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Counter Trend Trading Technique Use Technical Analysis to confirm entry of position. Particularly use chart patterns in conjunction with market dynamics and fundamentals. The chart pattern for Met Life shows a double bottom, which creates a price specific price for entry. 
Remember a countertrend trade is attempting to pick a top or bottom. Build position in 1/3 increments and adding only after the market shows you profit. No other trade has as much potential to damage a trading account than a countertrend trade. If the trade goes against you exit position and preserve capital for next trade. Copyright 2007 © 20 Method Trading |