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  • #3,401
  • Nov 2, 2010 9:16pm Nov 2, 2010 9:16pm
That was amazing.

Thanks for the insight Graeme.

Dan
  • #3,402
  • Edited 1:53am Nov 3, 2010 12:28am | Edited 1:53am
Hi Graeme,

Quite an impressive real time demonstration. You make it look so easy. Unless I am mistaken, isn't this a somewhat different style for you? Unless I am mistaken I seem to remember you starting at higher time frames before dropping to 5min for entry. Are you talking about TP at 100 pips just as an arbitrary point for demonstration purposes?

What are you looking at for exits with this method? Are you just looking to establish long term millipede legs or are you looking to exit when you gain perhaps 100+ pips and then price action goes against you?
  • #3,403
  • Nov 3, 2010 1:23am Nov 3, 2010 1:23am
Thank you for your continued interest.

I had to take a nap before continuing.

Update.

eur/usd 4hr

http://img30.imageshack.us/img30/7268/aa1xc.png

Im now looking for buy opportunties.

Looking for sellers to run out of steam before I start opening buy positions.

Never marry a direction.

While many traders are looking at sell opportunities while the market is moving down, I prefer to be already in the market before the main action starts.
  • #3,404
  • Nov 3, 2010 2:21am Nov 3, 2010 2:21am
Quoting hubbahubba
Hi Graeme,

Quite an impressive real time demonstration. You make it look so easy. Unless I am mistaken, isn't this a somewhat different style for you? Unless I am mistaken I seem to remember you starting at higher time frames before dropping to 5min for entry. Are you talking about TP at 100 pips just as an arbitrary point for demonstration purposes?

What are you looking at for exits with this method? Are you just looking to establish long term millipede legs or are you looking to exit when you gain perhaps 100+ pips and then price action goes...
Good question.

I trade only the higher timeframes however I have received many requests for a trading approach on the lower timeframe as most dont see the necessity or the need to hold onto positions over a long period of time.

Many of the readers cannot stomach the thought of closing only half of positions that are in profit and keeping the rest over a prolonged period for growth.

Hence, Im showing everyone how a simple price action on intraweek can also be profitable. To meet most traders threshold and my personal trading methodology, I keep just 1 of the larger legs at every bundle of position.

You might wonder why everything seems to work with Graeme?

Without any notion of self egoness, Im confident I can trade any setup, any timeframe, any indicator (or no indicator) and still produce profit within my skill set. And Im trying to help everyone to also do what I do. However everyone includes all the traders in this public forum with different skill level, experience and threshold.

Nothing has changed for myself; the price action interpretation, intention to keep positions indefinitely.

Everything Im showing from Monday is same to what I do on higher timeframe. Just the scale has changed to smaller timeframe so it is now more suitable for the majority of the readers as per request upon request.

Hopefully Im helping.

Update.

eur/usd 4hr

Nice europe open. I missed the volatile breakout up. This move closed 4 of my sell positions. Nothing I can do except when entering positions it is best to have them closer to the open of the candle.

http://img824.imageshack.us/img824/3397/aa1c.png

Still looking for buy opportunities but it seems I have missed a good burst. No need to chase a bus that has already left. I wait for the next one.
  • #3,405
  • Nov 3, 2010 2:45am Nov 3, 2010 2:45am
Just to further answer to Hubbahubba as I had missed it out in my previous answer.

I AM still taking hindsight from the higher timeframe first before taking trades on 5min chart. Just like we always talked about.

This was Monday eur/usd.

I had 4-5 sell positions. Why? My price interpretation on 5min timeframe is same as any other timeframe. And what does my price interpretation indicate on Monday?

http://img816.imageshack.us/img816/1274/aa1j.png

So, on Monday (look back few of my posts, its there)

I took sell positions only as per my hindsight on 4hr timeframe.

Lets look at yesterday, Tuesday

http://img530.imageshack.us/img530/1583/aa1m.png

So, yesterday what did I do? I started buying (look back few of my posts, its there)

Someone asked me if it really is that simple to buy when its up and sell when its down.

....yes it is.

Today, there is an exhaustion of buyers. If I were to sell this is the best time to sell. I just went with the flow and sell sell sell

http://img534.imageshack.us/img534/8232/aa1k.png

At the moment then?

http://img34.imageshack.us/img34/4619/aa1fx.png
  • #3,406
  • Nov 3, 2010 2:48am Nov 3, 2010 2:48am
Hi Graeme,

really great work you are doing here.
I'm a silent reader for some weeks now and have taken a lot of inspiration from your postings.

But if I had only one wish:
Could you please save your images in jpg format and not png .
It takes a really long time to load a page with such a lot pictures on it.
jpg is around 10 times smaller than png.

Sorry for disturbing you with such a profane topic ....

Keep up your great work!!!

Thanx,
MaMood
  • #3,407
  • Nov 3, 2010 3:06am Nov 3, 2010 3:06am
And there is it. Volatile breakout.

Thank you for your compliments mamood. Charts are now in jpg.

http://img575.imageshack.us/img575/7794/aa1.jpg

This takes all my sell positions out leaving me with a realized loss of -72 pips for todays little selling endeavour.

Current net profit of this week is +704 pips.

Now lets stop. Lets find out why there was such big movement. There is no such thing as "yeh Graeme, Europe opened and decided to go up today."

No. There is always a price interpretation hint somewhere before it happened.

Lets have a look.

eur/usd 1hr.

Pin bar before the volatile breakout. Not every pinbar works but; small body, much longer tail, at s/r + at exhaustion.

http://img6.imageshack.us/img6/2366/aa1jl.jpg

eur/usd 30min.

http://img10.imageshack.us/img10/4118/aa1te.jpg
  • #3,408
  • Nov 3, 2010 3:13am Nov 3, 2010 3:13am
Quoting pipEASY
Just to further answer to Hubbahubba as I had missed it out in my previous answer.

I AM still taking hindsight from the higher timeframe first before taking trades on 5min chart. Just like we always talked about.

This was Monday eur/usd.

I had 4-5 sell positions. Why? My price interpretation on 5min timeframe is same as any other timeframe. And what does my price interpretation indicate on Monday?

http://img816.imageshack.us/img816/1274/aa1j.png

So,...
Hi Graeme,

I am too sleepy but your invigorating live trading posts is keeping me from calling it a night

I bet there is a reason why you have stopped displaying the timeframe in your charts. For some, it may get a bit confusing between hindsight/anticipation related Price Action versus actual PA based trade entries on M5. I really like how you are progressing with these recent trades proving to us that your approach to taking entries is really independent of timeframe. I read it somewhere that a true 'time tested' strategy must work on ALL timeframes.

Thanks!
Staying in my lane...
  • #3,409
  • Nov 3, 2010 3:20am Nov 3, 2010 3:20am
Thank you for the compliment, VEEFX.

You should take a break and rest as you have work tomorrow.

I just read your PM and will reply little later on.

You are correct, everything should work on all timeframe.

There is no such thing as one system only works for 15min timeframe but doesnt on 1hr or any others.

Sincerely,

Graeme
  • #3,410
  • Nov 3, 2010 3:37am Nov 3, 2010 3:37am
Every single timeframe tells you something.

Each timeframe is telling a story. At first you will be confused at the story 4hr chart is telling you to a daily chart.

You fail as a professional trader when you only listen to one timeframe.

Lets listen to eur/usd daily chart

http://img573.imageshack.us/img573/7794/aa1.jpg

Then eur/usd weekly chart

http://img229.imageshack.us/img229/2995/aa1vt.jpg

Look at this weeks weekly candle. 'If I anticipate that' it will go up the best place to open trades that has higher probability of surviving in the upcoming weeks is the open of the candle. Which is around now.

Can all these hints tell me that this week it will finally breakout up?

You never know until you participate on a low risk entry
  • #3,411
  • Edited Nov 4, 2010 2:29am Nov 3, 2010 3:52am | Edited Nov 4, 2010 2:29am
Long time reader of this thread been trading with nice using this method.Been trading for a year now and using a 100$ a month (stopped smoking and using those money to learn)

I got in on the EU on 1h chart and i am now on the wick of 4h and looking good.
But i see trouble area right now and hoping we will break higher. Havent stacked anything yet as the stacking has come back and bit my arse the last times i tried.

http://img199.imageshack.us/i/eutrade.png/http://img199.imageshack.us/img199/457/eutrade.png



My reasons for this trade was Pinbar and FB and CCI "oversold" in what i interpreted as an up move.

UPDATE: Stopped out at BE after a decent upmove tried one stacking ended -15 pips
The universe seems neither benign nor hostile, merely indifferent.
  • #3,412
  • Edited Nov 4, 2010 2:30am Nov 3, 2010 4:17am | Edited Nov 4, 2010 2:30am
Also did a Trade at the same time on EJ
For the same reasons

http://img220.imageshack.us/img220/2253/40108997.png


My problem so far with this trading style is that i have a hard time diversifying
I got in well on the last weeks EU uptrend and at a time i had more than doubled my account including the floating equity and i had 6 buy stacks running. But i let them all get taken out at BE as i was stubbornly sticking to letting them run. So it ended with a loss as i had paid a little to much to establish those 6 trades.

English is not my main language so sorry if all does not make sense

And thanks pipeasy for this divine thread! Never seen my account up like that before.

//joakim

UPDATE: As off now im in the green 130pips but tried a stack @114 and got taken out -20 pips on the stack.
The universe seems neither benign nor hostile, merely indifferent.
  • #3,413
  • Nov 3, 2010 5:41am Nov 3, 2010 5:41am
Quoting pipEASY
Ok. Danger is over for myself.

Sincerely,

Graeme

Hi Graeme - hope that comment relates to your general health also - glad to see you are back.

As someone mentioned earlier, with relation to latest monologue, - lights are switching on; unfortunately the brain does not always seem to be at home - not yet anyway!

Thanks

Ray
  • #3,414
  • Nov 3, 2010 7:45am Nov 3, 2010 7:45am
Quoting Pip_Pirate
...
My problem so far with this trading style is that i have a hard time diversifying
I got in well on the last weeks EU uptrend and at a time i had more than doubled my account including the floating equity and i had 6 buy stacks running. But i let them all get taken out at BE as i was stubbornly sticking to letting them run. So it ended with a loss as i had paid a little to much to establish those 6 trades.
...
//joakim
this is the reason why it is important to participate with the market in both directions. main focus for bias with the higher TF, but if PA says sell short then do. the market will judge about the positions.

Mediator
  • #3,415
  • Nov 3, 2010 8:48am Nov 3, 2010 8:48am
Thank you Graeme ! Magnificent display of price action interpretation !

Kindest Regards,

Cam
  • #3,416
  • Edited 11:50am Nov 3, 2010 10:17am | Edited 11:50am
The philosophy behind Graeme trading style is universal.

So for example I am assessing myself and the reason for trading, I want to build my equity but at the same time I want some reward for my actions. So I am diversifying at the end of the week or day while let the market decide on the remaining.

With this in mind I have achieved the reason I trade.

Thing is Graeme have a lot of capital so he does not need to reward himself intra-week or day. But for a lone soldier who has limited cash and want to see the realize bal increase. The principle in the method can be tailored.

Now for ANY pair, I'm learning to wait for Price to approach the 200ema, wait for PA (buy/sell exhaustion) then get into to gear, enter at low risk, then enter multiple times for increase reward or I can trade my favorite pair intraday. The possiblity is endless.

I'm analyzing with: Hindsight, Anticipation, participation, diversification. ( The Battle plan). It all makes sense to me.

Because the risk is small compare to the reward.

It all came together after the live example.

Words cannot explain how much Instructor Graeme means to me. But I will remain humble and at ease and say thanks to everyone here, because this is a life changing experience.

If there was a school that teaches this type of stuff I would not be able to attend because the cost would be too high. I worked full-time as a network system administrator and the cost for courses is high as it is.

Thanks again
  • #3,417
  • Nov 3, 2010 11:49am Nov 3, 2010 11:49am
Hi pipEASY,

Thanks for the sharing your system. I just drop last week in your thread.

Kindly advise if the orange horizontal you made in your chart it mean a candle which being engulfing by the next candle ? or its have other meaning ? since I see sometimes the orange line you put below the candle or above the candle ?

Sorry for my bad english.

Thanks,


Quoting pipEASY
Thank you for your continued interest.

I had to take a nap before continuing.

Update.

eur/usd 4hr

http://img30.imageshack.us/img30/7268/aa1xc.png

Im now looking for buy opportunties.

Looking for sellers to run out of steam before I start opening buy positions.

Never marry a direction.

While many traders are looking at sell opportunities while the market is moving down, I prefer to be already in the market before the main action starts.
  • #3,418
  • Nov 3, 2010 12:16pm Nov 3, 2010 12:16pm
Hi Graeme,

I've been trading this method of yours this week and and to tell you the truth I was a bit frustrated with it this morning when I woke up to yet another break even, after mostly small losses and break evens all week. Now I understand that this is the nature of this method, but the psychological aspect is still the greatest hurdle to get over, but I am sticking with it and continuing to trade with the following in mind:

1. Participation, personally I trade only EU, and enter on 5M PA.

2. I have been trading both sides, short and long, hoping to catch a break.

3. Small risk entries, that I build on or set to BE depending on PA.

4. Logging each trade and managing each trade as it's own "bundle", a bit of work, but worth it.

Thanks again for all of you time and input. I'm sticking with it, and look forward to getting past these psychological hurdles of mine.

JP
  • #3,419
  • Nov 3, 2010 12:37pm Nov 3, 2010 12:37pm
Quoting pipfirst
Hi pipEASY,

Thanks for the sharing your system. I just drop last week in your thread.

Kindly advise if the orange horizontal you made in your chart it mean a candle which being engulfing by the next candle ? or its have other meaning ? since I see sometimes the orange line you put below the candle or above the candle ?

Sorry for my bad english.

Thanks,
Hey pipfirst..the orange lines represent open price for the day...
  • #3,420
  • Nov 3, 2010 1:03pm Nov 3, 2010 1:03pm
Hi Graeme,
Note you have an 'emergency exit' ea running which presumably you switch on to close initial entries quickly when against you! Good idea!
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