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
Lets wait for price to retrace to blue line and try to go long there.
+2 Reply
ok so you are saying we buy at KS
where is your stop and where is your target?
+2 Reply
ianpatton Imprimus
why
+2 Reply
why what?
+2 Reply
ianpatton Ichimoku_Trader
I was after an explanation for why Imprimus thought it might be a good idea to go Long at the KS. Looks more like a correction to me and carry on heading down
+2 Reply
It's all your imperius..
Why?
+2 Reply
Imprimus Ichimoku_Trader
Monthly, Weekly chart shows me strong downtrend.
Daily chart shows me retracement in progress.
Hourly chart shows me uptrend going on.
So i will be bullish on 15M chart, and re-enter into market for long position every time price touches KS.
Stop-loss : previous touch of price to KS.
Target : I don't know to calculate that, so i will keep trailing stop-loss. (as shown in 8 slide tutorials of your).

+2 Reply
ok, nice
but I don't advise you to looks at monthly weekly etc to trade M15
+2 Reply
Imprimus Ichimoku_Trader
Ok, thank you for your inputs. :)
Would be nice if you show me, how do you deal with 15M chart to trade intraday.
+2 Reply
I deal with it exactly like I deal with all my other charts
I follow the KS ;)
+2 Reply
Imprimus Ichimoku_Trader
Thank you :)
+2 Reply
i'm late
+2 Reply
no .. just in time
+2 Reply
gfknn5 Ichimoku_Trader
thank you advisor
+2 Reply
snapshot
+2 Reply
how did you choose your buy zone and why do you want to buy deep into it?
+2 Reply
narcalen Ichimoku_Trader
because whe are bullist, KS and SSB are going up, we have a divergence, so we expect some retracement, the buy zone are seleccted by the TS and KS first and de KS and CL. CL is the min, between CS and price.
+4 Reply
narcalen narcalen
maybe my target zone is too much far
+2 Reply
how did you set it?
+2 Reply
impressive...
+2 Reply
Adel.ps narcalen
snapshot

+2 Reply
excellent...
where is your target?
+2 Reply
Vytasbcn narcalen
Is the target not too far for this chart?
+2 Reply
who's?
+2 Reply
we are bullish, buy below KS but if we breake kumo 133.757 we short, atleast thats what i would do
+2 Reply
so that's 3 bullish
but your stop & reverse would be kumo bottom
+2 Reply
Lohan52 Ichimoku_Trader
yes!
+2 Reply
ok
+2 Reply
snapshot


we r bulish for:
last 'ks is up
price above the kumo
price under 'cs

for target last high, sl last low
+2 Reply
but where will you buy?
+2 Reply
TAJIR_B Ichimoku_Trader
at the rectangle. for short maybe another timeframe
+2 Reply
ok
+2 Reply
the momentum still looks strong
+2 Reply
ok
+2 Reply
Looks like the momentum might be slowing. I can see 5 waves and an abc correction about to complete
+2 Reply
so it is slowing or you expect to slow?
+2 Reply
target 140
+2 Reply
Ichimoku_Trader BernhardAnalytics
why?
+2 Reply
Marc_lux Ichimoku_Trader
fib level of last big decline is 140.58, my TP. We got divergence, strong trend upwards and candles that suggest keeping it going.

I'm still learning your methodology, sorry if my bullishness doesn't come from your method. I'll try to learn it and get better at yours. Thx for your work and input.
+2 Reply
thank you .. I appreciate your feedback
140.58 on an M15 chart??!? That's too much for me
+2 Reply
Marc_lux Ichimoku_Trader
I post the graph after lunch. ;-)
+2 Reply
lol
+2 Reply
Marc_lux Ichimoku_Trader
snapshot


the idea. I don't think that the probability is high of making it without (a) small retracement(s), but it is my TP. I close on retracements and get back in on strength.

I see your point with the 15M not being the best TF for longer price moves, but upto this point, I don't see many arguments against reaching the 0.382 fib.
+1 Reply
possible ...
+1 Reply
We are in a down trend
+1 Reply
do you mean on higher timeframes or here?
+2 Reply
Si.M Ichimoku_Trader
on higher
+1 Reply
ok
+2 Reply
Trading against the trend is risky
+1 Reply
so how do you define the trend?
+2 Reply
Si.M Ichimoku_Trader
as a series of HH's, or LL's, true in H15 the HH's looks like uptrend
+1 Reply
very good
+1 Reply
maybe when it gets closer to the top level , and the risk/reward gets better
+1 Reply
you would short then?
+2 Reply
rist Ichimoku_Trader
closer to 136.560 if we had some good dojis/hammers , and some divergence on yourfavorite osciolator
+1 Reply
hmmmm
+2 Reply
h4 price is in the cloud
+1 Reply
Ichimoku_Trader phuahpatrick
so what!!!
+3 Reply
phuahpatrick Ichimoku_Trader
in no man land on direction,
+1 Reply
Ichimoku_Trader phuahpatrick
oh ok
well, you don't need to get off this chart to decide direction
just follow KS and you will always be with the trend;)
+2 Reply
phuahpatrick Ichimoku_Trader
if on m15 I think next level should be R3 daily pivot
+1 Reply
Ichimoku_Trader phuahpatrick
ok
+2 Reply
Hasn't the price also met strong resistance?
+1 Reply
ok
+2 Reply
lets short ! SL 138.80
+1 Reply
Ichimoku_Trader Mohamed_Eman
no way...
+2 Reply
Deciding how to liquidate the position with a loss or with a profit : how is this possible to happen? how will we know? your answer much be appreciated...
+1 Reply
Ichimoku_Trader jimbolopez28
well the reference here is to the stop loss and the take profit
just use your method to place them .. but you must place them and they must be sound in terms of risk reward
+2 Reply
noted
+1 Reply
Ichimoku_Trader phuahpatrick
;)
+1 Reply
Thanks, that was fun
+1 Reply
I love it too
+1 Reply
Thank you for these sessions! They are very educative, as we tend to forget things... :-D
+1 Reply
thanks
+2 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
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
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
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