Hi Dan, im the same as you, Graeme's money management strategies resonate with me, I'm not keen on his entry techniques but thats not the important part anyway.imo The ideas I mentioned here are not H4power - that's more of a technical approach and ...

Building an equity millipede

week 2: Short EA image

Weekly/h4 trend trading - flow

video

What kind of music you hear while you trade?

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What kind of music you hear while you trade?

Hi Pullice, i'm presuming you mean for my entry? how do I know where the extreme is? If that is what you mean I will explain. Everytime price makes a new low you buy the breakout, you will get stopped out until the extreme is made. That is your ...

Building an equity millipede

No I don't move stops. Graeme did. well, let me rephrase... not quickly like Graeme did

Building an equity millipede

here's an example: here's current EA daily chart, showing a simple MA to define trend and a period we would of been looking to buy the lows of each week image here's the h4 chart with lows that survived... see how many opportunities we often will ...

Building an equity millipede

I should add that I trade a double lot money management strategy, I take 2 entries for every valid set up, 1 i treat as medium term closing that week, 1 I use as a position trading entry. It solves a lot of drawdown and psychological issues (for ...

Building an equity millipede

it's human nature to gravitate to short term gratification and what appears to be the easier route, hence the popularity of short term trading.

Building an equity millipede

Hi Jmn... The simple answer is when you open profit is much greater than the costs to achieve those profits. If your losses were 200 points and your open profit is 3000, take some profit, sounds stupid but think about it, what are we trying to ...

Building an equity millipede

1.More risk is just that, more risk. 2. strange that you didn't even question the 90% win rate of the short term traders. 3. DIBS - although the concept of DIBS had some good elements it failed massively in 1 respect, inside bars have no inherent ...

Building an equity millipede

Some simple math Swing trading/Position trading: Win rate 30% RR 10/1 over 10 trades may make 30R - 7R in costs = 23R Intra-day trading Win rate 90% RR 1/1 over 10 trades may make 9R - 1R in costs = 8R Which traders has more margin for error? which ...

Building an equity millipede

So much worth noting in this article: url

Building an equity millipede

thanks Ifebaba, always nice to hear... Here is a basic outline of this trend trading (you will notice it is very similar to my other strats.) 1. Put the 5osma on the daily chart, if price is closing over the trend is long, if price is closing under ...

Weekly/h4 trend trading - flow

No technical analysis at all. Just get the direction from the daily and weekly trend, if the trend is long I buy the low of the week using h4 and vice versa for short

Weekly/h4 trend trading - flow

Hi BogiFX, this does use weekly and h4, I am using h4 entries at the high or low of the week.

Weekly/h4 trend trading - flow

I personally found Denise Shull's thoughts to be super helpful, once you have a robust method then it's time to work on the traders mind. Give her videos a watch, you might like them video

Building an equity millipede

Would be great to see your results.... I have lots and lots of position trading test results, I should point out they were done by a friend who has the work ethic to succeed at trading - more than me for sure...! I was being completely serious about ...

Building an equity millipede

We have done so much testing on these issues, bias, TF's, stop size etc etc - that we came to the conclusion that as long as your approach insures you get the big wins then the rest is just shifting sands, one modification will reduce losses but ...

Building an equity millipede

also if you are using bias based on something like a moving average that your bias will change also but just not as quick - again there are pros and cons to that

Building an equity millipede