{quote} This is trading ... Sometime he gives sometime he takes. I have a game plan, I followed it patiently so I am OK. In the long run I know it rewards ;-)
Ok, here is the 515 PDF. It's not anything that you don't already know, but it might be interesting to some. For me.....this is the best way to trade because it means that when we are presented with a decent move, we should be able to gain maximum pips from it. I have touched on scaling in further entries on the same move, but this is a subject that needs it's own PDF because the subject is quite a lot to go through if we are to scale in safely. I'll start putting that document together soonIn the meantime......this any (or may not) be useful....
{quote} Just to say thank you RJ for another mind opening piece from your workshop. Your insights are priceless and I believe it's high time we started addressing you "Professor RJ"!
{quote} Careful, Kosmo....he wont be able to fit his helmet on when he dusts off the ducatti ....... make it Honorary Professor for starters.
{quote} Just to say thank you RJ for another mind opening piece from your workshop. Your insights are priceless and I believe it's high time we started addressing you "Professor RJ"!
This trade is from last Friday night {NZ} Im posting it not because of the pips/entry/set up etc, but the Technical Analysis that lead to pulling the trigger We have the microscope on M5/M15 alot of the time on the thread, so I thought this might be of value to newcomers to GMX, to illustrate the benefit of doing your homework properly and knowing what your pair/pairs are up to. Pic 1: Initial entry short. Didnt have BRN marked on chart.....lost 40 pips Second entry(s) + 140 pips.....after doing my homework properly! I scaled in a second trade simultaneously...
{quote} That's certainly very thorough analysis you have done there, and it shows the power of confluence....no denying that!! I'm not sure that I would check so many factors, perhaps my aggression on trades is a little more than yours, but that type of analysis will never let you down
AUD is having an epic sell off, which is dragging the Kiwi down with it.......and pushing up EA.....lol
Apparently Japanese banks are sellers of AUD which is causing this drop. Seeing as the drop is (virtually) intervention, I wonder whether it will retrace over the next day or two. We shall see. EA has been a great buy today........love it!!
...EA right off the DP too.
{quote} I could have given a "heads up" that I would be having lunch in town today.......my timing is really accurate on Asian moves........
