Thread: Interactive Trading Setups Disscussion

my goal as a trader is not to know where the market goes, not even to predict where it can go, ... but to identify the decision points, enter with the lowest risk, know the probable TP level ... than it's all becoming much easier

yeah but i think that harmonic trading give you this kind of advantages... ichimoku is different, but i think it's safer than harmonic trading because you go with the trend... one you understand how enter in the trades it's very easy... for me the hardest part is to get used to biggest sl than HT... also i'm trying to skip trades in lower TF's, its too stressing...

long the EJ with tight stop below last support in the low 90
2013-12-17_1058 - stock333's library

Originally Posted by kidrock82

well yes, but i'm still trying to understand if it's more profitable to use fixed tp, or use the kijun sen as my trailing stop loss... for now i'm trying to open a position when there is a kumo breakout, it means that i ll try to ride all the trend using the kijun sen... in dayli tf it means go for 500-1000 pips, depend on the cross im trading... and then open more positions based on 4h tf with fixed tp... like 200-250 pips...

kidrock82 why dont you backtest it for a longer period first and mybe for a few pairs also?

GBPUSD M15 Bear cypher opportunity arround 1.6310 on a HTF downtrend...



Regards

Originally Posted by kidrock82

yeah but i think that harmonic trading give you this kind of advantages... ichimoku is different, but i think it's safer than harmonic trading because you go with the trend... one you understand how enter in the trades it's very easy... for me the hardest part is to get used to biggest sl than HT... also i'm trying to skip trades in lower TF's, its too stressing...

harmonics in nature are ways to catch the knife (end of correction or end of trend swing). Risky, true. Ichimoku is more trend following.
both has some pros and cons.
there is no grail in any method.

Originally Posted by kor4x

emerging bullish setup on AUDUSD -> Attachment 4013

got stopped on AUDUSD long unfortunatelly ->
also was wrong about EURUSD and EURJPY.

Originally Posted by stock333

long the EJ with tight stop below last support in the low 90
2013-12-17_1058 - stock333's library

i am also on it.