FX:USDCAD   U.S. Dollar/Canadian Dollar
3655 134 73
..
Comment: If we pass the previous high before a signal, the trade is invalidated..
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
Comment: Another adjustment involving the target area..Everything else is the same
snapshot
Comment: We did not get triggered. I have adjusted the tactics again to catch this guy...
snapshot
Comment: T1 achieved...
Comment: The market is bullish until we break CL so be careful please
Comment: If you entered on the break of OF9, stops to break even please
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
Comment: sorry.. 3 thiiings
Comment: Personally, I prefer accuracy over catching the move before its inception on any day..
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
Thank you Sir. ! and what WPP means?...
:D
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wpp = weekly pivot point
+1 Reply
Dguaman Ichimoku_Trader
Ou ok !! I see that we just touch the OF26 lets see !
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Mavarick22 Dguaman
whats OF26
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it is the trend line's name
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narcalen Mavarick22
trendLines, he puts names to to them
+1 Reply
so funny
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Sry, I don't understand what OF 26 means :)
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Just a name for the trend line
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Where i can learn to trade this cloud ? Thanks.
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Go to my page
Press the educational tag
Start reading from the bottom

Have fun
+1 Reply
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
I do not trade ichimoku as they teach it in school ..
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Conztantin TraderR0BERT
Appreciated.
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Check out USDCHF, more less similar to my eye. USDCHF might range though.
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thanks
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Ichimoku Trader, this is a countertrend trade, isn't?
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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
thaks sir
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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
wpp = weekly pivot point
level 1 signal, you have to read about it in my educational section
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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
we need a signal to enter please
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we broke last high because oil is falling apart.
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Ichimoku_Trader MarcielSouza
thanks
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Sir in your update comments you talked about a OF52 is just a type mistake or im missing something, thanks !
+1 Reply
I give names to my trend lines ..
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Dguaman Ichimoku_Trader
Yeah i know but i can only see OF26 .. where is OF52?
+2 Reply
ok .. now I get it
it's a mistake
it should be OF26
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Dguaman Ichimoku_Trader
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
next TL could be named Narayan?
+1 Reply
Ichimoku_Trader MarcielSouza
lol..
not really though since the name does have significance
+1 Reply
MarcielSouza Ichimoku_Trader
please
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ellena1026 Ichimoku_Trader
hi now the time sell signal?? :(
I am a beginner.. :)
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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
LOL
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tomorrow CAD data will trigger this trade
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Ichimoku_Trader MarcielSouza
yep
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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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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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are we in?
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Ichimoku_Trader juanmanuelmejia10
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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still waitng ..
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ok
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I'm in from 1.3105
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ok
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Sell pressure is on.
Hopefully we wont cross 1.40000 !
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viran108 viran108
oops 1.31400 I mean
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yes
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ok
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Ichimoku.... you are above the cloud why are you even shorting... follow Ichimoku rules at least...
+2 Reply
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
I am thinking of breakout up.
+1 Reply
xiiimik xiiimik
snapshot
+2 Reply
xiiimik xiiimik
Maybe triangle.
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Wedge?
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xiiimik TraderR0BERT
Please post.
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hmmm
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Nice set uo Ichimoku. I am also shorting 1.3120 :)
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ok
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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
you really are a brain...
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And there is also OF9 !
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Ichimoku_Trader Braintrnsplant
lol
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is this candle be the signal to get in?
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Ichimoku_Trader chhabrakaran37
it has to break the OF9 TL decisively..
So no
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chhabrakaran37 Ichimoku_Trader
okay . got it thanks for the prompt reply.
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chhabrakaran37 Ichimoku_Trader
can we enter now for sell?
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Ichimoku_Trader chhabrakaran37
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
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
ok
sorry again
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chhabrakaran37 Ichimoku_Trader
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
:)
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we believe you boss, am also in
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ok
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I think the first resistant is around 1.3136 and am looking towards the support of 1.3023/4
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ok
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Are we now in position ?
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yes
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Dguaman Ichimoku_Trader
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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we actually got the signal. This level is just to alleviate our risk of trading below CL
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Dguaman Ichimoku_Trader
we get the signal when we went down of OF9? ..
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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
I do Sir. but you told me isnt just to break OF9. But its ok my bad. thanks
+1 Reply
sorry, there seems to be a misunderstanding ..

snapshot
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Dguaman Ichimoku_Trader
Not worry i will wait for a fresh entry; maybe was my mistake ! Thanks!
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ok
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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
absolutely
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I've told you CAD data
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Ichimoku_Trader MarcielSouza
yes you did
Thanks
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MarcielSouza MarcielSouza
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
I think you might be right
Now it is a free trade so no worries
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MarcielSouza Ichimoku_Trader
there is one new related to oil, so that could put more pressure on CAD and OIL
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Ichimoku_Trader MarcielSouza
let's see
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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
It would be a very good idea but preferably on a retrace
+2 Reply
amrsoliman2000 Ichimoku_Trader
Sure thanks
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snapshot

i would wait for a signal to go long , does it make sense ?
+1 Reply
TAJIR_B TAJIR_B
with this last momentum bearish candle, the signal must be strong type 3 or 4
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no..
it can be 1 since you are at support
+1 Reply
yes
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Wow! this trade is crazy...
+1 Reply
not really..
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viran108 Ichimoku_Trader
are we still bearish?
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we never were
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viran108 Ichimoku_Trader
good to know :-)
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ye i got stopped out at BE...not the worst thing that can happen!
+1 Reply
Ichimoku_Trader DavidMarcy_TradeHuntFx
read my comment please
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Great i think now i can get a chance to enter
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Ichimoku_Trader chhabrakaran37
ok
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LOL very nice methodology to teach other trading. Great job! No sarcasm.
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;)
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stevencp75803 PRO Ichimoku_Trader
Question, what does 'OF' stand for, or mean? Im a beginner
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Ichimoku_Trader stevencp75803
just a name for the trendline
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Learned something new today.. :-)
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Awesome
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is this trade still active?
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nope. I got stopped at BE
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Mavarick22 Ichimoku_Trader
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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they are one and the same actually...
One is a leading indicator though (TA) ;)
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I think i learned it very well this week lol
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Yes..
If you just say it it doesn't stick
+1 Reply
rist Ichimoku_Trader
you are a wellspring of epiphanies
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had to look that one up..
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rist Ichimoku_Trader
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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thank you ..
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I do a lot counter trend trades, but with a very short target...
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ok
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hi sir! I entered as u recommend. where should i stop loss?
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Hi

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

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