The document discusses counter trend trading and provides advice for being successful at it. It notes that traders are often not aware they are counter trend trading until they are in the trade. It recommends focusing on the speed of the trend and looking for aggressive pullbacks or retracements for entry opportunities. It warns that counter trends are short-lived and advises having a plan focused on trading with the overall trend direction for better odds of success.

2. Counter Trend Trading For Profits

9. 2. Bullish Rally 3. Sideways Topping Action 1. Sideways Bottoming Action 4. Bearish Rally 1. Sideways Bottoming Action Focus on Speed of uptrend Long Setups Focus on Speed of downtrend Short Setups

13. Use Fib levels, sideways consolidation and Breakouts for BUY signals Use Fib levels, sideways consolidation and Breakdowns for SHORT signals Trading with the trending price action. 1 2 3 1 3 2

14. 2. Bullish Rally 3. Sideways Topping Action 1. Sideways Bottoming Action 4. Bearish Rally 1. Sideways Bottoming Action 1 2 3 1 3 2

16. 2. Bullish Rally 3. Sideways Topping Action 1. Sideways Bottoming Action 4. Bearish Rally 1. Sideways Bottoming Action Chart pattern confirms buy signal Chart pattern confirms sell signal

17. 2. Bullish Rally 3. Sideways Topping Action 1. Sideways Bottoming Action 4. Bearish Rally 1. Sideways Bottoming Action Aggressive Short Aggressive Buy

20. 2. Bullish Rally 3. Sideways Topping Action 1. Sideways Bottoming Action 4. Bearish Rally 1. Sideways Bottoming Action Chasing Short entry Chasing Long entry

21. End of counter trend End of counter trend (1R) (1R)

22. Reduce targets Tighten stops Reduce targets Tighten stops (1R) (1R) End of counter trend End of counter trend

23. Immediate exit Pre-Market Late Day Breakdown High Low Yesterday Today Gap Gap Fill