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Building an equity millipede

  • #4,261
  • Feb 15, 2011 6:14am Feb 15, 2011 6:14am
Just go to the post and click on "Edit" button on lower right side beside "Quote" button

[quote=VEEFX;4397497]

P.S. Unless someone knows of a way this forum allows to edit my previous posts, I feel I am cluttering this thread so won't be posting my frequent analysis from now on. I am not sure if they add a lot of value. Perhaps an end of week update should suffice going forward
  • #4,262
  • Feb 15, 2011 10:40am Feb 15, 2011 10:40am
Okay Folks. I just received my first objection to live commentary via a private message from a 'Clutter Control Cop'. As I made an open promise to stop my commentary in this thread here... http://www.forexfactory.com/showpost...postcount=4227

"PS If any single reader has a problem with my commentary, please pm me and I will stop my posts. This still remains a learning exercise to explore the powers of this trading philosophy and minimize it's weakness and challenges."

I won't be posting my frequent progress here anymore. Good Luck Everyone !!!
I will be taking a step back until Graeme joins us again.
Staying in my lane...
  • #4,263
  • Feb 15, 2011 11:27am Feb 15, 2011 11:27am
Quoting VEEFX
Okay Folks. I just received my first objection to live commentary via a private message from a 'Clutter Control Cop'. As I made an open promise to stop my commentary in this thread here... http://www.forexfactory.com/showpost...postcount=4227

"PS If any single reader has a problem with my commentary, please pm me and I will stop my posts. This still remains a learning exercise to explore the powers of this trading philosophy and minimize it's weakness and challenges."

I won't be posting my frequent...
Hi Vee,


In my view, you are not cluttering anything. You are doing great job by sharing what you do in real trading life (applying Greame's teaching). Please continue to do this live commentry. I am sure many guys like what you are doing..do you want to stop just because one fella's objection? Think about majority.

My advice, continue to do until Graeme tells you to stop.
-happyTrading, maaj-
  • #4,264
  • Feb 15, 2011 12:48pm Feb 15, 2011 12:48pm
Hi VEEFX, I was finding your analysis to be of assistance to me. I don't remember authorising a "Clutter Control Cop" to speak on my behalf. It would be a loss to this thread, which I have followed from day 1, if you didn't continue to post.

Len
  • #4,265
  • Feb 15, 2011 3:51pm Feb 15, 2011 3:51pm
Quoting VEEFX
Okay Folks....
--------------------------------------------------------------------

Hello VEEFX

I do NOT think you should stop because, you were the "chosen" one by Graeme to take part in showing this great system. As far as I see it you should mail your outcomes because they are truthfully valuable to me and many others following this thread. I am thankful you are willing to post.
To build up a millipede takes time and therefore it is interesting to see your work in progress. Please keep up and don't let yourself be bothered by anyone.

Also I am thankful to Graeme for showing to let grow my own millipede. One day I will give my part of the promise and would like to invite Graeme for a very very good wine or beer here in Switzerland together with some cheese and a wonderful view of the Alps.

At the moment I am learning to get rid of my fear by leaving the trades open, even when eventually good profits fade away. This is most difficult for me and thus I am not ready - until then I learn and practice. Second is the stacking part which I more and more are able to commit to. It takes time and see enhancements. My biggest millipede was about 512pips, not as big as yours VEEFX ;-)

Keep up going. Wish you all prosper and long life

Mike2Tango
mike
  • #4,266
  • Feb 15, 2011 7:07pm Feb 15, 2011 7:07pm
Quoting VEEFX
Okay Folks....
Hundreds read and learn from your posts. You want to stop because of one or a few people?

Olu
If you think you can or cannot do it you are correct
  • #4,267
  • Edited 7:48pm Feb 15, 2011 7:25pm | Edited 7:48pm
But Olu, don't you think that it's concerning that so many are looking for an idol instead of minding their own trading ? Certainly trading can only be learned by doing it (and doing it on a live account), rather than watching someone else's charts. I'm saying doing it on a live account because I wouldn't wake up at 2 or 4 AM when I receive a price alert on my mobile to trade a demo account, there would be no motivation to do that.

Certainly what Graeme gave us is amazing, no doubt about it changed our lives, but each one of us should take that, practice, if it doesn't work, just re-read, watch Graeme's charts again, practice some more, until it works.

For me Graeme is the real master, and that's the end of it, I think that search for a new idol or someone else to follow, is really like looking for a new system, and there are too many system jumpers out there.

Kindest Regards,

Cam
  • #4,268
  • Feb 15, 2011 8:16pm Feb 15, 2011 8:16pm
Quoting cameron1st
But Olu, don't you think that it's concerning that so many are looking for an idol instead of minding their own trading ? Certainly trading can only be learned by doing it (and doing it on a live account), rather than watching someone else's charts. I'm saying doing it on a live account because I wouldn't wake up at 2 or 4 AM when I receive a price alert on my mobile to trade a demo account, there would be no motivation to do that.

Certainly what Graeme gave us is amazing, no doubt about it changed our lives, but each one of us should take that,...
Sorry... breaking my promise just this one time as my PM does not allow attaching a chart to respond to your PM... so here's why I am letting a few open positions on M5 run into negative territory following everything that Graeme has mentioned in his trading approach. Using no SL is also repeatedly mentioned in many of Graeme's posts... so nothing out of the ordinary (and I have never traded M5 timeframe or stacked such aggressively ever in my life!). Everyone needs to watch the movie 'Inception' to understand multi-timeframe based price action setups and have this trading approach a.k.a 'idea' become the most powerful force. Let it spread like a deadly virus in your thought process and 'bend' the markets with your focal interpretation.

According to Graeme, if you are not squeezing every pip out of the market by stacking aggressively when price does move in your intended direction, you are really not trading with a 'professional' mindset. Just saying... I am far far, way far from reaching that level and I never claim to be anything else than someone who is keeping an open mind to learn individually and collectively. That's all for now.

p.s. All my "Edit" button have disappeared. Someone in this forum is monitoring my post deletion activity :-(

p.s.s. Nomask, please resume the floor and keep posting your analysis while I catch a breath of fresh air. I find them extremely enlightening .

Attached Image (click to enlarge)
Click to Enlarge Name: Snap44.jpg Size: 170 KB
Staying in my lane...
  • #4,269
  • Edited 1:09am Feb 16, 2011 12:17am | Edited 1:09am
hello VEE,

i am with the majority, it is not only Graeme that makes up this thread but every contributor to this thread as well.

also, yes, Graeme is the master of this "concept" of stacking/infinite yield but the method or the "one thing" for each individual to achieve success following the same exact concept will most likely be very different.

i believe Graeme also taught about perspective and the spinning lady example. FB, nomask's entry methods and Vee's method are all a different perspective of the same concept.

honestly, to people who felt VEE is trying to be the other person to follow other than master Graeme himself, you just subconsciously shifted your perspective to think of VEE as a person of higher status than yourself.

rather than thinking about teacher versus student, think about colleagues learning from one another each with different level of understanding/success in the market.

yes, some will have more to contribute to this thread than others and yes, others will learn more than give, but in the end, it is a two way street.

disclaimer: just my perspective on the matter. if you gonna complain about it with no reason or thoughts, read the 3rd line above this one. or take it up in PM

good luck to all ^.^



edit: i just realized i didnt really contribute anything directly related to this thread, well, here goes my interpretation of master Graeme's concept

1. Low risk entries (high probability set ups)
reason needed: can afford probing or arriving at the buffet table a bit early even if you are wrong
2. Stacking
reason needed: once the cow start producing milk, milk it dry. i.e. a 200 pip drop can actually give you thousands of pips if stacked correctly
3. Hedging
reason needed: much like finding the edges of your computer table (actually, more like finding the edges of the ever expanding universe), you are sandwiching your profit or finding the edges of the low/high points of the market, so that even if do nothing, your profit is locked at its current state (minus carry overs, maintainence fees etc etc). this part takes the longest time, but once we all get there, like master Graeme said, sloppy entries can be done and i believe this is the reason why/when it CAN be done.

p.s. in order to delete posts, click on edit button for your post and there should be a delete button next to the go advanced button. thanks to nomask for pointing it out to me
  • #4,270
  • Feb 16, 2011 8:16am Feb 16, 2011 8:16am
Quoting VEEFX
I will be taking a step back until Graeme joins us again.
Just wondering where has Graeme gone to?
  • #4,271
  • Feb 16, 2011 8:51am Feb 16, 2011 8:51am
Quoting VEEFX
Sorry... breaking my promise just this one time as my PM does not allow attaching a chart to respond to your PM... so here's why I am letting a few open positions on M5 run into negative territory following everything that Graeme has mentioned in his trading approach. Using no SL is also repeatedly mentioned in many of Graeme's posts... so nothing out of the ordinary (and I have never traded M5 timeframe or stacked such aggressively ever in my life!)....
hello Vee..well done with your last journey..
BUT
As they say "true friend tells the painful truth unsparingly"...
take me as your true friend and with all due respect let me add some points..
1.I saw the very first positions you opened and as far as i remember some of them required over 30 pips stop loss to survive..
I don't think this is what Graeme (and humbly I) did...His average stop was 10 pips or less and
2.yes he had no stop most of the time but the reason was that he was using such tight stop (most of the time visual) so he wanted to make sure he doesn't get stopped out because of sudden price fluctuations or spikes.
3.another thing is he did stack aggressively because his capital allowed him to do so..I mean if you had 100k and trading with one lot then you would probably do the same but its not the case if you trading less than 10k with some mini lots... So if your capital is not enough to stack aggresively then its also possible to move your previous position to break even before opening a new position upon a new price action in the same direction.

And I totally agree with how Graeme did on rules above and they work out for me as well...
  • #4,272
  • Feb 16, 2011 9:04am Feb 16, 2011 9:04am
Not sure whether its fine to ask or not, but did anyone here tried using Graeme's method to trade silver -XAG/USD or gold - XAU/USD?
  • #4,273
  • Feb 16, 2011 9:13am Feb 16, 2011 9:13am
and here is my 1 chart...
explaining all my ideas..
http://www.screencast.com/users/noma...5-55357092ef5a
  • #4,274
  • Feb 16, 2011 11:41am Feb 16, 2011 11:41am
Quoting nomask
and here is my 1 chart...
explaining all my ideas..
http://www.screencast.com/users/noma...5-55357092ef5a
I am certainly not ignoring these recent posts and pm I received. Currently busy at work so definitely respond with my perspective on recent comments made by some. Quickly wanted to share my interpretation for now. For those who think trend is changing, I strongly feel we are still in the downtrend on MN, WK and D1. Unless Daily closes above the close of previous down candle, I will continue to stack. If it does close above, plan is to close half my open positions and let the rest die on BE.

Here's another example of M5 trade... will share further insight on 'being risky', 'aggressive stacking style' and 'not following "Graeme's approach" ' comments made earlier. It is quite the contrary imho.

Attached Image (click to enlarge)
Click to Enlarge Name: Snap47.jpg Size: 141 KB

EDIT: Red line is my 'caution area'. I think price will respect it but I don't expect anything... just an anticipation at this point.

EDIT1: Someone please tell me if Graeme has mentioned anywhere in his thread 'how much space' to leave for SL. Unless I am mistaken, it's 100% discretionary based on your own focal interpretation.

EDIT2: Just entered SL @ 1.35920 for the two recent positions as I am unable to watch M5 timeframe closely for next few hours.
Staying in my lane...
  • #4,275
  • Feb 16, 2011 1:35pm Feb 16, 2011 1:35pm
Allright everybody..
This is my final post in this thread.I had great experience in this thread thanks to Graeme and totally improved my trading skills for better.
My final words will be:
1.Do not close your eyes to the charts once you made your hindsight always try to understand "what might happen in both directions"
2.Don't let your winning trades make you blind.When I first started trading 4 years ago I made my 1.000 usd into 1.500 usd in a week..sounds impressive eh?But that was the time i realized that i was just lucky and had no idea what i "really" was doing.I stopped trading alive (although my first and only trade made %50 increase on my capital) and went back to demo trading.
3.One thing never happened in this 4 years is i never blown an account but sure no guarantee for future..So I can tell the things that kept me away blowing my accounts.
"DO NOT OPEN A SECOND POSITION IF YOUR FIRST ONE IS IN LOSS"
"STAY AWAY FROM MARTINGALE KIND TRADING DOESN'T MATTER YOU USE FIXED LOT OR NOT"
you open a trade it goes over 40 pips against you with no stop (even no mental stop) and you open another one you think price will reverse from that point..again with no stop!...
Why?..
because you look at your previous green pips still on and feel you're secured..
Why?
because you think market has to work through your bias..
BELIEVE ME IT DOES NOT WORK THIS WAY..
this is what i posted earlier..(You can see I even had a short trade (still on) even though I was talking about a long scenario)
http://content.screencast.com/users/...02-16_1658.png
You can see nothing looked bullish at the time..Price was making lower lows..
But look at it now..
http://www.screencast.com/users/noma...f-4ea069792b19
So what it means???
I'm a super analyser??
of course not I just try to cover both scenario "TO BE PREPARED FOR ANY DIRECTION".
--------------------------------
The fact is I do not completely follow Graemes method but I learnt alot from him and I know what he is doing..
--------------------------------
I believe I've had enough time in this thread and Its been pleasure to learn and help out here..
But without Graeme this thread is not going anywhere and people feel or being taught that they can't talk or share but only Graeme can.
I'll start my own thread as I get some more spare time and will see you guys later..
GOOD LUCK EVERYONE.
Thanks to Graeme,deep,maaj,veefx,wang,midk,cam,simple,zoli and others
  • #4,276
  • Feb 16, 2011 4:27pm Feb 16, 2011 4:27pm
Quoting nomask
Allright everybody..
This is my final post in this thread.I had great experience in this thread thanks to Graeme and totally improved my trading skills for better.
My final words will be:
1.Do not close your eyes to the charts once you made your hindsight always try to understand "what might happen in both directions"
2.Don't let your winning trades make you blind.When I first started trading 4 years ago I made my 1.000 usd into 1.500 usd in a week..sounds impressive eh?But that was the time i realized that i was just lucky and had no idea what...
Nomask - I for one will be sorry to see you leave this thread. Your contributions have helped me considerably in learning to implement this method.

It is a great pity that a small minority (one?) have discouraged you, Veefx and others from continuing to post their valuable contributions for the rest of us to learn from. If they don't want to read them, they can easily skip them.

It is unfortunately clear that Graeme is no longer making regular contributions to this thread. Without contributions from people who are trying to learn to implement Graeme's teachings, this thread is almost certain to die.

I hope I (and others) can persuade you to change your mind, and continue to post in this thread, for the benefit of those of us who have an open mind, and want to learn.

Either way, thank you for your contributions.

Alan
  • #4,277
  • Feb 16, 2011 4:31pm Feb 16, 2011 4:31pm
Quoting VEEFX
Sorry... breaking my promise just this one time as my PM does not allow attaching a chart to respond to your PM... so here's why I am letting a few open positions on M5 run into negative territory following everything that Graeme has mentioned in his trading approach. Using no SL is also repeatedly mentioned in many of Graeme's posts... so nothing out of the ordinary (and I have never traded M5 timeframe or stacked such aggressively ever in my life!). Everyone needs to watch the movie 'Inception' to understand multi-timeframe based price action...
Vee,

I notice on your screen captures that you have an indicator that shows trade entries and exits as small arrows with a dotted line between them. Is this an MT4 indicator? If so, can you tell me where I can get it?

Thanks,
Alan
  • #4,278
  • Feb 16, 2011 8:52pm Feb 16, 2011 8:52pm
Nomask,

It is so unfortunate that you’re leaving this thread .
I do hope you’d reconsider and stay.

Anyhow, a big thanks to your big efforts here.

Please let me know when your own thread is up and running.

Have a nice day.
  • #4,279
  • Feb 16, 2011 10:07pm Feb 16, 2011 10:07pm
Quoting Alan0810
Vee,

I notice on your screen captures that you have an indicator that shows trade entries and exits as small arrows with a dotted line between them. Is this an MT4 indicator? If so, can you tell me where I can get it?

Thanks,
Alan
On mine, its not an indicator. Its built into MT4.
Display your Account History down on the bottom tabs. Then drag your trade you want to display onto your chart. Bingo.

Watch out for chart pairs changing to what you traded. It still leaves the trade objects from other pairs you display in your chart data. You can clean them out by Ctrl+B & edit out the groups you dont want.

cheers scalpz
Target 2 : Stoploss in the green
  • #4,280
  • Feb 16, 2011 10:10pm Feb 16, 2011 10:10pm
Quoting scalpz
Its not an indicator. Its built into MT4.
Display your Account History down on the bottom tabs. Then drag your trade you want to display onto your chart. Bingo.

Watch out for chart pairs changing to what you traded. It still leaves the trade objects from other pairs you display in your chart data. You can clean them out by Ctrl+B & edit out the groups you dont want.

cheers scalpz
I use trade history indicator developed by 7bit member. You can download via Google search "7bit trade history".
Staying in my lane...
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