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General Forex Discussion
Trend trading is a hindsight forex illusion
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[QUOTE="new digital, post: 149752, member: 55113"] THE TREND IS YOUR FRIEND UNTIL THE END WHEN IT BENDS.This is true , if market trends 80 % of the time, but if it gets choppy 80 % of the time and trend traders lose 80 % of the time , then the illusive trend is not your friend [B]Trends are only visible in hindsight .Most trend traders lose money in chop , when breakouts become consolidation zones.There are more trend failures than trends materializing , most traders lose money trying to find the illusive trends.[/B] [B][I]most traders lose money trying to find the illusive trends.[/I][/B] If so then most traders are doing it wrong, they should be breaking even on a failed trend trade or at the very most losing a very very small amount. And they should not be "trying to find the illusive trend" they should have already found it.It is not possible to lose a very little without getting into an emotional disorder By the time you see a intraday trend opportunity ,it is reversing.Market is too efficient to offer a free trend trading lunch. We can also discuss great trend traders like famous turtle trader , who eventually lost millions from trend trading and was eventually sued.The marketers hype up trend trading , but they never talk the truth and reality of trend trading failures , people like covel who don't trade for a living , but write books and sell seminars i.e their only source of income.They learn trend trading from books.We can talk about trend trading failures go who into hiding , after losing on trend trades . great trend traders like famous turtle trader Dennis managed pools of capital for others in the markets for a while, but withdrew from such management in the spring of 1988 after his clients suffered heavy losses. In the [URL='https://en.wikipedia.org/wiki/Black_Monday_(1987)']Black Monday[/URL] stock market crash of 1987, he reportedly lost $10 million,[URL='https://en.wikipedia.org/wiki/Richard_Dennis#cite_note-NYtimes3-8'][8][/URL] with a total of $50 million reportedly lost in 1987–1988.[URL='https://en.wikipedia.org/wiki/Richard_Dennis#cite_note-time1-2'][2][/URL] In 1990 his firm settled investor complaints of his failure to follow his own rules, for over $2.5 million, without admitting or denying any wrongdoing.[URL='https://en.wikipedia.org/wiki/Richard_Dennis#cite_note-NYtimes4-9'][9][/URL] He also managed funds for some time in the mid and late 1990s, closing these operations after losses in the summer of 2000. [URL]https://en.wikipedia.org/wiki/Richard_Dennis[/URL] We can also talk about the patterns of trend traders, who stop singing about trend trading , in ranging choppy markets, when their trends are failing into ranges. 80 % fail at trend trading the forex , forex is least suitable for trend trading, yet new traders fall into illusions of trend trading, with the hype of trend trading.We can discuss this , why they are influenced into forex trend trading , when it rarely trends. This is also about trend trading strategies of forex traders, commodity traders, crypto currency trend traders who are just merely singing about trend trading yet their methods are unknown. There are 1,000 trend trading systems on forums designed by amateurs and learners, 95 to 98 % of them fail by using amateur systems . All these charlatans are creating 3,000 trend trading indicators from one simple moving average on mql5 site , yet there is only one trend, a car only has one indicator, you only need one indicator.[B]A car only needs one indicator, does a car have 3,000 indicators?Only charlatans make 3,000 indicators and sell them.I can show you hundreds of indicators made from a simple moving average, they are useless.[/B] The charlatans pretending to trend trade are mere broker's stooges, trying to promote broker's trend trading income. [MEDIA=youtube]Y1OgZvJ_zU0[/MEDIA] [SIZE=6][B]Anton Kreil Annihilates Retail forex Brokers and "forex Trading Educators"[/B] [B][MEDIA=youtube]L7G0OfJUON8[/MEDIA][/B] [/SIZE] [/QUOTE]
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