hi there,if you are always long GJ and never short how do you handle the volatility? it dropped from 211.40(Asian session) to 210.15(london open),can your SL handle that?
We should make another run up here soon but info franfurt I expect the same old tricks again tonight a run down into 211.00 ish maybe they can spike it lower before frankfurt open or after.
If you are buying down into those dips over the last few days you should be doing very well.
I dont use any SL's. SL are used by traders who WANT to realize a loss.
That is what SL's are for traders who WANT to lose money.
I lose very little. This month I think I have lost a total of 38 cents USD.
All the rest of my orders closed for a profit.
Of course if you do not understand completely what I am doing I do not recommen you trade the way I do, as your emotions may be unable or your finances or improper margin management may be unable to bear the drawndown.
If you read the OLD thread by rrram2 entitled the same thing. The system is detailed there. Yes there was a blow out. BUt it was due to improper
margin management, a broker trick, and a certain arrogance, which has all been corrected.
hi there,if you are always long GJ and never short how do you handle the volatility? it dropped from 211.40(Asian session) to 210.15(london open),can your SL handle that?
Start setting up the trolls, the move down overnight won't be as strong as last night I dont think. We might hit 210.80 or even 210.60 but whatever it ends up being the key is to buy all the way down into the bottom and sell them on the way up as she will sail back up almost as quick as she sunk down.
I think everything in there still holds true.
We have not really deviated from that much, except that we try to get our loss leeader lower, but it has been proved several times that it really matter not where you get your loss leader. That is just the order that gets you into the market so you have a financial interest in it, it represents a commitment of sorts.
hi there,if you are always long GJ and never short how do you handle the volatility? it dropped from 211.40(Asian session) to 210.15(london open),can your SL handle that?
Lots of things going on in the financial markets today inside the USA.
There are new laws for mortgages, to protect even more ignorant comsumers.
They expect forclousures to be way up through this year and into next year.
millions of them more are expected. While this is unfortunate, it wont affect the markets that much really I dont think. What we have here is a bunch of one house owners who got liar loans or the like and now cannot pay their mortgages, Those houses will be bought by new investors for pennies on the dollar, and the bank holding the bag will lose some money, but dont let those lieing banks fool you. If you were planning on making 20 million this year in loans, and some default you DONT lose all your money, generally the bank can get 80 cents opn the dollar so they are ONLY losing 20-25%
BUT this is something that they HAVE not received. If you don't receive it
you CANNOT lose something you Never had.
Only a fool counts his chickens before the EGGS are hatched.
And if you have no rooster and only hens none of your eggs will be fertilized so they won't be hatching.
Things are not as bad as the doom and gloom club claim it is. It is all a trick. it is very much like the forex market.
THEY (club members) lead everyone to believe things are going to hell, and bewm a dip down and bam 100 pips up. 100 pips is nothing really, but at $100 a pip 100 pips is 10K for me.
I had 393 RT trades last month. It was kind of slow. But I guess I made
about 8000 pips plus interest, so that really isnt so slow. 2000 pips a week is my normal goal.
Isnt it sad grader when you make so many pips that you cannot count them?
or when you make so many pips that you become unable to easily keep track of.
I withdrew from my broker every week last month. I did remove ALL of my original money from my account so there is only profits in there.
This month has been even slower. Last month was supposed tp be the worst month in the markets since the depression, what a lie!
I made 8000 pips. My dad lost 75K dollars, so for many it was bad.
I cannpot convert him to forex yet. I tried to tell him he already knows everything he needs to to win at forex, I just need to give him a 60 min crash course on my methods.
It should be a great month for everyone so far following my methods.
Dont get scared! Man I slept through that 211.00 low at 124AM EDT.
only 24 minutes into Frankfurt. I have been getting better at picking the bottoms and concentrating my orders more closely down there.
The key is to do this for a bit and build some confidence.
After you finish adding up your pips please indicate your level of confidence from 1-100 of my trading methods. You seem like you have learned very well!
Make sure to share some of those pips with some folks in need so you can multiply your wealth.
It is through sharing that we are able to attain all things we desire in our lives.
that will push GJ above 212.50. I think it is a sure thing that GJ is heading up, the bears are going to lose this week. LEts hope they run it down tomorrow morning agian at 1amEDT so we can get in with all sorts of cheap longs.
even 212.00 the price now would be a good place to get a loss leader. then next one at 211.50 then down maybe 10-20pips each order going down.
Below 211.00 I would be getting them every 10 pips going down.
I need to master the ability to somehow squeeze more pips out, as I leave all sorts of pips on the table.
A bit more patience and perhaps I can start taking 21-50 pips per lot
instead of 11-21, and at times I sell mysekf short and only grab 1-10 pips.
But any banked pips are great. Treat each pip like it is important,
and know when you amass thousands of them, things should be good for you. But it is important to treat each pip like it is imporatnat and significant, because IT IS. It is through each pip that you must go to get the next pip!
I am again expecting a run down into 211.40 may even hit .20 or spike below 211.
She is not droping so fast now but some more retracement is in order before we can bounce off of 212.50 again. It is possible though very unlikely that we will blow thru 212.50 this next time.
I will post my 12M chart with trend lines and a few basic indicators.
It could be though that 211.72 holds as support. Had a long enlightening talk today with dad about the market which confirmed for me why what I am doing is working so well. The chart is still loading.
If you look at the 2H. I am looking to get long as cheap as I can.
I missed it overnoight I set my entry orders too low.
I scalped one yesterday from 211.55 and bailed out with 5 pips before going to bed. I reentered my orders again for today. I am still trying to buy down into 211 but I may not get filled.
Since I am only playing with one lot, I dont want to get in too high, nor do I want to get in for scalping while I am away.
It seems to be going sideways on the 3H but it does have a northerly bias.
As long as we dont break below that bottom yellow channel line I think we are ok. I am trying to get long as close to that line as I can on one lot.
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Next week is going to be a crazy week for GJ.
I remain bullish and next target is 204.50/60 which will be hard to get over. I expect to bounce off several times before gettingthrough that.
Count on it hitting that level and going down hard.
