Hi John, I started reading your posts in another forum and now jumped here, wich is a great forum, plenty of information.I hesitated over this trade, in the back of my mind was the ever present thought that GBPUSD had hit the ceiling and had the potential to go down to test the previous mini level at 1.2918. I ended up using half risk. Two trains of thought for this trade. One, I'm glad I used half risk and the 2nd being I should have listened to my initial call.
Also worth noting, it was extremely difficult to choose the stop. I used a 15.5 pip stop at 1.2914 (below the mini level) but I felt wherever I placed it, price could flush it out before returning higher which is exactly what is currently happening. The low of that move was 1.29128 and now bounced back into the 1.2920 area.
Hi Martin,Hi John, I started reading your posts in another forum and now jumped here, wich is a great forum, plenty of information.
I have a couple of questions, hope you can make some time to clarify this to me:
1 - How do you manage when, in cases like this, divergence is telling you to go short, and Ichimoku strategy is giving you an entry to go long?
2 - How do you draw those boxes? I mean how do you define the levels.
I have a lot more, but... step by step