This momentum strategy is very straightforward. All you need is the Bollinger bands indicator and to do some basic checking of chart candles. It trades on chart patterns that display signs of pending momentum – that is upward or downward acceleration in price.
All serious money managers know that the smart money is made not when the market is stable but when the market goes through a sudden state of change. Take for example, the end of a bull run or the imploding of an asset bubble.
The ideas I'm sharing here helped me to generate consistent profits over several years and helped me become one of the top Trade Leaders in Currensee. Contrarian trading in a nutshell means profiting from crowd behavior.