Trading Against Your Instincts

I’ve been putting increasing emphasis on “counterintuitive” trades during these tutorial sessions, since some of our old tricks have not been working as well. Mainly, it has been a case of gorgeous ABC patterns stopping us out, sometimes more than once. A promising solution is to look for patterns that make us feel a little queasy when initiating a trade. B-C correction legs that retrace almost to the point ‘A’ low are a good example of this. In this lesson, we consider several such patterns while looking to get long or short well outside of our usual comfort zone.