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Counter-trend trading

  • #521
  • Oct 22, 2014 8:49am Oct 22, 2014 8:49am
Quoting Ullen
{quote} USD/JPY EMA going up is current price {image}
Nice! thanks
Focus, Patience, Determination & Order in chaos
  • #522
  • Oct 22, 2014 8:51am Oct 22, 2014 8:51am
at 9:50 EST fix this: price of EURUSD is at 1.2675, it will not close above 1.2695 and will reach 1.2635 before NY close.
As Above, So Below
  • #523
  • Oct 22, 2014 9:02am Oct 22, 2014 9:02am
Quoting Bartleby
{quote} Thanks Ullen I think i really need to focus on my entries. Havent found any good method yet.
I've found that I can perfectly time short term bottoms when I'm shorting and tops when I'm long...
  • #524
  • Oct 22, 2014 9:30am Oct 22, 2014 9:30am
Quoting joelmusicman
{quote} I've found that I can perfectly time short term bottoms when I'm shorting and tops when I'm long...
Flip your mindset
Not about how much you win, but how much you loose
  • #525
  • Oct 22, 2014 10:45am Oct 22, 2014 10:45am
Quoting tanibwa
Thanks Ullen for bringing this topic again, I was searching this for the last month, I also tried at create an indicator to show what your indicator does, but the result that your indicator show is much better, I think what your indicator do is to calculate the value of the current pair by doing calculation on other pairs, but I do get different results according to the ring of pairs I use in my calculations. Am I on the right track Ullen?
There is no certain way to do it.

I'm not using pairs for value, but it can be great.

Good luck!
Not about how much you win, but how much you loose
  • #526
  • Oct 22, 2014 3:29pm Oct 22, 2014 3:29pm
Quoting tashkent
at 9:50 EST fix this: price of EURUSD is at 1.2675, it will not close above 1.2695 and will reach 1.2635 before NY close.

I do not like calling games, just showing an example how you do it if decide to do.
1) you state where the price is right now and 2) quote your time. then quote 3) the level price will not reach (stop loss). then you give 4) target (take profit). then you give 5) the time window, indicating when the event/call will expire.
You should not just pick a level/price and say "price will reach x".

happy trading everybody.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 75 KB
As Above, So Below
  • #527
  • Oct 23, 2014 3:49am Oct 23, 2014 3:49am
USD/JPY SHORT

ENTRY: 107.557

TARGET: 107.277

SL: 15 pips
Not about how much you win, but how much you loose
  • #528
  • Oct 23, 2014 3:57am Oct 23, 2014 3:57am
Quoting Ullen
USD/JPY SHORT ENTRY: 107.557 TARGET: 107.277 SL: 15 pips



http://www.mql5.com/en/charts/253157...ncial-services
  • #529
  • Oct 23, 2014 5:14am Oct 23, 2014 5:14am
This level is very important.

USD/JPY
Attached Image (click to enlarge)
Click to Enlarge Name: Skærmbillede 2014-10-23 kl. 12.13.18.png Size: 20 KB
Not about how much you win, but how much you loose
  • #530
  • Oct 23, 2014 6:10am Oct 23, 2014 6:10am
Quoting Ullen
This level is very important. USD/JPY {image}
agree
Mind is the King
  • #531
  • Oct 23, 2014 7:08am Oct 23, 2014 7:08am
Quoting Ullen
USD/JPY SHORT ENTRY: 107.557 TARGET: 107.277 SL: 15 pips
You don't see UJ coming down to 106.8 area? This is the potential target zone on my charts. 107.16 should be a sure hit soon maybe..
Focus, Patience, Determination & Order in chaos
  • #532
  • Oct 23, 2014 7:12am Oct 23, 2014 7:12am
Quoting Ullen
USD/JPY SHORT ENTRY: 107.557 TARGET: 107.277 SL: 15 pips

first loss ??
never tought that could happend
  • #533
  • Oct 23, 2014 7:12am Oct 23, 2014 7:12am
Quoting Ullen
USD/JPY SHORT ENTRY: 107.557 TARGET: 107.277 SL: 15 pips
Stopped out just now, correct?
When in doubt, HEDGE
  • #534
  • Oct 23, 2014 7:13am Oct 23, 2014 7:13am
Quoting AdelPC
{quote} Stopped out just now, correct?
Yes, But i have bigger SL.

I would re-enter if i was stop out.

Level have to be cleared.
Not about how much you win, but how much you loose
  • #535
  • Oct 23, 2014 7:18am Oct 23, 2014 7:18am
Quoting Ullen
{quote} Yes, But i have bigger SL. I would re-enter if i was stop out. Level have to be cleared.
OK... love your confidence. Wish you'd show a chart with analysis.
When in doubt, HEDGE
  • #536
  • Oct 23, 2014 7:50am Oct 23, 2014 7:50am
despite fighting against the trend, just flow with it, because it is your friend. this entry had 10 pip slippage (entry is small triangle), now very close to take profit. this bullish move was guaranteed. all you need is to respect the market. the usd move was not "fake". it was "real".
Attached Image (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 663 KB
As Above, So Below
  • #537
  • Oct 23, 2014 8:00am Oct 23, 2014 8:00am
Quoting tashkent
despite fighting against the trend, just flow with it, because it is your friend. this entry had 10 pip slippage (entry is small triangle), now very close to take profit. this bullish move was guaranteed. all you need is to respect the market. the usd move was not "fake". it was "real". {image}
wow... good trade.
When in doubt, HEDGE
  • #538
  • Oct 23, 2014 8:04am Oct 23, 2014 8:04am
Quoting tashkent
{quote} I do not like calling games, just showing an example how you do it if decide to do. 1) you state where the price is right now and 2) quote your time. then quote 3) the level price will not reach (stop loss). then you give 4) target (take profit). then you give 5) the time window, indicating when the event/call will expire. You should not just pick a level/price and say "price will reach x". happy trading everybody. {image}
That was amazing...
Hope to learn something from you, Tashkent.
When in doubt, HEDGE
  • #539
  • Oct 23, 2014 8:12am Oct 23, 2014 8:12am
Quoting AdelPC
{quote} That was amazing... Hope to learn something from you, Tashkent.
Thank you my friend.
I am not sure if I have anything much to offer and I am not here against Ullen. I have seen his trades, they are very similar to mine. except Ullen's results are much better than mine. I am just trying to show people that in this business you need to have the right mindset, because some ideas here may develop really bad habits.
All I am saying is just respect the market. then it will open you it's secrets.
As Above, So Below
  • #540
  • Oct 23, 2014 8:31am Oct 23, 2014 8:31am
Quoting Ullen
{quote} Flip your mindset
Of course, if it were that easy I'd be richer than Bill Gates.

No, I think what happens is I look at the longer term charts and make my opinion on the longer term direction, then when I drill down to the M5 to make my entry, I think I'm gonna miss out on a real breakout when it's actually a false one.
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