Flat KS trade...

Strategy shift...
Be careful of whipsaws

Comentário:

Not being in the market in these conditions is a great testimony to the success of a trading system.
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

Comentário:

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

Comentário:

I like what I see now..

Comentário:

If you enter, place your stop just under the KS

Comentário:

Risk is ~15 pips

Comentário:

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

Comentário:

We should not expect a close below TS at this stage
So if that happens, get ready to do something about it

Comentário:

I think we just broke the high by a pip
So congrats, we are now bullish

Comentário:

did we?

Comentário:

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

Comentário:

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

Comentário:

I'm up about 35 pips
we are now at DR2 where we will probably retrace or rest for a while

Comentário:

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

Comentário:

So we still have a chance to micro manage our positions today

Comentário:

I think every man/woman for himself at this stage and we will set new entry strategy for the next leg up

Comentário:

Personally, I closed 75% of my position

Comentário:

I will rebuy 100% again on a retrace

Comentário:

I will have 50% of my new position placed at the TS
and the rest at the KS

Comentário:

I mean to re-enter

Trade fechado: objetivo atingido:

This strategy has fulfilled its intended use
We now move to the CS setup. Please follow the next chart

This chart is now closed