Well THTM is a bummer
But if you are tied up at 213 how coudl that be?
Your Loos leader should have been at one price even 213 and the rest should be spaced going down generously especially at the top.
This is why demo first is critical. With a good run down like we had today
you can make a fortune. I never had more than 10 GJ 1klots spread from
211.75 down to 209.10 I didnt get one below that as I ran out of orders and my next one down after that may have been like 208.60/70ish.
You shouldnt have a few large orders up around 213 or you missed the whole idea to this.
Go back and read andrews summary it pretty much sums it up, then if you are unlcear ask questions we are here.
I have maybe 1000 pips in GJ drawdown, but this is like money in the bank.
She is obligated to come back up to 213 and complete the cycle.
The market runs in cycles despite what anyone cares to admit or define exactly how. In any even it for me is indisputable that the market runs in cycles...everything does..the Sun...the moon...the stars...the plants...the animals..the humans...everything. GJ will come back up and she is going to come back up so fast it will surely spin some heads.
In any event you should NOT have blown all your margin on the first firgure (100 pips). Multiple positions are a key but they must be spaced out wider if you have very limited margin. Maybe you are playing with too big lot sizes.
with a 5K account at 400:1 I would use 5K lots NOT 10K and would be careful to closely watch my margin useage.
Last edited by rrram2; 07-15-2008 at 07:18 PM.
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