[autofx]

I agree with you on a number of things, buff, including this.
You're more polite than I am, though.

I guess I shouldn't stomp around the threads and chastise
traders for countertrend daytrading. It's their business.

What bothers me a little is when I see someone who appears
to be a new trader paying attention to some self-appointed
guru, and the guru is recommending trades against a very
obvious trend, especially when the guru in question has
been severely critical of others for directional bias and
other things.

As you know, the systems you're tracking on your thread
will at times trade against the trend in stop-and-reverse
situations, so maybe I shouldn't talk. I will point out
that the reasons for doing so are entirely different than
declaring tops and bottoms and recommending trades
accordingly.

The other thing that's chafing me right now is being accused
of trading in a reactionary way as if it's a bad thing. Actually, it's
a compliment, because I do so very intentionally.

We all react to SOMETHING when take our next trading action,
even if we tell ourselves we're being proactive.

The question is, have we chosen well what to react to and
how to react to it.

[MickMason]

Originally posted by autofx


The other thing that's chafing me right now is being accused
of trading in a reactionary way as if it's a bad thing. Actually, it's
a compliment, because I do so very intentionally.

We all react to SOMETHING when take our next trading action,
even if we tell ourselves we're being proactive.

The question is, have we chosen well what to react to and
how to react to it.

I'd be very surprised if this forum is host to any proactive traders, it takes more than a couple of trades for a few million to move these markets, ask the BOJ! If only it were that easy, we'd all be multi-millionaires in no time.

I guess there will always be some people who delude themselves by thinking they were somehow responsible for a move they traded, in reality we're all just little fish swimming in the wake of the mammoth sharks with their gigantic jaws wide open ready to swallow anything in their path. I know which end of the shark I'd rather be looking at!

Mick

[autofx]

Well said, Mick.

When I talk with people about my adventures in fx, I
characterize myself as a microbe riding on the backs of fleas
that are on the backs of bulls or bears.

Which, in terms of my trading capital in relation to the big
money that's changing hands, is about right.