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Building an equity millipede

  • #4,541
  • Jun 6, 2011 9:09am Jun 6, 2011 9:09am
  •  hansnl
  • | Joined May 2007 | Status: don't get shot trade small lots | 83 Posts
Quoting ido370
OK, will give it a go. I do have a real account, just changed to Go Markets last week (they also have an office in Holland ).
Last night 1 selected three pairs, to put orders on, and 2 of them would be in profit now. I'm gonna watch them closely and see if they continue to live this week
as long as it is a micro account you cant hurt yourself , just don't do try outs on a mini or full size account, been there done that don't be stupid..
good luck ..

hans..
  • #4,542
  • Jun 7, 2011 1:24pm Jun 7, 2011 1:24pm
Has anyone here done the daily 3X20 exercise regularly? If so, it will be nice if you can share the experience and the associated development as a trader. I am hoping there will be a few in the midst of us that have done this exercise regularly for a few months.
  • #4,543
  • Jun 7, 2011 3:20pm Jun 7, 2011 3:20pm
  •  hansnl
  • | Joined May 2007 | Status: don't get shot trade small lots | 83 Posts
http://i55.tinypic.com/1zekr29.jpg
Oops! missed the pop up to the next level after stopped out several times.
I moved my stoploss to BE after 40 a 50 pips, maybe better wait till next day or so and keep it at 100.

I cant complain because my palladium and oil leg are still alive and kicking !!
look at my paper profit after just a week trading Graeme's way.
http://i52.tinypic.com/i2ppus.jpg

distract about a 150 pip losers on stupid entry's and that's it!! leaves me with nearly 950 pips in 10 trading days!!! Could have gone on holly day as well same result . even better without the losing entry pips.

No idea if my post is read by anyone, or maybe I'm polluting this tread with my monologue? if so let me know please.

Still reading and rereading
Viva Master Graeme

hans..
  • #4,544
  • Jun 7, 2011 11:52pm Jun 7, 2011 11:52pm
Quoting hansnl
http://i55.tinypic.com/1zekr29.jpg
Oops! missed the pop up to the next level after stopped out several times.
I moved my stoploss to BE after 40 a 50 pips, maybe better wait till next day or so and keep it at 100.

I cant complain because my palladium and oil leg are still alive and kicking !!
look at my paper profit after just a week trading Graeme's way.
http://i52.tinypic.com/i2ppus.jpg

distract about a 150 pip losers on stupid entry's and that's it!! leaves me with nearly 950 pips in 10 trading days!!! Could have...
I for one think it is very interesting that you have enjoyed some success in a totally different market from forex-- please don`t stop updating us on your progress
  • #4,545
  • Jun 9, 2011 5:20am Jun 9, 2011 5:20am
  •  hansnl
  • | Joined May 2007 | Status: don't get shot trade small lots | 83 Posts
Just sitting tight now we need a nice push up to be "save" for those second entry's.
Nearly two weeks on Graeme's track and a newbie in metals I'm still absorbing the essentials of this approach.
Feels great so far , go to do some gardening now and let the trend do the hard work.

Viva Master Graeme !

regards,
hans..


http://i52.tinypic.com/4ugcio.jpg
  • #4,546
  • Edited 3:49pm Jun 10, 2011 1:49pm | Edited 3:49pm
  •  hansnl
  • | Joined May 2007 | Status: don't get shot trade small lots | 83 Posts
http://i53.tinypic.com/n16w40.jpg
this is not what Master Graeme's approach tells me to do, please dont take it as disrespect , but I need to close one of my new born legs, because of to many open position's on this small micro account.
I can't leave them open over the weekend without risking a margin call.
I will leave the palladium leg open its a more stable trend and it has an expensive spread of 50 pips ( oil spread is only 3 pips )

As a nice side effect I can now review my trading days and results for this leg. As mentioned before coming from 20 + trades a day this is a different ball game.

In total I did 19 trades for 3 survivors
16 trades died on BE or with a profit ( lost 556 pips ) ( 277 pips profit ) average 1 trade a day
the result is 279 pips lost.
closing all oil positions brought 827 pips in de bank
this makes my oil result for the last tree weeks 827 - 279 = 548 pips

Great results for my first weeks , even with some very sloppy entry's and to short stops.

Not forget to mention my palladium paper pips 840 ! with zero loser pips ..

Thanks to Master Graeme

still reading, rereading and preparing a shadow account for creating hedging possibilities next week.

regards,

hans.

ps. I opened one halve size position oil on the dip ( just had to do that ..)
  • #4,547
  • Jun 11, 2011 2:24am Jun 11, 2011 2:24am
hi graeme, this is the best tread i ever seen in my life
i am agree with your system, but i still dont understand about the BE, if you place an order using 4H,or 1D, when will you set the sl to BE? after +3? +10? +20? or in the end of candle/day? because the price always floating +-, i tried to set my be @+5 profit, but it always end at BE because the floating price, in few day i see the price is moving as my prediction, and i got nothing because my order ended in my BE, iam sory for asking this common question again, because i haven't understand about this, i have been read this thread from page 1 and i still dont understand with this sub topic, i really appreciate ur help, and i hope you will be sucessfull trader.

Sincerely
Andre
  • #4,548
  • Jun 11, 2011 4:03am Jun 11, 2011 4:03am
Quoting EmeraldEyes
me personally I move the stop to BE once it reaches as much as I've risked. Pairs differ on how many pips to risk though, then there's lot amount.. but I'd say my stops are at breakeven around 30-50 pips profit.
thx for your command sir....
if i could know, what pair you prefer to trade with this mr graeme system?
  • #4,549
  • Jun 11, 2011 8:13am Jun 11, 2011 8:13am
Hi Hansnl

Thank you for your response to my PM. I appreciate your posts and although most of your trades are not forex, they are all very educational. I think the fact that you are having success utilizing Graeme's system to trade other markets, shows the power of his method. If you do trade any forex, examples of those trades would be great.
Again thanks for your participation.
gmcc
  • #4,550
  • Edited 2:15pm Jun 12, 2011 4:57am | Edited 2:15pm
  •  hansnl
  • | Joined May 2007 | Status: don't get shot trade small lots | 83 Posts
http://i56.tinypic.com/nwzvuo.jpg


I scanned some pairs and this one looks good enough because it near a major support line and a diagonal trend line as well.

It have to bounce or break trough that's for sure.

 

  1. if it bounce I will be in tomorrow.

  1. if it breaks trough I will look for a false break trough

  1. if it takes the elevator shaft, I'm to late and reconsider later.

IMHO this hindsight set up from January on, is maybe more like Master Graeme would play the game.

please shoot at it if you like.

regards,

hans.

P.S. I checked this set-up on a daily candle chart and saw that long positions 2 and 3 are just stopped out as well. that brings the paper profit back to a 1000 pips.

  • #4,551
  • Jun 12, 2011 1:07pm Jun 12, 2011 1:07pm
hi hans,

I see you use RBS as a broker. Could you please give a link to their account opening page, here or in pm? Thanks!
  • #4,552
  • Jun 12, 2011 3:34pm Jun 12, 2011 3:34pm
  •  hansnl
  • | Joined May 2007 | Status: don't get shot trade small lots | 83 Posts
Quoting mrv
hi hans,

I see you use RBS as a broker. Could you please give a link to their account opening page, here or in pm? Thanks!
I should say have a go on Google " rbs marketindex "
  • #4,553
  • Jun 13, 2011 9:15am Jun 13, 2011 9:15am
  •  hansnl
  • | Joined May 2007 | Status: don't get shot trade small lots | 83 Posts
http://i53.tinypic.com/zu08zr.jpg

one for the longterm and the second for a 300 pips or so.
sitting tight now ( stops are @ BE so its a free ride now )

hans..
  • #4,554
  • Jun 14, 2011 2:40am Jun 14, 2011 2:40am
hi anyone try the 3x 20 exxercise? which time frame u using?
  • #4,555
  • Jun 15, 2011 9:20am Jun 15, 2011 9:20am
Quoting carat
hi anyone try the 3x 20 exxercise? which time frame u using?
Hi Carat! Graeme taught to exercise for at least 6 months on M5 trading 20pp SL 20 pp TP with following conditions:
- enter when you think it's gonna be a profitable trade (any system or any signal, even a coin toss) with those 20/20 TP/SL, but taking Long trades is only allowed when current price is above daily open and taking Shorts is only allowed when current price is below daily open.

Target for this exercise is to have at least 3 take profits every trading day.
  • #4,556
  • Jun 15, 2011 12:45pm Jun 15, 2011 12:45pm
Quoting AlexanderSV
Hi Carat! Graeme taught to exercise for at least 6 months on M5 trading 20pp SL 20 pp TP with following conditions:
- enter when you think it's gonna be a profitable trade (any system or any signal, even a coin toss) with those 20/20 TP/SL, but taking Long trades is only allowed when current price is above daily open and taking Shorts is only allowed when current price is below daily open.

Target for this exercise is to have at least 3 take profits every trading day.
Hi Carat,

I think that you should take the time to read the thread, and read the original posts from Graeme for maximum accuracy. Whilst the desire to help of the previous poster is appreciated, I would like to point out that for the 20/20 exercise Graeme never set any restrictions on the timeframe to be used (so it's not strictly M5), use whichever you want.

Kindest Regards,

Cam
  • #4,557
  • Jun 18, 2011 4:37am Jun 18, 2011 4:37am
  •  hansnl
  • | Joined May 2007 | Status: don't get shot trade small lots | 83 Posts
Quoting hansnl
one for the longterm and the second for a 300 pips or so.
sitting tight now ( stops are @ BE so its a free ride now )

hans..

Right I'm out GBP now, no surviving positions left
the short term brought me a 100 pip.
the long term died on BE.

So all ends here for GBP for now. ( the Euro keeping me busy atm. )

I need to reflect and get rid of my intra day trading habits ( with are still costing me a few pips, by jumping in and out like an idiot )

regards and good trading to all of you.

hans.
  • #4,558
  • Edited 3:28pm Jun 18, 2011 10:14am | Edited 3:28pm
  •  hansnl
  • | Joined May 2007 | Status: don't get shot trade small lots | 83 Posts
I've been reading and thinking a lot about this intriguing tread, and the principle keeps coming to mind that with this approach you hold both ends of the stick.
As long as you keep your ass covered by excellent entry's on the extremes long and short.
There is no way you can loose, worst case with extremely violent volatility going 300 pips up and 900 pips down in 30 minutes when your out sailing, wiping out all your soldiers long and short you still end up break even!!
it's what Master Graeme stated somewhere “ they wish to think less, and ironically you are at the right place”
So the approach is simple and clear, its sure that's us the trader who is the unreliable risk factor trying to make money in the daily noise.


Better start doing my Yoga exercises before opening my chart's and I mean this seriously.


Still reading,
regards
Hans..
  • #4,559
  • Jun 18, 2011 4:09pm Jun 18, 2011 4:09pm
Hi,
Thank you for that info.I do hope that Sir G is strong inside out.To me it seems this thread is dying due to his absence .And it is sadden http://www.forexfactory.com/images/icons/icon8.gif becoz this thread really change my trading perspective for something bigger and better in forex.Call Vee and others,lets keep this alive.


sincerely,
Adeshina.
  • #4,560
  • Edited Jun 19, 2011 12:07am Jun 18, 2011 8:28pm | Edited Jun 19, 2011 12:07am
Quoting hansnl
I've been reading and thinking a lot about this intriguing tread, and the principle keeps coming to mind that with this approach you hold both ends of the stick.
As long as you keep your ass covered by excellent entry's on the extremes long and short.
There is no way you can loose, worst case with extremely violent volatility going 300 pips up and 900 pips down in 30 minutes when your out sailing, wiping out all your soldiers long and short you still end up break even!!
it's what Master Graeme stated somewhere “ they wish to think less, and...
Hi Hans,

All you say above sounds great when reading the thread. Clearly it is not that simple though otherwise there would not be so few people having great success with the method.

I've been attempting this approach since this threads inception and some problems I have encountered are:
- Prime entries not occurring when I am at the computer screen, either due to the prime entries happening outside of my timezone or simply not at the screens at the right time.
- Over-trading when using the 5min timeframe
- Taking too many small losses from the 5min timeframe
- Stacking too aggressively
- Not stacking aggressively enough (only known with the benefit of hindsight!)
- Difficulty easily keeping track of multiple markets
- A whole array of psychological challenges to be addressed due to trading both long/short, adding to winners, taking many many BE/losers, waiting for your next big winner

In summary, I have had success applying the core principles of participating regularly, add to your winners, and trading with the main trend. But I have not had any success implementing the details of these principles; such as entry approaches, BE trade management, or adding to winner approaches.

With kind regards,
MK
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