I would like to know if any traders here counter trades if so, what tactics are you using?
Thank you in advance!
I would like to know if any traders here counter trades if so, what tactics are you using?
Thank you in advance!
I assume you mean counter trend trading. Well I do take counter trend trades as well as trend trades. This is a fact and I have been quite profitable this week going long into fibers huge down swing. Whats my strategy, well i would call my self a retracement trader really. Thats my thing. so when i am going long price is in a down swing, when i am going short price is in an up swing. from an area it has already been too before.
I do it … but with small positions, very good PA signal (S/R) and moving my SL to B/E as soon as posible…
is very risky in a strong trend…
“The trend is your friend”.
That said - I have made (and lost) a few pips countering fast moves. It’s risky.