I am sorry but I will not be able to comment on this chart any more it is a good trade but please take care of it each man for himself
Good luck
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PC_8009
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Jon88
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Hi you there again, I have some few questions if you don't mind. When we use 4HR Time Frame as reference for entry point,how long does it take to expect the course of direction to shift? Should it be monitored under the same time frame or in the lower time frame? What is the normal range of pips in a day for a continuous momentum, inclusive of retracement period? Your response to these queries are highly appreciated!
Ichimoku_Trader
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Hi
When we use 4HR Time Frame as reference for entry point, how long does it take to expect the course of direction to shift?
H4 = expect 1-2 nice weekly moves
Should it be monitored under the same time frame or in the lower time frame?
When you trade use only 1 timeframe. When you analyze, do whatever you want
What is the normal range of pips in a day for a continuous momentum, inclusive of retracement period?
That depends on the the timeframe, the pair (FX) and the market conditions. So it does not have 1 answer
Good luck
Jon88
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Thank you for these insights. Have a wonderful weekend!
Ichimoku_Trader
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You too
KimNisar
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BTW, there are a lot of newbies here who are eager to learn from you. it would be great to have a webinar to learn.
KimNisar
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Thanks. I think our first TP will be 0.73007 as this is first fib level for this breakout. from there it may retrace for a while.
Ichimoku_Trader
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that's if we maintain a range
but we might break out of it because the downward movement is impulsive
KimNisar
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a question. according to mm, if we have equity of 1000$, what lot size we should use on a trade?