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the weird market

  • #1
  • First Post: Jan 12, 2012 7:01am Jan 12, 2012 7:01am
Hello guys,have you feel that market is weird and always move against you,
okay,this is the odds, we have a trading plan to go long tommorow, and hope to gain some pips, and very excited to go long tommorow.
and the day is come, we trade our plan,and the market is very convince as seen by the higher low he make, that makes us more confidence,( and set a buy limit at the 50%fibs for example)
But after our limit been hit, the price continue to fall, and immediately hit our stoploss, and down in a big move.
And this happen in short plan too.

Maybe this post sounds like a confession from a dumb ass trader.
i have experienced this very often, and i have think what the heck is this market do, sometimes very stressful, I know i cant move the market, and the market will never move in my favor.

Have you feel too?
please share your opinion.

Best regards.
Jin Shan
- 888 Horse Power - Fast Momentum Speed Run Towards VICTORY
  • #2
  • Jan 12, 2012 7:09am Jan 12, 2012 7:09am
Yes, when I start out trading, I feel exactly same way

It'll be gone when you gain more and more experience.
  • #3
  • Jan 12, 2012 7:09am Jan 12, 2012 7:09am
The forex market is a zero sum game so you have competitors. That is why this is happening to you. If you feel that the market is always against you it is because you are trading with the rest of the ducks. Ducks get hunted! The proficient traders and professional institutions know when you are entering and they know where your stops are and they will hunt you down time and time again untill you really learn how to read price action. It just takes time to learn, a lot of time.

Good luck
  • #4
  • Jan 12, 2012 7:11am Jan 12, 2012 7:11am
Quoting duyk20
It'll be gone when you gain more and more experience.
Thanks Duky
- 888 Horse Power - Fast Momentum Speed Run Towards VICTORY
  • #5
  • Jan 12, 2012 7:14am Jan 12, 2012 7:14am
Quoting Agro
The forex market is a zero sum game so you have competitors. That is why this is happening to you. If you feel that the market is always against you it is because you are trading with the rest of the ducks. Ducks get hunted! The proficient traders and professional institutions know when you are entering and they know where your stops are and they will hunt you down time and time again untill you really learn how to read price action. It just takes time to learn, a lot of time.

Good luck
Yes, Thanks Agro
- 888 Horse Power - Fast Momentum Speed Run Towards VICTORY
  • #6
  • Jan 12, 2012 12:47pm Jan 12, 2012 12:47pm
it's not a weird market, it's just like that , a MARKET

the problem with us is that we either use no stoploss or put it so tight that it hits even in the most stable range markets!

follow the good money management rules- - countless billions of dollars have been lost to make those rules.

pick up any of the good strategies - Buying an EA is not a strategy

an EA is not going to make you money, your brain is going to make money, a brain that does NOT love money which stays the same when you make money or lose money.

i remember an old saying money is not evil, love for money is evil

if you can understand it, then this post was for you, if you dont' understand it, please ignore the post coz it was not for you in the first place!

Regards
  • #7
  • Jan 12, 2012 1:36pm Jan 12, 2012 1:36pm
Quoting competent123
an EA is not going to make you money
wrong
  • #8
  • Jan 12, 2012 1:39pm Jan 12, 2012 1:39pm
Quoting Du Jin Shan
Hello guys,have you feel that market is weird and always move against you,
okay,this is the odds, we have a trading plan to go long tommorow, and hope to gain some pips, and very excited to go long tommorow.
and the day is come, we trade our plan,and the market is very convince as seen by the higher low he make, that makes us more confidence,( and set a buy limit at the 50%fibs for example)
But after our limit been hit, the price continue to fall, and immediately hit our stoploss, and down in a big move.
And this happen in short plan too.

Maybe...
seems like price action is the answer to everything here in this forum, as is psychology

insanity: doing the same thing over and over again and expecting a different result.

Did you even test if your strategy is a winning strategy? Probably not, and that is why you will fail until you either give up or start to do the hard work that comes BEFORE putting on a trade.
  • #9
  • Jan 13, 2012 3:21am Jan 13, 2012 3:21am
training make perfect... someone told me " we follow the market, not the other way around " ....
  • #10
  • Jan 13, 2012 4:07am Jan 13, 2012 4:07am
Quoting competent123
it's not a weird market, it's just like that , a MARKET

the problem with us is that we either use no stoploss or put it so tight that it hits even in the most stable range markets!

follow the good money management rules- - countless billions of dollars have been lost to make those rules.

pick up any of the good strategies - Buying an EA is not a strategy

an EA is not going to make you money, your brain is going to make money, a brain that does NOT love money which stays the same when you make money or lose money.

i remember an old...
yes, thanks for your explanation Competent very positive

Quoting competent123
money is not evil, love for money is evil
I love this quote.

Best Regards.
Jin Shan
- 888 Horse Power - Fast Momentum Speed Run Towards VICTORY
  • #11
  • Jan 13, 2012 4:11am Jan 13, 2012 4:11am
Quoting competent123
an EA is not going to make you money
Quoting Custos
wrong
Custos, you do believe that EA can make money ??
- 888 Horse Power - Fast Momentum Speed Run Towards VICTORY
  • #12
  • Jan 13, 2012 4:28am Jan 13, 2012 4:28am
Quoting Custos
seems like price action is the answer to everything here in this forum, as is psychology
Yes Custos , thanks

Quoting Custos
insanity: doing the same thing over and over again and expecting a different result.
yes, it's true, my mentor has say about this too.

Quoting Custos
Did you even test if your strategy is a winning strategy? Probably not, and that is why you will fail until you either give up or start to do the hard work that comes BEFORE putting on a trade.
I'm almost give up and wanna go to a real bussiness.
But not yet, I do think that a real bussiness need the same hard work too.
it's all the same, if ones want to be success, he must work hard and never give up.
I have already fall in love with this risky bussiness.

Best regards,
Jin Shan
- 888 Horse Power - Fast Momentum Speed Run Towards VICTORY
  • #13
  • Jan 13, 2012 4:33am Jan 13, 2012 4:33am
Quoting ariss_t
training make perfect... someone told me " we follow the market, not the other way around " ....
Yes Ariss, very nice
- 888 Horse Power - Fast Momentum Speed Run Towards VICTORY
  • #14
  • Jan 13, 2012 5:34am Jan 13, 2012 5:34am
hi! i'm very newbie in trading, so now i'm just learning and reading. also i'm trying to trade with demo account. i downloaded protrader 2 trading platform, and it seems to be ok... i wonder, when i'm on the real market, the situation will be very different? or is it really to get fthe main skills using only demo?

sorry, if this question seems to be silly
  • #15
  • Jan 13, 2012 6:42am Jan 13, 2012 6:42am
Quoting Du Jin Shan
Hello guys,have you feel that market is weird and always move against you,
okay,this is the odds, we have a trading plan to go long tommorow, and hope to gain some pips, and very excited to go long tommorow.
and the day is come, we trade our plan,and the market is very convince as seen by the higher low he make, that makes us more confidence,( and set a buy limit at the 50%fibs for example)
But after our limit been hit, the price continue to fall, and immediately hit our stoploss, and down in a big move.
And this happen in short plan too....
Still happens to me too much.

Lots of reasons cover the market's move, each in varying degrees of hold time and in-trade drawdown.
Yours just happened to be off that day.
  • #16
  • Jan 14, 2012 9:49am Jan 14, 2012 9:49am
Well, I think that this is a hype or a miss-understanding, I mean that the market always moves against you....The market really does not know what will you do in the next second just exactly as you don't know what will the market do in the next second, so at least, this makes both of you to some extent equal...

In all cases, measuring success and failure using a sample of 10 or 20 trades is not helpful and gives false results and gives you an indication that the market always moves against you....

I have had instances before where the market moved against me immediately and hit my stop loss and I have had other instances when my order got filled very very near to the market top or bottom and the market went in my favor immediately and I had instances in between....

The bottom line is, if you believe in statistics, to measure your strategy using a considerable amount of trades...

There is really a LOT of hard work which needs to be done before you put in a trade as mentioned here and 90% of traders out there simply don't do this and hence the famous winners vs losers ratio...

Please don't be down, but reality is, you have a lot of work to do in order to start being successful in your trading and for your account to start growing consistently...


Regards,

Nader
  • #17
  • Jan 14, 2012 10:41am Jan 14, 2012 10:41am
Quoting Du Jin Shan
Custos, you do believe that EA can make money ??
No, I don't believe that an EA can make money. I KNOW that an EA can make money and in my opinion better than most human traders. But only the ones that have a positive expectancy and are properly researched.
  • #18
  • Jan 14, 2012 10:49am Jan 14, 2012 10:49am
Quoting Custos
No, I don't believe that an EA can make money. I KNOW that an EA can make money and in my opinion better than most human traders. But only the ones that have a positive expectancy and are properly researched.
I tend to agree and disagree...

I agree because I believe that the human mind is the most powerful tool and since it's the human mind that creates an EA, then if it created a proper one with an edge, then of course, the EA WILL make money...

And I tend to disagree because I also believe that some human traders CAN make money trading as well and in cases, much better than an EA would do...


Regards,

Nader
  • #19
  • Jan 14, 2012 10:51am Jan 14, 2012 10:51am
Quoting narafa
I tend to agree and disagree...

I agree because I believe that the human mind is the most powerful tool and since it's the human mind that creates an EA, then if it created a proper one with an edge, then of course, the EA WILL make money...

And I tend to disagree because I also believe that some human traders CAN make money trading as well and in cases, much better than an EA would do...


Regards,

Nader
that is why I said most, not all.
  • #20
  • Edited 9:43pm Jan 14, 2012 9:33pm | Edited 9:43pm
Quoting narafa
Well, I think that this is a hype or a miss-understanding, I mean that the market always moves against you....The market really does not know what will you do in the next second just exactly as you don't know what will the market do in the next second, so at least, this makes both of you to some extent equal...

In all cases, measuring success and failure using a sample of 10 or 20 trades is not helpful and gives false results and gives you an indication that the market always moves against you....

I have had instances before where the market...
Thanks for your reply Nader its been very clear to me

Quoting narafa
Please don't be down, but reality is, you have a lot of work to do in order to start being successful in your trading and for your account to start growing consistently...


Regards,

Nader
Thanks for your support Nader
wish you all the best


Best regards
- 888 Horse Power - Fast Momentum Speed Run Towards VICTORY
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