I need to "trade out" of my long, USDJPY position

Yesterday I posted here how that early morning 300 point collapse in USDJPY was ridiculous.

It came about as a result of the BOJ standing pat on rates. "That's how people trade?" I asked.

Well apparently.

As if a greater degree of negative rates was somehow a "stimulus." The whole thing was absurdity to the extreme and completely out of paradigm with the current reality so what was I supposed to do? I simply HAD TO go long USDJPY and I did.

That trade was actually in the money for about 2-3 hours, but then it turned around and we're about 100 pips lower than where I bought in.

Then what did I do? Did I panic? Did I beat myself up? Did I frantically PAY the market to get out and take a loss?

No. That is not the proper mental game and not the proper strategy.

While I believe my reasoning for buying USDJPY was correct (although in the backdrop there is a serious, bearish dollar environment developing now), it is not working out.

What I teach in my Forex course is that we trade according to the principles of MMT. This trade was. (Japan enacting a nearly, $200 billion FISCAL stimulus for the economy and earthquake cleanup and reconstruction. That's bearish for the yen all things equal.)

However, when MMT trades do not work and we are caught with losses (it can happen because sentiment, too, drives markets and when clueless idiots believe something they can push the market like a stampeding herd) my course teaches you the SKILLS to trade out of what is not working.

The best offense is a good defense!

So, that's what I am about to do...trade out of this position that is not working. I am adding another unit of long, USDJPY at 106.89 to lower my average.

Stay tuned...

And by the way, if you haven't already, BUY MY FOREX COURSE. 25 hours of instruction for $250 bucks. ($10 an hour for those of you who are math-challenged.)

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Make that 51 trades, ZERO losses.

Just closed out another Forex trade today with a profit. I had this trade on for about two weeks and it was underwater most of the time.

By using the Forex strategy that I teach and some patience (Mental Game), I was able to trade out of this and book a small profit.

As I teach, in nearly all cases (other than some kind of "force majeure") losses are a choice. The problem is, the entire body of trading instruction TEACHES YOU TO TAKE LOSSES.

I teach you how to win.

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Dollar/yen getting slammed. I'm short, which is nice, but wondering whether or not this has something to do with Greece?

Dollar/Yen getting slammed in the last hour. I am short thanks to my trading strategies and other analyses, but wondering if this has something to do with growing angst over Greece?

Learn to trade Forex. Global macro strategy. Market Composition and "bulletproof" Mental Game!

Euro at a 12-year low against USD and heading lower. Are you trading this?

The euro is collapsing. It's currently at a 12-year low against the dollar and heading to parity.

The euro is not being made "harder to get." Prices are being set, but they're not being set by the ECB, they're being "set" by large European exporters attempting to keep market share. We have been saying this, here, IN THIS BLOG, all  along.

You should be trading this along with other currencies against the dollar. If you are not then it would be well advised that you take my next online Currency Trading Course. I teach you the fundamentals, as well as Market Composition and how to develop the proper Mental Game so that success easily flows your way. My strategies and techniques have turned novice traders into winners. Just check out the testimonials.

There is big money to be made trading Forex. Twenty minutes per day is enough to bring a significant stream of new income to you, but you have to know what you are doing. Let me teach you. I have 35 years of experience doing this and have crafted a course that has helped many.

My next course is March 16-20. You have five days left to register. The course fee is $1595 and I believe in this course so much and its ability to help you that I am offering a full, money back guarantee. If for any reason you are not satisfied with what I teach you, then I will refund your money no questions asked.

You're not going to find a better deal. The things I teach you may very well change your life. That's what happens when have more income and freedom and time to do what you want.

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-Mike Norman

$80,000 in profits in two months on a $100k account!

With another $7,000 profit today on a position I just closed out in USD/CAD, that makes $54,000 total profit for April. Add that to the $26,000 profit in March and that $100 grand client account that opened up two months ago has now grown by $80,000.

An 80% return in two months. No losses. Not bad.

Market Composition + MMT + Mental Game

Just closed out long yen trade for a 20% gain!

I just closed out a long yen trade that I put on last week when everyone was selling. Last week all you heard were bearish comments about Bank of Japan "stimulus" and "yen printing" and this and that. MMT said it was all wrong. The clueless sold...I bought and closed it out today with a 20% profit.

The account that I am managing for a client (a well known person) that was opened on Feb 25, is now up nearly 80%! (Started with $100 grand.)

The account I use to teach my trading course is up 140% in 11 months.

ZERO LOSSES for any of the accounts I trade.

Market Composition + MMT + Mental Game.

It's what I teach. It's what works.

New Forex account that I am managing up 40% in one month!

An investor (someone well known who I will reveal very soon) gave me $100k to manage one month ago. I am solely trading Forex using my *MMT + Market Composition + Mental Game* approach. It is what I uniquely teach in my Forex courses.

This account is now up 40% in one month. Not a single loss.

Meanwhile...the Forex account I use to teach students when I give my courses...that's up over 120% in 10 months and not a single loss.

And if that's not enough...a student of mine who completed the last course--total novice, never traded before in his life--is making money and has not had a single loss since taking the course.

This is what I can tell you: I have been trading for over 35 years and have been a member and floor trader on four exchanges. I have been through it all. I have seen it all. I have experienced it all.

But teaching these courses and applying MMT, while bringing in some other resources and most of all, refining the psychological aspect of trading, has been nothing short of transformational. It has not only brought  me, personally, to a level of understanding of market behavior that reduces the whole game down to total predictability, but it has allowed me to pass along these insights to others...literally train people to model what I do and achieve success as a trader right out of the box. I don't want to sound corny, but it's hypnotic.

A few weeks ago you may have read about a company call Virtu, which is a super successful high frequency trading shop that is planning on going public. The company is owned by a guy named Vincent Viola. I know Vincent. We were both traders on the NYMEX together back in the 1980s. By the way, not only does Viola own the most expensive house in NYC, he also just bought the Florida Panthers NHL hockey team from a guy named Cliff Viner and do you know who Cliff Viner is? He was Warren Mosler's partner in their III Hedge fund.

Anyway, I'm not here to talk about Viola. What I wanted to say was that when the Virtu IPO filinng went public a few weeks ago, people were talking about the fact that the company had not had a losing trade in five years. It made money ever single day for five years.

Now if this were prior to the market secrets that I have recently discovered, I would have been the first to cynically pooh-pooh Virtu's claim. I would have said they were full of crap. However, I am here to tell you it can be done. Absolutely, without a doubt, unquestionably, it can be done. I am living proof that it can be done.

Virtu may be a high frequency trading shop, but it doesn't matter. The same principles that Virtu uses, I use and I am not a high frequency trader. On the contrary, some of my trades take a week or more to work to fruition. The point is, it doesn't matter whether we're talking about the micro level such as the level that Virtu operates in or the macro level or levels in between. It's literally all the same. It's like like the physics in the subatomic world that scientists see at work in the vast reaches of the cosmos.

I know this sounds crazy, but it's not. It's real. I have crossed over into some new dimension. I have been lifted to a plane of understanding that is beyond anything you can imagine. At the same  time when I read or listen to other traders talk now or, hear their strategies it's like listening to something out of the stone age. I am even shocked that people would use these approaches. So crude. It's literally like throwing your money away.

Anyway, I just needed to say all this. It's been a while that I wanted to write this post. This is not a push for course attendance--I may even stop the courses because the trading has been so good and so engaging for me. But at the same time I wanted to tell you about my discovery and say that this is out there. It can be yours if you want it.

Good luck to you all and thank you for your readership.

-Mike Norman

Trade Forex with ZERO losses

Learn the most powerful trading approach that you will find anywhere. Combines MMT with my new, "Market Composition" method of trading. Find out more here.

Not a single loss.

Another Forex course concluded with no losses

There has not been a single Forex trading loss since I started teaching these courses about eight months ago.

This is not a coincidence. We are talking about 60 or 70 trades. What I teach is fundamentally different from anything else out there. It combines my experience as a floor trader, MMT and proprietary information found only on the Oanda platform.

In addition I teach the psychology of trading--the "mental game." That is crucial.

I guarantee that after taking my course you will view other methodologies--technical analysis, volatility, momentum, pure fundamental analysis--as extremely primitive and unable to consistently deliver results.

This course shows you how it is possible to trade without losing. It IS possible, you just gotta know how it's done. Very few people understand the true short-term behavior of the markets. Trading success is ALL about that.

Next course is Jan 6-10.

Go here to see course schedule for 2014.

My Forex course teaches you how to apply MMT and the results have been phenomenal!

Still time to sign up for my online Forex Trading Course! But hurry!!!

Still time to register for my Forex trading course

Course starts Monday, Oct 21 and runs through Friday, Oct 25.

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Forex trading has no commissions and is a true, 24-hour market and the largest market of any in the world.

I have 34 years experience trading Forex and have traded on the floor of four major exchanges. I have taught many how to successfully trade Forex.

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What will you do if the U.S. defaults? Protect yourself by learning how to trade Forex!

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You will learn the ultra sophisticated Oanda Forex platform. This is, by far, the best online trading platform that there is. I've been using it for over 10 years. In fact, I have friends at major banks who trade Forex for a living who don't have access to the capabilities that Oanda gives you. Tight spreads, no commissions, Forex options, technical analysis, customization and much, more!

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In 3 days the U.S.A may experience an uprecedented default causing panic in financial markets. Protect you assets and income in the foreign exchange market. 

My past courses have had many satisfied students. Read what they had to say:

"I came into the boot camp not knowing anything about forex or forex trading. Prior to the class I did logon to the Oanda system to learn the basics of the software and forex nomenclature, I would very much recommend anyone not familiar with forex to take the time to do this first. In the three day course Mike was able to convey a clear step by step methodology and demonstrate trading techniques that not only anyone can understand but are actually practical to use. Mike describes how to understand what makes the Forex markets move, how to position yourself for success, and if need how to work out of a negative position. Mike was very engaging, entertaining, and keep a fast pace for the entire class. I had high expectations for the class and I can say that not only were my expectations met but in many way they were exceeded. I now have the knowledge and confidence to begin forex trading. How successful I will be is still an unknown but I do know that Mike has committed to all his students that he can be contacted for questions and advice. I highly recommend the boot camp and I am sure if you take the class you will feel the same." -Dan

For  more info go to www.pitbulleconomics.com/forexcourse

Don't wait, enroll today and learn how to trade Forex like a pro!

-Mike Norman

I'm ready to learn how to trade Forex like a pro. Sign me up for Mike Norman's Forex course!

Turn turmoil into profit. Learn to successfully trade Forex at my upcoming course

Forex market volatiltiy is heating up and there are likely to be big moves ahead.

Learn how to turn turmoil into profit. Enroll in my upcoming Forex trading course today.

Yes, I want to learn more about Mike Norman's online Forex course!

2 days left to sign up for my online Forex day trading course

Mike Norman's Forex trading course Is this email not displaying correctly? View it in your browser. Only 2 days left! Learn to trade currencies like the pros My Forex course will teach you how! Course date Sep 16 - 20 Don't wait...sign up now!  Next week I will be giving my 5-day intensive online Forex trading course. This course is designed to turn you into a successful currency trader. I’ll not only teach you the mechanics of Forex trading, but I'll also show you the proven secrets of the pros. The currency markets have been exploding with volatility lately and volatility means big profits...if you know how to trade. My course has literally changed the results for many of my students. Big profits can be yours, too. Sign up for my course and get the inside strategies and techniques of the pros! Forex is best! The Forex market is the largest and most liquid market in the world with $4 trillion traded per day and true, 24-hour action! It's bigger than stocks, bonds and commodities commbined! Mike Norman Wall Street veteran Mike Norman has been trading currencies for over 30 years! He was a floor trader and managed money for one of the world's largest and most successful hedge funds. Pro trader! Learn the secret strategies and tactics of the pros, which will allow you to make money consistently. These concepts are not taught anywhere else! Mental edge This course will not only teach you the strategies and tactics of the pros, but you will learn that techniques of mental control and self-mastery, the key ingredients to success! Oanda This course will teach you how to master the powerful Oanda trading platform. Oanda is by far the most sophisticated online Forex platform, with incredibly tight spreads, the most currency pairs and awesome functionality.  follow on Twitter | friend on Facebook | forward to a friend  Copyright © Contrarian Media LLC, All rights reserved. Our mailing address is: contrarianmedia@hotmail.com Sign me up for course!  unsubscribe from this list | update subscription preferences

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One week left to sign up for my online currency trading course.

One week left to register for my Sep 16 - Sep 20 intensive online currency trading course. 

Learn the ropes of currency trading on the powerful Oanda platform.
Check it out here.

Only 10 days left until my Forex day trading "boot camp!" Register now!!!

Boost your income trading Forex!

If you missed my last Forex trading course don't worry, I will be giving another one 

September 16 - September 20.

Mike Norman's 5-day online intensive Forex trading course.

Learn how to trade Forex successfully.
Some of the things I will be teaching you:

• How to take steady, consistent, profits day trading foreign currencies
• How to sell high and buy low with ease and precision
• How time zones can clue you in to market direction
• How to put the odds in your favor on every trade
• How to limit losses without frequent stop outs
• How to take advantage of the news for big profits
• How to use support and resistance the way savvy pros do

For more info go Mike Norman Forex trading course.

To register, go Register for Mike Norman's Forex course or Pitbulleconomics.

Debt ceiling, budget negotiations, Syria!!! Learn to trade Forex and take advantage of the coming volatility!

Sign up for my upcoming Forex trading course in September!

If you missed my last Forex trading course don't worry, I will be giving another one 

September 16 - September 20.

Mike Norman's 5-day online intensive Forex trading course.

Learn how to trade Forex successfully.
Some of the things I will be teaching you:

• How to take steady, consistent, profits day trading foreign currencies
• How to sell high and buy low with ease and precision
• How time zones can clue you in to market direction
• How to put the odds in your favor on every trade
• How to limit losses without frequent stop outs
• How to take advantage of the news for big profits
• How to use support and resistance the way savvy pros do

For more info go Mike Norman Forex trading course.

To register, go Register for Mike Norman's Forex course or Pitbulleconomics.