DislikedFurther thought process (reasoning?) on why I took this entry position.
PnL: +5 Pips Go Guppy !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!Ignored
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Staying in my lane...
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DislikedFurther thought process (reasoning?) on why I took this entry position.
PnL: +5 Pips Go Guppy !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!Ignored
DislikedUpdate: Still waiting for a clear confirmation... although just missed one from the previous H1 candles as a good trigger to go short. My thoughts illustrated in the attached chart.
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DislikedZoomed out view and anticipation in the attached chart illustration. Not a whole lot of action at NYSE close (I was hoping for a downward continuation)
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Dislikedhey Vee,
really enjoying your writtings,
this slow time has been good for you, i sense calm in your writtings atm, calm is good, you dont seem in a hurry to jump in, graeme would be proud.
i myself have gone short on this pair as well,
i took entry when price came back to the open of the previous 4hr bar, i also have an entry at the low of that bar(IB) that hasn't triggered yet.
keep up the good work
cheers
geoffIgnored
DislikedRegarding the October regulatory changes, I'm not sure leverage is the real issue as we trade this strategy. I believe the real issue is the rule "First-In-First-Out" (FIFO). This means as we stack entries, they will have to be taken out in the order they were placed in. So.... the legs allowed to continue for the greater gains will have to be the last trades placed (which have less leg room and less margin for error than the first entries.Ignored
Dislikedreally? How would it affect profitability or outcome of this strategy with the FIFO rule? You just have to maintain your own trading log in excel and manage your legs outside of your trading platform....Ignored
DislikedI just asked this question on the millipede trading thread since it has not seemed to be discussed much here. Since it is brought up here I will ask as well.
What are people actually doing to address these limitations. I get FIFO doesn't matter to the success of the plan but Hedging is pretty important. Do people use a complicated system of entry orders or just have 2 accounts? If 2 accounts then do they use the same broker? Maybe a MT4 platform and then a native client platform.
ThanksIgnored
DislikedFurther thought process (reasoning?) on why I took this entry position.
PnL: +5 Pips Go Guppy !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!Ignored
DislikedHi Vee
I'm just curious as to what happened to the 5000 account that was being traded for the purpose of this exercise? It seems now it's a 10000 account judging from this last post. Are you showing both demo and live?
Thanks for your continued efforts. . .
Confused.Ignored
DislikedHi all,
I have selected nzdjpy pair for tonight. It has some good momentum going on at the moment. i ma tempted to get into a trade right away but decided to wait for a confirmation. I think H4 candle closing below 200ema would be a good confirmation to short this pair. My hindsight is short on monthly, long on weekly, short on daily, H4 and H1 timeframes.
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DislikedHi all,
I have selected nzdjpy pair for tonight. It has some good momentum going on at the moment. i ma tempted to get into a trade right away but decided to wait for a confirmation. I think H4 candle closing below 200ema would be a good confirmation to short this pair. My hindsight is short on monthly, long on weekly, short on daily, H4 and H1 timeframes.
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DislikedGood evening/morning all,
I have been waiting for a confirmation of nzdjpy pair since London open. Looks like we are heading south. My chart illustration attached for your input.
Thought Process at the moment: I think I need another 'filter' to my confirmation i.e. wait for see where the candle closes in regards to the previous candle open/close levels. My past confirmations would have stopped out my trades just like on previous pairs.
Hope Graeme gets to join us tonight.Ignored
DislikedFurther thoughts on H1 candle timeframe in the attached chart illustration. Hope I am making sense explaining what is going on in my head when I placed the entry order.
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