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Building an equity millipede

  • #6,941
  • Jan 6, 2015 3:18pm Jan 6, 2015 3:18pm
Quoting marypipins
{quote} Have you taken a look at this thread? http://www.forexfactory.com/showthread.php?t=514127 It is by a person who followed Graema"s ideas somewhat and seemed to have raving success. The main point I took from it was the "non importance" of a perfect entry. It is definitely worth a read and should add inspiration to the fire. Lisa
Thank you, Marypipins,

I will definitely check out what he is doing there. I also found a link to Hollowhead's thread in that one. Seems he is also doing a Millipede approach.
  • #6,942
  • Jan 6, 2015 3:22pm Jan 6, 2015 3:22pm
Quoting ProsteJa
{quote} I did something similar. Not exactly the same exercise because I have found this thread only couple of weeks ago but I had been learning how to trade with very low risk on S/R. I had been doing this exercise for around 3 years and what I learned due to this exercise? A lot. 1. how to enter with low-risk with good win rate 2. small risk is not a real risk 3. patience 4. being able to take loss very quickly and admit it 5. accept that market is right all the time and I make small bets and not nuclear physics 6. discipline 7. different thinking...
Excellent info, ProsteJa. I won 2 our of 4 entries yesterday, but ran out of time to get #3. Today, I won 3 out of 4, so not bad to begin. Immediately, I find myself looking at "wicky" candles and remembering Graeme's teachings about their interpretation. It's been awhile since I just traded naked charts. But yes, I anticipate kicking my own rear end many times along the way.
  • #6,943
  • Jan 6, 2015 3:26pm Jan 6, 2015 3:26pm
Quoting Pipskateer
{quote} Excellent info, ProsteJa. I won 2 our of 4 entries yesterday, but ran out of time to get #3. Today, I won 3 out of 4, so not bad to begin. Immediately, I find myself looking at "wicky" candles and remembering Graeme's teachings about their interpretation. It's been awhile since I just traded naked charts. But yes, I anticipate kicking my own rear end many times along the way.

Punch often with high precision. And believe that everything is possible if you want.

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Lose small, win BIG
  • #6,944
  • Jan 8, 2015 8:31am Jan 8, 2015 8:31am
Hello everyone,

I've just found this forum yesterday and trying to go though step by step..... Wish I found this 4 years ago.

Can anyone please tell how I can see the pictures/charts those attached by Graeme starting from page 7 ? When I clicked on it only an advertisement video came out and I don't see a link to the charts.

Thank you.
  • #6,945
  • Jan 8, 2015 8:51am Jan 8, 2015 8:51am
Quoting milldo
Hello everyone, I've just found this forum yesterday and trying to go though step by step..... Wish I found this 4 years ago. Can anyone please tell how I can see the pictures/charts those attached by Graeme starting from page 7 ? When I clicked on it only an advertisement video came out and I don't see a link to the charts. Thank you.
Hi Milldo,

Pipskateer uploaded the documents. I've downloaded and just completed the 1st part. It's really a nice one.

You can download them from his post.

1. http://www.mediafire.com/download/r6...3+page+102.pdf

2. http://www.mediafire.com/download/8s...2topage233.pdf
  • #6,946
  • Jan 8, 2015 9:03am Jan 8, 2015 9:03am
Thank you Bendz for sharing & informing, thank you Pipskateer for such nice documentation.
Any advice to speed up my learning here would be highly appreciated.
  • #6,947
  • Jan 8, 2015 11:43am Jan 8, 2015 11:43am
Too much emphasis on the charts, they are the least important thing g had to show us
  • #6,948
  • Jan 8, 2015 3:59pm Jan 8, 2015 3:59pm
Quoting verv
Too much emphasis on the charts, they are the least important thing g had to show us
I agree..What's important IMHO is participation... getting your entries to at least b/e and then if iI may quote Buzz Light Year "to infinity and beyond."
  • #6,949
  • Jan 8, 2015 6:20pm Jan 8, 2015 6:20pm
if participation can solve the lock, why 5 billions folk on earth do not participate??? i can't help wondering, seriously........

it's always been a dilemma.

you need an edge to apply this method successfully, however, why would one need to trade this way if he has an edge?


Quoting marypipins
{quote} I agree..What's important IMHO is participation... getting your entries to at least b/e and then if iI may quote Buzz Light Year "to infinity and beyond."
  • #6,950
  • Jan 8, 2015 7:06pm Jan 8, 2015 7:06pm
Quoting charvo
if participation can solve the lock, why 5 billions folk on earth do not participate??? i can't help wondering, seriously........ it's always been a dilemma. you need an edge to apply this method successfully, however, why would one need to trade this way if he has an edge? {quote}
I'm using the word. "Participation" in the sense that Graeme used it. I once heard it said "the greatest challenge of the markets are their simplicity."
  • #6,951
  • Jan 8, 2015 7:25pm Jan 8, 2015 7:25pm
Quoting charvo
if participation can solve the lock, why 5 billions folk on earth do not participate??? i can't help wondering, seriously........ it's always been a dilemma. you need an edge to apply this method successfully, however, why would one need to trade this way if he has an edge? {quote}
For me personally it isn't just participation, it is participation with the major trend, backed up by the fundamentals - if I understand them.

G hedges, his is a wholesome strategy for participation, he takes whatever the market is giving him and there is significant skill in G's execution execution to allow that - don't be fooled, most people cant make the concepts in this thread work, I have seen with my own eyes the explorers on here. Take the important concepts and apply what you know to them, that was always G's intention.

Regarding the 5 billion not participating. Most people aren't interested in how the world works, some are just happy getting on with their lives each and every day. You mention forex and most won't even know what the word means, even stocks, only 20% of people in my country own a share. To put your money on the line takes a certain type of person, usually someone unhappy with his/her lot and wants to better themselves. And of those that try most won't be able to handle the emotions of putting real money on the line. Very few people try it, even fewer people can handle it, and fewer still can succeed at it.

if you look at the stats from the brokerages on any given quarter, 66% of people are losing money, with 33% winning some money. Over several years (many quarters) this adds up to 90%+ of people losing money and quitting. Given that most of the information required to be at least partially successful is freely available online we must draw the conclusion that most people simply aren't able to trade profitably even when they are told exactly what to do.
  • #6,952
  • Jan 9, 2015 1:56am Jan 9, 2015 1:56am
Quoting milldo
Thank you Bendz for sharing & informing, thank you Pipskateer for such nice documentation. Any advice to speed up my learning here would be highly appreciated.
Hi milldo,

Patience is the key to success. Don't place any order before reading half of the first pdf. If you read the pdf, you know it.

Best of Luck for your success.
  • #6,953
  • Jan 9, 2015 8:40am Jan 9, 2015 8:40am
Quoting Bendz
{quote} Hi milldo, Patience is the key to success. Don't place any order before reading half of the first pdf. If you read the pdf, you know it. Best of Luck for your success.
Thank you, Bendz.... am reading pdf slowly, carefully and repeatedly...

Success...
  • #6,954
  • Jan 9, 2015 11:45am Jan 9, 2015 11:45am
Quoting milldo
Hello everyone, I've just found this forum yesterday and trying to go though step by step..... Wish I found this 4 years ago. Can anyone please tell how I can see the pictures/charts those attached by Graeme starting from page 7 ? When I clicked on it only an advertisement video came out and I don't see a link to the charts. Thank you.
Hi Milldo,

I would also suggest that you download this Word doc from Danjuma's post a few above. Here is the link:
http://www.forexfactory.com/showthre...97#post7973197

His document contains a few more of Graeme's latter charts beyond those contained in the PDF files you already have now. I think we're only missing charts now from the last 20 or so of Graeme's final posts. I'm hoping someone else has archived them and will post at some point so we can have a complete archive.

I DID see this thread three years ago, but was too distracted by other things to commit myself to it. After maturing my concepts of money management, I am now finding myself here again because THIS is the real deal. It's now just a matter of following the Nike ad campaign...

"JUST DO IT!"
  • #6,955
  • Jan 9, 2015 11:50am Jan 9, 2015 11:50am
Quoting verv
Too much emphasis on the charts, they are the least important thing g had to show us
That is purely a matter of personal opinion and one which I do not share. Those charts are part of the complete whole of what Graeme was trying to teach and they contain very good information that clarifies and enhances many of his words. Not everyone is able to learn as efficiently from pure text. Many people absorb things from visual details that cannot be conveyed by text alone.
  • #6,956
  • Jan 9, 2015 12:23pm Jan 9, 2015 12:23pm
Quoting Pipskateer
{quote} That is purely a matter of personal opinion and one which I do not share. Those charts are part of the complete whole of what Graeme was trying to teach and they contain very good information that clarifies and enhances many of his words. Not everyone is able to learn as efficiently from pure text. Many people absorb things from visual details that cannot be conveyed by text alone.
Most people are trying to reverse engineer G's entry, and his style of trading. G specifically said not to do that, but to use your own entry method. I believe the point of this thread was to take your methods and apply them to what G taught.

Not saying that is what you did, but pretty sure that is the reason for most of the enquiries.
  • #6,957
  • Edited 2:01pm Jan 9, 2015 12:37pm | Edited 2:01pm
Quoting charvo
if participation can solve the lock, why 5 billions folk on earth do not participate??? i can't help wondering, seriously........ it's always been a dilemma. you need an edge to apply this method successfully, however, why would one need to trade this way if he has an edge? {quote}
I can only give my own perceptions which may or may not resonate with anyone else. But I hear a lot of people use the word "edge" in trading discussions. Yet, that term is not well-defined, at least in my view. What I perceive as "an edge" is a combination of positive factors which, in the aggregate, tend to put probabilities in our favor. But even in the best combination of those factors, it's ALWAYS about probabilities. There are ZERO guarantees in trading or in life. You either manage risk and focus on high probabilities, consciously putting the high "R" math on your side, or you are a shoot-from-the-hip gambler.

Graeme was absolutely right in saying that participation was key. But I also think he implied some other things that were left unspoken. While participation is certainly necessary, I do not imagine that he meant participation alone apart from quality. I may be entirely wrong, but I do not think raw participation alone is going to produce much apart from failure which the majority of traders already experience. In my view, it is participation multiplied with intent, with focus, with purpose, and with high quality. Perhaps it is ALL those elements which were embodied in his statement that you need:

1. Participation
2. Low Risk Entries
3. Growth

To me, the "edge" is found in combining all those things together to produce the most likely positive outcome the market can offer. Remove any one of those above elements, and the three-legged table will crash to the ground.
  • #6,958
  • Jan 9, 2015 12:46pm Jan 9, 2015 12:46pm
Quoting verv
{quote} Most people are trying to reverse engineer G's entry, and his style of trading. G specifically said not to do that, but to use your own entry method. I believe the point of this thread was to take your methods and apply them to what G taught. Not saying that is what you did, but pretty sure that is the reason for most of the enquiries.
If that is the case, then each individual's results will reveal the purpose that was truly intended. My own purposes are only to document and understand as much about what Graeme was trying to convey as possible and to avoid unnecessary mistakes. Graeme was not posting willy nilly. If he posted it, then I suspect it was valuable for some reason. Trying to reverse engineer what is already laid out in good detail is rather pointless, wouldn't you say?
  • #6,959
  • Edited 2:04pm Jan 9, 2015 1:34pm | Edited 2:04pm
My personal plan since coming back to the Equity Millipede approach in December was to begin the 3X20 exercise on Monday, January 5th and carry it to completion for six months just as Graeme said to do. I'm not sure how many of those from 2010-2011 who were here when Graeme was actively posting ever completed this exercise, but I suspect the numbers were few. Having the internal discipline to start and complete a task and to follow a simple rule set consistently over time is a necessary element of "participation." This has been a struggle for me in the past that I strongly desire to overcome.

I am pleased to say that I have begun the 3X20 exercise on time and have stuck with it this entire week. It has been many months, perhaps even a whole year, since I even opened a chart. So, I was very surprised that my results were even remotely positive. After one week, I actually had 12 wins and only 6 losses. I also had three trades that were erroneous entries (1 wrong direction...and 2 from dropping pending orders onto the screen too close to market. ). These were immediately corrected and closed for a small net loss. I paid no attention to money management on this exercise and all trades were 1 standard lot with a $5000 starting equity balance which amounts to about 4% risk per trade at 20 pips SL. I would NEVER do that for real, so the positive $800+ equity showing for the week is absolutely meaningless. I had two days where I could not get three winners in time, Monday and Thursday. I also had two days where I won three in a row for the day with no losers. Thursday was pitiful PA though. I felt I made technically decent entries with my first three trades going almost to TP before coming all the way back to hit the SL.

Anyway, I just wanted to encourage anyone who has not done this exercise to DO IT... I have already seen improvements in my perception with just one week of sticking to naked PA for making my decisions. I intend to carry this through for the full six months. Accomplishing that ALONE will be a positive benefit for me.
Attached File(s)
File Type: zip Pipskateer_3X20 Trade Report.zip   9 KB | 602 downloads
  • #6,960
  • Jan 9, 2015 6:43pm Jan 9, 2015 6:43pm
Quoting Pipskateer
My personal plan since coming back to the Equity Millipede approach in December was to begin the 3X20 exercise on Monday, January 5th and carry it to completion for six months just as Graeme said to do. I'm not sure how many of those from 2010-2011 who were here when Graeme was actively posting ever completed this exercise, but I suspect the numbers were few. Having the internal discipline to start and complete a task and to follow a simple rule set consistently over time is a necessary element of "participation." This has been a struggle for me...

Hi mate,

I'll join your journey. I will take only partial profit and rest will leave for growth. We can get in touch on skype or fb and you could explain me what are rules of taking those trades. I will join you on real account if you don't mind...

Feel free to send me PM
Lose small, win BIG
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