Yes but because this changes depending on each currency, we should add something to the calculation. In spot forex, it is not simply 2.5% risk divided by the number of pips we are risking. We need to put the exchange rates in there somewhere. This ...

Ichimoku forever

vic You talked about MM and RM recently. Since, the profit/loss is always calculated on the 2nd currency in a pair and then converted back at the appropriate rate for whatever currency your account is in, do you change your lot size depending on the ...

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Well, if you already have your profit then it's a kind of hedge I guess

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You are long GU and EG ? Interesting...usually inversely correlated. I am long EU from this morning but been stuck around +50pips for a bit: 50% taken off earlier. USDCHF short, at +30. 50% taken off earlier.

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I don't think the ichimonitor tells you where the cross happened ie below or above cloud, it just tells you that the Ts is above the Ks, etc.

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The news probably caused that to trigger upwards. I agree the trend looks bullish but I would want candles to close above the Ts again on the 30min. Also, this is fine if you are going for a short term trade but there probably won't be a great deal ...

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Did you take the EURJPY bounce? If not it's a bit too late now with the ECB conference coming up later.

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I think you can afford to wait on that one. The Daily EURJPY is more of a range rather than a trend. As an example, compare EURJPY Daily to AUDUSD Daily. Wait for a candle signal (I'd like to see a red candle in there somewhere) and be aware the EUR ...

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A 4hr trade is a longer term trade so I wouldn't do anything with the GBP news coming out tomorrow. However, based on a theoretical trade, you could in theory take a break of the trendline if the candle closes above it. Alternatively, wait for it to ...

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watch the downtrendline on that one as it is close by. Draw it on the price or the CS span if you want.

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Currently, I am in the following: GBPUSD long: 1hr kumo break +60pips GBPCHF long: 30min TsKs cross +47pips EURGBP: short: 30min TsKs cross +30pips All stops are at break even. My rule is that after the trade is in profit by 25% of the ADR, I move ...

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USDJPY trade stopped out. D1 and H4 trends were down. A: was a neutral cross in the cloud with the CS moving down below price. ENtry was taken on the kumo exit here. B: Confirmation of resistance at kumo flat top and previous bounce. C: Stop loss ...

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I'm interested in the actual technicals of above but a word of warning...2 words of warning...NFP Friday - . I wouldn't be getting into any long term trades on USD pairs unless I could get my stop to break even on Friday morning and even that's a ...

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I think as it is just at the bottom of the kumo, it may be ok. The warning sign is the bounce from the support area on H4. I'll still take a 30min Ts/Ks cross if applicable and if CS stays below price curve but I'm not entering unless I get a Ts/Ks ...

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Well, that's the 2nd 50% of EJ and CHFJ stopped out at b/e. I will be looking for a re-entry under the right conditions. Now I could have left the stop on this in it's original place instead of moving to b/e but the trades were far in the +pips at ...

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PA is a bit swingy at the moment so I've decided to leave it and not increase my risk at present. I'll take a trade nearer the kumo if it keeps moving in my favour.

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Well, all my trades are with the Daily and H4 trends so I'm hoping to hold them medium term. However, I usually close 50% at the nearest S/R area and those are the short term half of the trade to take some profit. To me, it seems the best R:R points ...

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CHFJPY and EURJPY have come back to the 30min Ks now. If there is a close below the Ts, would anyone consider an add-on trade? The safest way of course is to wait for a return to the kumo area again and trade from there, that gives the best R:R if ...

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I agree, a good weekly round up could be good but it takes time for people to prepare. Dragging the trade from metatrader account history to the screen can show the entry and exit points. EURCAD was stopped out for me so far this week but the JPY ...

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True I took one of the other JPY pair trades instead as I missed the GJ one. EURJPY closed half on +60pips (30min cross and kumo exit) CHFJPY closed half on +50pips (30min cross and kumo exit)

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