About a week or so ago the pound closed above it's highs from the first quarter of the year. Donchian 20/55 day systems aren't so good these days but when a market closes above 100 day highs and more and says there it's a sign of a major trend. So I ...

Why are most retail traders usually on the wrong side of the market?

I appreciate all the replies but it’s the wrong side of the market I’m really interested in understanding. Most newbie traders would grasp the concept that there is a larger, long-term underlying trend and it’s wise to only be trading in the same ...

Why are most retail traders usually on the wrong side of the market?

I sounds like it has a fairly sound foundation. The trend is more likely to continue than reverse. And you add more positions as the market goes your way. I would question if increasing the size of the lots was such a good idea - the trend will ...

My Renko System Discussion

Damn, I was hoping he/she could explain how the big boys fool us, because that would help explain why most traders lost and how we could avoid being one of them. Personally, I think the large traders and institutions determine the way the market is ...

Why are most retail traders usually on the wrong side of the market?

This is interesting, but can you explain how the big boys try and fool everyone else? Thanks.

Why are most retail traders usually on the wrong side of the market?

Thanks, very informative. There's probably even more of that going on now, certainly more small players to take money off now anyway!

Why are most retail traders usually on the wrong side of the market?

If you've got it in a format I can use and you're willing to share the data with me triphop I'm willing to share the results of any tests I perform on it? I'll totally understand if you don't want to though.

Why are most retail traders usually on the wrong side of the market?

The 2nd link he gave you is particularly good on the EURUSD, probably because lots of traders trade it so the values on their books is more likely to be a representative sample. It's amazing, retail FX have been net short on the EURUSD for around a ...

Why are most retail traders usually on the wrong side of the market?

Almost all trades are in profit at sometime. And a trader can be 'right' and lose due to bad money management, or because of any of all the other reasons retail traders fail, but there is a lot more to it than that. There is generally a long(ish) ...

Why are most retail traders usually on the wrong side of the market?

Thanks. As a GENERAL rule though, the crowed is (usually) wrong, it's only at turning points when both the big players who actually move the markets AND the crowed are playing the same direction that the crowed is right. Then the crowed usually seem ...

Why are most retail traders usually on the wrong side of the market?

So, during an uptrend the market will have to fall, stall or do whatever else it takes to trick the minority into going short before the market movers can come in, take the otherside of these traders and make the trend continue?

Why are most retail traders usually on the wrong side of the market?

Thanks for your reply. However, I don't think it can be the full picture. I mean, if retail forex traders simply just ignored the longer term trend then I would expect to see 50/50 and the losses coming through other things like bad risk management ...

Why are most retail traders usually on the wrong side of the market?

I certainly see threads where I think 'gee, you gotta a lot to learn' but I doubt very much that anyone has learnt all there is to learn. If you think you know all there is to know about Forex, might I (politely) suggest to you that you probably ...

I've hit a wall

Yes it has, the debt of banks (private debt) has been transferred to the debt of countries (sovereign debt) which under the rules of our current financial system is where the buck stops. We didn't get rid of the bad debt last year, we just ...

Perfect Head&Shoulder in Dow >> Massive Crash Again

The Royal Bank Of Scotland is telling it's clients to prepare for 'monster money printing' by the US Federal Reserve. url I've been reading this thread with interest for a while now. My 2 cents. There is a large head and shoulders on the Dow. A ...

Perfect Head&Shoulder in Dow >> Massive Crash Again

Hi there, Sorry I haven't been on this thread for a while. I don't like to start threads and leave them, I just got called away on business at the last minute and couldn't help it. Anyway soso, I agree that your extra conditions make the candles ...

Candlestick Analysis - Do You Use It?

Thanks, I'll check it out.

Candlestick Analysis - Do You Use It?

There were no other parameters in this test, but a trading system would need other factors. Whenever a daily candle appeared that met the criteria we entered in the direction the candle implied and exited after 5 days. For example, in the case of ...

Candlestick Analysis - Do You Use It?

Really, hammers and engulfing formations was what I tested. I'd never trade just because of the shape of a single candle, but if these patterns had any merit then an 'edge' should be detected, providing you can define them mathematically, and you ...

Candlestick Analysis - Do You Use It?