The market has given us a nice low risk trade now. Buy at market risking about 35 pips to the critical level Stop and reverse at the critical level.
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I hope everyone got into this one
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We are now BULISH
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We are also up about 65 pips
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we are also at WR1 0.7248and I expect we will be there for a while
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So please try to optimize your positions from here until things are clearer
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Once we break the high, we can have a nice stop just below the low that just formed but only after we break the high please
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almost there
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Top broken
Move stops please
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Expect another optimization stop at 0.72674 again, sell part of your position and re-buy it on the re-entry but this time maybe low (I'll let you know)
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unfortunately, I have to leave you guys with this trade and about 80 pips as i have something to attend to Don't give the market your money. if you see something please tell the others. Feel free to use the chart to communicate
Good luck
Trade closed: target reached
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Comments
MarcielSouza
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I've got these two legs, there will be third?
Ichimoku_Trader
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yes
stay with it until you get a close below TS
then re-enter at KS for the next big thing
good luck
Professorr-X
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Quick question Ichi_T, what/where is WR1 0.7248? Thanks
Ichimoku_Trader
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yes
Renegade7
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Ich thanks, took that trade yesterday, starting to understad better what your seeing. Got out under a pivot R3 level and former swing high at .7240. It worked out. Did same for the pound trade and made out as well. The pound had quite a reversal though. Wonder what happened. I will push the like button :)
Ichimoku_Trader
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Thanks
be nice with the pips
Professorr-X
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My question was ... what does WR mean? Thanks
Ichimoku_Trader
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WR= weekly resistance
it is a pivot point
_chris_
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Not sure where the "like" button is, sorry. So publicly I'm gonna say THANKYOU!!
Ichimoku_Trader
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The like button is top 2 thirds of the chart, to the left
Your public tank you is worth a 100000000 likes