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Counter-trend trading

  • #681
  • Nov 9, 2014 3:53pm Nov 9, 2014 3:53pm
Ullen, you could be the best counter-trend trader in the world, but you will still never be able to prove that the trend is your enemy.

Perhaps you might be able to prove why counter-trend trading suits you, but to say that counter-trend trading is BETTER-SUITED and MORE PROFITABLE than trend trending for the majority of people is a sweeping generaliZation that is misplaced and, most importantly, NOT TRUE.

Maybe you have never trend-traded before so you don't know how much money you can make by doing so??? Honestly, I don't know.

But someone better change the name of this misleading thread topic because it is NOT in the interest of fellow Forex Factory members.

Change the name and be direct here about what your intentions are, before I get too pissed off and report this thread to the admins. I will not say it again. Sorry, but I can't stand people who do not tell the truth, and/or promote garbage information.

We all should be embracing trends and looking for the next one, NOT running away from them.
Please check out my blog at https://from-zero-to-hero . net
  • #682
  • Nov 9, 2014 4:29pm Nov 9, 2014 4:29pm
Attached Image (click to enlarge)
Click to Enlarge Name: 17000pips.PNG Size: 17 KB


Trend is your enemy? Well might as well stop working on my trend trading EA's. Now i gots to start over :'(

Hey Ullen, would you be so kind as to teach your counter trend trading stuffs pwease?!?!
  • #683
  • Nov 9, 2014 7:15pm Nov 9, 2014 7:15pm
Quoting smash1820
Ullen, you could be the best counter-trend trader in the world, but you will still never be able to prove that the trend is your enemy. Perhaps you might be able to prove why counter-trend trading suits you, but to say that counter-trend trading is BETTER-SUITED and MORE PROFITABLE than trend trending for the majority of people is a sweeping generaliZation that is misplaced and, most importantly, NOT TRUE. Maybe you have never trend-traded before so you don't know how much money you can make by doing so??? Honestly, I don't know. But someone better...
Everytime I read that kind of post with that wrong attitude, I know that I am reading a valuable thread.
( Not that I really needed confirmation though. )

I will just say that it is not because you consider it a garbage or a lie, that everyone thinks the same.
Your intention may be good, no doubt, but I think that your reasoning and attitude are wrong. ( but then who am I to say so... )
Try to think a bit further. : )

Quoting smash1820
I will not say it again.
No offense meant, but thank you for the laugh ^^"


030985
  • #684
  • Nov 9, 2014 7:22pm Nov 9, 2014 7:22pm
Quoting 030985
Everytime I read that kind of post with that wrong attitude, I know that I am reading a valuable thread. ( Not that I really needed confirmation though. ) I will just say that it is not because you consider it a garbage or a lie, that everyone thinks the same. Your intention may be good, no doubt, but I think that your reasoning and attitude are wrong. ( but then who am I to say so... ) Try to think a bit further. : ) {quote} No offense meant, but thank you for the laugh ^^" 030985
No offense taken and I know I was harsh with my words, but I wrote them because I meant them. I believe that by titling this thread "Trend is your enemy", he is attracting people to this thread - potential newbie traders - and COMPLETELY MISLEADING THEM.

I don't think there will ever be a case where you could make a sound case for why counter-trend trading is "better" than trend-trading. I just don't get it, and I can counter-trade myself. It's more like predicting reversals than anything else, but then again, to be technical, predicting reversals is not the same as counter-trend trading, it's just that they just have a lot of similarities.

Anyways, I don't really feel like fighting either, or repeating stuff, so I posted this in the other thread about "myths", and you can read it if you want, because this thread is the best "trading myth" of them all.

The post explains my reasons for why I believe this.
Please check out my blog at https://from-zero-to-hero . net
  • #685
  • Nov 9, 2014 7:25pm Nov 9, 2014 7:25pm
Trend is my friend. If Ullen can in fact counter-trend trade effectively and I knew what he knows, then I would have 2 friends!
  • #686
  • Nov 9, 2014 8:32pm Nov 9, 2014 8:32pm
Quoting Shug
{image} Trend is your enemy? Well might as well stop working on my trend trading EA's. Now i gots to start over :'( Hey Ullen, would you be so kind as to teach your counter trend trading stuffs pwease?!?!
Good returns right now but based upon the record, the results could change quite a bit in a short period of time :-)
Attached Images
  • #687
  • Nov 9, 2014 8:43pm Nov 9, 2014 8:43pm
Quoting srt
{quote} Good returns right now but based upon the record, the results could change quite a bit in a short period of time :-) {image} {image} {image}
Absolutely! With those settings it trades off of the 1 min chart and has the largest, most pliable SL of any of the settings I've tested so far. At any given point it typically has 40-60 open trades, (big TP) so when the markets get choppy I get unhappy.

The account running those EA settings is version 1.06/1.18, so many things have obviously changed, I'm just letting it run because my VPS is cheap lol.

Still working on ways to avoid the chop entries. Going to allow 5 beta testers to test the EA pretty soon. Check out the thread.
  • #688
  • Nov 9, 2014 8:49pm Nov 9, 2014 8:49pm
Quoting Shug
{quote} Absolutely! With those settings it trades off of the 1 min chart and has the largest, most pliable SL of any of the settings I've tested so far. At any given point it typically has 40-60 open trades, (big TP) so when the markets get choppy I get unhappy. The account running those EA settings is version 1.06/1.18, so many things have obviously changed, I'm just letting it run because my VPS is cheap lol. Still working on ways to avoid the chop entries. Going to allow 5 beta testers to test the EA pretty soon. Check out the thread.
Well, checked out the thread & got stuck @ "hedging" since we're being protected by our regulators in the US. I'm not willing to put $ with an offshore broker again as I've lost a large account @ Inovatrade so not again for me.
  • #689
  • Nov 9, 2014 8:51pm Nov 9, 2014 8:51pm
Quoting srt
{quote} Well, checked out the thread & got stuck @ "hedging" since we're being protected by our regulators in the US. I'm not willing to put $ with an offshore broker again as I've lost a large account @ Inovatrade so not again for me.

Ouch

Understandable though my friend
  • #690
  • Nov 10, 2014 10:29am Nov 10, 2014 10:29am
Quoting smash1820
Ullen, you could be the best counter-trend trader in the world, but you will still never be able to prove that the trend is your enemy. Perhaps you might be able to prove why counter-trend trading suits you, but to say that counter-trend trading is BETTER-SUITED and MORE PROFITABLE than trend trending for the majority of people is a sweeping generaliZation that is misplaced and, most importantly, NOT TRUE. Maybe you have never trend-traded before so you don't know how much money you can make by doing so??? Honestly, I don't know. But someone better...
smash1820
Who are you? Are you the FF administrator? Do you own FF? Who are you? The title of the thread is right, because his creator decided like that, and for sure has been approved for the FF administrators. So if "it is NOT in the interest of fellow Forex Factory members" like you said, why are you reading this? Actually the title is very attractive because go against the tradition.
Good luck.
  • #691
  • Edited 1:13am Nov 11, 2014 12:51am | Edited 1:13am
Quoting malejandrosf
smash1820 Who are you? Are you the FF administrator? Do you own FF? Who are you? The title of the thread is right, because his creator decided like that, and for sure has been approved for the FF administrators. So if "it is NOT in the interest of fellow Forex Factory members" like you said, why are you reading this? Actually the title is very attractive because go against the tradition. Good luck.
I am a trader and FF member that cares very much about this site, the members here, and the content/knowledge that is provided, and I get PISSED OFF when I see inaccurate or misinformation, especially when that is combined with an intent to mislead.

I have reported this thread to the FF admins and HOPEFULLY, they will decide what to do with this one.
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Please check out my blog at https://from-zero-to-hero . net
  • #692
  • Nov 11, 2014 1:26am Nov 11, 2014 1:26am
Quoting smash1820
{quote} I am a trader and FF member that cares very much about this site, the members here, and the content/knowledge that is provided, and I get PISSED OFF when I see inaccurate or misinformation, especially when that is combined with an intent to mislead. I have reported this thread to the FF admins and HOPEFULLY, they will decide what to do with this one. {image}
I like how you speak on everyones behalf. Just remember that your opinion isn't necessarily the right one.

But let's see what happens
Not about how much you win, but how much you loose
  • #693
  • Nov 11, 2014 1:36am Nov 11, 2014 1:36am
Smash is totally right , missleading name for beginners.

You are counter trend trading.. Trend cannot be enemy lol.

but anyway i dont see that big problem to make arguements.. He is free to put any name he wants smash
Neural Network Algorithm and Econophysics
  • #694
  • Nov 11, 2014 1:37am Nov 11, 2014 1:37am
Quoting smash1820
{quote} I am a trader and FF member that cares very much about this site, the members here, and the content/knowledge that is provided, and I get PISSED OFF when I see inaccurate or misinformation, especially when that is combined with an intent to mislead. I have reported this thread to the FF admins and HOPEFULLY, they will decide what to do with this one. {image}
The thread is in the journal section so stop whining. He can name his journal everything he wants. Leave zee kid alone and create your own thread with a non-"misleading" title please and stop polluting the thread.
  • #695
  • Nov 11, 2014 5:38am Nov 11, 2014 5:38am
Quoting smash1820
{quote} I am a trader and FF member that cares very much about this site, the members here, and the content/knowledge that is provided, and I get PISSED OFF when I see inaccurate or misinformation, especially when that is combined with an intent to mislead. I have reported this thread to the FF admins and HOPEFULLY, they will decide what to do with this one. {image}
Wow...

I think you should better leave this thread...thats an accusation which canīt be proofed.
Where are those mislead members? Its said many times now..this is just a journal.

Maybe you go into your "Charity" thread to gather "possible" future customers for when you get your "Holy grail ea" ready to sell..........
Got some more wisdom that you can share on your thread..charity
-Donīt be a pest on other peoples threads
- MM is important...
- Buy Low, Sell High.
- Patience is important
- The night is dark
- At night all cats are grey
- it ainīt over until the fat lady sings

need more inspiration for your trading wisdom, donīt be shy....just pm me
TWEE, revoke my membership.
  • #696
  • Nov 11, 2014 5:49am Nov 11, 2014 5:49am
Quoting Anusragger
{quote} The thread is in the journal section so stop whining. He can name his journal everything he wants. Leave zee kid alone and create your own thread with a non-"misleading" title please and stop polluting the thread.
Quoting Bartleby
{quote} Wow... I think you should better leave this thread...thats an accusation which canīt be proofed. Where are those mislead members? Its said many times now..this is just a journal. Maybe you go into your "Charity" thread to gather "possible" future customers for when you get your "Holy grail ea" ready to sell.......... Got some more wisdom that you can share on your thread..charity -Donīt be a pest on other peoples threads - MM is important... - Buy Low, Sell High. - Patience is important - The night is dark - At night all cats are grey -...
Not about how much you win, but how much you loose
  • #697
  • Nov 12, 2014 4:43am Nov 12, 2014 4:43am
Quoting smash1820
{quote} I am a trader and FF member that cares very much about this site, the members here, and the content/knowledge that is provided, and I get PISSED OFF when I see inaccurate or misinformation, especially when that is combined with an intent to mislead. I have reported this thread to the FF admins and HOPEFULLY, they will decide what to do with this one. {image}
Smash, you're being pathetic! This forum is about free opinions. And if Ullen thinks that the trend is his enemy, then so be it! In fact, if you're a counter trend trader in a way it is.
But that doesn't mean that newbie traders are fooled into bankrupcy because a "misleading" title makes them think: "hey, wait a minute, so now the trend isn't my friend anymore? Ok, then I'll close my longs and go short." What a nonsense!

If the (now former) thread title was misleading, what do we have to think about comments like this (random selection):
"Fibonacci will make you rich"
"Buy GBP, you'll always win"
"OOOOOhhh, Cable's gonna go up to 1.74"

Should they be censored as well?

Maybe the best would be to place an automatic warning footer below every post, like on cigarette packages.
Something like: "Newbie traders, watch out! The title of this thread and/or the content of this post can be totally or partially misleading and cost you all your money".
But traders should know this anyway. So why the fuss?
Be water, my friend
  • #698
  • Nov 14, 2014 9:46am Nov 14, 2014 9:46am
@Ullen
I sent you a PM some days ago, so I thought I would tell you here in case you did not see.
But, obviously, if you see it and that you prefer not to reply or just don't have much time I can understand too .

030985
  • #699
  • Nov 14, 2014 10:18am Nov 14, 2014 10:18am
Quoting spocktrader
{quote} Smash, you're being pathetic! This forum is about free opinions. And if Ullen thinks that the trend is his enemy, then so be it! In fact, if you're a counter trend trader in a way it is. But that doesn't mean that newbie traders are fooled into bankrupcy because a "misleading" title makes them think: "hey, wait a minute, so now the trend isn't my friend anymore? Ok, then I'll close my longs and go short." What a nonsense! If the (now former) thread title was misleading, what do we have to think about comments like this (random selection):...
Thank you. This makes me wan't to continue with the thread and give some examples how this can be traded!
Not about how much you win, but how much you loose
  • #700
  • Nov 14, 2014 11:47am Nov 14, 2014 11:47am
Quoting Ullen
{quote} Thank you. This makes me wan't to continue with the thread and give some examples how this can be traded!

Looking forward to any insights that you would be willing to share.!
Live today like theres no tomorrow-- Prioritize like you will die today
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