Are U on the other side of my position?

Shikamaroo

Shikamaroo

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Hey all. I trade all day and get hammered sometimes. I am starting to wonder how often ppl trading opposite to me are winning. Also, why are they trading opposite to me? I am going to identify the levels that I am entering short or long over the next week. If you're trading counter to me within a 20 pip difference tell me y and what time frame you're on. I'll be trading EU, EG and UJ. hope u have a great week. Beware, if you're long and i am short i wont be rooting for u! lol. Also, everything is a joke to me. ha ha ha laugh laugh giggle giggle. dont worry, i dont root for my trades either.
 
Not a bad idea. If you can find out why others are trading opposite you then you can certainly gain some insight. Keep an open mind.

Peter
 
nothing wrong with that trade. so far +30 pips. what are you hoping to gain from it? wat timeframe are you looking at?

Peter
 
Last edited:
2/3 off at 1.1907. I should also mention that I use a hard stop of 13 pips.
 
I am looking at a one min chart. Breakout level was identified on the H1 timeframe
 
all closed off now at 1.1896.
19 on the first 2/3 and 30 on the last 1/3.
So first trade was ok,and no one jumped in against me. hmmmm
 
Shikmaroo, on your EURGBP trade, you're trading straight into a round number 8300, and you're only 6 pips away when you entered. A lot of people will have traded against you. So although I don't think the trade was necessarily a bad one, I think you should be aware of that round number, and be aggressively trailing your stop up, so that if it doesn't go through the round number, you're taking a small loss. Up side before trouble is 6 pips, so risk reward is not great unless you're moving that stop up. All imho
 
Shakone said:
Shikmaroo, on your EURGBP trade, you're trading straight into a round number 8300, and you're only 6 pips away when you entered. A lot of people will have traded against you. So although I don't think the trade was necessarily a bad one, I think you should be aware of that round number, and be aggressively trailing your stop up, so that if it doesn't go through the round number, you're taking a small loss. Up side before trouble is 6 pips, so risk reward is not great unless you're moving that stop up. All imho
Click to expand...

I didn't check the charts, but must say my approach to trades is similar to Shakone's. I would prefer to go long only once that level is breached (and whatever time frame candle closes above it).
And I like the part about risk reward – sometimes everything may go my way, but if risk reward is no good I stay out.
 
Stopped out @ BE on last 1/3 on the euro.
Thanks for the insight Shakone, but i actually wait to see the break and then enter at a retest of the level not at the initial break so I never saw 1 pip profit on that EurGbp trade. I got a little blinded by the rate of change to think objectively.
 
Good thread Shikmaroo, I think it is very interesting to see why some trades don't work out so well, and who traded against them.
 
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