S&P500 (via E-mini futures) is still bearish on the 4H Ichimoku chart. There are three hurdles that it needs to pass before I will look for a long position: 1. Price action resistance at 4455 2. Resistance from the future Senko Span B at 4442 3. Price is still under the cloud I would look for long positions if it clears these three hurdles and we have a Kumo...
In my recent post I indicated that I am long USDJPY due to the higher timeframe bullish trend: A question that traders often ask is "how do I set a stop-loss when the market is moving up?". This applies if you are looking to enter your first trade in the trend, or if you want to trail a stop-loss on an existing order. The answer is simple when you use...
Wheat is in a long-term uptrend according to Ichimoku on the daily and weekly timeframe. However, in the short/medium term the price action is forming an N wave with time cycles of approx. 77 days between major highs and 45 days between major lows. We are currently seeing some resistance and retracement around the 800 level. I would theorise the N wave will move...