Once price breaks the 2nd breakout level look to buy either at a the breakout or after a retracement depending on your style of trading
Keep your stop tight if you choose the break out
These are my trading ideas and opinions. You can adjust them as you like. Trade smart and make it fun
Please follow, comment, and like
Good luck
Order cancelled
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The momentum is currently very low thus minimizing the chance of a strong breakout that can carry us to our target areas.
I'd rather wait for now until things are clearer. I'll update you then
Good luck
Comments
jarvatar
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Reading this I'm confused. Previously you stated that following the KS was the key. The KS is moving down here, why would you think there'd be a breakout?
Ichimoku_Trader
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good question
As I am more advanced, I sometimes use things that you might not know. So please bare with me
For this trade i am assuming the BO will happen over enough time whereby when it happns it will cause the KS to turn up
Good luck
jarvatar
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BO?
Ichimoku_Trader
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break out
jarvatar
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oh, gee, how'd I miss that. Thanks again for what you do!
Ichimoku_Trader
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no problem
MarcielSouza
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Hi,
thanks for share your ideas,
what do you mean by low momentum?
thanks,
Ichimoku_Trader
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Hi,
Momentum: the impetus gained by a moving object where the moving object here is the price
Without momentum breakout moves usually fail. So this was a breakout move and the momentum was weak so I cancelled it