Yes there's movement in the pairs Vee but I'm not sure about liquidity over the last few weeks. Liquidity to me is not volume, it's the amount of traders (of whatever size) conducting 2 way business. Volume therefore could be 200,000 lots a day ...

Building an equity millipede

Too true. I used to trade USD-CHF and USD-CAD and got frustrated by the market makers games so I stopped. Watching some of them do their work, you can only have respect for their skills. It's not so much the money (power) they have behind them, it's ...

Building an equity millipede

Yep, one man's overtrading is another man's standard daily activity. However, if there's a litmus test for overtrading it will show up in the costs. When your costs are out of whack with net profits then something is very wrong. If you look at my ...

Building an equity millipede

I think all trading is frustrating for most players. I bet if you ask some of the world's biggest and most established they'd say it's a constant battle. 39 trades V, too much! Your broker will EAT you alive in costs . Remember, from the longside ...

Building an equity millipede

Yep, everthing works and nothing works. What's good for Mr A is viewed as strange by Mr B. Just find your style, something that you gel with, then try to trade it.

Building an equity millipede

Yes, the cost of doing business has to be respected. I try to do less than 10 trades a day so it's important not to trade anything that moves. Patience is a virtue but at the same time you have to be aggressive. MInimum balance to trade like this ...

Building an equity millipede

Cheers Calc, I'm in the UK also, it's not a bad time zone to live in for trading, my wife is from Greece and they are 2 hours ahead of us so would be even better. Being a night owl I hate waking up early in the morning like yourself. I get 8-9 hours ...

Building an equity millipede

One big problem that traders have to solve is how to trade the perfect setup versus the imperfect one. Take a normal reaction as an example. Price is generally flowing higher So we're looking for longs Market retraces with a bit of thrust down then ...

Building an equity millipede

Although I wasn't trading last week, markets too quiet/illiquid, here's the sort of trade I look for. Want I like to see if a generally flowing uptrend and then the boys forcing everyone out, when that happens look to go long. Remember, I only go ...

Building an equity millipede

Charvs I think you nailed it when you said 'pathetic entry skills'. I'm the same, and I think that without good entry skills G's mehtod won't be that good for any aspiring trader. But that's a paradox because if you have good entry skills you don't ...

Building an equity millipede

Mark I'm based in the UK so trade from 8am - 5pm everyday. I tried a 7am start but that didn't work because I'm not a morning person, 8am works far better although I probably leave 50-200 basis points on the table a week by starting an hour later. ...

Building an equity millipede

V You make an excellent comment. Yes, it requires a lot of concentration, that really is the key. Give me better concentration any day over better analysis because if you concentrate the good trades keep showing up. I cannot stress this point ...

Building an equity millipede

I've got my stats going back a few months, I'll post them later. The best stat though is how many basis points made. risk is not too critical because I know I've got that covered.

Building an equity millipede

The 5M is my main chart but above that I have a 1M as this often gives the clue to enter. GET TRADING. Get involved in the markets, stop reading all the books and websites, playing in the market will give you far more than those, ie real experience. ...

Building an equity millipede

Mark I follow - 1. Cable 2. Eur-AUD 3. EUR 4. EUR-JPY 5. USD-JPY 5 tick stops on 1, 2, 5 5-7 tick stop on 2. 5-10 tick stop on 4. G said that he looks for trades that go 20-25 ticks in his favour, then move stop to breakeven. If you can do that then ...

Building an equity millipede

True. But a 30% success rate taking 7:1 trumps all the mental hassle of G's method. I tired this strategy, backwards, forwards, in and out. Got some great results when things went my way, but got frustrated when the markets went sideways, and FX ...

Building an equity millipede

A very busy thread to start with, then goes slower and slower, then almost stops for weeks at a time. What does this tell us? The most logical conclusion is the strategy isn't as good as it first looks. Sure, it's probably a money maker, and no ...

Building an equity millipede

Vee If you've got the short term trading skills then why not just stick to that as route is probably far better and easier than trying to build millepedes with all the hassle and heartache that involves. Or to put it another way - take the profits ...

Building an equity millipede

Yes, that's the power of stacking. But in this game there's always a flip side, that being when your stacking doesn't work. So you 'aggressively' stack yet find that all that aggression means is loads of losses. G makes it sound very easy, 'bears ...

Building an equity millipede