EUR/USD Death Spiral to Continue? Ichimoku - Short Trade SetupThe US dollar continued its rampage last week as this pair slid even lower. I am looking for this trend to continue over the following weeks, but I want to see support broken to get short. We've bounced twice at this level so I really want to see it clearly broken to enter my short. I've drawn out some possible take profit levels I'll be aiming for if I do enter. This trade setup may become invalidated if our bearish confirmation end.
This trade idea may seem a little risky to most but I carry a different philosophy than a lot of the traders out there. Many trader at this point would be looking for this pair to reverse, where as I am looking for it to continue. Statistically when a trend is confirmed and in motion (a longer term trend anyway), it is more likely to continue than to end. Therefore I continue to look for entries until there's a confirmed reversal. You'll see this sentiment carried out across the vast majority of trades.
Ichimokuchart
Battle of Island Nations - Ichimoku AUD/NZD Trade IdeaThis pair has been on a nice bullish breakout over the past week and a half. I am looking for a wick to test support at kijun for another bullish entry. As well as price has been respecting kijun, I'll be placing a stop just below it which should give a great risk to reward on this trade. I am targeting our previous high of 1.0727 as my take profit. As with the previous trades I will close partial there and let the rest run, adjusting my stop loss periodically. If our bullish confirmations change to bearish or support doesn't hold at kijun sen, this setup may become invalidated.
Swiss Cheese and Profit - Ichimoku USD/CHF Long Trade IdeaThis pair has been in a longer term bullish run now and has held strong tenken sen support. I am looking to get another long entry here off a tenken sen bounce trade. I'm setting my stop around kijun since we are yet to fall to it for support. I am tarting our previous high of .9921, but I will close partial there and let the rest run, while adjusting the stop loss as it rises. If we fail to hold support or our bullish signs change to bearish, this trade may become invalidated.
A Running of the Bears in Europe? Ichimoku EUR/USD Short IdeaEur/USD has been in a strong bearish trend for week or so now, and we have risen up to test tenken sen. I am looking for a bearish trend continuation sell entry. Ideally we would be rejected here at tenken or kijun which would give us a sell opportunity. For this trade I am targeting our previous low of 1.2060. If we reach it, I will close partial and let the remaining portion run , adjusting my stop loss periodically. If we don't see a rejection or our bearish confirmations change to bullish, this trade may become invalidated.
Kiwi to sour? Ichimoku - Short trade idea for NZD/USDThis pair got a strong move to the downside last week and I am looking for a drawback so I can get back into that trend. I would like to see a drawback to around the .7245 level and see it hold so I can enter my sell. If that happens I'll enter, and I'll target the previous low of .7157 If any of our bearish signs change, this trade may become invalidated.
Bitcoin. Last chance for bearsIn my last post I talked about the final fight take place in the 4 hours candle at exactly 2018-04-20 20:00 UGT time, and the importance of that candle. Finally it happened that the bulls took control over the situation and left bears and shorters burned. Well we got a beautiful $8940 and just now the price has broken it to 9010 without any fomo at all. There is a couple of important facts to consider of why the volume looks terrible and why the price is not making $100 up per minute:
1. The price has broken the kumo (cloud) in the thinest part. A thin kumo means no volume, easy to break and even more easy to reverse the price below it.
2. Right to the end of the green kumo (possible reverse trend) there is a beautiful shaped bear kumo with a considerable downtrend. In my opinion the price wont ignore it.
We just have made a new high at 9010 and back to 8950. Have you seen the price going back any time that a new high has been broken? You don´t often see it, here is different. When the price breaks a nice fat kumo in a daily or 4 hours chart, the price rapidly moon, like LTC breaking the kumo in the 4 hours chart.
Right now we just breakout from the biggest downtrend line, and we supposed to have heavy volatility, even more now because we have broken the 1 day chart kumo, which should be a very bullish sign to enter the market, but there is no new money entering, weird isn´t it? Also the 4 hour chart is showing a big hole in supports, which suggest a good price retracement, and together with the other aspects that I explained, brings an idea that we could see a very cool price reversal starting in 1-2 days.
However, this is not an exact science so things could change suddenly before you noticed. The price is facing the last high at 9165, which will be tough to break it, but if we do it and price reaches levels around 9250, I will abandon any bear idea so far and I´ll heavy load my long positions.
Here is another screenshot of how the 4 hour chart looks in ichimoku. In fact, my take is that the price will start going down in no more than 8 hours, let´s see!
Trade safe folks!
GBP/JPY - Profit fatter than Rossie O'Donnell? Time will tellAs the Pound rampage has continued we've been on a nice bullish run with this pair. We've dropped down to test kijun sen once, otherwise this pair has been strong to the upside. I am looking for another bullish entry on a drawback to tenken sen, with a stop loss set just below kijun sen. I am targeting our previous high as my first TP, where I will close partial position. From there I will let the rest run, adjusting my stop loss periodically. If tenken and kijun fail to hold support, or our bullish signs change, this setup may become invalidated.
GBP/CHF - Will the GBP Rampage continue? Ichimoku thinks so....This Swiss Franc has been dealing with some economic weakness lately, and the Pound has been on a bit of a rampage.I am looking for a buy into into a trend continuation with this pair. I want to keep a tight stop loss so I'll be setting it just below kijuns sen which has been respected this entire bullish run. I'm going to target just beyond our previous high for my first TP level. If we hit it, I will close partial position, and let the rest run, adjusting my stop loss periodically. If our bullish signs change, this setup may become invalidated.
EUR/JPY Long - Ichimoku Trade SetupThe Euro has been on a nice bullish run here making higher highs and higher lows. I am looking for a drawback to kijun sen, similar to the last higher lower, to look for a buy entry. My first TP will be our previous high where I'll close partial position. I will then let the rest run, adjusting the stop poss periodically. If our bulllish confirmations change to bearish, or kijun support doesn't hold, this trade may become invalidated.
NCASH/BTC Binance 10.04.2018Waiting for uptrend confirmation. Ichi indicaor is bullish: TK cross is bullish, price is above Tenkan sen, Kumo cloud and Kijun Sen.
NZD/USD - Ichimoku Long Trade IdeaAfter some weakness the kiwi has started to find its feet again. I am looking for a kumo breakout and kumo twist as confirmation of a buy entry. If we can get those confirmations, I'll look to enter at the kumo breakout targeting our the previous waves high of .7347 If we never get those last two bullish confirmations , this trade setups may become invalidated.
Trade War Gold - Ichimoku Trade IdeaWith all the economic news and trade wars starting to ensue, uncertainty tends to come with it. In times of uncertainty investors tend to turn to gold, and this has been no exception with the massive spike in gold we had last week. I am looking to hop in this trend on a drawback and feed off the trade war volatility. I am looking for a drawback to the 1337 level to enter a long position, targeting our previous highs of 1360 as a swing trading target. If we fall down through support or any of our bullish signs change, this trade may become invalidated.
EUR/NZD - Ichimoku Long Trade IdeaThis pair has been on my radar since the initial breakout. I am looking to enter a second position once we get a drawback to support. I am looking for price to fall a little and to be met by tenken sen to look for my buy entry and confirmation. I am still targeting our previous high as my TP, but I will probably only close partial position there and let the rest roll with an adjusted stop loss as long as the trend holds. Keep in mind there is a lot of news this week that could invalidate this trade this week, expect high volatility, and always be sure to protect your capital first, before worrying about growing it.
EUR/CHF Breakout Trade IdeaThis setup is very similar to our last EUR/CHF trade we entered below. I am trading the consolidation zone here. What I'm looking for is a breakout of the zone in either direction to enter a trade. This consolidation makes sense with all the upcoming news we will see this week. A push outside of this zone should hold and I'll look to enter whatever direction price takes. I don't have particular TP's in mind, instead I'll just adjust my stop loss as this pair moves.
WTI OIL - Ichimoku Long Trade IdeaIf you've followed me for an period of time you'll know I've been bullish on oil since it hit $25 a barrel. With the US exporting oil now, and OPEC limiting supply I am anticipating oil to rise long term to around the $80 level. In this instance we are lined up with technicals as well as our kumo twist completes to a bullish cloud. This will be a long temr swing for me as I target previous highs.
WTI- US OIL Long Ichimoku Trade IdeaI've been bullish long term with oil for a while now. I am looking for a strong brekout to help get oil back to previous highs. This is a little bit more of a swing trade as it may require holding for a few weeks. The technical also line up with the fundamentals from a supply and demand perspective. As long as the fundamentals remain the same and they don't decide to flood the market, this trade should hold up long term.
EUR/CHF Long Ichimoku Trade IdeaThis pair has risen above the cloud but we've gotten away from tenekn and kijun which have flattened. I am looking for a buy opportunity, but I want to see a draw back first with price holding at the flat part or the cloud. As long as that happens and we get the bullish kumo twist we need for confirmation I'll enter a buy position. If we fail to hold support or we don't get the final bullish confirmations I'm looking for, this trade may become invalidated.
GBP/USD Long Ichimoku Trade IdeaThe USD's strength finally started to wane at the end of last week. We've risen back up into the cloud here and I am looking for a potential buy if we get a bullish kumo breakout with confirmations. I am still waiting for the kumo twist to complete which will serve as a major confirmation for me. I've drawn out some potential targets with blue lines should the trend hold. If we fail to breakout or our confirmations change, this trade could be invalidated.
GBP/NZD Ichimoku Trade IdeaThis pair has worked its way back up to the cloud where I am looking for a rejection with confirmation to enter a sell, targeting our previous low. As long as we see a rejections and our signs stay bearish, I will look to enter. If our signs change to bullish then this trade may become invalidated.
EUR/CHF Consolidation Range Trade Ideaf you're in the mentorship group, we caught this trade at the way up and grabbed some profit already. If you look left you'll notice that we're stuck in a consolidation zone where we've been bouncing back and forth. This is a little different than my main Ichimoku strategy but I am looking for the bouncing to continue with a tight stop. My goal is catch the bounce down to the highest lower bounce we've gotten in the past. Please be aware news may change this, but we have a tight stop so I'm good with entering this sell an looking to grab the pips and get out of this one.
USD/CHF Bearish Ichimoku Trade IdeaThis pair has failed to rise back above kijun sen, so I am looking for a continued bearish move downward. This would also play in the the fundamentals of the dollar losing some strength as these interest rates continue to rise. I'm looking to enter here on a dip downward with a nice risk to reward ratio. I will probably close partial if we hit this TP and let the rest run.
WTI Oil Ichimoku Long IdeaFor those of you who have been following me for a while or have been in my free trade room for any period of time, you'll probably know how much I love trading oil. I live in West Texas near the largest oil plays in North America so I have a pretty good pulse with what is happening in that arena. I've been bullish on oil since $25 and even stronger bullish after $40+. I will continue to look for opportunities to buy as oil supply remains limited. We did just have a kumo breakout here and the kumo twist is in the middle of happening. I'm looking to hold a long term swing back up to the $64+ range. I believe based on fundamentals that oil will hit $80+ before the end of 2018. I'll continue to watch and take entries like this one, to hold long term.
USD/CAD Long Ichimoku Trade IdeaWe had a nice bullish breakout last week and with the fall in the price of oil, I am looking for this bullish trend to continue. We've fallen down to just shy of kijun sen. I am looking for this pair to find support there and buy on a rejection, looking to climb to previous highs. If kijun sen does not hold as support then this trade may be invalidated.