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Building an equity millipede

  • #7,081
  • Aug 29, 2015 2:55pm Aug 29, 2015 2:55pm
Quoting dreamt1me
This thread is gold, I am looking for someone to talk about this thread information. IF there is someone who understands that this thread is pure gold and is willing to speak about trades/legs/etc msg me please. regards,
I would love to talk about this thread also
  • #7,082
  • Aug 30, 2015 9:14pm Aug 30, 2015 9:14pm
there is not much to talk about, just participate in the market. take actions and stop wasting much time on this forum.

anticipate, participate and growth, all concern about one person, that's you, the trader itself. the rest of the world including this forum, are pure noises.
  • #7,083
  • Aug 30, 2015 10:07pm Aug 30, 2015 10:07pm
Quoting zxdtrader
there is not much to talk about, just participate in the market. take actions and stop wasting much time on this forum. anticipate, participate and growth, all concern about one person, that's you, the trader itself. the rest of the world including this forum, are pure noises.
There is a lot to trading, I do not think forums like FF are noise. We are as good a community as we allow ourselves to be.
If you are good at something, never do it for free--Joker
  • #7,084
  • Aug 31, 2015 2:00am Aug 31, 2015 2:00am
Quoting TheGreatMilenko
{quote} Thanks everyone for taking time to answer me.You're right about the first page scalpz. He also says on the first page that entry is not important then goes on to tell everyone to practice their entries!! Any thoughts? thank you

Mmmm - entry thoughts - how about this logic.
Say fundamentals indicating longer term trend should be up.
Market makers currently have the pair pushed down, to just about 3rd Daily ADR, so price ranging is starting to level out a little over last few weeks.
I did mention long term didn't I.

Option 1. Place pending buy stop above current range. 30 or 50 pips above that place another pending buy stop. Both small lot size.
Disadvantage - the trades get in late. But what does late mean when this is long term trading.

Option 2. Target the other extreme - a lower entry by placing pending buy limit below current range.
Theory being that when price does an over swing down before upwards trend, it will trigger the trade.
Disadvantage - only 1 is triggered. Would have to place the 2nd trade above it after the 1st is triggered.

Option 3. In between targeting, watching for W pattern or big pin bar down, to place a starting pair of similar trades.
Disadvantage - screen time and the old is it or isn't it a W or proper pin ?

Option 4. In between targeting again, maybe a little higher.
This is based on watching 5min chart about an hour before London Open or maybe same before NY open.
When price is slowly pushing down before the open, place a trend line above the 5min bars, when price breaks it, buy.
Load a pending buy stop 30 or 50 pips above again.

Once any of the above have the trades triggered, add the 3rd pending buy stop, another 30 or 50 pips up, as the 1st is set to BE. Repeat for 4th ...



cheers scalpz
Target 2 : Stoploss in the green
  • #7,085
  • Aug 31, 2015 2:18am Aug 31, 2015 2:18am
An 'equity millipede' is the most original way i've ever heard someone describe a pyramid strategy.
  • #7,086
  • Sep 1, 2015 1:50am Sep 1, 2015 1:50am
I am not pipeasy, i am not other pros that left a legacy here in this thread and disappeared long ago.

i am the stupid fool that is still hanging around this forum wasting some time each day trying to look for some fun.

i don't mind sharing my way of trading because i know most of the people won't be bothered and won't believe.

for me,

the first thing to throw out of window is candle patterns, forget about inside bars, engulfing bars, pin bars whatever.

the second thing to do is to remove indicators.

i am on pure naked candle chart.

now, anticipate.

there is no 100% guaranteed thing in the market, period. so to anticipate is to make an educated guess.

in a larger time frame, let's say, 1D time frame, if yesterday's candle's HIGH is higher than the day before yessterday's candle's HIGH, then market continues moving higher is anticipated. i have no statistics to back this theory, you can believe it as it is or otherwise at your own risk or do you own homework.

now to participate, look at today's candle, it's not yet closed, zoom into 15m, or 1H time frame, apply the same theory (if you believe in it of course), only look for buy opportunities to participate which is aligned to the anticipated direction.

hold the position for growth, move SL to BE at your own discretion to eliminate risks.

repeat the same process to build multiple positions then you don't have much time to be wasted on this forum.

this is just one simple way to do it.

or, you can choose not to give a flying fuck about large time frame, you look at smaller time frame, let's say 1h.

your anticipation of the trend will be based on higher HIGH or lower LOW of the smaller time frame. if price continues to make higher HIGH, then it's a up trend, if price continues to make lower LOW, it's a down trend.

in a up trend, your participation is buy only, in a down trend, your participation is sell only.

same shit to place STOP order upon the previous candle's HIGH is taken out in a up trend, hold the position for growth.

lots of positions will die at BE, those that survived will pay your bills.

nothing more is needed in trading, especially the nonsense in this forum, but it's amusement sometimes.
  • #7,087
  • Sep 4, 2015 5:40pm Sep 4, 2015 5:40pm
While I don't go into this daily-fx site much because it is so obviously fxscam advertising ground, I thought I would do a pdf of this post for posterity.
Just to see later, like near end of next year (2016).
Maybe it caught my attention more because in Mar15 & Jun15 I closed out/banked a lot of EU sells taken back from Nov14.

Attached File(s)
File Type: pdf 20150904 eurusd - parity or 0.8225.pdf   201 KB | 1,147 downloads



May be time to extend some EU sell legs. Just tag a few highs and see how they hold

cheers scalpz

OOPS apology to Justin Bennett and Daily Price Action site. Was sure I was looking at the Dailyfx site. My bad
sorry dudes. Interesting article so will read around some more
Target 2 : Stoploss in the green
  • #7,088
  • Sep 14, 2015 5:48am Sep 14, 2015 5:48am
Quoting zxdtrader
I am not pipeasy, i am not other pros that left a legacy here in this thread and disappeared long ago. i am the stupid fool that is still hanging around this forum wasting some time each day trying to look for some fun. i don't mind sharing my way of trading because i know most of the people won't be bothered and won't believe. for me, the first thing to throw out of window is candle patterns, forget about inside bars, engulfing bars, pin bars whatever. the second thing to do is to remove indicators. i am on pure naked candle chart. now, anticipate....
+1
  • #7,089
  • Oct 3, 2015 5:43am Oct 3, 2015 5:43am
Quoting zxdtrader
I am not pipeasy, i am not other pros that left a legacy here in this thread and disappeared long ago. i am the stupid fool that is still hanging around this forum wasting some time each day trying to look for some fun. i don't mind sharing my way of trading because i know most of the people won't be bothered and won't believe. for me, the first thing to throw out of window is candle patterns, forget about inside bars, engulfing bars, pin bars whatever. the second thing to do is to remove indicators. i am on pure naked candle chart. now, anticipate....
Hi zxdtrader,

You've simplified everything in this thread and a good working model. If you don't mind can you give an idea about stop loss? say like previous high / low or simply 100 pips like that...

Thanks for your sharing.

With Regards,
Bendz
  • #7,090
  • Oct 5, 2015 12:41am Oct 5, 2015 12:41am
hi Bendz,

I hoped to have contributed something if it's deemed useful and I don't want to take any credit for doing that.

every trader has its own way of trading and there is no right or wrong.

for me, the candle body high and low +/- a few pips, serve the purpose of entry and exit.

i think Pipeasy and the pros here would agree that the stop loss must be meaningful, not by how many pips, but by a reason that is based on logic.

if a candle is anticipated as the beginning of an UP move, breaking through its HIGH is meaningful because price continues in the anticipated direction, however if its LOW is broken, the anticipation of moving UP seems questionable, the question here is, should I really put stop loss below the LOW of the setup candle? or should I let the current candle close, with a new LOW of course, and set my stop loss below its new LOW?

it's hard to tell which one is better than the other as they both can happen,

logically, 2nd approach seems more logical because after the candle that broke the initial setup candle's LOW in an anticipated UP trend, if the new LOW is broken again signalling price wants to continue moving DOWN which invalidated the original anticipation of moving UP.

the drawback of 2nd approach is, the cut loss could be huge and the mental challenge of staying sane in the duration of the reverse movement is to be handled properly.

1st approach is simple and straightforward, but be prepared to re-enter.

if i can sit in front of my PC, i prefer to the 2nd approach, otherwise, 1st approach for its simplicity.
  • #7,091
  • Oct 5, 2015 3:37am Oct 5, 2015 3:37am
My hindsights based on monthly time frame. eurusd - down, usdjpy - up, gbpusd - down, audusd - up, euraud - down, cadjpy - up, gbpaud - down
  • #7,092
  • Oct 5, 2015 12:09pm Oct 5, 2015 12:09pm
Quoting zxdtrader
hi Bendz, I hoped to have contributed something if it's deemed useful and I don't want to take any credit for doing that. every trader has its own way of trading and there is no right or wrong. for me, the candle body high and low +/- a few pips, serve the purpose of entry and exit. i think Pipeasy and the pros here would agree that the stop loss must be meaningful, not by how many pips, but by a reason that is based on logic. if a candle is anticipated as the beginning of an UP move, breaking through its HIGH is meaningful because price continues...
Hi zxdtrader,

Thanks. I've got it. For my mentality, the 1st approach is best suited for me

Thanks for your guidance.

With regards,
Bendz
  • #7,093
  • Oct 23, 2015 3:43am Oct 23, 2015 3:43am
Quoting TheRealDeal
{quote} I tried on purpose not to mention about how big boys trade and move the market, because this is advanced stuff and will confuse the new traders here. Unfortunatelly it is a fact and it has a lot to do with the market structure. So imagine you run a hedge fund with 600 mil $. Your clients wish that their orders are executed at the best possible price. They want to buy at bottoms and sell at tops. Let take a buy as example. In order to execute these big buy orders at bottoms you need to have a lot of traders in sell postions at same time to...
Beautiful explanation. Thanks.
  • #7,094
  • Oct 24, 2015 4:16pm Oct 24, 2015 4:16pm
Quoting TheGreatMilenko
I've read all of what Pipeasy has said. Perhaps someone could help me. At the start of the thread he is saying that finding the direction of the weekly/monthly trend is the most important thing. You trade in this direction. But after , I think, 11 pages or so, he is saying that he both buys and sells?? So why would the main trend direction be important? I fully understand why a method like this will make profits of enormous dimensions. But could someone throw some light on the buy/sell main trend direction please? Thank you in advance.
Choice SL or Hedge. I would go hedge to protect my position. When my hedge will return back to zero meaning the trend resume I either close the hedge/ let it run. or add your position. Pipeasy is not using SL but follows the trend (trend /or trend within the trend).
  • #7,095
  • Oct 26, 2015 5:50pm Oct 26, 2015 5:50pm
Quoting timos
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
The html page is down unfortunately.

Please whoever has it can repost
  • #7,096
  • Nov 16, 2015 1:45am Nov 16, 2015 1:45am
Hey, can someone explain how Mr. Graeme stacked his positions? thanks.


regards,
  • #7,097
  • Nov 16, 2015 12:54pm Nov 16, 2015 12:54pm
Quoting dreamt1me
Hey, can someone explain how Mr. Graeme stacked his positions? thanks. regards,
No one is going to give you an answer because there is really no answer. You have to figure that yourself...Graeme gave us a method and not a system, that is up to you. Me personally say I risk 1.2% which is my default percentage ... once I move stop loss to breakeven I can risk another 1.2% thereby having a "constant" risk as opposed to opening 3 positions with 0.4% risk. At the end of the day it depends on what you are "psychologically" comfortable with because it is your account anyway. Hope that helps lead you in the right direction
  • #7,098
  • Nov 17, 2015 3:16pm Nov 17, 2015 3:16pm
Hey Dreamt1me you can check this link where Graeme was talking about stacking http://www.forexfactory.com/showthre...74#post3937474 post 766 of this thread and maybe a page earlier. A little too aggressive for me but its still a style
  • #7,099
  • Nov 17, 2015 7:13pm Nov 17, 2015 7:13pm
dreat1me, another option is to place your pending sell stop trades and wait for the bus to run over them. Especially if the bus has backed up/ retraced a little.
Same for buy stop trades of course, if that is what you anticipate your participation will be.

chees scalpz
Target 2 : Stoploss in the green
  • #7,100
  • Nov 18, 2015 7:41am Nov 18, 2015 7:41am
The waiting game is the toughest part....all scouts sent out (if I could call them scouts) and unfortunately no more margin left It will be nice to see how others are progressing.
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