FX:USDJPY   U.S. Dollar/Japanese Yen
368 13 28
9 months ago
Starting this week, I will be publishing a new chart for this currency on a daily basis (unless the market does not change). So please remember that this chart is usually valid for 1 single day (most of the time). I therefore urge you to look for the latest charts

Good luck
9 months ago
Comment: Please check the updated trade
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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...

Related Ideas

Trader77
9 months ago
Hi, Is this short sell?
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Ichimoku_Trader Trader77
9 months ago
yes
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Trader77 Ichimoku_Trader
9 months ago
Since I am late, have to wait then
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Ichimoku_Trader Trader77
9 months ago
why are you late?
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Trader77 Ichimoku_Trader
9 months ago
bcs we are entering the target zone, and I assume, it's not time to sell anymore,am I wrong?
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Ichimoku_Trader Trader77
9 months ago
well this is for Monday

I am saying if we enter the sell zone then sell

Good luck
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Trader77 Ichimoku_Trader
9 months ago
ok, got it, thank you
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kaysonchan
9 months ago
Hi ichimoku trader, i will like to ask you whether you do multiple time frame analysis using your strategy? Example; if daily chart is above kumo, you only take long signal in 4HR chart? This is often quite confusing whether to follow or not to follow because ichimoku have a inbuilt future trend forecast in each individual timeframe....

Can i also say that you mostly take profit by setting target and not using a trailing stop like kijun-sen? I mean lets say your price entered your TP zone but then it retraced back to the kijun-sen but didt close below it and the kijun sen is quite far away from ur tp however it come back later and continue the trend... So what will you do?
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Ichimoku_Trader kaysonchan
9 months ago
Hi

No I don't do multiple TF analysis for trading because ichimoku already gives me that. I have to keep my trading decisions as simple and uncluttered with unnecessary information as possible.
I do analysis on multiple TF though when I want to understand the long term expectations for a pair. But this is not tradable.

As for taking profits, I usually don't completely leave a trade until the trade kicks me out but what I do at these target areas is take part of my profits and reload in the buying areas again. So I might always have at least 25% of my investment running.

Good luck
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yup
9 months ago
I too see the same scenario playing out based on different analysis. But in an effort to understand the cloud I want to ask why that zone was chosen. Below the cloud and it crossed over so def bearish also below the KS so looking for shorts. But why the pullback to that zone? Thanks in advance
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Ichimoku_Trader yup
9 months ago
Thank you. that's a very good question.

Usually, the market shows very high momentum after a bull trap. If that had been the case I would have probably wanted t sell a shallower retracement but since the momentum was not too high I am expecting a bearish range.

I hope that makes sense
Good luck
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yup Ichimoku_Trader
9 months ago
First, thank you for the reply.
second, it seems the market might be gapping down on todays open. Will that change the out look for the trade/zone? Or will you have to see the cloud react first before making that determination? Thanks again
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Ichimoku_Trader yup
9 months ago
Well, I rarely see significant gaps in forex (although they do happen).
If a gap occurs, I will have to evaluate it according to its size and the market's reaction to it

If it is significant, I will probably adapt accordingly

Good luck
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