Build an Equity Millipede with the filtered Flying Buddha

Order has been hit and now moved to BE

BE stoploss hit but new order opened at 50% fib. Price is at 83.28 with a stop at 82.95

Order moved to BE +2. New order entered at 50% fib at 83.66 with a stoploss at 83.31.

Attached pic also shows some nice banners and flags showing on this uptrend.

Last entry was stopped out along with BE entry...sigh

I've entered a new buy stop at 83.67 with a stop at 83.49. We've had a nice bounce off that flag patter top so let's hope it continues up.

Latest buy order was hit and I've moved to BE +2 this morning. Will update with next entry.

New order at the 50% fib at 83.98 with a stop at 83.78

Stoploss hit on last order.

Okay. I've placed a new buy stop order at that same 50% fib to see if we can catch it coming back through...if it does.

Equity slowed down in range a bit ?

In my opinion with trend as you catch on U/J you(we) should to make much more pips and what is more important- loose less.
As well you catch that trend very early which is excellent.

It was almost 2 months of compiling uptrend with some range lately. Its even hard to find so "vertical" trends these days in market.

Sooo..you will soon come to an old idea .... "yea, we have to tighten entries, make it BE after maybe 20pips, and trade only with flow and momentum in direction of daily/weekly".

However...continue some time more to follow Joe method to see if you will continue to grow or we float in flat space.

Wish you the best...

Hey spyderman,

Could you post a zoomed out chart of daily maybe, so I can see all you positions ?

Hi,

are you still trading this method? I've read all the thread and it looked really promising. Please update!

best

Sorry I haven't been by in a while. To answer you're question, no, I'm not pursuing the FB right now. For me, it was giving too many false readings and not enough indication on when to enter the trend.

I've started a new strategy that is showing a lot of promise on this thread:
http://www.forexfactory.com/showthread.php?t=361688

Stop by and take a look if you're interested. The trade explorer is from this strategy.

Thanks,