Contrarian

A fading strategy bets against any move that takes the price out of a normal range. Another way of putting it is that fading is a bet on mean reversion.

One of the ways to succeed in trading is to predict the market by thinking “ahead of the crowd”. When doing this an uptrend can mean a selling opportunity. A downtrend can mean a buying opportunity.

Brexit offers some unique opportunities for the contrarian trader. In this article I'll explain why I am trading against the crowd and what my trade setup for this momentus event will be.

Does Fibonacci retracement actually live up to its repuation as a predictive tool? Take a look at the following results and make up your mind.

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.