FX:GBPAUD   British Pound/Australian Dollar
bc
751 44 30
bc
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Comment: Be careful and don't rush to buy
We need to enter the buy zone, then break a daily candle high after that
Good luck
Order cancelled: This trade whizzed through the buy zone but now it has become so nice that i posted an update on a black chart
Wow it will continue up? Haha iam wrong I guess... My thoughts back to 1.83xx region
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Ichimoku_Trader Sakakikunmakio
I would have traded it like you said if it was not in the impulse direction. But since it is, it would be very dangerous to speculate a range until it actually happens
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By of October
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Ichimoku_Trader Sakakikunmakio
let's see
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Ok btw thanks a lot I will trade with carefully
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Ichimoku_Trader Sakakikunmakio
My pleasure
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Hi my friend,
Please notice the last daily candle made Hl & LL from the previous daily candle. I think, it will be time to look for short. also there is divergence at 240 min TF which indicate the same , it is time to look for short .

snapshot
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I am not saying no but I don't expect a deep retrace
If the move us is healthy, TS should hold the market (so price could pass it but not close below it)

Anyway, let's see. This is a tough call because the last leg is so stretched and we are at the end of the month.

Thanks
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Please confirm my understanding of the signal here: on May 18-19, prices created a CS reversal signal, and we want to enter short on the first candle reversal, which happened the day after, on May 20. but then, on May 24, we got a huge reversal bar and had to stop and reverse on the long side. Sp now, we would be long with a stop below the low of May 23. Is my assumption correct?
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Ichimoku_Trader carl.vanhaes
I am assuming you want to analyze how we would have traded a CS setup??

1. May 18, CS crossed SSB
2. May 19, We got a signal (doji)
3. May 20, we got confirmation to enter when we broke that doji
4. May 24, we got out with a few pips profit (on the break of the previous daily high and we bought the breakout from the CS high
5. We are still in that move with our stop at break even or even above (depending how you trade)

So i think you are right but I'm not sure
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carl.vanhaes Ichimoku_Trader
Yes, this is exactly that, I wanted to know how you would have traded the CS setup - and I am glad to see that I understood the setup. Thank you for confirming it.
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Ichimoku_Trader carl.vanhaes
You understood it very well.
But please make a point of following my stops in that trade. Very very important
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carl.vanhaes Ichimoku_Trader
What is the usual stop loss for a CS setup trade please? I got the stop and reverse but it doesn't mean we are obliged to stay in the trade so long (and incur a loss) right? My understanding is that once in the "CS trade", the stop should be the other side of the candle +- 1tick, right? Then, manage to go with a breakeven stop as soon as possible. This way, and as you explained above, even if the CS trade is to reverse direction, we could still lose nothing, or even make few pips, on the first trade, right? I ask because I noticed that on other types of Ichi trades, you rather indicate that one should not trail his stops too quickly. All the difficulties of money management once in a trade I guess. Thank you.
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Ichimoku_Trader carl.vanhaes
the CS setup on the daily should be trailed candle by candle until the trade is safe
On the smaller TF, do whatever you want

Good luck
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Hi my friend,

What do you think about GBPCAD;
snapshot

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I think that what is now happening s just an abc correction
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bunah2 Ichimoku_Trader
Would you please draw ABC correction?
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Are you asking for a blue chart?
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bunah2 Ichimoku_Trader
I wanna learn abc correction. Thanks
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Published
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bunah2 Ichimoku_Trader
Thanks. I have comment. I posted there.
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Is the reason we have only one buy zone this time because we expect a strong move to the upside?
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Exactly

If we go below the buy zone, it would no longer make sense to buy it
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I see it now and I can't believe what a great signal it was to buy every time the price touched the KS in H4, it is an actual trade set up or was it an unusual coincidence..?
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No coincidence my friend
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IAmAgainst Ichimoku_Trader
I'll try to catch that next time..
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and every time i hope
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IAmAgainst Ichimoku_Trader
I takes a lot of trust also, cause if I had waited to see a confirmation candle it would have left me behind every time.. although of course I looked for the confirmation in smaller time frames, is that what you do?
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IAmAgainst IAmAgainst
"It" takes..
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no

I just trust it because all the KS trades are at least 2 to 1
so RR is great
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IAmAgainst Ichimoku_Trader
Thanks a lot, I learned a great tip with this..
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actually, it is in my educational section.
Lots of people are using this style now / trading just the KS
very nice and very comfortable and very profitable
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IAmAgainst Ichimoku_Trader
Then sorry for asking about a repeated topic.. and thanks again!
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I like it when people ask about a repeat topic

it gives me a reason to re-publish it and do good
so thanks
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How I Trend Trade (3)
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Buy 1.87
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hmmmm

I don't think so
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Yahia.Awes Ichimoku_Trader
Already failing.
snapshot
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Yahia.Awes Yahia.Awes
Double bearish divergence, bloodshed....
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ok

let's see how it goes
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Yahia.Awes Ichimoku_Trader
First damage is here.
snapshot
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thanks
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Yahia.Awes Ichimoku_Trader
You are welcome ;) That was 1000 pips in 1 trade.
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nice
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