Hi Friends,
I am posting one of the strategies that I trade. This strategy is used to identify extremities of the markets (called greater fool's zone) and then trading them. This was introduced to me by Dr Alexander Elder and helps in:
1. Booking profits on exiting positions when the markets enter the greater fool zone &
2. Taking contrarion positions to the trend to hedge existing positions or taking absolutely a naked contrarion trade.
This strategy can also be combined with my already discussed strategy on 315 (identify when to book/lock in profits or hedge them once the markets move in our favour)
It can also be used with my 'Market correction prediction' theory to take contrarion trades.
Following posts would explain the strategy with examples.
Hope this helps in your trading results.
Cheers
SH
I am posting one of the strategies that I trade. This strategy is used to identify extremities of the markets (called greater fool's zone) and then trading them. This was introduced to me by Dr Alexander Elder and helps in:
1. Booking profits on exiting positions when the markets enter the greater fool zone &
2. Taking contrarion positions to the trend to hedge existing positions or taking absolutely a naked contrarion trade.
This strategy can also be combined with my already discussed strategy on 315 (identify when to book/lock in profits or hedge them once the markets move in our favour)
It can also be used with my 'Market correction prediction' theory to take contrarion trades.
Following posts would explain the strategy with examples.
Hope this helps in your trading results.
Cheers
SH