Ichimoku_Trader

GBPUSD Monday Planning Chart...

FX:GBPUSD   British Pound/U.S. Dollar
1065 31 40
1. H1 Planning Charts are VALID FOR ONE SINGLE DAY
2. If H1 and H4 charts collide, then consider trading the H1 chart in the short term until the H4 chart requirements are completed.
3. If you are looking for a higher percentage of accuracy, then wait until both H1 and H4 align.
Comment: Notice that we are now at the bottom of the range..
Very dangerous place to be .. so please manage your position f you are in this pair
Comment: Also, an opportunity if you know how to trade it...
Comment: If you have bought at the bottom of the range, you are now running around ~130 pips profit
We are now at DPP so think of selling part of your position
Comment: If you did not join the move from the bottom, please do not do it now
Wait until we are back at one of the range limits .. from there we will see what happens and decide accordingly
Comment: Almost at the upper limit
The upper limit coincides with the WPP so once we are there, dump your full position and let's see what happens to decide on next steps .. that's about 175+ pips
Enjoy
Comment: here we go .. almost at the upper limit of the reange
Comment: This chart is no longer valid. i will update it tomorrow
noted, thank you
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awesome
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This pair is on a KS25 set up, isn't?
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yes
But I prefer we break out of the daily limits rather than the triangle so as to avoid whipsaws
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i think here is sell opportunity??
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Ichimoku_Trader prince125700
or a buy opportunity!!!
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prince125700 Ichimoku_Trader
buy is above 1.30200
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Ichimoku_Trader prince125700
ok
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jayt88 Ichimoku_Trader
you are playing quite a dangerous game of catch the falling knife.. I would say its still in a down trend with a sell on retracement, which should be around 1.29
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No games here my friend..
this is a range since the 6th of July.
So I trade it like a range

Good luck
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are you trying for range trrade or breakout trade?
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there are 2 types of ranges
Tradable
Untradable

what do you think this is?
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rist Ichimoku_Trader
not something I would trade on my own , but you really nailed the bottom of that reversal.

When range's mix with a triangle it always messes me up.
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Since this is a 200 pip range, it is obviously tradable...
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rist Ichimoku_Trader
im still amazed out you picked the bottom almost to the tick , I was late on my entry so decide to let it go
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No worries
there will be others..
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short gu?
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noooooo
We need to see a sign first
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richpath Ichimoku_Trader
ok
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richpath Ichimoku_Trader
nothing yet on the GU?
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no
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what should we do?
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Ichimoku_Trader jimbolopez28
wait to see what happens
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Shall i Buy?
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Ichimoku_Trader tejavathanjithkumar
noooooo
+1 Reply
tejavathanjithkumar Ichimoku_Trader
THANK YOU
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in general can you tell when a range is exhausted? should you keep shorting the top and buying the bottom?
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My strategy is as follows:
Once the market is ranging .. it will range forever
Once the market is trending .. it will trend forever

That way things are crystal clear
+2 Reply
rist Ichimoku_Trader
thank you for your insight
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my pleasure
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