rathcoole_exile
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SL and Open Target (after we move into profitable territory) are pretty much the same - a close above the Kijun on 1H,
But I'll be watching for a close above Kijun on 5m, 15m as early warning signs, and may close early, depending on where we are with round numbers, fibs, pivots, and gut feeling
but if I do close out for a profit on a low TF, I'll still most likely be looking for a re-entry again, assuming the 1H still looks okay
sounds ok ? clear enough ?
hope it helps pal ....
But I'll be watching for a close above Kijun on 5m, 15m as early warning signs, and may close early, depending on where we are with round numbers, fibs, pivots, and gut feeling
but if I do close out for a profit on a low TF, I'll still most likely be looking for a re-entry again, assuming the 1H still looks okay
sounds ok ? clear enough ?
hope it helps pal ....
rathcoole_exile
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stopped out :-(
wil look to re-enter at around 1.3600
wil look to re-enter at around 1.3600
Well hindsight is easy eh....
Many times I have traded or not traded a harmonic pattern n it has gone south, same likewise I'm sure with Ichi anyway, still testing this ichi thing, we will see, but for sure harmonic patterns alone will never ever guarantee, so we need something more, hey I bet we end up going back to the stochs, heh heh. For now am on the Ichi.
4got my picture.
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rathcoole_exile
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by deinition, the Kijun Sen is a trailing stop
Ok, since you get stopped out (as written in your post), I assume you don't put automatic trailing stop. That's my question.
With divergence on the daily and the CS on the daily she could be heading for 1.4075 all timeframes are now bullish, will see.
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JahDave
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You could always learn Elliott Wave targus, and use it in conjuction with anything else........(BTW, I went long EUR_USD yesterday myself and will probably stay that way for a week or more, depending on EW and Ichi and one other technical indicator). Good trading....
JahDave
rathcoole_exile
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yes certainly the 30/15/5M TFs are short-term Bullish
But personally I don't consider a price cross of Tenkan (as on the 4H) as a Bullish signal.
At best, it's a very weak heads-up.
Slightly stronger bullish signals on the 1H, cross of Kijun, chikou cross etc, but still up against the Kumo Cloud overhead.
I'd like to at least see price break up through this 1H Kumo Cloud before considering to go Long
rathcoole_exile
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r-e
Yes, I'm with you. I am trying to stick to only trading when everything is either above/below the kumo. So tempting when you see the daily where it is sitting on the CP and I have harmonic patterns on most timeframes showing bullish. I must not be tempted.
Yes, I'm with you. I am trying to stick to only trading when everything is either above/below the kumo. So tempting when you see the daily where it is sitting on the CP and I have harmonic patterns on most timeframes showing bullish. I must not be tempted.
Ok, what I mean is, you went in at 1.3590 with SL of 1.3700 yesterday. And the price does go to 1.35 level (around there) during one period.. so I was wondering, did you move your trailing stop manually ( ie , you ensure your profit). I am guessing no, because you got stopped out (which i assume it touches 1.3700 some time after it went to 1.35 )? So I am just suggesting you include an automatic trailing stop ( if you don't have the time to monitor the screens ) just so that you can lock in your profit.
I think its a pity because you could have gotten some good pips yesterday
