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Counter-trend trading

  • #601
  • Oct 28, 2014 3:08am Oct 28, 2014 3:08am
@Ullen
The horizontal lines indicate statistical measures?
Thank you very much
  • #602
  • Oct 28, 2014 3:14am Oct 28, 2014 3:14am
Quoting burnssss
@Ullen The horizontal lines indicate statistical measures? Thank you very much
Thats only entry,TP and SL. White line: entry, Green line: TP, Purple line: SL
Not about how much you win, but how much you loose
  • #603
  • Oct 28, 2014 4:05am Oct 28, 2014 4:05am
Quoting kyurem
Hi Ullen Thx for your enlightening thread. I had the same lvl for nzdusd. I also sold gbpusd targetting 1.61... what do you think about that level? Kyurem
Gbpusd target reached $$$Nzdusd still ongoing
  • #604
  • Oct 28, 2014 6:20am Oct 28, 2014 6:20am
Everyone should consider a bigger SL than TP.

Market is designed to hit your 10 pip SL.

Be careful out there.
Not about how much you win, but how much you loose
  • #605
  • Oct 28, 2014 8:22am Oct 28, 2014 8:22am
Quoting Ullen
NZD/USD about to go crazy. Look out for 0.7875
took the trade, but in opposite direction (with the trend). target 0.7950 reached.
Attached Image (click to enlarge)
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As Above, So Below
  • #606
  • Oct 28, 2014 8:38am Oct 28, 2014 8:38am
Quoting tashkent
{quote} took the trade, but in opposite direction (with the trend). target 0.7950 reached. {image}
Again i didnt take any trade.

I said that market would go crazy, and it will return to the price.

I make sure to post some more trades. This was not a trade.
Not about how much you win, but how much you loose
  • #607
  • Edited 9:45am Oct 28, 2014 8:41am | Edited 9:45am
EUR/USD SHORT 1.2747

TARGET: 1.27029 (45 pips)

SL: 30 Pips

Probability: 50+%
Not about how much you win, but how much you loose
  • #608
  • Oct 28, 2014 8:45am Oct 28, 2014 8:45am
Quoting Ullen
{quote} Again i didnt take any trade. I said that market would go crazy, and it will return to the price. I make sure to post some more trades. This was not a trade.
it would be good to short for 10-15 pips, but 25 pips would be problematic.
i am also short EU and GU, long EurAud
As Above, So Below
  • #609
  • Oct 28, 2014 9:01am Oct 28, 2014 9:01am
Quoting kyurem
{quote} Gbpusd target reached $$$Nzdusd still ongoing
Added short at .7930 , same target .7875
  • #610
  • Oct 28, 2014 9:08am Oct 28, 2014 9:08am
gu profit taken. eu sl moved to be. will add to euraud. eursek short floating +50 pips, sl at be. gn long floating +50 pips
As Above, So Below
  • #611
  • Oct 28, 2014 9:10am Oct 28, 2014 9:10am
Quoting kyurem
{quote} Added short at .7930 , same target .7875
feel something wrong here but good luck with that.
As Above, So Below
  • #612
  • Oct 28, 2014 9:38am Oct 28, 2014 9:38am
Quoting Ullen
EUR/USD SHORT 1.2477 TARGET: 1.27029 (45 pips) SL: 30 Pips Probability: 50+%
You meant short @1.2747?
When in doubt, HEDGE
  • #613
  • Oct 28, 2014 9:45am Oct 28, 2014 9:45am
Quoting AdelPC
{quote} You meant short @1.2747?
Yes, sorry about that
Not about how much you win, but how much you loose
  • #614
  • Oct 28, 2014 9:46am Oct 28, 2014 9:46am
Quoting tashkent
gu profit taken. eu sl moved to be. will add to euraud. eursek short floating +50 pips, sl at be. gn long floating +50 pips
Awesome... gu/eu spiked on news. Was that good opportunity to short, anticipating price would fall?
When in doubt, HEDGE
  • #615
  • Oct 28, 2014 9:53am Oct 28, 2014 9:53am
Quoting AdelPC
{quote} Awesome... gu/eu spiked on news. Was that good opportunity to short, anticipating price would fall?
yes. think of a rubber band. everything has gone up must come down and vice verse. find the right moment and make it quick. in and out.
the best profit is the quickest profit.
i closed eu short and opened long at 1.2730 also long nu, now in sync with the trend. just scalping. eursek is doing well +160 pips
Attached Image (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 512 KB
As Above, So Below
  • #616
  • Oct 28, 2014 10:00am Oct 28, 2014 10:00am
Quoting tashkent
{quote} i closed eu short and opened long at 1.2730

here (also you can see the closed trades, entries and exits)
Attached Image (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 671 KB
As Above, So Below
  • #617
  • Oct 28, 2014 10:13am Oct 28, 2014 10:13am
Quoting tashkent
{quote} yes. think of a rubber band. everything has gone up must come down and vice verse. find the right moment and make it quick. in and out. the best profit is the quickest profit. i closed eu short and opened long at 1.2730 also long nu, now in sync with the trend. just scalping. eursek is doing well +160 pips {image}
hmm... thank you for the eye-opener.
Last night shorted cadjpy near the low.
I wish I did the opposite.
When in doubt, HEDGE
  • #618
  • Oct 28, 2014 10:21am Oct 28, 2014 10:21am
Quoting AdelPC
{quote} hmm... thank you for the eye-opener. Last night shorted cadjpy near the low. I wish I did the opposite.
this is why Ullen says he trades against the trend, which of course makes sense.
HOWEVER, there is a lot to this and I am sure LOTS of newbies here burning their bums because they have no clue what trading against the trend is and how to do it
As Above, So Below
  • #619
  • Oct 28, 2014 11:13am Oct 28, 2014 11:13am
Indicators + countertrend trades= you are going to fail 100%...enjoy the journey
  • #620
  • Oct 28, 2014 11:19am Oct 28, 2014 11:19am
Quoting speculant
Indicators + countertrend trades= you are going to fail 100%...enjoy the journey
Thank you buddy. I love the support
Not about how much you win, but how much you loose
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