Counter-trend trading | Page 5 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Are you a trend trader or a counter-trend trader? 29 replies

Looking For "COUNTER TREND" To Become "TREND" 29 replies

Is Grid Trading (combined trend following and counter trend) Profitable? 3 replies

1 hour counter-trend trading technique 8 replies

Counter trend trading 19 replies

Attachments: Counter-trend trading
Exit Attachments

Counter-trend trading

  • #81
  • Oct 11, 2014 12:15pm Oct 11, 2014 12:15pm
Quoting Ullen
{quote} Yes, that entry was totally off, but i knew that target would be hit soon, so no sweat.
If you knew your target would be hit soon how could be the entry totally off ? If no sweat why closing it at 4 pips after holding it without stop loss for 28 hours ?
LDFX Trading Ltd
  • #82
  • Oct 11, 2014 1:03pm Oct 11, 2014 1:03pm
Interesting. Subscribed. Agree with your countertrend philosophy..I personally have not developed a system to consistently detect the reversal.
  • #83
  • Oct 11, 2014 2:02pm Oct 11, 2014 2:02pm
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...

Ullen, I looked at three trades on the 1H chart. EURJPY 8 Oct and GBPAUD 8 Oct, and both are with the 1H trend, certainly not against. I don’t understand why you call this thread “trend is your enemy”. The results that you show and your statements are in my opinion misleading.

But good, what is your definition of a trend? If people have different definitions, then it is difficult to communicate.

If the 5m TF is up, do you call that an uptrend?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURJPYH1.png Size: 38 KB
Click to Enlarge Name: GBPAUDH1.png Size: 43 KB
  • #84
  • Oct 11, 2014 3:30pm Oct 11, 2014 3:30pm
Guys, if you say Trend is your enemy then I challenge you to try in longterm trade position in counter trend it will blow your account soon
  • #85
  • Oct 11, 2014 3:40pm Oct 11, 2014 3:40pm
Quoting LDFX
{quote} If you knew your target would be hit soon how could be the entry totally off ? If no sweat why closing it at 4 pips after holding it without stop loss for 28 hours ?
Would you sweat if you traded 0.01 lots on a 50$ account?
  • #86
  • Oct 11, 2014 3:40pm Oct 11, 2014 3:40pm
He might be referring to the pullback
  • #87
  • Oct 12, 2014 10:55am Oct 12, 2014 10:55am
Quoting LDFX
{quote} If you knew your target would be hit soon how could be the entry totally off ? If no sweat why closing it at 4 pips after holding it without stop loss for 28 hours ?
I know what your saying, maybe it was a misjudged error on his part.

We trade similarly, but not the same. With this kind of trading I made over 1000% in just a few days - http://www.forexfactory.com/showthre...92#post7793892, without SL.

When you find prices that have to be satisfied, you will look for these time windows to make a sure profit.

MM
  • #88
  • Oct 12, 2014 11:19am Oct 12, 2014 11:19am
Quoting Madmoney
{quote} I know what your saying, maybe it was a misjudged error on his part. We trade similarly, but not the same. With this kind of trading I made over 1000% in just a few days - http://www.forexfactory.com/showthre...92#post7793892, without SL. When you find prices that have to be satisfied, you will look for these time windows to make a sure profit. MM
There is no sure profit that is why you do not use stop loss, 1000% is nothing when you risk loosing it all without stop loss...
LDFX Trading Ltd
  • #89
  • Oct 12, 2014 11:22am Oct 12, 2014 11:22am
I mean where are we ? This is common knowledge that trading is risk and money management and I am no better than others, please upload a trade explorer.
LDFX Trading Ltd
  • #90
  • Oct 12, 2014 11:34am Oct 12, 2014 11:34am
Quoting LDFX
{quote} There is no sure profit that is why you do not use stop loss, 1000% is nothing when you risk loosing it all without stop loss...

Quoting LDFX
I mean where are we ? This is common knowledge that trading is risk and money management and I am no better than others, please upload a trade explorer.
This trading loophole is not common knowledge.

But you know best.

Each to there own, I prefer to do things differently.

MM
  • #91
  • Oct 12, 2014 11:42am Oct 12, 2014 11:42am
Quoting Madmoney
{quote} {quote} This trading loophole is not common knowledge. But you know best. Each to there own, I prefer to do things differently. MM
You do prefer because it is easier and you do not make things differently but just like 95% of traders...

get me wrong by showing your trade explorer, easy.
LDFX Trading Ltd
  • #92
  • Edited 12:10pm Oct 12, 2014 11:57am | Edited 12:10pm
Quoting LDFX
{quote} You do prefer because it is easier and you do not make things differently but just like 95% of traders... get me wrong by showing your trade explorer, easy.
I shouldn't really expect you to understand what I'm talking about because you go after "common knowledge", which is easy to find/access (no offence). What I have is not common and I learnt the hard way.

Do you know what a market inefficiency is?

Here is a simple analogy:

A big retail store has mispriced a product by 25%, a few customers have taken advantage of this mispricing and profit from it. The store soon makes a correction and restores the market value of the product.

The customers that now purchase this product are late to the party and not getting the best deal (FX market terms).

Me proving you wrong will not benefit me, wheather you believe or not.

However I will be starting a new TE soon, I already had a demo mirroring my real account on TE.

MM
  • #93
  • Oct 12, 2014 2:13pm Oct 12, 2014 2:13pm
Quoting Madmoney
{quote} I shouldn't really expect you to understand what I'm talking about because you go after "common knowledge", which is easy to find/access (no offence). What I have is not common and I learnt the hard way. Do you know what a market inefficiency is? Here is a simple analogy: A big retail store has mispriced a product by 25%, a few customers have taken advantage of this mispricing and profit from it. The store soon makes a correction and restores the market value of the product. The customers that now purchase this product are late to the party...
This guy is one of the smartest traders i know of, and this explanation is spot on.

You guys should think about what is being said, and make an effort to understand it.

There is no easy way in forex.

Ullen.
Not about how much you win, but how much you loose
  • #94
  • Oct 12, 2014 2:59pm Oct 12, 2014 2:59pm
Quoting Madmoney
{quote} However I will be starting a new TE soon, I already had a demo mirroring my real account on TE. MM
i cant wait for that
you seem to be oone of the few that seem to understand eurusd`s mumbo-jumbo
  • #95
  • Oct 12, 2014 3:11pm Oct 12, 2014 3:11pm
Quoting bradu
{quote} i cant wait for that you seem to be oone of the few that seem to understand eurusd`s mumbo-jumbo
Lol, what he says can be confusing, because he's explaining half of what's actually going on and he has his reasons for that.

I had to go to some off base sources to find this and connect the dots, it was a struggle.

All the best.

MM
  • #96
  • Oct 12, 2014 5:44pm Oct 12, 2014 5:44pm
Quoting Madmoney
{quote} I know what your saying, maybe it was a misjudged error on his part. We trade similarly, but not the same. With this kind of trading I made over 1000% in just a few days - http://www.forexfactory.com/showthre...92#post7793892, without SL. When you find prices that have to be satisfied, you will look for these time windows to make a sure profit. MM


WOW great results bro, what was your max DD on that acc, can you please show us that part, its what im interested in!
I am what Many Dream to be but only a few can achieve, im a part of the 1%
  • #97
  • Oct 12, 2014 8:37pm Oct 12, 2014 8:37pm
Quoting Madmoney
Here is a USDCHF target... USDCAD & EURUSD {image} {image} {image}
Just some of the trades taken today.

USDCHF almost done.
EURUSD done.

Just waiting for USDCAD to come down a bit

NEW TRADE: EURJPY LONG

MM
Attached Image(s) (click to enlarge)
Click to Enlarge Name: uc1.PNG Size: 14 KB
Click to Enlarge Name: eu1.PNG Size: 16 KB
Click to Enlarge Name: ucc1.PNG Size: 13 KB
Click to Enlarge Name: EJ1.PNG Size: 13 KB
  • #98
  • Oct 12, 2014 10:31pm Oct 12, 2014 10:31pm
And another....

USDJPY
Attached Image (click to enlarge)
Click to Enlarge Name: Uj1.PNG Size: 14 KB
  • #99
  • Oct 13, 2014 12:24am Oct 13, 2014 12:24am
Quoting Madmoney
{quote} Lol, what he says can be confusing, because he's explaining half of what's actually going on and he has his reasons for that. I had to go to some off base sources to find this and connect the dots, it was a struggle. All the best. MM
thanks
i saw you put your TE...great job.

if you are willing to share any wisdom you manage to grasp from his teaching it would be great - that analogy with mispricing was very good

thanks in advance
  • #100
  • Oct 13, 2014 12:37am Oct 13, 2014 12:37am
Good Trading style@Madmoney...

Whether its trend trading or not...if it makes positive pips its good...im pretty sure u must have worked really hard to understand the price action...I have been trying for a while without much success. From what I see on ur charts u tend to know where price will head in the near future and ur entries are very good. It seems u do use support and resistance and maybe a bit of candle formation..will be waiting for ur posts so that we can also get on the right side of the market.

Regards
0 traders viewing now