Building an equity millipede

Here are the links to the pdf files for pipeasy's posts.

Up to Page 28

Up to Page 44

Up to page 64

Up to page 77

Page 77 to 102

Up to page 102

Page 102 to 151 (changed link as per post below)


You really only need the last two links for everything. Note that the file Up to page 102 is about 20 megs in size whereas the last file is only 3 megs in size.

Once again, don't mess up the thread flow by commenting on this post. if there is an issue then just PM me. I most likely won't get to it until Monday.

Flyer,

Your last link 102 to 151 is wrong. I downloaded below file..

'Building an equity millipede Page 28.pdf'

Changed.

thanks.

Partial exit at 107.00 for 100 pips.

http://i53.tinypic.com/9fuqm0.gif

FB on D1 alerted a buy. Average entry 103.21. STACK ON!

http://i54.tinypic.com/eqxfyd.jpg

Looking for a short pay day here. AUDUSD at 90% year to date fib retrace level.

http://i55.tinypic.com/2lmw1gx.jpg

Hi everybody,

I would like to make a suggestion to have another thread running alongside this one. A place where people can discuss their strategies, show their trades, and other random contributions, etc. The purpose of the new thread will be to keep this one from getting too diluted and to leave it for Graeme to continue with his lessons. This thread is starting to get too big and I fear that Graeme's lessons would get "lost" in the midst of all the different postings from so many people. I do find value from all the contributions by other people but I think it would be for the benefit of all if we start another thread for discussions and other random contributions.
I wonder if Graeme would agree to it? What do you guys/gals think?

Bak

Great idea!

http://www.forexfactory.com/showthre...30#post4014530

Hi Graeme,

My last FB 4H stacking exercise was quite invigorating to say the least. I hope I am not giving you too much grief by asking so many questions and clarifications on Marion's strategy. If I am or if you feel my posts are causing distractions to your intended flow of your teachings thus affecting fellow participants, I won't be offended if you ask me to stop cluttering this thread further with my questions.

1. This is more about confirmation of my understanding than a question. In one of your posts, you mentioned that Marion "always ensures that the new addition has its SL always moved to BE before adding the next". What I think this means is the following: 1st H4 position has to be in BE before opening 1st H1 position (and 1st H1 position has to be in BE before opening 1st M15 position and so on...). Am I correct in saying that at any given point in time during a single H4 TF stacking episode, there can be only ONE position that can have a floating loss. This certainly did not catch my eye at first! A quick yes/no validation from you in regards to risk exposure would be beneficial to all. If there is a upward green candle spike greater than the length of current H4 candle, all currently open BE positions set at H4, H1 and M15 Timeframes will close out and the total loss will be no more than the floating loss for the last opened single position per 4H entry?

p.s. Just for clarity, I will reference stacked positions with candles across TF as follows:
1.H4, (1.1H1, 1.2H2, 1.3H3, 1.4H1), (1.1.1M15, 1.1.2M15,1.1.3M15,1.1.4M15)
2.H4, (2.1H1, 2.2H2, 2.3H3, 2.4H1), (2.1.1M15, 2.1.2M15,2.1.3M15,2.1.4M15) and so on.

2. Taking #1 a bit deeper and re-reading your comment on automated trading…."I believe the personal factor he is referring to his when price closes against him on 4hr timeframe he decides 'how many' positions he should close or leave open. ", I believe this "personal factor"/discretion/manual intervention applies only when stacking continues on to the second grouping of H4 stacks (2.H4*). A simple rule as below could eliminate this manual dependance: "Close all positions in a single H4 group when a M15 engulf candle closes above the open price of previous red candle in any of the M15 candles". I think, it would have similar (or better) cause and effect when manual discretion is required.

3. This question relates to moving stops to BE. I saw this in one of your older posts… "Joe always ensures that the new addition has its SL always moved to BE before adding the next.". In my experience with yesterday's stacking, I feel (1.H4+1.1H1) and (1.1H1+1.1.1M15) entries could get very close to each other especially for the ones entered at 50% retrace. Wondering if Marion uses a default level of floating profit to reach (i.e. wait for +15 pips of floating profit) before moving SL to BE? If not, I am curious what makes him decide when to move SL to BE? I believe he moves to BE whenever PA indicates him to take on the next trade but I could be wrong. I am struggling for clarity with this one as this could be another descretionary aspect that Marion has gained through years of experience that I need to master. I also think there would be very few times when Marion takes entries on 1.1H1 and 1.1.1M15 candles as they will be just too close to each other unless there is a clear volatility breakout. Taking an entry on a 10 bar length with spread of 3 would not justify taking the next trade unless one is extremely aggressive in stacking the heck out of each candle.

4. I am not used to trading based on chart patters and candle formations so pardon me if this sounds like a dumb question. Do you think yours (or Marion's) trading results would be significantly different if you execute the exact same strategy using two separate charting platforms/brokers that are based in GMT (IBFX) and EST (FXCM) server times zones. I think, FB pattern generation shouldn't matter on a H1 or lower TF chart but I am concerned how it would affect a H4 chart formation as H4 FB is the trigger for us... especially when market/session open times could vary across different 4H candles.

5. "Marion has just switched from FXCM to Oanda"….I am a bit surprised that Marion would go with Oanda as their charting software is unable to display H4 TF candles. They only show up to H3. Just curious if his performance will differ on H3. I personally don't think it will so but wanted to bring up for clarity as this is also tied to my #4 above.

6. Placing SL at the top wick of the previous candle - We also need to add spreads to the SL if candle is set on bid price as Ask price will trigger the SL. I lost a few quick trades yesterday as I was leaving 10 pips space for SL on M15 and my spread on GBP/CAD was 7 pips!

7. This one is about taking profit.... I am not sure if closng 'some' H4 and H1 positions when green engulf candle appears on M15 make sense to me. Unless I misunderstood, we should only close M15 TF positions (if any) and let the higher TF run a bit longer. I guess it doesn't matter as Marion would resume stacking multiple times for a single FB setup. To me, it makes more sense to close all M15 positions when there is a engulf on M15, close all H1 positions when there is a engulf on H1 and then finally close all H4 positions when there is an engulf on H4. This also supports your own theory of staying in longer legs as much as possible while adding to the account balance. During my next stacking exercise, I will add 100 realized pip from M15 stacks to my SL of first 1.H4 (and 2.H4, 3.H4 etc) FB position(s) and let them run for months until a change in monthly trend.

8. Would Marion (or you on M5 tight entries) ever consider FB by itself as a trigger to 'close' an open position considering the fact that this open position and subsequent stacks were based on an 'FB setup' in the opposite direction? If FBs can trigger a buy or sell setup, I don't see a reason why it could not be used to trigger an indication to 'close' a position.

If we don't hear from you this weekend, please take rest and have a speedy recovery

(please respond to this post only when you feel better).

Get Well and Best Wishes!

Best Regards,

-Vee

I can help you with #6. The Oanda platform works just fine for trading but I used a demo account with FX Pro for general charting on MT4. So the combination works well for me. I really like FX Pro for charting because they also have Oil futures and Gold charts in addition to other futures and certain stocks to use as a reference. Only thing they don't have that I would like to see is the USD index.

A FB on the H1 signals an exit to me. Reentry can be made at a better price.

Thankyou very much flyer been hoping you would do this for ages.

Could I make a request if possible to have this post or its contents moved to first page for easy reference.So that if anyone asks for quick reference guide we can simply direct them to this post.

I know another thread think its j16 thread has quick links at the begining.
They suggest use quick links for method then jump in at end of thread an join in the action.
At least that would solve the problem of the thread being cluttered.

And if anyone thinks there are important posts in addition to flyers post the link could be put on the first page.
leaving us free to post charts,trades and discussions.

Greame am sorry to hear your not well hope its not too serious and you get well soon. The best of health to go with your wealth.

Missing you already.lol.

Hi Paul,

To be honest with you, I think that Graeme's time would be better spent by not moving posts around the first page and all of that. If someone reads the first pages and is interested, they will go forward and read all the posts (as I did, thread was around page 70 when I found it).

We must not forget the purpose of this thread which is, I think, to learn the method of no system, of nothing predefined.

Kindest Regards,

Cam

http://www.forexfactory.com/showthread.php?t=255481

There is new thread now for discussions.

anyone wishing to discuss between ourselves this method or post trades please post on that thread to leave greames thread un cluttered thanks.

Hi all!

After spending a significant amount of time on internet trading related forums, not only here on FF, I must say,I ve developed a high level of scepticism, especialy on threads included in the "trading systems" section. Oh, and also under "commercial forum" be it "under evaluation" or not (which would mean they had already been "evaluated").

It became so hard, and time consuming, for me to distinguish valuable from non-valuable (even hazardous) information, that, some time ago, I decided I would be better of doing the exercise suggested by pipeasy somewhere at the beginning of this thread (3*20 pips or something similar) as time allows, than reading thousands of pages of "how someone does it", only to discover that I cannot do it like that ( assuming that he/she is doing it like that anyway???).

However....


I ve been reading this thread with diligence for some time now, I am almost done actually. Must say I ve been lucky to catch it up on time, before it gets to 4 digit ( and counting) page number, which I think it will do in short time. Great job pipeasy (not to discount other valuable contributors). I applaud at your willingness and efforts to share in details what I believe is highly valuable information of how one should operate in the market (not only "enter here and exit here type of thing").

From not too long ago, i began to realize for myself that trading for infinite gains (while keeping the risk finite) is the only way for me to make profit in the market, so I can safely say that I am totally in tune with a lot of stuff being said here.

That is that. My first post here. If allowed I will do my best to try to contribute to this great thread development in the future.

Best regards to all!

Coronajazz!

Hello Graeme,

In post #1629 (http://www.forexfactory.com/showpost...postcount=1629) you posted the following chart (without the 2 arrows that I added). You said the hindsight was down after the bearish engulfing candle. I am curious to know your point of view about the 2 weekly candles that I highlighted with the arrows; after those 2 candles your hindsight was also down and what were you expecting ? Thank you for everything you are doing here, it's great.

Hi mlambole...

I am certainly not Graeme but I can give you my take on these candles. These are weekly candles so I would look at these and my hindsight would be to the down side for the following week. We have been in a decent down trend for along time and there's no reason to believe this little up move the past few weeks is nothing more than a pullback of the long term trend at this point. If you're hindsight doesn't work out just move on to the next pair and come back and check this pair in a week or two.

Well done Zebulon!
I have this pair on my radar as well. This 100.00 support looks impassable. And the E/U seems to have resumed its down trend.

Hi Baku, allow me not to agree whit the suggestion. What if Graeme had already taught us most of what he has to teach? Personally, I think it is the case right now. If so, he will not be around that often. Therefore you need traders, especially those that have got the message, to keep the thread going, and Graeme intervening form time to time as suits him.

I think I will be the one buying from you hier Zebu, as my own view on this pair is bullish.
BTW, the message on your chart is for a buy limit, and you say you sold. please clearify.


zebulon;4014117]I have just took a short on NZD/USD at 0.7276,


Let it run ![/quote]