Shifted the stop loss level to below the kumo cloud.
Price was trading near the kijun-sen. Decided to add on more position.
Risk taken was half of the lock in-profit from previous trade.
This blog belongs to Bryan with a cybernick Resurrector. He is using Ichimoku Charting actively in his trading. He trades forex on a part time basis as he still hold a full time job as a consultant.
A pip is the smallest unit of measure for any currency. In most currencies, this is the fifth digit, or the fourth after the decimal point; in dollars, each pip is equivalent to one-hundredth of a penny. One important exception is the Japanese Yen, in which each pip is the second unit after the decimal point, meaning each pip equals one cent.
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