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Old 01-01-2012, 04:33 PM   #9

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Re: Counter Trend Trading?

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but with extra hot chilli sauce.
and no beer to wash it down with
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Old 01-02-2012, 06:05 PM   #10

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Re: Counter Trend Trading?

I look for a low or high on the NYSE tick to correspond with a low or high in price on the index like the ES. If that low or high price hold's, that could potentially be the low or high of the day so I look to go long at low ticks with low price and short and high ticks with low price. That's an example of one of my counter trend setups because we're moving higher (uptrend) get a high tick of day at high price when I take a short (against the trend).
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Old 01-03-2012, 01:42 PM   #11

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Re: Counter Trend Trading?

counter trend trading is a dumb concept.

it implies there is a trend. therefore, why would anyone want to fade it? (unless your business is scalping - in which case one wouldnt be asking the question as such a trend would be almost irrelevant)

lets go back to hamburgers and steak - its more intellectual.
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Old 01-03-2012, 09:52 PM   #12

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Re: Counter Trend Trading?

Haha, fair enough 'Dude' to each his own. I prefer mine inserted with a slice of herb butter with some grilled bacon and onions. Buffalo meat is ideal!
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Old 01-03-2012, 10:35 PM   #13

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Re: Counter Trend Trading?

Tim,

I tried your suggestion about the tick because I've made a lot of changes since the last time I looked at it. To summarize, initially it seemed to add something I liked but I soon realized it gave me many false signals. If you want to elaborate, I'm interested in hearing more about it's nuances, or other concepts.

If you make it good I'm sure TheDude and everyone else will be ok with it.

Thanks!

Quote:
Originally Posted by TimRacette »
I look for a low or high on the NYSE tick to correspond with a low or high in price on the index like the ES. If that low or high price hold's, that could potentially be the low or high of the day so I look to go long at low ticks with low price and short and high ticks with low price. That's an example of one of my counter trend setups because we're moving higher (uptrend) get a high tick of day at high price when I take a short (against the trend).
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Old 01-04-2012, 01:47 PM   #14

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Re: Counter Trend Trading?

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Haha, fair enough 'Dude' to each his own. I prefer mine inserted with a slice of herb butter with some grilled bacon and onions. Buffalo meat is ideal!


Awwwwwwwwwwwesome!

Ive never tried the herb butter thing but it sounds great.

when im in the usa, i like going to '5 Guys' Not the best burgers in the world, but pretty good - i like the concept and the peanuts.

BBQ sauce is a must for the Dude on a burger. Bacon is a treat if Ive been eating too much salad. Onions - well of course. grilled though - or even better onion rings deep fried in bread crumbs/batter.hmmmmmmm hamburgers......
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