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Counter-Trend Trading Strategy
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Old 12-25-2006, 09:25 PM
McFX McFX is offline
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Thumbs up Counter-Trend Trading Strategy

Hi folks,

Has anyone tried fading the trend as the price reaches a phychologically significant double zero level? (like for example 1.3200 for EUR/USD)
I applied the Counter-Trend trading Strategy on AUD/USD early in the Asian session when there were no major releases that could provide strength for the trend (if there was one). It worked every time. Has anyone been using this strategy or something similar to that?



Your thoughts are appreciated.
McFX
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