Reverse The Trend My Friend | Forex Factory

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Reverse The Trend My Friend

  • #1
  • First Post: Dec 31, 2006 8:40pm Dec 31, 2006 8:40pm
When you are buying, I am selling... when you are selling. I am buying... lets see how well I do this coming year!
  • #2
  • Jan 1, 2007 10:04am Jan 1, 2007 10:04am
Quoting mdcarlson144
When you are buying, I am selling... when you are selling. I am buying... lets see how well I do this coming year!
hello and welcome.

Who is "you", refered to by your above statement.

Every one here don't trade the same direction at the same time.
And I am often trading the opposite direction as most anyways.

So who's direction are you gonna base your opposite direction trades off of?
  • #3
  • Jan 1, 2007 11:32am Jan 1, 2007 11:32am
its their first post must be a heckler...
  • #4
  • Edited 1:00pm Jan 1, 2007 11:40am | Edited 1:00pm
Forgive my pithy introduction... I was just introducing myself as a counter-trend trader and establishing an online journal to hopefully help me become a better trader.
  • #5
  • Jan 1, 2007 11:51am Jan 1, 2007 11:51am
Quoting mdcarlson144
Forgive my pithy introduction... I was just introducing myself as a counter-trend trader and establishing and online journal to hopefully help me become a better trader.
Welcome and good luck!
Stubbornly persistent
  • #6
  • Jan 2, 2007 6:52am Jan 2, 2007 6:52am
Quoting mdcarlson144
When you are buying, I am selling... when you are selling. I am buying... lets see how well I do this coming year!
Well, I am buying the USD/CAD shortly within the next couple of days, hope that you won't be the one who will be selling to me or shorting against me...


Thanks,

Nader
  • #7
  • Jan 2, 2007 6:43pm Jan 2, 2007 6:43pm
Quoting narafa
Well, I am buying the USD/CAD shortly within the next couple of days, hope that you won't be the one who will be selling to me or shorting against me...


Thanks,

Nader
When you are going long the looney Nader, I will most likely be shorting the cable!
  • #8
  • Jan 3, 2007 7:39am Jan 3, 2007 7:39am
Quoting mdcarlson144
When you are going long the looney Nader, I will most likely be shorting the cable!
LOL....Nice man....So this is not reversing the trend, both of us will be long the USD after all but in two different pairs...


Thanks,

Nader
  • #9
  • Edited 7:31pm Jan 3, 2007 7:27pm | Edited 7:31pm
Went long the cable with 7 lots @ 9516 AFS; SL @ 9472
  • #10
  • Jan 4, 2007 6:42am Jan 4, 2007 6:42am
Quoting mdcarlson144
Went long the cable with 7 lots @ 9516 AFS; SL @ 9472
Yea, got that first loss for the year out of the way. Stopped out with a 308 pip loss.

Pips gained YTD <308>
  • #11
  • Jan 4, 2007 3:53pm Jan 4, 2007 3:53pm
Going long the cable again with 8 lots @ 9432 with a sl @ 9370.
  • #12
  • Jan 4, 2007 4:22pm Jan 4, 2007 4:22pm
Quoting mdcarlson144
Going long the cable again with 8 lots @ 9432 with a sl @ 9370.
why are you going long? I thought our goal is to reverse the trend by shorting cable and euor/us. I would wait to see an up trend before I go long tho...
  • #13
  • Jan 4, 2007 6:31pm Jan 4, 2007 6:31pm
Quoting nitman
why are you going long? I thought our goal is to reverse the trend by shorting cable and euor/us. I would wait to see an up trend before I go long tho...
My time frame is 4-hours and the only indicator I use is a custom dual-turbo CCI based indicator. With 6 bars down and my 21-day indicator under -100, that's a solid downtrend for this timeframe!
  • #14
  • Jan 5, 2007 8:20am Jan 5, 2007 8:20am
Cable @ 1.9300, hope that you are not going long once again....It was supposed to be a reverse the trend as you said earlier in the thread, or I got you wrong


Thanks,

Nader
  • #15
  • Jan 5, 2007 11:29am Jan 5, 2007 11:29am
Since the only time frame I use is a 4-hour chart, I was counter-trend trading with my last trade. As you can see, Nadar, I got two false entry signals long and am now down two trades in a row. This is unusual for me, even though I have lost up to 9 trades in a row before. Stopped out on my last trade for a loss of 496 pips.

Pips gained YTD <804>
  • #16
  • Jan 7, 2007 10:50pm Jan 7, 2007 10:50pm
Went short the yen @ 118.45 with 10 contracts and a s/l @ 117.95.
  • #17
  • Jan 8, 2007 8:32am Jan 8, 2007 8:32am
Quoting mdcarlson144
Went short the yen @ 118.45 with 10 contracts and a s/l @ 117.95.
Covered my short @ 118.72 for a net gain of 270 pips.

Pips earned YTD <534>
  • #18
  • Jan 8, 2007 8:44am Jan 8, 2007 8:44am
Quoting mdcarlson144
Went short the yen @ 118.45 with 10 contracts and a s/l @ 117.95.
You mean LONG, not SHORT..??


Thanks,

Nader
  • #19
  • Edited 5:05pm Jan 9, 2007 9:10am | Edited 5:05pm
Quoting narafa
You mean LONG, not SHORT..??


Thanks,

Nader
Went long USD/JPY which is technically shorting the yen... I do not trade cross currencies... only the majors.
  • #20
  • Jan 9, 2007 5:07pm Jan 9, 2007 5:07pm
Went long the cable with 9 lots @ 9391 and a s/l @ 9280.
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