Hello all just wanted to post a trade I just entered on the monthly time frame I will keep you updated!!
if you over think think things peter you will never ever be involved. I have rules that I follow according to my plan, if my rules are met I get in a trade, I risk money I am comfortable loosing and have a good r/r that means i size the lot based on how much money Im willing to risk pips has nothing to do with it u can risk the same amount every single time. I really liked the monthly set up, but i used the 4hr for a good entry if you will look there is a nice pin bar set up,when all this stuff lines up for me its time too get involved. hope this helps better understand, thanks for the question
Hi Trae -looks great as usual... I wish my charts were so neat - what about the chinqou span I only noticed it's not on your chart... do you not use it? Gill
Nice trade, I like how its happening with such a strong flat kumo along with a key role reversal level being broken.
I will be interested to see how this plays out but overall, based on ichimoku kumo breaks, its a solid entry. Kind Regards,Chris
yes thanks Trae - thought span was important - i find sometimes it has to break cloud too...? w
If this key level is broken I will look to short again confirming correct signal (price action).
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