The Never Lose Again thread is probably a better place to talk about this, but I’ll answer your question briefly here. Many think TRO is a scammer and his methods don’t work (the scamming accusation comes from the fact that he accepts donations for some custom indicators he writes for MT4 - you do not need these to trade his set-ups). I believe his methods can work if employed correctly. He’s a statistical trader and goes for relatively small gains that add up over time. I’ve read his entire thread and have found some of it useful. To employ his systems with any success, at least in my experience, you have to be able to take many small losses as well as wins. This can be tough psychologically as many of us know. Also, the thread can be misleading because those who are trading his systems typically only post their wins, and never their losses.
Update on myself: I still enjoy reading this thread, but with much trial and error I’ve decided once again that the goji is not for me. One day I’ll find the trading style that fits me best… On a positive note though, I’ve made an 85% increase in my equity level since hitting my all time low last month!
Hi charithjanitha,
Like I mentioned in my private email reply I just sent to you, this is quite off topic for this thread …and as lavaman stated, it’s better off in the NLA thread, or asked privately. Hopefully your post won’t spark a series of further posts on the matter.
Hi goji,
Ok now that I’m here, I just wanted to point out that which is probably just a typo, but if you went long at 129.69 and exited at 129.59, that would be -10…so either you went short, or got the prices switched…
I don’t know how do you get perfect entries? maybe you’re that lucky enough but over all I don’t think I will be profitable using your system. because it’s move whenever you enter. good luck, I’m out.
It’s nice to hear that you’re doing well, way to go!
Unfortunately, I cannot say the same about myself. Trading the original goji system, during April, I lost everything that I made in March and about 40% of what I used to have on my account on March1.
I’m currently sitting on all-time low, recording a new all-time low every trading session, pretty much. Few good trades ussually happen when I take a break after picking up losers.
I have to say though, that I took on way too much risk. Obviously, if someone doubles an account in a week, money management was most likely thrown out the window. Now I’ve got to get serious. What happened was, my account got to a low point where I just thought “I’m going to either blow this thing or get it back to a meaningful stake if I’m going to keep trading.” My plan was that if I blew the account, I was going to hit the demo for the rest of the year, if not, then I’ll just see what happens and hopefully learn to trade better along the way. I had completely accepted the risk at this point, but I still ditched the 2% rule completely.
Lately my trades have been a little more long term. I’ve even learned to go to bed with an open trade, and I think I’m learning some patience from that. I traded the goji again for a while about 2 weeks ago. I was patient and following the rules and I hit loss after loss. I think it’s a valid system and of course it works great for Bernie, but it doesn’t work for me.
I kind of feel like orpips did in post #676, though I’ll try to leave out the sarcasm!
well, i don’t know about the perfect entries. at 3:00 pm today, i entered long e/y at 126.65 and right now it looks like we may be getting some upward movement after a lot of jumping around. oops. it bounced back down. i am certainly sorry to hear about some of the problems some of you have been having. this is not the reason i started writing this. i will say that i am right around the corner from a major shift. it will have to do with longer term trading. this is also why i have moved my time back out to the 15 min. chart. ny is closing and i may be in this trade for awhile. guess not, i was taken out, right at 4:00 pm at a max S/L, -23, +33.
For the day: -22.5 which makes a new all-time low. Ta-da!!!
April trading makes me think of implementing the “anti-goji” system, placing orders in exactly the opposite way. I would have made good money had I used it.
Haven’t seen anyone posting in this thread for 4 days…4 days is a long time and wonder how’s Bernie and everyone? Hope you guys are fine and happy trading. Still awaiting Bernie’s major shifts or modes in trading plans to unvail. I am still demo trading with Oanda using the STARCs and testing some auto EAs. Still not confident enough to go live account yet.
Wow, i just read the entire thread. Took a couple days but very educational. I used to trade a similar setup with the “Bollinger Bands” aka STARC lines buti never had proper trading management ( no stop loss’s, take profits, etc ). I pretty much just traded on instinct. Made good money at first, then drained the account due to lack of discipline. So then i went back to the stock market. Now the stock market is to unpredictable lately so im giving FOREX another try since it cooperates with my work schedule.
I have learned alot from this thread…mostly about discipline. You have changed your system many times, but technically its still the same, just with added features. You still look for EMA cross trades along with overbought and oversold conditions ( STARC strategy).
Im going to follow along as best as i can and demo for a couple months to see how much my discipline has improved before i go live again.
There’s not much to post about. The results have been incredibly UGLY recently. See my posts #986 and #989, it got worse since then.
Our mentor Bernie, who seems to be the only trader in the world able to be consistently profitable using these setups (as well as trading, pretty much, with no system at all) has conviniently disappeared. Well, he must have made a couple of bilions already and does not bother writing here anymore.
Yep, I gave up on this one. I’m happy for Bernie though that he found a profitable system that works for him. I’ve tried numerous systems and right now I’m back in a learning phase. I just figured, instead of blindly trying more systems, why not recommit myself to studying price action and why things do what they do. I’m spending more time in books and enjoying a new thread on gartley 222s and butterfly formations. I thought it would be over my head at first, but nothing seems to be if I apply myself to it.
Chasingpips - feel free to message me if you feel like it. I know with persistence we can find a profitable way to trade, it just might take more time than we had hoped!
I suggest you go to the 1st Section of the Holy Grails and pull up the thread “Profitable Price Action Strategy” by Mav08 (aka Nial Fuller.) Yes, he got banned, was invited to rejoin, but his position regading James’ thread was the issue. I went to his site and for free learned the “reversal pin bar” strategy and it has done wonders for my acct. I have much better successk with D. TF vs 4H but both can be very good. Also read the KISS thread and MasterGunner’s PA strat. - must reads for indicator free trading.
Very frankly i quit following goji because he wouldn’t (he said he couldn’t) post charts. You can post Oanda charts & it’s easy. I was always bothered by this plus after losing $ in '08 I started gravitating to longer TFs, not shorter.
i am still here and no, i still do not know how to take oanda pictures and place them in babypips.
i have not been writing any more because when i started this, my entire motivation was to help some of you. as more and more of you have indicated that you are not being helped, i determined that i should stop.
look, i do not need any gratification. i am not planning on starting an advisory service. i have developed something that does work for me. it is frusrating to me when i hear from you that you are not being helped.
now to take this one step farther. i was not teasing you by mentioning a major shift in what i was going to be doing.
here is what i will be doing: i have been and am still purchasing silver bars. the heavy ones that weigh 63 lbs. truly, i am putting the profits that i have been generating into this. it is my intent to hold the silver bars as a long term investment. right now, i am using the daily and three hour charts to swing trade and i am going to focus on silver exclusively going forward. when silver is trading down as it now is, i am as using oanda to provide insurance for my long term investment. when it reverses, i will be swing trading the upward moves.
i was planning to share this with you when i was totally set up.
now, and only if some of you would like me to continue, i am willing to provide swing trade up dates on what i am doing. keep in mind i would not classify what i am now doing as “day trading.” thus any updates provided would not be daily.
in all honesty, i have enjoyed writing this forum and the trading relationships that were developed. i just wish more of you would have been more successful.
