Counter Trend Day Trading Strategy – Market Profile Trades

Here are two trades that I took today. Both on the AUD/USD, and both against a strong trend. Still, me and members of my Market Profile Course managed to pull a nice profit from these setups!


This level was hit during the Asian session which I trade using simple limit orders. If I were at the computer, I would discard this level because it was already tested an hour before the actual (2nd) test.

However, I was not at the computer, I was sleeping, and I woke up with a nice +10 pip profit 🙂 That’s what I call a good start to the day!

Here is a screenshot from my cTrader platform (1-minute chart):


This trade was a bit unique. My Aussie short was around +5.6 pips in profit, but we were approaching Oil Inventories (market ‘Red’ in ForexFactory). Even though this particular news isn’t that significant, I chose the more conservative approach and closed the position before the news release.

Here is the 1-minute chart from my trading platform:

There was no reaction to the news, so I re-entered the trade. I managed to take another +5.1 pips profit, totaling in +10.7 pips profit. Cool!

Here is the 1-minute chart from my trading platform:

Here is the whole day on a 30-minute chart along with the Market Profile indicator from Trading View (my charting platform):

Trade Summary

Today’s results = +20.7 pips profit

Today was a very good example of why I go only for 10 pip profit targets. The reason is, even if I go against a strong daily trend, levels I trade are usually strong enough to make at least 10 pip counter reaction before the trend resumes. This is, however, a trade-off and at the end of the day comes down to preference.

Happy trading!


PS. If you would like to trade with me every day, you are very welcome to join me here: Dale’s Pro Forex Course

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