Are you a trend trader or a counter-trend trader? | Forex Factory

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Are you a trend trader or a counter-trend trader?

  • Poll

  • Are you a trend trader or a counter-trend trader?
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  • #1
  • First Post: Nov 14, 2007 8:24am Nov 14, 2007 8:24am
Reply in poll.
  • #2
  • Feb 7, 2008 9:56pm Feb 7, 2008 9:56pm
It's hard to answer to that poll, if u look the chart with big attention, u see that there are always currently 2 trends, not one

So, a trade that for some trader is a "countertrend trade", for another trader can be a "trend trade" (maybe if you look it from 2 different timeframes, for example), and when a trend end (many times without warning, it just stop and reverse letting a lot of people in trouble), u realize that "that trend" was only a retracement of that other bigger trend (that is a retracement of another bigger trend), so it's hard to answer to your question.

The trend is your friend! but.. which one?
  • #3
  • Feb 7, 2008 10:44pm Feb 7, 2008 10:44pm
The only way a counter-trend trader is successful is by identifying a larger/smaller time frame trend or the beginning of a new trend. Thus a counter-trend trader is by nature a trend trader, so the only existence of a true counter-trend trader is the losing trader who thinks they are right and the charts are wrong.

By that definition, I'm both. I look for good entries/exits based on what the charts and my analysis of investor sentiment tells me. I'll ride a strong longer time frame trend by buying a move against that trend on a shorter time frame (which is technically counter trend on those charts). I'll also trade against a trend when blowoff tops/bottoms and/or doji reversals occur that match my sentiment analysis, but only if it can be confirmed by the charts.

What I try to never do is chase a trend by buying high or selling low because more times than not it comes back to burn you. This means no trading using indicators, which are lagging by nature and can get you into two horrible situations: the middle-end of a trend or into a false breakout. It also means not selling when a market reaches new long-term lows and buying when a market reaches new long-term highs, which is a hard thing to avoid.
  • #4
  • Feb 8, 2008 2:04am Feb 8, 2008 2:04am
Definitely a trend trader.
  • #5
  • Feb 19, 2008 8:16pm Feb 19, 2008 8:16pm
Always with the trend
skype: ststroud. let's talk trading.
  • #6
  • Mar 10, 2008 5:41pm Mar 10, 2008 5:41pm
Hi Guys, just wondering then which indicators do you find to be the best at forecasting trend direction?

Thank you
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #7
  • Mar 10, 2008 5:46pm Mar 10, 2008 5:46pm
Both.
Trade what you see, not what you think.
  • #8
  • Dec 11, 2009 6:01pm Dec 11, 2009 6:01pm
Quoting SomedayIwill
Reply in poll.
Sometimes against. But not often.
Pity the fool who thinks they'll make it overnight...
  • #9
  • Dec 11, 2009 6:18pm Dec 11, 2009 6:18pm
Whatever direction price crosses my line.
Annoying Precision
  • #10
  • Dec 11, 2009 9:54pm Dec 11, 2009 9:54pm
Most of the time, with the trend...

Sometimes, counter-trend.

but my trend, at my preferred TF, may be someone else counter-trend... and vice-versa

Definitely I'm not a label-trader



Cheers!
Many share my views with me. But I don't share them with them...
  • #11
  • Dec 12, 2009 2:58am Dec 12, 2009 2:58am
There are no such things as trends and ranges... it's an illusion. There are only random price movements with intermittent buying and selling interest from time to time.

No need to post any weekly AUD charts to prove me wrong, they would simply cement my above statement.

EDIT - Having said that, a better way to rephrase the original question would be... do you trade on market FEAR or GREED? Both work equally well.
  • #12
  • Dec 12, 2009 4:06am Dec 12, 2009 4:06am
Quoting mr.marketz
There are no such things as trends and ranges... it's an illusion. There are only random price movements with intermittent buying and selling interest from time to time.

No need to post any weekly AUD charts to prove me wrong, they would simply cement my above statement.

EDIT - Having said that, a better way to rephrase the original question would be... do you trade on market FEAR or GREED? Both work equally well.
right, there is only an aggregate of market participants at any one time agreeing to exchange at an according price. the charts shows this for the past, the order book for the present and it all looks random, but it isn't really random, it's just imperfect information about when and why people trade, whether they're speculators, hedgers, central banks or housewives. it's a question of who dominates the market and how long, bulls or bears, fear or greed.
Invincibility lies in the defence, the possibility of victory in the attack
  • #13
  • Nov 10, 2018 2:58pm Nov 10, 2018 2:58pm
I m simply a MONEY trader....
And when my boyfriend disturbs me @ coding...a really HOT trader
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Vucking good EA coder... https://t.ly/AZjRM
  • #14
  • Nov 12, 2018 6:48am Nov 12, 2018 6:48am
Quoting mr.marketz
There are no such things as trends and ranges... it's an illusion. There are only random price movements with intermittent buying and selling interest from time to time. No need to post any weekly AUD charts to prove me wrong, they would simply cement my above statement. EDIT - Having said that, a better way to rephrase the original question would be... do you trade on market FEAR or GREED? Both work equally well.
Could you clarify your idea. According to your post there is no need to analyse the market movement. But how do you trade if so? What is your base or reason to open a transaction?
  • #15
  • Nov 12, 2018 7:44am Nov 12, 2018 7:44am
You need to thing more along the lines of market types. Is the the price in a Range, a trend or uncertain. Then we just have to pick a strategy that works for that market type. If you must pick a trending strategy, you must remember it probably is only in a trend cycle for less than 20% of the time on any given time frame.
Trading thin liquidity at the boundary of the charts
  • #16
  • Nov 13, 2018 2:31am Nov 13, 2018 2:31am
I dont even imagine how it to trade and see only one trend. I thought there is no such strategy based on the one trend analysis. When you use trend theory you will see that each trend contains a smaller ones those include another smaller ones. ...
  • #17
  • Jun 19, 2020 1:59am Jun 19, 2020 1:59am
Trend in what time frame do you mean? and on what market..

Right now in indices you can get more than 1000 pips from buy & sell using 1 hour time frame in 1 day...
In Dow Jones.. the worst is 2200 pis more from selling on 2 days

If you are using daily time frame.. you can get more than 11.000 pips from open selling position in dow jones within more than 20 days
but you have to hold swing for 1.000 pips more..

You can get the same pips by doing trade on forex monthly...
  • #18
  • Jun 19, 2020 1:32pm Jun 19, 2020 1:32pm
mostly range and a little bit of trend
  • #19
  • Jun 20, 2020 3:55am Jun 20, 2020 3:55am
Quoting mr.marketz
There are no such things as trends and ranges... it's an illusion. There are only random price movements with intermittent buying and selling interest from time to time. No need to post any weekly AUD charts to prove me wrong, they would simply cement my above statement. EDIT - Having said that, a better way to rephrase the original question would be... do you trade on market FEAR or GREED? Both work equally well.
I am a trend trader.
I found it very difficult to accept the realization that for us, the number of market movements is just a series of random movements.
I have adapted to this market situation and am not forcing the use of rigid systems because otherwise it will not work.
using my current strategy, I can only make a profit within a given series.
to do this, it is essential to maintain a good hit rate.
  • #20
  • Edited Jun 21, 2020 10:36am Jun 20, 2020 2:38pm | Edited Jun 21, 2020 10:36am
At this point of my trading career (or whatever it is) I define myself as a "momentum investor".
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