Re: NZD/JPY trade
Lord F, interesting observation, but you have never read in my thread or any other posts on this site that I want people to follow or listen to my forecasts. Once again, there are three reasons why I am on this site: 1. To have my personal trading challeneged and engage in good dialogues; 2. I may be bale to help a few new traders, which would not include the adaptation of my methodology, even though quite a few do use my S&R's, and have started using the ichimoku cloud to abet their trading decisions; 3. I want to learn some things, even if it means looking through the eyes of another winning methodology. Since I have been on this site, I have endorsed such threads as EUR/USD Elliot Wave, GBP/USD 123, 3 Ducks. I learned a couple of new tricks in reading from the GBP/USD 123 thread. The other 2 are solid methodologies with sound signals. There is also something to learn through the success of others.
We hear so much about needing to avoid the crowm mentality. In essence, that's what you are really asking me to do, but I can tell you the best way for me to answer that is with a vehement, "No!" You are asking me to join the crowd in setting stops, which, as a rule, I never use.
Also, I will never fit a set of stereotypes. Not all successful traders and forecasters use stops, because I am one of them that does not use stops.
Again, it is never with the intent to "mislead" someone. If someone comes to this thread and feels they have been misled, I would honestly encourage them to not come back for another visit. I would never want to mislead someone.
My forecasts and methodology has been of a benefit to a few, and I feel good at saying that. There is one who follows my thread that trades gold using the cihimoku cloud and my S&R's. Someone else follows my thread, who has been trailing me for 3 years, who is exceptionally well. As I was cathcing up on my e-mail, I noticed somoen else who has his methodology safely ensconced, but now uses the ichimoku as a reference. I could give more examples, as the list goes much deeper. It is not smoke blowing, as they are live examples from followers of this thread. That is the pride I have in joining this site.
The question should not be, "Do I fit your vacuum-type stereotypes?" All you need to do is read through my thread, and my success speaks for itself. This entire site hardly has the transparency and the success that my thread has. Respectfully, it is my belief that most people on this site are traders-wannabes, which is why they are here. This is why you do not see excetional forecasting throughout the site.
Keep in mind, if you don't believe I have exceptional forecasting and you might even question me as a trader, then I'm still going to respect your opinion, even though I would whole-heartedly disagree. Let me guarantee this to you. If everyone else shared that opinion as you do, then I would not be here. There would be no need for me to waste my time.
The clan mentality is, "Do you use stops?" My mentality is, "Do I make lots of pips consistently?" My trades don't look sexy. They just get the job done. That is all I'm concerned about.
Yep, went on vacation, no stop in place, and +123 pips. That is the bottom line.
BTW, thanks. You got what you hoped for. I succeeded with another wonderful trade. That took second place to my vacation, though.
I have no problems if you want to trade like that and I hope you succeed.Its just that you claim to have exceptional forcasts which is missleading as your forcasts have no stop points. You want people to listen to your forcasts and then you go on vacation without a stop in place.
