http://eliteeservices.net/blog/2015/11/06/ees-play-the-forex-fix-jpy-and-chf-pairs-range-bound/
Article on counter trend FX trading.
Article on counter trend FX trading.
The TREND is your friend.. The biggest lie ever!
- Thread starter MarketAddict
- Start date
Exactly. Thanks for the number of times you've repeated this.
Please start posting again.
===The TREND is your friend.. The biggest lie ever!===
imho it's not a lie, one just should not expect from a friend to make you money
also, most of the traders do not have definition of the trend, of those few who have most are incorrect... hence the problem of making money with the trends
imho it's not a lie, one just should not expect from a friend to make you money
also, most of the traders do not have definition of the trend, of those few who have most are incorrect... hence the problem of making money with the trends
I also miss her valuable insights. But, last November she said she no longer trades full time. She said she had "too many irons in the fire", which might explain why she has not been around recently.
-Al
[. ZE=4]===The TREND is your friend.. The biggest lie ever!===[/SIZE]
imho it's not a lie, one just should not expect from a friend to make you money
Not the point. The trend is your friend precisely because it does make you money.
What the OP is complaining about is something completely different. He says the trend is not his friend because it's not around 100% of the time. He's upset because the trend is not constantly at his beck and call, like some fantastical savings account with an APR of 20+%.
Ain't no cure for those living in the world of make-believe.
P.S. the solution to his problem is simple:
Trade the trend, avoid the chop.
Trade the trend = MAKE $
Avoid the chop = SAVE $
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The bottomline is that someone who wants to be a trend trader better have a great deal of patience...realistically, it's best to get positioned in that trend and stop watching it (for most)...I'd argue that it's the overwhelming urge to exit on any potential short term weakness(strength) that makes longer term trend trading extremely challenging.
It is the point !
money is made not by the trend , but by the trader
it is trader who decides when to enter the perceived trend, and were to exit it, those making the money (or loosing it)
and OP complaints are exactly about inability to capitalize on the trends
trends are there , its traders who can not make money on them, while waiting that the trend will make money for them (as you said )
NoDoji recently described herself as an Energy Consultant. I thought it was a joking reference to her preference for trading CL but perhaps she's managing billions or advising Exxon.
It wouldn't surprise me if she is.