DislikedI call it a counter trend trade when trading against the daily. Although the stochastics in itself have shown the new short term trend so it may not be a true countertrend but I just call it that because its going against the daily per the rules for my approach to trade with the trend and it may be with the moving averages or against it but still considered countertrend since going against the daily which is the overall trend in my eyes...Ignored
Wish you a good trading week. MJ
__Thanks__ MJ