Wyckoff analysis was born out of years of practical study of the stock price boom and bust cycles. Its founder, Richard D. Wyckoff was a profound observer of the markets.
In an era of instant financial news and social media updates, an abundance of information is freely available to us at any given time. All of us rely on information to make sound trading decisions.
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.
You may have seen there are countless articles on the web declaring engulfing strategies are a sure bet and offer high probability trade opportunities. But does this approach really work? In this article I will do a thorough analysis of the data to prove if this method really stacks up.
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.
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.
This system is for trading fake (false) chart tops & bottoms. I call this a contrarian strategy because the trade entry opposes most technical indicators. I’ve used this day trading strategy to produce profitable short-term trades on GBPUSD, EURJPY, AUDJPY, and EURUSD.