Been busy, have been demoing this system a bit more, found a flaw that I did not think of earlier. Will restart at a later date as soon as I figure out how to avoid this problem in the future.

Position Trading Journal

I know this is an old thread, but I have often wondered how true the stop hunting is. I have always traded with a large well known broker so not sure what goes on with the smaller brokers. But I have seen spreads widen and take out my stop, on the ...

Forex Mythbusters

Not much going on today still just the one trade, markets not moving much at the moment. This is a long term strategy so there will be a lot of boring times, which is hard to get used to. It is hard to resist that one trade just to pass the time. ...

Position Trading Journal

Bullish engulfing on 1 hr (almost did not quite engulf). image Inverted hammer on 15 min was my trigger for long. image Was off of a 4 hr trend line, and could be making the right shoulder of a small inverted head and shoulders on the 15 min. ...

Trade what you see NOT what you expect

Nice looking pin on 1 hr g/u, looking to get in on price action from 15 min somewhere in the wick for a long . Comments welcome. image Off of a trend line and previous price action from 1 hr and 4 hr, will take partial and cover at 200 ma on 1 hr, ...

Trade what you see NOT what you expect

Yes it was a cross and reverse, it crossed by a few pips had a small wick. Would have been a decent trade if the conditions were different

Trade what you see NOT what you expect

I am aware of the stupidity of the second trade, Not sure why I jumped in, anyway, this is the second time I have done that. Guess I always want to be in a trade, need some self control.. If I had of stayed in the short I never would have even ...

Trade what you see NOT what you expect

Took a beautiful short off the 1 hour 62 on cable, she is at +70 and still going Why the frown? Because I bailed at +5, and took a losing long and ended at -30. Is ok though, caught the 5ma bounce, covered green, +20 as we speak. Edit: BTW the ...

Trade what you see NOT what you expect

That makes 2 of us, at least there are a few traders still hanging around. It looks like there is enough info in the thread and pdf's to support the method though. I have only been trading this for a couple of weeks but thus far the results are ...

Trade what you see NOT what you expect

FIFO does not affect IBFX, they do it through their reporting. Your trades are yours to close as you wish. You can open a second account and take trades in opposite direction, thus hedging.

Building an equity millipede

Seems to be picking up on U/J.

Build an Equity Millipede with the filtered Flying Buddha

If you see an FB and MA cross, then enter. If that entry stops out would you retry an entry? Or if the first entry stops out do you consider it invalid?

Build an Equity Millipede with the filtered Flying Buddha

There is one thing I am unsure of about the way you trade, currently we have a few 4hr down candles on U/J. When do you decide to start buying again at the .50 fib? Would you take a loss on all the down candles? Or would you take a loss or two and ...

Build an Equity Millipede with the filtered Flying Buddha

Not sure about your broker but if they offer micro lots here is an idea, move up to .11 per trade, then .12 etc. It is what I am doing anyway, may not be an option for you though. After a few successful trades I up it .01, then after a few more .02 ...

Build an Equity Millipede with the filtered Flying Buddha

That would be one mother of a candle, I know it could happen but not real likely. Of course there could be a candle the same size to the up on Monday, we never know .

Build an Equity Millipede with the filtered Flying Buddha

Your drawdowns will be easier to handle, but when all the pairs are ranging for extended periods you will have dry spells. And drawdown , then a massive profit explosion. Not sure if they will be as large as the initial one, they could be larger ...

Build an Equity Millipede with the filtered Flying Buddha

It would be a larger loss than you usually take on a stacking trade is what I was getting at. And presumably you lose a lot more of those at stop loss than you do initial entries. I am not trying to say not to do it, just want to make sure you see ...

Build an Equity Millipede with the filtered Flying Buddha

Kind of wish I had taken it live oh well, I did catch an easy 20 pips on the 3x20 exercise from it though.

Build an Equity Millipede with the filtered Flying Buddha

I was thinking about that as well. The problem is the first couple of entries you would be taking before the trend has proven itself. So you would be upping your risk before the trend is well underway. Now it would pay off in spades after the trend ...

Build an Equity Millipede with the filtered Flying Buddha