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Novice Question

  • #61
  • Jun 20, 2009 10:45am Jun 20, 2009 10:45am
wow! this is the FIRST time i have heard of this! doing the opposite, and you'll win?!?! genius
  • #62
  • Jun 20, 2009 10:46am Jun 20, 2009 10:46am
Please somebody tell this guy to not destroy his account with this stupid strategy !
  • #63
  • Jun 20, 2009 11:00am Jun 20, 2009 11:00am
It can't really work, for example you can margin call for auto-SL but can you margin call for auto-TP?
  • #64
  • Jun 20, 2009 11:07am Jun 20, 2009 11:07am
I have been using a good mechanical system that win 85% since the past 3 years. I only loss when I trade against it!

If u try this ur method on my PROVEN system, all you will achieve is to crash your account
God is good
  • #65
  • Jun 20, 2009 11:08am Jun 20, 2009 11:08am
Quoting MEKUS
I have been using a good mechanical system that win 85% since the past 3 years. I only loss when I trade against it!

If u try this ur method on my PROVEN system, all you will achieve is to crash your account
he did say to do the opposite of something that's not working. In your case..it's irrelevant
  • #66
  • Jun 20, 2009 11:09am Jun 20, 2009 11:09am
Quoting Levent
I know a guy who lost lots of money in the stock market and I told him the same thing. Think about your trade and do the opposite of what's logical to you. Seems like you (him) are wrong 90% of the time you'll be an instant winner. He did not listen to me and now he has no money to trade. He now plays online poker for fun
If he will do exactly opposite he will still loose. Its looser's fallacy
The only way to get smarter is by playing a smarter opponent.
  • #67
  • Jun 20, 2009 11:12am Jun 20, 2009 11:12am
Quoting MEKUS
I have been using a good mechanical system that win 85% since the past 3 years. I only loss when I trade against it!

If u try this ur method on my PROVEN system, all you will achieve is to crash your account
You're trading USD/ZAR with that system aren't you? Or some other exotic pair?
  • #68
  • Jun 20, 2009 11:14am Jun 20, 2009 11:14am
Quoting FrinkFX
I'm very excited about this...

It works on the principle of : DO THE OPPOSITE OF WHAT WOULD HAVE WORKED IN THE PAST

Let me elaborate... I've been interested in Forex trading for a few years now, but have only made the leap to opening my first live account in the last 2 weeks. I've actually only discovered the principle in the last week (losing a lot of money).

God bless and think outside the box
I guess this one beats Merlin's "amazing strategy"
The only way to get smarter is by playing a smarter opponent.
  • #69
  • Jun 20, 2009 11:29am Jun 20, 2009 11:29am
Quoting MEKUS
I have been using a good mechanical system that win 85% since the past 3 years. I only loss when I trade against it!

If u try this ur method on my PROVEN system, all you will achieve is to crash your account
Mekus,

Care to explain 85% winnings, that is awesome, please do share.
hlass
  • #70
  • Jun 20, 2009 11:51am Jun 20, 2009 11:51am
This system will have much chance of winning as 99% of the systems on here.
Economists have forecast 9 out of the last 5 recessions
  • #71
  • Jun 20, 2009 12:29pm Jun 20, 2009 12:29pm
I believe that George Costanza tried this with his life on "Seinfeld".
He just did the opposite of every instinct he had...He got a hot girlfriend and a job with the Yankees.

Your idea just might be crazy enough to work
  • #72
  • Edited 12:33pm Jun 20, 2009 12:32pm | Edited 12:33pm
I respect your thoughts, but sure market won't treat you very nicely. Grail is not in a system or method but it is a way of thinking ........... think like a winner with proper money managment and success is guaranteed.
The Thief of Wall Street
  • #73
  • Jun 20, 2009 12:46pm Jun 20, 2009 12:46pm
Quoting Chicky
I respect your thoughts, but sure market won't treat you very nicely. Grail is not in a system or method but it is a way of thinking ........... think like a winner with proper money managment and success is guaranteed.
Sorry but the only thing that is a guarantee in life is death, followed closely by taxes...
  • #74
  • Edited 2:06pm Jun 20, 2009 12:49pm | Edited 2:06pm
Quoting traderjai_inhi
Sorry but the only thing that is a guarantee in life is death, followed closely by taxes...
Death is proof of life and tax is that of income. As I said think like a winner or focus on the positive side.
The Thief of Wall Street
  • #75
  • Jun 20, 2009 2:17pm Jun 20, 2009 2:17pm
Quoting NewFX
I guess this one beats Merlin's "amazing strategy"
HERESY!! Infraction Overload!! Ban him, ban him!!
  • #76
  • Jun 20, 2009 2:28pm Jun 20, 2009 2:28pm
Quoting opie999
HERESY!! Infraction Overload!! Ban him, ban him!!
Please don't ban liquidity providers. Let him first transfer his account balance to some fellow traders.
The Thief of Wall Street
  • #77
  • Jun 20, 2009 3:17pm Jun 20, 2009 3:17pm
Quoting opie999
HERESY!! Infraction Overload!! Ban him, ban him!!
Heretic!!!!

http://www.sharenow.com/uploads/thum...EA_575x430.jpg

Many share my views with me. But I don't share them with them...
  • #78
  • Jun 20, 2009 9:09pm Jun 20, 2009 9:09pm
Quoting NewFX
I guess this one beats Merlin's "amazing strategy"
Nuuhh uh... you didn't say that...

Attached Image
FUBAR...
  • #79
  • Jun 20, 2009 10:11pm Jun 20, 2009 10:11pm
Quoting Chicky
Please don't ban liquidity providers. Let him first transfer his account balance to some fellow traders.
Well I was just kidding and you got serious
Every trader is a liquidity provider....are you not?? doing opposite of a loosing strategy will lead nowhere....why do people think they are doing something new and out of the box in centuries old market.
The only way to get smarter is by playing a smarter opponent.
  • #80
  • Jun 21, 2009 12:30am Jun 21, 2009 12:30am
Anyway any new idea should be creticised this way but actually is it possible to follow " DO THE OPPOSITE OF WHAT WOULD HAVE WORKED IN THE PAST"? Not that do opposit what have not worked .If so should work .We can work out with all loosing trades and they must lost due one or more reasons at that time & try correct those reasons of taking trades next time or better try avoid taking any such kinds in future .

The reasons can be as such :
1. taking trade news time so better avoid all news trading or taking any .
2.Over trading at random , buy -sell as scalping then better not to over trade ,keep them very limited open ( 2-3) at any given time and follow the trend to take only oneway ,no opposite at any time .
3.Inappropriate sl , if the trade is ok with the direction of the trend of tf ( the beigger the better ) working then place it as high as possible carrying out this trade with money management & if not possible , do not take .If all ok place very big & BE whenever time come , 200 pips sl can't be positive for only 10pips ?
4.Inappropriate tp, place tp much less than appropriate to conconfirm green ,never greed .
5.Overconfidence . never to indulge anytime in forex.So less the confidence the better, every trade should be viewed as suspicious & so less tades be taken & if one done utmost care /fear will work nad end in early close whenever positive .
6. Bigger lot and so never use any bigger lot , use only the lowest possible .
7.In appropriate timing , this is also very important , never to take any trade whatever reason when very busy,anxious for other real reasons , sleepy or anything bothering .Take your time you feel comfort & full attention.
8.Over-analysis ,do less the better but only simple ways applied to know the current trend of any given tf, the more you analyse the more you frustrate as actually it is very complex things to do & actually nobody know what will happen in the near future .
9.Overwork and so the opposit ,less or limited work /sit before computer.It should benefit the back,neck stiffness , eye strain & brain disfunctioning .
Do trade & go away to see after an hr or so whatever happened.
10.Over-anxiety and do opposit,no any anxiety . Do & almost forget .

Just from my experience & faults and still to correct them & may be this thread inspiring me to do from now .

I will invite the thread starter to explain more about his strategy.

thanks ,
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
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