strong short signal with h4 ts/ks cross...
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DislikedI like trading 15m and compare it with the daily. But I havent used stop losses's yet because i simply like to watch and exit if i think its going to far out. I also like to scalp, and do short term trades because I dont like stressing about my money even if it gets another 20 pips ahead. Im not to sure what you mean by KS an a buffer. I am very new to all thisIgnored
DislikedI've put a pending buy stop on the AUSUSD ... What are your collective thoughts? Be the Borg!Ignored
DislikedHey guys,
I've put a pending buy stop on the AUSUSD 0.8792, SL 0.8740 & TP 0.8840.
What are your collective thoughts? Be the Borg!
God bless,
DocIgnored
DislikedNo worries mate, I am pretty new to this too . As Vic always says, feel free to ask anything.
The KS refers to the Kijun Sen which is explained on the first page of this thread. I have also pointed to the Kijun Sen in the chart below. 'KS + buffer' refers to moving your stop to the Kijun Sen line with an additional bit of room in case the price gets just past the Kijun Sen so you are not stopped out.Ignored
DislikedGiny just a clarification, if you enter on 4h you will also exit at 4h? Right?
Thanks.Ignored
DislikedFor me, I am always very keen to see pips in the bank rather than in limbo. Hence, I will enter on 4h or daily signal and initially follow on 15m KS. As a result, if the trade turns around and has another go, I exit with pips in the bag rather than potentially a loss.
Once price clears resistance on shorter TFs, I then will start to move my SL with 4h KS + buffer.Ignored
DislikedGuys, I have entered a short trade on the gbpusd based on daily KS support area. As you will see in the 15m chart, I have moved my SL to break even and will be looking initially for clearance of various short TF resistance areas.
If we can clear 1.6125ish area (see horizontal line at bottom of chart) then I will potentially look to stay in this trade until weekly KS at 1.5600.Ignored
DislikedHi Everyone
I'll be honest only just started this Ichimoku and although Ive managed to read quite a lot of the forum from the begining I am getting confused regarding what signals you guys are using. Your talking about the H1, H4 time frames etc etc.
So can we just clarify please what this has developed into. I thought we followed the H4 for trend confirmation an M5 for entry on cross over? But you guys are waiting for crosses on the H1 & H4 ?
Vic I thought you said early on that you had suffered quite a few losses using the the higher...Ignored
DislikedHi Giny
Just a quick question with regards to the logic behind this trade. You entered based on the daily KS support. It seems to me that it's resistance but that's not my point. My point is why did you enter there when there seems to be no confirmation yet that the price is being pushed back. Or maybe you are seeing that confirmation, if so how and where?
Please don't take me wrong as I think this trade has a huge potential and ,for me, I think the confirmaton may come fairly soon but just want to know your angle on it.Ignored