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Building an equity millipede

  • #1,561
  • Aug 27, 2010 10:21pm Aug 27, 2010 10:21pm
Quoting Forexcube
Hello Warburg

Does that mean you have to make all these cognitions of 95% and switch completely early enough?

If I read broadsheet economic newspapers and some well-known authors describes e.g. EURUSD are getting stronger,... concerning this and that.... I can bet with my friends every time that the opposite event will be turn up. In other words to educate the public incorrect is one aspect which big investment arrange cleverly.

Kindest regards
FXcube
Looks like Warburg has edited the original post. Just curious to know what he had to say.

Thanks
TS
Haste not to Enter AND Haste not to Exit !-TradeStar
  • #1,562
  • Aug 27, 2010 10:26pm Aug 27, 2010 10:26pm
Quoting leggo
Hi Everyone,
Just wanted to share something with you. Some platforms allow multiple charts on one screen. This may seem like an obvious statement to some, but others were asking whether Graeme has several monitors to keep track of different currency. I have recently changed from this broker because it did not allow hedging but still use there charts for this reason. You can have same currency with different time frame or several currency's on one time frame. The broker is GFT. I have attached a screen shot. Hope this helps someone.
Kind Regards,
Ben.
P.S....
Hi Ben

I am unable to download with XML extension. It either comes down as .PHP extension or if I go to clip sign it comes out with .download extension
Either way unable to open it

TradeStar
Haste not to Enter AND Haste not to Exit !-TradeStar
  • #1,563
  • Aug 28, 2010 12:02am Aug 28, 2010 12:02am
Hi T.S.
Try this mate. If no good just open demo account with them you will see what I mean.
Regards,
Ben
Attached File(s)
File Type: pdf multi screens.pdf   178 KB | 1,659 downloads
  • #1,564
  • Aug 28, 2010 12:07am Aug 28, 2010 12:07am
Quoting leggo
Hi T.S.
Try this mate. If no good just open demo account with them you will see what I mean.
Regards,
Ben
OK. Got it now. Thanks, Ben

TradeStar
Haste not to Enter AND Haste not to Exit !-TradeStar
  • #1,565
  • Aug 28, 2010 2:52am Aug 28, 2010 2:52am
Quoting Forexcube
Now look at the monthly chart, please.

I say this is big investment p*ss-take!,...independent if you have made a lot of money with this extreme eruption and freelance if you have read the chart signals in a right way.
Hello, I Have a Theory about joe.
graeme if i understand has only been doing actual trading for relatively short time 2 years if i'am not mistaken.
But has applied to trading the methods he uses in his original business.

Joe if i understand does shorter term trading only on short side.If i assume he has been trading for many years he may have been hurt at some point by market crashes that have occurred fast and unexpectedly.

In these events you struggle to exit /enter and people with open positions long lose there shirt in minutes .There are countless stories of famous extremely successful traders losing it all in the markets.Ok there are stops but at some point you may enter without one thinking, Am at monitor what can happen.
Also note you can get big moves to upside but market never crashes to upside.
My theory is that maybe joe is shorter term and only trades to the downside because he knows they may be rare big events but they may make him a lot of money and he isnt gonna get his account wiped out if it happens again.
A shorter term reason also is as your chart proves moves up tend to take double and treble the time , that the down moves do.

Just my thoughts an observation.

Happy pipfarming all.


.
making green pips large and red pips small this is my goal.
  • #1,566
  • Aug 28, 2010 3:10am Aug 28, 2010 3:10am
Quoting leggo
Hi T.S.
Try this mate. If no good just open demo account with them you will see what I mean.
Regards,
Ben
Regarding hedging something that was handy on the igmarkets platform was the overlay functions,You can overlay line charts of 2 other currencies on the chart.
eg. gbp/usd move in same direction as eur/usd so with american broker have gbp over the eur chart looks like moving average.
and enter hedge trades on the other pair.
You can have different time frames set up as your pictures show. And also see were 2 other currencies are in relation to your main focus pair.
Maybe worth finding out if its possible with your current us broker.
making green pips large and red pips small this is my goal.
  • #1,567
  • Aug 28, 2010 4:01am Aug 28, 2010 4:01am
On weekly EURUSD flying buddha for long.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 33 KB
  • #1,568
  • Aug 28, 2010 4:15am Aug 28, 2010 4:15am
JPY and JPY crosses have flying buddha (weekly chart)

Oversold for JPYs and chances of going Long.
  • #1,569
  • Aug 28, 2010 4:19am Aug 28, 2010 4:19am
Good evening, all

Thank you for the continued interest.

I hope everyone had a chance to think about what I have posted in the last 2 days.

Before I continue on with the intended material I would like to just take this moment to address something.

First of all, I do not have any plans to manage someone else's account. This will never happen.

Secondly, I did not start this thread for any personal agenda. I do not require any recognition or vouchers or the attention. Im the very opposite of an attention seeker.

Thirdly, I have received few offers through email/messages for a chance to create an e-book of some sort. I have no plans to create an e-book or book as such for financial gain. This will never happen.

Fourthly, I do not need to prove myself to anyone which is also on the first post of this thread. Im not here selling items as a salesman but Im here to genuinely help.

Lastly, I do agree that there are so much garble in this world or forex or forums that I will prove to all through the success of other traders that have learned something from me. That will signal my end and their beginning. They can continue on and show to all and prove it. I do not have any intentions to stay in this forum a minute longer than necessary.

I request all traders that are currently trading or planning to be a professional to reserve mutual respect for other traders. Successful trading begins from inside you first.

If I were to selfishlessly request something for myself is that when a trader is profitable through the methods I have presented for a good length of time to phonering any charity of their choice, in any country, any cause and donate whatever amount you think you can afford at that stage.

Just let me know in the future through a brief email, 'Graeme, thank you. It has been a xx years of profitable trading. I have donated xxx to xxx charity. Thank you.'

I may not reply back but these words will mean the world to me.

Sincerely,

Graeme
  • #1,570
  • Aug 28, 2010 4:39am Aug 28, 2010 4:39am
I may not reply back but these words will mean the world to me.

These words validate my belief in your true intention.
There are not many like you my friend.

As I said in one of my early posts you have been financially successful.
And have laid the foundations for your future goal and reward.

Which will be When people contact you reporting there results and appreciation.
I sincerely hope the inner rewards exceed the financial rewards you currently have.
Ever greatful Paul
making green pips large and red pips small this is my goal.
  • #1,571
  • Aug 28, 2010 4:48am Aug 28, 2010 4:48am
Filtering through deeper layers (smaller timeframe) from the hindsight from above level (higher timeframe) stacks the probability to your side.

It gives you an aim/goal: the potential profitable ground (scale) that we are aiming for. Anything from hundreds from daily, thousands from weekly/monthly.

I mentioned few times that alot of traders fail cause they do not know what they should expect. The hindsight that you pick on the higher timeframe gives you the required goal. You now know where to grip into so you can pull yourself up.

Currently, I do:

Monthly (hindsight) -> weekly (area) -> 4hr (smaller area) -> 5min (razor sharp entries)

However, this is also flexible. Sometimes I can just do:

Weekly (hindsight) -> 4hr (area) -> 1hr (smaller entries)

Or even:

4hr (hindsight) -> 1hr (area) -> 5min (razor sharp entries)

Everything is all relative. The above inception flow is all same except for one difference. What is it?

The scale.

If your hindsight is gathered on 4hr chart, expect the realistic profit first before you wonder whether this position will turn into a leg on your millipede.

For 4hr, expect a good movement to be 50-100 pips at minimum
For daily, expect a good movement to be 100 pips at minimum
For weekly, expect a good movement to be few hundred pips at minimum
For monthly, expect a good movement to be few thousand pips at minimum
For yearly, expect a good movement to be few thousand pips+ at minimum

The above is a realistic, sensible expectations from the hindsight received accordingly.

You can choose to be an intraday trader, so one of the possibilities are:

Daily (hindsight) -> 1hr (area) -> 5min (razor sharp entries)

There are so many variations and you dont need to follow mine.

At first I recommend weely or daily and then x1 area (4hr or 1hr) and then 5min.

You are aiming for profitable scale of higher timeframe but only risking what you will risk on smallest timeframe. This is basically encoding your risk:reward into your trading habit/actions already from the start. Alot of traders need to work out their r:r with numbers when it can also be set by your actions.

Continuing on..
  • #1,572
  • Aug 28, 2010 5:42am Aug 28, 2010 5:42am
Apologies to all.

Im experiencing few technical faults on my side here.

I have spent few hours preparing few charts before starting to post but all the charts are unavailable. It doesnt open for me.

This is disappointing as I spent the afternoon preparing them and they all seem to be cracked?

Just for now, Im deleting the last 2 posts and going to back to fixing this problem.

Apologies to all.

Sincerely,

Graeme
  • #1,573
  • Aug 28, 2010 5:46am Aug 28, 2010 5:46am
Hmmm...both the images appeared just fine when I was viewing those posts minutes ago. The Internet can be a temper-mental thing, I'm sure it will right itself again

With kind regards,
MK
  • #1,574
  • Aug 28, 2010 5:49am Aug 28, 2010 5:49am
Quoting MidKnight
Hmmm...both the images appeared just fine when I was viewing those posts minutes ago. The Internet can be a temper-mental thing, I'm sure it will right itself again

With kind regards,
MK

Thank you, MK

However, its not the internet but the charts was on my usb storage. They open up to just small x in the middle. First 2 charts I just posted are fine on the usb storage but the remaining charts are just little x's with 0 kbts.

This is a sad loss on my par.

I will be back to post in the prepared flow.

Once again apologies to all.

Sincerely,

Graeme
  • #1,575
  • Aug 28, 2010 5:58am Aug 28, 2010 5:58am
Quoting pipEASY
Thank you, MK

However, its not the internet but the charts was on my usb storage. They open up to just small x in the middle. First 2 charts I just posted are fine on the usb storage but the remaining charts are just little x's with 0 kbts.

This is a sad loss on my par.

I will be back to post in the prepared flow.

Once again apologies to all.

Sincerely,

Graeme

Hi Graeme,
Had this problem on many of your earlier charts; managed to resolve by:
-> mouse pointer over red 'x' -> right click -> select 'show picture' from menu. Usually workes, but not 100%.
  • #1,576
  • Aug 28, 2010 6:01am Aug 28, 2010 6:01am
To all readers

Apologies but nothing seems to work with the remaining charts.

I will have to prepare them again.

I simply cannot do it tonight so it will have to be tomorrow morning.

Sincerely,

Graeme
  • #1,577
  • Aug 28, 2010 6:04am Aug 28, 2010 6:04am
Quoting traderray
Hi Graeme,
Had this problem on many of your earlier charts; managed to resolve by:
-> mouse pointer over red 'x' -> right click -> select 'show picture' from menu. Usually workes, but not 100%.
Thank you for the suggestion.

I believe it didnt save properly onto my usb storage. All the files are 0 kbts with no data.

Apologies to all I will return tomororw morning.

Sincerely,

Graeme
  • #1,578
  • Aug 28, 2010 6:36am Aug 28, 2010 6:36am
we will wait Graeme. but from what I've already read today from you big picture comes more clear. thank you.
  • #1,579
  • Aug 28, 2010 7:49am Aug 28, 2010 7:49am
Quoting dsan
On weekly EURUSD flying buddha for long.
Why this huge gap between december and january?
Patience is magic
  • #1,580
  • Aug 28, 2010 8:07am Aug 28, 2010 8:07am
Quoting muntu ntu
Why this huge gap between december and january?
price history problem from broker.
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