Sorry, I forgot to note the red horizontal line on the chart with text Buy/Sell on it.
I assumed that as candle has broken out of Cloud and hence we got the signal now hence was ready for Kumo breakout.
Your trades were taken inside Cloud .
Few doubts ? appreciate if your views on it -
1) btw, as I understand, that is high risk tradezone (inside clouds), so why jump on them
2) why are they counter-trend cause in both the charts, I see 4 out of 5 lines aligned in below/above the direction of the trend. Onle line that is not aligned is other edge of Cloud.
Maybe I am missing something with my limited knowledge of trading these lines.
Happy Trading
I assumed that as candle has broken out of Cloud and hence we got the signal now hence was ready for Kumo breakout.
Your trades were taken inside Cloud .
Few doubts ? appreciate if your views on it -
1) btw, as I understand, that is high risk tradezone (inside clouds), so why jump on them
2) why are they counter-trend cause in both the charts, I see 4 out of 5 lines aligned in below/above the direction of the trend. Onle line that is not aligned is other edge of Cloud.
Maybe I am missing something with my limited knowledge of trading these lines.
Happy Trading
2) They are counter trend because they are against Daily charts.