Humble wrote:Phil wrote:I think i´m still struggeling to find the ´right´ trading direction. Entered at the arrow, being stopped out for the second time today.
Sorry to keep on about this but in case it helps, I do not see the point in having indis on your chart if you are not going to use them.
Both the channel and the 3 sema on your chart said the right trading direction was down.
no need to apologize, please keep telling what I?ve done wrong. That´s the only way I can master this. Learn from you all.
I agree that based upon the channel and the Sema 3 the trend is down. But I sure like to know how to correctly enter countertrend trades. In the chart you´re talking about I took this trade cause at that time of entry there was a sema 2 at the bottom ( also price was near the channel bottom at the moment) and my goal was to take this countertrade till the upper channel line.
So I?m a bit confused whether I should take countertrades at all or not? I´ve seen a lot of charts in this thread of people taking these kind of trades. Perhaps I?m just stubborn and need to hear it a zillion times before I see it. If I need to leave countertrades at the moment please tell me so
Thanks for the input.
@Tmanbone, thanks so this is the way it´s best?
Enjoy your day