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oilfxpro
Registered: Oct 2007
Posts: 1600 |
10-28-12 03:21 PM
Why 80% fail at using a trend following technique to trade the forex
http://www.youtube.com/watch?v=QOiJYUQJUH0
There are fundamental reasons why trend trading does not work everyday on currencies , this is simply because there are no major changes in currency price drivers on a daily basis i.e interest rates changes and changes in economies on a daily basis.
Herebelow are examples of several trend failures/fakes , before eventually a trend materialists.
These trends don't materialize on a daily basis in day trading .
http://www.elitetrader.com/vb/showt...threadid=218977
http://www.elitetrader.com/vb/showt...threadid=220746
Trend trading is the most profitable type of trading , offering highest risk reward trades.How do you differentiate between the real trends and fakes , and avoid false breakouts?Most of the time , what is made from trend trading is lost in fakes and trend failures. except when trends continue for days,weeks and months in one direction.
My point with this thread was to see an unbiased (from vendors and internet marketeers) and subjective discussion on trend trading.
80 % of the time the market ranges and 80 % of one minute trends fail.
 80 % of trends fail.jpg
This has been downloaded 249 time(s).
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Lucrum
Registered: Dec 2003
Posts: 31414 |
10-28-12 03:49 PM
I haven't seen any recent stats. But over the years the consensus seemed to be that most markets are only trending between 15% and 30% of the time to begin with.
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colonial dr
Registered: Aug 2012
Posts: 294 |
10-28-12 05:08 PM
Where did that 80 % come from? Did you make it up or hear it from another "trader" here?
No wonder you cannot day trade.
You still have not explained why so many people on Wall Street are rich, and why I am rich. I guess your reason is still that they are in sky scrappers, and you are in a basement. I'm sure that does affect your trading.
You have personality problems that need to be cured before you attempt trading again. I hope I am helpful.
mike
Quote from oilfxpro:
Why 80% fail at using a trend following technique to trade the forex
http://www.youtube.com/watch?v=QOiJYUQJUH0
There are fundamental reasons why trend trading does not work everyday on currencies , this is simply because there are no major changes in currency price drivers on a daily basis i.e interest rates changes and changes in economies on a daily basis.
Herebelow are examples of several trend failures/fakes , before eventually a trend materialists.
These trends don't materialize on a daily basis in day trading .
http://www.elitetrader.com/vb/showt...threadid=218977
http://www.elitetrader.com/vb/showt...threadid=220746
Trend trading is the most profitable type of trading , offering highest risk reward trades.How do you differentiate between the real trends and fakes , and avoid false breakouts?Most of the time , what is made from trend trading is lost in fakes and trend failures. except when trends continue for days,weeks and months in one direction.
My point with this thread was to see an unbiased (from vendors and internet marketeers) and subjective discussion on trend trading.
80 % of the time the market ranges and 80 % of one minute trends fail.
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oilfxpro
Registered: Oct 2007
Posts: 1600 |
10-28-12 06:37 PM
Quote from colonial dr:
Where did that 80 % come from? Did you make it up or hear it from another "trader" here?
No wonder you cannot day trade.
You still have not explained why so many people on Wall Street are rich, and why I am rich. I guess your reason is still that they are in sky scrappers, and you are in a basement. I'm sure that does affect your trading.
You have personality problems that need to be cured before you attempt trading again. I hope I am helpful.
mike
Waiting for the rest of E T rebuttal team to knock subjective discussions .....and input more crap into discussions of a serious nature.
Why don't you start another positive thread with B S?
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