Hi Slazo, I am similar to you apart from one thing. I missed the breakout last night. I spent 18hrs at the computer yesterday and it happened 10 mins after I went to bed!! Hoping for a retrace today. I made some very sloppy entries last night due to ...

Building an equity millipede

Stats — Hi Everyone, Here are my stats for first 2 days. 12 Trades 9 Losses 3 B.E. Average loss per position = 6.6 pips Net Loss = 80 pips. My biggest emotional hurdle is closing out of positions as soon as I know they have not gone to plan. I ...

Building an equity millipede

Good Trading — Thats good trading Paul well done. I toyed with the idea of going against hindsight on the yen. This has also dropped nearly 200 pips. Decided to stick with my hindsight but I admire your flexible approach. Cheers Ben

Building an equity millipede

USD/JPY — Hey T.S., I had another attempt this morning after double wick bounce and fb on 4hr. I think next level of interest will be 84.00 then last weeks low. We are heading towards the business end of things now!!!!!! Ben

Building an equity millipede

Hi Marion, Sorry for referring to you as "her" how embarrassing! I wonder if you could share with us how you overcome the emotional hurdles of many losses in a row. I imagine you must of found it hard at first. Regards, Ben

Building an equity millipede

Morning All, Welcome to Marion!! I had 5 attempts yesterday to go long on UJ. 3 attempts on initial breakout Sydney am. Then 2 attempts around the 50% retrace of the weekly. My net loss is 53 pips. This is lower than the recommended average but ...

Building an equity millipede

Hi Everyone UJ has stopped dead at 50% retrace of previous weekly candle. It is also touching a trendline on 4hr. If it bounces here it will probably form a pin bar flying buddah on 4hr. I entered long on recent flying buddah on 5 min.

Building an equity millipede

I agree Dave my hindsight is bullish on this pair but only after a retrace. I was tempted to take some short term profit on the ride down but keeping it simple for now. Only trade short if weekly support is broken. Regards Ben

Building an equity millipede

Now I was expecting a retrace on the yen but that was ridiculous!!!!

Building an equity millipede

Volatile breakout failed 2 positions closed for average loss of -6.9 pips both closed manually. Pin bar has formed on hourly against hindsight. Time to just observe. Could be a retrace now to fib level or wick on the weekly. I thought that breakout ...

Building an equity millipede

First Trade — Hi guys, First trade volatile breakout on UJ going with hindsight.

Building an equity millipede

Hi Pip-Daddy, UJ is a good option for me as it is a pinbar flying buddah on both monthly and weekly. It has 3 options as far as I can see. 1, Big retrace huge pip potential 2, Continuation breaking through and closing below 85, huge pip potential. ...

Building an equity millipede

Hi Dave, I was also subscribing to the 2 lot theory. My problem is that my entries are still quite sloppy. With this in mind I now start with 1 lot and add second as soon as I get confirmation. On a flying buddah for example i will try and get 1st ...

Building an equity millipede

I have poor computer skills!!! — Hi T.S. Try this mate. If no good just open demo account with them you will see what I mean. Regards, Ben

Building an equity millipede

Hi Forex Cube, Like I said you have a valid point. I just dont think you have thought it through. Your first chart outlines everything that is good about Graeme's methods. It shows a screaming flying buddah, the importance of diversification and the ...

Building an equity millipede

ForexCube, Once again a valid point, especially if you are not fluid, if you have a bullish bias and cannot be wrong(most traders). However the point I made before still stands. Please explain how this would pose a problem to the methods laid out in ...

Building an equity millipede

Valid Point Forex Cube, However, if you re read the thread you will see that Graeme goes long and short. So looking at your chart there is a nice flying buddah 8 days prior to the big drop. Graeme would be going short then, he would have also seen ...

Building an equity millipede

Multi Charts — Hi Everyone, Just wanted to share something with you. Some platforms allow multiple charts on one screen. This may seem like an obvious statement to some, but others were asking whether Graeme has several monitors to keep track ...

Building an equity millipede

Hi Graeme, TS, I agree with both of you. I dont feel cornered one bit, Im enjoying the feedback. If I am honest my gut instinct is to be more conservative with my stacking. My reasons for been so aggressive were influenced by Graeme's post yesterday ...

Building an equity millipede

Thanks Graeme, I must admit it feels a bit like banging my head against a wall at present, however its good to know my application was sound. Just Random price action that took me out. Regards Ben

Building an equity millipede