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counter trend trading?
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counter trend trading?

  #11 (permalink)
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I think you should decide to join one camp only and then seek out a vehicle ( commodity ) that is behaving accordingly . It becomes easy to pick a losing fight with the market otherwise. Markets mostly rotate and chop so I look for rotational support with the bias of the markets acceptance of current value. For me that is if we are above previous days midpoint, and in congestion, I surmise the market has accepted this higher level and is therefore accumulating so I am buying swing lows of the day until I make my objective and then I turn off the computer. I cannot trend trade - it always gets me in trouble.


Last edited by drago1; November 14th, 2011 at 10:24 AM.
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  #12 (permalink)
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I am counter trending as well https://futures.io/traders-hideout/11184-italian-job.html, honestly it is more difficult for my mind to get into the trend mood. If you do well with counter trends, don't need to go for trends just improve your skills with the actual method. In my case the only way to concentrate and master trend strategies would be to stop trading the counter trends, focus with just one method at a time (at least for me).

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redratsal View Post
I am counter trending as well https://futures.io/traders-hideout/11184-italian-job.html, honestly it is more difficult for my mind to get into the trend mood. If you do well with counter trends, don't need to go for trends just improve your skills with the actual method. In my case the only way to concentrate and master trend strategies would be to stop trading the counter trends, focus with just one method at a time (at least for me).

thanks redratsal.. ive actually been silently reading your thread, so thank you!

dont believe anything you hear and only half of what you see

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  #14 (permalink)
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I had not ever thought/look what type ( trend or counter ) of trade i take, cause their validity if comes i give them priority over any type of trend/counter-trend situations. But recently i felt, i loose money in some type of trades which fall under distinction of Counter-Trend/In-Range trade. I tried to evolve a visual confirmation of trend that fit on definition of somewhat "new" or "fresh" leaving the risk of getting In-Range/Counter-Trend and gave priority over my old validation system. It might sound trading breakouts...but i can call breakouts as a subset of this new approach.
Process is just a reverse of what i had been doing....but i feel now trends, better fits me and i have to trust them.

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  #15 (permalink)
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with my method, counter trades only require half the risk as a trend trade.
I'm more successful with trend trades though so there is a trade off.
I prefer with the trend but every once in a while I'll risk a counter
and see what I can pull.

Psychology > Strategy ≥ Money
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  #16 (permalink)
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Most traders trade with the trend. Most traders lose money. Maybe counter-trend is the way to go.

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  #17 (permalink)
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mRoss21 View Post
Most traders trade with the trend. Most traders lose money. Maybe counter-trend is the way to go.


1. How do you know that most traders trade with the trend. Maybe they just pretend to do it.

2. If a majority of trend traders loses money, does that mean that a majority of countertrend traders does not lose money?


Or would you deduct that if Greece has a budget deficit, there must be another European state that runs a surplus?

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  #18 (permalink)
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I counter trend trade quite often, if nothing else it's by definition. That is to say when price comes to a point I think it will change direction and start trending the other way I will initiate a trade before higher highs or lower lows, etc...are in place. In the process of doing that, if it works out that through price action I determine that I got in at the "right" spot I will hang on to it. In any event it is by definition counter trend trading so my point is there is nothing wrong with it unless your intent is to just scalp, in which case you yourself might get scalped by not trading in good areas of s/r.
Location is KEY. Of course the one thing I did not mention is that time frame is a factor. You could be in a situation where you are counter trading for example on a 5m chart but going with the trend on a daily.....all depends on how you want to look at it.

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  #19 (permalink)
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kbit View Post
I counter trend trade quite often, if nothing else it's by definition. That is to say when price comes to a point I think it will change direction and start trending the other way I will initiate a trade before higher highs or lower lows, etc...are in place. In the process of doing that, if it works out that through price action I determine that I got in at the "right" spot I will hang on to it. In any event it is by definition counter trend trading so my point is there is nothing wrong with it unless your intent is to just scalp, in which case you yourself might get scalped by not trading in good areas of s/r.
Location is KEY. Of course the one thing I did not mention is that time frame is a factor. You could be in a situation where you are counter trading for example on a 5m chart but going with the trend on a daily.....all depends on how you want to look at it.

i would say counter trend to that time frame you placed the trade for/on..

dont believe anything you hear and only half of what you see

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  #20 (permalink)
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I think 'trend' is extremely subjective and relative.

I think the only thing that matters is how good one is at identifying a worthy trading opportunity.

If I look back on my trading history, I have probably had the exact same amount of success/failure with what I interpreted as trend/counter-trend. I have also had about the same amount of success/failure with any discretionary methodology as well.

So imo, it's all relative and comes down to execution.

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