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Ichimoku forever

  • #16,701
  • Dec 11, 2012 1:49am Dec 11, 2012 1:49am
I would want a break above that ~1.6170 mark with a positive cloud. Maybe cover some at the resistance point of 1.6200 and then it's clear skies.

Quoting GeraldFX
GBPUSD Daily setting up to go bullish with the future cloud about to twist and chikou about to pop out. What's your thought on this?

Attachment
  • #16,702
  • Dec 11, 2012 6:52pm Dec 11, 2012 6:52pm
NZDCHF H4 is over extended. Looking to go counter trend setup when it breaks the H4 TS.
  • #16,703
  • Dec 12, 2012 12:04pm Dec 12, 2012 12:04pm
The KS is rallying up to a stalling TS. There's a nice consolidation. Daily seems to be bullish, but this looks like a resistance point that's been tested twice before. If this breaks out bullish, it could be a big move.
GeraldFX, do you make your trades off the H4, daily or both?
Quoting GeraldFX
NZDCHF H4 is over extended. Looking to go counter trend setup when it breaks the H4 TS.
  • #16,704
  • Dec 13, 2012 12:10am Dec 13, 2012 12:10am
Quoting captaincol
The KS is rallying up to a stalling TS. There's a nice consolidation. Daily seems to be bullish, but this looks like a resistance point that's been tested twice before. If this breaks out bullish, it could be a big move.
GeraldFX, do you make your trades off the H4, daily or both?
It depends on the setup. I look at H2 also.

This is a trade I took for USDJPY yesterday.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY CHART.png Size: 75 KB
  • #16,705
  • Dec 13, 2012 2:53am Dec 13, 2012 2:53am
whats up guys,GeraldFX what you think about this short trade for XAU
yesterday's candle was a gravestone tested the flat kijun,flat span B and weekly R1

1708 short entry
1734 SL
1683 TP (recent low & weekly S1)
  • #16,706
  • Dec 13, 2012 3:03am Dec 13, 2012 3:03am
sorry, here's the pic
Attached Image(s) (click to enlarge)
Click to Enlarge Name: XAU_13.jpg Size: 114 KB
Click to Enlarge Name: XAU_H4.jpg Size: 99 KB
  • #16,707
  • Dec 13, 2012 4:07am Dec 13, 2012 4:07am
For that trade a would be looking at an H4/H2/H1 chart to pick an entry. Could be a good short, i would base my SL on the lower TF chart too. perfect TP point.
The trade for me here is a short out the bottom of that 1683 which will have the chikou span breaking through the bottom of the cloud.
Could do both.
Quoting Ciao_ciao
sorry, here's the pic
  • #16,708
  • Dec 13, 2012 4:52am Dec 13, 2012 4:52am
Quoting GeraldFX
It depends on the setup. I look at H2 also.

This is a trade I took for USDJPY yesterday.
Gerald

Quick question in regards to the preserve mode. This also comes back to our discussion in the messages about targets etc.

Say for example you open that trade as you pictured it with 1 full lot. Do you take a % off at the preserve mode and then move you Stop to BE or how do you handle the trade?

After your thoughts I will describe what I am still struggling with in regards to targets and letting it ride etc.
  • #16,709
  • Dec 13, 2012 11:21am Dec 13, 2012 11:21am
Quoting Krypty
Gerald

Quick question in regards to the preserve mode. This also comes back to our discussion in the messages about targets etc.

Say for example you open that trade as you pictured it with 1 full lot. Do you take a % off at the preserve mode and then move you Stop to BE or how do you handle the trade?

After your thoughts I will describe what I am still struggling with in regards to targets and letting it ride etc.
Hi, there are many ways to do it. You can take 50% off and let the rest ride, nothing to lose. My stops are always following the kijun sen. There are times market can do a run and trigger me with a loss. It doesn't matter because I just know that the market didnt manage to kick start a trend. If the trend is strong, the kijun sen should hold the container of the trend.

It is important mentality that as long you lock in your profits, it doesnt matter how much profits you are making. Real traders always look at risk, not rewards. There is no way we can get near to 100% off the market. Having said this, a trader then is able to be psychologically strong and be a better trader.
  • #16,710
  • Dec 13, 2012 11:22am Dec 13, 2012 11:22am
Quoting Ciao_ciao
whats up guys,GeraldFX what you think about this short trade for XAU
yesterday's candle was a gravestone tested the flat kijun,flat span B and weekly R1

1708 short entry
1734 SL
1683 TP (recent low & weekly S1)
Daily chikou still in cloud. I will wait for it to pop out.
  • #16,711
  • Dec 14, 2012 11:52am Dec 14, 2012 11:52am
Quoting GeraldFX
NZDCHF H4 is over extended. Looking to go counter trend setup when it breaks the H4 TS.
Got in a short position at 7815 H4 TS. Still holding.
  • #16,712
  • Dec 14, 2012 11:54am Dec 14, 2012 11:54am
Quoting GeraldFX
It depends on the setup. I look at H2 also.

This is a trade I took for USDJPY yesterday.
Got stopped out for nearly +50 pips.
  • #16,713
  • Dec 14, 2012 11:56am Dec 14, 2012 11:56am
Quoting GeraldFX
GBPUSD Daily setting up to go bullish with the future cloud about to twist and chikou about to pop out. What's your thought on this?
Got in at Daily TS 1.6086 still holding to possible retest high 1.6263
  • #16,714
  • Dec 14, 2012 11:58am Dec 14, 2012 11:58am
Quoting GeraldFX
Got in a short position at 7815 H4 TS. Still holding.
Great counter-trend trade - bit too advanced for me just now, but am working on it!
And great trade on USDJPY - thought about it myself, but had missed the move and didn't want to get in late to the party

Happy pipping

A
  • #16,715
  • Dec 14, 2012 12:01pm Dec 14, 2012 12:01pm
Quoting GeraldFX
Got in at Daily TS 1.6086 still holding to possible retest high 1.6263
You're getting great at these pullback trades - well done
Breakouts first for me, and then pullbacks once I master them
One step at a time to climb Mount Everest
  • #16,716
  • Dec 14, 2012 12:02pm Dec 14, 2012 12:02pm
Had an alert to wait for a pullback to H4 KS on an exotic pair EURSEK but it didn't happen. Market was very strong.

It is always "OK" to miss trades. No trade is always still a good trade.

Attached Image (click to enlarge)
Click to Enlarge Name: 2012-12-15-EURSEK.png Size: 89 KB
  • #16,717
  • Dec 14, 2012 12:04pm Dec 14, 2012 12:04pm
Quoting Austinc1972
You're getting great at these pullback trades - well done
Breakouts first for me, and then pullbacks once I master them
One step at a time to climb Mount Everest
Yes, agreed. It is always good to master one thing at a time. Keep it up! No more turning back ...
  • #16,718
  • Dec 14, 2012 12:04pm Dec 14, 2012 12:04pm
Quoting GeraldFX
Had an alert to wait for a pullback to H4 KS on an exotic pair EURSEK but it didn't happen. Market was very strong.

It is always "OK" to miss trades. No trade is always still a good trade.
Did you not fancy the breakout trade on this one?
  • #16,719
  • Dec 14, 2012 12:06pm Dec 14, 2012 12:06pm
Quoting GeraldFX
Yes, agreed. It is always good to master one thing at a time. Keep it up! No more turning back ...
No more chopping and changing for me!
  • #16,720
  • Dec 14, 2012 12:08pm Dec 14, 2012 12:08pm
Quoting Austinc1972
Did you not fancy the breakout trade on this one?
I was not willing to take that big risk. Therefore, i didn't took the breakout. Anyway, the market did reach my target, which was the monthly KS.
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