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Counter-trend trading

  • #1
  • First Post: Edited Oct 20, 2014 4:35pm Oct 7, 2014 3:02am | Edited Oct 20, 2014 4:35pm
Hello FF.

I will begin my mission to prove that trend is your enemy, and post pictures of counter-trend trades.

I will never take a trade in direction of short term trend, only counter-trend.

Counter trend is when you would expect price to reach a level in the opposite direction of trend. Could be below the point where the original trend started, or far below.

Trend gives you everything to win when trading against, and everything to loose when trading with.

Think about this carefully. The secret is in that sentence.

Another thing to remember when trading the forex market is Confidence & Patience.

*I will not be sharing any system, indicators or templates. Only the philosophy*
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Not about how much you win, but how much you loose
  • #2
  • Oct 7, 2014 3:08am Oct 7, 2014 3:08am
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
Quoting Ullen
Hello FF. I will begin my mission to prove that trend is your enemy, and post pictures of counter-trend trades. I will never take a trade in direction of short term trend, only counter-trend.
Subscribed my friend!
An expert is a man who has made all the mistakes which can be made
  • #3
  • Oct 7, 2014 5:22am Oct 7, 2014 5:22am
Quoting Ullen
Hello FF. I will begin my mission to prove that trend is your enemy, and post pictures of counter-trend trades. I will never take a trade in direction of short term trend, only counter-trend.
Im interested
subscribed

cheers
hannele
  • #4
  • Edited 11:02am Oct 7, 2014 5:42am | Edited 11:02am
Trades today. 182 pips so far.
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Not about how much you win, but how much you loose
  • #5
  • Oct 7, 2014 7:14am Oct 7, 2014 7:14am
Subscribed.

Let's get to work.
  • #6
  • Oct 7, 2014 7:48am Oct 7, 2014 7:48am
Quoting Ullen
Hello FF. I will begin my mission to prove that trend is your enemy, and post pictures of counter-trend trades. I will never take a trade in direction of short term trend, only counter-trend. *I will not be sharing any system, indicators or templates. Only the philosophy*
im subscribed !!
  • #7
  • Oct 7, 2014 8:49am Oct 7, 2014 8:49am
you are against the short term trade yes?

but you are still with long term trend LOL

so you are still always with the trend, and trend is your FRIEND.
Don't speculate trade with surety.
  • #8
  • Oct 7, 2014 9:03am Oct 7, 2014 9:03am
Quoting KingHussain
you are against the short term trade yes? but you are still with long term trend LOL so you are still always with the trend, and trend is your FRIEND.
What?

I don't have to be with long term trend. Have i said that?
Not about how much you win, but how much you loose
  • #9
  • Oct 7, 2014 10:13am Oct 7, 2014 10:13am
This is what counter trend can give you. Trades only today.
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Not about how much you win, but how much you loose
  • #10
  • Oct 7, 2014 10:17am Oct 7, 2014 10:17am
I use to counter trend trade too using retracements tool. regret it though ^^ glad its working out for you though
  • #11
  • Oct 7, 2014 10:48am Oct 7, 2014 10:48am
Quoting Crimson
I use to counter trend trade too using retracements tool. regret it though ^^ glad its working out for you though
I am not trading retracements, but thanks for your input and it seems like you've got quite a good thing going on.

Keep on going
Not about how much you win, but how much you loose
  • #12
  • Edited 5:25pm Oct 7, 2014 5:14pm | Edited 5:25pm
Here i will post an example of a basic counter-trend trade on the 15M timeframe.

When you find out a way to spot weakening in trend, or another way to predict future price, you should be able to trade this method without any loss at all. I've added a SL of 10 pips because i don't have time to manage more than 5 trades at a time. With a win rate at 70-80% and targets bigger than SL you should see that i'm making money in the long run. This concept is very very profitable IF you trade it right! If you don't trade it right you will loose youre account. I will leave you guys with these two factors you should manage long before even concidering trading counter-trend. (maybe you've managed them already)

Confidence & Patience

Think about what this means in trading, and think about how you can use it for your own good. Patience is very important.

Thank you for subscribing!

Happy trading!
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Not about how much you win, but how much you loose
  • #13
  • Oct 7, 2014 5:30pm Oct 7, 2014 5:30pm
Quoting Ullen
{quote} I am not trading retracements, but thanks for your input and it seems like you've got quite a good thing going on. Keep on going
counter trend vs retracement. whats the difference?
  • #14
  • Oct 7, 2014 5:40pm Oct 7, 2014 5:40pm
Quoting mario777
{quote} counter trend vs retracement. whats the difference?
Counter trend is where you would expect price to reach a level in the opposite direction of trend. Could be below the point where the original trend started, or far below. Retracement is usually a continuation of the original trend.

Trend gives you everything to win when trading against, and everything to loose when trading with.

Think about this carefully. The secret is in that sentence.
Not about how much you win, but how much you loose
  • #15
  • Oct 7, 2014 5:55pm Oct 7, 2014 5:55pm
Hello Ullen, so do you always enter at picks/bottoms ? Also how do you detect that the trend is over. Thanks.
  • #16
  • Oct 7, 2014 5:58pm Oct 7, 2014 5:58pm
Quoting metta87
Hello Ullen, so do you always enter at picks/bottoms ? Also how do you detect that the trend is over. Thanks.
I enter when i get my signal that there is something pulling the other way. You must find your own way of finding the right entry, but when you do!

I'm sorry but i won't share rules, indicators or templates.
Not about how much you win, but how much you loose
  • #17
  • Oct 7, 2014 6:39pm Oct 7, 2014 6:39pm
I will sit & watch how you will destroy account......
good luck & trade well

Quoting MAM.Trader
trading has nothing to do with patience. term "patience" is the strongest excuse for losers. when driving you cant turn right/left on straight road. "I was impatient, turned before the curve" sounds stupid. isnt it? yes..!
Quoting Ullen
Hello FF. I will begin my mission to prove that trend is your enemy, and post pictures of counter-trend trades. I will never take a trade in direction of short term trend, only counter-trend. Counter trend is when you would expect price to reach a level in the opposite direction of trend. Could be below the point where the original trend started, or far below. Trend gives you everything to win when trading against, and everything to loose when trading with. Think about this carefully. The secret is in that sentence. Another thing to remember when...
My Best Trade is Next Trade!
  • #18
  • Oct 7, 2014 6:42pm Oct 7, 2014 6:42pm
Quoting Ullen
{quote} Counter trend is where you would expect price to reach a level in the opposite direction of trend. Could be below the point where the original trend started, or far below. Retracement is usually a continuation of the original trend. Trend gives you everything to win when trading against, and everything to loose when trading with. Think about this carefully. The secret is in that sentence.
i was confused about the difference too so thanks for clarifying . i agree trading takes confidence and patience (since DD can take time before it is overturned) and everyone uses different kinds of trading techniques. I am curious though, do you use any indicators at all or do you trade just by looking at price? Also, i used to use retracement to trade counter trend but failed many time . i guess im just bad at identifying end of trends but oh well.

I am however interested in your system so i will subscribe to this forum and look forward to your future trading plans. GL
  • #19
  • Oct 7, 2014 6:54pm Oct 7, 2014 6:54pm
Quoting Crimson
{quote} i was confused about the difference too so thanks for clarifying . i agree trading takes confidence and patience (since DD can take time before it is overturned) and everyone uses different kinds of trading techniques. I am curious though, do you use any indicators at all or do you trade just by looking at price? Also, i used to use retracement to trade counter trend but failed many time . i guess im just bad at identifying end of trends but oh well. I am however interested in your system so i will subscribe to this forum and look...
Thank you my friend.

I do have a set of indicators yes. BUT it is just to analyse market and know what the market manipulators are doing with the price. I have no adx, stoch, ma etc. My entries are based on what i see on the chart. The more trades you do, the better your feeling of the market will get. But i have found something very special that i trust and use for analyzing. I am interested in your system as well. It's so fascinating how so many different concepts can succed in forex, even though most fail.

Welcome
Not about how much you win, but how much you loose
  • #20
  • Oct 7, 2014 6:58pm Oct 7, 2014 6:58pm
Quoting MAM.Trader
I will sit & watch how you will destroy account...... good luck & trade well {quote} {quote}
Oh, i have my first hater..

I'll make sure to post updates on my account to prove that i am doing the right thing.

Anyway thanks for passing through, you'll might get suprised
Not about how much you win, but how much you loose
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