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Building an equity millipede

  • #2,241
  • Sep 10, 2010 1:54am Sep 10, 2010 1:54am
Quoting VEEFX
couldn't take all the trades by the book but close enough to get the feel of this strategy.
Showing the one's you've held for two days makes me sickkkkkkkkkkkkkkkk -

I see the retracement coming and think "SWING!"


I think it's good for those holding to show your numbers on your account - makes the rest of us sick who closed out at 30 pips..... (20, 10, 5, okay - I even have 2 pip trades!)
  • #2,242
  • Sep 10, 2010 2:10am Sep 10, 2010 2:10am
Quoting kcravey
Showing the one's you've held for two days makes me sickkkkkkkkkkkkkkkk -

I see the retracement coming and think "SWING!"


I think it's good for those holding to show your numbers on your account - makes the rest of us sick who closed out at 30 pips..... (20, 10, 5, okay - I even have 2 pip trades!)
Graeme so eloquently described the '5-move lookahead in chess' example. I am now able to make that connection with the market. I hope my winning streak continues and not just a lucky day. I was a 'bracket trader' before I ran into this thread. not any more !!!

p.s. It's hard to step away from the charts once I am in binge stacking mindset :-
Staying in my lane...
  • #2,243
  • Sep 10, 2010 2:15am Sep 10, 2010 2:15am
Agreed. Forget automation until you have been trading it for a good while and made good coin with it. There are prob a few important nuances to pick up that will make a big difference to your bottom line, and you wont figure those out activating a simple EA every time you see a Flying Buddha...

MM

Quoting VEEFX
Good idea skyline but perhaps a bit premature at this point IMHO. I think I/we have all the details nailed down to create a more logic-driven/robust/pseudo-mechanical trading plan out of this strategy and then practice as per it's rules. My list of questions continues to grow after another round of firsthand practice this morning :-)

For now, I personally want to leverage Graeme's effort to focus on (1) getting this 100% baked on paper and in my head first (2) Practice and prove to myself that this viable strategy fits my personality and that...
"If it bleeds ... we can kill it"
  • #2,244
  • Sep 10, 2010 2:16am Sep 10, 2010 2:16am
Quoting VEEFX

p.s. It's hard to step away from the charts once I am in binge stacking mindset :-

I feel you...
"If it bleeds ... we can kill it"
  • #2,245
  • Sep 10, 2010 2:23am Sep 10, 2010 2:23am
Quoting VEEFX
Graeme so eloquently described the '5-move lookahead in chess' example. I am now able to make that connection with the market. I hope my winning streak continues and not just a lucky day. I was a 'bracket trader' before I ran into this thread. not any more !!!

p.s. It's hard to step away from the charts once I am in binge stacking mindset :-
I say we start a contest and see who wins the monthly "pip soldier/leg" award!
Monthly Winner gets a voucher from Graeme.

So lets start now - but we have to start fresh. So, close all those and start over, so its fair
  • #2,246
  • Sep 10, 2010 2:34am Sep 10, 2010 2:34am
Quoting kcravey
I say we start a contest and see who wins the monthly "pip soldier/leg" award!
Monthly Winner gets a voucher from Graeme.

So lets start now - but we have to start fresh. So, close all those and start over, so its fair
will do but first, i want to experience an engulfing green candle to close all my positions. I am also working on my next round of questions for Greame based on my H4 FB exercise on gbp/cad. It's 300+ pip strong
Staying in my lane...
  • #2,247
  • Edited 6:28pm Sep 10, 2010 2:45am | Edited 6:28pm
Quoting kcravey
I say we start a contest and see who wins the monthly "pip soldier/leg" award!
Monthly Winner gets a voucher from Graeme.

So lets start now - but we have to start fresh. So, close all those and start over, so its fair
Not to be kill joy...but do you think having a contest to out do each other is really what this thread is about??? I just think doing something like that would be distracting to one's trading and to the thread itself.

Again...just my opinion.
  • #2,248
  • Sep 10, 2010 2:53am Sep 10, 2010 2:53am
Quoting VEEFX
will do but first, i want to experience an engulfing green candle to close all my positions. I am also working on my next round of questions for Greame based on my H4 FB exercise on gbp/cad. It's 300+ pip strong
My Chess moves are working !!! Engulf candle formed on M15 candle.... had a price alert to stop stacking episode according to the rules and closed all positions for a net profit of 216 pips.

p.s I chose to close all positions instead of a portion as I am burnt out watching the charts
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Staying in my lane...
  • #2,249
  • Sep 10, 2010 3:02am Sep 10, 2010 3:02am
Well done you
  • #2,250
  • Sep 10, 2010 3:02am Sep 10, 2010 3:02am
Quoting ozziedave
Not to be joy kill...but do you think having a contest to out do each other is really what this thread is about??? I just think doing something like that would be distracting to one's trading and to the thread itself.

Again...just my opinion.
aww, I was (kinda) kidding. I'm competitive by nature. Seeing live results like that pushes me to get rid of my 2-30-100 pip mentality.

I think others seeing that it CAN BE DONE and it is REALLY being done by other traders would encourage them. i see some getting discouraged. I know it can be done, when I first read this thread I was rocking along and holding trades longer than ever before. Seeing those trades for only two days is enough to make me sick enough to want to change my swing trading mentality - and get rid of it for good. When alot of people start really getting this and are posting trades they've held for WEEKS, MONTHS - I think it would push us all to quit putting our stops at +20 or trail stops at +50.

just my $.02 ....
  • #2,251
  • Sep 10, 2010 3:17am Sep 10, 2010 3:17am
I already have 7 questions and counting for Graeme......
Staying in my lane...
  • #2,252
  • Sep 10, 2010 3:54am Sep 10, 2010 3:54am
Its hard to imagine how someone as successful as Graeme could be bothered starting this thread... let alone setting out massive posts with illustrations and answering every question in detail.

Unreal.

Im gonna be working on a trading plan this weekend. I have some pretty aggressive ideas but id be happy to collaborate with you and get something really solid nailed down.

MM


Quoting VEEFX
I already have 7 questions and counting for Graeme......
"If it bleeds ... we can kill it"
  • #2,253
  • Sep 10, 2010 4:01am Sep 10, 2010 4:01am
Quoting ozziedave
Not to be joy kill...but do you think having a contest to out do each other is really what this thread is about??? I just think doing something like that would be distracting to one's trading and to the thread itself.

Again...just my opinion.
i agree with you dave we should not let our egor prevail... or else the market will show us humility and kindness

regards,

p.s. if one think they already know a lot and ready to conquer the world, please give yourself a break... as graeme said we need lots and lots of participation to become better and profitable.

Success consists of going from failure to failure without loss of enthusiam
  • #2,254
  • Edited 5:18am Sep 10, 2010 5:08am | Edited 5:18am
Quoting pipEASY
... If I asked you, "lets play a game. Everytime you roll this dice, you need to pay $100. This is the reward: you win $1000 eveytime you roll 6 and lose your $100 on 1,2,3,4,5. Would you play?" ...

Hi,

Just want to encourage everyone. I played with dice 100 times and it's very interesting that you will always be in profit. I do it as mental exercise to see a bigger picture of what we are learning here.
Now the only thing I need to do is to improve my small stoplosses.
  • #2,255
  • Sep 10, 2010 5:40am Sep 10, 2010 5:40am
Quoting VEEFX
I already have 7 questions and counting for Graeme......
Hey Vee,

Graeme is doing this out of the kindness of his heart, it's not like he has an obligation...

I would ask that you respect that... also consider the volume of questions he must be receiving, I think he said about 30 people participating at that two weeks exercise, if each of them has 7 questions, I hope you can see the workload.

Kindest Regards,

Cam
  • #2,256
  • Sep 10, 2010 5:41am Sep 10, 2010 5:41am
Quoting VEEFX
This is not the Multi-pair FB dashboard at the bottom of the screen that John had :-
a pm to john would probably clear things up. the multipair dashboard is probably a donational made by a guy called T R O. and mentioned in another learning tread over at kreslik.
  • #2,257
  • Sep 10, 2010 8:38am Sep 10, 2010 8:38am
Quoting Ari Gold
Its hard to imagine how someone as successful as Graeme could be bothered starting this thread... let alone setting out massive posts with illustrations and answering every question in detail.

Unreal.

Im gonna be working on a trading plan this weekend. I have some pretty aggressive ideas but id be happy to collaborate with you and get something really solid nailed down.

MM
I would like that a lot Ari. I have already begun working on a trading plan focussed precisely on Marion's strategy and feel more comfortable since the last stacking episode yesterday. We could collaborate offline (via PM) to avoid distraction to this thread. My intention with these series of questions were to completely understand where subjectivity/discretion comes into play and thanks to Graeme, now I have a much much better idea.
Staying in my lane...
  • #2,258
  • Sep 10, 2010 9:04am Sep 10, 2010 9:04am
Hi to the group,

It's taken me a while but I have now completed reading the whole of this thread. Many thanks to Graeme for the time and effort in preparing the charts and explaining his method. I particularly like the way that the details were gradually revealed bit by bit. A lot of the ideas presented here have changed the way I now look at the markets.

The modifications that Joe/Marion uses appeal to me as I trade by spread betting in the UK and my broker won't allow any kind of hedging. The idea of just using trades in one direction on a particular pair is ideal for me. I'm just at the stage of trying to get my head around the details of Joe/Marion's entry and exit strategy.

So far its been a very interesting read and I hope to have a go with this strategy very soon.

Dave
  • #2,259
  • Sep 10, 2010 9:07am Sep 10, 2010 9:07am
USD/CHF, my long take yesterday on BE, actually +80 pips
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  • #2,260
  • Sep 10, 2010 9:10am Sep 10, 2010 9:10am
I have just took a short on NZD/USD at 0.7276,


Let it run !
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