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Ichimoku_trader

GBPJPY SS Short + 87 Pip PotentialWe have several good Type 1 Trades on the GBP pairs today. This is the First: Price is below the Daily, 60 and 15 KS as well as the cloud. This is a Type1 trade with a High probability and good RRR. 2 Potential entries (it is one or the other, not both) Entry = 136.99 Stop =137.19 Risk = 20 pips Profit target = 136.12( The projected daily low ) Reward = 87 Pips RRR = 4.35 - 1 2nd Entry = 136.55 Stop = 136.85 Risk = 30 pips Profit target = 135.65 Reward = 90 Pips RRR = 3-1
Short
by AGold54
GBPAUD SS Short + 78 Pip PotentialThis pair has been in a slow downward grind all week. it is due to explode. Price is below the Daily, 60 and 15 KS as well as the cloud. This is a Type 1 trade with a High probability and good RRR. 2 Potential entries (it is one or the other, not both) Entry = 1.8249 Stop = 1.8269 Risk = 20 pips Profit target = 1.8171 ( The projected daily low ) Reward = 78 Pips RRR = 3.9 -1 2nd Entry = 1.8209 Stop = 1.8239 Risk = 30 pips Profit target = 1.8119 Reward = 90 Pips RRR = 3-1
Short
by AGold54
1
Wait for the Easy Set-ups and the purpose of Trading I often have traders ask me, how can I get alot of trades? And my response is that is the wrong question, the purpose of trading is to make Money, Period. It is, imho, to make as much money as you can in as few trades and in as little of time as possible. Although I have several methods of trading, the SS MA method, shown here is my absolute favorite. It has an 87% success rate with a healthy 3-1 RRR. That said, I often ask those same traders "If you could consistently make 6-12% per week but could only take 2 trades, would you do it?" The answers are surprising as again, imho, anybody that says anything but yes really needs to rethink why they are trading. You should not be trading for the excitement, you should not be trading just to hit buttons. You should be trading so you can sit on a beach with the cocktail of your choice in hand. to that end, I would implore you to come up with your best trading methodology and trade only that. As I have prominently posted between my monitors, as a reminder to myself "Wait for the easy set-ups and don't do anything stupid in the mean time" :)
Education
by AGold54
20
GBPAUD MA Short + 83 Pip PotentialAlthough I am not keen on taking trades as the London session is coming to a close, I think we can take advantage of a pullback after this morning strong move down. Entry = 1.8577 Stop = 1.8597 Risk = 20 pips Profit target = 1.8494 The projected Daily KS and Senkou A confluence Reward = + 83 RRR = 4-1 ** for my Peeps from Apiary be aware, and take the appropriate precautions, that the spreads will widen significantly between 4pm est and 7pm est., If you take this trade make to account for it by widening your stop during that time and account for the risk protocols.
Short
by AGold54