Ichimoku_Trader

Hands on Training of Rule #5 section 4

FX:AUDUSD   Australian Dollar/U.S. Dollar
821 16 51
For good breakouts, look for big candles. This will help you avoid the whipsaws
Brilloiant- thank you so much. Could we use the cloud to assist us with the direction
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Ichimoku_Trader SaeedRehman
You are welcome

Yes, you can
Your bias should be to buy ... I'm not saying only buy, I'm saying bias

Good luck
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m.pentaz Ichimoku_Trader
I can see the triangle pattern on the 25 candles, so was it a false breakout on top and then the long red candle a strong signal for short (especially if we take in consideration than price hasn not found the previous sopport located on line 1)?
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yes
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U could have sold at the bottom of the triangle after seeing the momentum
+1 Reply
tmugleston PRO tmugleston
Would this be an example of a break out option?
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with a bias to the upside
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Thanks for this very helpful. Just to confirm - would the a upper or lower wick breaking the levels be regarded as valid or are we really looking for a close as happened with the large bearish candle?
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KS25 setup...
+1 Reply
MC2016 PRO Ichimoku_Trader
Ok, great thanks for this. MC
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;)
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This chart is superb to understand breakout and how market respect red line after some many hours of breakout.

After 5 days of breakout - 'Ichi' is like 'who is boss now' , just kidding ;)

But it is amazing slide and how market makes you boss. :)

Thank you.
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Thank you
I'm glad you like the slide...
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This is an awesome trade set up. I love how the Ichimoku system is and all in one system that includes breakout signals !!
Thank you again for sharing your knowledge and experience
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Thank you
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