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Countertrend

Live Trading Recap: USD/JPY Correction Phase TradeThis is a live execution of USD/JPY trade, demonstrating how to successfully execute a counter-trend strategy. This trade was all about understanding the market phases and recognizing the trend reversal at the right moment. To pull off a counter-trend trade, you need more than just technical skills—you need a solid grasp of trading psychology. Staying patient, trusting your analysis, and managing emotions during market swings are key to making informed decisions. Watch the video to see how I combined these elements to turn this trade into a win. Let me know your thoughts in the comments!
by Charts247TradingAcademy
11 Money-Making Opportunities and the A.P.E FrameworkI’ve just recorded a video covering 11 Money Making Opportunities that you won’t want to miss. Here’s a quick rundown of the currency pairs discussed: - GBPUSD - USDJPY - EURJPY - GBPJPY - NZDJPY - NZDUSD - AUDUSD - AUDCAD - USDCAD - CADJPY - GBPAUD What’s Inside: - A.P.E Framework: I’ve also shared how I use our trading framework, the A.P.E Framework, and why it’s so important in guiding my trades. - Strategic Insight: These trading ideas are meant to get you thinking critically about your trades. Remember, they’re not meant for you to follow blindly. Key Takeaway: - Plan Your Own Trades: Use these ideas as a devil’s advocate to challenge your strategies and prevent you from going too aggressive on your trades. Make sure to watch the video for in-depth analysis and insights! What’s your take on these opportunities? Have any of these pairs caught your eye? Share your thoughts and strategies below! Happy trading, everyone! 🚀
by RaynLim
Forex Journal #1- GBPUSD Counter TradeIn my journal, I'm noticing GBPUSD made a new lower low on the 4 hour timeframe. Although price in in an uptrend as clearly seen on the daily and weekly timeframe, any sells taken will be a countertrend trade. I prefer to trade down to my weekly estimation zone 1.27585 and entering on the 4 hour timeframe to keep the stop loss small. Trade at your own risk and risk level. I'd love if you can reply your thoughts and like the video for more.
Short
by ShaquanLopez
EURUSD I Starting to consolidate I Will head downWelcome back! Let me know your thoughts in the comments! ** EURUSD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Short
by BKTradingAcademy
25
USDJPY retracement at the highAfter a few indecision candles at the high, followed buy a volume push up to a major resistance, I became alert that a bearish setup might present. Friday closed off with a variation of a bearish engulfing. When price closes beyond a price then closes right back beneath it its a sign that this price is being rejected. Naked analysis tells us that the 1hour chat has already began its downward momentum. A minor double top formed. My short entry was based on the high volume bearish engulfing re-test at the neckline. The 30MIN chart has begun creating its lower highs and lower lows. This is a short scalp. the buy will likely present later in the week.
Short
by DesharedPierreJr.
1
Long Scalp on ETHAfter the daily made a bearish push to the downside I wanted to see how price reacted to the 38.2 prz level. on the 4H, a hammer on top of the 38.2 fib as well as support. Breaking things down to a lower timeframe I had a correction trendline drawn from the latest swing highs. Price had broken the correction trendline and began up trending on the 15min and 30min chart so i bought with my stop loss being below the 30min low. take profit at -27.% from that 38%.
BITSTAMP:ETHUSDLong
by DesharedPierreJr.
1
GBPAUD I Approaching supply zone where it may fallWelcome back! Let me know your thoughts in the comments! ** GBPAUD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Short
by BKTradingAcademy
4
I might buy this minor uptrend but GOLD IS BEARISHGold is coming off of lower low after lower low on all major timeframes so its not surprise that my first bias is bearish. However, when it comes to intraday trading, momentum is important for swings in the market and the difference between volatility or consolidation while profits float. I'm going to take this opportunity to buy gold if a structural higher high is formed since my immediate correction trendline has already been broken. Any buys are short term countertrend moves as the winning team is currently the bears. The neckline of the daily double top and retest of weekly resistance will not go unnoticed.
OANDA:XAUUSDShort
by DesharedPierreJr.
1
AU providing a hint for a reversalAUDUSD is currently at its lowest point since breaking out of consolidation on last week. This week it may look to re-test the bottom of the range or the neckline of a confirmed double top bearish reversal pattern. However, the case, this pair is overall bearish. The big move will come from a short. I've noticed that its currently trading around the weekly support and has performed a higher high, would be a trendline break if price wasn't moving so fast but the moving average has already crossed to the upside. If that low holds as support, I'll look to buy to the 38.2 Price reversal zone (PRZ).
LShort
by DesharedPierreJr.
I'm correcting errors mid-weekI decided to publish a video about the recent trades taken and the aftermath. I believe that I see structure clearly, however my bias changes depending on the timeframe. I'll be ultimately bearish on Sunday and Monday, then decide I want to be bullish Monday night to trade up to the sell. I understand that counter trend trading is dangerous to the risk: reward portfolio. This video will be watched back 2-3 times by myself as I learn more about the market from "teaching" it. I'll also be posting more videos regarding pre analysis, leading up the decision to take the trade.
OANDA:XAUUSD
by DesharedPierreJr.
GBPJPY - Potential Reversal TradeHey Traders! Today we're taking a look at a bearish trading opportunity on the GBPJPY. At heart this trade is a structure-based reversal trade but as you'll see in the video, to find our entries we're actually taking a continuation trade type of approach. - More reasons to throw out the names "continuation" & "counter-trend" Anyway, I hope you guys enjoy & if you have any questions or comments please leave them below. Your Trading Coach - Akil
Short
by Akil_Stokes
2
Tutorial | How To Use RSI To Find Turning Points ... or NOT!Hey Speculators - Happy Friday - welcome to another video tutorial, and thanks again to the @TradingView Editors for featuring my last post, which I've linked here, and is related to the topic on hand for today. That topic is how, and when, to not fight a trend. I'd suspect many traders are familiar with the Relative Strength Indicator (RSI), used to measure overbought and oversold conditions. In this video, I discuss what I look for when using RSI to filter trade signals and identify when strong is REALLY strong. The inverse would hold true as well (you know, weak, or really WEAK), but we all know markets never go down. :) RSI Settings for this video 5 Period Upper 88 Lower 12
CME_MINI:RTYU2021Education
by RodCasilli
2
NAS 100 TRADE UPDATE DESCENDING CHANNEL FORMING TARGETING 10,5159/26 XAU BROKE THE TRIANGLE TO THE DOWNSIDE AND CURRENTLY IS IN THE BUY ZONE THERE WAS A RARE TWEEZER BOTTOM MADE ON FRIDAY WHICH MEANS WE SHOULD SEE THE MARKET START TO PUSH BULLISH. WITH THE USDX BEING OB WE SHOULD SEE PAIRS CORRELATED WITH THE JPY, EUR, AUD & NZD SHOW SIGNS OF RETRACEMENT BEFORE STARTING TO PUSH AGAIN BEARISH. IF THIS HAPPENS THE PAIR WILL COMPLETED THE R5 MOVE TO THE DOWNSIDE. POS 53% ENTRY: WAIT UNTIL A COUNTER TREND LINE ON THE 2HR AND RETEST BELOW THE DESCENDING CHANNEL WEEKLY: DOWN R5 DAILY: DOWN R2 ENTRY: CTL 2HR R2 POS: 71%
CME_MINI:NQ1!Short
by CarterKyleCapital
5
XAUUSD SELL UPDATE 400 PIPS LEFT OF 800 PIP SELLOFF 9/23 XAUUSD HAS STARTED TO BREAK BEARISH AFTER A LONG RUN UP TO 2072 AREA, THE WEEKLY & DAILY WILL BE CONSIDERED SHORT TERM BEARISH BASED BROKEN COUNTER TRENDLINES AND RETESTS THAT HAVE CONFIRMED THE DOWNSIDE MOVEMENT. ONE THE 2HR WE OUR STUDENTS TO A TRADE AFTER A BROKEN A TRIANGLE TO THE DOWNSIDE TARGETING THE 1830 AREA. IF YOU MISSED THIS ORGINIAL MOVE HERE IS AN UPDATED TO SO YOU CAN CATCH THE 400 PIPS LEFT OFF THE 800 PIPS SELL OFF. IF YOU LIKE OUR ANALYSIS DROP A LIKE AND LEAVE A COMMENT ABOUT WHERE YOU THINK THE MARKET WILL EVENTUALLY GO
OANDA:XAUUSDShort
by CarterKyleCapital
2