FX:EURUSD   Euro Fx/U.S. Dollar
1514 117 48
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Comment: Any ideas?
Comment: A very very important lesson to learn
You all know what a head and shoulders pattern is
Look at the KS. What does it look like?
Comment: So how do we trade H&S?
Any patterns guys with us?
Comment: Anyone on how to trade head & shoulders?
Comment: HEAD & SHOULDERS ANYONE?
Comment: PLEAAAAAAAAAAAAAAAAASE
Comment: Is no one going to ask me the very important question that should now be asked?
Comment: Someone please ask me the question!!!
Comment: I'll post the H&S setup in a few moments
let's now focus on GBPUSD as it seems to be moving
Comment: How to recognize and trade H&S using KS:

Guys, buy the way, you are sooooooo cheap with the likes
Comment: H&S now in play
Comment: ok so now you've seen how it plays out
I'll explain in it in details first chance I get
Comment: Someone in our group ananora23 said:

While waiting for Ichi explanatory slide for this type of set ups....would anybody who SEES the head and shoulder pattern stick an annotated chart for us blind traders to see lol lol
I still think it has space to move lower but I can't see a trade set up here or potential entry... as it's consolidating I would wait for a break out of this wedge before i do anything
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Ichimoku_Trader DavidMarcy_TradeHuntFx
ok

any expectations for the breakout direction?
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well the price is below moving averages and in a downtrend. With the dollar looking strong this week a downside break is the logical directional move
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Ichimoku_Trader DavidMarcy_TradeHuntFx
ok
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Is it a falling wedge? Going up once touches the bottom line...?
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ok
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aziz.au Ichimoku_Trader
But Ichi, are such patterns reliable in 15M charts?
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So let's try

How do u trade H&S?
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up because the price is right to move across the cloud
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ok
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If we broke again 1140 1h. I would go short ... but with a strict stop loss. What do you think ?
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Well, as you know I never trade multi timeframe
So let's keep it here
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Me too.
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ok
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I will just wait and do some DIY :D I think it is not decided if to go up or to resume the way down...
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good position
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Wait for the break
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Ichimoku_Trader alex.cerda3
Any direction preference?
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:) wow
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What wowed you?
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so what is your decision?
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Vytasbcn Ichimoku_Trader
I am waiting. Though the highest probability is continuation of the bigger trend on a daily TF. I will wait for the price to go to KS on an 1H and then wait for the signal. Though in 15M I see red candles with bigger bodies than green ones, looking like green ones are consolidating and bears are pushing slowly. I will wait.
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I would wait too ... forever .. if I did your analysis
It is just very confusing so I would never be able to make a decision
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Vytasbcn Ichimoku_Trader
Hehe. Here lies my problem! :D Well pin-pointed.
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well lessen your analysis
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seems like half head and shoulders
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True. It is completing
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I think going down with giving us s stop loss level.
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what do u mean?
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I see a breakout to the upside for a little retracement. Internal div + green kumo.....I will wait and see what the market is going to say.
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ok, so down but after a retrace
sounds good
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I think it will fall until 1.107 this week
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Ichimoku_Trader DanielAnthony
ok
+1 Reply
Reversed H&S are OK on downtrend but normal H&S is only at the uptrend
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Ichimoku_Trader captain_smollett
yes true but with KS it is a bit different
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Once you find the neck line you then should entry when the neck line is broken and the take profit should be the distance between the neck line e the top of the head
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Ichimoku_Trader Riccardo.Lovo
thank you
can you invent a similar concept to apply to KS?
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Riccardo.Lovo Ichimoku_Trader
Here I don't see any clear H&S pattern so far, once I find some on some charts maybe I will find a characteristic movement on the KS
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Ichimoku_Trader Riccardo.Lovo
Not price
look at KS. It is very very clear
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Riccardo.Lovo Ichimoku_Trader
the first shoulder starts at 9:30 and then after the dip (head) it goes down. The question is: how can we find our target in this case?
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Ichimoku_Trader Riccardo.Lovo
Exactly as you would with a price H&S
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Riccardo.Lovo Ichimoku_Trader
So in this case the neck line is 1.114 and the highest point on the head is 1.1152, therefore a target of 12 pips?
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Ichimoku_Trader Riccardo.Lovo
Yes if you take the normal signal
But here our signal is arlier
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Ichimoku_Trader Riccardo.Lovo
except use KS values and then translate them to price
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1st shoulder and head seem to be completed... up for the 2nd shoulder ? or I'm wrong ?
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val_trader val_trader
Top of 2nd shoulder 1.146 ?
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ok
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I think we are now making the second shoulder
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So, is KS is kind of the neck line? Once broken, long?
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KS actually with a little help from TS create a perfect H&S shape. The signal to take here though is much earlier than the price signal so it is a much better trade
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Ichimoku_Trader Ichimoku_Trader
Now, when the head is on top, will you go long or short?
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MANOLIS PRO Ichimoku_Trader
Short
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off course
So don't get why you keep wanting to go long Aziz.jpn
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aziz.au Ichimoku_Trader
I actually saw an inverse H&S first. Then I realise (as you said) its a real H&S. But ignorant of use of H&S in down trend, as I just learned by the book. TS crossed KS from above. That surely means short. The question is how does KS gives us the signal early?
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YES
that is the question
thanks you
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aziz.au Ichimoku_Trader
Basically my ignorance is confusing me.
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no worries
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Vytasbcn Ichimoku_Trader
short
So it need to retest the right shoulder and when the price touches KS we go short?
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Also nice but you might not get in sometimes
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Vytasbcn Ichimoku_Trader
touch TS? It has just done now
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yep
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we could probably get the same breakdown
after this consolidation phase :))
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yes .. but you will see better results after someone asks me the important question
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Let's See
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Here I would wait the CS to touch the SSA as a retracement, which shuoul coincide with a retrace of the price into the resistnce line and also on the KS and then enter a short
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Riccardo.Lovo Riccardo.Lovo
SL at the critical value 1.1158
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Ichimoku_Trader Riccardo.Lovo
ok
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Ichimoku_Trader Riccardo.Lovo
hmmm
interesting. What is the logic?
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Riccardo.Lovo Ichimoku_Trader
It is appening now, the logic is that we have a downtrend, so the entry point is the KS which is the fair market value. The structure of this triangle is also support this idea with the breakout. Furthermore KS, TS and SSA are going down after the long retracement that we had after the big move to the downside
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Ichimoku_Trader Riccardo.Lovo
nice job
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Riccardo.Lovo Ichimoku_Trader
Thanks, is that something you woudl trade too or you are seeing something different happening here?
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Ichimoku_Trader Riccardo.Lovo
yes it is one of my setups
it has details though
I'll give you the major setup in comments in a few moments and the details in a slide soon
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I still couldn't find where is the H&S formation that is forming?
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Ichimoku_Trader CryptoTraderOne
look at KS / u will see it
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why head and shoulders are turned?
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what do u mean?
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How do we identify Entry levels, stop levels and price targets of the right shoulder ?
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very good question
I'll post it in the comments so every one can see it
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The H&S is very clear now. Hi Ichi, how do you recognise it so early? Please teach me how to trade such H&S in such scenario.
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Yes I will post an intro in the comments of this chart in a bit
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where is headandshoulder?
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loOk at ks
you will see it
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Hey Ichimoku_Trader, thanks for your thoughts...where do you see any H&S? .i always take the breakout direction of the main trend, but that depends on your focussed time Frame. I prefer the Big trading box and still stay short, on any timeframe. I just adjusted my sl to secure the short-profit. i stay short as Long as the pair is trading below 1.13131 - the 0,38 fibo retracement.
good luck to anyone
Shorttrade overview: 3225 pips in 15 days or 215 pips/day

snapshot
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look at KS
you will see it
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reverse @ 1,1150 to limit 1,1390
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ok
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frech.dax Ichimoku_Trader
well thats very short.. didnt made it to 1150 but I think 1396 is the next stop
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ok
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so this head and shoulder mean sell or buy?
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To add my two cents, on the fifteen minute chart my manual system says to go long at 1142.
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We had $0.98 so we needed those 2 cents
thanks man
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However, my daily trend says down since 1218, therefore no set up.
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I hope you don't want those 2 cents back now
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Renegade7 Ichimoku_Trader
I will keep adding my two cents if they can contribute to the discussion. Thanx for allowing a forum to do so. I haven't taken a position as I think the market has come down so far so fast. Will wait and see if a bounce develops 200 sma is 1173.
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Your 2 cents are always welcome and always beneficial

Keep them coming please
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hi..normally we'll wait for the neckline to break for an entry..then the price action decides..
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thanks
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Kijensen Flat must be touched in the future (1.1198) ichimoku role:) after chiku cross the kumo i go to Long for touch 1.1198
Good Luck
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thank you
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PINK Ichimoku_Trader
yw:)
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I hope that's good. i am terrible at these acronyms

Well, just in case, to you too
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Breakout consolidation coming. Should we sell?
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Ichimoku_Trader CryptoTraderOne
you are too late
we already reached the projection level
Now, you would have to get strong proof to enter short again
pls be careful
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pop33m33 Ichimoku_Trader
I think you mean this
snapshot
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exactly
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How many pips did you catch over
the last 5 hours? I count about 9!
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I think we got a lot more but I'm biased
So ask the guys
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While waiting for Ichi explanatory slide for this type of set ups....would anybody who SEES the head and shoulder pattern stick an annotated chart for us blind traders to see lol lol
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ananora23 PRO ananora23
Not out of the woodwork yet guys
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;)
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give me a clue whats hapenning with eur/usd now , is it going to touch upper resistance at 1,121 or what do you think ? thanks
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Ichimoku_Trader andrej123456
I think that May is very dangerous

Warning .. May is dangerous
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Ichimoku_Trader andrej123456
I'm doing an H1 chart tonight
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andrej123456 Ichimoku_Trader
I will stay in touch. I took profit on my shorts 2 hours ago. So you think there could be retracement back up to 1,13 area ?
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now ...the same song in continuation lol
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Let's see
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