Did an intra-day trade earlier. Decided to blog on it.
The general set up is using ichimoku charting.
The first entry was short. It was established while price near the kijun-sen. It was an active set up, anticipating that price action will be moving. Unfortunately, not much movement, position was closed out.
The second entry was more of a reactive entry, as price action began to move. Profit level set up.
Profit target hit shortly after (Partial closed out)
Exit remaining position shortly after.
General Principle:
- Sell if price action is below the ichimoku cloud.
- Close out as tenkan sen and kijun sen diverge out.
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