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- leggo replied Aug 18, 2010
Hi Everyone, I only got 2 positions on Eur/Usd one still surviving and 3 on Aud/Usd all still going. Joe must be a legend to get 10 stacked its great inspiration to keep practising. How did everyone else go?? Regards, Ben
Building an equity millipede
- leggo replied Aug 17, 2010
Its had a bit of a retrace but good to see it back below 1.2850
Building an equity millipede
- leggo replied Aug 17, 2010
Good Stuff!! I have to similar to yours on Euro second one is not at be yet though just giving it a bit of breathing space. I have one position on Aud/Usd also Regards, Ben
Building an equity millipede
- leggo replied Aug 17, 2010
Hi Geoff, Did you go straight in after F.B. on 4hr chart for your first position? regards, Ben
Building an equity millipede
- leggo replied Aug 17, 2010
Graeme was in that move 15 pips before me. Shows how much I have to learn. Think he must have gone off flying Buddah on 5 min chart!!
Building an equity millipede
- leggo replied Aug 17, 2010
Hi Michael, Im waiting for it to clear .500 did you see it stop there ? Regards Ben
Building an equity millipede
- leggo replied Aug 17, 2010
Yeah will probably get a bit of noise around the .50 area usually do. It looks like its going to be a slow decline. Im not moving stop to B.E. until it pushes through 1.2850. If it then clears 1.2840 I will look to stack. Regards, Ben
Building an equity millipede
- leggo replied Aug 17, 2010
Thats true. There are a few F.B.s on Euro crosses trouble is do you take them all? I worry about been over exposed. I suppose that's the beauty of practising on 5 min time frame if you can get your stop to zero then you are only exposed to profit!!!! ...
Building an equity millipede
- leggo replied Aug 17, 2010
Morning Graeme, I tried to get in on this last night on the 1 hr chart but moved my stop to be and got taken out. Its very quiet on 5 min chart will have to wait and see. Regards, Ben
Building an equity millipede
- leggo replied Aug 17, 2010
Range — Is it just me or has everything gone a bit rangebound this morning??
Building an equity millipede
- leggo replied Aug 17, 2010
Hi Muntu Ntu, We were not trading together we just happened to be trading the same currency at the same time and Graeme was discussing his thoughts on the forum. He was using fib levels on the 5 min chart to get a feel for the strength of the trend. ...
Building an equity millipede
- leggo replied Aug 16, 2010
GBP/CAD Breakout — Hi Graeme, I missed this breakout last night because I wasn't trading this currency. I have posted 5 min chart with the places where I would have stacked. If you traded this can you let the forum know if you were more or ...
Building an equity millipede
- leggo replied Aug 16, 2010
Thanks Graeme, I think another great advantage of learning on the lower timeframe is that once you move to the higher time frame you still can zoom in and stack positions with more skill. regards, Ben
Building an equity millipede
- leggo replied Aug 16, 2010
Hi Graeme, Thank you so much. Sorry to clog the thread up but can I ask just one more question? You said that the trend is stronger if the retrace is only to 33% but both You and Joe prefer 50% retest for your entries. I just wondered the reason for ...
Building an equity millipede
- leggo replied Aug 16, 2010
So when you look to enter after a 50% retrace do you prefer the price to come back to open before you add another position? Or do you try and get in as it heads back to the open so your entry is on the wick? Thanks for your time Ben
Building an equity millipede