GBPJPY PROFIT

GBPJPY PROFIT
19th May 2017 contacttf
The Ichimoku Cloud is an indicator designed to tell you everything you need to know about a price trend, including its direction, momentum, dynamic support and resistance levels, and even trade signals. The Japanese name—Ichimoku Kinko Hyo—means “one look (or glance) equilibrium chart.”

All chart line up, I took the trade because of my recent re-evaluation of candlestick chart patterns.

I could see price turing so I closed out before my system. Again, this was from candlesticks.

After trade analysis
The price retracted back half way through my entry. If I followed my system and did not move my stop down, I would still be in the trade.

Moving average convergence divergence (MACD) is a trend-following momentum indicator that shows the relationship between two moving averages of prices. The MACD is calculated by subtracting the 26-day exponential moving average (EMA) from the 12-day EMA.

 

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