Building an equity millipede | Page 258 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Thegman's Journal (Equity Millipede Concept) 102 replies

Trading an Equity Millipede 23 replies

Equity millipede & Flying Buddha trading journal 9 replies

Build an Equity Millipede with the filtered Flying Buddha 171 replies

Application Development - Journal of Building an equity millipede 14 replies

Attachments: Building an equity millipede
Exit Attachments

Building an equity millipede

  • #5,141
  • Apr 8, 2012 2:18am Apr 8, 2012 2:18am
I believe Graeme closes a few of his smaller legs when he sense that the market might be reversing to lock in profits. However, he would have new positions growing in the opposite direction already. It was stated in one of his post. I can't pinpoint it at the moment.

Graeme mention that 500+ is ripe, and 1000+ is golden.


Quoting garyfritz
I haven't read all 5000+ (!!) posts in this thread, but I followed along for quite a while. Could someone review my understanding to see if I've got the basic idea?

* Graeme's basic concept is to jump onto trend moves, and ride them as long as possible. He says to use whatever entry methods work for you.

* He enters both long and short positions, as entry opportunities present themselves. Eventually the market moves and takes out the positions on one side or the other, and that tells you which direction things are going. He tries to minimizes...
Yes, I do enjoy eating bananas. Very much.
  • #5,142
  • Apr 8, 2012 7:24pm Apr 8, 2012 7:24pm
I was reading Graeme's posts for the nth time and it struck me that this person has done so much for wannabe traders without expecting anything in return. Also, he is so earnest in wanting all to succeed that it comes through his posts. He must have spent countless hours thinking about his posts and then writing them down. I am amazed with this selfless act of giving and wonder what his motivation could be.
I don't know if he would ever be back to read this but if he does,
Hats of to you Graeme and thank you for all you have done for us!!
  • #5,143
  • Apr 11, 2012 6:40am Apr 11, 2012 6:40am
Thank you very much graeme and other traders that gives intensive lesson on this forum. I ve beem reading posts on this thread for some months now and i have been successful in implementing the flying buddah in my entry methology. I traded this method for some week and i have a great return from it. Though I am trading one side of the coin i still have opportunities most of the days. I am using 5 and 10 ema as driscrined by joe wth RSI in daily timeframe to measure the momentum and the direction of the trend. I only use my eyes and my brain to enter trades.......EMA and RSI is just for guide. I start my trade during London session and end it during US session or when the momentum die off. I still have the intention to start diversifying my trade but now am still using the method that works for me.
  • #5,144
  • Apr 24, 2012 5:31am Apr 24, 2012 5:31am
Thank you Graeme for this thread. In my opinion it is without a doubt the most wonderful and thought-provoking on ForexFactory. I am still stuck trying to discover my "one thing" though, hope to find my feet on that one day.
  • #5,145
  • Apr 24, 2012 12:09pm Apr 24, 2012 12:09pm
Read first 10 pages and I know I must continue reading.
  • #5,146
  • Apr 25, 2012 11:06pm Apr 25, 2012 11:06pm
Anyone have any experience or even trading statistics on entries using weekly hindsight (level 0) and then taking 5min (level 4) trades without waiting for 4hr (level 1) or even 1hr (level 3) to setup?

I've notice this a few times recently like this week in EURUSD with a bounce off of the 1.31/50% confluence. Another good example would be GBPAUD the week of March 26th with a bounce at the 1.51/50% confluence.

I will be flipping through some charts this weekend to test the theory more, but I wanted to put this on the table and hopefully get some discussion going.
Twitter: @zusch_ -- Preselecting trending pairs, stocks on a weekly basis.
  • #5,147
  • Apr 27, 2012 9:08am Apr 27, 2012 9:08am
Quoting zusch
Anyone have any experience or even trading statistics on entries using weekly hindsight (level 0) and then taking 5min (level 4) trades without waiting for 4hr (level 1) or even 1hr (level 3) to setup?

I've notice this a few times recently like this week in EURUSD with a bounce off of the 1.31/50% confluence. Another good example would be GBPAUD the week of March 26th with a bounce at the 1.51/50% confluence.

I will be flipping through some charts this weekend to test the theory more, but I wanted to put this on the table and hopefully get...
hey Zusch...
Please post some charts what your are referring to.I understand what you are saying but post some charts so that it will be clear.
I am interested in take up the discussion..

Regards
Prakash
I am a hunter...i kill both bulls and bears...
  • #5,148
  • May 1, 2012 8:10am May 1, 2012 8:10am
Hi guys !

Can somebody attach a PDF or link one (with just Pipeasy's comments !) , thats up to date? Because what I found not contains everything.
  • #5,149
  • May 1, 2012 8:35am May 1, 2012 8:35am
Not sure which one you have, but this is the most up to date for me. Pip Easy hasn't been around for a long time.
Attached File(s)
File Type: zip Graeme Posts Only.zip   657 KB | 1,730 downloads
  • #5,150
  • May 1, 2012 10:59am May 1, 2012 10:59am
Thank you Spyderman !

Do you know how can I edit these .htmls ? To delete unnecessary things from it..

All the best,Zoltan.
  • #5,151
  • May 1, 2012 1:57pm May 1, 2012 1:57pm
Quoting Mjolnir17
Thank you Spyderman !

Do you know how can I edit these .htmls ? To delete unnecessary things from it..

All the best,Zoltan.
No sorry, can't help you there.
  • #5,152
  • May 2, 2012 11:31pm May 2, 2012 11:31pm
Great thread but unfortunately, low risk entries, the most important part is not very clear. I personally think that low risk entries are places where you can enter with a very very close stop (10 - 15pips) and re-enter if get stop out (expect frustrations) and leave it for another day after a few failed attempts. So, not too sure about what it means by not using stops - as he said, market is unpredictable.
  • #5,153
  • May 3, 2012 1:16am May 3, 2012 1:16am
I don't think Graeme use stoplosses anymore. Graeme is skilled and experienced enough. Me and you? Most likely not.

Graeme also mention that he rarely reenters multiple times, unless it really proves itself.

Hope it helps.

Read. Practice. Rinse, repeat.

Quoting Micron
Great thread but unfortunately, low risk entries, the most important part is not very clear. I personally think that low risk entries are places where you can enter with a very very close stop (10 - 15pips) and re-enter if get stop out (expect frustrations) and leave it for another day after a few failed attempts. So, not too sure about what it means by not using stops - as he said, market is unpredictable.
Yes, I do enjoy eating bananas. Very much.
  • #5,154
  • May 3, 2012 5:13am May 3, 2012 5:13am
Quoting Micron
Great thread but unfortunately, low risk entries, the most important part is not very clear. I personally think that low risk entries are places where you can enter with a very very close stop (10 - 15pips) and re-enter if get stop out (expect frustrations) and leave it for another day after a few failed attempts. So, not too sure about what it means by not using stops - as he said, market is unpredictable.
Risk is a function of loss ($$ lost when SL got hit) and how probable for the loss to happen. That means a low risk is a small position + an entry where price is very unlikely to reverse against you bfore you manage to put SL to breakeven.
  • #5,155
  • May 3, 2012 8:41am May 3, 2012 8:41am
What brokers do you guys use for this strategy? I know Graeme is with FXCM but I am wondering if there is any other option. I am with Oanda, which does not allow hedging unfortunately and also don't allow partial closure of position (FIFO), which is VERY inconvenient. Also have some problems with MB Trading on money transfer.

I know there is a forum for broker review, but I am wondering what do other use for this particular trading strategy.

Thanks!
  • #5,156
  • May 3, 2012 3:08pm May 3, 2012 3:08pm
I use ATC Brokers. They're a white label of FXCM, but they allows hedging.

Quoting Micron
What brokers do you guys use for this strategy? I know Graeme is with FXCM but I am wondering if there is any other option. I am with Oanda, which does not allow hedging unfortunately and also don't allow partial closure of position (FIFO), which is VERY inconvenient. Also have some problems with MB Trading on money transfer.

I know there is a forum for broker review, but I am wondering what do other use for this particular trading strategy.

Thanks!
Yes, I do enjoy eating bananas. Very much.
  • #5,157
  • May 3, 2012 10:37pm May 3, 2012 10:37pm
Kudos to Graeme and his strategy. I whole heartedly agree with that a long term mindset should be adopted.

The fundamental reasoning of this strategy appeals and relates to my train of thought. However I have huge trouble with chart reading, the charts refuse to build rapport with me.

What are the things to look out for in timing entries? I've been reading a lot of materials on technical analysis but it's making me more and more confused.

My trading style on my demo was based on fundamentals alone but that has caused me to pick less than decent entry points and take profits even if the general flow is correct. Anyone experienced could share some tips? Pretty tired of having to go through avoidable price fluctuations which can be solved by proper entry.
  • #5,158
  • May 4, 2012 7:05am May 4, 2012 7:05am
Quoting Esssex
Kudos to Graeme and his strategy. I whole heartedly agree with that a long term mindset should be adopted.

The fundamental reasoning of this strategy appeals and relates to my train of thought. However I have huge trouble with chart reading, the charts refuse to build rapport with me.

What are the things to look out for in timing entries? I've been reading a lot of materials on technical analysis but it's making me more and more confused.

My trading style on my demo was based on fundamentals alone but that has caused me to pick less than...
The only and best advice I can give re.entry is to read through Graeme's thread-- (I have made it into a massive 3 volume book with added notes)-- then pick 2 or 3 of the roughly 10 different entries that work best for you on Demo and stick to them. There is virtually zero discussion of fundamentals in Graeme's thread-- you might say that fundamentals have no relevance whatsoever.
  • #5,159
  • May 5, 2012 1:50am May 5, 2012 1:50am
Quoting gssintokyo
The only and best advice I can give re.entry is to read through Graeme's thread-- (I have made it into a massive 3 volume book with added notes)-- then pick 2 or 3 of the roughly 10 different entries that work best for you on Demo and stick to them. There is virtually zero discussion of fundamentals in Graeme's thread-- you might say that fundamentals have no relevance whatsoever.
Fundamentals have no relevance.
  • #5,160
  • May 5, 2012 6:56am May 5, 2012 6:56am
Can anyone who is actually trading the strategy comment on the effects of rollover .... the effect seems to be staggering ...... takes a bite size chunk out of your profits as most swaps are negative either way because of the small differential on interest rates these days ..... even with oanda who pay an interest on the money in the account itself ..... even with that the rollover deducted due to swap is staggering !!
9 traders viewing now