Never underestimate an idiot.
Contrarian trading 19 replies
Why contrarian trading works 3 replies
MACD Contrarian System 6 replies
A Contrarian View on the U.S. dollar 11 replies
FXCM Dailyfx commentary as contrarian Indicator?? 30 replies
Dislikednzd/usd short @ 0.7715 stop @ 0.7790
usd/jpy short @ 81.90 stop @ 82.70
aud/nzd short @ 1.2890 stop @ 1.3020Ignored
DislikedUncle, love the title of of your thread.... from one contrarian to another would you care to explain how you define your trades as contrarian.
Also if you are short nzd/usd and aud/nzd at the same time you're essentially making it an short aud/usd..... at least for part of the trade - is there some reason for that?Ignored
DislikedHi Zen,
Loved the Wallace tag.
Thanks for the questions.
Why contrarian?
Do you subscribe to the view that the vast majority of traders lose money? (I don't like to put a % on it) There is so much free and paid for info available on how to trade correctly.Ignored
DislikedWell I've always been a fan of the amusing duo....
I wish it was as easy just to implement the above ideas you've listed but I think you money management above all else - and as many great traders profess take every human instinct and reverse it!!!!
Good luck I might chip in every now and then with some contrarian ideas of my own.
Stu
PS I'm currently long quite a bit of CHF - reason: try and find someone who thinks usdchf is headed for further lows.... we'll seeIgnored
DislikedWell it's been a bit of a revelation.
For the record :-
5 winners, 7 losers, 3 B/E
Net total +155
.Ignored
DislikedNice work Gromit!!!! do you ever look at things in terms of Rs?Ignored
Dislikedyes I think the R framework is a great way to look at your risk reward and i think if anything it would give you more confidence!!!!
There are plenty of people out there picking up quarters (50ps to you and me) in front of steam rollers.... I don't think you're one of them but its something i like to check my own results forIgnored