So what you want to do is to find out the type of trader you are, by doing the opposite of what you’ve been trying to do, and observing your experience of it (and of course, the results). Just like how a fish doesn’t know it’s in water until it’s been taken out of it, you won’t know what your trading blind spots are until you try something dramatically different /04/16 · Another forex hedge is where you trade the opposite of your initial trade, without closing the initial trade. Traders use this type of hedge to make money with the second trade. They do that by keeping the first trade open and when the market moves against it, the second trade makes a profit /05/11 · I've tried trading the Forex market. 99% of the trades go the opposite of the trade I make. The odds are extreme if this is coincidence. The stock either goes up,
Forex Trading Experiment: What If You Did the Opposite? - Pip Mavens
But theory and practice often diverge, forex do the opposite in the unpredictable world of trading. There is no one best way to be trading, as everyone responds differently to each trading approach.
Some are trend trader and some reversal trader. I tried a forex do the opposite of systems, spend alot of time and lost some money on diff. useless systems. I found my way after a lot of backtesting and stupid mistakes. And there I make plus trades a day, which is enough for me. And then a use a boost system with tight stop loss, easy to get between pips a day on hours work. And then I use the techniques from your easy candlestick. Special anchor candles and bullish shaven candles works out fine.
Love your posts Chris, very refreshing! The cool thing about trading is that there is no way to avoid self development to succeed. Thanks a lot! Yes… exactly! If you work on living a better life, your trading improves… and if you work on improving your trading, your life improves. Hi Chris, love the lateral ideas that you put forward, that make traders think and not be formuliac. I have tried various methods, and find that taking a small profit on trades seems to get me the best results, forex do the opposite.
It seems that the best way to a large gain is in very small steps and regularly. Also it seems that markets always turn around so with a large enough fund invested conservitevly you can ride an adverse movement out. And I have stopped listemnuig to advicebut just follow my own insticts. Advice seems to just cloud the issue. Glad you like this post, forex do the opposite.
Thanks for your most valuable lesson. The moment you let your mind influence your trading you lose. The currency market, being a zero sum market, has specific pip perfect price objectives to reach based upon the equilibrium shift.
We plot these objectives and then let the market run its course. When the losers can lose more than the winners gain brokerage fees asideit is not a zero sum game. I have been teaching folks to trade Forex for over five years now leaving a trail of wealthy people behind. Zero sum aside, it is just a mute point, I am not sure what you disagree with. In the last 9 days trading I have made 69 trades, 12 losses and 56 wins for a return of We have to know a lot of stuff to be able to plot charts and I see very few so called professionals who can do it, not their fault they just had bad teachers and so the merry-go-round continues with bad teaching bad making things badder.
For examples candle charts are just a gimmick, this is dark age stuff. Plot the chart, setup the trade and walk away. Thinking till the head hurts is not going to change the outcome at all. That was the reason I mentioned that the market is not zero sum. Also, without sounding too disagreeable I would have to say that I DO think that candlesticks can give reliable signals. These are just some of my own observations, forex do the opposite.
I am sure there are many other ways to be trading, much of which I am unacquainted with. The way I look at it, we should just stick with whatever works for us, as long as we understand why it does. The candlesticks is where the LIGHT OF FOREX IS.
God bless you. You are a gift to our generation. Notify me of follow-up comments forex do the opposite email. Notify me of new posts by email. I mean sure, they make sense conceptually. Perhaps then, it is time to start questioning the validity of such conventional trading wisdom.
Instead of letting your profits run, try setting conservative profit targets. Instead of a risk-reward ratio oftry … or even less! If Your Tests Made Money If you end up making a profit from your tests, you could be on to something. Valuable lessons can be learned there. What could that mean? What does that suggest about your trading? Forex do the opposite, some valuable insights can be gained here. Different Strokes For Different Folks There is no one best way to be trading, as everyone responds differently to each trading approach.
March 11th, Philosophy 18 Comments. Kristian Klastrup August 4, forex do the opposite, at pm - Reply. Keep in touch. Cheers Kris. Chris August 4, at pm - Reply. Georges August 4, at pm - Reply, forex do the opposite. Chris August 5, forex do the opposite, at am - Reply.
Graham August 5, at am - Reply. Advice seems to just cloud the issue keep up the good work. subrata chakraborty August 5, at pm - Reply. Chris August 6, forex do the opposite, at am - Reply.
susanto August 13, at am - Reply. Hi Christ, Thanks for sharing. Chris August 14, at am - Reply. Alan September 24, at am - Reply. This is not my blog site so it would be rude of me to explain more. Chris September 24, at am - Reply. Alan September 25, at am - Reply.
Hi Chris I have been teaching folks to trade Forex for over five years now leaving a trail of wealthy people behind. Chris September 25, at pm - Reply. Paul December 11, at pm - Reply. Chris December 12, at pm - Reply. Hey Paul, glad you liked Candlesticks Made Easy and thanks for the support! I am curious about the comments on your candlesticks, where do I find more on this subject?
Chris Lee March 3, at pm - Reply. Leave A Comment Cancel reply Comment. Forex do the opposite to Top.
Why does the market always go the opposite direction to my trade?” with FX Coach Andrew Mitchem
, time: 4:53Do the Opposite - Contrarian Thinking in Technical Analysis | FXOpen Forex Blog
So what you want to do is to find out the type of trader you are, by doing the opposite of what you’ve been trying to do, and observing your experience of it (and of course, the results). Just like how a fish doesn’t know it’s in water until it’s been taken out of it, you won’t know what your trading blind spots are until you try something dramatically different /04/16 · Another forex hedge is where you trade the opposite of your initial trade, without closing the initial trade. Traders use this type of hedge to make money with the second trade. They do that by keeping the first trade open and when the market moves against it, the second trade makes a profit /05/11 · I've tried trading the Forex market. 99% of the trades go the opposite of the trade I make. The odds are extreme if this is coincidence. The stock either goes up,
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