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Ichimoku_Trader
May 11, 2016 3:08 PM

CS setup time... 

Euro Fx/U.S. DollarFXCM

Description

Let's do this...
Once we are in this baby, we are going for a while
So get ready for a loooong ride
but first things first .. we need our entry to be nice and cheap
and we need to get out of this area we are in now and away from the kumo
Only then will I feel more comfortable

Good luck

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I am currently holding 25% of my original trade
I will add another 100% on a retrace and I will do that every day (sell 75% on a target and add 100% on a retrace) until the market kicks me out of the trade

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Everyone who does not know the CS setup from my PanOptic Method, here it is below:

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Our setup is building perfectly
Don't be late .. once you get the entry, go for it

Good luck

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those who sold the CS setup please tighten stops as we are now approaching the DPP where we might start the upward move. By my count it is about 30 pips from the top. Congrats

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Those looking for the entry: wait for a strong signal to be sure. As you know AUDUSD has flipped so let's just be careful.

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SSB looks like a nice place to buy

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That is a risk of about 21 pips

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Stops at 1.13680

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I entered at 1.1390 at SSB
Now moving my stop to 1.1378
Risking 12 pips only

Good job
Now we have a very low risk trade

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Are you guys still alive???
Give me a sign please

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Thank God...
At least some of you are alive

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What to expect:

This trade is still in danger because the market has given us mixed signals. AUD broke the lows and is now bearish, GBP broke the highs and is still bullish.

So people are now confused. This confusion makes me feel uneasy until we break the highs

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But now we are risking only 12 pips so no big deal
and if you go up and clear this hole we are in, we are probably going for a while

I'll keep u updated

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GBP has almost reached WPP. That is the point I expect we might move down from
AUD is already bearish
EUR is stuck in the middle.

My plan:
Tighten stops .. a lot and start looking at AUD
I already have a position there at the KS

So please be careful

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Once we reach the KS I am dropping half of my position and I'll keep half

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50% sold with 25 pips
So I am now at breakeven even if we hit the stop

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Free trade time

Trade closed: stop reached

out at breakeven
Comments
viran108
what was that?
tchico13
yes I am long and I resume if the price closing above Kijun
Ichimoku_Trader
ok

Well, if price moves above KS before making a pivot there it is meaningless except for the psychological feeling of being above 50%
tchico13
I expect the price close above Kijun to go long
Ichimoku_Trader
We are long
PowerOfCapital
just wondering what price.
enclyptia
we can enter now sir?
Ichimoku_Trader
on this chart .. no please
enclyptia
oh i thought that was meant when you updated a comment free trade time its ok i didnt entered waited for confirmation which one can we enter?
Ichimoku_Trader
ok
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