Building an equity millipede

i just took a trade on eurusd which i believe is a really good example of low risk entry with the consideration of a counter trade...
good luck all...

http://www.forexfactory.com/showpost...&postcount=107

Hello fellow traders,

First off I'd like to thank Graeme and everyone else for their contributions to this insightful and very helpful thread.

I just had a question if Graeme has posted the book he was talking about writing that would sum up all of his lessons from this thread.

In no way do I want to show that I'm ungrateful for all the hard work that's gone into this but I was just wondering if I missed it along the way somewhere.

Thanks,
A

not yet...but someone put all his posts in a pdf file....
http://www.mediafire.com/?nzhyiod0jk6b20c

Hi Graeme and Gang,
I have been following this thread with much interest and think it's a fabulous thread, I have not posted much as I have been busy on another trading project but have still enjoyed the thread when I could.

If possible I would like to make a suggestion before I take any action. I would kindly request that with your permission that I start another thread with ONLY 'Graeme's Trading Rules' allowed on the thread, I understand we have another trading thread to show trades. I did find the 'Millipede Trading Thread' interesting but felt the trades had many different styles. I did find very valuable information in these different styles but feel I would like to try and clarify 'Graeme's Trading Style' ONLY you understand.

The idea is we start the thread and the first few pages we discuss 'Graeme's Rule's' Only and then perhaps get them on a word or pdf doc. We then try and trade the Graeme Rules' as we see it and see how we get on. It would be absolutely wonderful if the great man could possibly pop in from time to time and maybe spank our butts, for messing up his wonderful and simple style.

I will understand if you think this may dilute this wonderful thread and if so please understand that is the last thing I wish to do.

Just a thought, thank you for your time.

NE

I like your sense of humor, lol.

Remember that Livermore lost everything and shot himself at the end.

Fun fact.

not only did he kill himself but how many times did he lose everything? people seem to forget about that.

he didn't lose everything...he started trading at the age of 14 and made his fortune with almost no capital..
he had 5 million $ worth of asset when he died but that might be seemed nothing though considering the 100 million $ that he made after the market crash in 1929...
if you start with almost no money and make it 100 million $ by the age of 37 then you're a legend no matter if you commit a suicide imho..
p.s: yes he kept losing but only whenever he broke his own rules (like adding to a losing position)

Hi All

Graeme said back in post #697 (page 47) that he was planning on compiling some "reading material". Anybody know if that has been posted anywhere ? Really would like to read, then read again, read some more etc etc... Been dabbling with Fx for 3 years. Would like to say trading but think you have to win more than lose for that !
Absolute Diamond Thread.

Thanks In Advance

the answer is just up there couple posts above...post number #3603

Thanks Nomask. I really need to take my blinkers off to benefit from everything here!

Hi guys,

could someone please tell me if the MT4 demo for FXCM is the same as the live account, as in the layout and functionality?

The reason I ask is because I find the MT4 demo for FXCM a bit difficult to work with compared to some of the other platforms I've used but I figured if Graeme is using it then I should give it a try.

Thanks guys,

A

nice thread. i m following it

MT4 is MT4 and works like it does no matter what broker you use.
FXCM has it's own tradestation platform that works well. I use MT4 for feed and to use special indicators sometimes but i do execute and manage the trades in tradestation and it works very well for me.

Dear "starving4pips" thanks for your post number 3204 page 214 it really helped me put Graeme's immense wisdom and his training to work, or at last I should say over the last couple of weeks or so finally "seeing the light". I was wondering how your perambulations were going of late.

Hello fellow traders,

A HUGE “Thank You!” goes to Graeme and everyone else for their contributions to this insightful and amazing thread. Also, Kevin's post on page 214 inspired me to generate a similar post of my own trading experiences.


Apologies up front for the long(ish) first post.

In 1998, I was EM1 (E-6) stationed at Ingleside, TX. Not satisfied with the slow growth of my Janus mutual fund, in that same year I took out $8K and opened up an account with an online broker and considered myself to be on the road to riches! I started out using a “Contrarian” newsletter, but again, these picks proved too slow for me. So, I began looking for greater returns in a faster period of time. Enter STRU.


Someone on Raging Bull clued me into the fact Struther's had shares available for .04, BUT the stock was trading at over .20, so it was a no brainer, right? Well, after sending them $5k in cash, by the time the shares were deposited with my broker the price was up to .28. BAM! I sold those shares (STRU later went to 1.75) and thought I made a fortune. Due to Raging Bull's popularity, and my onscreen personalities (I was both Penetrator and Silencer), I eventually hooked up with some big players and I was given access to things like LII (through other people's accounts). During those days, I could read LII like a book and made very accurate intraday calls on stocks (whereby hundreds of people would by and sell en masse (NO PDT rule then!)). Sadly, those days seem to be gone.


So, after making a lot of people hundreds of thousands of dollars, as well as making several people millionaires, I started getting info about “future” deals. EDIG was put into my lap and I took it from .35 to 1.25. PDGM saw me buy 60k shares and sell the majority less than 36 hours later at an avg of $3.75 (I made $107K in one day. My shop, who at this time were used to me “trading all day” just sat there with their mouths open while thinking about the money “I was making.”).


Long story, short version. From August 1998 to March 2000, I took a total of $13k and turned it into over $830k. Impressed?


Well, don't be. Because I had no money management skills AND entered into highly risky stocks (ANTM and GRAD to name two), when the market suddenly changed (suddenly to me) I was unable to exit my positions (took ANTM from $6 to $1.50 (had over $250k in that one stock). When it was all said and done, I lost over $500k in 6 weeks. Needless to say, I was shellshocked. BUT, do you think I took out any money!?


I never took out one dime of profit. I knew taxes were coming in 2001, but having no idea how much I would be paying, I left all the money in the account. BTW, as a day trader would you believe I never learned about the wash sale rule(!)? What a surprise that was for me!


So, when tax time came around that year, you know I was stunned. When it was all said and done, I owed Uncle a VERY heft amount (well over 2/3s of what I still had left).


After paying my tax debt, paying my ex-wife the money I owed her, and paying a few thousand of my own remaining debts, I left the market with $22k in cash. So, in a way, you could say I “made money,” but we all know I was a freakin' fool who lost over $800k.


So, I vowed to stay out of the market “forever.”


Flash forward to 2010. I'm now a retired U.S. Navy Senior Chief. I left with $22k in savings (gee, what a coincidence), no debt, a wife in Greece (with a 2 year old boy). All I have is my pension, a disability check (am an Iraq War Veteran), and the knowledge that beyond my two college degrees, and buttload of experience from the Navy, lies future challenges and, more importantly, OPPORTUNITIES.


So, after sitting in my house for six months, I decided to get back into the market. Kinda sucks 'cuz I'm a “PDTer.” With only $10k in my account (I'm not going to put it ALL in the market!), I now realize day trading is (currently) not for me. So, I looked at options. Seems a possibility. Then, futures. And now, Forex.


I REALLY like the idea of less stress, better choices, going with the market, and reaping exponential rewards (rewarding my patience and discipline).


I most SINCERELY appreciate the time and effort made by ALL the contributors of this thread (as well as the website).


I humbly ask that I my status be upgraded though I may be very new to Forex, I am not new to the world of trading. I ask because I wish to contact a few valued members of this community in an attempt to find my own way.


Thank you, all, for any future support and advice you may offer (not only to me, but all who benefit from this forum).


Ray
http://cdn.forexfactory.com/images/buttons/quote.gif

Hello Ray,

First and foremost, may I extend a sincere thank you for your service, and sacrifices, to our country.

I found your trading story very interesting. I suppose you can be happy that you didn't have to pay the tax bill should you have cashed in at the top. A weak reward to be sure, buy hey, we traders need to focus on the positives

Although I joined the site several years back, I had only posted a couple times prior to this thread. Hopefully someone will step up, and suggest how you may be able to side step the Jr. Member status.

Best of luck going forward ... I'm just one of many who is grateful for Graeme's gifts of knowledge, insight, and inspiration.

regards ... meph

Thought would just come and say thanks to Graeme and the relative questioneers of this thread.
I'm at page 61 at the minute and working through.
copy,paste,copy,paste...
Much appreciated Graeme.
All the best

Check the attachments. Might save you some copy/paste.

More specifically, Littleknown, if you would like an all inclusive pdf (excepting the most recent #3576, p.239) of the Superman posts (kindly provided by Eklavya - kudos!), go here:

http://www.forexfactory.com/showpost...postcount=3512