Down, down, down.... Short

Euro Fx/British PoundFXCM

Description

⋅ May 26, 2016 5:28 PM

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1. Every time you reach the top of the triangle, sell with a level 2 signal
2. Stop just above the latest top
3. Target the other side of the triangle

Good luck

Comment

⋅ May 26, 2016 6:13 PM

This trade is fine even if it goes into the reversal zone. So it does not have to keep trading in the triangle to be ok

However, if it goes up too much (but not outside the reversal zone), use a level 4 signal instead of a level 2 signal

Comment

⋅ May 27, 2016 6:47 AM

I just love this chart
It is so interesting to watch

BC perfection

Comments

_chris_

⋅ Jun 1, 2016 12:38 AM

Dear Ichi, what is meant by the level 2/level 4 signals? Cheers.

Ichimoku_Trader

⋅ Jun 1, 2016 5:55 AM

mahmoodnoori

⋅ May 26, 2016 5:36 PM

Thanks .

Ichimoku_Trader

⋅ May 26, 2016 5:39 PM

My pleasure

pop33m33

⋅ May 26, 2016 5:56 PM

Ichimoku_Trader

⋅ May 26, 2016 5:58 PM

ok. Thanks for sharing.
Our entry is a level 2 signal so we are not in yet

keep us updated how it goes for you

robrob80

⋅ May 27, 2016 7:36 AM

I close my positions

Ichimoku_Trader

⋅ May 27, 2016 7:37 AM

why?

robrob80

⋅ May 27, 2016 7:42 AM

Hit my limit point. 0.7615 , I enter avg 0.763 will catch it later again

Ichimoku_Trader

⋅ May 27, 2016 7:43 AM

I have no idea why you entered and no idea why you exited but I'm sure you have a logical reason

Good luck