Isn't this the candle stick patterns of "3 White Soldiers/3 Black Crows" or "3 Inside up/3 Inside Down"? Simoneg has explained it very clearly, better than Nilsson.

Simple "Make Pips" Strategy

image gbp/usd: Would a close below 1.6010 on the H4 be a good entry? I'm not sure as I haven't traded this strategy. Thank you edit: the pr. is below the 50 on the W. & D.

Trend Trading System

I'm getting hammered on the gbp/usd right now, hope that changes soon.

Ichimoku Kinko Hyo

image I entered the gbp/usd last night, D. TF, using Oanda's automatic R/R which I have set at 1% risk, 2% reward. My eur/aud is finally in profit after spending last week and the weekend in negative territory. The g/u is in slight profit. edit: ...

Ichimoku Kinko Hyo

Yes, but if one follows the ichimoku strategy as given, the 1.4200 was below the cloud. I am only taking the safest trades according to the rules, but in this case it is not happening so far. Still in negative territory.

Ichimoku Kinko Hyo

The purple line is resistance and although I placed my Buy Stop above it, price seemingly likes to play up and down of R. I hope this trade turns around and goes into profit.

Ichimoku Kinko Hyo

My 2nd trade was entered this afternoon, a Buy Stop for the usd/hkd;entered @7.7520, SL (1%) @7.5966, TP (2%) @8.0617. Both my trades are negative right now but will not pull the plug yet. image

Ichimoku Kinko Hyo

My eur/aud Buy Stop has been hit @1.4524; SL (1%) @1.4194; TP (2%) @1.5063. Hope it goes...

Ichimoku Kinko Hyo

I use Oanda's FXtrade platform (Java) and I can chose midnight or 5pm. The 5pm is the reason I switched from mt4 to their proprietary platform. I like mt4 better but the earlier rollover suits me better. And 5pm Sunday, US cdt, is not a good time to ...

Ichimoku Kinko Hyo

I look but rarely trade Sunday evening here in the US but the eur/aud & usd/hkd may try to break out of the cloud, bares watching on Monday evening.

Ichimoku Kinko Hyo

Well, if I start posting again then that doubles the participants; then maybe two will become four - we can hope. piprac

Ichimoku Kinko Hyo

I didn't trade the 1st two weeks of Sept., Labor Day, NFP, and a short vacation. I then got sidetracked looking a some trend trading strategies, forgetting or ignoring that I had been doing fairly well with the ichi. So I'm back and this is the only ...

Ichimoku Kinko Hyo

I appreciate the comments. I am always prepared to move TP if a trade goes my way but seeing the Scots/Brit voting coming tonight (US) I cancelled the sell stop. edit: I didn't post the W chart of the gbp/usd but that is the TF I usually trade, I ...

Trend Trading System

I have a sell stop order for the gbp/usd @ 1.6160, SL 1.6259, TP @ 1.6070. The trend is down on all 3 TFs but my question is: should I raise the sell stop to 1.6236 on the 4H to get a better R/R? If I don't change then the R/R is 1:1. Any comments?

Trend Trading System

I like to use previous Support or Resistance for both SLs and TPs. These are known areas for that particular pair; X ATR is easier but to my mind arbitrary. Since MAs lag I have never been real comfortable using them for exits. But as you say, there ...

Trend Trading System

D. TF, gbp/usd sell stop hit image 20 hrs ago @ 1.65790, SL @ 1.67360, TP @ 1.64880. A 1.5 risk to 1 reward so far from ideal but I liked the looks of the chart. A small exposure.

Ichimoku Kinko Hyo

D. TF, nzd/usd. Short 24 hrs ago @.83665, SL @.84327, TP @ .82800. A little better than a 1:1 R/R and right now minus 17.5 pips and hoping for better. image

Ichimoku Kinko Hyo

I'm short the eur/gbp on the Weekly chart. Entry @ .80010, SL @ .80420, TP @ .7922. My TP is almost exactly the ATR 15 image

Ichimoku Kinko Hyo