Countertrend Impulse Strategy
Countertrend trading is a well-respected way to trade. Combining it with the predictive power of impulse movements can help traders act on market reversals. This article delves into the components and practical application of this strategy, providing insights for any trader looking to enhance their trading skills.
Understanding...
Anytime we are taking a trade we're trying to build
a case to why it's a good trade.
Here the counter trend trader would be thinking:
-Price inside 4hr DBR demand zone
-Price overextended ridding the bottom of the BB
for 10x candles in a row
-Stochastic RSI is oversold
-Imbalance, correction, imbalance, with potential correction time.
-Average Imbalance wave to...
Using the MACD for counter-trend signals is likely to lead to losses and more difficult trading experiences than you would like.
With the downward channel indicating a downtrend , and if you were to look for MACD crossover below the zero line, to signal a buying opportunity...
The first 7 buying signals show price climbing briefly/slowly to the upside but...
Hey Speculators - Happy Friday - welcome to another video tutorial, and thanks again to the @TradingView Editors for featuring my last post, which I've linked here, and is related to the topic on hand for today. That topic is how, and when, to not fight a trend.
I'd suspect many traders are familiar with the Relative Strength Indicator (RSI), used to measure...
Any counter-trend trader and the active trader will be tempted to short this candle formation. However, a matured trader will hold his horses and check if there's any upcoming Economic Data Release. You will see that there's one that's going to happen in less than 45mins time.
Remember, you are a trader, not a gambler.
I see many traders consistently trying to fade the trend, but be careful.
In this post, I will explain the psychological problem that can arise from it.
Every time you get something that you want in life or that is pleasurable, you get positive reinforcement,
and your brain says "I want more of that stuff"
and then the brain says: "Keep doing what you are doing"...
SAVE THIS!
This are two of the best entryes on uptrend and downtrend counter.
The best thing to do is to wait for the price to give you the confirmation before entering the trade.
OANDA:XAUUSD
This is a quick tutorial on how to trade against the trend for a possible reversal. I think this might be the best strategy online for counter-trend
Feel free to ask any question and don't forget to like the video and follow me for more set ups and tutorials
Thank you
"Countertrend trading" and "We are oversold" these sentences just sound so stupid, I have a hard time believing this is a thing.
Here are a few of my finest comparisons:
"I put a pillow on my face and practice suffocated breathing".
"I compete in sprints with my legs tied together" Huh but why? "Well 2 legs have more power than 1 obviously duh silly" You keep...
Not sure what chart to use to post this but I think gold is a good one, no element has caused so much emotional reactions in humans so it's quite fitting.
Fearmongerers (I wonder how many are just looking for attention) are using the emergence of this virus for making doomday predictions & getting likes from "the crowd".
Paranoia spreads on social networks. We...
Hello, I have to look at some details on a FX strategy and it is alot of mental effort, therefore here I am looking at high short interest on stocks that I do not even trade :)
Let's look together at the most shorted stocks in the USA.
What I think happens in Wall Street is every one copies every one.
If a fund misses out on something that every one else has...
DTL had 4 day bullish run up without no pullbacks, this morning the ASX could have a disappointing day so thats risk off. Looking for a short between $3.58 and $3.40.
Happy trading!
PBH has been on a bullish run for the past couple of days now, and it might be due for pullback anytime soon. Looking to trade between $4.65 and $4.29.
There are 2 types of people that do countertrend:
- Those at the very bottom
- Those at the very top
(For those that did not learn maths post high school or is it in high school and didn't learn by themselves either: this does not mean that ALL people at the bottom or at the top do this... I think the majority of bottom feeders go for this, but for those at the...
In my previous screencast of 17th November, below all this text, is the story of someone (not from Tradingview) messaging me to ask if NVDA was good to buy. They were disappointed when I simply said "No".
In the current screencast I follow up on how the FOMO bulls were punished for attempting to hunt a gap too early.
This screencast is not advice. I am not...
EURAUD
I learnt a lesson for lifetime here:
I closed my short early around the 4th LL(MY TP had reached) : Now i wanted more so kept my longs but extinguished my Shorts.
I had long positions buildup on every lower low considering the EUR to overpower AUD fundamentally.
But it never occurred as you can see I did exit my longs during the Asian session as I saw the...
![TSLA: Looking at short interest of some US stocks [Crowded Shorts]](https://s3.tradingview.com/4/4jaLggz5_mid.png "Looking at short interest of some US stocks [Crowded Shorts]")
](https://s3.tradingview.com/d/DGVRobjq_mid.png "Trend is your friend -[A lesson](NEVER GO AGAINST THE MARKET)")
