Tradable as "price on the edge" but I choose to sell... Short

U.S. Dollar/Canadian DollarFXCM

Description

⋅ May 29, 2016 7:30 PM

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1. Still waiting to sell a level 4 signal
2. Stops just above the last high that will be formed
3. Targets at the target zone

Note: Once we enter the danger zone, be careful and watch for any signs of bullishness until we safely get out of it

Good luck

Trade closed: stop reached

⋅ May 30, 2016 5:25 AM

I'm out
Lost 23 pips

I'll renew this today sometime

Comments

IAmAgainst

⋅ May 30, 2016 7:59 AM

Would you say 1.3026 is a good place to buy again, being the top of the kumo?

Ichimoku_Trader

⋅ May 30, 2016 8:07 AM

I have to restudy this chart to answer

IAmAgainst

⋅ May 30, 2016 8:10 AM

Sure, I say it based on seeing that after breaking the kumo, many times it makes a pullback to it and then resumes the trend, as if the kumo acted as a traditional support and resistance. Never traded it, just studied past charts..

Ichimoku_Trader

⋅ May 30, 2016 8:12 AM

the kumo is very important S&R but not when the market is flat

IAmAgainst

⋅ May 30, 2016 8:13 AM

Thanks then, I'll take note of that.

Ichimoku_Trader

⋅ May 30, 2016 8:14 AM

highwisdom

⋅ May 30, 2016 4:51 AM

Thought on this now?

Ichimoku_Trader

⋅ May 30, 2016 5:01 AM

I'm out
Lost 23 pips

I'll renew this today sometime

CaliCrypto

⋅ May 30, 2016 12:51 AM

how was your weekend Ichi?

Looks like it's breaking up...what do you think now?

Ichimoku_Trader

⋅ May 30, 2016 5:01 AM

I'm out
Lost 23 pips

I'll renew this today sometime