the eminis are a real traders trading vehicle . forex is for loosers there is NO intraday GAMING of forex 
EUR/USD to 1.55!!!
- Thread starter OddTrader
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Quote from killthesunshine:
the eminis are a real traders trading vehicle . forex is for loosers there is NO intraday GAMING of forex
forex is for trading gods.
oh yes if going up go long.
if down, short.
how is that "trading"
it trends way beyond all reason, it's a joke
FADING is what TRADERS are all about
if i can't fade it it's an irrational joke
i'll bet it was a real exciting day trading
Quote from killthesunshine:
oh yes if going up go long.
if down, short.
how is that "trading"
it trends way beyond all reason, it's a joke
FADING is what TRADERS are all about
if i can't fade it it's an irrational joke
The approach of this fairly simple system for those trades below is a fading one (i.e. long when trending up, and short when trending down), to trade against the trend. I think basically almost every trader with fading methods would be probably able to generate the similar directional signals.
A problem of this kind of trend fading systems is trading merely according to only these directional signals could hardly make much profits, if any. And its down- downs relatively, as for most trend fading systems, can be fairly significant, if without proper control or management of its trades.
However, the potential profits from this system would be produced mainly by some other non-directional signals including its position sizing (i.e. trend strength), money management (i.e. reducing size when losing money), risk management (i.e. stop loss), order management (i.e. adding size), and trade management (i.e. scaling in) of each trade.
One major good thing of a fading system is it can be a very good hedge for some trend following systems. And luckily, it would still make some profits, as it is originally designed for these primary aims.
that's a month's investing that ain't trading
Quote from killthesunshine:
that's a month's investing that ain't trading
Good comment! However, that's not exactly the case.
For a monthly investing system, you don't do any weekly micro-managing regularly on the trades at all, basically.
For this weekly fading system, several micro-managing decisions/ actions, as mentioned before, are to be made on weekly basis, in order to make the system profitable in long-run (+20%pa), with a fairly very conservative small leverage actually applied.
Here are some monthly data generated by this weekly system with weekly decisions, resulting seven consecutive losing months (accumulative loss -10%) in last year; that was a -5.6% yearly at the end of 2007.
Apr07: -0.1%
May07: -0.1%
jun07: -1.3%
jul07: -2.6%
Aug07: -1.6%
Sept07: -4.1%
Oct07: -0.2%
Yearly +23.9% for 2006 (only for 10 months, Mar06-Dec06);
-5.6% for 2007;
+42.1% for 2008; and
YTD +14.3% for 2009 (only for 4 months, Jan09-Apr09). No doubt May09 will be certainly a losing month.
real traders don't bother with forex. you don't 'trade' forex you "invest" for the month
real traders trade index futures.
real traders trade index futures.