While my videos are usually about crypto exclusively, I felt that I could highlight this gifted trader who developed a very unique method to extract wealth from the Forex market. I think his method is genius. I personally have often considered taking time off from my day to day stock and crypto trading to just dive in and build a Forex Millipede as he does.
I simplified my explanation of his method, because of video time restraints.. But please feel free to take a deeper look directly from the source at: https://www.forexfactory.com/showthread.php?t=245149
Also if you want to check out the broker he recommends: for canada -- https://www.fxcm.com/ca/ for USA or international -- https://www.fxcm.com/markets/?utm_source=FXCM+Insights&utm_campaign=Nav-link&utm_medium=lang-menu
Thanks again to everyone who upvoted my last blog post, it motivates me to continue adding content :)
Luc
Luc is a man that keeps giving and giving, I can milk his knowledge for months and months, even when it finally... finally fizzle down on you, you just spend few hours re-watching his videos and you find that you missed something, or that he is back with another Masterpiece. Sorry, I keep watching your videos, they're getting part of me :) Love you man. Thank you for everything once again!!!
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Does anybody have the links to Pipeasy charts? the links at forexfactory forum to the chart images are no longer active. tks
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In this pdf my friend.
http://www.mediafire.com/file/y1vjtayxyxw4cy3/Building+an+equity+milliped...pdf
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I think one of the keys of this method is forex can move in one direction for so long, and leverage as well. thanks a lot again Luc
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This is totally new level. In strict mathematical terms it would sound like: "sacrificing linear losses to achieve exponential returns". Brilliant idea!
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Happy to see u back!
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Wow Luc... this is awesome strategy. This could be a really good long time diversifying strategy for your crypto. Thx for sharing!!!
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I have a question but first of all Thank you Great Luc!! and nice to see you back :-)
Can't we do this on smaller time frames without focusing that much of big profits instead focusing on smaller profits?
Like using 1min or 5min candles and using 1 or 3days as the maximum time duration before an order is closed?
Thank you..
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Hi Luc, I'm totaly fascinated by this method. Do you think this can also work with for example BTCUSD? Because my broker alows going short and long on 5 coins atm. Oh and thanks for sharing!
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likely your broker does not allow going long and short at the same time.. thats the issue with using this method in anything other than forex..
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Bitmex allows multiaccs, so it's possible to manage 4-5 positions manually (more than that will be total mess). But I see some challenges with this method:
However, I think one can overcome this and fly not to the moon but to the mars.
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I agree with 3 and partly with 4. I think its not a must to use a super high leverage and still make this strategy work. Pipeasy also suggests that you practice low risk entrys for half a year, so you can move yr sl to break even fast and make the costs (collateral damage;-) as low as possible. Further, i dont think you have to manage positions every day. A trend can go on for a long time, so maybe this can work with even 3 posistions a week or less. Pipeasy started with 5K, but you can also strart with 1K. Last, a professional trader must learn to control emotion, otherwise no strategy ever works in my opinion.
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Hey Luc if you have Graeme's charts could you please, please post them somewhere? Imageshack no longer has the images he linked to. They would really help illustrate his points.
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https://drive.google.com/file/d/0BztUUMiTqC3oSHlXYkg5TnBQSG8/view
PDF of his strategy including the charts
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Thank you so much.
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