I’m starting this thread a place for subscribers of ‘Just Forex Trades’ to discuss the strategy.
The trade leader Jay seems to have a reputation for little to no communication with his subscribers of which there seems to be some 80 odd. The strategy and its merits or otherwise are discussed in other threads and it is not my intention to revisit those here except to acknowledge that his approach runs some counter to the conventional wisdom of ‘let profits run and cut losses short’ yet it does have an impressive track record and has netted many subscribers good returns.
HOWEVER, due to the approach employed by the trade leader the strategy is currently carrying a very toxic position which in my view combined with the trade leader’s approach threatens its very existence.
I’m interested to hear from other subscribers who actually have money on the line (some quite a lot!) how they adopt Just Forex Trades and how closely they adhere to the trades thrown out by the system.
Do you stick with the bad trades through thick and thin?
Do you have your own limits/stop losses on the trades?
Do you use a stop loss against the system?
What are you doing right now with the EURAUD trade?