I am using the corrected Ichimoku indicator in my MT4. According to my corrected Ichimoku indicator, we just had a bullish TK cross. Daily and H4 Charts: Strong bullish bias Buy conditions: 1) Price > Kumo 2) Bullish TK cross 3) Price > 200 EMA which slopes upwards 4) Chikou span > price and kumo 5) Additional confirmation from Stochastic and MACD gold cross
The chart shown on TV is different from mine because I am using a different Ichimoku indicator. The Ichimoku indicator that we have in TV and MT4/5 has a slightly different displacement from mine. It is actually 1 period ahead of mine and therefore, the Ichimoku indicator that we have are actually inaccurate. On my chart (M30), TK cross at the exact candle that I...
Daily chart and H4 Chart: Bullish momentum Buy conditions: 1) Kumo breakout. 2) Price > 200 EMA 3) The kumo breakout took place 4 candles ago. Unfortunately, there wasn't any bullish TK cross and so the trade wasn't taken then. In the next candle, we will see the bullish TK cross. However, I am taking the long trade now as the Chikou span has just crossed the...
Daily Chart: Bullish Kijun cross H4 Chart: All Ichimoku signs are bullish We can enter a long trade based on the closing price of the previous daily candle that crossed the Kijun. However, if we had missed it, M30 provides another entry opportunity. M30: Tenkan bounce Buy conditions: 1) A bullish hammer is sitting on Tenkan sen. 2) Price has bounced off the...
Daily Chart and H4 Chart: Strong bullish momentum. For this week alone, JPY pairs are extremely weak. M30: Re-entry signal Buy condition: 1) Price > Kumo 2) Bullish TK cross 3) Chikou span above price (not a must) 4) Price > 200 EMA and it is pointing upwards
Daily Chart: Bearish H4 Chart: Bearish H1 Chart: Looking for re-entry opportunities to add on to winning positions. 1) Price broke through the most recent fractal. 2) Tenkan, Kijun, Senkou Span A and B are all pointing downward. 3) SL at the most recent fractal. 4) Exit based on your trading strategies - Kijun break, bullish Tenkan-Kijun cross, or trailing SL...
Daily Chart: Bullish H4 Chart: Bullish H1 Chart: Looking for re-entry opportunities. 1) Fractal breakout on H1 and H4 2) Tenkan-Kijun cross 3) SL at the recent fractal 4) Exit when price crosses Kijun, bearish Tenkan-Kijun cross or hits trailing SL.
Today, we are going to look carefully at the price action seen on the hourly chart which is showing that the BTCUSD has briefly reached the important psychological resistance level of 60'000. More important is to analyse the recent and current price action !!! Indeed, the top of the ongoing uptrend channel has once again been briefly broken on the upside,...
Daily Chart: Price is touching the 200 EMA and thus, it is encountering resistance now. This is a re-entry signal on M30. Buy conditions: 1) Bullish spinning top sitting on the Kijun. 2) All Ichimoku signs are bullish. Although some may argue that the entry could have been taken a few candles ago instead of now, my reply is that Chikou span wasn't free back...
Buy conditions: 1) Kumo breakout 2) Bullish TK cross 3) Price > 200 EMA which is pointing upwards 4) Chikou span crosses price and Kijun (not a must but good to have).
Buy condition: 1) Price > Kumo 2) Bullish TK cross 3) Price > 200 EMA 4) SL is set at Senkou span B and it will be used as a trailing SL. A better entry took place a few candlesticks ago on M30, unfortunately I was still asleep. Thus, I had to take my order on H1.
This is a day trading strategy technique. Sell conditions: 1) Bearish kumo breakout + Bearish TKX (a bearish future kumo/ chikou < price are not required) 2) Price < 200 EMA 3) Check for good R:R 4) SL at Senkou span B. 5) TP at nearest support. 6) Trail SL using Senkou span B. 7) Consider exiting the position if we see a bullish TKX.
Daily and H4 Charts: Very strong bullish momentum and for this week alone, the JPY is extremely weak. Buy conditions: 1) Bullish hammer sits on the Kijun, with H1 showing all the Ichimoku bullish signs. 2) Price > 200 EMA 3) This is a strategy for re-entry. 4) SL is set at Senkou span B. 5) Since the bullish momentum is very strong, I won't set a fixed profit...
Buy condition: 1) Bullish hammer sits on Kijun 2) Bullish TK Cross 3) Point 1 and 2 = ideal price to enter trade 4) SL is set at Senkou span B 5) I will trailing my SL using Senkou span B 6) Target price = Daily Kijun
Daily Chart: Bullish H4 Chart: Bullish H1 Chart: Price is ranging as depicted by the yellow box. Bullish Tenkan-Kijun cross but both are flat. Even the Senkou Span A and B are both flat. However, 1) Chikou span breaks out of the range 2) Chikou span > Price 3) SL is placed at the lows of the yellow box or fractal levels.
Daily Chart: Bearish H4 Chart: Bearish H1 Chart: Re-entry 1) Fractal breakout. 2) SL at the most recent fractal. 3) Trailing SL based on several strategies e.g. fractals, ATR, Kijun break, Tenkan-Kijun cross.
Daily Chart: Bearish H4 Chart: Bearish H1: Re-entry opportunity 1) Tenkan, Kijun, Senkou span A and B are all pointing downward, with Tenkan and Kijun showing separation. 2) Chikou just broke the price level (support level), < Price 3) Stop loss at recent swing high 4) Exit plan = bullish TKX, price> Kijun, hits trailing SL based on ATR. It is unclear if it...
Daily Chart: Bearish H4 Chart: Bearish H1 Chart: Re-entry opportunity 1) Tenkan, Kijun, Senkou span A and B are all pointing downward, with Tenkan and Kijun showing some separation. 2) Chikou span is 'open'. 3) In 1 hr's time, if the price closes as it is now, it will constitute a fractal break on H4. 4) SL at recent fractal level. 5) Trailing SL based on ATR or...