Building an equity millipede

Vee has it spot on. USE THE TECHNOLOGY THAT'S PROVIDED.

Look at how lucky we all are. 20 years ago a) almost none of us would be in business as FX just wasn't available to the average man in the street, and b) we could only dream then what we'd all have at our fingertips PLUS the cost of it (a quote machine was about £500 a month 20 years ago, and that's £500 in 1990 money). Now, we basically get all of this for free or a small amount. For example, want 6 screens pumping live data 24 hours a day, you're looking at a less than £2,000 with probably a £500 a year running cost. My first computer cost me £900 in 1990 and that came with 20MB of storage space!

So if you're working or got other commitments that mean you cannot be in front of the screen all the time, find a way to sort that problem out using all this cheap technology we've got. Like I said, we could only dream 20 years ago what's available right now...

Very impressed.

Folks, with this sort of position building (on a regular basis) you only need a few good moves a year to make an excellent return on your capital. And yes, chances are that most of Vee's trades today won't work, either losing him a few ticks or breakeven. But I doubt he's worried about that, what he's probably far more concerned with is PARTICIPATING.....

Vee has it spot on. USE THE TECHNOLOGY THAT'S PROVIDED.

Look at how lucky we all are. 20 years ago a) almost none of us would be in business as FX just wasn't available to the average man in the street, and b) we could only dream then what we'd all have at our fingertips PLUS the cost of it (a quote machine was about £500 a month 20 years ago, and that's £500 in 1990 money). Now, we basically get all of this for free or a small amount. For example, want 6 screens pumping live data 24 hours a day, you're looking at a less than £2,000 with probably a £500 a year running cost. My first computer cost me £900 in 1990 and that came with 20MB of storage space!

So if you're working or got other commitments that mean you cannot be in front of the screen all the time, find a way to sort that problem out using all this cheap technology we've got. Like I said, we could only dream 20 years ago what's available right now...



Hi calculus,
Any tool one uses needs to achieve a certain purpose which, in itself, will help lead to a greater goal.
A tool, no matter how sophisticated or primitive it is, still needs to be looked at as a tool. One needs to feel the need for it and understand the real value it adds towards that milestone one is shooting for.
Yes Calculus, it is technology that is going to allow the message I am typing to reach you and others in such a short period of time. Humanity has gone a long way since the invention of the transistor in the late 40's which, slowly but surely, triggered the digital era. The problem is the laser that cuts butter while any good old knife would have done a better job in a shorter period of time thus allowing you to enjoy your breakfast instead of wasting your time, money and energy learning to aim and adjust the beam. Yes, laser technology revolutionized a lot of fields and improved our lives in a lot of different ways...
It saddens me to see a trader wanna-be waste hours of his time, if not more, trying to figure out a way to shorten his stop-loss trade a few pips on a demo micro-account while he/she wouldn't hesitate one second to spend $1,000.00 for a retina-like display of a monthly candlestick (I'm pushing it a bit on purpose.)
In our context, wouldn't you agree that the smarter move will be to spend $20.00 on a good old used Window XP (or even Windows 95) and invest the rest of the money in a real account that will help you focus on the big picture which, for most, is to achieve financial independence?
Unless , of course, your trading technique revolves around scalping the one minute chart “on the go”...then there is a real need for better technology.
Cheers.

Yes Biz, I think it's critical to get trading as much as possible. Keep the risk tiny until one starts to understand things better. Only increase size when showing positive results. Realise that losing and mistakes are actually good because they offer clues as not what to do - this is why it's important to play small when learning.

Here's the spreadsheet to work out how much to trade per set amount of risk.

Only fill in the yellow boxes -

 

1. Risk is the amount of risk you want to take
2. Entry and stop levels are self explanatory
3. The tradeable amount (rounded) is then given
4. My base currency is sterling so everything is converted to and back from that using the middle yellow boxes
5. Play around with it if you want your base to be another currency
6. Please excuse my mangled Excel programming, I'm not that good but the spreadsheet works

Hi guys

Please post some of your stacking charts here.It will teach others who can't understand the power of stacking.

Here is GBP-JPY chart for last 3-months(This chart i also posted in james16 thread because i learned some basics from that thread).Total 8-legs(+7000 pips) and closed some more legs for (+ 4000 pips).Hope you get the gist of this method.

Work hard and stack well you will achieve everything you want to achieve.Everything you want is already in this thread and also many other good threads.That's it.You don't need anything extra.

Regards
Prakash

Always interested in this method... Do you have any security concerns about trading via smartphone?

Yes and no....will respond in detai llater tonight. As with any account access, one has to take all the necessary precautons. I am a geek when it come to IT security and data privacy, contingency, backup and recovery and all those sorts of things. I use an app that can track my phone if lost and it also allows me to remotely zap everything by sending just a text message to my lost phone from my wife's Android phone. It can also lock the phone remotely if you think it is not stolen. Possibilities are ensless when it comes to buying an app like this for just a few dollars !!!

Vee, being a geek in this game is a virtue...

Hi guyz
Please can someone create an excel script/spreadsheet(if possible with a graph like in the trade explorer here in FF that shows Equity and Balance graph but with the Expected Balance dotted with a different colour) that
(i)can calculate the expected balance(or Hard Cash like a buddy in here called it) and recalculates profits based on updated breakeven levels on each currency pair and/or all currency pairs.
(ii)and also calculates overall exposure in percentage or in dollars as you stack new positions
I would also appreciate it if it is somehow coded as a script for the mt4 platform...

Thankz in Advance.
Lyon...

VEEFX,

I'll be looking forward to the app and the security/redundancy/backup-recovery aspects
of mobile phone use.

Also if you have any comments on VPS use, those too will be much appreciated !

People mostly don't realize how important (and useful and cheap enough) setting up
the right infrastructure is- after all you are spending money trading.

Forex never has been a free app.

Athar.

stacking continues on JPY pairs for earlier today... anticipation was in line with PA

I got another 23 positions in my FIFO account... busy stacking so no time to edit screenshots... hope everyone is participating. this is picture perfect move to take advantage of !

EDIT: Second screenshot shows net pnl in pips (due to darn FIFO) with 23 positions across those 10 pairs.

Here's my last post of 'binge' trading to share the potential of STACKING and PARTICIPATION that Calculus was trying to help us all understand ! Picture my trade explorer account as picture might be worth a 1000 words :-

Hope my time spent here on the live trade postings helped motivate folks to keep at it, re-read this thread several times and think out of the box to make it work for yourself. there is no shortcut as it has taken me 3yrs of sweat equity to get to this stage (and I feel I am at best 25% in my journey)

Good Luck and Happy Trading 2013 !!!!!

Hidden Live Trade Explorer account performance since 1/1/2013. Note that equity % is less than account balance % which means majority of 192 closed trades are all from staking and taking 'short term' profit. Had I not closed these stacks, imagine what my account equity would be by now !

Strong trends as we all have seen in the market recently does not happen every week. It is up to us to squeeze the maximum blood out of the market and turn our accounts into profitability.

EDIT: and i have these positions in FXCM/TSII (FIFO) not tied to trade explorer> all 18 positions set to BE and ready to run for growth.

Some nice posts there on stacking. Thanks Vee.

Hi guys,

Hope everyone caught the powerful move on EU which happened recently.
I attach my stacks if anyone interested..

1 died on BE (i put my trades on BE maybe too early)
and 2 more possible positions-especially in the last bold candle, but broker is not ecn so i couldt open any position because of the rapid movement


Im done for some hours.

Happy trading!

[quote=Mjolnir17;6365741]Hi guys,

Hope everyone caught the powerful move on EU which happened recently.
I attach my stacks if anyone interested..

1 died on BE (i put my trades on BE maybe too early)
and 2 more possible positions-especially in the last bold candle, but broker is not ecn so i couldt open any position because of the rapid movement


Im done for some hours.

Happy trading![/QUOTE

I am not sure if something is wrong with my focal interpretation! I am more successful with trading Crosses than Majors. About 80% of my realized losses comes from trading majors and trading in long direction (for any pair). Seems like I need to see a shrink lol.

I am not sure if something is wrong with my focal interpretation! I am more successful with trading Crosses than Majors. About 80% of my realized losses comes from trading majors and trading in long direction (for any pair). Seems like I need to see a shrink lol.[/quote]




Well, I trade only one pair for gaining experience, and i chose EU because of low spread
Anyone can link a demo account for ECN?

OFF: Anyone from Hungary in this forum?

Sorry for posting much, I would say maybe its helping someone, and for me ofc.

Happy trading!

Edit: later position died, however I added a new one at the same area.

all my sells died today/yesterday , but now i have 3 buys with 3-4 hrs of trading (8,6 pips realized loss, 4,3 per trade /2/)

Happy trading!

I wonder if it makes sense to calculate average realized loss per lost position. I would think it is more sensible to calculate average loss per established position - in your case, 8.6/3 = ~2.9p, which is the effective cost of establishing a position in this (sub)group. Just my five cents.