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Counter Trend Lines Provide the Confirmation We Need

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dailytradertalk.com

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team@dailytradertalk.com

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Wed, Nov 2, 2022 07:31 PM

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Today, I want to talk about counter trend lines. Today, I want to talk about counter trend lines. Ju

Today, I want to talk about counter trend lines. [image]( Today, I want to talk about counter trend lines. Just like it sounds, these are trend lines that run counter to the overall direction of the market you’re analyzing. First, you need to identify the overall market direction. But ultimately, counter trend lines will give you the ability to understand when a short-term movement is over and a long-term movement begins. That’s key for traders because if you enter into the market before the short-term movement is over, your trade could go against you before the long-term movement begins. But when you use counter trend line breaks, you get better confirmation that the trade is going to move in your favor from the start. [Click here now to watch my latest video, which explains everything you need to know about incorporating counter trend lines into your trading strategy!](=) [image]() Now, before you read on, head over to the Traders Agency YouTube channel for breaking market news, live trading sessions, educational videos and much, much more! [Click here now to subscribe!]( THE NEWS DESK [Key Levels to Watch During Today’s Fed Meeting]() Expectations are for another 0.75% rate hike, which would bring the target federal funds rate range to 3.75%-4%. [Two Ways to Play RTY Futures]( Here’s how the hourly chart is shaping up with multiple paths to potential bullish ideas… [$3,100 in an Hour?]() The average individual earner would have to work over 145 hours, or nearly four full weeks to earn themselves $3,100. TRADERS AGENCY EVENT CALENDAR Thursday, Nov. 3 [Apex Fortunes Summit Presentation](): 12 p.m. - 1 p.m. ET - Click to automatically register for this free session, open to everyone who is not yet a subscriber [Analyst Q&A Session](): 3 p.m. - 4 p.m. ET - Live session open to ALL readers Friday, Nov. 4 [Insider Effect Live Presentation](: 10 a.m. - 11 a.m. ET - Click to automatically register for this free session, open to everyone who is not yet a subscriber If you have any trouble logging in to the sessions, don’t hesitate to reach out to our US-based Customer Service Monday through Friday from 9 a.m. - 5 p.m. ET at 1-888-483-5161. You can also reach us by email at support@tradersagency.com, and we’ll get back to you as soon as possible. [[Shocking Video] Wall Street can’t hide these moves anymore](=) It’s a secret the elites have been using for DECADES to move the market in their favor… But Ross has cracked the code on spotting their moves — [and exploiting them to our advantage.]() [Click here to watch his just released video now…]( WORDS TO TRADE BY "Behold the turtle, he makes progress only when he sticks his neck out." - Bruce Levin Investing is all about risk. The greater the risk, the greater the reward if everything works out. And though risk means you can lose a lot of money if you aren't careful, you can't let that scare you out of participating in the market. That's why a risk management strategy is crucial to a promising trading career. Figure out what your personal risk limits are and don't go beyond them. If you follow that simple rule, you'll be golden. But as you progress in your trading career, don't be afraid to reevaluate your risk limits. Go ahead and stick your neck out! [image] Josh Martinez P.S. My colleague and expert trader Ross Givens is a pro at spotting big moves by the Wall Street elite… [Click here to see how he does it…]() [Facebook]( [YouTube]( [Instagram]( Hypothetical or Simulated Results Our educational products rely upon hypothetical or simulated performance results. These results have certain inherent limitations. Unlike the results shown in an actual performance record, these results do not represent actual trading. Also, because these trades have not actually been executed, these results may have under-or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated or hypothetical trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. There is a very high degree of risk involved in trading. For our full disclaimer, visit: [Unsubscribe]( Traders Agency 20 North Orange Avenue Unit 1100 Orlando, Florida 32801 United States (888) 483-5161

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