FX:GBPJPY   British Pound/Japanese Yen
1062 84 35
Please just present your ideas how we can trade this chart...
Comment: If you have an idea, attach your chart with comments please
Comment: Q1: Are we bullish, bearish or neither?
Comment: and why...
Comment: @Imprimus is saying that he is bullish and that he wants to buy at KS.
So next , we need his stop and his TP

Any other ideas?
Comment: @imprimus
can you please repost your last comment
Comment: Would anyone be willing to go short, why and how?
Comment: no one wants to short?
Comment: First .. I'm very impressed with ll your answers and how fast you could give them
Comment: Second, All trades are made up of specific elements:
1. Deciding on the current direction (follow KS)
2. Deciding on the entry zone
3. Deciding on the entry signal
4. Deciding on the lot allocation
5. Deciding how to liquidate the position with a loss or with a profit

So always have those by your side as a checklist so you will not enter a trade without doing them
Comment: Third... ALWAYS FOLLOW KS
LET IT BE YOUR GUIDE

So never think short until KS says short
Just forget that there is a short in existence until KS says short
Comment: Fourth .. We as trend traders differ from other traders in that we follow the trend and we never second guess it. So we never say that a trend will switch direction unless it actually does.

I see my job as just finding the best trade within the status quo. So don't trouble yourself with the trend being finished. when it finishes it will kick you out and then you can go the other way
Comment: Again, Nice work
and please feel free to like my charts and the comments
Good luck
Trade closed manually
ok, sorry for asking, what is KS?
+1 Reply
Ichimoku_Trader AlexTheConqueror
KS = the blue line
+1 Reply
AlexTheConqueror Ichimoku_Trader
ty very much.
+1 Reply
lengjs Ichimoku_Trader
what's the blue line
+1 Reply
Just wanted to say a big thank you.. I have learnt so much from you.. Im in Australia. .time to call it a night. managed to get in and collect an easy 52 pips from this set-up... Cheers!! :)
+1 Reply
glad to hear it...
Everyone who contributed got it right. So it was actually a group effort

Good night
+1 Reply
im new in fx, is there any clue where its gonna go next?
+1 Reply
up
+1 Reply
gosuden21 Ichimoku_Trader
thanks, still many more to learn especially the current chart, just wondering what happened to gbp jpy pair.. thanks anyway
+1 Reply
it went up
+1 Reply
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