FX:AUDNZD   Australian Dollar/New Zealand Dollar
1365 45 37
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Comment: We have a break to the downside and it looks like it was just a fake BO
Comment: maybe not..
Guys, remember how we trade this
1. we sell on the break
2. Stops just above the BO candle (so we are still in)
3. If we get stopped, we wait for a retest and consolidation to breakout or reversal to enter at the other side
Comment: Entered short at the WPP
My stop is just above the current candle
Comment: My risk is less than 10 pips
Trade closed manually: I'm leaving this trade now .. not for anything except that I'm bored with it
~50 pips up is not too bad
Have a good weekend everyone
Comment: I'm bored with it AND we are at the bottom of the bigger range...
If you wanted a logical reason..
I think to the up, do you wait for it to close outside of the triangle?
Reply
no
I buy the break and i watch it. If it does not have momentum I close it with little profit and I buy after a break of the retest of the triangle
+1 Reply
Thankyou. Will watch with an eagles eye.
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awesome
Let us know if we miss something
+1 Reply
chhabrakaran37 Ichimoku_Trader
enter into buy position on the BO right?
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Ichimoku_Trader chhabrakaran37
yes
+1 Reply
chhabrakaran37 Ichimoku_Trader
thanks
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Ichimoku_Trader chhabrakaran37
my pleasure
+1 Reply
nice!
Reply
thanks
+1 Reply
Triangle broken, I am in. Not sure of target though, lowest low at the other end of the triangle?
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aziz.au aziz.au
Got scared seeing the big bull candle, came out with a small loss (8 pips)
Reply
why did you lose. You went in late
You should always enter on the break and watch
+1 Reply
great
+1 Reply
chhabrakaran37 Ichimoku_Trader
I am getting confused are we looking to buy in this trade right now of no?
Reply
Ichimoku_Trader chhabrakaran37
Do you know how to trade breakouts?
if not, then read my comments above where I have explained it

Good luck
+1 Reply
chhabrakaran37 Ichimoku_Trader
I thought i knew. But confused now
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Ichimoku_Trader chhabrakaran37
well is it clear after you read my comments?
+1 Reply
chhabrakaran37 Ichimoku_Trader
Still trying. But getting clearer. Thanks
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Ichimoku_Trader chhabrakaran37
ok
+1 Reply
I believe we are still ranging. I draw my lower limit from 10th of June lows where this range started. Still no breakout yet in my eyes.
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what is WPP value?
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Weekly pivot point add pivot point to your chart.
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it is the pink line on the chart
+1 Reply
Don't you think the trend changed into buy just now ? how much possibility do see for it to rally to 0.74695 ?
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I'm not sure
+1 Reply
Masihh Ichimoku_Trader
im down 14 pips, and I want your advice here ! should I close and wait or should I keep it with the hope for trend to change back to sell ?
Reply
My friend...
This is a range. It has not been a trend for a while
So in ranges, it is like guess work. Noone really knows when or where or how or for how long things will move or stop
So when I say "I'm not sure", you have to be sure that I am giving you my honest answer.
We trade ranges with the knowledge that we might get whipsawed because the payoff is potentially great.
Also, if you look at my educational material, you will notice that I trade breakouts with only 25% of my usual lot size .. now you know why

Good luck
+2 Reply
Masihh Ichimoku_Trader
My Friend :)

I appreciate your reply and it mean a lot to me, I only traded 2% of my margin on it so even if I loose it would not be a big deal ! just wanted to ask your opinion as I really like your past ideas ...
Reply
Glad to hear it and thank you
I try my best and I hold nothing back..

Good luck
+2 Reply
price being pushed down by 10ams on downtrend. was starting to sweat. love your work bro
+1 Reply
Thank you
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I will be waiting on that one.

snapshot
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geez, kiwi dont give up easy!!
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We've been laughing at this trade since yesterday...
It seems as if it just doesn't want to move
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Alland296 Ichimoku_Trader
this thing gonna fight like hell all the way down, gartley pattern after gartley pattern!!
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are you busy??
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Alland296 Ichimoku_Trader
yeah, watching grass grow. LOL
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;)
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that would be now an expanded triangle?
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Ichimoku_Trader MarcielSouza
only if we close without a break
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Made around 150 pips so far is there room for more? :)
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Ichimoku_Trader amrsoliman2000
the infinity trade
I'm glad you're in it too
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Are we still in this trade? It looks like the current candle approaches toward giving a chance for re-entry, if I am correct. I would consider re-entry at 1.0454. What do you think?
Reply
Yes we are and why not
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