FX:EURUSD   Euro Fx/U.S. Dollar
297 43 12
Daily
KS is up
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Thank you

Good point .. anything else?
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Sorry, TS is up.
AO flat on the downside
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Actually, TS (orange line) is down, KS (blue line) is up just as you said before
As for AO, it is over the water line which is bullish but red which means correcting

Anything else?
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Price still above kumo
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ok
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Price found support on the KS
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ok

Anything else?
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Still not TS/KS cross on the daily chart
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nice

more?
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CS is almost crossing the price
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ok

anything else?
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It means that there could be soon a price reversal?
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how did you arrive at the conclusion?
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Price is between TS and KS. Which part the breakout?
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price being between TS and KS is just a sign of retracement usually regardless whether it flips or not
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miau68 Ichimoku_Trader
OK. I see.
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miau68 Ichimoku_Trader
However, the power of Ichimoku technical trend trading charting system is fantastic.
For trading opportunities, do you suggest to follow the daily chart, 4H or 1H chart?
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It depends on the frequency of trading you want to do

If you trade D1 you will probably get a trade per month
H4 a trade per week
H1 a trade per day

So it depends what you want
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miau68 Ichimoku_Trader
Do you think it's better concentrating on just one pair or following more pairs? I noted your trades are on EURUSD.
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Personally, I found it more profitable to trade 1 pair while just keeping an eye on some others (for me it's the majors)
Some people like trading more than one pair

I think concentration is good
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It's not a conclusion. Just a possibility. Till the price is above kumo, the chance of a reversal is on.
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So how would you trade this chart?
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miau68 Ichimoku_Trader
If today close will be below KS then SHORT with first target Senkou Span A.
If not I will stay flat. I don't want to open Long position before the price is below 1,1465.
And you? What are you doing?
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wow ..

Why would you think to short? What supports that argument in your mind? and what goes against it?
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miau68 Ichimoku_Trader
The price KS cross is one of Ichimoku rules. I know that the cross is above kumo and the bearish signal is weak. If the price go down I'm sure the KS ( now is up ) will reverse in the opposite direction. Otherwise I prefer to be flat.
Have you different strategy in mind?
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well first of all, whenever you consider a trade, you should first consider the market structure and condition.
After the, you can start looking at the tactics of entry, stops, MM and exits

So as a trend trader, I have a few questions I have to answer before deciding on tactics:
1. Is the market moving up or down
2. Is this move impulsive or corrective
3. Where are the limits of this move
4. How long has the move been going on for
5. Is it weak or strong
etc.

According to the outcomes of those questions, I would then decide how to approach the market

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miau68 Ichimoku_Trader
You're right. I simply want to follow Ichimoku rules. Also because I think us dollar structure is at the moment positioned for a good bounce in the in the next days ( before going down again ). That said, I think EUR/USD can reach 1,1150 in the next 3-4 days ( before Fed meeting ). Taht's what I think. My SL is above 1,1380.
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good luck
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miau68 Ichimoku_Trader
You're welcome.
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My question with this chart was about those strategic issues rather than the tactics ;)
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Hi Ichimoku. Actually I got a question not related to EURUSD. I have a sell of S&P500 at 2100 level. Do you think it has room for more up or it will start to go down to 2000 level? Thanks.
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can u show me a chart pls
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SyedAnuar Ichimoku_Trader
snapshot
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Wow, what a mess

I can't see anything
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SyedAnuar Ichimoku_Trader
snapshot
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SyedAnuar SyedAnuar
if u notice, there's a 4hr bearish divergence
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ok

I know that you know that I trend trade. So I don't look for tops and I advise you not to because it is just guessing. Just follow the market.
Now the market is bullish, enjoy it and look for a bullish entry

Good luck
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SyedAnuar Ichimoku_Trader
Ok thanks. I overlook on your trading strategy. You are a trend trader.
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yes I am
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maybe eu up again
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KS is pointing up,price is between KS and TS,price found support at KS,the retracement is over and you can begin to buy
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Ichimoku_Trader tmanuelasorina
Sounds good,

I put this chart up just to see if anyone will see the weakness of the market through the pitchfork
Notice that we have gone up 3 times and for so long but not once has price been able to go up to the median line. A definite sign of weakness to come...

Thanks
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