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Counter-trend trading

  • #301
  • Oct 16, 2014 4:08pm Oct 16, 2014 4:08pm
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
Quoting FXTriumph
{quote} Its a zone, a region, not necessarily an exact price. Depending on your broker/spreads/internet speed/etc. Also, note that it must not always be a return. It can be a RBR, not necessarily RBD or vice versa. I tried this method...and it worked well. Am glad someone else is also trying the same approach. Still tweaking though, but this is similar to what I am discovering.

Thanks FXT, Certainly not a problem for me if I am a few pips out!
An expert is a man who has made all the mistakes which can be made
  • #302
  • Oct 16, 2014 5:15pm Oct 16, 2014 5:15pm
Quoting tashkent
{quote} you can't tell the exact turning points with 100% certainty. do not be deceived if your prediction is correct. just think how many times your prediction was not correct. What we need to concentrate on is the DIRECTION of the price, not the number. Also whether you trade with or against the trend, you are always trading with AND against the trend at the same time. Not too difficult to comprehend what i mean by this. As soon as you pick the time frame you split this. it will become with OR against the trend.
"You are always trading with AND against the trend at the same time"

Powerful statement indeed.

It's time we stop entertaining ourselves and start realizing ourselves!
  • #303
  • Edited 5:45pm Oct 16, 2014 5:28pm | Edited 5:45pm
Quoting Madmoney
If there are no fakeys, what are stop hunts?
In my opinion I think that what people refer to as Stop Hunts are just "retracements", "pullbacks" and "discounts" to give better entry points at better prices. Sometimes these moves just so happen to take out people's Stop Losses who have them placed too close to the corrective move.

That's my definition and I think most traders are just a little paranoid. We just have to know that whenever a "pullback" occurs that it could break above or below our Stop Level so we need to take measures to protect ourselves and not let that happen!

There are a few things that we can do to avoid getting "stopped out" prematurely and here are 2 tricks:

  1. Trade without Stops at all [but you must monitor the trades closely and be smart]
  2. Or only place a S/L [Stop Loss] Order AFTER your position is deep in profit and then you can move it to break even or better so that even if it gets hit, it will be profitable! These are what I like to call "Profitable Stops". With this method, the "Stop Loss" becomes more like a "safety" T/P [Take Profit] Target

It's time we stop entertaining ourselves and start realizing ourselves!
  • #304
  • Oct 16, 2014 5:36pm Oct 16, 2014 5:36pm
Quoting Madmoney
Today's trades. Here's my entries and exits if anyone wants to see. It is possible to pinpoint the exact price level. {image} {image} {image}
Does it work better or is it easier to visualize this method by using Bar charts instead of Japanese Candlesticks?

Do Bar charts give any advantage?
It's time we stop entertaining ourselves and start realizing ourselves!
  • #305
  • Oct 16, 2014 5:48pm Oct 16, 2014 5:48pm
Quoting yaed
{quote} Newton applied to trading
Indeed.

Remember, everything around us is pure energy in motion.

Energy, vibration, light, sound, waves!

I love looking at everything scientifically.

Just read some of my previous posts on this thread where I mention concepts like "price velocity", "equilibrium and balance", "long wave cycles", "short wave cycles" and "electric momentum" versus "magnetic momentum" and how we can see all of those "forces" in action on the charts.
It's time we stop entertaining ourselves and start realizing ourselves!
  • #306
  • Oct 16, 2014 6:00pm Oct 16, 2014 6:00pm
Quoting Ullen
This thread is taking pace. I will begin my mission starting today, to do a streak of 100 wins 0 losses to prove this concept. This is my trades for today, didn't have much time for trading, but i could have had alot more. These trades are as close to 100% as it gets. I can't show entry points for various reasons, but i'll post setups tommorrow, so people can see action as it happens. Ullen {image}
Hi Ullen,

Are you using some type of spreadsheet software like Excel to keep track of your trades that's in this picture?

If so, could you share the name of the program that is displayed because it doesn't look like MT4's built-in trade history.

If you don't mind could you tell me what program that is you are using to keep track of your Trades because I would like to use that to track my gains, pips, entries, exits, etc because I really don't like the History inside of MT4/MT5.

I'm looking for something more customizable without having to use a full blown Excel Spreadsheet all of the time.

And once again thank you for this nice thread my friend, you are challenging the thought process and I love a challenge because it makes me better
It's time we stop entertaining ourselves and start realizing ourselves!
  • #307
  • Oct 16, 2014 6:31pm Oct 16, 2014 6:31pm
Quoting moneyflow21
{quote} "You are always trading with AND against the trend at the same time" Powerful statement indeed.
it is always a pleasure to hear from people who are able to see the bigger picture
As Above, So Below
  • #308
  • Oct 16, 2014 9:16pm Oct 16, 2014 9:16pm
Hello...I tend to trade counter intuitively, so the title here intrigued me. Just made 10 in a row profits for the first time, so I'm going to increase my trade entry level by one unit.

My method is pretty simple...Pa and fundamentals. Just wanted to say hello.
  • #309
  • Oct 17, 2014 2:30am Oct 17, 2014 2:30am
Hi all OK eurusd hit 1. 2780 this morning... So once you found the method entry is key, I didn't expect them to go on such a massive and sustain stop hunt... However I did know there was massive pressure for it to go down... I apologise for those that went into draw down but I wasn't worried as knew price would fall a minimum of 10 pips from my entry I also added another position @ 1.2810
Quoting YardiFX
Sell eurusd now for 10 pips... I'll explain later
Peace & Pips
  • #310
  • Oct 17, 2014 4:04am Oct 17, 2014 4:04am
I might be doing it wrong, but these seem to be all over the place:

Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy.jpg Size: 137 KB


Is this anything like what you're doing? If so, I'd rename the thread to "Trend - who cares?"
  • #311
  • Oct 17, 2014 4:14am Oct 17, 2014 4:14am
eur/usd will hit 1.2795 soon
Not about how much you win, but how much you loose
  • #312
  • Oct 17, 2014 4:31am Oct 17, 2014 4:31am
So what do you think is the true price... From looking at this graph there is massive pressure on buy and sell side so the true price is difficult to see at this point, I wouldn't trade it but if I would I buy on the low and sell on rallies...

Quoting Broke
I might be doing it wrong, but these seem to be all over the place: {image} Is this anything like what you're doing? If so, I'd rename the thread to "Trend - who cares?"
Peace & Pips
  • #313
  • Oct 17, 2014 4:36am Oct 17, 2014 4:36am
Quoting Ullen
eur/usd will hit 1.2795 soon
Lets see...
  • #314
  • Oct 17, 2014 4:55am Oct 17, 2014 4:55am
USD/JPY (106.227)

This level WILL be cleared. I am not saying that it probably will, i am saying that it will. (and soon)

Find your entry and make pips.

Ullen
Attached Image (click to enlarge)
Click to Enlarge Name: Skærmbillede 2014-10-17 kl. 11.52.51.png Size: 15 KB
Not about how much you win, but how much you loose
  • #315
  • Oct 17, 2014 5:00am Oct 17, 2014 5:00am
Quoting YardiFX
So what do you think is the true price...
If I'm right, it's currently where it belongs, meaning I wouldn't do anything.

This is just a very crude idea at the moment, I still have a lot of work to do before I know if it's useful. And like I said, I might be completely wrong about it and/or it might not have to do anything at all with what MadMoney and Ullen are doing.
  • #316
  • Oct 17, 2014 5:08am Oct 17, 2014 5:08am
Hi

Trend is not trader enemy i think " The way trader looks at trend is his enemy"

Volatility is normal in all business House , Car , Food Price Market even Flight Ticket Price is different during the seasons though in this market you are facing Ranging or Trending trend , if you wanna treat the same for all Market Condition you will lose definitely
Don’t follow someone else’s trading advice blindly
  • #317
  • Oct 17, 2014 5:08am Oct 17, 2014 5:08am
I have fairly good idea of what they are doing .... Look to high and lows... See the extension the true price is some where just above or below those levels... All depends on the time frame.. However there is too much noise in weekly and daily and 4 hourly

Quoting Broke
{quote} If I'm right, it's currently where it belongs, meaning I wouldn't do anything. This is just a very crude idea at the moment, I still have a lot of work to do before I know if it's useful. And like I said, I might be completely wrong about it and/or it might not have to do anything at all with what MadMoney and Ullen are doing.
Peace & Pips
  • #318
  • Oct 17, 2014 5:25am Oct 17, 2014 5:25am
Interesting thread Ullen thanks
Here's some music whilst you wait for targets to be hit
Inserted Video
used to be undecided but nowadays can't make my mind up
  • #319
  • Oct 17, 2014 5:39am Oct 17, 2014 5:39am
Thanks Ullen
I'm in already ,

http://gyazo.com/5f68dbcfee5524faa04ea16c39260924

I would like to thank

Ullen,Madmoney,UnamedPlayer,Eurusdd for opened my eyes to see real Forex market
Dilz
  • #320
  • Oct 17, 2014 5:43am Oct 17, 2014 5:43am
I haven't read the whole thread, so maybe someone posted this .gif. It's from an article by
Boris Schlossberg called Trade Like a Dealer, which advises us:

1. Always be fading; and
2. Never trust the first price.

I attached the chart that came with the article.
Attached Image
HELL IS EMPTY, ALL THE DEVILS ARE HERE. -- Shakespeare
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