Here I am trading what I thought was a good kumo breakout strategy. I opened the trade in the previous candle because it opened above the cloud. What I should have done is probably let it close above the cloud higher. Instead I got a red candle, which tells me it's heading back to the cloud.
In a place I am learning from, the teacher also took this trade but added this:
[took trade at] top of Kumo but I am using Kijun as SL and will jump to Tenkan once market retraces and moves again
My stop was the ATR/2. I suppose he would still be in the trade but at a negative position at this point. The question is: do you want to be in the trade all the pips down it goes? Or do you want to reenter without pips loss? I do not know if I would re-enter the trade while the price is in the cloud.
Update: The KBO did occur, however I did not catch it. I should have reentered but hindsight is 20/20

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