Hello padutrader, I agree with you. But I am learning that having a predefined method/logic/reasoning/opinion or location for exiting for profiting is equally important as how or when to enter. The chart above does make sense to sell because context is clearly down, but using your EMAs to logically exit the trade can be beneficial to you as well and remove subjectively thinking on where/when to exit.
padutrader, Do you agree on me editing your comments with "and exiting position" Yes context is important, but so is entry and exit. Yes I agree, context must be learned. Learning when/where to enter/exit after confirming context is important. I believe traders lose (well I have) because the only look for one magic setup.
do you think only one idea will explain what the market is doing the market is always channeling....even a trend is a tight channel. both ma and channels frame the market .....ma and channels are two ways to identify what the market is doing...whether it is wide or tight channel
of course i am.....is anyone perfect. i have made money so i am on the right road but it is important to understand why that money was made. i had just forgotten how to draw channels.......i suddenly remembered
i do not want results i want information i want context. i want to know what the market is doing 10 bars,20 bars 50 bars 100 bars away not everyone uses something in the same way and for the same thing. do not assume tat the other fellow is an idiot it is possible he thinks differently from you
why use only one tool? i am looking for information on which to base my trading decisions upon especially since the market is always in a channel.....a trend is a tight channel...which widens slowly....... market is always two sided.
i am searching for different ways to get information to base my trading decisions upon. I am not looking for fixed 'strategies' i am thinking beyond any one method of investigation. i 'use' two legged moves also, by the way, apart from ma and channels. the markets have many behaviors many realities, many facets.