Countertrend FX .pdf - Content
Currencies have long been praised for their capacity to trend, but in today’s market, an objective countertrend technique might be a forex trader’s most valuable asset. TD Sequential is designed to identify trend exhaustion points and keep you one step ahead of the trend-following crowd.
There is a market adage that describes the all currency traders: “The trend is your friend.” modus operandi of almost Granted, that is often the case. However, to make it more truthful, we have added the corollary “unless the trend is about to end.” This qualifier has never been more appropriate for the forex market than in recent times. Markets will trend, but research proves this is the exception rather than the rule. Overall, markets trend 25 to 30 percent of the time, which means 70 to 75 percent of the time they move within defined trading ranges.