FX:USDCAD   U.S. Dollar/Canadian Dollar
3654 134 73
7 months ago
..
7 months ago
Comment: If we pass the previous high before a signal, the trade is invalidated..
7 months ago
Comment: We've broken the high. So I am adjusting this trade as follows:
1. Let's wait to get to WR1 (gray line)
2. Once there, we will sell a break of OF52 with the stop above the last high
Remember that we need momentum to enter

snapshot
7 months ago
Comment: Another adjustment involving the target area..Everything else is the same
snapshot
7 months ago
Comment: We did not get triggered. I have adjusted the tactics again to catch this guy...
snapshot
7 months ago
Comment: T1 achieved...
7 months ago
Comment: The market is bullish until we break CL so be careful please
7 months ago
Comment: If you entered on the break of OF9, stops to break even please
7 months ago
Comment: Out at break even...
All these counter trend trades we took this week were just to show 2 things:
1. the high failure rate that you will get when you go counter trend
2. That with counter trend trades you should always seek short term targets
3. That you can use the short term targets as a loss buffer for longer term trend moves.

So although I do not recommend using counter trend trades .. yes they are useful but very wasteful
I hope you enjoyed them
7 months ago
Comment: sorry.. 3 thiiings
7 months ago
Comment: Personally, I prefer accuracy over catching the move before its inception on any day..
7 months ago
Comment: Someone asked me (PM) why did I say wasteful:
So although I do not recommend using counter trend trades .. yes they are useful but very wasteful

Well they are wasteful because of 2 things,
1. low accuracy which causes losses sometimes
2. MORE IMPORTANTLY, loss of opportunity .. I usually take these trades with the trend but i missed them when i tried to g o counter trend
Pressing the like button encourages me to continue publishing my ideas and is highly appreciated...

I have a section on my page under the tag "Educational" that contains a lot of information on my trading method, please take sometime to read it...
Dguaman
7 months ago
Thank you Sir. ! and what WPP means?...
:D
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Ichimoku_Trader Dguaman
7 months ago
wpp = weekly pivot point
+1 Reply
Dguaman Ichimoku_Trader
7 months ago
Ou ok !! I see that we just touch the OF26 lets see !
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Mavarick22 Dguaman
7 months ago
whats OF26
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Ichimoku_Trader Mavarick22
7 months ago
it is the trend line's name
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narcalen Mavarick22
7 months ago
trendLines, he puts names to to them
+1 Reply
MarcielSouza narcalen
7 months ago
so funny
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Deitreider
7 months ago
Sry, I don't understand what OF 26 means :)
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Ichimoku_Trader Deitreider
7 months ago
Just a name for the trend line
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Conztantin
7 months ago
Where i can learn to trade this cloud ? Thanks.
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Ichimoku_Trader Conztantin
7 months ago
Go to my page
Press the educational tag
Start reading from the bottom

Have fun
+1 Reply
TraderR0BERT PRO Conztantin
7 months ago
http://stockcharts.com/school/doku.php?id=chart_school:trading_strategies:ichimoku_cloud

And also from Ichimoku_Trader. He seems to be a pretty awesome source of intel, AND he updates his strategies regularly which is awesome and helpful
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Ichimoku_Trader TraderR0BERT
7 months ago
I do not trade ichimoku as they teach it in school ..
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Conztantin TraderR0BERT
7 months ago
Appreciated.
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xiiimik
7 months ago
Check out USDCHF, more less similar to my eye. USDCHF might range though.
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Ichimoku_Trader xiiimik
7 months ago
thanks
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narcalen
7 months ago
Ichimoku Trader, this is a countertrend trade, isn't?
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Ichimoku_Trader narcalen
7 months ago
when I posted it it was not from a KS perspective
2 minutes later it became counter trend
But we can still take it if it does not break the high
+2 Reply
narcalen Ichimoku_Trader
7 months ago
thaks sir
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juanmanuelmejia10
7 months ago
First of all, thanks for your work. i really like it. i am new in forex but i learn quick. just wanted to ask what is WPP and a level 1 signal ?
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Ichimoku_Trader juanmanuelmejia10
7 months ago
wpp = weekly pivot point
level 1 signal, you have to read about it in my educational section
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ptp94
7 months ago
Do we now wait for the current candle to close in order to enter? It seems there will be a sell of coming up soon
+1 Reply
Ichimoku_Trader ptp94
7 months ago
we need a signal to enter please
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MarcielSouza
7 months ago
we broke last high because oil is falling apart.
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Ichimoku_Trader MarcielSouza
7 months ago
thanks
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Dguaman
7 months ago
Sir in your update comments you talked about a OF52 is just a type mistake or im missing something, thanks !
+1 Reply
Ichimoku_Trader Dguaman
7 months ago
I give names to my trend lines ..
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Dguaman Ichimoku_Trader
7 months ago
Yeah i know but i can only see OF26 .. where is OF52?
+2 Reply
Ichimoku_Trader Dguaman
7 months ago
ok .. now I get it
it's a mistake
it should be OF26
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Dguaman Ichimoku_Trader
7 months ago
OU ok , its ok . That proves you are a human lol :D thanks Sir. and waitin for this call !
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MarcielSouza Ichimoku_Trader
7 months ago
next TL could be named Narayan?
+1 Reply
Ichimoku_Trader MarcielSouza
7 months ago
lol..
not really though since the name does have significance
+1 Reply
MarcielSouza Ichimoku_Trader
7 months ago
please
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ellena1026 Ichimoku_Trader
7 months ago
hi now the time sell signal?? :(
I am a beginner.. :)
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Ichimoku_Trader ellena1026
7 months ago
hi

sorry to be late to answer. I am very specific about how to enter
please read the directions on my chart
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Dguaman MarcielSouza
7 months ago
LOL
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MarcielSouza
7 months ago
tomorrow CAD data will trigger this trade
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Ichimoku_Trader MarcielSouza
7 months ago
yep
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NextgenDad
7 months ago
Are we still waiting on this to get to the adjusted target or should we be in already since it broke the line ? Thanks in advance

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Ichimoku_Trader NextgenDad
7 months ago
sorry for the delay in answering
In these trades, just sell whenever you see the signal and place your stop on the other side of the same candle (which should be on the other side of the TL)
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juanmanuelmejia10
7 months ago
are we in?
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Ichimoku_Trader juanmanuelmejia10
7 months ago
hi

sorry to be late to answer. I am very specific about how to enter
please read the directions on my chart

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gfknn5
7 months ago
still waitng ..
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Ichimoku_Trader gfknn5
7 months ago
ok
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Essarazm
7 months ago
I'm in from 1.3105
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Ichimoku_Trader Essarazm
7 months ago
ok
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viran108
7 months ago
Sell pressure is on.
Hopefully we wont cross 1.40000 !
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viran108 viran108
7 months ago
oops 1.31400 I mean
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Ichimoku_Trader viran108
7 months ago
yes
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Ichimoku_Trader viran108
7 months ago
ok
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jonats
7 months ago
Ichimoku.... you are above the cloud why are you even shorting... follow Ichimoku rules at least...
+2 Reply
Ichimoku_Trader jonats
7 months ago
My friend,
I never follow ichimoku rules so please don't trade with me. Infact, don't even follow me as you might get frustrated

Good luck
+2 Reply
xiiimik
7 months ago
I am thinking of breakout up.
+1 Reply
xiiimik xiiimik
7 months ago
snapshot
+2 Reply
xiiimik xiiimik
7 months ago
Maybe triangle.
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TraderR0BERT PRO xiiimik
7 months ago
Wedge?
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xiiimik TraderR0BERT
7 months ago
Please post.
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Ichimoku_Trader xiiimik
7 months ago
hmmm
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Williamfys
7 months ago
Nice set uo Ichimoku. I am also shorting 1.3120 :)
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Ichimoku_Trader Williamfys
7 months ago
ok
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Braintrnsplant
7 months ago
OF I don't know were it cames from. However in OF26 and OF52 26 and 52 are clearly related ti Ichi settings. He somehow derives the TL from the graph with the classic setting. How? Still unknown, but names are not random :-)
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Ichimoku_Trader Braintrnsplant
7 months ago
you really are a brain...
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Braintrnsplant
7 months ago
And there is also OF9 !
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Ichimoku_Trader Braintrnsplant
7 months ago
lol
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chhabrakaran37
7 months ago
is this candle be the signal to get in?
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Ichimoku_Trader chhabrakaran37
7 months ago
it has to break the OF9 TL decisively..
So no
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chhabrakaran37 Ichimoku_Trader
7 months ago
okay . got it thanks for the prompt reply.
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chhabrakaran37 Ichimoku_Trader
7 months ago
can we enter now for sell?
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Ichimoku_Trader chhabrakaran37
7 months ago
hi

sorry to be late to answer. I am very specific about how to enter
please read the directions on my chart
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chhabrakaran37 Ichimoku_Trader
7 months ago
no problem sir. may be next time i can enter with u guys and make some money too. ;-)
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Ichimoku_Trader chhabrakaran37
7 months ago
ok
sorry again
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chhabrakaran37 Ichimoku_Trader
7 months ago
no problem at all sir. i must say u r a very kind person. and i admire your dedication to help people around.
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Ichimoku_Trader chhabrakaran37
7 months ago
:)
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tonex
7 months ago
we believe you boss, am also in
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Ichimoku_Trader tonex
7 months ago
ok
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tonex
7 months ago
I think the first resistant is around 1.3136 and am looking towards the support of 1.3023/4
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Ichimoku_Trader tonex
7 months ago
ok
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Dguaman
7 months ago
Are we now in position ?
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Ichimoku_Trader Dguaman
7 months ago
yes
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Dguaman Ichimoku_Trader
7 months ago
Ok because i read that ppl sold .. but we never got the signal.
Now we wait till CL breaks or we can sell now? I got confuse
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Ichimoku_Trader Dguaman
7 months ago
we actually got the signal. This level is just to alleviate our risk of trading below CL
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Dguaman Ichimoku_Trader
7 months ago
we get the signal when we went down of OF9? ..
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Ichimoku_Trader Dguaman
7 months ago
If you trade my charts, you have to read what I write on them and you have to follow my comments otherwise, you could get into trouble
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Dguaman Ichimoku_Trader
7 months ago
I do Sir. but you told me isnt just to break OF9. But its ok my bad. thanks
+1 Reply
Ichimoku_Trader Dguaman
7 months ago
sorry, there seems to be a misunderstanding ..

snapshot
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Dguaman Ichimoku_Trader
7 months ago
Not worry i will wait for a fresh entry; maybe was my mistake ! Thanks!
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Ichimoku_Trader Dguaman
7 months ago
ok
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Braintrnsplant
7 months ago
Chapeau: first target reached!
OF 9 or 26 or 52 are obtained from TS, KS and SSB, respectively and then shifted on prices. How do you decide which swing is significant? On time I suppose. Am I "almost" wright?
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Ichimoku_Trader Braintrnsplant
7 months ago
absolutely
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MarcielSouza
7 months ago
I've told you CAD data
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Ichimoku_Trader MarcielSouza
7 months ago
yes you did
Thanks
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MarcielSouza MarcielSouza
7 months ago
I don't know, as you said the trend is strong we have had a retracement, but oil it is trading low.

So I think the trend will keep going we need oil higher to break this trend. I am not expert.
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Ichimoku_Trader MarcielSouza
7 months ago
I think you might be right
Now it is a free trade so no worries
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MarcielSouza Ichimoku_Trader
7 months ago
there is one new related to oil, so that could put more pressure on CAD and OIL
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Ichimoku_Trader MarcielSouza
7 months ago
let's see
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amrsoliman2000
7 months ago
Once we pass the CL would it be a good idea to increase position? I am 25% in now
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Ichimoku_Trader amrsoliman2000
7 months ago
It would be a very good idea but preferably on a retrace
+2 Reply
amrsoliman2000 Ichimoku_Trader
7 months ago
Sure thanks
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TAJIR_B
7 months ago
snapshot

i would wait for a signal to go long , does it make sense ?
+1 Reply
TAJIR_B TAJIR_B
7 months ago
with this last momentum bearish candle, the signal must be strong type 3 or 4
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Ichimoku_Trader TAJIR_B
7 months ago
no..
it can be 1 since you are at support
+1 Reply
Ichimoku_Trader TAJIR_B
7 months ago
yes
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viran108
7 months ago
Wow! this trade is crazy...
+1 Reply
Ichimoku_Trader viran108
7 months ago
not really..
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viran108 Ichimoku_Trader
7 months ago
are we still bearish?
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Ichimoku_Trader viran108
7 months ago
we never were
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viran108 Ichimoku_Trader
7 months ago
good to know :-)
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DavidMarcy_TradeHuntFx PRO viran108
7 months ago
ye i got stopped out at BE...not the worst thing that can happen!
+1 Reply
Ichimoku_Trader DavidMarcy_TradeHuntFx
7 months ago
read my comment please
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chhabrakaran37
7 months ago
Great i think now i can get a chance to enter
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Ichimoku_Trader chhabrakaran37
7 months ago
ok
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xiiimik
7 months ago
LOL very nice methodology to teach other trading. Great job! No sarcasm.
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Ichimoku_Trader xiiimik
7 months ago
;)
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stevencp75803 Ichimoku_Trader
7 months ago
Question, what does 'OF' stand for, or mean? Im a beginner
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Ichimoku_Trader stevencp75803
7 months ago
just a name for the trendline
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viran108
7 months ago
Learned something new today.. :-)
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Ichimoku_Trader viran108
7 months ago
Awesome
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sabu8086
7 months ago
is this trade still active?
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Ichimoku_Trader sabu8086
7 months ago
nope. I got stopped at BE
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Mavarick22 Ichimoku_Trader
7 months ago
in hind sight, this is where trader psychology (technical leves\ichimoku) is defeated by fundamental analysis. However, looking at UJ, it is the exact opposite where technical analysis says go down but fundamental analysis says go down. Just food for thought,
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Ichimoku_Trader Mavarick22
7 months ago
they are one and the same actually...
One is a leading indicator though (TA) ;)
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rist
7 months ago
I think i learned it very well this week lol
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Ichimoku_Trader rist
7 months ago
Yes..
If you just say it it doesn't stick
+1 Reply
rist Ichimoku_Trader
7 months ago
you are a wellspring of epiphanies
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Ichimoku_Trader rist
7 months ago
had to look that one up..
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rist Ichimoku_Trader
7 months ago
best described when you have a moment that you radically changes the way you think about a problem , like being in a dark room you have never been in before, and suddenly find the light switch
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Ichimoku_Trader rist
7 months ago
thank you ..
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viran108
7 months ago
I do a lot counter trend trades, but with a very short target...
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Ichimoku_Trader viran108
7 months ago
ok
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YuXiuCui
7 months ago
hi sir! I entered as u recommend. where should i stop loss?
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Ichimoku_Trader YuXiuCui
7 months ago
Hi

This trade was over a long time ago
I have updated it in my comments
Please read my comments above
Reply
YuXiuCui Ichimoku_Trader
7 months ago
thank you!

but...what's BE means?
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Ichimoku_Trader YuXiuCui
7 months ago
BE = break even
Reply
YuXiuCui Ichimoku_Trader
7 months ago
thanks! we'd better stop at 1.313?
Reply
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