I still don't know why people don't keep their own spreadsheet of trades, that way they can be managed perfectly. Yes, I know Vee has said numerous times that it's too much work for him (time is better spent on analysis/trading) but he's doing A LOT ...

Building an equity millipede

If you're drawing trendlines to show where price is at a potential trading edge then it doesn't really matter where they're drawn from, sometimes the low, sometimes the open/closes of candles, whatever makes them generally 'look' the best. Go look ...

Building an equity millipede

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Building an equity millipede

Vee get's the prize! Some call a bar like this a 'scary' bar and it often happens after price has made a low and is starting to recover. Never forget that the boys don't want you onboard (they want you later to help fuel the move) so they SMASH ...

Building an equity millipede

Thanks Wx2. On that GBP-NZD chart I just posted, can anyone spot the boys at play again, AFTER the low (around 1.8150) because there's another trick in their playbook being played. You'll get a point for being correct and as everyone should know, ...

Building an equity millipede

Nice on Ray, thanks. And yes, I remember well when G stacked many times on a good move then covered some to help pay the bill of past probe losses.

Building an equity millipede

Vee. I see the GBP-NZD trade you've been looking at and it looks like you're getting my point. Here are my thoughts. image

Building an equity millipede

Starry. I'd have to strongly agree with you on that point. The market is more about traders trading traders than anything else. There's a reason why for example so many good levels are revisited... But conflicts of opinion are also what the market ...

Building an equity millipede

Thanks for the tip Cam. I working on many ideas so all are welcome.

Building an equity millipede

Remember folks, 'extended' is not normally enough. The boys know that many market participants are saying 'hey this is possibly extended so let's try to get short'. But the boys don't want the majority on board. So they entice people in and THEN ...

Building an equity millipede

Wrap Up In the previous several posts I’ve attempted to answer some tricky problems that I feel must be dealt with for anyone trying to put G’s excellent methodology into practice and in turn produce some fantastic results over the next several ...

Building an equity millipede

Psychological pressures The main point I want to make about the Psychological pressures involved with this or any other trading strategy is the necessity of controlling fear and greed. Get those 2 demons under control and that is another big edge to ...

Building an equity millipede

Stacking I haven’t really got much to say on stacking because it’s all related to the above post - if you can find areas at EDGES where the boys are forcing people out then that’s a green light to start stacking. But only look to stack AFTER they’ve ...

Building an equity millipede

Low Risk Entries It’s my theory that all market participants make up a pyramid structure. The more competent and skilled you are the higher up the pyramid. We all know the shape of a pyramid which means right at the top there aren’t many people. ...

Building an equity millipede

Risk Management Say you put a trade on today, get stopped out and lose $1. How do you feel? Chances are you won’t care one bit. Now make that loss $5, how do you now feel? Again, I’d bet you don’t care. What about $10, $20, $50, $75, $100, $250, ...

Building an equity millipede

A few posts back I said that in order to really make this strategy work we all have to find answers to some very tricky problems. With these answers in place we can then mould them into the complete trading strategy. Here are the problems that need ...

Building an equity millipede

Vee, I want to make some solid posts and don't have time right now, so I'll get around to it at the weekend. However, to give you a pointer. In order to offer your position (initial probe + more importantly your stacks which are the secret sauce in ...

Building an equity millipede

To really make this strategy work you've got to solve some big problems - Reading the market Low risk entries Risk management Psychological pressures Stacking When to trade - when to do nothing And probably the most important, how to make sure your ...

Building an equity millipede

Barbs, Like Cam, you make an excellent point - potential growth over small realised profit. You never know do you, the short could turn out to be a 500+ tick move, do enough trades and you're going to get your share of them. Thanks.

Building an equity millipede

Yes, that's the way I've been doing it, but I was starting to think of the possibility of covering the short rather than letting the market decide. That's the key point isn't it - the market will decide....

Building an equity millipede