How do you trade in a bear market
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Membre depuis Jul 03, 2012 186 messages
TheLastBear
Jul 09 2012 at 10:31
Hi Bruce, I agree with your first sentence. Unless you do not have fun, regardless of activity, you are wasting your life away chasing certain things but never truly enjoying it. I am not a fan of robots, but it all comes down to preference and what you are willing to accept as an overall successful trading strategy.
At least you are not one of those who thinks he is an overnight FX Pro and operate very reasonable. I have a question since you like robots and out of curiosity, no need to answer if you do not feel comfortable doing so: Would you willing to hand over a portion of your funds to an investment manager or do you just prefer robots? Pax puts the X in Forex. |
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Membre depuis Jun 23, 2012 55 messages
skyjack777
Jul 09 2012 at 13:23
Hi The Last Bear,
Handing over a portion of my funds to an investment manager both for the bear and bullish markets would be my best option, in the short term (1 year) would be interesting. I will NEVER be too much improved then where I will be in 3 months. I love the robots because I can see things happening and think it's fine. To be involved at some level is great. I need to be hands on involved, as long as I accept where I'm at I'm fine. Bruce |
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Membre depuis Jul 03, 2012 186 messages
TheLastBear
Jul 10 2012 at 09:51
Sounds very reasonable Bruce. I think your last statement hit nail on the head. As long as you accept where you are and you are happy you are doing a good job.
Pax puts the X in Forex. |
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Membre depuis Jun 23, 2012 55 messages
skyjack777
Jul 10 2012 at 12:52
After big days working I enjoy trying hard in something different.
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Membre depuis Jul 03, 2012 186 messages
TheLastBear
Jul 11 2012 at 09:29
Always expanding your horizon :)
Pax puts the X in Forex. |
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Membre depuis Jan 14, 2010 554 messages
James_Bond
Jul 11 2012 at 10:21
I prefer trading a bear market by re-entering on pullbacks and exiting once trend resumes. I avoid going against the trend (I decide on a trends direction by looking at my current and one level higher timeframe).
In the above way you don't really need to have any indicators nor be accurate with your entries/exists as there is quite much margin for error and you can still be profitable. |
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Membre depuis Jul 03, 2012 186 messages
TheLastBear
Jul 12 2012 at 09:03
Did you mean you re-enter on rallies? I may have misunderstood you, but you said you do not like to trade against the trend and since a bear market is a downtrend I thought you meant you enter on rallies and cash out once the downtrend resumes. I may be wrong...
Pax puts the X in Forex. |
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Membre depuis Jan 14, 2010 554 messages
James_Bond
Jul 12 2012 at 11:54
(édité à Jul 12 2012 at 11:55 )
TheLastBear posted: Did you mean you re-enter on rallies? I may have misunderstood you, but you said you do not like to trade against the trend and since a bear market is a downtrend I thought you meant you enter on rallies and cash out once the downtrend resumes. I may be wrong... Does a pullback means going against the trend? On Investopedia it says that a pullback is: 'A falling back of a price from its peak. This type of price movement might be seen as a brief reversal of the prevailing upward trend, signaling a slight pause in upward momentum.' While a Rally is: 'A period of sustained increases in the prices of stocks, bonds or indexes. This type of price movement can happen during either a bull or a bear market, when it is known as either a bull market rally or a bear market rally, respectively'. The way I see it, if you have a rally and a pullback and the trend continues, in a pullback you enter much earlier as a rally is already a continuation of the trend. Please correct me if I'm wrong . |
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Membre depuis Jun 23, 2012 55 messages
skyjack777
Jul 12 2012 at 19:30
Thanks James-Bond. I workout what a pullback is then check out what your saying. Over the next week I,m looking at a few different angles. Today I gone to work leaving three pending orders. I'll try to spent some time on the 4 hour charts and start slowing down a little.
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Membre depuis Jul 03, 2012 186 messages
TheLastBear
Jul 13 2012 at 09:56
Alright, so you do trade bear market rallies as far as I understand from your statement and therefore do trade against a trend. I mean as far as I understand what you are saying is that you enter during pullbacks in a bear market. Trading with the trend would have you wait for a bear-market rally, then enter your shorts and profit as the downtrend resumes. Please do correct me if we are still not on the same page. Either way we have a discussion :)
Pax puts the X in Forex. |
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