Ichimoku_Trader
Long

Nice and simple - very low risk (start with the buy)...

FX:EURUSD   Euro Fx/U.S. Dollar
1010 20 54
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Comment: Once we reach WPP, sell 75% and keep the rest so we see what happens next
Nice easy pips
Comment: What ever you leave open of the position, please place stops just under the KS
Comment: Target reached
optimize your positions now please
stops just under KS
Comment: Move stops to the new bottom just below the WPP
ok guys. This is the last update
Just conclude this trade as you like

Happy pips
Trade closed: target reached
Thank you for the analysis, interesting as always! I have entered long at 1.11320, what is the target to reach before we switch to short?
Reply
Ichimoku_Trader Professor90
Currently, we should expect to reach the WPP (pink line). There we have to watch what happens as this week is NFP week and today is the end of the month and everything is sitting on the edge. So I'm expecting some crazy moves and that's why we should be very careful and take only short term positions.

As for the reversal, well, once we break the low, we can reverse the position. Again with great care

Good luck
+1 Reply
could be but on the daily, we are now at the edge. The problem is that we do not have a lot of room down (I expect less than what you are forecasting) and the a correction is very close

Let's wait and see
Be careful
good luck
Reply
masud18993 Ichimoku_Trader
technical and fundamental analysis says that. according the speech of yellen. :P
Reply
Yo do not have to convince me and you do not have to defend your point of view. I respect it
We all trade our convictions so just go for it.

good luck
+1 Reply
masud18993 Ichimoku_Trader
:P :v
Reply
i don't know what that means?
i hope it is good
Reply
masud18993 Ichimoku_Trader
i follow you. i m very younger. so i want to show you that am i right or not sir? i m huge fan of ichimoku analysis. thanks sir for ur response
Reply
Thank you very much

All my respect to you and to your idea. i hope you will become one of the top traders in the world in the future

Good luck
Reply
By the way... Your logic is solid
Reply
masud18993 Ichimoku_Trader
thanks again :)
Reply
let me know how you are progressing

good luck
+1 Reply
masud18993 Ichimoku_Trader
ok
Reply
Yeah, the fed meeting brings up a great point.
IT, how do you handle stop loss hunters? Let's say the feds decide not to raise interest rate, then it should strengthen this current possible reversal in the trend.
So what happens if the big boys try to manipulate price and dump euro to snag up cheap stop loss orders, before the price rebounds in the new trend?
Yet this doesn't always happen so...

Do you in this example of potential long:

A) Keep your stop loss orders same as ever, and have 2nd buy limit order at a much lower level to protect yourself if that scenario happens (then you beat stop loss hunters at their own game).
or
B) Wait till all the smoke settles before even thinking about getting into the trend?

Thanks in advanced!

P.S. I've added a kijun-sen tenkan-sen script to my existing TA pine script.
I take the 'adjustable' average of the 2 and add it to my strategy to help filter out noise by checking my existing conditions to only fire when ichi is favorable to movement in that direction! long: change(avg) >= 0 or short: change(avg) <= 0
Works great! Adds an extra 5 - 10% on most charts! Cuts drawdown by about the same amount!
Reply
Ichimoku_Trader Craig_Claussen
As for your script. SSA is almost exactly that

As for how to handle the news and the stop hunters (manipulation). Well , i previously did a slide on that. I'll put them below

NFP .. or not to be, that is the question!!!


NFP .. or not to be, that is the second question!!


Good luck
Reply
Craig_Claussen PRO Ichimoku_Trader
Ahh... Thanks! Sorry I didn't know you already had a slide out for such a scenario. Much appreciated
Reply
Ichimoku_Trader Craig_Claussen
no problem
I like it when people mention stuff I already published. It gives me a reason to republish them and reminds me how important they are

THanks
Reply
saad2 Ichimoku_Trader
what is NFP?
Reply
NFP = Non Farm Payroll

It is an important statistic that affects the USD
It takes place every first Friday of each month
Reply
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