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...

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.
Happy to hear it
It seems that your analysis was right it is just that you stepped in to early.
Then .. It was not right
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.
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..
BenL BenL
Sorry. Just noticed your comment on Usdcad. That should cover it. TY
really nasty how the divergence are playing. but the stop exist for a reason
Ichimoku_Trader MarcielSouza
so. cancel position now or hold on ?
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