A retail trader's insight into Ichimoku

2 days ago

This is my first time publishing what's on my mind. As you can see in my chart, the last few trades I initiated using the Ichimoku system were bangers. How do we know when to take profit? Generally I set a hosoda wave profit target, and limit out slowly. However I always fall into the same trap and exit a position too soon. Today I held off on exiting my long from yesterday and I did take some profit, but set the stop loss to break even. It did trigger, and as you can see I should have opened a short. I don't know where this one will play out, but it looks like there is no opportunity to long yet. I will examine and watch the 5 minute for any signs of life. Still hoping for a big dump to 88-85k where I can open a fresh swing long. I know people hate the idea of BTC going down that far, but usually this time in the cycle we get a big shakeout.

Here goes nothing.

yesterday

Trade active

I think the low for today may be in, to be seen what happens since markets are closed Thursday. I am closing half now and the rest will ride.