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.
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.
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.