DislikedHi Laura, What do you recommend to do to avoid getting into choppy markets or buying as the prices keeps dropping from consolidation zones? (See arrows in my screenshot). {image}Ignored
Unfortunately we can never know in advance if we are headed for choppy waters, but we can stack the odds more in our favour by taking a conservative approach as follows:
1. Only take entries where RSI is over 60 (for longs) or under 40 (for shorts).
2. Only take channel trades or channel failures.
3. For continuation trades, we can wait until price is closer to the SMA (more likely to find support there).
I intend to share all elements of the methodology but some are riskier than others and it's perfectly possible to make a living only trading the conservative signals.
Hope this helps.
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