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Counter trend Indicator


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Counter trend Indicator

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  #1 (permalink)
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Can someone suggest if there is counter trend indicator availabe? Thks

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the coin hunter
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Bollinger Band, any oscillator indi.

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emini_Holy_Grail View Post
Can someone suggest if there is counter trend indicator availabe? Thks

Dice are good . Why go against the trend ?

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for short term/scalping, like those retraces when it chops, say in downtrend, it retraces higher before it continues downtrend. may be, I should call something else, not counter trend

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emini_Holy_Grail View Post
for short term/scalping, like those retraces when it chops, say in downtrend, it retraces higher before it continues downtrend. may be, I should call something else, not counter trend


TradeChartPatterns.com - Check what this guy has to say about that . Scalping rule #1 is critical . I got a lot of faith in him and he wont steer you wrong ever .

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Thks Eric. that site has lot and good details and will need weeks to try them in sim, but it seems worth it

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Eric j View Post
TradeChartPatterns.com - Check what this guy has to say about that . Scalping rule #1 is critical . I got a lot of faith in him and he wont steer you wrong ever .


Eric,

Thanks for posting this link. This is really good stuff!!!!

RJay

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cory View Post
Bollinger Band, any oscillator indi.

yes, I like what Cory said,

try using Bollinger bands with double tops / bottoms where the first swing high/low is outside the band and the second is inside the band.

target would be back to the middle sma - (or just above just in case)
kz

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emini_Holy_Grail View Post
for short term/scalping, like those retraces when it chops, say in downtrend, it retraces higher before it continues downtrend. may be, I should call something else, not counter trend

you describe a pull back (trade with trend) trade, check out Mike's futures.io (formerly BMT) Collective MA, CMA for short

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thks Cory and appreciate it. I will try the collective MA

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emini_H_G

Attached is a screenshot showing an example of the double-bottom outside/inside the Bollinger bands. The black SMA (period 1) is showing the line-on-close so you can see the minor swings better. The Swing_temp indicator is shown which picks up the inside bottom where we finally have a move back to the 20SMA.

Unfortunately, this is a hand-picked screenshot with 20/20 hindsight. With this type of countertrend trade, you'd need plenty of screen time to practice entries for this. You can see by scrolling forward / backward through these types of trades that you'd need additional filters or ways to avoid chop or fake-outs.

Hope that helps.

Kirk

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Thks Kirk for making a chart for me. really appreciate it.

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in tranding days no indicator will help you but trend days is only less than 20% so if you want to try in rotational day you trade the extrimes of the range ,or extrim of valeu areas with market profile or something I like better the hi volume areas and the low volume areas using volume at price ....in this days Bolinger bands will work fine too.

In tren day you have to be with the trend...delta divergence and $tick divergence and all the others divergences will not work.

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Kirk - I did see last week's chart and saw many places where 1st bar is outside the band and 2nd closed inside the band.

1)choice 1 exactly as you said
https://www.onlinetradingconcepts.com...gerBands2.html

2) choice 2

I see this one as contrary to choice 1, as it says sell, when it bar closed lower band as it breaks support and also buy when bar breaks upper band at his resistance and this is opposite to normal theory. any idea when we should be careful and use this?

https://www.onlinetradingconcepts.com...gerBands3.html

Thks again for your help

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  #16 (permalink)
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look up "walking the bands" also as this would show you trending trades when it hits / closes outside the rising upper band but continues to follow the band.

Stock picks for trending stocks.

I've yet to code a way to pick up the double-tops or -bottoms for the countertrend trading you're looking for. Maybe someone has a good strategy based on DT / DB entries that could use the BBands for confirmation and targets.

enjoy your studies!

Kirk

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