Strategy shift...
Be careful of whipsaws
Be careful of whipsaws
Commento:
As stated in the trade, please make sure that there is momentum on the break.
This break that just happened is a perfect example of a break with no momentum
Momentum means those big candles that you are probably afraid to enter after you see because you think it is too much risk.
Good luck
This break that just happened is a perfect example of a break with no momentum
Momentum means those big candles that you are probably afraid to enter after you see because you think it is too much risk.
Good luck
Commento:
I like what I see now..
Commento:
If you enter, place your stop just under the KS
Commento:
Risk is ~15 pips
Commento:
We will be safe only after we break the critical level (top of 2 days back)
But let's hope this works out fine
Good luck
But let's hope this works out fine
Good luck
Commento:
We should not expect a close below TS at this stage
So if that happens, get ready to do something about it
So if that happens, get ready to do something about it
Commento:
I think we just broke the high by a pip
So congrats, we are now bullish
So congrats, we are now bullish
Commento:
did we?
Commento:
We are now officially bullish in the short term
Ichi still has reservations on my statement since price did not close above the kumo yet and CS is still below the kumo .. Usually, ichi is right and i'm wrong.
But maybe this time I'll be right ..
Good luck
Ichi still has reservations on my statement since price did not close above the kumo yet and CS is still below the kumo .. Usually, ichi is right and i'm wrong.
But maybe this time I'll be right ..
Good luck
Commento:
one more thing and we are in the clear
we need CS to close above the kumo
We may even get a chance to trade the CS setup
let's see
we need CS to close above the kumo
We may even get a chance to trade the CS setup
let's see
Commento:
I'm up about 35 pips
we are now at DR2 where we will probably retrace or rest for a while
we are now at DR2 where we will probably retrace or rest for a while
Commento:
This trade looks really good but I do not want to say anything before we are clear from the kumo and everything gets above the kumo
Commento:
So we still have a chance to micro manage our positions today
Commento:
I think every man/woman for himself at this stage and we will set new entry strategy for the next leg up
Commento:
Personally, I closed 75% of my position
Commento:
I will rebuy 100% again on a retrace
Commento:
I will have 50% of my new position placed at the TS
and the rest at the KS
and the rest at the KS
Commento:
I mean to re-enter
Trade chiuso: obiettivo raggiunto:
This strategy has fulfilled its intended use
We now move to the CS setup. Please follow the next chart
This chart is now closed
We now move to the CS setup. Please follow the next chart
This chart is now closed
Being patient is a great testimony to the success of the trader.
We all want to trade but let's be patient and trust our system ... no rush
Good luck