FX:AUDUSD   Australian Dollar/U.S. Dollar
766 12 35
6 months ago
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6 months ago
Comment: Once we hit the KS, it would make sense to go long with a stop at today's low
6 months ago
Comment: That means you have to close you CS trade with about 30 pips profit
6 months ago
Comment: I'm not sure i want to enter yet
6 months ago
Comment: I think I'll buy on a signal
It will be safer
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Related Ideas

highwisdom
6 months ago
I got in long down in the bear trap at 0.7276, so I'm happy with the current situation.

Am I reading this post so mean that further Bullish movement is expected due to the CS popping out of the cloud?
Reply
Ichimoku_Trader highwisdom
6 months ago
Very good

That would have been an excellent plan but what I accept for myself in terms of risk I do not accept for my followers. So I always like to get them in as safely as possible.
But I would assume that many of them did what you did which is very good

As for what's next. We are at a critical level on both H1 and the daily
The CS setup removes the stress of decision making for us because we'll be with the market either way. My expectation is that we are going up after a retracement, but let's just follow the market

Good luck
Reply
highwisdom Ichimoku_Trader
6 months ago
How do you define critical levels on various timeframes? I can't seem to find any correlation to the 1H critical level and any other point on the 1H chart.

On the daily, I can see that we are current at a 38.2 Fib (may 15, 2015 as high, Jan 13 as low).
Reply
Ichimoku_Trader highwisdom
6 months ago
It has to do with my Twaves and Pwaves
For simplicity just use the last period's high/low. You'll be right about 70% of the time

Good luck
Reply
highwisdom Ichimoku_Trader
6 months ago
I see. I may have missed that in one of your more recent educational posts. Will have to catch up.
Reply
Ichimoku_Trader highwisdom
6 months ago
I've also missed your contributions during the past few days

Welcome back
Reply
Professorr-X
6 months ago
I'm new to ichimoku, and one day i hope to effectively contribute. Thanks guys for helping me understand a bit more. :)
Reply
Ichimoku_Trader Professorr-X
6 months ago
Thanks for being with us
Reply
Professorr-X Ichimoku_Trader
6 months ago
Hello PTM, I was looking at the CS setup on AUDCHF H1 and its similar to AUDUSD on the H1, however, the H4 & D1 are not. Would you consider this a buy opportunity? Sorry to bring another pair into this discussion. Thanks for your response in advance.
Reply
Ichimoku_Trader Professorr-X
6 months ago
When i trade i only look at one timeframe
So if there is a CS setup on that timeframe, I'll go for it regardless what is happening elsewhere

Good luck
Reply
Professorr-X Ichimoku_Trader
6 months ago
Awesome, I just noticed all AUD pairs on the H1 has the same CS setup except AUDCAD & AUDNZD (their CS are forming), would you consider this as a strong signal or signal to buy those pairs? Thanks for your response in advance.
Reply
Ichimoku_Trader Professorr-X
6 months ago
no

For me, the CS setup is a sign of indecisiveness on a a higher timeframe
So whenever i trade it, I'm indifferent as to the direction of the trade.
Although I might try to optimize my entry sometimes, but that's as far as it goes

Good luck
+1 Reply
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