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Trading against the herd

  • #161
  • Jul 18, 2019 3:37pm Jul 18, 2019 3:37pm
Drops to 61% as prices rise..
Honesty, Integrity and Transparency
  • #162
  • Jul 22, 2019 5:49am Jul 22, 2019 5:49am
GBPUSD long positions now down to 58%
Come with me if you want to live....
  • #163
  • Jul 22, 2019 5:54am Jul 22, 2019 5:54am
Quoting Ill-b-back
GBPUSD long positions now down to 58%
enough fire power remains for one final major dump (150-200 points).
  • #164
  • Jul 23, 2019 8:39pm Jul 23, 2019 8:39pm
Quoting asgcorp
{quote} enough fire power remains for one final major dump (150-200 points).
Bulls back up to 63% with clear bearish PA....
Come with me if you want to live....
  • #165
  • Edited 11:37pm Jul 23, 2019 11:19pm | Edited 11:37pm
Mega dumb.. I was reading the GBP/USD thread.. It's unbelievable... Buy, buy, buy, buy for days, weeks..

This method is so simple but no one gets it. Says its fake, doesnt work. it's a scam. I'm a scammer..

Lets look at the facts the way i'll-b-back studies it and not my usual myfxbook.

The facts don't lie. Its not photoshopped. All you have to do is check the facebook factory front page. It's there in black and white.

Ok, on the GBP/JPY long/short ratio chart it should say More buyers then sellers and not no sellers.. Disclaimer there as my phycho troll will pick that up and call me a liar :-)
Attached Images
The most violent element in society is IGNORANCE
  • #166
  • Edited 12:46am Jul 24, 2019 12:09am | Edited 12:46am
Quoting neilsdigest
Mega dumb.. I was reading the GBP/USD thread.. It's unbelievable... Buy, buy, buy, buy for days, weeks.. This method is so simple but no one gets it. Says its fake, doesnt work. it's a scam. I'm a scammer.. Lets look at the facts the way i'll-b-back studies it and not my usual myfxbook. The facts don't lie. Its not photoshopped. All you have to do is check the facebook factory front page. It's there in black and white. Ok, on the GBP/JPY long/short ratio chart it should say More buyers then sellers and not no sellers.. Disclaimer there as my phycho...
The wonders of hindsight (:

The picture is a bit different on the hard right edge. I don't think many traders actually get a good view of that empty space.
(I marked the spot so everyone finally knows where it is)

Attached Image
  • #167
  • Jul 24, 2019 2:49am Jul 24, 2019 2:49am
GREAT Stuff THKS
  • #168
  • Jul 24, 2019 7:13am Jul 24, 2019 7:13am
Good luck against the herd for all you... because you will need it.
  • #169
  • Jul 24, 2019 1:45pm Jul 24, 2019 1:45pm
Quoting Marcieny
Good luck against the herd for all you... because you will need it.
Nope, history and data shows it is the herd who usually needs the luck.
No hoping, no bias, Just data....

Someone once said, professionals have more data...
Come with me if you want to live....
  • #170
  • Jul 24, 2019 2:18pm Jul 24, 2019 2:18pm
Quoting Ill-b-back
{quote} Nope, history and data shows it is the herd who usually needs the luck. No hoping, no bias, Just data.... Someone once said, professionals have more data...
ok...
Selling is easy right ... buying can be difficult when you are used to just selling.
  • #171
  • Jul 24, 2019 2:22pm Jul 24, 2019 2:22pm
Quoting Marcieny
{quote} ok... Selling is easy right ... buying can be difficult when you are used to just selling.
Hey!!! When you trade Forex your always buying.. GBP/JPY sell order = Your buying the JPY
Honesty, Integrity and Transparency
  • #172
  • Jul 24, 2019 2:30pm Jul 24, 2019 2:30pm
Quoting ForexCraft
{quote} Hey!!! When you trade Forex your always buying.. GBP/JPY sell order = Your buying the JPY
I am not trading GBP / JPY yet
  • #173
  • Jul 24, 2019 3:06pm Jul 24, 2019 3:06pm
Quoting Marcieny
{quote} ok... Selling is easy right ... buying can be difficult when you are used to just selling.
Selling can be difficult when you are just used to buying.

Last time I looked, GBPUSD is still in a down trend....
Come with me if you want to live....
  • #174
  • Jul 24, 2019 3:37pm Jul 24, 2019 3:37pm
Quoting Ill-b-back
{quote} Selling can be difficult when you are just used to buying. Last time I looked, GBPUSD is still in a down trend....
Selling to me is easier than buying
  • #175
  • Jul 24, 2019 3:48pm Jul 24, 2019 3:48pm
Quoting Marcieny
{quote} Selling to me is easier than buying
Indeed it is, because it is with the trend

It also explains why the FF statistics say buyers have had 814 losing trades
while sellers have only had 180 losing trades.
https://www.forexfactory.com/trades....ions-details=1

The stats show the herd like to trade against the trend.
The stats also show they consistently lose more trades than those trading with the trend

Consistently...
Come with me if you want to live....
  • #176
  • Jul 24, 2019 3:50pm Jul 24, 2019 3:50pm
Quoting Ill-b-back
{quote} Indeed it is, because it is with the trend It also explains why the FF statistics say buyers have had 814 losing trades while sellers have only had 180 losing trades.
lol.....
  • #177
  • Jul 24, 2019 3:53pm Jul 24, 2019 3:53pm
Quoting Marcieny
{quote} lol.....
I'm glad you find it funny.

So do I, I often laugh at the herd myself....
Come with me if you want to live....
  • #178
  • Jul 24, 2019 3:54pm Jul 24, 2019 3:54pm
Quoting Ill-b-back
{quote} I'm glad you find it funny. So do I, I often laugh at the herd myself....
I'm glad I only bought it on the days it was to buy.
  • #179
  • Jul 24, 2019 4:07pm Jul 24, 2019 4:07pm
Quoting Marcieny
{quote} I'm glad I only bought it on the days it was to buy.
No losing trades?
None?
I congratulate you.....
Come with me if you want to live....
  • #180
  • Edited 4:30pm Jul 24, 2019 4:10pm | Edited 4:30pm
Quoting Marcieny
{quote} I'm glad I only bought it on the days it was to buy.
It was a bit obvious it would go up today as soon as London opened with the new Prime Minister.. (Data again, it always does)

Then wait until you read about the no deal brexit news and it will start to tumble again.

He has only got to october to make a deal with the dreaded E.U or we leave with a no deal and the herd will be left with egg on there faces. The more it gets to October and a deal is still off the cards the pound will freefall.

The GBP is still in a big downtrend. The USD is still in a big uptrend.. GBPUSD is still good for selling even though it will counter trend as it has to. It has to go up to go down but will go down more then it goes up.

The GBP/USD has nearly lost half its move it made today (Opening of London session).. = No uptrend yet but just countertrends.

PS What am I doing here. I promised to leave.. I have given up trading again so I can go travelling.

Now if anyone trades the GBP/USD in the Asian session they want shooting - Oh can I say that? Sorry Twee :-)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPINDEX.png Size: 20 KB
Click to Enlarge Name: USDIndex.png Size: 15 KB
The most violent element in society is IGNORANCE
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