Confluence of Bullishness

ที่อัปเดต:
Too many things to list. Keep it simple and read notes on chart:
1. Intersection of Gann lines in time.
2. bullish Ichimoku set-up in the zone between Kijun and Senkou span A
3. Positive reversal pattern developing
4. Favorable reward:risk profile
5. Short capital exposure (13-25 bars) in the daily time frame
6. Confluence of Fibonacci lines.
7. This is my idea and mine alone, I thought it was a nice opportunity to demonstrate how multiple lines of thought can converge on the same price range. What you do is on you. I am not responsible enough for more than myself.
As always,
Trade responsibly
Shiroki Heishi
บันทึกช่วยจำ
No pivot today...Everything is as it was. We will see what develops.
Shiroki
บันทึกช่วยจำ
Okay, so we closed higher on the day, we should have our pivot in the oscillator if we can confirm this close. Patience is the key, we are not going to be rushing this as we've closed below the Kijun-sen for two days now.
บันทึกช่วยจำ
Pattern still active, hasn't made our pivot yet, but hasn't closed below the failure level either. Waiting is the name of the game here. Just taking the time to recognize the fact that without a plan, we would have lost money. So We wait and let the market tell us when it is ready to play.
การซื้อขายยังคงดำเนินอยู่
Here we go, we are all set with a stop at .7901 +/- pip spread, or about 45 pips. with a target at .776. Which would see a 200+ pips. Pattern has gotten a bit long in the tooth at 28 days, but resolution should still be seen in 14+ days (not too long) and the signal strength amplitude isn't perfect, but worth it. I would like to see it in the 18-20 range, it is @ 22 so about 10-15% too wide.
You could take the wider stop at the .74426 lvl which would double your risk exposure, so use half the lots and add to it later.
Hope this all works out in the end.

Thanks for playing along,
Shiroki
บันทึกช่วยจำ
sold 1/2 of my position @.7211 today, and moved my stop-loss to even on the other half. May add on strength in a down squall in the next couple of days. If not then the original plan is intact with the target of .776 in sight.
Thanks for playing along,
Shiroki
บันทึกช่วยจำ
I mean .76211, sorry for the typo
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Greed is a terrible thing, we missed the goal by 30 pips. Stopped out at the new break-even price @.76211. Not too terrible I guess.
Thanks for playing along.
Shiroki
FibonacciGannIchimoku Cloudreversal

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