Ichimoku_Trader
Education

How to trade breakouts...

FX:AUDUSD   Australian Dollar / U.S. Dollar
In addition to the method described here, I also have 2 other methods (KS25 and SSB100) which I talked about in previous slides
One more remains and maybe I will talk about it in the future
Comment: The best accuracy can be made if the entire formation happens inside the kumo
Comment: Let's try to find a live application of this trade this week
Your input will be highly appreciated
Comment: As you can see, this was a great application of the concept

Comments

We enter in market with stop limit order and exit if cande momentum low?

Or we wait candle with high momentum that break bracketing?
Reply
@zzzzlzzzz,

You can do both
I like to take the break and watch to see what happens with the candle that breaks. If it carries low momentum I lower my risk as much as possible
+1 Reply
zzzzlzzzz Ichimoku_Trader
@Ichimoku_Trader, Thank You!
Reply
Hi there, first off, thank you for all the work you have put into these guides! I am about to dig into them all and read pretty much everything I can. I personally love ichimoku, but I noticed on all your charts you have the oscillating indicator on the bottom. What style of indicator is it? Is it RSI? Stoch? MACD?

Thanks in advance!

Lewlowned
Reply
@Lewlowned,

There are 2 indicators at the bottom
1. Awesome Oscillator
2. An oscillator which I have developed and which is still under testing (it has no name yet)
Reply
Hi, hope all is well. What do u see in the CAD/CHF? It looks good to me. Thanks
Reply
Ichimoku_Trader DatDudeDanny
@DatDudeDanny,

Do you mean as a breakout trade?
Reply
DatDudeDanny Ichimoku_Trader
@Ichimoku_Trader, Yes, it's chopping on the cloud on the daily, and it seems extremely oversold.
Reply
Ichimoku_Trader DatDudeDanny
@DatDudeDanny,

Traversing the cloud means that this is a trade that is developing on the higher TF
As such, and if we go to D1, you will notice that we have a bullish bias and that a great BO trade is developing
We need to wait for price to create a pivot below the TS&KS on the daily (so maybe a couple of days more or so) to start considering the brackets

Great catch
Reply
DatDudeDanny Ichimoku_Trader
@Ichimoku_Trader, Thanks, the CAD is getting some data in the morning. Some good numbers may be a good catalyst. I'm watching this one closely. Thanks for the advice!!
Reply
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