Hi guys, thank you for all your attention and also for the interest you have shown in this system. Since there was a heavy discussion about EA `s etc. I thought it was better to let Zepp handle it as he is the expert in that area. But to come to the main issue and the most discussed topic , namely the primers . Firstly it´s right that the 30 pips distance, was an example used , as it would be the right size to use for a violent drop/rise in the rate. I was very reluctant to talk about primers, in the beginning, as you need quite a lot of experience, to be able to use them effectively. Firstly you should start using primers when you have 40% of your equity left, I think everybody got that right so far. This would mean that you could, with a sudden drop/rise change your equity from going in minus, to going in plus in 150 pips. But there isn´t any method that can predict that this will happen, so you need to see the patterns of the movements. If we take last week for instance, the cable was going up and down like a yo-yo in the 1.52xx area. It was however trying to break the 1.5200 support much more times than the 1.5300 area where the major resistance was 1,5370, so a far way to go . If you would reach the 40% equity at 1.5250 for instance , you would have it cancelled many times by the retracements. But you would of course then re-open the primers at the same level. However if it then touches 1.5250 and then take a sharp drop of 150 pips, what do you do then. Well that´s where it mostly go wrong, so need to re-assess the downward movement. If your primer would have opened at 1.5250 with a 30 pip distance to the next primer ( 1.5220 ) you would have made some handsome profits as the rate retraced upwards many times. But the issue here now is, that it wouldn´t be a perfect situation as the rate dropped below 1.5190 where the 3rd primer would be, and since you always leave the last opened primer as the only open primer, your primer would now be set at, 1.5190, but the rate broke upwards above the 1.5300 level. Most would now be tempted to use more primers, when the rate again went below the 1.5300 area. But it´s contrary to the principles. This is a very good example of how the 30 pip distance would have worked against you. But it was also one of the obvious situations where we saw a lot of retracement. This doesn´t always happen so often. When the market is moving faster, but steadily it´s more safe. When you saw how the rate moved from the 1.55xx area to the 1.52xx area hardly without any retracement, the 30 pip distance would have worked great. But last week a 50 pips didtance, would have served you better, as there were that many retracements that when you put the SL of the primer at 1.5250 at 1.5246, then you would have made 4 pips profit a few times, which would have made up for the “missing” pips between the primers. But this is just 1 situation amongst a 10 fold of scenarios. So you need to learn to " read " the market. And more important, keep a cool and unemotional stance towards the market. In April we saw a 100 pip spike going down to 1.5030 and then immediate retracement all the way back and then a rise. So never wait with setting the SL in the profit area, as you could otherwise then have got stuck with 3 or 4 primers. In uncertain situations, like we are in now, with the cable ending the week around 1.5170, the 2 following scenarios are better. I have my first primer at 1.5170 I Use a 60 pip distance between the "main primers. so my next main primer will open at 1.5110, In between you use a secondary primer, at 1.5140 ,which is half the size, and then use sub-primers opening every 20 pips, with a 20 pip tp. These sub-primers are normally 50% of the secondary primers, so they are basically “normal” trading volume. Now there is a very strong support level at 1.5050-25, so you should at this level, not be trading with a main primer, but a secondary primer, in case the rate turn upwards. So you need to make this fit into the calculations. Better to get stuck with a secondary primer, which within a couple of months, will be normal trading size anyway. So as you can see there are so many variations and calculations to be made before you master the primers. I wish if I could give you the perfect solution to where and when to decide the distance between the primers, but you really need to look for patterns. Since the rate took a 400 pip drop in 2 weeks, it is likely we will see both long retracements and also long spikes… So as I said then I recommend a 60 pips distance and then apply other primers. As long as you can turn your equity, before hitting the SL you are safe. But also you need to consider that, the rate eventually will start heading the other way at some certain stage , so make sure always to have the SL´s in the profit zone apart fromyour last opened primer and at major support or resistance levels, try and avoid the last oneto bea main primer. I know that this is not the perfect answer, but for me, the primers really are quite easy to master, but I have been trading the hour-glass system , which Greenland is a variation of, for more than 4 years. Only a year ago I introduced it to others on eToro ,as I saw most traders really were left to themselves, especially the noob´s , so I was “just” going to show the system to a handful of people. I didn´t know it would have such an impact on traders , but obviously the word spread and a lot of traders which were stuck, and were still struggling to make their 3rd or 4th profile profitable , joined the club. I am of course willing to come here and discuss the issue and I apologize that it took me so long to reply, but I manage several accounts plus have my own also . And since the copy-system at eToro is full of flaws and bugs, some of the bigger accounts copying me, decided that they would prefer me to run their accounts, instead of seeing me make profits while they were losing, when copying me. So a few more accounts were added. I also have had some healt-issues, which now finally have been solved, so I should be more active again. You are always welcome to ask questions and Zepp will answer the more “technical” ones and will keep me updated with other questions, directed more towards the system. I have however followed this discussion , even though I haven´t participated in it too much, as I think there are some brilliant people here, and you are extremely constructive. I wish you all a fabulous Sunday and a successful trading week .
