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The Gorilla Method

  • #621
  • Dec 1, 2018 12:56am Dec 1, 2018 12:56am
Quoting Cm7
Exercise no. 3. USD/JPY Be careful in answering because so many impatient traders will lose here. How many VS, pips and where? or no VS at all? {image}
usdjpy
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Determination + Persistence = Success
  • #622
  • Dec 1, 2018 1:01am Dec 1, 2018 1:01am
gm CM,
did I answer ok? still new in this

sk
Determination + Persistence = Success
  • #623
  • Dec 1, 2018 1:04am Dec 1, 2018 1:04am
I have gone over a few and here is one that is possible next week .out of RESPECT for CM7 I have deleted "davits Pivots"(weekly) which give me a better idea of the possabilities of price reversing at extremes . CADJPY should travel to previous support 85.191 which has been quite strong 4 times since 19th nov good fortune ..as usual "ITS YOUR MONEY...ITS UP TO YOU TO LOOK AFTER IT "
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  • #624
  • Dec 1, 2018 1:25am Dec 1, 2018 1:25am
Quoting SKLearn
{quote} usdchf {image}
Nice
  • #625
  • Dec 1, 2018 1:46am Dec 1, 2018 1:46am
Quoting SKLearn
{quote} usdcad {image}
Thank you bro,

1. The first arrow is wrong because there are no transactions on Monday.
2. You're great on November 20 but don't forget that the maximum target is R3
3. There are no transactions available on November 21. Moreover, Pivot leads up while you open a sell position?
4. You were great on November 22, but why didn't you close the position when the NY session was almost closed?
  • #626
  • Dec 1, 2018 1:52am Dec 1, 2018 1:52am
Quoting SKLearn
{quote} usdchf {image}
Both entries are wrong, IMO. Tuesday's pivot is higher than Monday's. So, trade long only for Tuesday, meaning first trade is not valid. Second one, touching EMA15, so no trade. Correct short trade is the one with long bullish candle, touching EMA30, drawdown for 18.3 pips, not stopped out, and hit S3 the same day returning 53.4 pips.

Regards,
Blackeagle
  • #627
  • Dec 1, 2018 1:59am Dec 1, 2018 1:59am
Quoting SKLearn
{quote} usdjpy {image}
1. This small arrow is wrong because Pivot is pointing up, all EMAs are above Pivot and you sell? lol you must be joking bro.
2. The big arrow, you're great here because you enter according to the rules and also don't forget to exit when the NY session will close soon.

Thank you
  • #628
  • Dec 1, 2018 2:07am Dec 1, 2018 2:07am
Quoting Blackeagle
{quote} Both entries are wrong, IMO. Tuesday's pivot is higher than Monday's. So, trade long only for Tuesday, meaning first trade is not valid. Second one, touching EMA15, so no trade. Correct short trade is the one with long bullish candle, touching EMA30, drawdown for 18.3 pips, not stopped out, and hit S3 the same day returning 53.4 pips. Regards, Blackeagle
Nice, I appreciate your opinion bro, that's the point of discussing so that we get the same entry point and also the same exit point.

Thank you
  • #629
  • Dec 1, 2018 2:10am Dec 1, 2018 2:10am
Quoting Cm7
Exercise no. 3. USD/JPY Be careful in answering because so many impatient traders will lose here. How many VS, pips and where? or no VS at all? {image}
There is another valid short trade if you add to an open position or missed the first one.

Regards,
Blackeagle
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  • #630
  • Dec 1, 2018 2:16am Dec 1, 2018 2:16am
Quoting starpro
I have gone over a few and here is one that is possible next week .out of RESPECT for CM7 I have deleted "davits Pivots"(weekly) which give me a better idea of the possabilities of price reversing at extremes . CADJPY should travel to previous support 85.191 which has been quite strong 4 times since 19th nov good fortune ..as usual "ITS YOUR MONEY...ITS UP TO YOU TO LOOK AFTER IT " {image}
Congratulations on your hard work bro, hope you get lots of pips every day.

Thanks
  • #631
  • Dec 1, 2018 2:17am Dec 1, 2018 2:17am
Quoting Cm7
{quote} Nice, I appreciate your opinion bro, that's the point of discussing so that we get the same entry point and also the same exit point. Thank you
If you enter a position because the price is close enough to EMA30, then you will never enter at EMA30. Sometimes there will be 10-15 pips difference between EMA15 and EMA30. So how will you decide which EMA15 is the reversal point? Therefore I prefer to trade without discretion.

Regards,
Blackeagle
  • #632
  • Dec 1, 2018 2:27am Dec 1, 2018 2:27am
Quoting Blackeagle
{quote} There is another valid short trade if you add to an open position or missed the first one. Regards, Blackeagle {image}
In this case, entry no. 1 does not need to be canceled and remains valid because EMA4 does not cut EMA15 when the last candle closed.

Thanks
  • #633
  • Dec 1, 2018 2:33am Dec 1, 2018 2:33am
Quoting Cm7
{quote} In this case, entry no. 1 does not need to be canceled and remains valid because EMA4 does not cut EMA15 when the last candle closed. Thanks
No, I did not mean to cancel the first entry. Take first entry, and then since there has been a second entry, you can enter another short position.

Regards,
Blackeagle
  • #634
  • Dec 1, 2018 2:40am Dec 1, 2018 2:40am
Quoting Blackeagle
{quote} If you enter a position because the price is close enough to EMA30, then you will never enter at EMA30. Sometimes there will be 10-15 pips difference between EMA15 and EMA30. So how will you decide which EMA15 is the reversal point? Therefore I prefer to trade without discretion. Regards, Blackeagle
Thank you

I like question or statement like this. In certain circumstances where all indicators have occupied their respective positions, the EMA4 position is far from EMA15, suddenly the price reverses towards EMA30, in this case it is not wrong for direct entry when the distance is smaller than 10 pips. Don't forget, we are human beings who are created to know the situation and conditions that are around us so that our behavior is not like a robot.

Cheers
  • #635
  • Dec 1, 2018 2:43am Dec 1, 2018 2:43am
Quoting Blackeagle
{quote} No, I did not mean to cancel the first entry. Take first entry, and then since there has been a second entry, you can enter another short position. Regards, Blackeagle
Congratulations, you have understood the gorilla method, you have graduated.

Cheers
  • #636
  • Dec 1, 2018 3:23am Dec 1, 2018 3:23am
Good Morning Cm7 and all gorilla crew - approaching 5.30am here....automatically i wake up 3-4am each morning as if its another trading day,its Saturday morning .....excellent plan you are actually spending so much time daily getting this method right for everyone,I think this is one of #1 Trading System or possibly the most active one on FF soon,if everyone really stay dedicated soon there will be more posts that the ever popular TMS lol.....this is the first time that I understand why we use 3 MAs and there are many strategies out there that uses MAs but no explanation why and what is the purpose of having all 3. Don't stop what you're doing....forex trading its the hardest way to make easy money.....dedication as with anything in life you do is worth it.We have to think long term not today for tomorrow.
  • #637
  • Dec 1, 2018 3:37am Dec 1, 2018 3:37am
Quoting scsstnt
Good Morning Cm7 and all gorilla crew - approaching 5.30am here....automatically i wake up 3-4am each morning as if its another trading day,its Saturday morning .....excellent plan you are actually spending so much time daily getting this method right for everyone,I think this is one of #1 Trading System or possibly the most active one on FF soon,if everyone really stay dedicated soon there will be more posts that the ever popular TMS lol.....this is the first time that I understand why we use 3 MAs and there are many strategies out there that uses...
Thank you bro, I miss you, where have you been? Aren't we going to drink coffee together?
  • #638
  • Dec 1, 2018 3:46am Dec 1, 2018 3:46am
Quoting Cm7
Exercise no. 3. USD/JPY Be careful in answering because so many impatient traders will lose here. How many VS, pips and where? or no VS at all? {image}
200 Average Line is a good choice
  • #639
  • Dec 1, 2018 3:47am Dec 1, 2018 3:47am
Quoting Cm7
{quote} Thank you bro, 1. The first arrow is wrong because there are no transactions on Monday. 2. You're great on November 20 but don't forget that the maximum target is R3 3. There are no transactions available on November 21. Moreover, Pivot leads up while you open a sell position? 4. You were great on November 22, but why didn't you close the position when the NY session was almost closed?
sorry bro. I did not update the chart with text.

Arrow indicates the pivot levels, first arrow for previous pivot and second arrow for current pivot; and the green trendline indicates actual trade; horizontal line is exit.
yeah, have to close when NY closes. that is a mistake.

thanks bro
sk
Determination + Persistence = Success
  • #640
  • Dec 1, 2018 4:06am Dec 1, 2018 4:06am
Quoting SKLearn
{quote} sorry bro. I did not update the chart with text. Arrow indicates the pivot levels, first arrow for previous pivot and second arrow for current pivot; and the green trendline indicates actual trade; horizontal line is exit. yeah, have to close when NY closes. that is a mistake. thanks bro sk

Thank you SK, I am sure that you are ready to transact starting from next week until 2021. because at the end of 2021 you have already collected quite a large amount of money.
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