Dislikeddo you use risk ratio at all or are you trying to get 10 pips by increasing or decreasing you number of lots per trade??? you seem to be clearly technical but you are technically going against some very strong trends. try buying anything against yen when you get your signals. buy gpbyen euryen nzdyen you can even leave the trade and live off that free interestIgnored
That being said, as you pointed out I'm purely technical and going against the trend. I have such an issue with trends though. The second I jump on the "trend" it reverses going against me... leading me to believe it wasn't the trend. Someone's "UP" trend is someone elses "DOWN" trend on a another timeframe. I like Jacko's rule of "If the price is higher on the right side of the screen than it is on the left then the trend is UP."
BUT, what happens when the weekly is up, the daily is up but the 4 hr is down? Does that mean the trend is reversing? Is it just a correction? Will it continue to skyrocket because Japanese housewives have enough money to buy the Yen and topple the world banks?
Ugh... How about this... I'll go long on the Yen... and the Kiwi for that matter. Then I'll let everyone know when I buy long so that ALL OF YOU CAN GO SHORT... Lord knows the second I click "BUY" the carry trade unwinds because the moon didn't shine on the right mystic oracle.
Sorry everyone... just venting a little frustration at my apparent unwillingness to listen to reason.
I hear "Follow the trend" and I think "It can't be that simple or everyone would be doing it."
The real lesson I learned this week is that, toward the end of the week I was entering trades pretty much accepting they were losses from the start... the losses got bigger and I started triggering stop losses.
It scares me that I actually put my money on the table KNOWING I was going to lose it.