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Minimize risk, maximize profit and ride a trend

  • #141
  • Feb 9, 2022 3:41pm Feb 9, 2022 3:41pm
And again moving the SL a bit higher. Nice profit has been locked.

I feel that SL has been moved up quite aggressively but I want to show you that your approach to it is less important unless you use the correct method.
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  • #142
  • Feb 11, 2022 4:35am Feb 11, 2022 4:35am
I'm out. +3%

And I could not resist to enter lower...

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  • #143
  • Feb 11, 2022 8:44am Feb 11, 2022 8:44am
Price is going up. I'm still in waiting mode...

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  • #144
  • Feb 11, 2022 9:19am Feb 11, 2022 9:19am
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I wanted to show you my thinking in real time. Price went up and I could move SL to BE. But it is too soon in my opinion. I do not feel comfortable going to BE just because of my doubts. Yeah, I might lose this one, but I do not care about a particular trade. I want to make money in long-term and I dont mind being wrong. I know what works in long term and I have no idea if this trade is going to be a winner or loser. For me, every trade is a shot I have to take despite my feelings.

Hopefully you are starting to see what it means to be a trader. Trader is not a person who is desperately waiting to make another trader. You should trade what you see. And when you do not see it just do not trade. Only once you know this is it, go for it...
  • #145
  • Feb 11, 2022 1:00pm Feb 11, 2022 1:00pm
SL hit. 4 trades this week. 2were closed in a loss and 2 in the profit. We are up 2.6%


You had many questions how to trade this method when it takes weeks and sometimes months to build positions. The answer is easy. Even when you are not successful at building positions because market is not moving, you can make some money on the way. But once the market starts to move you'll make hundreds percents.

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  • #146
  • Mar 8, 2022 9:44pm Mar 8, 2022 9:44pm
How are things going Adam? I started this strategy yesterday. have my first couple of positions in.
  • #147
  • Mar 24, 2022 2:02am Mar 24, 2022 2:02am
Weekly in down trend and sell from h1... How about my trade?
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  • #148
  • Mar 27, 2022 5:43pm Mar 27, 2022 5:43pm
Hello folks, I found this thread from the 'Building an equity millipede'. Should i go through all the 372 pages of those posts to gain sense of this strategy to see it's potential.
I saw a video of someone (quickfingers luc) 'briefly' explaining the concept and found it 'interesting' to say the least. Building positions in a way i never thought of!

Thanks.
  • #149
  • Jul 22, 2022 12:32am Jul 22, 2022 12:32am
Hi Adam,

Please keep sharing. Your approach is slightly different than Graeme but it works anyway. Graeme is only interested in low-risk entry. You are different, your SL can be large 50 pips~, as well as you follow the trend, it will ok. I found out low-risk entry will need more time to enter, and is usually taken out by Stop hunt

My question: If you are down 5% of the balance but your equity is 10% of the balance (floating profit). Would you take partial profit to gain your balance to zero loss?
  • #150
  • Aug 2, 2022 1:56pm Aug 2, 2022 1:56pm
Hi all,

I see that you still have questions. I haven't been giving new information as I already shared everything you need and I don't want to misguide you with unnecessary information.

Now it is up to you to practise.
  • #151
  • Aug 2, 2022 2:03pm Aug 2, 2022 2:03pm
Quoting brianpham
Hi Adam, Please keep sharing. Your approach is slightly different than Graeme but it works anyway. Graeme is only interested in low-risk entry. You are different, your SL can be large 50 pips~, as well as you follow the trend, it will ok. I found out low-risk entry will need more time to enter, and is usually taken out by Stop hunt My question: If you are down 5% of the balance but your equity is 10% of the balance (floating profit). Would you take partial profit to gain your balance to zero loss?
Yes, if Im down 5% I definitely bring me balance back closer to the highest value. I like it that way. It is not the optimal way but I prefer to do so.
  • #152
  • Aug 2, 2022 2:05pm Aug 2, 2022 2:05pm
Quoting jazzthedog
Hello folks, I found this thread from the 'Building an equity millipede'. Should i go through all the 372 pages of those posts to gain sense of this strategy to see it's potential. I saw a video of someone (quickfingers luc) 'briefly' explaining the concept and found it 'interesting' to say the least. Building positions in a way i never thought of! Thanks.
I strongly advise so. It is few weeks time investment that can yield in huge profits. Just read Graeme's posts. It will be enough. But do not expect to get a working strategy. Just a new point of view that changes how you view your trading for ever.
  • #153
  • Aug 2, 2022 2:06pm Aug 2, 2022 2:06pm
Quoting RiskLove
How are things going Adam? I started this strategy yesterday. have my first couple of positions in.
How is it going?
  • #154
  • Sep 26, 2022 3:49am Sep 26, 2022 3:49am
Hello Adam,
I have been trying to use Graeme's methods for 1.5 years now and was on the verge of despair until I came across your thread. I am really glad that I haven't given up yet (as you have also held out for even three to four years).

Early this morning, using my weak entry methods, I put in 8 trades (following your strategy), with about half hitting the SL. With the other half I made 3% (assuming that this is due to the very strong market fluctuation).

I have applied to the Telegram group and am looking forward to exchanging ideas.
I would have lots of ideas and thoughts and can't wait to share with you.

First, I wanted to ask what the risk is relative to your account - I roughly calculated that Graeme risks 0.1 - 0.15% per trade. The basis for this reasoning was that Graeme entered with 150k and used between 10 - 15 pips per trade with a lotsize of 2 lots.

You have a very similar risk management - however I can't figure out what percentage you risk per trade.

I also wanted to ask you how many of your trades end up on BE on average.
Best regards and excellent respect

Z
  • #155
  • Sep 26, 2022 7:11am Sep 26, 2022 7:11am
Hello Adam I have another Question:

You said the following:

Quote
"The move that I caught was about 120 pip big. Which you can consider a small movement in the market that happens quite often. The trick is that I caught it with 5 trades but risked only with one. So basically I have risked 30 pips for catching around 500 pips. I could not achieve that by taking one big trade because I would still risk 30 pips but would go for 120 only.

This method is very forgiving. You can make many mistakes, open many bad trades with quite wide SL and still profit quite easily. That's the beauty of the system. I do not think...

What I am not understanding is:

Letīs say you get the first position right and it goes 40 Pips in your direction. When you try again and miss it - you are already 30 Pips in Loss. If you will try it another time and lose another 30 Pips you are already 60 Pips in loss with your 30 Pips SL. So my question is - how many times would you try to catch this 120 pip move (since more then 3 times wrong is already 120 Pips Drawdown).


Keep up with the good work!

Kind regards!
  • #156
  • Oct 3, 2022 6:20am Oct 3, 2022 6:20am
Quoting hidethepainX
Hello Adam, I have been trying to use Graeme's methods for 1.5 years now and was on the verge of despair until I came across your thread. I am really glad that I haven't given up yet (as you have also held out for even three to four years). Early this morning, using my weak entry methods, I put in 8 trades (following your strategy), with about half hitting the SL. With the other half I made 3% (assuming that this is due to the very strong market fluctuation). I have applied to the Telegram group and am looking forward to exchanging ideas. I would...

Hi Z,

I'm glad you are back on track and you see some profits growing.

For this method not to be very difficult at the beginning I suggest you also take profits. You can start taking RRR 1:1 or 1:2 and later increasing it to higher numbers.

I trade almost always only in the direction of the trend (defined as price above or below SMA50 on H4 chart). Therefore I almost never use SLs placed in the platform but I define where Im wrong and I always exit there if price goes against me.

My average loss is 0.25% but sometimes it can reach up to 2%.

I trade mostly SP500 and when you check H4 and SMA50 you see that I go short for last weeks. I enter on pullbacks and I now take profits quite often as I reach around 1% profit. Sometimes I hold positions longer and take higher gains (5% was maximum during last 2 months).

My trade win is 45.9% in long-term. I have no precise stats of BE trades. It really depends on the market cycle.

Feel free to share your trades here. We can discuss them here so others also see it.
  • #157
  • Oct 3, 2022 6:28am Oct 3, 2022 6:28am
Quoting hidethepainX
Hello Adam I have another Question: You said the following: {quote} What I am not understanding is: Letīs say you get the first position right and it goes 40 Pips in your direction. When you try again and miss it - you are already 30 Pips in Loss. If you will try it another time and lose another 30 Pips you are already 60 Pips in loss with your 30 Pips SL. So my question is - how many times would you try to catch this 120 pip move (since more then 3 times wrong is already 120 Pips Drawdown). Keep up with the good work! Kind regards!
Let's say that I trade as you say. I open a trade and it is 40 pips in profit and I move SL to BE. And I would open another trade (I would do it on pullback or very strong momentum on H4 or daily TF). The first trade would be locked at BE. The second trade as for me as the only risk I hold. If SL is hit I do not re-enter just because I think it is a good idea. I wait for support or resistance.

My rule no. 1 would be dont ever overtrade. Take it slowly, plan your trades and execute on good levels.

lets make real example. I shorted SP500 on 3600. I will short more on 3640 if it goes up or I'll trail SL if it goes down. My mental SL is at around 3680. I do not have TP levels but I would take some profits on the way down so I dont decrease my balance.

Just trade with the trend with small risk and you'll be alright in longterm. Take profits lets say after 2 days if you feel uncomfortable holding it for longer. Build your equity step by step and you'll find out what suits your personality. I trade differently in bear and bull market...
  • #158
  • Oct 3, 2022 6:59am Oct 3, 2022 6:59am
The most important thing in trading is to find what is comfortable for you. Graeme's method as he trades does not suit me. Im not comfy giving back 5% profit and close it at BE. So Im not going to do it. I might close it there or even sooner.

I do not trade optimally. It could be much better and much higher profits. But I do not care. Im profitable and im more comfortable with 2% profit than losing 5%. I do not see much difference in balance and equity. If I reach new equity high I do not want DD higher than 8% from that point in any period of my trading.
  • #159
  • Oct 10, 2022 5:54am Oct 10, 2022 5:54am
USDJPY still growing... just saying
  • #160
  • Oct 10, 2022 6:24am Oct 10, 2022 6:24am
Slowly building USDJPY

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