OANDA Forex Forum

A history of transparency

OANDA hosts one of the longest-standing forex forums on the web. Since June 2000, our forum has given forex traders a vehicle for sharing views, airing grievances, and learning from each other. Membership in the OANDA Forex Forum comes with searchable access to diverse topic threads dating back to the very first forex forum posts.

Join in on the discussion with fellow OANDA traders by signing in with your existing fxTrade or fxTrade Practice account. If you don’t already have a forex trading account with OANDA, you can begin by registering for one today.


#1 Nov. 26, 2009 19:30:00

HolySpirit
Member
Member #12069
From: Heaven --
Registered: 2007-03-13
Posts: 1835
Reputation: +  0  -
Profile  

Trend Traders Corner

Just about when I was getting bored with the whipsaws the gods of forex whip it back in to place!

 -
 -
 -
 -
 -
 -
 -
 -


Do something different, why follow the losing 90%?

Offline

#2 Nov. 26, 2009 21:40:00

Sequitor
Member
Member #5645
From: 37°33'24"N 79°04'51&quo
Registered: 2005-04-18
Posts: 2083
Reputation: +  0  -
Profile  

Trend Traders Corner

It looks like Dubai may have triggered a carry unwind. Opportunity knocks once again.


Be careful of something that's just what you want it to be. Waylon Jennings
The more we want it to be true, the more careful we have to be. Carl Sagan

Offline

#3 Nov. 26, 2009 22:26:00

three_pushes_to_take
Member
Member #3829
Registered: 2004-04-29
Posts: 1018
Reputation: +  0  -
Profile  

Trend Traders Corner

It was in the charts.

Charts don't lie, people do [Smile]

Offline

#4 Nov. 27, 2009 02:04:00

Xaron
Member
Member #11493
From: Germany
Registered: 2007-01-10
Posts: 3529
Reputation: +  -1  -
Profile  

Trend Traders Corner

Afterwards it's always easy to spot, yes... [Big Grin]

Offline

#5 Nov. 27, 2009 02:08:00

three_pushes_to_take
Member
Member #3829
Registered: 2004-04-29
Posts: 1018
Reputation: +  0  -
Profile  

Trend Traders Corner

No, it's always been there. We just don't see it.

Offline

#6 Nov. 29, 2009 03:35:00

HolySpirit
Member
Member #12069
From: Heaven --
Registered: 2007-03-13
Posts: 1835
Reputation: +  0  -
Profile  

Trend Traders Corner

quote:
Originally posted by Xaron:
Afterwards it's always easy to spot, yes... [Big Grin]

yep, that's trend following! lol
It take at least 100 pips before you know what's happening either way.
And of course some days I don't login at all unless markets get volatile or change direction.


Do something different, why follow the losing 90%?

Offline

#7 Dec. 3, 2009 19:08:00

pilfer_fx
Member
Member #18193
From: Sydney
Registered: 2009-11-17
Posts: 41
Reputation: +  0  -
Profile  

Trend Traders Corner

Hi HolySpirit

What timeframe are you looking at for this trend? For AUD/JPY trend seems to be up on weekly and daily to the point where you shorted.

Not that there's anything wrong with trading counter trend in my opinion. I find divergences a good way to trade changes in trend, which can be sudden as your chart depicts.

 -

Offline

#8 Dec. 7, 2009 08:49:00

HolySpirit
Member
Member #12069
From: Heaven --
Registered: 2007-03-13
Posts: 1835
Reputation: +  0  -
Profile  

Trend Traders Corner

quote:
Originally posted by pilfer_fx:
Hi HolySpirit
What timeframe are you looking at for this trend? For AUD/JPY trend seems to be up on weekly and daily to the point where you shorted.

I use daily charts to determine my trend.
There are many way to determine the trend, and imo just about any trend trading system can be distilled down to 2/3 MAs crossing each other.
Not sure where your seeing the "uptrend" cause I see ema7 cross ema25 in downward direction.
How can this possibly be an "uptrend"?
AUD/JPY & GBP/JPY entry was actually 4 days late, but since it retraced upward, and I should've been short, I took a short position pretty close to the original short signal.
While I dont always use the MA's as entry signals, I did in all these cases. 5/7 the move was already underway, 2/7 turned out very close to the market turn.

Counter trend tradin is normally a case of "It went up to far, now it's going back down" or viceversa. It's also called "catching a falling knife".
But how much is too far?
The answer is you don't know.


Do something different, why follow the losing 90%?

Offline

#9 Dec. 7, 2009 21:14:00

pilfer_fx
Member
Member #18193
From: Sydney
Registered: 2009-11-17
Posts: 41
Reputation: +  0  -
Profile  

Trend Traders Corner

I guess I'm looking a bit longer timeframe. I was looking at a 12 month chart. Trend has been pretty solid up since Feb.

Offline

#10 Feb. 2, 2010 04:15:00

HolySpirit
Member
Member #12069
From: Heaven --
Registered: 2007-03-13
Posts: 1835
Reputation: +  0  -
Profile  

Trend Traders Corner

Been a few good trends since the last batch

 -


Do something different, why follow the losing 90%?

Offline

Board footer

Moderator control

Powered by DjangoBB

Loading nanoRep