Showing posts with label Daily Counter Trend. Show all posts
Showing posts with label Daily Counter Trend. Show all posts

3 Jan 2024

2 Jan 2024 (Trade Example): USDCAD

 USDCAD long trade on 2/1/24


- Trade set up in H1 timeframe.
- Using M15 to time the entry
- However daily timeframe was a downtrend, this trade was in counter trend trading.
- Time of entry 7:15pm





5 Dec 2023

4 Dec 2023 (Trade Example): EURUSD

 EURUSD short trade on 4/12/23



- Entry time 9:45pm
- Entry based on H1 time frame and using M15 for refining


21 Nov 2023

20 Nov 2023 (Trade Example): XAGUSD

 XAGUSD (spot silver) short trade on 20/11/23



- Entry time 3:00pm
- Note: hesitated to enter position, missed this good opportunity.
- As this trade counter trending on H4, take profit area should be defined before take an entry. Exit when price reach target.



14 Nov 2023

13 Nov 2023 (Trade Example): WTI

 WTI crude oil futures long trade on 13/11/23




- Entry time 5:00pm


8 Nov 2023

7 Nov 2023 (Trade Example): XAUUSD

 XAUUSD (Gold spot in USD) short trade on 7/11/23

- Trend alignment to the downside for H4, H1, M30 and M15 timeframe.