Benefits of flying buddah. Often needs a smaller than usual stop loss, flying buddahs are often smaller bars. When price shoots away from MA it often comes right back to it. This will often allow you to get to BE even on unsuccessful ones. Can ...

Trading Equity Millipede Concept by Concept

Last two posts I showed the original Joe's method. And showed some parralels between it and equity millipede. Now, this is how I plan to trade it. I will be using Daily instead of 4 hour. Mainly for time management reasons. My entry and stacking ...

Trading Equity Millipede Concept by Concept

Parallels The equity millipede is about buying into the trend, adding positions when it is going your way. Holding positions until you have a reason to exit. Graeme begins by looking for a reason to buy or sell. When he sees a reason, he will buy it ...

Trading Equity Millipede Concept by Concept

Have a little bit more time today than I thought I would. So, will go ahead and outline the original rules of Joes method. And then I will show the rules I will be trading. There are two indicators, I do not trade indicators and place little ...

Trading Equity Millipede Concept by Concept

When I first read about Joe's method I kind of glossed over it. Later on I realized, Joe's method describes equity millipede only on a smaller scale. The only thing I can think of it does not give examples of is the way he hedges. Anyway, when I ...

Trading Equity Millipede Concept by Concept

Both positions still in, market still has not moved much.. May not get another trade this week. Have funded a second account, will look to start trading Joe's method next week. If you are not familiar with Joe's method, I will post the information ...

Trading Equity Millipede Concept by Concept

Price has not moved much, nothing to do today but wait and try again tomorrow.

Trading Equity Millipede Concept by Concept

Just curious why those three pairs long term more of a range than trend, atm anyway. Much better long term trends atm. EurJpy and GbpJpy for example.

Shotgun Trading

Not sure if I will be entering today either, candle has barely moved my direction at the moment after a 40ish pip retrace. 1st position +135 2nd position +11 We have about 5 hours, price could move a lot in that time. Not sure how much it would have ...

Trading Equity Millipede Concept by Concept

Still a bit before the close, likely will not be adding today. Yesterday's position is negative still. Will not have more than one position at risk at one time, until account grows a bit. 2 still open on EurJpy Position 1 +106 Position 2 -18.7 Way ...

Trading Equity Millipede Concept by Concept

Ahh gotcha, if I were very confident the results are repeatable, would close very little. Would close a little still though. Would leave most running until I see signs of trend stalling/reversing and re-evaluate. After taking a little profit, would ...

Shotgun Trading

Ok, I am not hesitant, I see a snap shot of where you currently are. Equity compared to balance, I have no clue how long it took to get there, what kind of loss you had, how well you sleep at night etc. Do not know your starting balance, whether the ...

Shotgun Trading

Peter Crowns, been a while since I read his thread. Pretty sure he is long gone. May have to revisit it some time soon. They are all doing the same basic thing, just in a way that suits their psychology. Myself, I would treat it differently ...

Shotgun Trading

Good question. Before I answer, I am not you, I will not see the market exactly as you would. But, it really depends. If I were just starting the method, I would likely bank enough to raise my balance a bit. Reasons for that would be, to ensure my ...

Shotgun Trading

Several pairs trending at the moment. AudUsd AudJpy GbpJpy EurJpy Several pairs are also approaching monthly resistance lines. EurUsd UsdJpy GbpUsd Keeping an eye on them for a break or bounce. Sticking with EurJpy until it turns on me.

Trading Equity Millipede Concept by Concept

Agree wholeheartedly, the whole thread is worth a read. Not far into the thread everyone lost their way though. They quit looking at the long term trend, started taking 5 minute entries. Nothing wrong with a well timed entry off small timeframes, ...

Shotgun Trading

Timeframes These are very important. I only trade the daily, atm. Their are many reasons for this. Limited time is a big one, I can spend a minute or two a day. Even if I had the time, I would likely still be trading the Daily. I used to trade the 5 ...

Trading Equity Millipede Concept by Concept

I open my position shortly before the close of the candle. The reason for this is, the spread rises a lot at the close of daily on Oanda for some reason. I do not remember it being this way in the past, but it is rather annoying.

Trading Equity Millipede Concept by Concept

So far have had 4 trades. One loss of 30 pips. One BE. 2 active one is +120, stop loss on that one is at BE. The second was just opened, is at -3 currently, stop loss is 70 pips on that one. Both open positions are on EurJpy Is nice that we have a ...

Trading Equity Millipede Concept by Concept

Nice, I need to go back and read a bit about your strategy, We are likely trading similar methods, since I saw your posts in Equity Millipede.

Shotgun Trading