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May 6, 2010 – GBPCHF Counter Trend TradeHere is a next day R3 hit and the counter trend trade:  Click above to enlarge Price hit R3 from the previous day, signaling a trade targeting the daily pivot of that day. Price then dropped sharply, hitting the target without much trouble. Since price was so close to the target, I had to use a short stack. In this case, there were only 4 positions traded instead of the usual 10. Profit on the trade was +2.2% If you enjoyed this article, you might also like:  Category: My Trading  Tags: Counter Trend Trade, Winning Trades This post was written by Hugh Kimura. His goal is to become a professional trader. Leave a Reply |
 
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