Guys, watch this trade closely until the trend is established
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This is the time for a brave short (high % failure) with a stop and reverse at the top 1.14290
The right thing to do would be to wait for a break of either side
Good luck
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Move the upper breakout level to the top of today's price
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We have just officially broken out. Please remember that this should only be 25% of your final position size Place your stop and reverse under today's lows
Good luck
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Guys .. please note that we are still in dangerous territory and the price could turn
We still need momentum to be comfortable with the breakout so stay cool and stick to the plan
Good luck
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Let's hope we hit 1.1518 today
That would be very nice
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well up to now the momentum is very weak
we need to get separation between price, TS, KS and the kumo to be comfortable If we reach 1.15 today then that will mean that momentum happens and that we can ride the wave further otherwise, we're probably going down very very far. No worries, we'll catch the down one for sure
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Please adjust the stop and reverse to 1.13700 and load the wagon if we reverse. Non of that 25% stuff
Good luck
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imaxium
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Also I believe we're in a ranging market, in which case Ichimoku doesn't really work well. What are your thoughts on this? Shouldn't we wait for guaranteed breakout (in either direction) before relying on Ichi?
Ichimoku_Trader
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wow
you must be new here man
imaxium
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New yes, but everything I've been reading online about Ichimoku advises only using it for trend trading.
For example: goo.gl/S1kMIA
I'm just trying to understand the reasons why you think this is not true.
thulasi
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Market has completed 5 waves to the upside a correction is imminent (nothing goes straight up nor down ) that's why I rely more on wave principle rather any technical indicator(we are dealing with human psychology not fix data like E= MC(sorry cant find squared sign) and only way to forecast next move is wave principle(though it is very tricky)
thulasi
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Euro is about to reverse as per 15 min candle doji . Usually, reversal occurs around 11 am est then continues till 2 pm.If the price stays below 1.1436 then reversal imminent .This time ,could go all the way to 1.12
Ichimoku_Trader
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We trend trade here my friend
Non of that stuff please
YannEstrada
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i hope EU go to 1.15 thanks Ichimoku trader :) superppp analisis
ADAMMAC
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Could be completely wrong here but key levels have formed a bat pattern on the weekly. Personally predicting for it to go down.
Ichimoku_Trader
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Here, we follow the market my friend
Thanks anyway
ADAMMAC
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Thank you for your constant supply of information!