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As I mentioned in the last post, a new Counter Trend Trade (CTT) was triggered, so I set up a new stack of trades. Here is the 30 minute chart: Click above to enlarge Here is the closeup on the 5 minute chart: Click above to enlarge As you can see, price proceeded [...] Here is a variation of the Counter Trend Trade that I have been testing. In my testing, when price hits the S3 or R3 of the previous day, it is still a valid signal and has a good chance of hitting the most recent daily pivot and even the daily pivot of the R3/S3 that [...] I have been doing some testing on the USDCAD Counter Trend Trade (CTT) and this pair really seems to respect the daily pivots when S3 or R3 is hit. The CTT also seems to work well with this pair when price hits yesterdays R3 or S3. This set up the following trades. Overall Setup Click above to enlarge It is the ongoing question for traders…do I take my money now, or wait for the target to be hit? This was one of those instances. This is a Counter Trend Trade back to the daily missed central pivot in the EURUSD. As you can seen in the picture, the [...] Hello Traders, This Monday was good to me and I was able to execute two trades. Here they are: GBPCHF The first trade was a classic Monday Trade. Click above to enlarge I got burned a few times in recent weeks because the GBPCHF had a strong tendency to the downside, so I was [...] Click above to enlarge I took a Counter Trend Trade in my aggressive account and I liked the trade so much that I took it in my more conservative account also. Click here to see the other trade. Instead of trading a crazy number of lots, I just traded one lot and rode it. [...]  Click above to enlarge Here is my Counter Trend Trade for March 3rd. This trade hasn’t been coming up too much for me recently but this was a good one. Price missed the central pivot and hit R3 on the same day, so the trade was on! I immediately jumped in with one lot [...] Click above to enlarge Well, after the last trade, I was looking to come back and make up for that loss. The Monday Trade failed, but it did set up a Counter Trend Trade in this pair. I immediately jumped on it after it bounced at S3. My stack of trades covered a pretty [...] Click above for larger image I have not been posting as many of my backtesting results as I should, but I have decided to do a better job because I think it is useful for you and hopefully I can get some feedback on ways to improve. This is the EURUSD Counter Trend Trade, [...] Pips…in torrents I heard about this guy. His name is Kurt Hanks. He makes pips on a regular basis. Massive, crazy phat pips. Here is a brief bio quote from the Rob Booker website: A note about Kurt Hanks: He averaged 2,000 pips per week in 2009 and made 11,000+ in one week last [...] |
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