FX:AUDUSD   Australian Dollar/U.S. Dollar
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Comment: Once we hit the KS, it would make sense to go long with a stop at today's low
Comment: That means you have to close you CS trade with about 30 pips profit
Comment: I'm not sure i want to enter yet
Comment: I think I'll buy on a signal
It will be safer
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?
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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
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
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
I see. I may have missed that in one of your more recent educational posts. Will have to catch up.
Reply
I've also missed your contributions during the past few days

Welcome back
Reply
I'm new to ichimoku, and one day i hope to effectively contribute. Thanks guys for helping me understand a bit more. :)
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Ichimoku_Trader Professorr-X
Thanks for being with us
Reply
Professorr-X Ichimoku_Trader
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
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
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
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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