If you go into battle and want to win you better have a good weapon, one that can both kill and perhaps more importantly can scare people just by looking at it. So what's the weapon of choice for the boys? It's THRUST. Thrust can both kill and ...

Building an equity millipede

Steve The name of the game is profit but at the same time to make a profit you need to accept risk. The boys know where/how many people trade and therefore know that if price moves in a trader's direction when/where he will likely move the stop to ...

Building an equity millipede

Moving stops to breakeven is the easy thing to do which probably means overtime it's the wrong thing to do. Not moving stops to breakeven, ie keeping the original stop which will result in a loss if executed, is the hard thing to do which means it's ...

Building an equity millipede

He's ignored all right. Just a shame I wasted 2 mins of my life yesterday replying to his post. That 2 mins could have been put to much more productive use, like picking my nose. Nice net profits there.

Building an equity millipede

You're going to feel stupid when I tell you. TA = Technical Analysis!

Building an equity millipede

Hey, let's calm down everyone Both 60m and IAS are right, just coming from different angles. IAS - Yes, billions have been made over the years via TA, a lot has been lost as well. What's interesting is that many of the very successful system ...

Building an equity millipede

As ever, try to trade at the edges. As for TA being crap, there's certainly some truth in that. If so, why not try to work out how the majority use TA, then use that information to your advantage. One way to do this is if TA gets them in, then it ...

Building an equity millipede

Of course no 2 patterns are the same, everything is always different although many trades can setup in similar ways. G's 6 month advice was for entries but to find entries you're going to have to do some analysis so analysis/entires are the same ...

Building an equity millipede

6 months in front of the screen, everyday and all day, will do wonders for anybody's analytical/trading skills. Sadly not everyone has the time or money to be able to do this. Always think of learning to trade as similar to being a good Doctor or ...

Building an equity millipede

You know I'm just being stupid 60. Nice trading there buddy.

Building an equity millipede

Such small profits you're taking 60, don't you understand simple maths? Gold is going to $10,000 minimum and you're taking what, $40-$50.

Building an equity millipede

The boys often USE the figures to create perversity and in turn mega profits for themselves. It took me a long time to realise this. What I'd often do is wait 10-20 minutes after figures for the dust to settle down. But what you'll often see, ...

Building an equity millipede

Out of the cable order. No trade, no loss and sadly no 360:1 winner

Building an equity millipede

I'm giving that Cable trade another 10 mins to stop me in ( till 11.50am London time). If it's not filled I'm cancelling because with these types of trades you want them to snap back quickly meaning the selling down was fake, ie only designed to get ...

Building an equity millipede

Something might be brewing in Cable right now (11.20am London time). See them pop some small stops at 9.22am? Now the boys have smashed in to take out the daily low around 1.6593 Do the boys want to take it higher? Is the rtecent selloff designed to ...

Building an equity millipede

60m I don't have a high win % and I don't take small profits either. 3:1 can never be considered small in this game, ever. It might not be huge on any one trade, but it can be huge overtime...

Building an equity millipede

60m The table makes perfect sense, I understand that. But many things make perfect sense and even more so from a mathmatical angle in this game but CAN ONE TRADE THEM? That really is the key question. Optimal f, using say half f makes perfect sense ...

Building an equity millipede

I would disagree because the flip side is the smaller stop has more of a chance of stopping you out and therefore more of a hidden psychological impact which can also be measured in money. Whatever the case there are many ways to skin a cat in this ...

Building an equity millipede

Yes I do prefer win % over profits because a higher win rate means less mental and psychological impact. But there has to be a balance. This game might be all about profits at the end of the day but what happens during the day is as important, ie ...

Building an equity millipede

A very good trader said to me recently that he likes to trade with 'the most insurance he can afford'. What he meant was that a larger stop is normally always better than a smaller one although the smaller one if it works (stop not activated) offers ...

Building an equity millipede