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What is Contra Trading Strategy Overview about?

This strategy note outlines an intraday trading strategy called a "contra setup" for short trades. It involves identifying periods of sharp, abnormal price increases on the 130-minute chart followed by a reversal, and then entering short positions on the reversal with a stop loss at the recent high. Positions should be held overnight if possible to reduce risk. Profits should be taken once they reach three times the initial risk amount. The strategy is primarily meant for short trades, but long trades could

Author

abcd1234

Language

EN