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I watch the SSO because it seems to exaggerate the differences in volume. And this almost amazes me. It seems today for example was there was really small volume for a huge up day. Even though I'm inclined to think the markets will go up when good news about Greece comes out, I have doubts...

In some ways I think the difficulty of using a trend following strategy during a trend may depend on the size of the stops and profit targets that you use. However, what I've seen in the last decline of the EUR/JPY is that the narrow range retracements would have resulted in you getting stopped...

My favorite book is Forex Patterns and Probabilities by Ed Ponsi. It's taken me a lot of experiences to get to a point where I narrowed down my preferences like do I want to use a trend following strategy or contrarian or individual stocks or indices or which time frame, blah, blah, blah.

Please check your private messages. I modified your chart and sent you copy.

LOL, this reminds me of a message I read on a stickam chat room once. Someone said something along the lines of: "I will speak in an educational tone and you will not be able to comprehend my language.". Haha, I laughed real hard at that. For some unknown reason, the female host of the chat...

Well, the risk/reward ratio some of you are assuming was not as favorable as you would suspect. However, doing the opposite does not imply the need for using the same risk/reward ratio in reverse partly because many of my trades did not even come close to my profit target. This means I could...

ROFLMAO! I just made some drawings to try to understand what the hell I'd be doing if I'd do the opposite. And it actually makes sense.:eek:

You'd have to tell me what that's all about. One of the things I'd need to know is the maximum number of consecutive losses I could expect. I use Metatrader4 with FX Open and a weird program called Classic FX with FX Club.

Jack Hershey, thanks for reminding me of trendlines. Well, I just looked at a bunch of SSO (S&P 500) screenshots and EUR/JPY screenshots. It looks like a mixed bag as to how well it would work. But, I've seen lots of situations where it could have worked. One example is when you see the...

I've just found an easy way to describe it. This strategy would be like instead of trading a moving average crossover, it would be to trade the slow stochastics in a shorter time frame. So, I disagree with the idea that it wouldn't work simply because "it's not logical". I wouldn't expect...

Well, if you're implying the banks will pay attention to what market makers in Forex are doing and simply fade every move of the small retail player only making up a maximum of 4% of Forex volume, then I could do one trade in one account and the opposite in another account. I have two Forex...

It wouldn't matter because that was just one example.

I mean get a signal a while after. Regarding news, I could be waiting for hours and hours for a signal and if one occurs right ahead of news, I can't do anything about it. To give you an idea of the entry point, let's say two moving averages cross each other then I get in. Anyway, when...

I'll give you an example of something I've seen with my method countless times. Let's say news is coming out at 8:30AM. And the price has gone up some before 8AM (or 7:45AM, whatever) and then the price starts dipping right before the news making your indicators point to a short signal. You...

Well, you're never going to believe this. But, I've read 37 books on trading, watched 24 videos on trading, worked as a day trader for 3 months, worked on developing my method for 18 months and feel like this is the twilight zone. I kind of don't want to totally give the idea away even...

It's a method to participate in a change of direction in the EUR/JPY to capture large waves. Like if I wave made like a U, it wouldn't be to get in at the bottom of the U, but right when it starts to go back up again. One thing I did do however, is to look at 60 potential trades on...

Has anyone here thought about doing the exact opposite of a trading strategy that just seems to totally BOMB!? I mean, in the last 30 trades, I've had like 27 losses. It's stupendous. Now, I just realized I could possibly just DO THE OPPOSITE and own the world in 4 months. What do you think?

Well, my thinking was that if there was significant positive news from the EU meeting, that the EUR/JPY would rally. But, yeah, I'm not a fundamentalist. I'm a little stunned at the lack of anything concrete coming out in the news today.

Uh, I stayed up until 4 o'clock in the morning for nothing. I suspected some SIGNIFICANT news was coming out for Greece. Instead, they announced the IMF would offer their expertise, not money on how they could solve their financial crisis. I got out of my long then went to bed. I was so...

What kind of ideas are you talking about? I'm still working on developing a method that sort of ressembles the Oliver Velez swing trading style although my entry points would be different. Well, my profit targets and stops would be different as well. I'm still working on those. After...