Confirmation – A Must Before Entering

You don’t simply pick a price level like its set in stone! Tell me you understand that every brokerage / major bank on the planet “sees and knows” where your stops are placed!? They see your orders numb nuts!

If you think it’s gonna be 112.00 – you don’t think markets will push to 112.50? or blow out stops a full penny above? Common….there you go again – trusting the system.

This system is “designed” to take your money – you get that right?

You need confirmation “BEFORE” entering so….what is confirmation?

For me it revolves around “swings” – that generally being on a daily chart. We see USD weakness today “as suggested” but…I need to see more. I need to see a daily close “lower” than the previous day to even consider a “swing high” is in place Get it? It’s close….but no cigar. I need to see another day’s action before I consider entry. Maybe you do to!




4 Responses

  1. Danno May 4, 2017 / 4:48 pm

    Yes master…learned my lesson yet have a lot of room to use. Thanks

  2. Brian G May 4, 2017 / 9:15 pm

    Still holding Aurora? J. Sessions waving the white flag…

    • Forex Kong May 4, 2017 / 9:33 pm

      I am – as it’s a starter position and I will be buying 1000’s more shares over the coming year. A nickel or a dime ( or even .25 cents ) doesn’t make a dif for me on this one.

      Curious? What does J Sessions have to do with anything? This is Canada we’re talking about, and the deal is essentially done. We’re goin federal.

  3. Brian G May 4, 2017 / 10:04 pm

    Cool, thanks! Got in as well off your last reco, greatly appreciated as always… Don’t think it means much for ACB , just something I read before the comment so was top of mind. Good for the industry as a whole..

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