Stops to break-even or to the high of the previous candle please. Whichever is higher I want to keep risk at a minimum until we switch to bearish
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I was kicked out of this trade (no losses for me since i placed my stop at BE). I don't feel so good about this trade any more but let's see how it develops over the coming couple of hours
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Note: THIS WAS A COUNTER TREND ENTRY This trade was a counter trend trade. Nothing about it in my educational material. The objective of my counter trend strategy is to enter early with negligible risk (which was achieved here). The key is NEGLIGIBLE RISK. Later, I might do some slides about counter trend entries and their levels, targets and management
Just thought I'd let you know
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btM_Afta
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SL hit ..
Ichimoku_Trader
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yes .. me too
btM_Afta
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But you still great Sir :D ..
Ichimoku_Trader
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and so are you ...
xiiimik
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Ichimoku_Trader I see that you use ichimoki for reversal trades as well, and then you trend follow those reversals. If you have educational posts on how you trade reversals, could you paste links to them? I could not find in your past posts.
Ichimoku_Trader
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read my comments above please
Be careful though .. PanOptic counter trend trading has specific strategies, tactics and objectives. So don't generalize what you know and apply it