Long from 107.15 on successful test of the Kijun-Sen as support. Stop below the cloud. PT is former resistance at the 111-112 zone. Wish me luck.
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Took some profits on some units (half) at the 109 level. On remaining units I will try for the initial targets as stated.
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Sometimes due to the fact that I am all the way out here in Hawaii and there is a massive time zone difference, I usually am not able to update my charts at the time that "mainlanders" are use too. I closed all remaining units on the Jun 8 candle which was the first day of the new downswing into this new uptrend. Sometimes we traders have to be very flexible to new conditions as they develop. No matter how confident we were with our original intentions. Regardless I made good money on the trade by selling units into the upswing on the green candle days. Did I catch the top? NO. Nobody ever does (or they lie about It). Anyway now I am looking for a reentry above the cloud. I will need confirmation first. When that day comes I will post a new chart with new entry points. Congrats to all that took the trade along with me and made some money. Remember the motto: "Sell when you can, not when you have to!" Think about it.
bro even if price have to buy it should first deal with your pink moving average as support level
Ichimoku_Kisai
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@victorog123, It did. Read my first sentence again and again.
Bonavest
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I love those Kijun-sen touchbacks... they happen all the time. I like making trades to pull back to them and like in this case they make a nice reversal point for continuation in the larger trend.
victorog123
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@Bonavest, thats a bad trade, dont take it as buy its a clear sell