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Counter-trend trading

  • #181
  • Oct 14, 2014 8:07am Oct 14, 2014 8:07am
Quoting Madmoney
{quote} Basically some prices are more important than others. Like last night there was a massive stop hunt, now it came down to the previous important price level, even though some thought there would be a bull run. {image}
Thanks for the answer Madmoney. Also, what happened to your explorer, i can't see it no more ?
  • #182
  • Edited 8:55am Oct 14, 2014 8:10am | Edited 8:55am
Quoting metta87
{quote} Thanks for the answer Madmoney. Also, what happened to your explorer, i can't see it no more ?
I have three live accounts to look after, I had to neglect my demo TE.

It's a lot of work.
  • #183
  • Oct 14, 2014 8:37am Oct 14, 2014 8:37am
EUR/GBP SHORT

0,78690 will be cleared
Not about how much you win, but how much you loose
  • #184
  • Oct 14, 2014 9:00am Oct 14, 2014 9:00am
hi Ullen,

U must be doing lots of analysis...the only thing I can see at 0.7890 is that price has acted support and resistance a few times...lets see how ur call plays out..

Regards
  • #185
  • Oct 14, 2014 9:11am Oct 14, 2014 9:11am
Quoting Ullen
{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
Thank you for posting this thread and sharing your trading views with us. Unfortunately, haters gonna hate. I myself dont trade counter trends all that much, but I always love to hear what others are up to and what works for them. I trade mostly 1h, 4h charts using momentum. Happy trading my good sir!
  • #186
  • Oct 14, 2014 9:26am Oct 14, 2014 9:26am
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
Quoting Ullen
EUR/GBP SHORT 0,78690 will be cleared

Big call!

I am not confident enough to make these calls yet but I do see that level and I do agree that the current price is overvalued.

Keen to see how this plays out.

Regards

Neio
An expert is a man who has made all the mistakes which can be made
  • #187
  • Oct 14, 2014 9:30am Oct 14, 2014 9:30am
Quoting Neio
{quote} Big call! I am not confident enough to make these calls yet but I do see that level and I do agree that the current price is overvalued. Keen to see how this plays out. Regards Neio
Let's see buddy!
Not about how much you win, but how much you loose
  • #188
  • Oct 14, 2014 9:32am Oct 14, 2014 9:32am
Is it really that easy to just say itīs overvalued? How do you come to that conclusion?
  • #189
  • Oct 14, 2014 9:32am Oct 14, 2014 9:32am
Do u guys do fundamental analysis or just read price action off the chart.

Regards
  • #190
  • Oct 14, 2014 9:34am Oct 14, 2014 9:34am
Quoting Madmoney
{quote} I have three live accounts to look after, I had to neglect my demo TE. It's a lot of work.
At one point it was 100% then dropped to -17%, i wanted to know if you were still in the red or everything is fine now.
  • #191
  • Oct 14, 2014 9:37am Oct 14, 2014 9:37am
Quoting Christianfx
{quote} How do you know if itīs a stop hunt? Whatīs your definition?
Because what I have in front of me, also the level I stated was corrected.

Smart money always likes to decieve small traders, like the kansas city shuffle. They take out stops and profit, then take price it should have been and make profit, they win both ways.
  • #192
  • Oct 14, 2014 9:40am Oct 14, 2014 9:40am
Quoting metta87
{quote} At one point it was 100% then dropped to -17%, i wanted to know if you were still in the red or everything is fine now.
The most important thing is that my live accounts are in good health, I really aim for 5% - 20% a day.

My demo I was going for maximum lots at one time.
  • #193
  • Oct 14, 2014 9:42am Oct 14, 2014 9:42am
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
Quoting Christianfx
Is it really that easy to just say itīs overvalued? How do you come to that conclusion?

Based on my own analysis using things that can't just be seen by PA alone. Remember the PA is what they want you to see. It is their advertising and is often false.

I may be wrong so just evaluating what I am seeing at the moment.
An expert is a man who has made all the mistakes which can be made
  • #194
  • Oct 14, 2014 9:44am Oct 14, 2014 9:44am
ur right Neio,

its quite confusing and that's why very few succeed in this business.

regards
  • #195
  • Oct 14, 2014 9:45am Oct 14, 2014 9:45am
Quoting Neio
{quote} Based on my own analysis using things that can't just be seen by PA alone. Remember the PA is what they want you to see. It is their advertising and is often false. I may be wrong so just evaluating what I am seeing at the moment.
Spot on mate
Not about how much you win, but how much you loose
  • #196
  • Oct 14, 2014 9:49am Oct 14, 2014 9:49am
yes Ullen has given a Eur/Gbp call and we have to see the nuts and bolts of that trade..hope we can get some hidden info from it.

Regards
  • #197
  • Oct 14, 2014 9:49am Oct 14, 2014 9:49am
Quoting Neio
{quote} Based on my own analysis using things that can't just be seen by PA alone. Remember the PA is what they want you to see. It is their advertising and is often false. I may be wrong so just evaluating what I am seeing at the moment.

Ok, fair point
  • #198
  • Oct 14, 2014 9:51am Oct 14, 2014 9:51am
Quoting Ullen
EUR/GBP SHORT 0,78690 will be cleared
Any other calls?
  • #199
  • Oct 14, 2014 9:52am Oct 14, 2014 9:52am
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
Quoting dennis4u15
ur right Neio, its quite confusing and that's why very few succeed in this business. regards

You have to think like they do. If you were selling Euro's would you want everyone to sell at the same time as you?

Or would it be better to buy enough to start a trend and then start selling into that trend?
An expert is a man who has made all the mistakes which can be made
  • #200
  • Oct 14, 2014 10:04am Oct 14, 2014 10:04am
@Madmoney: I suppose we need to find the "right" levels

Example here. YES. SORT OF. Or BULLSHIT?

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