Thanks for the congratulations everyone, I haven’t felt this sense of achievement since I graduated college. Okay, I was joking about being excited about my “senior membership”, I realize all it means is that I posted 100 times or something (over half of which are scattered throughout this thread).
I took a ridiculous 10X trade around 8:50 or something tonight. I shouldn’t have been trading outside my regular hours, especially at such a dead time. I waited over a half an hour for it to do anything. Finally it broke out and I grabbed 9 pips. This made up for a -5 I had just received and definitely ends my night. I now end the day at -20.2, certainly not as bad as it was around 11:30 this morning.
Hi everyone
Ive not been posted my goji as I havent been trading that way I have been trying out a peice of software called forexkiller which I have been trading live with alot of sucess.
I am on holiday tomorrow so hope I can speak to you on TS.
I been looking back and I am thinking that goji is good when market is good but cannot put my finger on why I thought it might be that if its trading between a small range then it will stop you out before you can even get your BE. I find the history on Oanda not very good to check these sort of things.
I will post my results for the live trading using the software if it helps at the end of the week sorry to not be trading the goji but glad however I like you guys anyways
btw it is good to put the ask/bid on ouanda as istantly you can see the spread and I have seen some massive spread chages out of news too which maybe another reason you get hit
one of the things that i have to work on is taking better notes now that we are using the audio. needless to say, presently, i did a much better job previously. that said, my trades produced the following: +7, -5, BE, TP, -5, and for an instant i thought about quitting while ahead the +9.9. i did not, however, and had three consecutive S/Ls trades to cause me to end the morning at -20. i will be back at 3:00 pm.
Looks like this week is being especially difficult for this system, compared to how it has performed in the past. Is there anything in particular yet that stands out as being a cause?
My morning trades:
Missed the 10X just before 8am.
Long 10X, 1.2620 at 8:48: SL
Short 10X, 1.2595 at 8:55: -7. Stayed in this trade way too long, should have taken a BE.
Short GC, 1.2520 at 11:02: BE
Long 10X, 1.2535 at 11:26: -7. Stop was raised to BE but got slipped.
-24 for the day.
I had -17 yesterday, which means my week total is -38 so far.
When I look back at the 5 minute charts for Monday and Tuesday, price is just all over the place. Long wicks, quickly alternating long/short candles. I don’t know when I’ve ever seen it that crazy. It certainly hasn’t been good to the goji system. Bernie mentioned today that a lot of systems seem to be having problems this week, and I’ve noticed this in a few different threads as well. Hopefully it’s a tough week because the system is trying to scare off all of us new goji traders, because of the profits to come!
I’ve never seen one of these gaps on the M1 chart before (see attached), does this happen much?
i am speculating but i still think the chop is from the uncertainty of this spending bill combined with really negative news coming out of europe. look at many of the other pair, ex. g/u from 11:30 am to 2:00 pm est. it was in a very tight range. when i quit and, especially if things are not going right, i take some time to investigate. here’s what i will be doing for the rest of this week: i am moving to a 15 minute chart, i will use only 1/3 of my normal unit amounts, and i am increasing the S/L to 30.9 and the TP to 49.9. this should eliminate much of the noise we have been putting up with lately. i will also use only one candle for a goji candle situation. this may also mean more time in front of the screen but in tough times, we may just have to work harder. i am starting this, now in fact, as i am in a short trade at 1.2555 entered at 2:00 pm est.
later,
g. b,
ps S/L to 1.2580 @ 2:20
pps. S/L to 1.2550 @ 2:39, BE @ 2:37, exit, 1.2550 @ 2:51 +5
I’m not sure what I’m going to do. I gave even more pips back this afternoon, you’d think I would learn to stop trading right? Well, I need to shut it down for the day because I can feel myself getting vengeful. And that’s no way to be when trading. Maybe I need to find a different system for times like these, or maybe I just need to step to the side.
My trading account is now half of what it was when I went live last November. :mad:
I’m in the EXACT same hole as you, to the pip pretty much. I just cut my default lot size in half. Not easy to do, cause it makes it seem like that much longer to get back to break-even, but at least I’ll lose less if this onslaught continues…
Well, what we used to have on our accounts is history already. We need to feel as we’re starting from day 1 now, with what IS there. My personal action will be taking a break until 8am tomorrow at least. I do not think I’ll even try to catch 5-6 losers from 3 to 5a.m.
I will not even think of trading, there are definitely other things in life, as Bernie said.
Guys, I don’t mean to be a Debbie Downer, but I think you might just have to accept that no one but Bernie is going to get the kind of results he does. Whether he has uncanny intuition or just spectacular luck, his results wildly surpass those of pretty much any “pro” trader on the planet. Following the rules of this system DOES NOT produce the same results for, apparently, anybody else (I know it didn’t for me). His results are dependent on inimitable and seemingly random decisions to break the rules: to stop trading early some days and not others;to keep going after a loss or two one day but not another; to quit while he’s ahead or to ride a streak; to move the stop loss earlier or later; to take another trade at some other time of day sometimes.
If I were Bernie, I would keep doing this until I were a multi-millionaire (which, with his reported results, and assuming he is compounding, already happened quite awhile ago); if I were anybody else, I would find a different path.
Bernie, you must have been a saint in a previous life, because you truly are blessed
Hi pls having red fores trading from babypips,i need a direction to open a demo with good broker,pls can u direct me or fx solutions is good for that?also i need good working trading system my email is <[email protected]> or <[email protected]> thanks Andy
andy, a number of our guys use oanda, OANDA, The Currency Site: Foreign Exchange Services and Trading, as do i. everyone else. i will not be trading this evening at 7:00 pm. i have some obligations. i have, however, just entered a trade which is sort of unusual for us. anyway, i was talking to a gentleman this afternoon and he assured me that there is a high probability if the trade is entered it will hit our TP if using our newly expanded trade zones from this afternoon. therefore, in lieu of my absence, the trade:
enter long, euro/yen ONLY IF IT HITS, 117.92. again, use 1/2 of your normal units and use the TP and S/L, i changed to earlier. see you in the morning. thus far today, -15.
g. b.
ps i moved the S/L down to 117.42, there seems to be a bit of support there.
Thank you for taking the lead in suggesting and setting up Teamspeak. I like it.
Now, I am sorry to read that you are not going to trade the setup any longer and are using forex-killer. Please be very careful. This has been around for some time and resurfaces every several months. Most of the sites have gone “dead-link” since last fall that were involved in the latest reincarnation. Good luck with your trading.
Today we saw slight weakness in the Euro today after a strong downward move yesterday. The pair has slowly moved down and now is moving in a small range with not much movement. One of the possible reasons for the lack of direction in the pair is confusion for traders as to where to invest thier money. The economic news is terrible, the Euro news is bad and the Dollar news is bad. Traders right now have no way based on fundamentals to determine what is a good investment. The overall consensus as to why the Dollar is gaining is because when in doubt hope on the dollar. That is a hope, that is eventually going to be crushed because of our policy to print more money and our extended debt. I think that short term we can see more gains but long term all these news events are going to catch up with the Dollar and we are going to see the value decrease at a rapid pace. The technical end of this is signaling more Dollar gains. I think we are going to see a double bottom in the near term at 1.2331.
hi all,
well, the eur/yen trade didn’t work out either. i found this article which coincides with my thinking at the momment. i think it sheds some light on why we are doing very well right now.
