Thread: Trading Against Yourself Stragegy TAYS

This very first post #1 will probably be changed frequently to reflect the current condition of principles etc for this particular thread so new people can be up with the times simply by reading this informative article.

Throughout my studies in the couple of years I've become a trader, such as many of you I've tried several distinct ways and styles of trading. It's been my experience that most of the time when I enter a transaction, price goes contrary to my place if not right away then soon after before it turns back around and heads in the first planned direction. Although I've had and do have any success with experts as my bread and butter trading tools I've always wished to be able to trade successfully with the manual process; consequently, TAYS the Trading Yourself Stragegy or to set it in a better way, Trade What You DON'T See.

Because of this trading metric, though it may very well be the norm for the majority of traders most of the time, I decided to try something a bit different. So I took a number of the standard indiors, put together a very simple trading plan but when it came time to pulling the trigger, rather than clicking the buy for buy and sell for sale, I decided to attempt and click the contrary box instead.

Quite simply, if it were a buy signal I Had click the market box and visa versa. In my amazement I finally began manually trading rather successfully. The trick to this as if I need to tell you is how the mind reacts to this type of twisted thinking, it could be more difficult than you may imagine initially but on the other hand it's quite fun and gives a gaming flavor to trading so much as I have observed to this point.

Because of this, I was considering taking a demo or just a nano account (since at least this would be live) and experiment reside here onforexintuitivewith you intelligent people employing this egy.

Therefore my questions before I choose to begin is this are:
1. Is there some interest in this type of trading experiment.

2. Has or is anyone doing this since I do not want to become a taboo contributor to FF.

I appreciate the feedback.

If there's very little interest I'll just leave this at the and thank you.
Otherwise I will begin trading this way posting the transactions bad or good and I took them that way. I'll also be open to advice from all persons who can provide valuable tidbits of trading assistance and information to further the cause. Lastly, if I continue this thread I will post not only the transactions (best I can) but also the account from week to week.

Thank you Beforehand,


Edit: ADDED INFO BELOW 5-12-2010 11:55 MST
Alright! I have developed a very simple trading format that should be a consistant loser. Why? Because it's going to adhere to the indictors that should lead us to riches but always causes reductions... right? well we will see.

Below I will list the indiors I am planing to begin with.
I am starting this thread using a demo account, one that I had about $700. I believe I'll probably restart it in a while so that which is zero would out if things appear to go well.

Caveat:
I reserve the right to change and rechange the principles and the indior record anytime.

VERY SIMPLE TRADING RULES:
1. TRADE WHEN A MAJORITY OF INDICATORS AGREE IN A DIRECTION
2. CHOSE TRADE BY CLICKING ON THE OPPOSITE DIRECTION THE STOCHASTICS POINT (for now)
3. TP SL WILL BE COMPUTED USING THE FIB EXPANSION FOR THE TIME BEING.
4. ANY TIMEFRAME IS FAIR GAME BUT I'LL PROBABLY KEEP IT IN THE 1HR TO 4HR AND SOMETIMES I'LL USE THE 15M TOO.
EDIT: adding into the principles here
5. After within close range of profit goal and in nice profit a stop will probably be moved to lock in up to 50 of their initial planned profits or a BE may also be put.

The list of indiors under I believe are fairly solid for sign hunting. I am sure I will be changing this list from time to time and again but for now this is what I will start with.

INDICATOR LIST:
MACD 8, 15, 9
STOCHASTIC 8, 4, 5
TRENDLINES DRAWN BY THE SHI CHANNEL TRUE (used as a range reference and TREND indior)
TRENDLINES MANUAL (ditto)
SNAKEFORCE (REMOVED)
HEIKEN ASHI...(TREND INDICATION)
SLOPE INDY ON CHART...(TREND INDICATION)

all of the above indiors are available (here I am sure) and anyplace, just google them if you want to follow.

Later once this is moving along, IF things are looking good I'll post the indior package we are currently using at the time. For now I just need to see if this is sometimes a viable guide trading system. I have done this in private with some fantastic success but I have never attempted it publicly and so I have no idea what to expect here. Also do my very best to post charts of transactions as time goes on. Please know that I conduct a complete time business in your home so there will be instances I might not be about to post a couple of hours but I will reply all articles left for me when I watch them.

I believe this is a fun, intriguing and interesting trading experiement...

Much gratitude to everybody who joins me and helps with their ideas and thoughts. Please feel free to post your personal charts provided they're of Trading Yourself. Additionally, if you have some indior suggestions or critiques generally feel free to fire away

Would you believe that I created 1200 pips this thursday, doing this specific same thing. Taking a trade opposite of my thought....and it return quite a bit. In all honesty, it was supposed to only be a bet commerce, or even a throw away commerce. Talk about luck. . .first commerce I attempt this'' on, yields this sort of return..haha. Eitherway, obviously that won't be the case too frequently as the market crashed that day. . .but still heck of a coincidence.

So far, this egy is working really well. lol.

On a serious note, I'm intrigued with this. As I have always believed in not trading what other traders also see, viewing stuff other traders don't see, as it is what hedges start looking for too and'trap' people. So technically, on some occasions we will be about the hedge's side of the trade. Which is good.

But figuring out when to trade with the crowd, and contrary to it, is still the key.

Hi supermatt, yes it certainly is and I think it is amazing how many people think it's just plain mad. I've asked in private previously well-known good traders what they believed about this and 100% of the I have spoken to told mepersonally, you can't do that. I set it off for many years in fact. But then one afternoon in disgust looking at my losing streak, I do not remember exactly perhaps 19 in a row I chose wtf, if I could lose that many in a row... nearly a 100% reduction rate lol how can it hurt to try just pressing another button? I did and it went so well I couldn't believe it. At that time I was working on a small programing project and stopped the manual trading but since then I've wanted to start a dialog here and maybe even try it live. I'll likely do it anyway even if there's not that much attention as it's so darn weird and fun to perform. Who knows, it may simply crash and burn just like most plots do but then again perhaps it will help someone make a dollar too. Lol

Originally Posted by ;

I dont think thats mad, I often think the identical thing, individual psych is complied and I often have thought of pressing sell if I had been thinking of buying. Its a fascinating topic.

HAHAHA Yes I think this and it is a fantastic point! I have done something similar when I first tried trading this way I won something like 7 or 8 in a row right from the batting box. It was astonishing.

About your point below, I have come to the understanding and belief the market as we see it unfold was made to make us think that a thing will happen that really isn't. We are shown over and above historical price action and based on those ingrained patterns within our thought processes we believe we are seeing what we are not. Now I am not saying that this is some kind of conspiracy or something like this but I am also not saying there couldn't be either. All that apart, bottom line is: we view what isn't occurring, not we see what is happening if you get my drift? I will plan to start this true soon... it must be fun

Thanks for the article Tbb...

Originally Posted by ;

I created 1200 pips this thursday....
As I have always thought in not trading what other traders also view, seeing things other traders do not see, since it is what hedges look for as well and'trap' folks.

I feel the first thing to do to start is to choose a trading platform style working with some of the indiors most (not all) traders may have in their platform. The most obvious are the MACD, Stochastic, and an MA or 2 and perhaps a couple of others. Just enough to provide us those perfect signs I'll work on putting something together on (maybe) that the 15m TF.

Lol you mean set up all the common indiors that tell you to go long and force you to believe to go long that necessarily fail and you shouldve gone short. Reverse believing? It makes sense to me!

Be cool if you could bring up some examples

I am curious by this pyschology, it's difficult to dismiss it, I have been trading for a while with no success and despise every trade moving against me right away.

Exactly.
I am working on some kind of standard to use at this time and I'll post as soon as possible. Thanks for the post.

Originally Posted by ;

lol you intend put up all of the common indiors that tell you to go long and force you to believe to go long that necessarily fail and you shouldve gone short. Reverse thinking? It makes sense!

Be cool if you could bring up some examples

I am curious by this pyschology, it's difficult to dismiss it, I have been investing for a while with no success and despise every trade going against me right away.

Weekly trend is ranging
Daily trend is up
4hr trend is up
1hr trend is down slightly.

Stochastic was hooked down once I took this trade.
MACD is in down trend
Slope indys are down tendency.
Shi and Shake are downtrend.

LONG GAUDUSD
0.89170
tp 0.89550
sl 0.88790

I am using the SHI Channel alongside all the other indiors to try and guage the trend management. Following are some example pics.


Pic #1 Weekly Trend:

Pic #2 Weekly and Daily Trends:

Pic #3 4HR and 1HR Trends:

That was cool!

I traded against myself came out a winner on it.

Lets try that a few more shall we?



looking for transactions as we speak...