Greetings,
In this PDF we discuss counter trend trade set ups. In order to take a counter trend trade set up we need the strongest momentum profile possible. We also need confirmation on the reversal from our filters. In short, we are looking for a tsunami, a huge momentum wave that could possibly reverse the prevailing trend. Every day, lately, we get one or two of these patterns. Many times the counter trend trades are good for between 12-18 ticks of gain. Well worth your effort to study the set up on these trades.
Click on this link www.kwikpop.net/KPCOUNTER.pdf
Regards,
WDH
THE
COMMODITY FUTURES TRADING COMMISSION. ( C.F.T.C.) This brief statement does not
disclose all of the risks and other significant aspects of trading in futures
and options. In light of the risks, you should undertake such transactions only
if you understand the nature of the contracts ( and contractual relationships )
into which you are entering and the extent of your exposure to risk. Trading in
futures and options is not suitable for many members of the public. You should
carefully consider whether trading is appropriate for you in light of your
experience, objectives, financial resources and other relevant circumstances.
Some of the examples used are hypothetical. Hypothetical trading results have
many inherent limitations and may not reflect actual results since they are
done with the benefit of hindsight and do not accurately reflect market
conditions and the traders emotional level while under the stress of trading.
No representation is being made that any account will or is likely to achieve
profits or losses similar to those shown.
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