ichimoku_trader

Check out STO today! There is... potential here. Ichimoku Cloud bull breakout... moving average set-up... looks like a continuation but be careful. 18.26 heavy pm vol.. 18.36 heavy premarket vol.. 18.39 heavy premarket vol

Took an aggressive sell position on the EURAUD. Now a fresh signal is going to form on the ichimoku. It still has a potential of 200 pips i think.

Looking at this chart we try to understand market structure based off waves and fractals. Ichimoku signs show bearishness no doubt about it. However, at level B a pullback came up based on an overextended market as it was quite far away from Kijun. The big move we were expecting was back to the downside, so previous daily candle show a nice rejection in fractal ...

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 ...

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 ...

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 ...

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 ...

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.

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. ...

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 ...

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 ...

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 - ...

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 ...

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 - ...

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 ...

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 ...

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 ...

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.