FX:USDCAD   U.S. Dollar / Canadian Dollar
3657 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

Comment: Another adjustment involving the target area..Everything else is the same
Comment: We did not get triggered. I have adjusted the tactics again to catch this guy...
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?

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

but...what's BE means?
BE = break even
YuXiuCui Ichimoku_Trader
thanks! we'd better stop at 1.313?
I do a lot counter trend trades, but with a very short target...
I think i learned it very well this week lol
If you just say it it doesn't stick
+1 Reply
rist Ichimoku_Trader
you are a wellspring of epiphanies
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