Forex opposite trading

Forex opposite trading

Forex Trading Experiment: What If You Did the Opposite? - Pip Mavens. By now, you've probably heard about most, if not all of these trading tips: Always trade with the trend Let your profits run Psychology/Discipline is more important than strategy Only take trades with a risk-reward ratio of at least In my opinion, the reason these "tips" are The Best Forex Trading Strategies That Work In 12/16/ · Experienced, contrarian traders are like patient snipers, waiting to pick-off the enemy when the confluence of events come together and the chart looks ripe for the picking. You see, professional traders are looking to take advantage of the herd, just as a pack of lions tries to find the weakness in a herd of zebras. This is where terms like “fading strength” or “fading weakness” come from, or “selling Estimated Reading Time: 8 mins

Forex Trading Experiment: What If You Did the Opposite? - Pip Mavens

But theory and practice often diverge, especially 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 lot 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. Forex opposite trading 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! Forex opposite trading 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. It forex opposite trading 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 opposite trading. 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 asideforex opposite trading, it is not a zero sum game. I have been teaching folks to trade Forex for over forex opposite trading years now leaving a trail of wealthy people behind. Zero sum aside, it is just a mute point, forex opposite trading, 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, forex opposite trading.

For examples candle charts are just a gimmick, this is dark age stuff. Plot the chart, setup the trade and forex opposite trading 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 forex opposite trading candlesticks can give reliable signals. These are just some of my own observations. 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, forex opposite trading. God bless you. You are a gift to our generation, forex opposite trading. Notify me of follow-up comments by 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 forex opposite 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? Again, 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 opposite trading pm - Reply. Keep in touch. Cheers Kris. Chris August 4, at pm - Reply.

Georges August 4, at pm - Reply. Chris August 5, 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, at am - Reply, forex opposite trading.

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, forex opposite trading. 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, forex opposite trading, at pm - Reply. Forex opposite trading A Comment Cancel reply Comment. Go to Top.

How to use Currency Correlation CORRECTLY (tools and live examples) - FOREX

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Taking the Opposite Trade | Forex Forum by Myfxbook

Forex Trading Experiment: What If You Did the Opposite? - Pip Mavens. By now, you've probably heard about most, if not all of these trading tips: Always trade with the trend Let your profits run Psychology/Discipline is more important than strategy Only take trades with a risk-reward ratio of at least In my opinion, the reason these "tips" are 6/3/ · Opposite trading can be beneficial only if one bet can cover the spreads of the 2 bets, and further, make a profit. I.e. it has to be combined with technical analysis in order to correctly decide stop losses and limits. This is just one of many prerequisites of Estimated Reading Time: 8 mins 6/15/ · Taking the opposite trade is the 'BEST WAY TO TRADE'. For one simple reason. No indicator, or forex guru can predict the price action which is to come. So all though your system or someones recommendation may work at first. Playing the reversal simply means your going with the price action. Not against it