Ichimoku_Trader
Long

Let's do a CS setup to the kumo...

FX:EURUSD   Euro / U.S. Dollar
866 17 42
..
Comment: Guys,
We want to catch this guy going down
We are now ST bearish (so with the big trend)
This might be a very important trade for us
Comment: ok guys..
Unfortunately, I have to go. So I'll leave you here having fun and i'll be back in a few hours.
You can pass the time liking my charts ;)

Don't give the market your money please
Comment: CS setup on the go..
I think I might keep this position if this candle closes nicely
Comment: I guess not...

lol
Happy weekend everyone
can it go back to 1.1100? soon?
Reply
turkey did that
Reply
Have a nice weekend too
Reply


If I understand correctly the CS is breaking the TS and almost the KS and almost pierces the cloud indicating a shorting position, but this appears to be in an up trend. So Why is it not a good idea to buy the low here if it is trending up?

Does the CS breaking the cloud automatically indicate a trend change, therefore Shorting is now the way to go?

Also what is that pink horizontal line mean?
In addition is the 0.00358 the sell zone?
Reply
Mavarick22 Mavarick22
sorry double post, I'm not sure how to delete.
Reply
I'm not sure you can
Reply


If I understand correctly the CS is breaking the TS and almost the KS and almost pierces the cloud indicating a shorting position, but this appears to be in an up trend. So Why is it not a good idea to buy the low here if it is trending up?

Does the CS breaking the cloud automatically indicate a trend change, therefore Shorting is now the way to go?

Also what is that pink horizontal line mean?
In addition is the 0.00358 the sell zone?
Reply
The CS setup assumes continuation not reversal
The pink line is the WPP
Reply
Mavarick22 Ichimoku_Trader
what does WPP stand for?
Reply
weekly pivot point
Reply
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