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The Oldest Rule In Trading Still Works

  • #21
  • Jan 12, 2018 11:50pm Jan 12, 2018 11:50pm
Quoting VEEFX
{quote} Allow me.... Translation: Counter Trend Trading also works in trending markets.
Yeah, counter trend works, until it does not...
Maadik Hugiis. IQ 69.
  • #22
  • Jan 13, 2018 12:26am Jan 13, 2018 12:26am
Quoting NewstradrFX
It's very hard to lose money trading when 2 out of 3 bad trades breaks you even or puts you slightly ahead. It's much easier to do than to find a mystical system that picks 7 outta 10 winners over many trades.
I use to always think that, until I just accepted to let the losers remain small, and again, be disciplined enough to know when I'm wrong and I just end the trading. After all this. I'm still only a winner 1/2 the time. What's important is how much larger your winners are vs the losers. The larger the gap, the more wrong I can be and still come out ahead. This is difficult to learn, because it involves a lot of self control and discipline.
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  • #23
  • Jan 13, 2018 12:44am Jan 13, 2018 12:44am
Quoting MoneyZilla
{quote} Yeah, counter trend works, until it does not...

Perhaps this?

Allow me.... Translation: LTF Counter Trend Trading also works in HTF trending markets.
Staying in my lane...
  • #24
  • Jan 13, 2018 12:56am Jan 13, 2018 12:56am
Quoting VEEFX
{quote} Perhaps this? Allow me.... Translation: LTF Counter Trend Trading also works in HTF trending markets.
That is the part I dont really understand. Being there for two years. Now CT trading only the tops/bottoms. The short corrections with their respectful destination. Not really a real CT strategy... Just trying to ride the new short lived momentum. Not always successfully, however.

My best CT setup is still runing on a demo, for about a year now. It makes 40% in annual return with same -40% of a DD. Will never trade it live...

We can live with our dissimilarities and I respect your choices. Not trying to prove myself right here. Just sharing an opinion. Ultimately I might be wrong.
Maadik Hugiis. IQ 69.
  • #25
  • Jan 13, 2018 12:04pm Jan 13, 2018 12:04pm
The Oldest Rule In Trading Still Works


If by "The Oldest Rule In Trading Still Works", you mean, NEVER LET THE OPINIONS OF OTHERS GET IN YOUR WAY OF TRADING THE MARKETS, then yes, you are correct.

If by "The Oldest Rule In Trading Still Works", you mean, TRADE THE IS; NOT THE SHOULD BE, then yes, you are correct.

If by "The Oldest Rule In Trading Still Works", you mean, THE TREND IS YOUR FRIEND, then yes, you are correct.

If by "The Oldest Rule In Trading Still Works", you mean, CUT YOUR LOSSES SHORT AND LET YOUR PROFITS RUN, then yes, you are correct.

If by "The Oldest Rule In Trading Still Works", you mean, PLAN YOUR TRADE AND TRADE YOUR PLAN, then yes, you are correct.

(see what I did there? )
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #26
  • Jan 15, 2018 9:27am Jan 15, 2018 9:27am
aah, I have "one more"
When green crosses red ........
Risiko birgt immer auch die Chance.
  • #27
  • Jan 15, 2018 9:28am Jan 15, 2018 9:28am
And now a fact:
Markets tends to retest former price levels.

stay tuned
Guido
Risiko birgt immer auch die Chance.
  • #28
  • Jan 15, 2018 9:48am Jan 15, 2018 9:48am
Quoting Sesamstrasse
And now a fact: Markets tends to retest former price levels. stay tuned Guido
And that is an oxymoron
  • #29
  • Jan 15, 2018 10:46am Jan 15, 2018 10:46am
Quoting jdieieh
{quote} And that is an oxymoron



"dollar sold off on tax cuts news???" - That´s an oxymoron

Guido
Risiko birgt immer auch die Chance.
  • #30
  • Edited 11:11am Jan 15, 2018 10:56am | Edited 11:11am
Quoting Sesamstrasse
{quote} "dollar sold off on tax cuts news???" - That´s an oxymoron Guido
You forgot to use double quotes, unless... you did not understand what you were quoting

Back on topic... I like to lean on REAL experts in their OWN field. Here is a good one: "Everybody has a plan until they get punched in the mouth."
  • #31
  • Jan 15, 2018 11:19am Jan 15, 2018 11:19am
Quoting jdieieh
{quote} You forgot to use double quotes, unless... you did not understand what you were quoting Back on topic... I like to lean on REAL experts in their OWN field. Here is a good one: "Everybody has a plan until they get punched in the mouth."
Nope, in this case I´m really not with you.
Double note is given IMO.

2nd
I´m really not willed to pay other people bils with my trading..
I´m not a sheep.
And-- more important-- I´m profitable..



Wish you good luck with your aproach.

PS:
Sry NewstradrFX for a bit off topic..
Risiko birgt immer auch die Chance.
  • #32
  • Jan 15, 2018 11:24am Jan 15, 2018 11:24am
Quoting Sesamstrasse
{quote} Nope, in this case I´m really not with you. Double note is given IMO. 2nd I´m really not willed to pay other people bils with my trading.. I´m not a sheep. And-- more important-- I´m profitable.. Wish you good luck with your aproach. PS: Sry NewstradrFX for a bit off topic..
I though the most of the scammers (at least cleaver ones) moved to cryptos long time ago. Forex is not fashionable anymore
  • #33
  • Jan 15, 2018 11:43am Jan 15, 2018 11:43am
Ow, in the market there is no rules
  • #34
  • May 8, 2018 1:53am May 8, 2018 1:53am
The salient feature or rule of any financial market is: buy the security at low prices and sell the security at higher prices. And to make so, a trader should invest his surplus funds that he won’t need immediately. Forex market is also based on this basic rule: we all are trying to buy currency at the bearish situations and then sell that currency at the bull situations to make profit from the basic price fluctuations.
  • #35
  • May 8, 2018 5:15am May 8, 2018 5:15am
One of the most pointless threads I´ve ever read here. 2 pages of just "blah blah" that help nothing at all.
  • #36
  • May 8, 2018 5:22am May 8, 2018 5:22am
Do not use your brain to trade , brain is your enemy in trading .

This help.
Exits == most important part of your strategy
  • #37
  • May 8, 2018 6:43am May 8, 2018 6:43am
Use trend not brain.... LoL...
Trade fearless not careless...
  • #38
  • May 8, 2018 7:12am May 8, 2018 7:12am
Quoting geektrader
One of the most pointless threads I´ve ever read here. 2 pages of just "blah blah" that help nothing at all.
Well,welcome to ff my friend
  • #39
  • May 10, 2018 4:43am May 10, 2018 4:43am
The market just move. Thant's all what you can know surely.

Moreover, movement has an oscillatory (wave) character. This is due to the fact that the market depends on economic indicators and fundamental events, those are tied to points in time.
Given the wave structure, we can assume: when the price moves along the time axis, the market will have extremes.
Consequently, "The Oldest Rule In Trading" is a logical solution.
Dont hurry in three situations: marriage, sex, trade.
  • #40
  • Jun 21, 2018 9:21am Jun 21, 2018 9:21am
While trading in any financial market it is the basic rule of trading: buy the security at lower process and sell the same at the higher prices so that profit can be ensured from the price fluctuations of a given security. No matter how much modification is ensured in the forex market or any other financial market this basic or fundamental rule will never change. And a trader has to craft his strategy based on this rule.
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