I once used this strategy on this forums contest BREXIT 2016: The Aftermath where I tried to combine the Ichimoku and Priceaction D which introduced here in journal section by Alexander Tatsumaki, I followed his thread for a long time and learned a lot of new techniques from Alex.
In this journal, I will try my best to capture the green pips with the help of Ichimoku and Price Action. All of the charts I post are usually be in H4 and Daily time frame, each month I ended up with maximum 10-12 trades only and most of these trades I open using Price Action because I feel more comfortable with fewer complications as compared to Ichimoku. which is great trend indicator not doubt but more complicated.
The intro of both the strategies can be found in the above links. Now its time to putt some charts of my current trade.
- The first trade is short at EJ, the reason is Double Top pattern, next week may or may not test the 131.90, support but I will try to lock the trade at BE and if tomorrow's daily candle closed below the support I will add more shorts and locked the current trade in the profit zone.
- The second trade is #Ripple which is trapped in a Symmetrical triangle. Technically we wait until the price broke either side of the triangle but I entered at an early stage because cryptocurrencies are more volatile.