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Old 06-08-2007, 08:30 AM
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Wink
Quote:
Originally Posted by trevman
look how many people shorted when the EUR/USD went long
http://www.dailyfx.com/story/tophead...229110621.html
YouŽre on the way of the 5%. I donŽt use FXCM charts I use OandaŽs

Did you notice yesterday in eur and cable and correlated currencies everybody and their mamas were long......?

Trade against the crowd and youŽll be happy man. Notice I didnŽt say trade against the price. You have to trade against the sentiment and then youŽll see youŽll be always with the trend....
Last edited by Tragapips; 06-08-2007 at 08:36 AM.
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Old 06-11-2007, 06:18 AM
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Quote:
Originally Posted by Tragapips
YouŽre on the way of the 5%. I donŽt use FXCM charts I use OandaŽs

Did you notice yesterday in eur and cable and correlated currencies everybody and their mamas were long......?

Trade against the crowd and youŽll be happy man. Notice I didnŽt say trade against the price. You have to trade against the sentiment and then youŽll see youŽll be always with the trend....
Shhhh..!! That is suppose to be a secret..!! lol...

The sad part is, if brokers "really" off-set positions the way that they are suppose to, then only part of "the crowd" could get filled and lower the 95% losing average... Could you imagine if bucket shops could do the same thing with equites..!? haha.... Gotta love forex...
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Old 06-11-2007, 06:49 AM
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Why 95% of traders fail..
because 95% of traders are greed and forget to manage their risk

Pj
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You said "why?".. I said "why not?!"
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