Extracted Thread (per thread starter's request) | Page 26 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

1 trade per pair per year 6 replies

multiple systems per pair/multiple pairs per system? 3 replies

Extracted Post (per poster's request) 0 replies

Trading 24 hours per day, 5 days per week 14 replies

Attachments: Extracted Thread (per thread starter's request)
Exit Attachments

Extracted Thread (per thread starter's request)

  • #501
  • Nov 28, 2014 4:40pm Nov 28, 2014 4:40pm
Along with first 20 or so pages of Pipeasy's thread, what FEZ has so diligently shared here is in my opinion all anyone needs. In honour of his effort here are his posts only compiled into a word document. ( split but easily edited into single doc again )
FEZ Best wishes with your future endeavours

Attached File(s)
File Type: docx 1 FEZ MILLIPEDE 28-11-2014.docx   4.9 MB | 2,107 downloads


Attached File(s)
File Type: docx 2 FEZ MILLIPEDE 28-11-2014.docx   4.9 MB | 1,695 downloads
Once You See, You Can't Unsee But You Will Get The Odd Poke In The Eye
  • #502
  • Nov 28, 2014 6:32pm Nov 28, 2014 6:32pm
Quoting fezmar
Hello all. Sadly it seems we have reached my final 'official' post. But let us not dwell upon that now, I shall get started. A typical trade life-cycle This is just to give you a rough idea of the different stages that any single trade may be in at any given point in time. The loser This is any trade that is currently in negative, or has not yet proceeded enough pips in your favour to move onto the next stage. Trades do not stay here very long at all - Perhaps an hour max with the type of stop that I use. The baby ripple These are trades that are...
I have nothing much to say than to salute to you FEZ for sharing generously (FREE) what for me seems to be a profitable method, an almost risk- free, almost tension-free trading method as opposed to many scam/sharks in trading world. Wish you more success in your careers. GOD BLESS.
  • #503
  • Nov 28, 2014 6:36pm Nov 28, 2014 6:36pm
Thank you Fez for your dedication. Wish you all the best
MT4/MT5 EAs/Indicators/Alerts coder
  • #504
  • Nov 28, 2014 11:48pm Nov 28, 2014 11:48pm
Hello Fez i have been following your thread since the beginning.


Thank you Fez for your time
It's not what you DO, it's HOW you do it.
  • #505
  • Nov 28, 2014 11:59pm Nov 28, 2014 11:59pm
Quoting Stu Effex
Along with first 20 or so pages of Pipeasy's thread, what FEZ has so diligently shared here is in my opinion all anyone needs. In honour of his effort here are his posts only compiled into a word document. ( split but easily edited into single doc again ) FEZ Best wishes with your future endeavours {file} {file}
That gets you a vouch, Stu.

Lets see how many folks can really follow the idea of "participation"
If you are good at something, never do it for free--Joker
  • #506
  • Edited 1:49am Nov 29, 2014 1:39am | Edited 1:49am
Nice try.

On November 19, Post 6, Fez tells us, "Just to clarify, I do not trade Graeme's method as he taught it."

Ah. Here is someone who knows Graeme's method.

On Nov 20, Post 51, Fez says, "Patience my dear friend. Due to time constraints I can't post a long post more than perhaps once a day at max, so I'm breaking it down."

He's no tease. Here is someone who is very busy.

On Nov 21, Post 82, Fez says, "I might close out some of my larger sells for some nice profit, a process I read yesterday that Graeme referred to as "diversification"."

Oh. Here is someone who does NOT know Graeme's method well. He read about diversification yesterday.

And now, Nov 28, Post 496, Fez signs off.

In 9 days, he made dozens of posts. But wasn't he hard-pressed to make one reply per day? Perhaps he hastily posted between consultations.

My bull-shidometer is buzzing and flashing.

My guess is "Fez" and "Graeme" are one and the same. They both have the same style and use very similar phraseology. Both are humble, grateful, warm, encouraging. Both take forever to get to the point. Both have been happy to tell us how much money they've made. Trouble is, the millipede method only works in Fantasy Land.

Is Fez a ghost writer paid to keep the forex pot boiling? (Nothing like tales of glorious reward to entice new punters.) Or is he/she a practical joker, or simply delusional? He was at pains to tell us he wasn't crazy. The man doth protest too much, methinks...
  • #507
  • Nov 29, 2014 1:44am Nov 29, 2014 1:44am
A thought...
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 100 KB
  • #508
  • Nov 29, 2014 2:22am Nov 29, 2014 2:22am
Thank you for sharing your trading approach and the time and effort you have taken to explain it in detail.

I have some questions on areas which are not yet clear to me

1 Risk limit. If you chose a risk limit of 0.2% on your overall account, how do you calculate the critical level and what action do you take there?
It seems to me you have to close all positions to satisfy that risk limit. Closing only part would probably increase the risk.

2 How do you cover roll-over costs? Doesn’t the initial break-even stop have to keep moving during the life of each open trade to cover these costs?

3 What do you do around important news times like:
US non-farm payrolls,
Fed interest rate decisions,
Fed Minutes,
Yellen yellen to the media?
The POTENTIAL risk is seriously increased at those times

4 Targets. Setting targets on the number of small losses x 5 x …. seems to contradict to main logic of the way you take all entries. Surely the target should keep adjusting to the maximum gain on open positions lest the risk limit you set (See 1 above)

Appreciate your thoughts on these areas
  • #509
  • Nov 29, 2014 3:58am Nov 29, 2014 3:58am
Quoting AllanS
Nice try. On November 19, Post 6, Fez tells us, "Just to clarify, I do not trade Graeme's method as he taught it." Ah. Here is someone who knows Graeme's method. On Nov 20, Post 51, Fez says, "Patience my dear friend. Due to time constraints I can't post a long post more than perhaps once a day at max, so I'm breaking it down." He's no tease. Here is someone who is very busy. On Nov 21, Post 82, Fez says, "I might close out some of my larger sells for some nice profit, a process I read yesterday that Graeme referred to as "diversification"."...
you get my vote
  • #510
  • Nov 29, 2014 4:04am Nov 29, 2014 4:04am
Quoting AllanS
Nice try. On November 19, Post 6, Fez tells us, "Just to clarify, I do not trade Graeme's method as he taught it." Ah. Here is someone who knows Graeme's method. On Nov 20, Post 51, Fez says, "Patience my dear friend. Due to time constraints I can't post a long post more than perhaps once a day at max, so I'm breaking it down." He's no tease. Here is someone who is very busy. On Nov 21, Post 82, Fez says, "I might close out some of my larger sells for some nice profit, a process I read yesterday that Graeme referred to as "diversification"."...
Seriously Alan this is not an amateur detective thread ! Nobody cares if Graeme and Fez are one and same person. Most here have been happy to receive to the information as they recognise the quality of it. It is generally the quick fix brigade who pour scorn as it is not an ABC type method offering instant gratification. It is in fact an approach which has plenty of scope to tailor to meet your own needs.
There are members over at the original Millipede thread who have done such at thing, Cameron, Veefx, Barossa, Charvo, Stewrigh, Hollowhead and myself that I know of and no doubt there will be some who read FEZ's posts and take it for what it is and run with it.

If you are not profitable don't embarrass yourself any further with stupid talk here, take the information and try it. If you need assistance, just ask and people will help but you will likely get varying information because everyone who uses this approach has likely fine tuned to themselves.
If you are profitable, everyone is happy for you and just move on if the principles discussed don't interest you but ask on FEZ's behalf not to troll just to try and prove some futile point which is of no interest to anyone.

I wish you well
Once You See, You Can't Unsee But You Will Get The Odd Poke In The Eye
  • #511
  • Nov 29, 2014 6:00am Nov 29, 2014 6:00am
Quoting Stu Effex
{quote} Seriously Alan this is not an amateur detective thread ! Nobody cares if Graeme and Fez are one and same person.
Homeopathy isn't medicine, and millipedes isn't trading. Both are hope springing eternal. Brokers, forums and con artists make money out of this stuff. Punters don't.

No doubt Fez has received quite a few private messages offering him good money to reveal the secrets of the universe. And ever so reluctantly (such a modest, busy fellow!) no doubt he will agree.

You gotta laugh. Seriously. One's born every minute.
  • #512
  • Nov 29, 2014 6:09am Nov 29, 2014 6:09am
Thx to Fex for his well written posts!
I've tried to backtest my little manual trading account, taking into account trades as it were traded with 5 pips B/E and 5 pips sl.
I've used attached indicator which shows nicely past trades on chart so to backtest more easily.
Here's my result :

Total trades (starting 22 Oct 2014) : 66
B/E trades : 33
losses trades : 33 (-165 pips)

So if i've traded as per Fez method but using my entries with 5 pips hard stop loss and B/E after +5 pips in profit , as per today I wouldn't have any survived position with a drawdown of 165 pips with 50% positions closed at B/E, this is mostly due ,I guess, to low sample size since I only had 66 trades but is in line with stats presented here by Fez and other.
If you're planning to do the Graeme/Fez way of trading , and you have an account in profit, it's usefull to do a backtest to see how hard is to trade in this way and why so many failed (me included!) applying day in day out this trading approach.
For the record my account actually is around +57% in profit using my daytrading style (i'm pushing a little bit with risk per each entry since it's a small account).
This is just to show how difficult could be approaching this kind of trading strategy, and something to ponder if it fits our personality before starting dreaming the big $$$ tsunami!

Skyline
Attached File(s)
File Type: mq4 SQ_showTrades.mq4   10 KB | 464 downloads
  • #513
  • Nov 29, 2014 6:30am Nov 29, 2014 6:30am
My first try at fez style trade......albeit with own slight modifications..........the charts are self expressive.....successful to say the least.......

1. Awaiting entry.........

http://i.imgur.com/RdNIXcD.png

2. Entered at the purple line......

http://i.imgur.com/lk1PFMR.png

3. First support ......well lets see whats ahead!!

http://i.imgur.com/HHggNlJ.png

4. oh my !!!!!!! what to do???? Fez says wait wait .....

http://i.imgur.com/svLEa9v.png

5. Hoo Haa!!!!!

http://i.imgur.com/8mu9C2J.png

Lastly

6. The bigger picture!!!!!

http://i.imgur.com/tB1nr5M.png

One thing I would like to share..............
Your life is your personal fight!!!!
For that, just like you own a specific tailormade DNA, you need to develop a personal TRADING PLAN!!! Watching someone's experiences may surely be used as a guidance but ultimately you have to slog it out!!!!!

Point is.....those who didnt understand Fez, pls dont be sarcastic and most importantly please dont lose hope.........

if thats all he could share, and lemme tell you its a hell lotta stuff he had shared, you gotta respect that and move on.....

wish him good luck and keep searching for your PLAN......someday you will surely get it.

Thanx to you all..........and my gratitude to Fez!!!!!
  • #514
  • Nov 29, 2014 7:00am Nov 29, 2014 7:00am
Quoting AllanS
{quote} Homeopathy isn't medicine, and millipedes isn't trading. Both are hope springing eternal. Brokers, forums and con artists make money out of this stuff. Punters don't. No doubt Fez has received quite a few private messages offering him good money to reveal the secrets of the universe. And ever so reluctantly (such a modest, busy fellow!) no doubt he will agree. You gotta laugh. Seriously. One's born every minute.

Then Allan please share what is on both arguments. Again, so what if FEZ has received offers of money, I have no idea ? It does not affect me but I do know the information he has given is credible, take it or leave it, I don't actually care and won't be drawn in to an argument to satisfy troll like behaviour.

The more you persist about the non genuine motives of FEZ and indeed any member without basis, the more your own credibility diminishes.
Once You See, You Can't Unsee But You Will Get The Odd Poke In The Eye
  • #515
  • Nov 29, 2014 10:19am Nov 29, 2014 10:19am
Quoting AllanS
Nice try. On November 19, Post 6, Fez tells us, "Just to clarify, I do not trade Graeme's method as he taught it." Ah. Here is someone who knows Graeme's method. On Nov 20, Post 51, Fez says, "Patience my dear friend. Due to time constraints I can't post a long post more than perhaps once a day at max, so I'm breaking it down." He's no tease. Here is someone who is very busy. On Nov 21, Post 82, Fez says, "I might close out some of my larger sells for some nice profit, a process I read yesterday that Graeme referred to as "diversification"."...
Building an equity millipede works.I've tasted it and here is some proof http://prntscr.com/5be7mv
You should feel bad for discouraging other member to try it.You should try instead the method to see if it works then post conclusion
I don't care if they are the same person or not.What they have post (greamce has more than 300 quality post) worth more than gold if you can understand their approach.
  • #516
  • Nov 29, 2014 10:59am Nov 29, 2014 10:59am
Quoting Stu Effex
Along with first 20 or so pages of Pipeasy's thread, what FEZ has so diligently shared here is in my opinion all anyone needs. In honour of his effort here are his posts only compiled into a word document. ( split but easily edited into single doc again ) FEZ Best wishes with your future endeavours {file} {file}
Thank you very, very much FEZ!!!
And Stu for the documents also thanks...

All the best and green pips always
There`s no life before COFFEE!
  • #517
  • Edited 1:36pm Nov 29, 2014 1:05pm | Edited 1:36pm
I think the reason the method might work for Fez & not for others is because he makes his entries near S/R areas. They have a better chance of surviving than an entry in the middle of no-where. You might get it to BE & last for a while but to get it to last a long time entering near S/R in a trending market has a better chance.
See illustration below to see why.

***On the GU chart, those 4 entries would be worth about 3,300 pips now. You could have 660 5-pip losers to be @ BE even if all entries did not get moved to BE @ 10 pips profit.

***My suggestion would be to try making entries @ all S/R areas on a daily chart even if you use 20 pip SL. You'll have less attempts but better chance that the entry survives.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Fez method.png Size: 11 KB
Click to Enlarge Name: GBPUSDDaily.png Size: 33 KB
  • #518
  • Nov 29, 2014 1:07pm Nov 29, 2014 1:07pm
Quoting srt
I think the reason the method might work for Fez & not for others is because he makes his entries near S/R areas. They have a better chance of surviving than an entry in the middle of no-where. You might get it to BE & last for a while but to get it to last a long time entering near S/R in a trending market has a better chance. See illustration below to see why. {image}
It also works better if you catch a trend early lol.
  • #519
  • Nov 29, 2014 2:03pm Nov 29, 2014 2:03pm
Quoting stewrigh
{quote} It also works better if you catch a trend early lol.

Keep making entries. Never know when the next 500-1000 pip move will start.
  • #520
  • Nov 29, 2014 3:04pm Nov 29, 2014 3:04pm
Quoting srt
I think the reason the method might work for Fez & not for others is because he makes his entries near S/R areas. They have a better chance of surviving than an entry in the middle of no-where. You might get it to BE & last for a while but to get it to last a long time entering near S/R in a trending market has a better chance. See illustration below to see why. ***On the GU chart, those 4 entries would be worth about 3,300 pips now. You could have 660 5-pip losers to be @ BE even if all entries did not get moved to BE @ 10 pips profit. ***My suggestion...

SRT
thanks for that chart
It illustrates S/R nicely!
0 traders viewing now