Ichimoku_Trader
Short

Thank you Mr. Market...

FX:GBPUSD   British Pound/U.S. Dollar
1405 24 65
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Comment: I am already in this trade since the break below yesterday's low
Now I will move my stop to today's high risking only 51 pips
Comment: I think it will be nice to sell about 75% of my position with 85 pips profit once we reach WR1@1.44790
I will try to re-buy it at a better price as we go
Comment: Personally, I'm closing 75% of my trade with about 80 pips and calling it a day
It will probably reach the target if you are still interested
Monday, we will re-enter with the 75% on a retracement
By ichimoku stardars it looks to me like a bullish trend. Did you base your analisys on the near resistance level plus the AO low momentum? I'm just triying to understand the reasons behind this trade. Thanks
Reply
Thank you

On this chart (the daily), we are just correcting the move down and according to my previous analysis, we are just doing an abc. Nothing has changed. This is still an abc that decided to go back for another run due to fundamentals (which just interrupt movement but do not change direction on the daily).

As for ichi standards, well you are correct if you use traditional ichi analysis. I don't. I use my PanOptic Method. So where does my method say that we should go short?
1. Look at the divergence in ichi
2. We never broke the CS setup
3. Today's candle shows a depletion of momentum
4. The move up is clearly corrective
5. We have entered a very important resistance area
6. Finally, I will not enter unless we get a bearish market on H1 (which will be achieved if we break the low)

So for me, these reasons are enough to take a decision. What do you think?

Good luck
+2 Reply
mgiest Ichimoku_Trader
Hi there, I am new to this forum but am absolutely impressed with your work on ichimoku. I do have a quick question for you though with regards to statements 1 and 2. Where can I get some clarity on the ichi divergence as well as the CS set up? I do agree with your analysis for the record if I was to take a short on a smaller time frame (if a signal presents itself of course) but I am having a hard time seeing the bearish outlook based on this specific chart and am wondering what I might be missing?

Thanks for all your information and updates here, loads of value!!!
Reply
Hi

How I Trend Trade with Ichimoku (finding divergence)..


A very lucrative setup to learn...


Good luck
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mgiest Ichimoku_Trader
Perfect thanks!! Makes sense now.
Reply
Great
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Metafora Ichimoku_Trader
I see. You're problably right, just a bit scared to short above the kumo seeing the yesterdays big bullish candle. Anyway the point 6 of your slide took away a good amount of my worries.
Thanks for your very instructive explanation.
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Actually, we could still go up to the top of that resistance, so before breaking that low, DO NOT ENTER

Good luck
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New low so what now
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Ichimoku_Trader MarwanALjaadi
I sold on the break
You can do that or wait for a retrace
Stop above the high

Good luck
Reply
MarwanALjaadi Ichimoku_Trader
why not shorting based on the daily candle ? now you are stuck with the position and if the news came positive that means high probability of SL hit

actually i closed AUDUSD with a lose because it hit 0.7243 and retraced and i was not willing to see it all the way down so i hope you all the best with your strategy which seems sticking in positions waiting not to hit the SL,, bye bye
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Ichimoku_Trader MarwanALjaadi
Thank you

We only trade our convictions
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I am in at yesterday breakout, better move my stop loss too.
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Ichimoku_Trader MarcielSouza
great
+1 Reply
MarcielSouza Ichimoku_Trader
thanks
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Ichimoku_Trader MarcielSouza
Welcome
Reply
Nice!!!!
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Thanks
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I do have a virtual account, but I am happy that I did what you said :)
Thank you
Reply
Thank you for taking the time to deliver your beautiful message
+1 Reply
Ichimoku_Trader baraq.adnan
Thank you for sharing
Reply
Next Week Expected Move Of GBPUSD
GBPUSD going Down In Next Week
Reply
Ichimoku_Trader Dhaval_Bhorania
Thanks for sharing
Reply
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