ichimoku_trader

GoldBands GoldBands PRO NGJ2017, D, Long , 22 days ago
NGJ2017: Natural Gas Closed Above 6 and 8 Day Moving Averages
43 0 5
NGJ2017, D Long
Natural Gas Closed Above 6 and 8 Day Moving Averages

Natural Gas closed above the 6 and 8 day moving averages. Today's green Heikin-Ashi was the second in a row. This could be the start of a move back up.

GoldBands GoldBands PRO GCJ2017, D, Short , 10 days ago
GCJ2017: Gold Moves Sideways in Light Trading
11 0 4
GCJ2017, D Short
Gold Moves Sideways in Light Trading

As the Fed meeting is scheduled for this coming Wednesday, trading was very light today for the precious metal. Price hovered just above the 1200 mark after hitting a high of 1210.9. That price level coincided with the 6 day moving average as well as the 21 weekly moving average. You can see those levels on the chart as the purple cross and gold dot respectively. ...

GoldBands GoldBands PRO GCJ2017, D, Long , 7 days ago
GCJ2017: Gold Closes Higher in Wake of Fed Rate Hike
17 0 3
GCJ2017, D Long
Gold Closes Higher in Wake of Fed Rate Hike

Gold closed 6.6 points higher in the first full day of trading after the Fed announced a new interest rate hike. Price closed above many of the moving averages, including the 6, 8 50 and 100. It also closed above the 21 week moving average. In addition, as I called out yesterday, price did tag the 21 day moving average as was expected after the close above the 6 ...

GoldBands GoldBands PRO GCJ2017, D, Long , 8 days ago
GCJ2017: Fed Raises Rates and Gold Rises in Turn
10 0 0
GCJ2017, D Long
Fed Raises Rates and Gold Rises in Turn

The Fed today announced an increase in the Fed rate. This was not a surprise. What was surprising is the Gold rally that followed. In fact, Gold blasted through all resistance levels, including the 6 and 8 day moving averages, the 50 day moving average and the 21 weekly moving average. The Heikin-Ashi chart also shows a dramatic change of direction (see ...

GoldBands GoldBands PRO NGJ2017, D, 9 days ago
NGJ2017: Natural Gas Closed Under the 6 Day Moving Average
15 0 3
NGJ2017, D
Natural Gas Closed Under the 6 Day Moving Average

Natural Gas fell today in trading to end the day under the 6 day moving average. This could be the first sign that the bull move over the last 2 weeks is over. With price closing right at the 8 day moving average and the top of the Ichimoku Cloud, we also had the first red Heikin-Ashi candle in 9 days. My strategy calls for waiting for a close under the 8 day ...

GoldBands GoldBands PRO GCJ2017, D, Short , 9 days ago
GCJ2017: Gold moves sideways in Prelude to Fed Meeting
19 0 2
GCJ2017, D Short
Gold moves sideways in Prelude to Fed Meeting

As the United States and the rest of the world wait to hear if the Fed will raise interest rates tomorrow at 2:00 pm EST, Gold continued moving sideways right at the 1200 price level. Price did remain under the 6 day moving average and under all other significant moving averages as I have been pointing out this last week. In addition, we have now finished our 10th ...

GoldBands GoldBands PRO NGJ2017, D, Long , 10 days ago
NGJ2017: Natural Gas Continues Moving Up
34 0 4
NGJ2017, D Long
Natural Gas Continues Moving Up

Natural Gas continued its bull move up, closing above the Ichimoku Cloud. There is resistance above with the 50 day moving average and the 21 weekly moving average at 3.11 and 3.15 respectively.

GoldBands GoldBands PRO GCJ2017, D, 14 days ago
GCJ2017: Gold Keeps Falling, Breaks Below 1200
28 0 3
GCJ2017, D
Gold Keeps Falling, Breaks Below 1200

Gold slowly consolidated today after selling off 5 points at the start of the overnight session. Then at the end of the day, price fell through the magical 1200 level (magical only because it's a nice round number :-) ). We now await the non-farm payroll numbers tomorrow at 8:30 am EST. If the ADP numbers yesterday are an indication, this number may beat the 200k ...

GoldBands GoldBands PRO NGJ2017, D, 15 days ago
NGJ2017: Natural Gas Closes at the 21 Day Moving Average
22 0 2
NGJ2017, D
Natural Gas Closes at the 21 Day Moving Average

Natural Gas moved up today, completing the closing of the Gap from Sunday night. Trading right at the 21 day moving average, there are mixed technical signals of its next move. Green on the Heikin-Ashi and a rising Stochastics are bullish but trading at the top of the 4 day range and in the middle of the Ichimoku cloud are Neutral at best. Also, the weekly chart ...

GoldBands GoldBands PRO GCJ2017, D, 15 days ago
GCJ2017: Support Levels Fail to Contain Gold's Decline
14 0 2
GCJ2017, D
Support Levels Fail to Contain Gold's Decline

Gold closed the day at 1208.1, down 7.5 points. As I called out in last night's post, there were 4 levels of support today that could have stopped Gold's decline. However, as a continued sign that the bear move is well underway, none of those levels held. To remind you, those levels were: Gold Support Levels Lower Bollinger Band - 1214.70 21 Week Moving Average - ...

GoldBands GoldBands PRO NGJ2017, D, 16 days ago
NGJ2017: Natural Gas Moves Sideways Underneath the Cloud
18 0 2
NGJ2017, D
Natural Gas Moves Sideways Underneath the Cloud

Natural Gas rose slightly today, gaining just .012 points. The Heikin-Ashi turned from green to red and there are now 2 decreasingly smaller Heikin Ashi doji candles. Price has now touched the 6 day moving average 2 days in a row. I am still flat but looking to enter a short position if price does close below the 6 day moving average. Disclaimer: This post is ...

GoldBands GoldBands PRO GCJ2017, D, 16 days ago
GCJ2017: Gold Continues Moving Lower and Peaks through Bottom of Cloud
14 0 2
GCJ2017, D
Gold Continues Moving Lower and Peaks through Bottom of Cloud

Gold closed down 9.8 points today and poked through the bottom of the Ichimoku cloud. There is a lot of support at this level though so we need to see if price will hold here or will the bear move continue. Of note is that Wednesday opens with the 6th consecutive day of red Heikin-Ashi candles. Support Levels Lower Bollinger Band - 1214.70 50 Day Moving Average - ...

GoldBands GoldBands PRO GCJ2017, D, Short , 17 days ago
GCJ2017: Gold Descends Through the Cloud
13 0 2
GCJ2017, D Short
Gold Descends Through the Cloud

Gold sold off today, shedding 8.5 points to close at 1225.5. As Gold moves through the cloud, note that at the bottom is a confluence of the 50 Day moving average, the Weekly 21 period moving average (gold dots) and the lower Bollinger Band. January 27 was the last time that Gold met the 50 day moving average and that bounce led to the year's high. Let's see what ...

GoldBands GoldBands PRO GCJ2017, D, Short , 18 days ago
GCJ2017: Gold Closes Below Moving Averages
21 0 4
GCJ2017, D Short
Gold Closes Below Moving Averages

On Friday, Gold closed below the 6, 8 and 21 day moving averages to descend into the Ichimolu cloud for the first time since the end of January. The support at 1222 held up but the buying was not strong enough to force price back above the 21 day moving average. The close below the 8 day moving average the day before generated a Sell signal in my strategy and I ...

CaperAsh CaperAsh PRO ES1!, 15, 20 days ago
ES1!: Ichimoku Paintbar
37 0 2
ES1!, 15
Ichimoku Paintbar

I very much like the Ichimoku approach but don't like all the lines on the chart so usually only use the Clouds. Here is one way to keep track of one aspect of the Ichi method without the chart clutter, namely these paint bars calculated as follows: The 9 bar donchian > 26 bar donchian = up color; The 9 bar donchian < 26 bar donchian = down color; The 9 bar ...

GoldBands GoldBands PRO NGJ2017, D, Long , 21 days ago
NGJ2017: Natural Gas Continues Upward Move
48 0 4
NGJ2017, D Long
Natural Gas Continues Upward Move

Natural Gas rose today, definitively moving above the 6 and 8 day moving averages. I am long and expecting price to move up towards that 21 day moving average. Coincidentally, notice how the 21 day MA is right now at the edge of the Ichimoku cloud.

GoldBands GoldBands PRO GCJ2017, D, Short , 21 days ago
GCJ2017: The End of the Gold Rally
24 0 3
GCJ2017, D Short
The End of the Gold Rally

Gold sold off sharply today, dropping 15.5 points and closing under all 3 moving averages on the chart, the 6 day, the 8 day and the 21 day moving averages. Gold now seems determined to head south. The first target should now be the lower red bollinger band. Chart update: now that the bull run is over, I've removed the intermediate and short term waves from the ...

GoldBands GoldBands PRO GCJ2017, D, Long , 22 days ago
GCJ2017: Gold Falls and then Rallies Off the 21 Day Moving Average
20 0 5
GCJ2017, D Long
Gold Falls and then Rallies Off the 21 Day Moving Average

Gold sold off in the overnight session to tag the 21 day moving average. The precious metal then reversed as the New York markets opened up and rallied to close between the 6 and 8 day moving averages. On the whole, gold rose a modest 1.5 points today. Today's doji shows that once again gold seems to be in a holding pattern and moving sideways. Although since this ...

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