You can trade the market and make money using only the KS and nothing else. This is a good method for someone who does not have a lot of time. More complete and complex methods will be mentioned as we go along
TRADING STEPS FOR PURE KS TRADING:
1. Decide on the market direction using the direction of the KS as mentioned previously. If price is inside the kumo (clouds) do not trade for that day.
2. Your job after that is easy. Buy/Sell with an order at the KS
3. Place the stop loss (SL) at the previous day's high/low
4. Everyday, update your SL to the previous day's high/low
5. If the KS goes flat for longer than 25 candles then liquidate the position
6. If you are stopped out then restart the process
I hope you try this method and enjoy its profits
Good luck
TRADING STEPS FOR PURE KS TRADING:
1. Decide on the market direction using the direction of the KS as mentioned previously. If price is inside the kumo (clouds) do not trade for that day.
2. Your job after that is easy. Buy/Sell with an order at the KS
3. Place the stop loss (SL) at the previous day's high/low
4. Everyday, update your SL to the previous day's high/low
5. If the KS goes flat for longer than 25 candles then liquidate the position
6. If you are stopped out then restart the process
I hope you try this method and enjoy its profits
Good luck
Pemulihan
@zzzzlzzzz,
That is usually the case in strong markets
If that happens, use TS to buy but be aware of the higher risk
That is usually the case in strong markets
If that happens, use TS to buy but be aware of the higher risk
Balas
Question: When you are you making the orders/adjustments?
For instance, you state on D4 you'd sell at KS... but the KS moves and intersects the price action more than once that day. - If you place the sell at KS anytime before 7am, it won't get filled. if you place the sell at KS anytime after 15pm, you loose most likely.
For instance, you state on D4 you'd sell at KS... but the KS moves and intersects the price action more than once that day. - If you place the sell at KS anytime before 7am, it won't get filled. if you place the sell at KS anytime after 15pm, you loose most likely.
Balas
@Bwinks,
Yes...
I covered that in my educational material where i talked about static vs dynamic KS
Please take some time to read it there
Yes...
I covered that in my educational material where i talked about static vs dynamic KS
Please take some time to read it there
Balas
How often does this system require updates? What is recommended?
If the time frame is in hours, is the buy order (set to KS) updated every three, 6, 12, or 24?
It's stated the SL is updated once a day, just not sure what to make of the buy orders. (Over the last week, most orders I've placed haven't been filled when put on the KS)...
If the time frame is in hours, is the buy order (set to KS) updated every three, 6, 12, or 24?
It's stated the SL is updated once a day, just not sure what to make of the buy orders. (Over the last week, most orders I've placed haven't been filled when put on the KS)...
Balas
When you say the KS is flat for too long, what would be the period that if Flat you should exit or avoid the trade ?
Balas
Thanks for the info. But where is the high of D1 that you are referring on D2? Can you please pinpoint it?
Balas
Stay tuned guys and please follow, like and comment
Good luck