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Mentorship is happening in 4 days
What is the Purpose of a Target?
I had a question about targets and what is their purpose. As I was replying it became a bigger answer so I thought I'd make it into a proper post and post it here. I'll also add it to the course. My thoughts are: A target isn't necessarily an instruction to close the trade. It is a definition of what you expect the trade to accomplish. It's an important distinction between trade management and trade planning. The simplest way I can think of to explain it is: When you choose a target, you're answering: "If I'm right about this entry, where should price reasonably go before I expect the opposing side to become relevant?" That gives the trade a destination. It doesn't necessarily mean: "When price reaches this exact level, I MUST close." A target isn't there because the market must stop there. It's there because you need to know where your trade thesis is taking you. Think about driving somewhere. If I say: "Let's drive north." That's not a plan. If I say: "We're driving to Brisbane." Now we have a destination. But if we get to Brisbane and we decide to now change plans and now go to the Sunshine Coast, that's possible. What would be dangerous is getting in the car saying: "We'll just see where we end up." This is where we need to distinguish between the original trade thesis becoming invalid and simply getting a new signal. Suppose: Long entry → target above → invalidation below. If you subsequently get a valid CE → CE short setup before the long reaches target, you have new information. The question isn't: "Did I reach my target?" It's: "Does the new setup invalidate or override the reason I was holding the original trade?" If your strategy says the opposite CE → CE is a legitimate change of bias, then yes: Close long → take short. The target didn't become useless. The target told you where you originally expected the long to go. The market simply gave you new information before it got there. So you have to decide beforehand what your target actually represents.
What is the Purpose of a Target?
Glenn...able to translate how this information helps us?
I had TV spit this out at me and I've never seen it before so was hoping you could shed light on how this information effects our trading now and in the near future....
Glenn...able to translate how this information helps us?
Suggestion with questions
Glenn; I know a lot of people have a lot of questions in regards to automated trading.... Is it possible to set up demo accounts of say $10,000 or another number and then set up say 6 different versions of automated trading for the next say 1 then 3 months so that people can see results from 1 Automated EA only doing trades 2 Automated EA with signals additionally say a repeat of those two with 3/1 risk reward, no limits on drawdown, etc. Different versions where you believe the bot will work best on automated modes with and without signals that people can use as examples to show possible highs and lows of that? I know its a lot of work and the reality is that the first three months won't show what the next three months will do in the market but as with all things automated people want to see results that say...yes I can trust my money and not worry or I can check weekly or whatever. I know you trade daily, I intend to trade daily, others may as well but it seems like a lot of questions about just automating it and leaving it alone are out there.... Thoughts from the rest of people and their questions for Glenn? Lets get them up on the board so that we can all chime in and maybe get Glenn to do something similar that will answer all of these questions. Trading is risky in some manner all of the time so making educated decisions is very important and honestly Glenn shouldn't have to sit down with each of us for hours at a time potentially answering the same questions over and over and over again...
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Let me know your feedback on this idea
💬 I'd Love Your Feedback One thing I've always tried to do is make this community as valuable as possible, so I'd love to get your thoughts on an idea that I'm considering as a few members have mentioned it to me. Rather than just keeping the memberships as they are, I'm thinking about increasing the value of what you receive at each level beyond the Standard level. The proposed structure would look like this: Standard (as is current) ✅ EA and community Premium ✅ EA✅ Signal Bot+ NEW ✅ Trade Signals The biggest change here is that Premium members would receive the trade signals at no additional cost, (currently it's a $60 per month addition), giving you everything you need to automate your trading while also having our market analysis and trade ideas available. VIP ✅ EA✅ Signal Bot✅ Trade Signals + NEW ✅ Weekly Live Mentoring/Teaching Calls The mentoring wouldn't just be another Q&A session. The goal would be to help you understand how I trade including: - How I read market structure using goldbach time - What I look for before entering a trade. - Risk management. - Trade management. - The psychology behind decision making. - Why I take some trades and completely ignore others. - Live chart analysis and market breakdowns. My aim is to help you become a better trader rather than simply following signals forever. Because weekly mentoring requires a significant time commitment each week, I would likely increase the VIP membership to $249/month. Standard and Premium pricing would remain exactly the same. In fact, Premium members would actually receive more value than they do now, with the addition of the trade signals included in their membership. Before I make any changes, I'd genuinely like to hear from you. - Does this structure make more sense? - Would the weekly mentoring make VIP more valuable? - Is there anything else you'd like to see included? This community has always been built around helping traders succeed, so your feedback genuinely matters before I make any final decisions.
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HEY!!!!
Hey guys!! Trying to get to know people here...I've spoken to a few, tried to be scammed by a former member, and would love to know how many are using the bot, how many are using the telegram signals, successes and failures, etc. So far I'm VERY impressed with what Glenn has got going here. One thing to trade, gold, and we all know that that holds its value and has forever so I'd say that is more solid than crypto, stocks, etc. I'm muddling my way through strategies now and would love to know how people are using the bot. Let's all succeed together!j I've been in crypto since 2022 in various ways. I've been scammed and lost money, made some money, met people that felt scuzzy and turned out were and a lot of people just trying to make life a little better. Why did I come here? I've known Glenn for years and he is the MOST genuine person in the trading space that I've met. He helps when you ask, gives his time freely without asking for much of anything, and has set up a system that I see learning to use to build a serious retirement fund for myself and wife. I love trading...it gives you TRUE freedom.
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