I'm glad you have found a way of trading that works for you Calc. Can I ask how long you tried the millipede strategy for, the reason I ask is G mentioned is a few posts you could spend a few months just being stopped out at BE or even longer. I ...

Building an equity millipede

I don't think you can judge a method or trading framework based on the posts in the thread. The issue with a stack going to breakeven is something that can mitigated by talking profit a percentage of the stack earlier than Greame would suggest, say ...

Building an equity millipede

Thanks, this is something I need to work on. So this can be horizontal S/R, Fib levels on bigger swings, trend lines, 200 EMA, big round numbers etc all from higher time frames?

Building an equity millipede

Thanks for this, it makes sense. I have been going back and forth over how to enter and I think to fully realise growth potential one has to get good at 5min low risk entries in order to build a decent sizes position. Entering as per ones entry ...

Building an equity millipede

If a 82 pip spike is putting you account in danger then you are over leveraged for your account size. This is one of the reasons I like to avoid the smaller time-frames you could have a 20 pip stop at 1% of your account (or no stop) then a news ...

Building an equity millipede

Yes I think you would do, yet J16 says the opposite but I am inclined to agree with Greame. However I think the whole interpreting price action thing is quite simple. There are only two basic elements to a chart, price and time, and time is ...

Building an equity millipede

I agree with everything you said, in a later post I also mentioned that I came to that realisation. You cannot predict but you you MUST be participating in order to catch moves. These might be 40-100 pip moves on lower TF or 1000+ pip moves on ...

Building an equity millipede

Hi Vex, I came to that conclusion also and I have been trading using the dailies to enter. I have set up a VPS running my live Metatrader (Alpari UK SB) and created an indicator that emails me (using gmail smtp and stunnel) straight to my gmail from ...

Building an equity millipede

Unless one is able to trade full time it's going to be difficult to trade anything lower than 4hr and even that will be difficult. When I initially read the start of this thread I was enthusiastic because Graeme talked about entering on Dailies and ...

Building an equity millipede

Its on the high side, however the other factors like 0 tax and being able to hedge as well as it being regulated by the FSA in the UK override that for me. There are other pairs with tighter spreads. As a position trader 8 pips is a drop in the ...

Alpari.co.uk Discussion

I am going back through Greames posts and cutting them into my evernote notebook whilst re-reading them,also tagging them based on the points he making, i.e. entry, participation etc. I think this is a good exercise to have a reference to go back to ...

Building an equity millipede

Hump day? Oooeerrr!

Alpari.co.uk Discussion

Apologies Alex, I'm at work right now and have been emailing someone named Andrew.

Alpari.co.uk Discussion

Thanks for the swift response Andrew. Regards Mark

Alpari.co.uk Discussion

Hi, I have opened a SB account pretty straigh forward. I had a few questions. Is there a rollover fee/interest or any another costs apart from the spread? Are withdrawls free and instant? Regards Marki

Alpari.co.uk Discussion

Thanks for the great reply. I agree with you on the live trades and how to read price action, they are so full of great knowledge. I guess watching positions die at break-even after weeks/months can be mitigated by having shorter term profits. By ...

Building an equity millipede

If we agree with Greame about it being impossible to predict the next 30-100 pip move direction then the whole idea of razor sharp low risk entries on the lower timeframes is not really possible. The way forex retraces and whipsaws on the smaller ...

Building an equity millipede

Thanks for the reply VEEFX. I think it's good to add on retraces to get a good price and avoid drawdown however I don't want to get into trying to forecast where price is going. One of the most important ideas that I think greame tried to ...

Building an equity millipede

Thanks Alex, It sounds ideal for me, What is the minimum bet size? Update: I looked at the FAQ and it seems it's 10p

Alpari.co.uk Discussion

Of course you are correct. I am still deciding on a broker. I wan't to be able to trade micro lots and hedge in order to trade with low risk on the higher time frames. I plan to scale in microlots as the price trends to slowly build a larger ...

Building an equity millipede