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Once we reach WPP, sell 75% and keep the rest so we see what happens next Nice easy pips
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What ever you leave open of the position, please place stops just under the KS
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Target reached optimize your positions now please stops just under KS
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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
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Comments
Craig_Claussen
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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!
Ichimoku_Trader
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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
Good luck
Craig_Claussen
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Ahh... Thanks! Sorry I didn't know you already had a slide out for such a scenario. Much appreciated
Ichimoku_Trader
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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
saad2
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what is NFP?
Ichimoku_Trader
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NFP = Non Farm Payroll
It is an important statistic that affects the USD
It takes place every first Friday of each month
masud18993
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Ichimoku_Trader
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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
masud18993
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technical and fundamental analysis says that. according the speech of yellen. :P
Ichimoku_Trader
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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.
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!