Wicks — Morning Graeme, You say that you sometimes enter after 50 fib retrace of previous candle. If you did this and got stopped out but then you saw the price stall on or near the end of the wick of the previous candle would you attempt ...

Building an equity millipede

It is also a sign of an indecisive market if both sides of the body

Building an equity millipede

Morning Graeme, To me a wick is where the bulls have overrun the bears or vice versa. The price has tried to rise but the selling pressure has become too great so it has fallen straight back down meaning the bulls/bears may have left the building?? ...

Building an equity millipede

My Thoughts — Great to have you back Graeme, Here is my view: I am knew to forex so I do not have the one thing. So first off I am going to perfect my entries. While I am doing this I am going to read and learn about long term trends. When I ...

Building an equity millipede

Lets Crack On — In my humble opinion, the best way to proceed with this thread is for those of us who want to adopt this style of trading lets trade and discuss what we have traded. Those who think its B.S. thats cool just leave the forum. The ...

Building an equity millipede

Compounding — Graeme, Your % is growing exponentially, Its almost like compounding interest but instead of say property where you could expect 5 - 10% per annum, in this method you could be compounding that amount daily! Please don't disappear ...

Building an equity millipede

Fantastic — Hi Graeme, I am going to print this thread, bind it and have it by my side whenever I trade. Not only has your wisdom and advice been a great read, it has also changed my perception of the markets. My only issue is capital. I ...

Building an equity millipede

First Millipede — Morning Graeme, Its morning here in Sydney anyway. After 2 false starts on the Eur/Gbp and cable, I finally got a millipede away and running. I went short on the Yen last night just before it broke through major resistance. I ...

Building an equity millipede

Graeme, What you are saying makes far more sense to me. It should not be too hard to convert what I have learnt on the hourly chart to the weekly/monthly. The main principles of support and resistance and trendlines are the same. I have a couple of ...

Building an equity millipede

Hi Graeme, Thank you for your quick response. The main way we were shown to trade was intraday, trading candle formations at previous levels of support and resistance. We were told to trade 1 hr charts and trade the trend. My profit comes from way ...

Building an equity millipede

Open Mind — Hi Graeme, I have read your thread several times with interest. I am what you would probably describe as,"young and hot blooded". I have been trading live for about 3 months. Prior to that I traded on a demo account for 3 months. I ...

Building an equity millipede

USD/CHF — Hi All, This is my first post on here. I have been watching this thread with interest and took the plunge last night on the USD/CHF 4hr chart. I went short with a 40/40 stop/limit. Collected my pips in a couple of hours so thanks ...

Trendline Scalping 4hr timeframe