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AUD USD GENERAL VIEW

balan0321 Updated 1 Mar  em #Audusd #Review #Counter Trend #Tradercontest
Current trend
Today, the AUD/USD pair was growing, which was caused by favorable statistics on Australia's GDP. The indicator overshot the forecast, increasing by 2.4% on a year-on-year basis and by 1.1% from one quarter to the next. Wednesday morning was also marked by US President Trump's speech in Congress, which caused outbreaks of market volatility. The pair gained even more ground and reached its maximum after the President stated that he is going to call off the Obamacare program, but as …
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Counter trend weakness now,overcome

Lefy Postado 7 Jun  em #Counter Trend
I have now upgraded my counter trend technique,with the most sophisticated and respected "pivot high-low indicator", and no progress measuring indicator,i must test it, i think it will help me a lot, as i often suffer from emotional weakness,now i will roll and rock without fear as i will be travelling to the unknowns, but i don't care as i will be guided by Fibonacci technique to each destination of the unknown effects, getting extreme support from RSI Channel and Support&Resistance Indicators …
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Counter trend last week,as all the contest taken.......

Lefy Postado 5 Jun  em #Counter Trend
I have been a counter trend last week, and so as all the contest taken so far, and it is not nice, i can say,but it works best for Fibonacci expect trader i can say, i am trying my level best to learn this technique, along with RSI, as well as support and resistance, i have come to a conclusion that, the three indicators are by far the best i can you,i just have to learn to accept that they mean business,only if i understand better,and not what i feel at certain point in time, i think i am capab…
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Fractal patterns revealing counter-trend scenario for EUR/USD

Reloaded Postado 2 Mar  em #Trader's blog #EUR/USD #Fractals #Counter Trend
Even thoughtrading against an established trend can prove dangerous to say the least it
can be worthwhile to take into consideration at least for the purpose of sizing
down the open positions or even closing them until the trend starts showing
signs of resuming its momentum. Now for the current scenario on theEurUsd pair we can see the trend is bullish, market moving to the upside, even
though its within a larger consolidation pattern. As mentioned earlier counter
trend trading shou…
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Convallium avatar
Convallium 5 Mar

useful)

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EUR/JPY - Counter Trend Trading

Daytrader21 Postado 11 Dez  em #Trader's blog #EUR/JPY #Resistance #Reversal #Elliott Wave #Momentum #Counter Trend
In my last trade I took a short position in EURJPY which it's very obvious if you look at the market trend it was a counter trend position. Trading with the trend is much more easier than against the major trend as you have to momentum trading in your direction. But as a professional trader you have to consider both side of the market and counter trend trading not only that it gives you the chance to make some money if you lost the train on the trend trading move but it can give you the possibil…
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5 Comentários
geula4x avatar
geula4x 11 Dez

+1 Liked: Nice analysis. Thanks for sharing! Happy trading today :-)

Daytrader21 avatar
Daytrader21 11 Dez

It seems that taking the profits just at previous day low was the right decision as the market found strong support right there and reverse. I always take profits when trading against the major trend

Metal_Mind avatar
Metal_Mind 11 Dez

Nice bro as always. You have your special writiing style to make anything a masterpice.

Berkeley avatar
Berkeley 11 Dez

I completely agree with Metal_Mind! Keep doing this.

Daytrader21 avatar
Daytrader21 11 Dez

Thank you all for the good words

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