FX:EURUSD   Euro Fx/U.S. Dollar
1259 28 44
Strategy shift...
Be careful of whipsaws
Comment: Not being in the market in these conditions is a great testimony to the success of a trading system.
Being patient is a great testimony to the success of the trader.

We all want to trade but let's be patient and trust our system ... no rush
Good luck
Comment: As stated in the trade, please make sure that there is momentum on the break.
This break that just happened is a perfect example of a break with no momentum
Momentum means those big candles that you are probably afraid to enter after you see because you think it is too much risk.

Good luck
Comment: I like what I see now..
Comment: If you enter, place your stop just under the KS
Comment: Risk is ~15 pips
Comment: We will be safe only after we break the critical level (top of 2 days back)
But let's hope this works out fine

Good luck
Comment: We should not expect a close below TS at this stage
So if that happens, get ready to do something about it
Comment: I think we just broke the high by a pip
So congrats, we are now bullish
Comment: did we?
Comment: We are now officially bullish in the short term

Ichi still has reservations on my statement since price did not close above the kumo yet and CS is still below the kumo .. Usually, ichi is right and i'm wrong.
But maybe this time I'll be right ..

Good luck
Comment: one more thing and we are in the clear
we need CS to close above the kumo
We may even get a chance to trade the CS setup

let's see
Comment: I'm up about 35 pips
we are now at DR2 where we will probably retrace or rest for a while
Comment: This trade looks really good but I do not want to say anything before we are clear from the kumo and everything gets above the kumo
Comment: So we still have a chance to micro manage our positions today
Comment: I think every man/woman for himself at this stage and we will set new entry strategy for the next leg up
Comment: Personally, I closed 75% of my position
Comment: I will rebuy 100% again on a retrace
Comment: I will have 50% of my new position placed at the TS
and the rest at the KS
Comment: I mean to re-enter
Trade closed: target reached: This strategy has fulfilled its intended use
We now move to the CS setup. Please follow the next chart

This chart is now closed
I suggest we wait for a turn of KS and TSas in your slides. And it should be accompanied by a closing of the price on the same side, right?
Reply
That is one way to trade the breakout. Bracket the high/low of the KS candles. That way, you will be sure that KS will turn in your direction when it breaks out.
This is my favorite method as it also minimizes whipsaw .. which you should plan for

Thanks
Reply
The closing s not necessary unless you want to test the momentum before entering
+1 Reply
Good to know about that!
Reply
great
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can we make an entry now to buy?
Reply
I already did
If we close below TS I will get out
Reply
KimNisar Ichimoku_Trader
ok so i wait.
Reply
as u like
Reply
KimNisar Ichimoku_Trader
can i enter now?
Reply
You asked me a while ago and I said i already entered
I meant enter

yes u can
Reply
Nice!
Reply
very nice

gets you in early and sets you up both ways. What more can u ask for
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What are gonna be our SL and TP?
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Ichimoku_Trader Riccardo.Lovo
Stop is on the other side of the triangle. Keep it there for now

TP we'll see
Reply
Riccardo.Lovo Ichimoku_Trader
Thanks
Reply
still not safe to enter cause we break the kumo should we wait for cs to close above?
Reply
you are very very late
i said the last signal was the critical level

No it is best to wait for the CS setup if it materializes
Reply
So do that or wait for a pullback into that hole to the right
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wrong chart sir sorry i was speaking about aud/usd am sorry.
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yes enter
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How far do you see this going?
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Far
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but we have to still move up to have confidence
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If we are expecting a retrace, should we close and take profit of current stage or do nothing? We may incur loss of pips?
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I did just that
but i kept 25% running
Reply
KimNisar Ichimoku_Trader
I had only 1 trade placed, so closed it with some profit. hope to look for another entry soon. Thanks a lot for this leg of profit, May God reward you.
Reply
Thank you

Next entry should be very soon
Reply
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