Ichimoku_Trader

Hoping to breakout before the end of the month...

FX:USDCAD   U.S. Dollar/Canadian Dollar
864 15 44
Note: If the breakout is delayed until after the end of June, we might have to reconsider the trading strategy
Comment: We opened at the top of the triangle so I am taking a small position with the stop above the last high. If you decide to join, please don't go crazy. Use a small lot size
Comment: Show your support by pressing the like button
Thank you
Trade closed: stop reached
Comment: If we get a close above the triangle today, we'll consider entering long on the break of the triangle
I'll let you know
Short you mean?
Reply
off course
+1 Reply
aziz.au Ichimoku_Trader
Yes I am in, going well so far. Placed TP at 1.2786, ie other end of the triangle and a bit conservative. Please advise if you have a different opinion on TP.
Reply
for TP, I'm very flexible in these times of uncertainty
Initially it is the other side of the triangle but if things change I'll let you know
+1 Reply
Whats a good stop above the highs considering this is a daily trade, im not sure the pip range i should be looking for
Reply
Well, got stopped out
but your stop should have been above yesterday's candle
Reply
rist Ichimoku_Trader
how much higher is good tho?
Reply
rist rist
sorry I am just used to trading smaller time frames, not sure how much breathing room to give on daily s/r, like when I scalp I usually take a swing high, and say round to the nearest 5 pips above it looking for good round numbers if i can
Reply
about 10 - 20 pips max
+1 Reply
a few pips .. i.e. 10
+1 Reply
stop?????? target
Reply
Ichimoku_Trader MarcielSouza
Confusing
We took this up
This trade was inside the triangle
Next we'll consider the breakout
Reply
MarcielSouza Ichimoku_Trader
i am made in on the gap and took out on the target, 70 pips
Reply
Ichimoku_Trader MarcielSouza
fantastic
Reply
Are you going to long now ?
Reply
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