Curious...on the 2nd trade, what is your rationale for marking the 2nd wave the 2- and 3, as opposed to the first one?

How to use the 123 strategy effectively

took 1-2-3 long in u/j a while ago. still sitting around entry point. targeting 84.12 area.

How to use the 123 strategy effectively

Took the same trade on the inverse (UJ). The 1-2-3 entry method is quite relaxing at key levels.

How to use the 123 strategy effectively

I know wealthy trades from both sides. Some are solely in equities and make a few hundred trades a day (not just adding liquidity) and do quite well. The others generally stick to the hourly+ TF's for weekly+ holds (futures mostly) and do well. ...

Who is having the last laugh in the end?

i would say probably sierra chart. does most anything out-of-the-box, including what daytrader50 mentioned.

What charting platform has best Fib Tools?

been forward-testing 01x with relatively promising results. i just added the cut loss and pipstep code as I think that is some needed structure in a system such as this. i will continue to test 2 versions of it to observe wiggle room, r:r, etc. was ...

Phantom 6 System

better than any mt4 broker. commission is only an issue if you trade small size, as it's a tier'd approach. can't be the spreads, though. can chart trade through ninjatrader or sierra chart as well. the statements are very awkward, however. just ...

IB interactivebrokers.com - how is your experience?

Wonder if I'm the only one who feels this way...but man it sure can be a pain to get adds to stick long-term in forex when trading from the EST(NY) timezone. Sure feels like the majority of best long-term entries occur around london open. Don't see ...

Building an equity millipede

FOMC - make sure to keep an eye on the big news releases as if your zooming into 5-min you can get burned without being aware. FF and econoday are good news calendars

Building an equity millipede

Welcome back, Graeme. Good to see you posting again.

Building an equity millipede

based on what out of curiousity? trend is still up on all major timeframes

Building an equity millipede

This thread has been awfully quiet lately. How is everyone's trading progressing?

Building an equity millipede

Interesting posts, starvin. Appreciate your contribution.

Building an equity millipede

Oh how I wish it was less complicated Even on beautiful weekly trends like AUDUSD, there may be a window of only 20-40 pips where an entry occurs that is not re-tested later in the week. Asleep during that time and your out of luck. That window ...

Building an equity millipede

My only legs this week got taken out at b.e. after bernanke spoke, but mind you I'm not trading 200 m.a. crosses. No survivors this week for me.

Building an equity millipede

Fifo is irrelevant.... the method of accounting is up to you, as it always averages the same when doing manual tracking of trades. Also, there is little reason why you should be using max leverage as well. I don't understand why that is a complaint. ...

Building an equity millipede

four weeks on this method — and my results are mixed while remaining disciplined. I admit I did misinterpret some entry explanations initially but my re-read of the thread clarified it. Still working to improve. Some observations/questions: It ...

Building an equity millipede

Hi Graeme, I hope all is well. Best wishes on your recovery.

Building an equity millipede

Sure. Here are two. CADCHF: The red line being the end of the 240m signal bar to start looking for entries. Given I am in EST timezone, I wasn't awake past 0:00 on the chart. Even if I was, I don't see an entrance in that retrace that doesn't get ...

Building an equity millipede

i had an interesting week...had most of my weekly hindsights correct as usual, but couldn't get any clear entries on the 5min on those that were correct. I guess the key is to be overly aggressive with the initial entries. definitely frustrating as ...

Building an equity millipede