Ichimoku_Trader

Jul 19, 2016 6:00 PM

I've been chasing this guy forever.. Short

FX:USDJPY60

U.S. Dollar/Japanese YenFXCM

Description

⋅ Jul 19, 2016 6:00 PM

Comment

⋅ Jul 19, 2016 10:45 PM

If you are hisitant about entering, a very safe entry would be at 105.630 where we will become bearish

Comment

⋅ Jul 20, 2016 5:09 PM

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

⋅ Jul 20, 2016 5:09 PM

However, I still like this trade so maybe I'll do a setup tonight

Comment

⋅ Jul 20, 2016 5:17 PM

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

⋅ Jul 20, 2016 5:58 PM

Please take some time to read this CAREFULLY...

Comment

⋅ Jul 21, 2016 7:07 AM

REMEMBER: PanOptic counter trend trades MUST have negligent risk .. this one did not

This should read negligible not negligent

Comments

GoldenPup

⋅ Jul 20, 2016 1:49 AM

Hi Bro..Whats your ichimoku parameters? Curious..

MarcielSouza

⋅ Jul 20, 2016 2:11 AM

standard go to educational tag and be happy. :)

GoldenPup

⋅ Jul 20, 2016 2:37 AM

Yes found it.. (9, 26, 52).. thanks

fatkumo

⋅ Jul 19, 2016 8:27 PM

Sorry, but what kind of setup was this to go short?

Mavarick22

⋅ Jul 19, 2016 8:57 PM

AO confirms momentum change, price action has crossed KS with a large signal level 1 ( big red bar down)

I still don't know how ichi calculates his buy and sell zones. So I can tell you it's defiantly a sell I just don't know how he picks his targets. So until I understand that I use prior support levels for target points.

Mavarick22

⋅ Jul 19, 2016 8:59 PM

It looks like tp1 is the bottom of the trend and breaking that means we head for the old support levels.

Mavarick22

⋅ Jul 19, 2016 9:00 PM

AO supports this because it looks like momentum was running up a hill and is getting tired and what goes up must go down. So I would expect a violent crash down.

Ichimoku_Trader

⋅ Jul 20, 2016 5:10 PM

Something new..

Ichimoku_Trader

⋅ Jul 22, 2016 1:09 PM

a reversal setup

casino89

⋅ Jul 21, 2016 9:30 AM

thanks, your ichimoku education really helps me to gain insight on how to trade.