FX:USDCAD   U.S. Dollar / Canadian Dollar
3655 134 73
..
Comment: If we pass the previous high before a signal, the trade is invalidated..
Comment: We've broken the high. So I am adjusting this trade as follows:
1. Let's wait to get to WR1 (gray line)
2. Once there, we will sell a break of OF52 with the stop above the last high
Remember that we need momentum to enter

snapshot
Comment: Another adjustment involving the target area..Everything else is the same
snapshot
Comment: We did not get triggered. I have adjusted the tactics again to catch this guy...
snapshot
Comment: T1 achieved...
Comment: The market is bullish until we break CL so be careful please
Comment: If you entered on the break of OF9, stops to break even please
Comment: Out at break even...
All these counter trend trades we took this week were just to show 2 things:
1. the high failure rate that you will get when you go counter trend
2. That with counter trend trades you should always seek short term targets
3. That you can use the short term targets as a loss buffer for longer term trend moves.

So although I do not recommend using counter trend trades .. yes they are useful but very wasteful
I hope you enjoyed them
Comment: sorry.. 3 thiiings
Comment: Personally, I prefer accuracy over catching the move before its inception on any day..
Comment: Someone asked me (PM) why did I say wasteful:
So although I do not recommend using counter trend trades .. yes they are useful but very wasteful

Well they are wasteful because of 2 things,
1. low accuracy which causes losses sometimes
2. MORE IMPORTANTLY, loss of opportunity .. I usually take these trades with the trend but i missed them when i tried to g o counter trend
hi sir! I entered as u recommend. where should i stop loss?
Reply
Hi

This trade was over a long time ago
I have updated it in my comments
Please read my comments above
Reply
YuXiuCui Ichimoku_Trader
thank you!

but...what's BE means?
Reply
BE = break even
Reply
YuXiuCui Ichimoku_Trader
thanks! we'd better stop at 1.313?
Reply
I do a lot counter trend trades, but with a very short target...
Reply
ok
Reply
I think i learned it very well this week lol
Reply
Yes..
If you just say it it doesn't stick
+1 Reply
rist Ichimoku_Trader
you are a wellspring of epiphanies
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out