MoneyballAustin

Counter Trend Trading

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 downside = 4.2%
The average Correction is 3.2%

Would I buy straight up? no, but I'm sure some traders might.
instead of confirmation IMO is the better play +
considering smaller risk + quicker trade management + quicker TP as
the trade is aggressive.

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.