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Counter-trend trading

  • #361
  • Oct 18, 2014 6:34am Oct 18, 2014 6:34am
[Quote Ullen]
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 [/quote]


Yesterday you made this call when the price was at 106.54, it has since moved another 30+ pips against you.
When do you consider a call a failure?
Why do you think these calls can fail?
  • #362
  • Oct 18, 2014 6:41am Oct 18, 2014 6:41am
Quoting Occamz
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 Yesterday you made this call when the price was at 106.54, it has since moved another 30+ pips against you. When do you consider a call a failure? Why do you think these calls can fail?
I haven't said anything about entering a trade?

I just gave you a target, so that you could enter when you think it would go to target. But if i was to take a trade and it went against me, i would have ways of benefitting from it either way = win/win
Not about how much you win, but how much you loose
  • #363
  • Oct 18, 2014 6:49am Oct 18, 2014 6:49am
Eyes opened. Mind blown . Thanks ullen. Thanks mad money. The trend is truely your enemy
Quoting Ullen
{quote} This is excatly why i am not giving away my indicator(s). The reason why i made this thread was to open your eyes to a new idea of trading, and for you to build your own system around it. There are hundreds of ways this can be used for trading, and you just need to find your own. This is exactly what i did, when i found the inspiration from other guys
  • #364
  • Oct 18, 2014 6:52am Oct 18, 2014 6:52am
Quoting ephisi
Eyes opened. Mind blown . Thanks ullen. Thanks mad money. The trend is truely your enemy{quote}
You are welcome. I hope you'll develop a kickass system
Not about how much you win, but how much you loose
  • #365
  • Oct 18, 2014 7:00am Oct 18, 2014 7:00am
The word " TRADE WITH TREND "

are useless...it will poisonous our mind about market

it will effect the crucial factor ...the moment to decide

u trade with trend BUT u against the market nature
  • #366
  • Oct 18, 2014 7:23am Oct 18, 2014 7:23am
Ullen, you mentioned that you will never take a trade with the short-term trend. You have also talked about the market movement being real vs fake.

Would it be correct to summarize that all short term trends are fake? In other words, do these mean the same thing?
  • #367
  • Oct 18, 2014 7:26am Oct 18, 2014 7:26am
Quoting 24HourTrader
Ullen, you mentioned that you will never take a trade with the short-term trend. You have also talked about the market movement being real vs fake. Would it be correct to summarize that all short term trends are fake? In other words, do these mean the same thing?
No, this is not correct.

Remember that alot of the ''trends'' are correcting errors or following the ''right'' direction.

I only trade when price is off balance
Not about how much you win, but how much you loose
  • #368
  • Oct 18, 2014 7:31am Oct 18, 2014 7:31am
Quoting Ullen
{quote} No, this is not correct. Remember that alot of the ''trends'' are correcting errors or following the ''right'' direction. I only trade when price is off balance
Hmmm so during times when the short-term trend is following the "right" direction, you will still not trade with it?
  • #369
  • Oct 18, 2014 7:38am Oct 18, 2014 7:38am
ullen and mad money don't use any kind of trend what u don't understand if u want to learn their principles stick to what they said and try to make the puzzle
  • #370
  • Oct 18, 2014 7:42am Oct 18, 2014 7:42am
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
Quoting 24HourTrader
{quote} Hmmm so during times when the short-term trend is following the "right" direction, you will still not trade with it?

You will probably want a response from Ullen but I can tell you that what he is really saying is that when you can see the hidden value the trend is irrelevant. When you find the true value of the market (not often reflected in the chart) you will often find that price returns to it. Don't always believe in the trend. It is not always your friend but the real big players in the market may want you to believe in it before they return the market to it's real value.

The thread title is provocative but the real point of the thread is don't believe in the patterns and moves that you see on the chart. Find the real value and base trades on that. How you find the real value is up to you to research. There are a number of connected threads.

Regards

Neio
An expert is a man who has made all the mistakes which can be made
  • #371
  • Oct 18, 2014 7:53am Oct 18, 2014 7:53am
Quoting Neio
{quote} You will probably want a response from Ullen but I can tell you that what he is really saying is that when you can see the hidden value the trend is irrelevant. When you find the true value of the market (not often reflected in the chart) you will often find that price returns to it. Don't always believe in the trend. It is not always your friend but the real big players in the market may want you to believe in it before they return the market to it's real value. The thread title is provocative but the real point of the thread is don't believe...
Is it like finding the fair value of the currency within a specific period of time?
Pivot Boss in the making~
  • #372
  • Oct 18, 2014 7:54am Oct 18, 2014 7:54am
Quoting Occamz
{quote} For the picture to be complete you'd need to show your current floating loss, too
  • #373
  • Oct 18, 2014 8:05am Oct 18, 2014 8:05am
Quoting Ullen
{quote} You are welcome. I hope you'll develop a kickass system
eYes I certainly will.
  • #374
  • Oct 18, 2014 8:09am Oct 18, 2014 8:09am
Quoting Occamz
{quote} For the picture to be complete you'd need to show your current floating loss, too
lol. Forget about picking holes. Find a way to manage the bad trades. Thats all. I can assure you. Some peeps using this system trade without stops. Fxjay. Eurusdd. There are different ways to handle drawsldowns. You can get soo good you hardly have drawdownds. Eurusdd has proven that realtime
  • #375
  • Oct 18, 2014 8:12am Oct 18, 2014 8:12am
Quoting jurn_e
{quote} Is it like finding the fair value of the currency within a specific period of time?
Yes, partly
Not about how much you win, but how much you loose
  • #376
  • Oct 18, 2014 8:37am Oct 18, 2014 8:37am
Quoting Ullen
{quote} Yes, partly
So its about the Daily Range?
thx.
  • #377
  • Oct 18, 2014 9:51am Oct 18, 2014 9:51am
Quoting Neio
{quote} You will probably want a response from Ullen but I can tell you that what he is really saying is that when you can see the hidden value the trend is irrelevant. When you find the true value of the market (not often reflected in the chart) you will often find that price returns to it. Don't always believe in the trend. It is not always your friend but the real big players in the market may want you to believe in it before they return the market to it's real value. The thread title is provocative but the real point of the thread is don't believe...
Thanks, I understand now.
  • #378
  • Oct 18, 2014 11:47am Oct 18, 2014 11:47am
Great thread!

Lets discuss about various ways in which we can find value. I think that is the key here. One way is similar to that of currency strength indicators that we all already know about. But what else is there?
Focus, Patience, Determination & Order in chaos
  • #379
  • Oct 18, 2014 11:52am Oct 18, 2014 11:52am
check the pdf that i have attached
  • #380
  • Oct 18, 2014 11:55am Oct 18, 2014 11:55am
fair value is just a theory like many other things around

at the end .. its all about pattern !
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