Ichimoku_Trader
Short

I've been chasing this guy forever..

FX:USDJPY   U.S. Dollar/Japanese Yen
3419 123 95
..
Comment: If you are hisitant about entering, a very safe entry would be at 105.630 where we will become bearish
Comment: I was stopped with a bit less than 50 pips loss due to neglecting to move my stop when I should have. Again this trade was counter trend but was very badly managed as I missed the major objective of why I entered counter trend in the first place.
REMEMBER: PanOptic counter trend trades MUST have negligent risk .. this one did not
Comment: However, I still like this trade so maybe I'll do a setup tonight
Comment: For those who held the position after we passed CL ...
You were very wrong even if you were right
Do not do that again please.
the objective of posting my trades here is not to make money .. I don't need to post to do that
It is to give you an example of what you have to do in order to be successful. So one of the most important things you have to do is to respect your stops.
Comment: Please take some time to read this CAREFULLY...

How I Trend Trade (7)
Comment: REMEMBER: PanOptic counter trend trades MUST have negligent risk .. this one did not

This should read negligible not negligent
thanks, your ichimoku education really helps me to gain insight on how to trade.
Reply
Happy to hear it
Reply
It seems that your analysis was right it is just that you stepped in to early.
Reply
Then .. It was not right
Reply
Next week I will be following you closely on how you trade KS. Thanks for doing that. In the future if you can I would like to know more about your reversal setups. SSB does not support this idea idea, not a single deep in it, though it is slowing. From the perspective if we treat SSB as KS on higher timeframe.
Reply
Hi Ichi. I'd like to be clear on what you mean by negligent risk when looking at a potential trade. R:R looked to be around 1:1 here for t1. Being that it was countrend would you be looking for better R:R with a tighter SL or both? Are there other factors in a countertrend trade that need to be met? Price did seem to turn bearish with its reaction to ks temporarily but it seemed to be looking for the cloud as it definitely reacted once hit..
Reply
BenL BenL
Sorry. Just noticed your comment on Usdcad. That should cover it. TY
Reply
really nasty how the divergence are playing. but the stop exist for a reason
Reply
Ichimoku_Trader MarcielSouza
true
Reply
so. cancel position now or hold on ?
Reply
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
中国
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out