I closed the Aud/nzd early as it has trouble getting to 1.1000. Nevertheless , since 7/24, I have added .031% (3.1%) to my acct; ichimoku is a well thought out strategy. Don't focus on just a certain indicator, the cloud, whatever, it is "Equilibrium chart at a glance" per IchiWiki. MetaSecret is correct I believe in trading the Daily, stop loss is tighter and, if a trades is in a loss or moving very slowly, ones margin exposure isn't as great. Trade well all, p.
I can be my own worst enemy at times. I studied the aud/nzd chart 2 days ago and decided that the chikou span double top would be a good reasonable take profit goal. As the trade progressed over the next 2 days I became hesitant, impatient, etc. Less than an hour ago price hit the double top. I just need to trust my original judgment. 
I don't want to be contrary with this trade but:
On daily chart, the pair reaches resistance. It is clear to see whole picture without any indicator.
and with ichimoku, price is far from tenkan and kijun, if price wants to go higher, it needs a support
more clearer with weekly chart
On daily chart, the pair reaches resistance. It is clear to see whole picture without any indicator.
and with ichimoku, price is far from tenkan and kijun, if price wants to go higher, it needs a support
more clearer with weekly chart
My usd/cad SL hit, I gave back all of the 3% I gained the last 10 days. Had I set SL & TP to the Weekly, first idea, but entered and followed on the D., I would still be alive without much more risk. Live & Learn. p
I am short aud/jpy @ 94.186; SL @ 94.690; TP @ 93.650{image}
+ at least the stop should be above 95.60
first reaction when price meets support
- #180
- Aug 9, 2014 12:55pm Aug 9, 2014 12:55pm
Hi there,
Anyone using ichi & elliott together? I am far far away from being good on ichi, i have only finished one book years ago on the subject but that helped a bit to understand the concept. If you know elliott a bit then look at how wave 2 and 4 fall on the other side of the cloud during a trend in both charts!. It is even better that i only need chikou and kumo for this. I didn't even use the price itself
I am waiting for a reversal as soon as 5th wave on second chart is done, maybe close to 0.819 area. I would be happy if any of would like to share a forecast on this pair(CAD/CHF) using ichi only?
Anyone using ichi & elliott together? I am far far away from being good on ichi, i have only finished one book years ago on the subject but that helped a bit to understand the concept. If you know elliott a bit then look at how wave 2 and 4 fall on the other side of the cloud during a trend in both charts!. It is even better that i only need chikou and kumo for this. I didn't even use the price itself
I am waiting for a reversal as soon as 5th wave on second chart is done, maybe close to 0.819 area. I would be happy if any of would like to share a forecast on this pair(CAD/CHF) using ichi only?