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Building an equity millipede

  • #1,221
  • Aug 23, 2010 5:49am Aug 23, 2010 5:49am
Up to now just been ranging on eur/usd. Don't mind the b.e. stuff.
I'll try get buy an sell to break even at best price i can if thats acceptable.
making green pips large and red pips small this is my goal.
  • #1,222
  • Aug 23, 2010 5:54am Aug 23, 2010 5:54am
Quoting leggo
Hi Graeme,
From my point of view you cannot contribute enough! Every day is like been back at school. I have had a frustrating day today. I seem to be moving my stop to b.e. to soon and then get taken out. Do you have any advice on when would be a good time to move stop to b.e. on 5 min chart.
Regards,
Ben
Good question, Ben

Im prepared to lose few pips and move stop loss when the trade is away from danger.

If price reverts as soon as I enter then I will wait for the close of the 5min candle and then close it out.

The price should never revert back to your entry and then close above if your sell position/below it if your buy position.

That is sign to close with loss.

Until the above happens I will leave the entry with no stop loss for until the move develops.

Some days are great and some days are slow. Please do not be disheartened. I know you are a bigger person and you will make it.

Sincerely,

Graeme
  • #1,223
  • Aug 23, 2010 5:58am Aug 23, 2010 5:58am
Quoting paul1
Up to now just been ranging on eur/usd. Don't mind the b.e. stuff.
I'll try get buy an sell to break even at best price i can if thats acceptable.
Paul1,

Please have a look at last week on eur/usd. Mon, Tues was great upward movement followed by a stall and crash south causing the completion of weekly candle as a down candle. Thurs and Fri who have made more profit then what you would have lost on mon, tues.

1.27128 is triple wick bounce on eur/usd 5min. Im expecting a flying buddha very soon and I will enter will flow.

Sincerely,

Graeme
  • #1,224
  • Aug 23, 2010 5:59am Aug 23, 2010 5:59am
Quoting pipEASY
Am I contributing too much into this thread?

Sometimes less is more and I feel that I have lost few readers.

Does anyone have any questions for me?
You're doing a fantastic job here Graeme. Am following very closely how you trade the 5 mins. As for me, the more you contribute, the better as things become clearer.

Thanks.

Bak
  • #1,225
  • Aug 23, 2010 6:00am Aug 23, 2010 6:00am
Thanks Graeme,
It really helps when you post your entries because it means we can retrace what your thoughts are and when you decide to enter. That is priceless for me.
Kind Regards,
Ben
  • #1,226
  • Aug 23, 2010 6:10am Aug 23, 2010 6:10am
Thank you Ben and Lee

I thought maybe it was too much and more confusing than adding clarity.

I just added a sell position after the breakout down on eur/usd 1.27056 on 5min.

Triple wick bounce with breakout to south with momentum. I could have done a better entry and anticipated the wick bounce and entered closer to the top of the wick for tighter entry.

I will close this position if price comes up and closes above it.

I will think of a better and faster way to relay my thoughts to all readers who might be interested.

Sincerely,

Graeme
  • #1,227
  • Aug 23, 2010 6:24am Aug 23, 2010 6:24am
Quoting pipEASY
Thank you Ben and Lee

I thought maybe it was too much and more confusing than adding clarity.

I just added a sell position after the breakout down on eur/usd 1.27056 on 5min.

Triple wick bounce with breakout to south with momentum. I could have done a better entry and anticipated the wick bounce and entered closer to the top of the wick for tighter entry.

I will close this position if price comes up and closes above it.

I will think of a better and faster way to relay my thoughts to all readers who might be interested.

Sincerely,...
hey graeme,
i am with ben and bak,
your envolement at what ever level you wish to be at is great by me, i especially enjoy your envolvement whilst you are trading, and i for one appreciate the fact that you do this, it helps greatly to hear what you are thinking whilst you are trading, and helps to focus on what you are.

cheers
geoff
  • #1,228
  • Aug 23, 2010 6:25am Aug 23, 2010 6:25am
Graeme, I just noticed. This is really helpful to kind of get a kind of over the shoulder look at what is going through your mind as you are looking to participate in the flow... Thanks. Bruce
  • #1,229
  • Aug 23, 2010 6:26am Aug 23, 2010 6:26am
Quoting pipEASY
........................................................................................................

..................I will think of a better and faster way to relay my thoughts to all readers who might be interested.

Sincerely,

Graeme
Graeme, I would definitely be interested.
  • #1,230
  • Aug 23, 2010 6:26am Aug 23, 2010 6:26am
update

im out on eur/usd for -3 pips.

Price closed above my sell entry. That is a fail.

When I enter I expect momentum to the intended direction.

This places me 3 losses with total of -17 pips on eur/usd.

Graeme
  • #1,231
  • Aug 23, 2010 6:30am Aug 23, 2010 6:30am
Thank you for the compliements.

While we were debating on eur/usd, eur/jpy had a clear flying buddha breakout which we missed.

eur/usd is over for me for today. I will hold onto 2 positions at 1.27262 and move on.

I will flick around now and enter on other pairs live for all

Sicnerely,

Graeme
  • #1,232
  • Aug 23, 2010 6:30am Aug 23, 2010 6:30am
Quoting pipEASY
Paul1,

Please have a look at last week on eur/usd. Mon, Tues was great upward movement followed by a stall and crash south causing the completion of weekly candle as a down candle. Thurs and Fri who have made more profit then what you would have lost on mon, tues.

1.27128 is triple wick bounce on eur/usd 5min. Im expecting a flying buddha very soon and I will enter will flow.

Sincerely,

Graeme
Yes I see quite a few times in past eur/usd seems do this then big move.
Am just trying get best prices i can while we are in range at the moment.
making green pips large and red pips small this is my goal.
  • #1,233
  • Aug 23, 2010 6:41am Aug 23, 2010 6:41am
Quoting pipEASY
Thank you for the compliements.

While we were debating on eur/usd, eur/jpy had a clear flying buddha breakout which we missed.

eur/usd is over for me for today. I will hold onto 2 positions at 1.27262 and move on.

I will flick around now and enter on other pairs live for all

Sicnerely,

Graeme
hey graeme,
not all of us missed this

i added 3 positions to my e/j millipede,
i also added legs to my u/j as well
Attached Image
  • #1,234
  • Aug 23, 2010 6:43am Aug 23, 2010 6:43am
I like aud/chf at the moment.

If price closes below 0.92666 I will enter sell

Looks like the flying buddha that played out few bars ago is still in effect.

Im entering 2 sell positions on 1.41811 of eur/aud, hard stop loss @ 1.41920.

Graeme
  • #1,235
  • Aug 23, 2010 6:51am Aug 23, 2010 6:51am
Quoting geoffrod
hey graeme,
not all of us missed this

i added 3 positions to my e/j millipede,
i also added legs to my u/j as well
Excellent.

See you at the final door of profits

Graeme
  • #1,236
  • Aug 23, 2010 6:54am Aug 23, 2010 6:54am
my millipede need crutches he only got one leg awww.
making green pips large and red pips small this is my goal.
  • #1,237
  • Aug 23, 2010 6:58am Aug 23, 2010 6:58am
Quoting pipEASY
Excellent.

See you at the final door of profits

Graeme

if not this one maybe the next one, sooner or later with participation it will happen.
  • #1,238
  • Aug 23, 2010 6:59am Aug 23, 2010 6:59am
Quoting paul1
my millipede need crutches he only got one leg awww.
Mine has just grown a toenail! lol.
  • #1,239
  • Aug 23, 2010 7:12am Aug 23, 2010 7:12am
Im short on eur/chf after flying buddah and 3 wick bounce on 5min
  • #1,240
  • Aug 23, 2010 7:15am Aug 23, 2010 7:15am
You guys are having way too much fun ! Too bad I'm in the office and can't trade :-(
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