Trend Trading vs Counter Trend Trading Rules
The Trade Ideas Algo uses two different type of strategies: trend following and counter trend. Trend following strategies follow the overall trend in the market while counter trend strategies try to capitalize on potential reversals and corrections in the trend. The trend following strategies in this program are the Squirrel Strategy, True Turtle Strategy and Short Play Strategy. The counter trend strategies are the Winning Whale Strategy, Elastic Rejection Strategy and Elastic Bounce Strategy.
The rules for every strategy including the counter trend trading rules are listed in the Credit Spreads Trading Handbook on the membership site!
Here is an important side note: enter trend following strategies as quickly as you can when the minimum credit can be collected; however, give the counter trend strategies time to play out before you enter. Prioritizing safety and going further out of the money is advised for counter trend strategies.