A quick follow up on my Ichimoku post yesterday
My thanks to Ol’Bearskin, one of our Twitter followers for the question regarding exit strategies when using the Kumo cloud.
The second (live yesterday) USDJPY chart contained within the post gave a very good example.
If we accept the top of the cloud as resistance ( as per my comment on the above chart ). This was where I was happy to take partial profits. In fact it stated to look intraday ‘toppy’ over the next few hours and the remainder of my position was hit using a trailing profit stop.
Another cloud burst in Asia today can be seen on the below chart…………As I implied in my post yesterday – Please do not ignore the simplicity in favour of overloading your charts and overthinking your trading .I’ve learnt to appreciate the simple things …………..That’s why I enjoy the company of Si, K-man and Ryan 🙂
- Silver – This weeks shining star, as predicted by ForexFlow - July 19, 2019
- 新年快乐 财源滚滚 大吉大利 A Happy wealthy healthy New Year to all our Chinese friends - February 4, 2019
- Gold and Silver – Glittering prizes? - January 28, 2019
i long it at 22 yesterday, took profit at 47, then reentered at 40
stop for the later one at 30
You’re a human dynamo Q
Top trading my friend .