Futures/Index/Ichimoku: S&P Mini-Futures/SPY: 6-1-07: Trade Entered

Yesterday, our trade got triggered. This morning we have some profit. However, we still have not closed above our entry point at all. This is of major concern. The Kijun Sen is indicating that we are in a consolidating period. Typically, once our entry is triggered, the Kijun Sen is looking healthy and not in a consolidating period. This has not happened.
For the conservative trader, I would recommend to take the profit and look for another entry once we have closed above Entry1. This would be a safe approach. You do not want to be caught in a pull back.
For the agressive trader, wait and see what happens today. If we close above our Entry, we should be in good shape. If not, we have to determine what we will do.
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About the Author Manesh Patel