Building an equity millipede | Page 306 | 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

  • #6,101
  • Oct 22, 2013 10:28am Oct 22, 2013 10:28am
I hope you guys can understand and see now why euro/usd went up today,regardles what articles and analysts at medias were saying.
Attached Image (click to enlarge)
Click to Enlarge Name: 22-10-2013 6-25-38 euro usd monthly.jpg Size: 243 KB


Euro usd
Attached Image (click to enlarge)
Click to Enlarge Name: 22-10-2013 6-03-07 euro usd 4h.jpg Size: 298 KB


GBP usd
Attached Image (click to enlarge)
Click to Enlarge Name: 22-10-2013 6-08-27 gu 1h 1.jpg Size: 427 KB


Gbp Jpy
Attached Image (click to enlarge)
Click to Enlarge Name: 22-10-2013 6-10-27 1h gj.jpg Size: 324 KB
  • #6,102
  • Nov 4, 2013 4:35pm Nov 4, 2013 4:35pm
I've got my probe in USDJPY. Want to add at 99 if we trade there. Monthly green, weekly green, daily red (was green 24 hrs ago). Can't go sideways forever.

If I had to bet I'd say Graeme is using his 100 pip entry method to trade this action. (He would have bought at 98 on 10/29, stop 97). He'd then add at 99...stop at 98, etc.
Twitter: @zusch_ -- Preselecting trending pairs, stocks on a weekly basis.
  • #6,103
  • Nov 6, 2013 9:45am Nov 6, 2013 9:45am
Quoting Jaquemate
Hi all: I want to post at this thread cause think that Im showing is based at Graemes concept. And think is not necessary to open a new thread for it. In his post Graeme repeat a lot of times that he is showing can be resumed in a few pages. This is true. His concepts are very simple to understand but no all traders are ready to follow it. He is transmitting a basic idea about how he understands market. From this perspective, every trader must adapt their trading style looking for the “ONE THING “. The one thing is no a predefined set of rules....

Hello, Jaquemate.
I wish to address a few points in your post. Let me say that I totally agree with you about the quality of this thread - this is the single best material on trading I've ever read. And it is the best by far. However, I disagree with you on two points. First, there's much to be learned from each of Graeme's posts. Yes, the concept is laid out at the very beginning. Yes, a reader could get confused or carried away by specific techniques (.00 entry anyone? Flying Buddha anyone? I'm guilty of that myself...) Despite that, I found so much inspiration and 'aha' moments while re-reading the thread that I simply can't put such a limit. Second, I don't believe pipEASY is a long-term trader because he has some godlike emotion control beyond the reach of the mere mortals. It's the other way around. What he has is knowledge. He has seen the golden trends that run for months and he knows with a good degree of certainty the magnitude of the profits he can realistically expect. He also knows his average losses. Then it only comes to comparing the numbers and the long-term trading becomes a natural choice. Emotion control? There are no emotions to be controlled. Whether that trend begins today or in 6 months is irrelevant. There's excitement when it does begin, sure. There's disappointment if it turns out to be a false alarm. But as long as you know the statistics are in your favor, you never fear. And the other big vice, the greed... it is going to be sated by leaving part of the positions to grow more and more. What's left to be controlled? It's just like being a casino. There are lots of games played and lots of players winning. But in the end, the house always wins.
  • #6,104
  • Edited 5:02pm Nov 10, 2013 4:37pm | Edited 5:02pm
good night,

I have read the first 30 pages of this interesting thread to get an idea of the modus operandi of Mr. PIPEASY. I would ask the elders of the place if somewhere along the thread discussed any ideas about the relation of price movements and interest rates to find and identify possible trend movements.

thank you

here the interest rates( Australian cash rate): http://www.rba.gov.au/chart-pack/interest-rates.html
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-11-10_233244.png Size: 69 KB
The only constant is change
  • #6,105
  • Nov 10, 2013 8:49pm Nov 10, 2013 8:49pm
Some time ago a very interesting contribution was made by"Vee?" , on data he had researched on FBs relative to multiple timeframes from monthly to 5m. The figures showed the results of taking one short position on GBP/JPY and letting it run for ,say, 10 candles. Must have taken a lot of hard work compiling the stats as they were done manually.

I have searched through the forum trying to track down this information but it must have been deleted. If anyone has a copy of this would you mind posting it again?

Thanks.
  • #6,106
  • Nov 11, 2013 1:59am Nov 11, 2013 1:59am
Quoting littspaniard
good night, I have read the first 30 pages of this interesting thread to get an idea of the modus operandi of Mr. PIPEASY. I would ask the elders of the place if somewhere along the thread discussed any ideas about the relation of price movements and interest rates to find and identify possible trend movements.

As far as I know, no fundamentals have ever been discussed here. It is not relevant to the "modus operandi" anyways. Any consistent method that provides you with an anticipated direction and trading opportunities should work just fine. That being said, I believe mr. pipEASY was more of a technical analysis trader, since fundamental analysis wouldn't provide as much opportunities for stacking as he would like.
  • #6,107
  • Nov 14, 2013 9:55pm Nov 14, 2013 9:55pm
hi guys,

i just re-read Mr. PipEASY's posts up until 50 pages when he started re-emphasizing his main points. more discovery i would say.

hope you guys doing well and keep the thread alive for more discussions.

i am at work now so i could not post any charts but i think you guys are more pro than me.

currently the JPY is in the centre of the spotlight i would say, also JPN225 index broke from coil thrusting upwards.

wish you guys capture more pips by the end of the year.

BR,
zxd
  • #6,108
  • Jan 4, 2014 5:53am Jan 4, 2014 5:53am
Here are Greaeme posts only, in pdf and html

Pdf:
https://mega.co.nz/#!RUIUiYiI!BzG3Pi...49H0aHT5OJyQzE

Html:
https://mega.co.nz/#!NBA13KAb!Goc_Dj...ZP9DxUYUFZtrGY

I would suggest to get them both because some pages are missing in pdf and some in html

All credits to the members who posted them here long time ago

Take care and happy new year to all millipeders
  • #6,109
  • Jan 4, 2014 5:56am Jan 4, 2014 5:56am
P.S if someone is looking for another good entry method i would suggest to watch Sam Seiden webinars. Google it.
  • #6,110
  • Jan 7, 2014 8:19pm Jan 7, 2014 8:19pm
Hi Timos, thank you.

we also have some good strategies in this very forum, which can be applied in the stacking process.

http://www.forexfactory.com/showthread.php?t=463852

also 60minutesman's H4 power is quite applicable too.
  • #6,111
  • Jan 15, 2014 6:27pm Jan 15, 2014 6:27pm
Quoting pipEASY
{quote} 1. Open a demo, 5000USD @ 1:100 leverage 2. Use 0.1 lot size. 3. Choose any currency pair, timeframe 4. You can do this daily exercise on any session 5. So when you open your platform, look at current price. You can use the open price of the asian market. If this current price is higher than open price then you can only enter buy. If current price is lower than open price you can only sell. 6. You can enter as you wish. No method. Just enter when you think it will make profit. 7. Set take profit of 20 pips and stop loss of 20 pips. Wait...

I've read the first 10 pages of the thread. and I'm starting with this exercise. I've been very erratic with my trading and I feel that starting a millipede will give me more focus.

Good luck and zero-stress trading to everyone
The more you fail, the better you get at it.
  • #6,112
  • Jan 31, 2014 3:25pm Jan 31, 2014 3:25pm
Quoting zxdtrader
Hi Timos, thank you. we also have some good strategies in this very forum, which can be applied in the stacking process. http://www.forexfactory.com/showthread.php?t=463852 also 60minutesman's H4 power is quite applicable too.
I've read both and both seems good,i haven't tried them personally though.

You can apply every personal entry method,as long as it is "low risk" and works "most of the time"

It's sad to see such a goldmine like this thread going dust :/
  • #6,113
  • Mar 5, 2014 9:16am Mar 5, 2014 9:16am
just wanted to bump this thread up again as it's clearly in the top 5 on this forum... so bored of all the short term supply and demand trading...
tradewith60
  • #6,114
  • Mar 5, 2014 9:22am Mar 5, 2014 9:22am
bored because it works?
DM if you have any questions
  • #6,115
  • Mar 6, 2014 2:34am Mar 6, 2014 2:34am
Quoting jkrick33
bored because it works?
everything can work, so no. But in general the supply and demand threads on FF tend to be very short term low reward approaches and that is boring, sorry if I offended your preferred trading style, but this is one of the only threads that suggest a different approach, don't feel threatened by that.

Our biggest fear as traders is missing out so it's natural as humans to feel drawn to a system that is trading every swing in the market, we also feel a lot of pain when we exit, even if it's a winner because we often take our profits early or too late and see a large chunk given back. This thread suggests an approach where you are always participating in a market, not 1 in 1 out and therefore removes those decision issues from trading. We always underestimate the work involved in achieving these skills like trading, so it's not easy what ever path you choose.

good luck
tradewith60
  • #6,116
  • Mar 6, 2014 7:59am Mar 6, 2014 7:59am
Quoting 60minuteman
{quote} everything can work, so no. But in general the supply and demand threads on FF tend to be very short term low reward approaches and that is boring, sorry if I offended your preferred trading style, but this is one of the only threads that suggest a different approach, don't feel threatened by that. Our biggest fear as traders is missing out so it's natural as humans to feel drawn to a system that is trading every swing in the market, we also feel a lot of pain when we exit, even if it's a winner because we often take our profits early or...

Well said . I am determined not to be short termish about my trading. reading this thread would help anyone who wants a different approach to trading. Perhaps its need for discipline drives traders to other 'quick' techniques

Olu
If you think you can or cannot do it you are correct
  • #6,117
  • Mar 6, 2014 8:12am Mar 6, 2014 8:12am
Quoting Olu
{quote} I am determined not to be short termish about my trading.
But to use this strategy correctly one better be a good short term trader otherwise you're a) going to suffer far too many losses as you initially trade, and b) not be able to stack correctly, ie very aggressively.

This whole thread is basically a waste of time unless one is a good short term operator in the market. If you're not then the big wins you'll get won't be enough to offset the many many short term losses you'll generate.

Conversly, it you're a competent short term trader this thread has the chance to change your life. Sadly for every competent short term trader there are probably 50 if not 100 traders that aren't good, or don't have the years to be able to get good.

However, as others have suggested on this thread, if you're a good short term trader you really don't need this strategy, just keep doing what you're doing, and increase size overtime as profits are generated.
Road To Wisdom? To err and err and err again, but less and less and less...
  • #6,118
  • Mar 6, 2014 8:34am Mar 6, 2014 8:34am
Quoting Calculus
{quote} But to use this strategy correctly one better be a good short term trader otherwise you're a) going to suffer far too many losses as you initially trade, and b) not be able to stack correctly, ie very aggressively. This whole thread is basically a waste of time unless one is a good short term operator in the market. If you're not then the big wins you'll get won't be enough to offset the many many short term losses you'll generate. Conversly, it you're a competent short term trader this thread has the chance to change your life. Sadly for...

I hear you Calculus Good point as well.

Olu
If you think you can or cannot do it you are correct
  • #6,119
  • Mar 6, 2014 8:56am Mar 6, 2014 8:56am
Im not one to short term trade on any system, and that goes for supply and demand. There are plenty of ways to trade, and not be frustrated looking for a system trading every swing in the market. For anyone out there frustrated just begin trading from the monthly charts (daily entries), etc. or combo your way to profitability. No need to get lower than the h1 imo....especially if your not profitabile.
DM if you have any questions
  • #6,120
  • Mar 6, 2014 9:10am Mar 6, 2014 9:10am
Quoting 60minuteman
just wanted to bump this thread up again as it's clearly in the top 5 on this forum... so bored of all the short term supply and demand trading...
Supply and demand work the same, on all timeframes, so why don't do it on bigger timeframes?
I've done it successfully.
Remember what Greaeme said: "What works in lower/higher timeframes,works in every kind of timeframes"
4 traders viewing now