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Trend and Range 1 reply

Trend VS Range

  • #1
  • First Post: Nov 28, 2007 7:03pm Nov 28, 2007 7:03pm
Hello everyone, I'm a trend trader I'm seeing some trouble in the ranging market, normally in a year of trading only 1 currency (GY) I got about 9 to 10 months with positive results and 2 to 3 months with negative results I've burned some neurons so I could find a solution to turn those months to positive, so far the only solution that came to my mind, was to diversify in other currencies, its working very good that solution, but I still think I could diminish my losses in the ranging market, I'm sure that there are a lot of trend traders here in Forex Factory, please share how you deal with the ranging market.

Best regards MASMP_FX
Logic will get you from A to B. Imagination will take you everywhere.
  • #2
  • Nov 29, 2007 10:34am Nov 29, 2007 10:34am
......
Logic will get you from A to B. Imagination will take you everywhere.
  • #3
  • Nov 29, 2007 10:48am Nov 29, 2007 10:48am
Well, quite frankly, if you're a trend trader and there is no trend for you to trade, then don't trade. You've said yourself that the conditions don't exist for your trading style, so don't push it. If you try to push your trade on the market, it's gonna push right back, and that's getting pushed back by something very much larger and meaner than you. It may not sound as glamorous as making fatty returns, but just sit it out until it's time to trade again.

Everyone repeat after me: "I don't always have to have a trade in motion. I don't always have to have a trade in motion. I don't always have to have a trade in motion." Patience is a virtue, and it, quite literally, pays in this field.

Barring all of that, go try and research some range trading methods and spend some time building yourself a good ranging system to take over for the trending method when it calls for it. It will also keep you occupied so you're not tempted to blindly trade when you know you shouldn't.

I just went to the trading systems forum and punched in "ranging" into the search box and it looks like a good start to go from: http://www.forexfactory.com/search.php?searchid=2468978
Never underestimate the powers of the Force.
  • #4
  • Nov 29, 2007 11:21am Nov 29, 2007 11:21am
Quoting The Jedi
Well, quite frankly, if you're a trend trader and there is no trend for you to trade, then don't trade. You've said yourself that the conditions don't exist for your trading style, so don't push it. If you try to push your trade on the market, it's gonna push right back, and that's getting pushed back by something very much larger and meaner than you. It may not sound as glamorous as making fatty returns, but just sit it out until it's time to trade again.

Everyone repeat after me: "I don't always have to have a trade in motion. I don't always have to have a trade in motion. I don't always have to have a trade in motion." Patience is a virtue, and it, quite literally, pays in this field.

Barring all of that, go try and research some range trading methods and spend some time building yourself a good ranging system to take over for the trending method when it calls for it. It will also keep you occupied so you're not tempted to blindly trade when you know you shouldn't.

I just went to the trading systems forum and punched in "ranging" into the search box and it looks like a good start to go from: http://www.forexfactory.com/search.php?searchid=2468978
Thanks for your reply Jedi,

I know that I should stay out of the market when its ranging, but my system which gives me more than 1000 pips some months, keeps giving me false signals when its ranging eating my profits.
Logic will get you from A to B. Imagination will take you everywhere.
  • #5
  • Nov 29, 2007 11:32am Nov 29, 2007 11:32am
if you have trading plan, then follow it. If your entry conditions is met then enter, if not, stay out. Simple. Don't get discouraged by losses. It happens to all traders. You may save some losses if you stay out of range market..but you could miss out on the big ones when a trend just starts..then you would really be sorry
  • #6
  • Last Post: Nov 29, 2007 12:00pm Nov 29, 2007 12:00pm
Quoting hilmy83
if you have trading plan, then follow it. If your entry conditions is met then enter, if not, stay out. Simple. Don't get discouraged by losses. It happens to all traders. You may save some losses if you stay out of range market..but you could miss out on the big ones when a trend just starts..then you would really be sorry
Thanks for your reply hilmy,
Yes I have a trading plan, only trading GY in a year of my backtesting, i make about 6000 pips profit, I'm also applying the system to other 3 currencies, but I don't have the results yet but they are positive, but I have to face a month or 2 with losses, that's all backtesting, my problem is facing 2 months of loss (about 300 pips each month) in Live account When I will start applying the system with real money. Does every system have months where it has losses? or its only my system?

Thanks again for your kind reply
Logic will get you from A to B. Imagination will take you everywhere.
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