The808Trader

The808Trader

After a big move up, the Yen made some major gains over the last week as this pair has plummeted. We are now down and through the kumo, and close to a bearish kumo twist. In order to get a sell opportunity here, I want to see a drawback to just shy of the kumo and a good rejection candle to enter a sell. If we can get that, I'll enter and aim for the partial take...

The808Trader

After a long down trend, the pound finally found some footing. We are entering the kumo and I am watching for the possibility of a new bullish trend to form as the GBP tries to claw it's way back. As the week progresses I'll be watching for a bullish kumo breakout and completion of the kumo twist to bullish to help confirm it's time for an entry. I've set my entry...

The808Trader

After moving up above the kumo after a long trend, it's time to see if this trend can be tested and hold. I am looking for a test of tenken sen to hold to look to enter a long position. If we drop down and form a good support candle or get a positive interaction price structure wise, then I'll look to enter my long position. There are a couple alternative ways to...

The808Trader

It's been a while but the Euro finally found some footing against the dollar last week as more trade war rumors swirled. Since we are moving in an established trend I am looking for that trend to continue, but I want to see a drawback first. This is NOT an order I will set as a buy limit, I will watch and wait for a drawback and make sure there is a good support...

The808Trader

The Pound has fallen drastically with all of the Brexit drama unfolding. As May steps down as Prime Minister there will likely be more uncertainty ahead as a deal or referendum waits to be hashed out. I am looking for a rejection here at kijun sen for another chance to sell as we look to take advantage of this goliath bearish trend. If we find that good rejection...

The808Trader

This pair has finally found some support before entering into the current consolidation zone price has been stuck in. I am looking for a break and close above the recent price structure resistance we've seen for a chance to get long. Some of this movement may be volatility based with the US news and tariff war going, so we may get a push pretty fast depending on...

The808Trader

This is the same setup as last week as we continue to watch this develop. We have formed a new higher lower but I still want to see that break of price structure resistance before I open a long position. There may be some volatility this week as more Trade War rhetoric is hashed out by the Trump administration. It may give us the push this setup needs to get a...

The808Trader

Gold has been finding some support and forming lower highs. As we progress into this upcoming next few weeks I am looking a bullish kumo breakout combined with a bullish kumo twist for a chance to get long. I've drawn out some target I'll aim for along the way should it progress the way I'm looking. We may get another push down to test tenken sen before the...

The808Trader

This pair has been on a bearish for a long time and but it has finally made a move up and into the kumo. I am watching for what will probably be another drop and test of support then we can look for a kumo breakout. I am also waiting for the kumo twist to complete as a further sign that the kiwi may finally start to try and claw it's way back from these fresh...

The808Trader

I am going to keep this setup from last week, so if it looks familiar, it should! We've already hit our first partial take profit level and I am still keeping my bearish bias looking for more chances to get short. We can do that by waiting for a drawback for better sell near our original entry, or a break down lower below price structure. We have plenty of room to...

The808Trader

For this pair we've gotten some mixed signals but overall it is trying to head back to bullish. This setup is going to take some time to validate so it's more of a futurecast vs something we can try to hop in right away. I need a couple more confirmations to help confirm this bullish bias include a bullish kumo twist and a bullish kumo breakout. We're still a...

The808Trader

Our Bias has shifted to looking for bearish entries as this pair continues to decline. I am looking for a drawback entry and rejection at tenken sen to look for my short entry, but as an alternative we can also trade a break below current price structure. I've also drawn out some partial take profit levels along the way to aim for, should I find a good entry in...

The808Trader

This pair has been trending pretty strongly in a bearish fashion and I am looking for some entry to get into a trend continuation move. I've sen this entry at a break of current price structure lows, but an alternative entry that would give us an even better risk to reward would be a drawback to and rejection at tenken sen or kijun sen. Either of those entries...

The808Trader

This is the same setup from a week ago, but I am continuing to look for more entries as we try to break down price structure support. I entered off the setup last week but I will be locking in some profit if we continue to fall and continue to take additional small positions if it progresses down. I would issue a word of caution as we approach fractal levels and...

The808Trader

We broke this pair down pretty well in the membership coaching call, so it may look a bit familiar if you were in the call. I am looking for a rise up near kijun sen and previous price structure to look for a sell opportunity. As an alternative, if we continue this bearish run right out of the gate at market open, we can look to sell at a break of price structure....

The808Trader

After being in a period of consolidation we're finally seeing an attempted move to the upside. I am looking for a slight drawback and support to hold for a chance to look for a long opportunity. As an alternative we can also wait for a break of our recent price structure high (which if you look left of price, you'll see we were rejected at previously as well). If...

The808Trader

Silver has been slowly but steadily falling over the past two months or so but we have finally gotten a bit of a kick up here. We are close to a bullish TK cross as well. I am looking for a drop to support for a buy entry. I've drawn out some partial take profit levels and a medium term take profit level to aim for. This analysis does conform with fundamentals...

The808Trader

We caught the beautiful drop a couple weeks ago and we're going to look for more bearish entries as long as the market shows us our bearish confirmations. I am looking for a nice rejection at kijun sen for a chance to sell. Ideally we would see that right away, but news may push price around and this may end up becoming more of a sell stop entry later in the week....