The objective of this thread is to record the transactions I'll take based on one of my current egies: The .
This Strategy is based upon a collection of facts about the market:
- Price looks to balance 100 percent of the times
- Regardless of how aggressive a trend gets, it won't last forever
Why offset trend trading?
I enjoy trends and that I wish I could have the opportunity to remain there watching all the consolidation procedure until is the ideal moment to enter.
Because of the tricky analysis it requires, many retail traders opt to jump into scalping to profit from a single pair. That's fine to me also, however I find the probabilities of success higher with counter trend trading (CTT).
The major benefit of CTT for me personally is I don't have to watch the market. After years of experience that I know when the market corrects itself.
Contrary to other types of market events, CTT cannot be fractalized. Only because it functions, it doesn't mean it can be translated into a measurement. CTT requires FX sessions, each day counts and the opening of this Europe session becomes significant.
This quality make these transactions to be rare. However, this is not the end of the world because 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 fashion the chances to their multiple crosses start to appear.
Nearly each and every week there are transactions to take. They arrive in group the NZD crosses such as. And all the currency pairs need to balance. The only ingredient missing is the place of price within the short term cycle produce the reconnection and to take it .
This egy has been included into a broker portfolio therefore any trader can gain from it. If there's anyone interested please send me a PM for details.