Now that I’ve moved, am settling down and almost have my new office setup, I’ve been a little more actively trading the markets. I wanted to share with you a live price action trade setup on the Nikkei 225 I opened on the 27th and closed early on the 28th.
The setup was actually a counter-trend setup. As a general rule, counter-trend setups have two consistent characteristics;
1) They are often a lesser probability setup (being pre-dominantly against the trend, thus against the order flow)
2) They often turn around faster (as with trend players will often step up to buy/sell on the cheap, trading with the trend)
Keep the above in mind as I show …... Keep reading