Ichimoku_Trader
Long

To be or not to be...

FX:USDJPY   U.S. Dollar / Japanese Yen
977 10 37
This trade is very interesting because if you look at the weekly timeframe you will notice lots of things which scream, get up and start moving.

Maybe I'll do an analysis of the weekly just to explain it more. Wait for it

Good luck
Comment: We have entered the buy zone
Now just please wait for a signal to buy. Good luck
Comment: PLAN UPDATED
Comment: See UPDATE 1.0
confused here, this was a buy or a sell signal, and how?
Reply
Well this trade started out as a buy and ended as a very very nice sell

The buy was built on the fact that we should have been trending up so we wanted to buy a retracement and we did
Then price turned the other way and we got into the second trade which was a CS setup

I hope it is clear now
Good luck
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vijaylaxmi Ichimoku_Trader
Thanks for the explanation, will study this further!!
Reply
Welcome
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I would expect price to bounce up from the 1H cloud bottom (110.56) before then. Coincidentally, 110.56 is also where the 4H KS will tick up to in 16 hours (assuming no new highs/lows). Is this good enough signal?
Reply
Your expectation is valid but it is not a signal. If you take that approach (buying at a specific retracement level) it is also ok but it causes losses that can be avoided by using signals.

So it's your choice and depends on your confidence in the analysis you have arrived at

Good luck
Reply
Waiting for BOJ and USD news this week too.
+1 Reply
maybe the signal will come just Thursday with BOJ statement.
Reply
Ichimoku_Trader MarcielSouza
I hope you took the signal already and I hope you were on the down move with everyone!!!!?
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thanks looking forward to seeing the weekly analysis!
Reply
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