FX:AUDUSD   Australian Dollar/U.S. Dollar
1759 85 44
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Comment: If you have not entered yet, your next great chance will be with a close below TS
Comment: Updated...
Okay so I am new to following traders. This was my first "follow" trade so I need some clarification. I took this trade with real money, (only 2k units). was pleased to see the trend downward and at the lowest point I was going to make about $10 if I closed. However, I did not close because the goal line was still significantly lower than where it hit bottom resistance. I set my stop where it was advised and then as you know the price went above stop and closed the deal, which was a $5 loss for me. No big deal, obviously a practice run. But anyways I need clarification on how this whole following system works.
Statistically, was I supposed to do what I did, and wait for the price to reach the goal line? Or, should I have been wise enough to close when the price showed a rebound upwards? Im trying to trust your judgement rather than my own to see if thats a profitable tactic. I wanted to close but I held open because of your goal line. So basically, should I follow your goal lines and stop losses strictly for higher probability compared to my novice ideas? Or do I need to develop a lot more of my own sense of when the market is changing in order to make this high probability?
Did you follow your own advice strictly and end up with the same pip loss as me? or did you close at the bottom of the trend?
Thanks for your time, I know this is a lot of questions.
Reply
Ichimoku_Trader Dreammotive
Thank you for your question...

First of all, I really don't like that you or anyone else just follow me.
Since I came on tradingview, I have made it my objective that those who follow me are educated with my methodology and then through watching my trades until they are able to trade independently like me or even better. So let's agree on that as a joint objective.

That being said, we come to secondly...
I am quite a good trader myself and my win loss ratio will make you money BUT just like all traders, I sometimes make bad decisions and I sometimes lose some trades. When that happens, it is always calculated. So if you are just starting out and you just select to sometimes join and sometimes not then that might cause you a problem in terms of the win loss ratio because you might end up with my bad trades only.

So my suggestion to you is as follows:
1. Learn my method
2. Follow all my EURUSD & AUDUSD trades
3. Select the trades that you like with the other pairs
4. Study what I do whether I win or lose so that you will gain the experience
5. Try to judge what will happen with the trades before it happens as practice

and from there I think you will soon become a winner
Good luck to you
Reply
Dreammotive Ichimoku_Trader
I understand. And Im not following blindly. Im trying to study every trade you post and learn the reasoning behind it. I just wanted to know, was I supposed to make money on this trade? Or do we mark it off as one of the hopefully more rare exceptions of a false call?
Like, you're saying, keep following all my trades and the net result is likely profit, however this was just one of the bumps in the road?
Thanks again for your time and be sure I am not blaming you at all for anything.
Reply
Ichimoku_Trader Dreammotive
ok
Reply
Thanks for the pips :)
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Ichimoku_Trader amrsoliman2000
hopefully there is still more..
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amrsoliman2000 Ichimoku_Trader
I certainly hope so ..
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do you think it will hit 0.7370 ? im thinking to take half profit at your target and leave it to 0.7370 ?
Reply
Take profit at my target
Reply
Tradewonk Ichimoku_Trader
okay thanks :-)
Reply
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