The purpose of this thread is to record the trades I will be taking according to one of my two current strategies: The Reconnection.
This Strategy is based upon a series of facts about the market:
- Price looks to balance 100% of the times
- No matter how aggressive a trend gets, it will not last forever
Why counter trend trading?
I like trends and I wish I could have the time to stay there watching all the consolidation process until is the right moment to enter.
Because of the hard analysis that it takes, many retail traders decide to jump into scalping to profit from one single pair. That is fine to me also, however I find the probabilities of success higher with counter trend trading (CTT).
The major advantage of CTT for me is that I don't have to watch the market. After years of experience I know when the market corrects itself.
Contrary to other types of market events, CTT cannot be fractalized. Only because it works, it does not mean that it can be translated into a smaller dimension. CTT requires forex sessions, each day counts and then the opening of the Europe session also becomes important.
This quality make these trades to be infrequent. But this is not the end of the world since there are multiple currencies in the Forex market: USD, EUR, GBP, JPY, CAD, CHF, NZD and AUD. When one of them is in an active trend the opportunities for their multiple crosses begin to appear.
Almost every single week there are trades to take. They always come in group: all the NZD crosses for example. And all those currency pairs need to balance. The only ingredient missing is the position of price within the short term cycle to take it there and produce the reconnection.
This strategy has been included into a broker portfolio so any trader can benefit from it. If there is anyone interested please send me a PM for details.
This Strategy is based upon a series of facts about the market:
- Price looks to balance 100% of the times
- No matter how aggressive a trend gets, it will not last forever
Why counter trend trading?
I like trends and I wish I could have the time to stay there watching all the consolidation process until is the right moment to enter.
Because of the hard analysis that it takes, many retail traders decide to jump into scalping to profit from one single pair. That is fine to me also, however I find the probabilities of success higher with counter trend trading (CTT).
The major advantage of CTT for me is that I don't have to watch the market. After years of experience I know when the market corrects itself.
Contrary to other types of market events, CTT cannot be fractalized. Only because it works, it does not mean that it can be translated into a smaller dimension. CTT requires forex sessions, each day counts and then the opening of the Europe session also becomes important.
This quality make these trades to be infrequent. But this is not the end of the world since there are multiple currencies in the Forex market: USD, EUR, GBP, JPY, CAD, CHF, NZD and AUD. When one of them is in an active trend the opportunities for their multiple crosses begin to appear.
Almost every single week there are trades to take. They always come in group: all the NZD crosses for example. And all those currency pairs need to balance. The only ingredient missing is the position of price within the short term cycle to take it there and produce the reconnection.
This strategy has been included into a broker portfolio so any trader can benefit from it. If there is anyone interested please send me a PM for details.
Best time to plant a tree was 20 years ago, second best is now