Ichimoku_Trader
Long

Going down .. Going up..

FX:AUDUSD   Australian Dollar/U.S. Dollar
626 12 31
10 months ago
I'm not too keen to join this down move because we are moving counter-trend and have almost reached the kumo. Also, look where CS             is. It is so far from turning the market bearish . So, I'd rather just wait to trade a bullish move.

Once we go into the kumo, this momentum you see now will start disappearing and things will change. As new developments take place, we will decide how to proceed forward

Good luck
10 months ago
Comment:
May
10 months ago
Comment: If you have conviction about this pair going down still and woud like to enter, take a level 4 signal on H1. Then place your stop just above the previous top that will be created

Good luck
10 months ago
Comment:
NFP tough, that
vijaylaxmi
10 months ago
Hi, what does the CS say? How do you deduce that CS doesn't point a bearish turn? Understand that the Kumo here acts as a support on Daily, it seems broken on 4H and 1H, do you make trend decisions on Daily and only entry decisions on lower TF?
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Ichimoku_Trader vijaylaxmi
10 months ago
Hi

CS is just closing price moved back 26 candles. So u can see in price action what you can see in the CS so no need to look where it's pointing.
CS does have very important uses though that I will talk about later.

As for multiple timeframe trading analysis, I've said this so many times and I will say it again:
Trading decisions must be simplified. You must only look at what is critical to your decision otherwise you will be confused. Multiple TF analysis is not important in trading decisions with ichi. YOu have everything you need to know when you look at ichi. So don't look except your chart to decide what to do. Analysis for non-traders is another issue.

Good luck
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SkyrEk
10 months ago
With NFP tomorrow, do you see AU shooting upwards? If yes, to what price levels?
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SkyrEk SkyrEk
10 months ago
ATM, it surpass your mentioned critical level :)
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Ichimoku_Trader SkyrEk
10 months ago
I'll get back to you
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SkyrEk Ichimoku_Trader
10 months ago
Appreciate it :)
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Ichimoku_Trader SkyrEk
10 months ago
during NFP, I only focus on one pair, EURUSD

I'll see if I have time to take a look at AUD but as a general rule, if you are not awesome, do not trade NFP. It is very hard

Good luck
Reply
SkyrEk Ichimoku_Trader
10 months ago
alright, thanks mate!
Reply
Ichimoku_Trader SkyrEk
10 months ago
My pleasure
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FXSpider
10 months ago
Im trading too, but with small position.
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Ichimoku_Trader FXSpider
10 months ago
great
Reply
Vytasbcn
10 months ago
The bear trap has developed already, by the looks of it.
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