Earlier today I posted a sell signal. I did not trade the sell signal (a winning trade), in fact I actually went for a buy.
I tested my Counter Trend method. Still remember that almost every candle got 2 shadows?
If the price retrace upwards, it will form the shadow below the body. So with this in mind, when the price reaches the expected distance to cover line, I went for a buy for a 20 pips gain.
* On a side note, I refer to other currency pair to determine the strength. I'm still experimenting this method.
I tested my Counter Trend method. Still remember that almost every candle got 2 shadows?
If the price retrace upwards, it will form the shadow below the body. So with this in mind, when the price reaches the expected distance to cover line, I went for a buy for a 20 pips gain.
* On a side note, I refer to other currency pair to determine the strength. I'm still experimenting this method.
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