The808Trader

The808Trader

This pair saw a bullish rise last week before finally falling back into the cloud. We are now showing some bearish signs with the bearish TK cross we've had. The kumo cloud is thinning now and is setting up to complete a kumo twist. I am watching for the twist to complete and a bearish kumo breakout to act as confirmations to enter a sell posistion. I've placed my...

The808Trader

Looking at the larger time frame for this one, we are in the cloud and should some moderate bearish signs. That being said we have this bullish breakout and the 4 hour and I'm looking for support to hold for a chance to get long. It's unclear to me yet that if we do get the bullish move up whether it would be holding here at tenekn sen (I have doubts on this since...

The808Trader

This pair has broken out on the 4 hour here but is still bearish on the daily time frame. The way this is moving right now I am considering that we may have an early reversal possibility here. I would like price to fall one last time and hold support to consider entering a long which is why I've drawn my entry down at the cloud. If it is a reversal then we may...

The808Trader

We've been watching this pair for a while and I commented that the 4 hour breakout hadn't convinced me we were in a true breakout yet, and that more than likely it was actually a fake breakout. This has turned out to be the case so far. Since we are still holding bearish sentiment on the daily I am looking for a slight rise to test kijun sen, Once/If we see a...

The808Trader

For this pair i'm looking to get in and out of a small run, with the option to expand my take profit levels if this pair pushes higher and holds. Until a move like that happens and is proven, I'll look to get in and out of the market. I'm looking to enter on a breakout of the 1.2698 level. I'm keeping my stop loss pretty short if I enter so keep a good risk to...

The808Trader

We're back down to the 1 hour time frame here for this setup. I called out the move up with the bullish tk cross and chikou span bullish movement on the 4 hour chart for those of you in the membership trade room. I'm looking for a drop and support to hold before entering at the 1.1413 level. My longer term target is 1.1532 but I've drawn out a first take profit...

The808Trader

This pair has been stuck in a larger consolidation zone so I'm looking to enter a small trade to play within the zone. This is a much smaller potential pip gain than I normally go for, but I think it's a pretty simple smash and grab type trade with good risk to reward. I will probably take buys and sells and play the zone for as long as it maintains it. If we have...

The808Trader

If you're part of my private membership you know that silver has been on my watch list for awhile now. Silver as really flattened out here as we've been stuck in this consolidation zone for a while now. I am expecting a push higher sometime over the next week or so. I'm looking for a kumo breakout with a kumo twist and chikou span to get above price to help...

The808Trader

We had a big push upwards and I am looking to hop in this trend. In order to get a good entry I am hoping for a drop at the beginning week back down to support so I can look for the entry I have on the chart. The support level may stall out even a little above that but I will be looking for it none the less. If we stall out and I get a good entry I've drawn out a...

The808Trader

Good Swiss news played a major part in stalling out the USD rise with this pair and I am expecting that to come to an end, barring bad USD news. So, I am looking for a chance to get long and head back up to the previous structure highs you can see on the left side of the chart. Once we can break and close above the .9962 level to enter  a long position. I've drawn...

The808Trader

Another bearish setups, it can't be ! It is indeed! With the market widely expecting the BoJ to adjust monetary policy last week, they abstained and shocked the market a bit. We got a nice rejection at the cloud and price has been heading down since. I've drawn out a few possible Take Profit levels on our way down. This is another setup that will be more of a...

The808Trader

Aussie looks to be strengthening and at the same time if you've read much of my analysis, I believe the next year or so we'll see a predominantly weaker Euro. We had a big breakout last week and I am looking to enter a longer term swing trade on the next push down. I've drawn out several take profit levels to aim for. This trade may take a few weeks to play out....

The808Trader

We've been in a strong bearish trend with this pair. NFP caused a brief drawback right to tenken sen where we saw a textbook rejection. All current confirmations are bearish, so I'm looking to take advantage of the next movement. I've drawn out a few partial take profit levels along the way. This trade setup has a 1.5 Risk to Reward Ratio, so while it's not as...

The808Trader

This pair has been in a strong bearish run I'm looking to hop into this establish trend. We tested tenken sen and saw a rejection and I'm looking for a chance to enter a sell to go lower. I've drawn out a few Take Profit levels on the way to my long term target of 1.5070    If we can break below the previous structure low we, we should see the big drop I am...

The808Trader

This pair has been in a nice bearish trend for a while, it's still forming lower lows and lower highs.  Our major bearish signs are still there and I'm looking to hop in a trend continuation to the downside. I'm just looking for a move lower to enter my short bias trade. I've drawn out a few potential Take Profit levels on the way to my long term target of ...

The808Trader

Coming up this week we have the Bank of England Rate decision. It's pretty much set that they will raise rates and I believe this has already been priced in to the market already. Instead of playing on GBP  strength based off the news I'll be looking for a drop shortly after the news hits. I'm waiting for a drop below the cloud to enter a short position. I've...

The808Trader

With all the news last week the EUR got a nice push up and out of the cloud. We are now hovering just above the flat kumo. We are yet to complete the kumo twist and chikou span is still sitting below price. This leads me to believe we may drop and test the flat kumo before trying to push up and out, or even drop and consolidate a little bit here. With the trade...

The808Trader

With the chaos from last week we saw this pair sink below a flat kumo and complete the early stages of a kumo twist. I am biased towards a sell but for this setup I want to see a breakout of the level I am watching. An alternative entry would be a drawback to the flat kumo and rejection to enter a sell. Depending on how the market moves after open will determine...