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Building an equity millipede

  • #6,481
  • Jun 4, 2014 9:14am Jun 4, 2014 9:14am
Quoting iamgotzaa
hi i've been reading millipede for awhile dumb question? I got one leg on short nzdusd... what to do next? hold and trail? right? {image}
Hello iamgotzaa,

I suggest reading pipEASY's posts. All the answers to your questions are answered there, and you needn't take my word for what I'm about to say.

pipEASY specifically says never to trail your stops. Also, your SL should be at BE as per his posts, not x pips into profit. Your entry will likely be taken out, but again, he explains that having 200+ positions taken out at BE is common. You are currently hovering at only +100 pips. It's the price we pay waiting for any move that truly matters.

Again, don't take my word for it, but read his words and come to your own conclusion.

Best,
EG
I'm a dog chasing cars.
  • #6,482
  • Jun 4, 2014 1:09pm Jun 4, 2014 1:09pm
Quoting ElectroGypsy
I just wanted to add some "thread guidance" to people who are just starting to read this gem. Ignore everything that hasn't been posted by pipEASY. Like anything else of value on FF, this thread has been beaten senseless by people who don't understand what the author is saying, and then think it's their responsibility to modify the original base of knowledge presented until it bears no resemblance to the original. There are a couple people here who have brought up interesting ideas, but they are much more likely to derail the reader rather than...
Hi EG,

Here is a link to a more complete set of Graeme's posts - through July 2011. This zip file was posted by Spyderman a couple of years ago.

http://www.forexfactory.com/showthre...80#post5625980

Hope it helps everybody who has an interest in this incredible opus by Graeme.

Best, AG
Do not dwell in the past, do not dream of the future, concentrate the mind.
  • #6,483
  • Jun 4, 2014 1:13pm Jun 4, 2014 1:13pm
Quoting AlbinaGrande
{quote} Hi EG, Here is a link to a more complete set of Graeme's posts - through July 2011. This zip file was posted by Spyderman a couple of years ago. http://www.forexfactory.com/showthre...80#post5625980 Hope it helps everybody who has an interest in this incredible opus by Graeme. Best, AG
Thank you AG, that's much better! I went ahead and re-uploaded the document to my earlier post.
I'm a dog chasing cars.
  • #6,484
  • Jun 4, 2014 8:32pm Jun 4, 2014 8:32pm
Quoting ElectroGypsy
{quote} Hello iamgotzaa, I suggest reading pipEASY's posts. All the answers to your questions are answered there, and you needn't take my word for what I'm about to say. pipEASY specifically says never to trail your stops. Also, your SL should be at BE as per his posts, not x pips into profit. Your entry will likely be taken out, but again, he explains that having 200+ positions taken out at BE is common. You are currently hovering at only +100 pips. It's the price we pay waiting for any move that truly matters. Again, don't take my word for it,...
thanks Gypsy

i'll take note of that
Holy grail, pls pm
  • #6,485
  • Jun 9, 2014 2:10pm Jun 9, 2014 2:10pm
This has probably been asked before, but did pipEasy actually complete the book he was talking about, and if so where can one get it from? Thanks
  • #6,486
  • Jun 12, 2014 5:55pm Jun 12, 2014 5:55pm
Quoting danjuma
This has probably been asked before, but did pipEasy actually complete the book he was talking about, and if so where can one get it from? Thanks
Hey danjuma,

I've searched around for quite some while and couldn't find it either. In all honesty, it wouldn't surprise me if he dropped the idea. He has apparently stated that his biggest regret was going too in-depth with his own system and not stopping after giving traders his ideas (which he considers to be much more important). My guess is he realized that writing a book of any decent length would require him to overstep that boundary again...either that or he felt like he's already said all that needs to be said

Best,
EG
I'm a dog chasing cars.
  • #6,487
  • Jun 13, 2014 4:39pm Jun 13, 2014 4:39pm
Quoting ElectroGypsy
{quote} Hey danjuma, I've searched around for quite some while and couldn't find it either. In all honesty, it wouldn't surprise me if he dropped the idea. He has apparently stated that his biggest regret was going too in-depth with his own system and not stopping after giving traders his ideas (which he considers to be much more important). My guess is he realized that writing a book of any decent length would require him to overstep that boundary again...either that or he felt like he's already said all that needs to be said Best, EG
Thanks for your reply.
  • #6,488
  • Aug 19, 2014 4:35pm Aug 19, 2014 4:35pm
Hello...

The charts that Pip Easy posted are mostly gone and unavailable. Does anyone know if these are archived
somewhere and are still available? I appreciate your help. Thanks...Lisa
  • #6,489
  • Aug 19, 2014 5:02pm Aug 19, 2014 5:02pm
Quoting marypipins
Hello... The charts that Pip Easy posted are mostly gone and unavailable. Does anyone know if these are archived somewhere and are still available? I appreciate your help. Thanks...Lisa
search for the pdf, theyre linked in the thread... search function will find them
tradewith60
  • #6,490
  • Aug 19, 2014 5:58pm Aug 19, 2014 5:58pm
Marypipins lol, love the name.
  • #6,491
  • Aug 19, 2014 6:57pm Aug 19, 2014 6:57pm
Thanks 60 for your kind response,, but still drawing a blank. When I try the basic search within the thread it just takes me to google. I'm sorry but if you could give me a little more details I'd surely appreciate it. At least your 60 min. and not 60 sec. lol thanks again. Lisa
  • #6,492
  • Aug 19, 2014 7:53pm Aug 19, 2014 7:53pm
Quoting marypipins
Thanks 60 for your kind response,, but still drawing a blank. When I try the basic search within the thread it just takes me to google. I'm sorry but if you could give me a little more details I'd surely appreciate it. At least your 60 min. and not 60 sec. lol thanks again. Lisa
Click on the paperclip icon next to the Subscribe link at the top of this thread.

This takes you to a list of attachments linked to this thread.
I'm not trying to convince anyone. I'm not in the "convincing" business.
  • #6,493
  • Aug 19, 2014 8:15pm Aug 19, 2014 8:15pm
Thats it.. Got it..Thank you soooo much..Lisa
  • #6,494
  • Aug 24, 2014 10:56am Aug 24, 2014 10:56am
Hi..I'm just curious if anyone is still around from the beginning of this thread and if you are, are you still trying to
implement what was being laid out here. Just wondering if most traders have the stamina and will that Graame has
to endure to see their legs come to the potential shown here. Thanks
  • #6,495
  • Aug 25, 2014 10:49am Aug 25, 2014 10:49am
Hi,

A question for those that have worked with Graeme's 3X20 exercise. I am planning to give it a try, but ATR today is very much less than in the 2009-2011 time period when he suggested it. Does this make a difference? Back then for example, ATR(14) for EU ranged between 100 and 250 with an average of about 150.

Today it is less than half that. Should we be looking at 3X10 or 15 instead of 20 pips in this era?

Thanks, AG
Do not dwell in the past, do not dream of the future, concentrate the mind.
  • #6,496
  • Aug 25, 2014 11:07am Aug 25, 2014 11:07am
Hey AlbinaGrande,

I am probably not the right guy to give an answer to you, but I guess that the numbers are irrelevant.

If you want to use 10 and 10, then do so. If you want 200 and 200, then do so... but you will have to wait for quite a long time ;o)))

I think PipEasy just wanted us big noobs to do that exercise to learn how to enter the market finding our "safe" way depending of our personality.
During that time as well, we would learn a lot on how the market moves.

PipEasy method is just very general (the very first few pages explain it very well), and I think we all got completely lost on the way trying to find magic, where there is none.

That was all, no need to over complicate,
Cheers,
J-F (and do not trust me, I know nothing: serious!)
  • #6,497
  • Aug 25, 2014 11:37am Aug 25, 2014 11:37am
Quoting J-f
Hey AlbinaGrande, I am probably not the right guy to give an answer to you, but I guess that the numbers are irrelevant. If you want to use 10 and 10, then do so. If you want 200 and 200, then do so... but you will have to wait for quite a long time ;o))) I think PipEasy just wanted us big noobs to do that exercise to learn how to enter the market finding our "safe" way depending of our personality. During that time as well, we would learn a lot on how the market moves. PipEasy method is just very general (the very first few pages explain it very...
Thanks for your comments. Much appreciated. AG
Do not dwell in the past, do not dream of the future, concentrate the mind.
  • #6,498
  • Aug 25, 2014 3:20pm Aug 25, 2014 3:20pm
Quoting marypipins
Hello... The charts that Pip Easy posted are mostly gone and unavailable. Does anyone know if these are archived somewhere and are still available? I appreciate your help. Thanks...Lisa
Here you go https://www.mediafire.com/folder/1pr...jz7zaub/shared
These files are compiled by other members , i just have them in my archive.All credits to them


Green pips everyone.
  • #6,499
  • Aug 26, 2014 10:36pm Aug 26, 2014 10:36pm
Hi everyone,

1st of all, many thanks to PipEasy for this wonderful, eye-opening thread.

I've been reading about this method for the past 2 weeks and would like to summarize my understanding of the method. I am currently learning and I would appreciate it if all of you who have been practicing this method to correct me where I might have something wrong Thanks in advance!

1. Start by building legs on both sides of the market (long and short), depending on what the current market price action is telling us and also using safe, low-risk entry at traders' discretion.

2. After sufficient elapsed time (>2 weeks) or sufficient price movement, the remaining legs shows the current sentiment on the market.

3. Stack positions in the direction of the remaining legs, i.e. if remaining legs are all shorts, add more short positions.

4. As soon as a whipsaw/congestion/consolidation occurs on the longer timeframe, diversify by closing the legs with the smallest amount of profits to bank some profits and to cover the costs of trading from bad entries from the previous trades while, at the same time, repeating step 1.

- Step 4 will keep the positions with the largest gains from the previous trend to be held indefinitely or until we want to retire or until apocalypse, and also start new positions in the opposite trend (if trend is reversing) or add more positions to the previous trend (if trend is resuming)

5. Repeat steps 1 to 4

Also, some guidelines to the trading method, as I understand them, are:

1. Best entry method is for the trader to develop on his/her own.

2. Each pair is a separate entity and correlation is not a concern, e.g. we could have positions for EUR/USD and USD/CHF at the same time, trading in whichever direction depending on what those markets are telling us.

3. Swaps are also not a concern since they will be covered as well in the diversification process.

4. Use fixed lot sizes

5. Stack aggressively if momentum is seen in any direction of the surviving legs.

That's basically what I understand as a noob to this method. I would greatly appreciate any corrections on this summary. I am summarizing the points for me to learn if there is any mistakes. Please go easy on me and I apologize if there are any wrong understanding of the concepts in this post. Thank you all!
Entities should not be multiplied without necessity - Occam's razor
  • #6,500
  • Aug 26, 2014 10:50pm Aug 26, 2014 10:50pm
Quoting frosty85
Hi everyone, 1st of all, many thanks to PipEasy for this wonderful, eye-opening thread. I've been reading about this method for the past 2 weeks and would like to summarize my understanding of the method. I am currently learning and I would appreciate it if all of you who have been practicing this method to correct me where I might have something wrong Thanks in advance! 1. Start by building legs on both sides of the market (long and short), depending on what the current market price action is telling us and also using safe, low-risk entry at...
Excellent summation. Two additional words: participation & patience help to sum it up as well.

GREEN pips to you always
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