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- lbtrader replied Nov 30, 2009
Hello Tommy_C and wellcome to this thread, I'm sure you will find quite a large community of trend traders here. good call on your trade (call it a weak TS/KS or bearish kumo breakout doesn't matter) , but my question is why did you exit where you ...
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- lbtrader replied Nov 27, 2009
I suppose you can consider this as a countertrend play on higher TF, but the 5 and 15 would be OK for the purposes of a scalp. it so happened that the move was much more pronounced than a simple coutertrend as is often the case. once you are ...
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- lbtrader replied Nov 27, 2009
EJ long — again this is a good entry as the conditions reversed with the support on 5M, 15M, and 30M.
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- lbtrader replied Nov 27, 2009
EJ scalp — Hi, welcome anti, and I hope that you read at least once the ichimokuwiki document. your entry is quite valid, as it shows a strong TS/KS bearish cross as per vic's rules. but you must be careful on 1M TF, the conditions must be in ...
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- lbtrader replied Nov 26, 2009
Thanks — Thanks mate, coming from someone who has been much longer than I have in forex means a great deal. I use all ticks. that is unfortunate to hear ichi, I was under the impression that you were doing quite well. perhaps if you share your ...
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- lbtrader replied Nov 26, 2009
Hey vic thanks for the good words and it is quite encouraging to see that a few of the new comers are really taking the time to learn from the start and not rushing things and burning important steps in the learnin curve. Good work Zai and Dejan and ...
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- lbtrader replied Nov 26, 2009
yeah, it takes around 15 seconds/bar on 32 and 95 sec/bar on 31. so you choose which is it that suits you or probably slow it down if you are waiting for a signal to trigger and speed it up when it's choppy and boring.
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- lbtrader replied Nov 25, 2009
true, but in case of GJ I had to close early because of the pinbar that hit the kumo and yesterday's high then reversed.
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- lbtrader replied Nov 25, 2009
SL — no I used KS for this one because it is not just starting move, this is already established move and if I was in from the start I would be adding to my position at the level I went in. s*%$t, I missed the JPY crosses too, I had to go out ...
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- lbtrader replied Nov 25, 2009
thanks Iskander, this was a strong TS/KS cross and I waited for a retrace to TS and chikou span to clear the price. I suppose I could have taken it one candle earlier.
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- lbtrader replied Nov 25, 2009
good to hear, wish you all the best and happy 3eid to you too.
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- lbtrader replied Nov 25, 2009
EU,GU,GJ — Hi Vic, I hope somebody caught these moves.
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- lbtrader replied Nov 24, 2009
please read the definition of senkou span A and Senkou span B in the beginning of the ichimokuwiki document.
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- lbtrader replied Nov 24, 2009
this is just an observation FXG, it happens so frequently that you might consider it as certain, but you will not find it in any book
it means that the sentiment is changing from bullish to bearish or vice versa depending on where the senkou span ...Ichimoku forever
- lbtrader replied Nov 24, 2009
whenever you move your SL on the same TF of your entry, you can be certain you will be stopped out. try to use a reasonable SL on a higher TF.
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- lbtrader replied Nov 24, 2009
looks like it will retrace to kumo on 1H and to TS on 30M. 1H, 4H, and Daily are bearish. I would take it on bounce off kumo on 1H but keeping in mind the strong resistance levels at 132.00, 131.90, and 131.82, so possibly partial TP at this zone.
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- lbtrader replied Nov 23, 2009
EJ continued — thanks, and here's a continuation as it hit the descending TL with a pinbar formation(more impressive also on 4H), it is a countertrend to the TS/KS cross, took profit at the kumo +70.
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- lbtrader replied Nov 23, 2009
EJ — started as a countertrend play on 4H then added on as kumo breakout on 1H. total 121+47.
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- lbtrader replied Nov 23, 2009
what is the matter with people and mathematics in this thread. I explain it in pips some people don't get it, I explain it in $ and still some people don't get it. I tell you what, let's drop this futile argument and let every one use ...Ichimoku forever