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For people who are using maksigen system and Braintrading system.
Width of the channel is 43 pips.
Flat was finished on M15 timeframe.
Buy on M15 with the stop before 1.2059 (first target) and 1.2069 (second target).
For the people trading on breakout (Maksigen trading system): buy stop order at 1.2048.
Last edited by newdigital; 03-27-2006 at 03:46 PM.
For people who are using maksigen system and Braintrading system.
Width of the channel is 43 pips.
Flat was finished on M15 timeframe.
Buy on M15 with the stop before 1.2059 (first target) and 1.2069 (second terget).
For the people trading on breakout (Maksigen trading system): buy stop order at 1.2048.
It is an image illustrating it.
Please note: Trading inside the Maksigen channel is very risky because everything may be changed.
I stoped to follow this subject on M15. Because it is really difficult to predict something on M15 timeframe: situation on M15 timeframe was changed 2 times already and now is buy once again and this situation may be changed as well soon.
The daily finished with a small black candle which formed within the cloud and maintained a position just below the 200 MA. Indications are there could possibly be one more spike higher to test the weekly base cloud for resistance whilst at the same time completing a 3 wave sequence. When taking into consideration the bearish nature of the weekly chart it indicates the price should then retreat lower, perhaps to the 1900 area where the situation can be re-evaluated.
The daily spot chart printed a Shooting Star/Inverted Hammer, neither of which are in a pattern perfect position. The long spike tested the cloud and Kijun, but the body closed in a position at the lower edge the bearish cloud and still below the 200 MA. Tenkan and Sekou A have started to droop and when also taking into consideration the bearish nature of the weekly chart it indicates the price could still retreat lower, perhaps to 1900 +/- area where the situation can be re-evaluated.
Sam
Am I alone ?
or are there any others prepared to make a comment.
Great thread i think ichi strategy is really good one but do you guys take into account fib support/resistance or pivots or rely heavily on ichi ad no other indicators
Ichi is a method that actually should stand alone and be obvious with 'one glance'.
However, being an experienced trader using other TA methods for many years I feel Ichi benefits from the use of supporting methods such as Fibonacci, Gann, Elliott Wave, etc.