FX:GBPJPY   British Pound/Japanese Yen
475 19 25
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1. Buy a level 4 signal (provided we do not go too far under the kumo)
2. Stops just under the newest low that will form
3. Target previous top

Good luck
Hi Ichi there were two bull candles after TS pointed upward. So I concluded it was level 4 signal. Am I correct?
The price came back to very close to SL though...shall we shift it?
Reply
no. Study this slide very carefully please

How I Trend Trade (8)


Good luck
Reply
KashifN28959685 Ichimoku_Trader
Hi, is it possible to get these slides downloaded, I am new and have difficulty to understand. GBPjpy and gbpusd went down earlier and then went up quickly, how this system can help in identifying the right direction. I don't know at all now about the direction, first going down and then up quickly. I don't find direction. Appreciate your help. Thanks for your time.
Reply
Ichimoku_Trader KashifN28959685
Hi

Yes, the market is scary that way but if you follow my signals, you will be fine. This trade needed a level 4 signal to enter so although price did go down and up again quickly it never created the signal .. so no worries

Please take sometime and go to my page
press the educational tag
you'll find lots of material there that will help you learn trading

good luck
Reply
aziz.au Ichimoku_Trader
Hi Ichi, a bit confused. Can I clarify the difference in patterns for level 4 signal in GBPUSD and GBPJPY? We are calling GBPUSD a level 4 signal because a full bull signal was above upward pointed TS, correct? why not for similar (not exact same though) in GBPJPY?
Reply
Hi

Yes, the reason is that GBDUSD, I will be following it .. so I will update it if we pass the kumo, etc
GBPJPY is a blue chart .. so you are on your own
Reply
aziz.au Ichimoku_Trader
ok
Reply
What was the thinking for this trade..? Is it because we entered the big cloud with the major support below?
Reply
Ichimoku_Trader nheadmaster
Reasons:
1. We are bullish
2. We have support under us
3. The market will range in the worst case scenario so eve if we do not make money we will be able to get out safely
4. The profit potential is very large
5. The method of entry is very efficient

I can think of many more
Reply
Vytasbcn Ichimoku_Trader
I like the reasoning
Reply
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