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Counter-trend trading

  • #421
  • Oct 19, 2014 4:57pm Oct 19, 2014 4:57pm
Hi Ullen,

Are your targets derived from looking at the charts a different way, or information from a different source?

Thanks very much
  • #422
  • Oct 19, 2014 5:25pm Oct 19, 2014 5:25pm
Quoting Ullen
USD/JPY could go nuts soon. Find your entry. Target = 106.227
)))ullen i have been following you and the others very closely and for the most part nobody answers to the question very clearly but what i have noticed is that all your calls are made at sr zone right now usdjpy is at resistance zone and GUESS WHERE THE TARGET IS??? the previous resistance that turned support so i wonder are you fooling us just trading the basics??
  • #423
  • Oct 19, 2014 5:37pm Oct 19, 2014 5:37pm
Quoting vladutz112
{quote} )))ullen i have been following you and the others very closely and for the most part nobody answers to the question very clearly but what i have noticed is that all your calls are made at sr zone right now usdjpy is at resistance zone and GUESS WHERE THE TARGET IS??? the previous resistance that turned support so i wonder are you fooling us just trading the basics??
That would be strange..

No i'm not, and this has nothing to do with sr zones. I've never traded this
Not about how much you win, but how much you loose
  • #424
  • Oct 19, 2014 5:45pm Oct 19, 2014 5:45pm
Quoting Ullen
{quote} That would be strange.. No i'm not, and this has nothing to do with sr zones. I've never traded this

i don't say that you lie but in every chart that i tried to see where you took your trades they were always at sr maybe you really found a method to predict those levels and maybe sr it's really efficient cuz from a good period of time i doubt anything in forex that includes all kind of analysys and indicators and i base my trading only on the basics that there always will be a pullback and i will be ready to profit from that
  • #425
  • Oct 19, 2014 5:54pm Oct 19, 2014 5:54pm
Greetings!

About 7 years ago I traded with a Group of Traders who made live calls in a trading room for EURUSD. They worked as a team and they would calculate each hourly open and would track highs and lows to form areas of interest. They did a great job with making predictions and we made some nice cash along the way. They never revealed charts or how they found targets, but they were successful.
Whatever Ullen has found to be successful in his trading is great, and I do not see why he should share any of his discoveries or even a statement showing win/loss.
If a trader has patience to watch Ullen or others make calls, maybe you will find some ways to pinpoint entries towards those targets.
It's up to each trader to find their comfort level in stops and lot sizes, and even pulling the trigger.
I personally will be watching and trading at points I think would be good to enter and challenge myself in learning more from others.
Thanks for the thread Ullen.

N2FX
  • #426
  • Oct 19, 2014 6:02pm Oct 19, 2014 6:02pm
waiting since 106.50

Edit : its quite Huge floating loss for 1Min chart trading. actually -70 pips do you have max loss limit? or where it goes?

Quoting Ullen
USD/JPY could go nuts soon. Find your entry. Target = 106.227
Quoting MAM.Trader
did it clear 106.20 ? {quote}
My Best Trade is Next Trade!
  • #427
  • Oct 19, 2014 6:08pm Oct 19, 2014 6:08pm
Quoting MAM.Trader
waiting since 106.50 Edit : its quite Huge floating loss for 1Min chart trading. actually -70 pips do you have max loss limit? or where it goes? {quote} {quote}
you still didn't showed the cart that ullen asked
  • #428
  • Oct 19, 2014 6:11pm Oct 19, 2014 6:11pm
Quoting MAM.Trader
waiting since 106.50 Edit : its quite Huge floating loss for 1Min chart trading. actually -70 pips do you have max loss limit? or where it goes? {quote} {quote}
I don't know if you are not understanding what i write?

I havent at any point said anything about entering a trade. I have given you a target, and then you can find a good place for entry.
Not about how much you win, but how much you loose
  • #429
  • Oct 19, 2014 6:16pm Oct 19, 2014 6:16pm
my bad
when trading 1min chart what can we consider as soon..!?
GL
-- Last Post --

Quoting 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 {image}
Quoting Ullen
{quote} I don't know if you are not understanding what i write? I havent at any point said anything about entering a trade. I have given you a target, and then you can find a good place for entry.
My Best Trade is Next Trade!
  • #430
  • Oct 19, 2014 7:19pm Oct 19, 2014 7:19pm
N2FX, in reference to post #426.......that is actually right. I really don't know for sure what Ullen is doing,
but he has the attention of many to the point some are almost pleading with him to share his method. Now
I say Ullen is on to something & he is going to keep the CORE of his method to himself & I DON"T BLAME HIM.
I would assume that he has worked tireless hrs to discover his method & why should he be expected to put it
in the forum for free. I also assume he has probably already shared enough information if one would do
some research, they just might discover what he is doing. If I heard Ullen correctly early on he said he was
not going to share his method. How hard is that for everyone to get their brain around?

Oh, I just took a look the USD/JPY & it topped @ 107.22 & now appears to be heading down. Will Ullen be
correct about where it goes? I don't know, but we will see.

Ullen good job getting everyone to put on their thinking caps......well maybe some are.
_________________________
  • #431
  • Oct 19, 2014 7:29pm Oct 19, 2014 7:29pm
Hello AceTrader, good to see you again.
I agree, we must spend our own time in study to learn more each day.
I have spent more hours than I ever thought I would, lol, but I am determined to make a go at trading Forex.
I am willing to watch and learn, and hopefully I can come to the point where I can be confident to trade more than 10.00 lots on a trade.
Anyone can trade demo, and anyone can trade dollars, but it will take some real toughness to go over 10.00 lots
Let's get this rolling and make some cash, I am ready
  • #432
  • Oct 19, 2014 9:20pm Oct 19, 2014 9:20pm
Quoting Madmoney
Today trades in session week performance (so far): 521% UPDATE: weekly performance update 733.8% FINAL UPDATE: weekly performance update 874.3% - More trades to close next week {image} {image} {image} {image} {image}
Account still looking healthy, as more trades closed from last Friday.

Might be busy, but will try and update with new trades this week.
Attached Image
  • #433
  • Oct 19, 2014 9:35pm Oct 19, 2014 9:35pm
I will take a stab....

They look at areas where there are pools of stop/limit orders and note them (like creating their own order flow book).
Find particular currencies that are out of sync in their pricing (ie: what is the current price, what 'should' it be)
Then rely on market sentiment to provide a particular directional bias to trade in that direction.

Whether they use those pooled stops/limit orders as areas for exits or use them as an entry (in combination with directional bias to enter high expectancy trades) is up to the individual trader...

Markets transition between their actual and true values.

Either way (and thats if im correct/ partly correctly), its an excellent method and kudos to them.

When you tech traders look at your charts and say they are trading S/R or S/D areas.... well..... think about some correlation between those areas and a hypothetical order book.

Why do some levels work and others don't.... what are the fundies telling you.


Anyways, could be completely wrong. It was a stab after all.
Luck is where preparation meets opportunity.......
  • #434
  • Oct 20, 2014 2:54am Oct 20, 2014 2:54am
Quoting thanksUllen
I like the thread but so much walking around a simple concept which is not even secret. I think Ullen wont' mind if I post it as picture. But why a price should be hit ...that's a mistery to me. {image}
You need to add the bit about stops being taken out. But careful with this tactic, only best used when there is no sentiment bias.
  • #435
  • Oct 20, 2014 5:09am Oct 20, 2014 5:09am
Getting closer to the target of 100 consecutive wins.
Attached Images
Not about how much you win, but how much you loose
  • #436
  • Oct 20, 2014 6:13am Oct 20, 2014 6:13am
Quoting Ullen
Getting closer to the target of 100 consecutive wins. {image} {image}
equity equity equity... or did you forgot about your 120 pip drawdown from last USD/JPY position? I am not trying to kill this topic, go ahead with whatever you intent to but you should be realistic towards yourself and your followers.
  • #437
  • Oct 20, 2014 6:43am Oct 20, 2014 6:43am
Quoting Robertk
{quote} equity equity equity... or did you forgot about your 120 pip drawdown from last USD/JPY position? I am not trying to kill this topic, go ahead with whatever you intent to but you should be realistic towards yourself and your followers.
Quoting Ullen
{quote} I don't know if you are not understanding what i write? I havent at any point said anything about entering a trade. I have given you a target, and then you can find a good place for entry.
no dd without entering... his system is like a rubber band. it will extend until it snaps back. we know nothing about his entry conditions.only his target.
follow the flow
  • #438
  • Oct 20, 2014 6:51am Oct 20, 2014 6:51am
Quoting Atihun
{quote} {quote} no dd without entering... his system is like a rubber band. it will extend until it snaps back. we know nothing about his entry conditions.only his target.
Thats one awesome formula in order to generate a superior account statement now isnt it? Come on, he said price WILL hit certain price-level(and soon) and moved 120 pips the other way without ever showing the intention to hit that level. He just added fuel on the fire by claiming a 100 consecutive wins. Every single person can achieve this on a demo when you work the way he does. Deviation is no excuse here, unless its limited ,or you have a time-schedule for a TP on your hands.

Are people really that blind / desperate to see the truth? No wonder this business is big money for certain shady companies.
  • #439
  • Oct 20, 2014 7:04am Oct 20, 2014 7:04am
well he is not selling anything for now so we can trust him i think...
follow the flow
  • #440
  • Oct 20, 2014 7:09am Oct 20, 2014 7:09am
Quoting Atihun
well he is not selling anything for now so we can trust him i think...
On the other side there are tons of people sitting behind their computer, having the urge to feel special and start making (often false) reputation on forums like these. I do not like to make false assumptions but I am just saying motives may vary from person to person. Perhaps instead of "trust" we should rather "accept" this kind of behaviour

See it as some kind of videogame where one can achieve lots of reputation online. And yes, I speak out of experience because I played tons of these myself back in those days.

Anyway, I realize motives are offtopic. I truly hope Ullen can argument some of his trades, for the sake of his own, and for the sake of his followers. I know he would most likely respond with "not sharing a system". Again, thats not what I am asking for. At the moment i am very skeptic about his fully bright results / consecutive wins and I am sure i am not the only one out there.
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