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Building an equity millipede

  • #2,641
  • Sep 22, 2010 12:29am Sep 22, 2010 12:29am
Quoting tmanbone
Seems to me there would be equal opportunity trading extended price expansion back to the 200 ema also. Anyone else thinking like this?
It's called FLYING BUDDAH. Isn't that what Graeme showed us earlier?
  • #2,642
  • Sep 22, 2010 12:37am Sep 22, 2010 12:37am
update: Short Entry Order placed on gbpcad
Attached Image
Staying in my lane...
  • #2,643
  • Sep 22, 2010 12:42am Sep 22, 2010 12:42am
Quoting VEEFX
update: Short Entry Order placed on gbpcad
Seems like you are still trying to get in too early. Why not wait for it to show a lower low first?
  • #2,644
  • Sep 22, 2010 12:49am Sep 22, 2010 12:49am
GBP/CAD looks bullish. Now to figure out the hot knife through butter odds. Goodnight all.
T
  • #2,645
  • Sep 22, 2010 12:51am Sep 22, 2010 12:51am
Quoting BlackStack
Seems like you are still trying to get in too early. Why not wait for it to show a lower low first?
THANK YOU for the reminder.... you are right on Blackstack. canceling my entry order and watching closely.
Staying in my lane...
  • #2,646
  • Sep 22, 2010 12:59am Sep 22, 2010 12:59am
Quoting VEEFX
THANK YOU for the reminder.... you are right on Blackstack. canceling my entry order and watching closely.
First first short trade for tonight on GBPCAD.
Attached Image
Staying in my lane...
  • #2,647
  • Sep 22, 2010 1:07am Sep 22, 2010 1:07am
Quoting VEEFX
First first short trade for tonight on GBPCAD.
(will remove the other two pairs from my images from future posts)
Attached Image (click to enlarge)
Click to Enlarge Name: 9-21-2010 11-04-06 PM.png Size: 105 KB
Staying in my lane...
  • #2,648
  • Edited 1:19am Sep 22, 2010 1:16am | Edited 1:19am
Quoting VEEFX
(will remove the other two pairs from my images from future posts)
Hope I am getting this pair right without Graeme's guidance. Hope he could join us soon.

Graeme: I decided to vote against eurnzd pair from last night as I don't like what I see on H1.. it's ranging. I will wait for clear direction before I resume the remaining 3 opportunities I have for this pair.
Staying in my lane...
  • #2,649
  • Sep 22, 2010 1:19am Sep 22, 2010 1:19am
Quoting Accumulation
Just took a GBPUSD long trade based on proximity to 4H 200 ema and closes above open of previous down bars on 1H and 5M. See how it goes currently +10 pips.

Update +49 pips
  • #2,650
  • Sep 22, 2010 1:25am Sep 22, 2010 1:25am
Just a quick reminder... I am updating my previous posts with recent changes in my trading activity/interpretation in order to reduce the number of new posts from me. Please hit F5 often to refresh your browser page.

Hope I am not making this difficult for readers to follow.
Staying in my lane...
  • #2,651
  • Edited 1:40am Sep 22, 2010 1:32am | Edited 1:40am
Quoting VEEFX
(will remove the other two pairs from my images from future posts)
FB on H1... looks like it will drop hard

EDIT: Anticipation - gbpcad is going to touch 1.60'00' level before london open.
Attached Image (click to enlarge)
Click to Enlarge Name: SnapShot032 2010-09-21.jpg Size: 213 KB
Attached Image
Staying in my lane...
  • #2,652
  • Sep 22, 2010 1:40am Sep 22, 2010 1:40am
Quoting VEEFX
FB on H1... looks like it will drop hard

EDIT: Anticipation - gbpcad is going to touch 1.60'00' level before london open.
Good afternoon, VEEFX and all readers

Yes I am now logged in.

I wish you the best with trades.

Please post when you enter trade.

For gbpcad 1hr, I already see volatile breakout happening.

I will be on the standing line watching as well.

http://img42.imageshack.us/img42/243...10100143pm.png

Sincerely,

Graeme
  • #2,653
  • Sep 22, 2010 1:43am Sep 22, 2010 1:43am
Quoting pipEASY
Good afternoon, VEEFX and all readers

Yes I am now logged in.

I wish you the best with trades.

Please post when you enter trade.

For gbpcad 1hr, I already see volatile breakout happening. Please refer to 5min chart.

Look for confirmation.. Where do you think it will be..?

I will be on the standing line watching as well.

Sincerely,

Graeme
Welcome Graeme. I am glad you could join us. gbpcad action on 5M entries continues as per my recent updates to previous post
Staying in my lane...
  • #2,654
  • Sep 22, 2010 1:47am Sep 22, 2010 1:47am
Not sure if you guys are watching or care but G/J, U/J are looking kind of interesting.
  • #2,655
  • Sep 22, 2010 1:49am Sep 22, 2010 1:49am
Quoting thx1139
Not sure if you guys are watching or care but G/J, U/J are looking kind of interesting.
G/J was my first selection/preferred pair for tonight.
Staying in my lane...
  • #2,656
  • Sep 22, 2010 2:01am Sep 22, 2010 2:01am
Out of gbpcad, gbpjpy, usdjpy

I would personally choose usdjpy.

I know what most traders feel as soon as they open usdjpy on 4hr/1hr. They think they are too late when infact the best moment to trade is approaching.

Why do you think I think otherwise to most traders?
  • #2,657
  • Sep 22, 2010 2:01am Sep 22, 2010 2:01am
Quoting VEEFX
FB on H1... looks like it will drop hard

EDIT: Anticipation - gbpcad is going to touch 1.60'00' level before london open.
Allow me to beat myself up by entering too early again. 1st trade for GBPCAD stopped at BE and 2nd trade @ 1.6028 is currently running -10 pips.

Graeme: H1 just closed within the green zone you identified. Would you take a new short entry at 50% fib of previous H1 candle?
Staying in my lane...
  • #2,658
  • Sep 22, 2010 2:04am Sep 22, 2010 2:04am
Quoting VEEFX
Allow me to beat myself up by entering too early again. 1st trade for GBPCAD stopped at BE and 2nd trade @ 1.6028 is currently running -10 pips.

Graeme: H1 just closed within the green zone you identified. Would you take a new short entry at 50% fib of previous H1 candle?
Well done, VEEFX.

Please do not beat yourself up. No one is going to critize you for your efforts.

VEEFX, you repeated same mistake twice now.

What is it?
  • #2,659
  • Sep 22, 2010 2:04am Sep 22, 2010 2:04am
Quoting pipEASY
Out of gbpcad, gbpjpy, usdjpy

I would personally choose usdjpy.

I know what most traders feel as soon as they open usdjpy on 4hr/1hr. They think they are too late when infact the best moment to trade is approaching.

Why do you think I think otherwise to most traders?
Interesting... Is it because the previous 2 H4 candles closed below 200ema with no upper wicks? i.e. There are no Buyers of U/J in the market.
Staying in my lane...
  • #2,660
  • Edited 2:13am Sep 22, 2010 2:07am | Edited 2:13am
Pardon me to ask, Graeme.
Many say GRP pairs are very aggressive.
Thus the SL should be set "larger" than normal pairs.
In your opinion, as of this exercise, do we have to increase the SL or stay 20?
Thank you for your time.
Regards

edit: sorry I meant GBP
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