Total trades: 20+ Losers: 12 Winners: 5 Total realized gain/(loss): +121 from diversification Active trades: GBP/USD short 1.55793 +122 USD/CHF short 1.02938 +123 USD/CAD short 1.06349 +241 EUR/USD long 1.27706 +119 Total unrealized gain = +605 Its ...

Building an equity millipede

Honestly whoever doubted this methodology is pretty ignorant. I needed this kind of tutelage in order to bring together a variety of information that I just couldn't put together. I've been trading FX for 3 years now without mediocre results, ...

Building an equity millipede

Hey Graeme, I'm going to say that chart B is the 5 min and chart A is the weekly. I believe this is true because chart B has candles with much longer ranges and price changes direction much more frequently and quickly then chart A. Hope this makes ...

Building an equity millipede

Thanks for going into the larger time frames. At this point its just a matter of practice and perseverance to perfect the knowledge that you have given us. I still find that you've left enough room to allow me to mold the techniques to suit my ...

Building an equity millipede

Yep its unfortunate that it didn't pan out but I didn't lose much at all because of the move higher. I'm still unconvinced of the GBP/USD move higher until it breaks 1.5600, I still think there could be more chances to short. Let's se what happens

Building an equity millipede

I totally see what you're doing. I'm ready to stack another GBP/USD position at 1.5552. Hopefully it pierces this with ease and doesn't see this price again for many weeks or months hopefully years. EUR/USD a little hesitant, I unfortunately only ...

Building an equity millipede

Hi Graeme, I have seen vast improvement in my trading since I've started following your thread. The 5 min chart has been tremendous for entries and I have been limiting losses to virtually nothing. I want to continue participating in the market and ...

Building an equity millipede

GBP/USD made a nice move downwards at 1.5550. First time I've managed to stack another 2 positions as the trend develops from 1.5600. I wish it wasn't 2 a.m in Toronto otherwise I'd stay up tracking the markets. I really think this plays a major ...

Building an equity millipede

Hi Graeme, I was looking for a range around 1.2750 and the price to subsequently breakout out in whichever direction momentum presented itself. I chose this course of action at 1.2750 because it was friday's low and I wanted to test out how the ...

Building an equity millipede

I managed to catch up to this thread and I have to say I'm not just learning from Graeme. I definitely wasn't creative enough to figure out how to apply Dr. Van Tharp's position sizing methodology of scaling into the market with the trend. Graeme I ...

Building an equity millipede

I mean there are some good ideas from the turtles like normalizing risk but following their system 100% may not be relevant. Don't get me wrong there are a few things you can get out of it. You can use a support and resistance indicator. Its based ...

Good breakout systems?

Hi Forexlion, Just a couple questions for you. Do you scale into your positions (add lots as trade goes in your favour) Do you have a strict stop set or do you scale out at S/R levels? Do you take partial profit at S/R levels and let the rest ride ...

Indian Guru Trading Majors

Ben that's some great insight, I really appreciate it. I will look into your suggestions and be better prepared for future trades. I'm definitely not as far into this as you are and it'll take some time but i'm looking forward to learning this ...

james16 Chart Thread

Thanks for your thoughts. I'm new to this so when you say waiting for PA to trade a possible rejection are you looking for another pin or a bearish outside bar in order to short at this level? This level looks to be important and it would make a lot ...

james16 Chart Thread

what a beautiful setup on the GBP/USD on the weekly with the pin. A pin also developed on the EUR/USD weekly but not as nice as the pounds. I'm dumb for not taking that setup since i recognized it on sunday, instead I took the bullish outside bar on ...

james16 Chart Thread

LasVahGoose Thanks for your reply. I share your thoughts on mentorship. All I'm looking for is to stack the odds in my favour and learn faster. Its definitely not a guarantee that anyone will succeed with a mentor. There is no substitute for effort ...

Forex Mentors - The Best Investment You Can Make?

I've looked at James16 thread and I enjoy the overview he provides. I think I can be successful and utilize his help. I think the money that he's asking for isn't absurd. I've seen so many forex guru's selling their "systems" for thousands of ...

Forex Mentors - The Best Investment You Can Make?

mongreldog66 Thanks for the links, most appreciated. I wish you the best with your trading.

Forex Mentors - The Best Investment You Can Make?

That makes a lot of sense and I'd love to have a mentor. Can you guys give me some suggestions about finding a mentor? I feel as though I have some understanding of what I'm doing but I know that an experienced trader could send me down the right ...

Forex Mentors - The Best Investment You Can Make?