Ichimoku 'Wave', forming a nice trade entry into a short position. I have only calculated the 'N' wave. (of note, trading this pair I have found the Ichimoku 'N' wave to be the most frequent hitting target.
How I trade this set-up (this is my classic way of trading this set-up)
Conservative - Enter now as price has already pasted the 'B' leg (109.749) and set your stop on the 'C' Leg (110.080). If price drops above 'C' leg trade set-up becomes invalid.
Target is 'N' Wave - 109.000
When price hits a projected wave target look at price action and see how price is re-acting to that level. The five lines of Ichimoku will help.
Any conversation around this Ichimoku set-up is greatly welcomed. Please note there is no time frame as to when price hit's these levels, my last trade, took three days to hit my target. Potential Trade stays valid whilst price fluctuates between B - C ('I' Wave).
Good Luck ;)
How I trade this set-up (this is my classic way of trading this set-up)
Conservative - Enter now as price has already pasted the 'B' leg (109.749) and set your stop on the 'C' Leg (110.080). If price drops above 'C' leg trade set-up becomes invalid.
Target is 'N' Wave - 109.000
When price hits a projected wave target look at price action and see how price is re-acting to that level. The five lines of Ichimoku will help.
Any conversation around this Ichimoku set-up is greatly welcomed. Please note there is no time frame as to when price hit's these levels, my last trade, took three days to hit my target. Potential Trade stays valid whilst price fluctuates between B - C ('I' Wave).
Good Luck ;)
評論:
評論:
I'll be not around for a few hours, just if you're following, watch price action around the 109.400 - 109.500 as a smaller wave has presented itself and Bears have been in control for some time (referring to 4Hr chart).
Our target is still 109.000 but moving the stop down if Price action is showing reversals or the Ichimoku is (around this price). Usually I move it from the 'C' leg to the 'B' leg. Hopefully I'll be back before this happens.
Good Luck
Our target is still 109.000 but moving the stop down if Price action is showing reversals or the Ichimoku is (around this price). Usually I move it from the 'C' leg to the 'B' leg. Hopefully I'll be back before this happens.
Good Luck
交易結束：達到停損點:
Hopefully for those watching the market as it reached the 109.500 (like I stated above), saw the price retract at (109.564) forming a "Hammer" and moved their stop to the 'B' line or got out all together making a small profit/loss or break even.
The reason I'm closing the trade is I won't have time to watch the market closely today and its having a major battle.
If it does get another run, the 'N' wave target will stand.
Good Luck ;)
The reason I'm closing the trade is I won't have time to watch the market closely today and its having a major battle.
If it does get another run, the 'N' wave target will stand.
Good Luck ;)
評論:
交易進行
評論:
評論:
They only thing I'm not liking is the horizontal KUMO.
評論:
評論:
A reversal candle is starting to form, be wary. We may need to wait for a KUMO bounce or some other confirmation for this trade set-up to be valid (kijun cross).
Price has had a hard time breaking my ('B' - 'C') 'I' wave channel.
Price has had a hard time breaking my ('B' - 'C') 'I' wave channel.
評論:
OF NOTE - I never trade whilst the Chikou is tangled in the price.
評論:
For those who were in this trade set-up, start moving our stop down to where you are feeling comfortable.
Ichimoku is starting to show changes. (our target is still 109.000)
Ichimoku is starting to show changes. (our target is still 109.000)
交易結束：目標達成:
Well it was a battle and at times I wanted to say we close early but we stuck to our trading plan and it paid off.
Two days - 747 pips (happy with that).
Two days - 747 pips (happy with that).
交易結束：目標達成:
Have a great weekend everyone!!
