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Building an equity millipede

  • #3,021
  • Sep 28, 2010 1:19am Sep 28, 2010 1:19am
Good evening/Morning Graeme and fellow traders,

I plan to stay on the sidelines tonight and take a break from live trading. Unfortunately, I have an early morning commitment tomorrow.

I looked at all available pairs near/approaching 200ema and looks like cad/jpy is getting prime for a short setup on H4. As I am avoiding jpy pairs this week, my choice of pair on watchlist tonight would have been gbpnzd. It's been ranging for a long time and is ripe for a breakout soon. It 'needs to' breakout soon away from 200ema. I don't see a clear bias towards long or short yet. So let's wait for a clear breakout from the current range and make a decision on direction based on what we see after the breakout. With some help from forum members, I have been able to make email alerts work in MT4 and have set alerts appropriately on this pair.

Good night everybody.
Staying in my lane...
  • #3,022
  • Sep 28, 2010 1:54am Sep 28, 2010 1:54am
Whew, finished the thread, can someone tell me which post Graeme mentions 200 ema started on, I've seem to have missed it?

Thank you to pipeasy and other positive contributors to this thread, what an amazing journey and a real eye opener.

Wicks, ascending/declining slopes, entry methods and reading price bar by bar post 1382 ... just amazing, straight forward, common sense stuff.
  • #3,023
  • Sep 28, 2010 2:11am Sep 28, 2010 2:11am
Just good sharing on what to expect from entry..

http://www.forexfactory.com/showpost...4&postcount=19
  • #3,024
  • Sep 28, 2010 4:10am Sep 28, 2010 4:10am
Hello,

I thought that at this stage it was more for Vee to post his trades, and Graeme to add his comments on those, but everyone is posting charts and comments not necessarily related to this exercise making it hard to follow the thread.

As far as I remember there was a second thread created specifically for charts, discussions outside the scope of this main thread etc, so would be good if these "extra" things would be posted there.

Kindest Regards,

Cam
  • #3,025
  • Sep 28, 2010 4:47am Sep 28, 2010 4:47am
Quote
As far as I remember there was a second thread created specifically for charts, discussions outside the scope of this main thread etc, so would be good if these "extra" things would be posted there.

Flying Buddah / Sinking Buddah Candle Pattern

http://www.forexfactory.com/showthread.php?t=255537

Equity Millipede Trade Thread

http://www.forexfactory.com/showthread.php?t=255481
  • #3,026
  • Sep 28, 2010 7:33am Sep 28, 2010 7:33am
Does anyone have any trade with surviving legs from when this thread was first started? Does anyone have any trade with surviving legs older than a week?

I don't.
  • #3,027
  • Sep 28, 2010 7:37am Sep 28, 2010 7:37am
Quoting tjfxtrader
Does anyone have any trade with surviving legs from when this thread was first started? Does anyone have any trade with surviving legs older than a week?

I don't.
Yes I have a buy opened at 0.9194 on AUDUSD on past 8 Sept, now in profit for about 420 pips but I guess it was more lucky than ability :| In the meantime I tried to open other longs without the same luck
  • #3,028
  • Sep 28, 2010 8:36am Sep 28, 2010 8:36am
Quoting tjfxtrader
Does anyone have any trade with surviving legs from when this thread was first started? Does anyone have any trade with surviving legs older than a week?

I don't.
I still have one short USDCAD position alive from 8/31 (4 weeks) taken @ 1.0660. It's been ranging between +300 to +400 pips for past couple of weeks.

Kevin
  • #3,029
  • Sep 28, 2010 8:45am Sep 28, 2010 8:45am
Quoting pipEASY
http://img840.imageshack.us/img840/258/aa1h.png
Sorry guys, I was going through past posts and I've a question if someone can help me.

From the attached picture when Graeme mentions resistance here, is he referring to the pink or top orange line?

And how did he get the top orange line?

Thanks, trying not to cloud up the thread
  • #3,030
  • Sep 28, 2010 8:48am Sep 28, 2010 8:48am
Quoting pippin4me
Sorry guys, I was going through past posts and I've a question if someone can help me.

From the attached picture when Graeme mentions resistance here, is he referring to the pink or top orange line?

And how did he get the top orange line?

Thanks, trying not to cloud up the thread
Top orange line because it is the open of the previous bear candle. A close above that line would suggest that the bears have run out of steam and the bulls have taken over.

Kevin
  • #3,031
  • Sep 28, 2010 8:49am Sep 28, 2010 8:49am
Quoting tjfxtrader
Does anyone have any trade with surviving legs from when this thread was first started? Does anyone have any trade with surviving legs older than a week?

I don't.
I had some survive from 18th Aug until BOJ interference. Accidently closed a eurusd long from 3 weeks ago.
  • #3,032
  • Edited 2:44pm Sep 28, 2010 10:31am | Edited 2:44pm
Quoting tjfxtrader
Does anyone have any trade with surviving legs from when this thread was first started? Does anyone have any trade with surviving legs older than a week?

I don't.
Yes, on EUR/USD one long position took september 14th at 1.2958, 2d soldier today at 1.3458, both position = + 720 pips actually
All my thanks to Graeme and i hope he feels good

this is a live account
  • #3,033
  • Edited 11:57am Sep 28, 2010 10:44am | Edited 11:57am
Quoting zebulon
Yes, on EUR/USD one long position took september 14th at 1.2958, 2d soldier today at 1.3458, both position = + 720 pips actually
All my thanks to Graeme and i hope he feels good
I had E/J short and A/U long that I closed recently for over 400 and 300 pips respectively (to build equity). E/U long is currently going strong at 150+pips but U/J long continues to suck.

EDIT: This is in my live account
Staying in my lane...
  • #3,034
  • Sep 28, 2010 11:33am Sep 28, 2010 11:33am
I currently have 3 x 20K legs
gbp sep 6th +$747
eurjpy sep 13th +$1523
eur sep 15th +$1206
entries were not cheap so account only at 11K


I'm so happy to be able to get this to work
I'll be even happier when I can get it to work on a live account.

on my live account my oldest leg is from last friday - not yet a week
market zigzag is the biggest hurdle but it can be done
steve
Don't kill your dreams - execute them.
  • #3,035
  • Sep 28, 2010 12:04pm Sep 28, 2010 12:04pm
Quoting VEEFX
Good evening/Morning Graeme and fellow traders,

I plan to stay on the sidelines tonight and take a break from live trading. Unfortunately, I have an early morning commitment tomorrow.

I looked at all available pairs near/approaching 200ema and looks like cad/jpy is getting prime for a short setup on H4. As I am avoiding jpy pairs this week, my choice of pair on watchlist tonight would have been gbpnzd. It's been ranging for a long time and is ripe for a breakout soon....
OH MAN !!! GBPNZD dropped 200 pips when I was away from my desk. I had chosen gbpnzd last night.
Attached Image
Staying in my lane...
  • #3,036
  • Edited 12:28pm Sep 28, 2010 12:06pm | Edited 12:28pm
Quoting pippin4me
Whew, finished the thread, can someone tell me which post Graeme mentions 200 ema started on, I've seem to have missed it?

Thank you to pipeasy and other positive contributors to this thread, what an amazing journey and a real eye opener.

Wicks, ascending/declining slopes, entry methods and reading price bar by bar post 1382 ... just amazing, straight forward, common sense stuff.
It all started from this thread onwards...

http://www.forexfactory.com/showpost...postcount=2402
Staying in my lane...
  • #3,037
  • Sep 28, 2010 12:20pm Sep 28, 2010 12:20pm
Quoting VEEFX
OH MAN !!! GBPNZD dropped 200 pips when I was away from my desk. I had chosen gbpnzd last night.
Hi Vee,

If I may have a suggestion to help with the times when you are away from the desk: use notifications from the trading platform. Graeme explained in great detail his setup for notifications (the post with the VPS)... I followed the same and it works great. Price reaches a certain level that you choose, you receive an alert on the mobile phone, so wherever you are, you can get back to trading.

Kindest Regards,

Cam
  • #3,038
  • Sep 28, 2010 12:27pm Sep 28, 2010 12:27pm
Quoting cameron1st
Hi Vee,

If I may have a suggestion to help with the times when you are away from the desk: use notifications from the trading platform. Graeme explained in great detail his setup for notifications (the post with the VPS)... I followed the same and it works great. Price reaches a certain level that you choose, you receive an alert on the mobile phone, so wherever you are, you can get back to trading.

Kindest Regards,

Cam
yep... it is a must for this type of trading and it enforces patience too. I had an email alert to my gmail account and it worked. we really need a mobile trading platform instead of a mobile alert service to manage work/life balance.
Attached Image (click to enlarge)
Click to Enlarge Name: SnapShot022 2010-09-28.jpg Size: 116 KB
Staying in my lane...
  • #3,039
  • Sep 28, 2010 2:52pm Sep 28, 2010 2:52pm
Veefx can u update is on ur results upto now since you started this project with Graeme
  • #3,040
  • Sep 28, 2010 3:37pm Sep 28, 2010 3:37pm
Quoting fugly
Veefx can u update is on ur results upto now since you started this project with Graeme
Hi Fugly,

http://www.forexfactory.com/showpost...postcount=3005 has the log of my latest trade outcome.
Staying in my lane...
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