tradingformoney

tradingformoney

This is a self explanatory chart above for finding support and resistance to speculate areas where the market may gravitate towards. When the ichimoku cloud comes to mind, many assume the indicator is specifically for trend trading. Yes, it is true that it is for trend trading but it has several purposes outside of trend trading. It is a classic textbook...

tradingformoney

I have been on the sideline for about a month waiting for price to close above the 174.828 area on the gbp/jpy. Before i explain the chart, I want to point out that i drew the fib retracement on the weekly chart off of a swing low and drew it to the swing high of 174.828. The chart on the weekly showed that price hit the 50% fib but then closed on the 61.8% and...

tradingformoney

Here i used the fib ratio ( the combination of a fib extension with a fib retracement) in order to help spot future resistance and to find confluence with parts of the ichimoku.. There is a tk cross to the upside.

tradingformoney

Please note the chart is a daily The EUR/JPY gave a weak tk cross ( the tk cross was above the kumo) The market has been choppy which means the indicator right now is oscillating. But the markets current condition trend did print a lower low and a lower high. We are currently at a near term resistance level. Now, the 161.8 is on the daily chart above is lined...

tradingformoney

When i first started to look at this chart I was not very happy that i was spending time with it. However the more time I started to analyze the chart, I began to like some of the confluences of where price may go to. The 2.618 extension, lines up with a prior top of a w bottom. I just cant seem to find anything that points out from me seeing the market respecting...

tradingformoney

This chart is showing the 2 year T-note stuck in a range for over 3 years, The question is how much longer will it be stuck in a tiny consolidation range. This is certainly on my radar for some sort of movement in either direction for a trend.

tradingformoney

reasons to why i see a 10 dollar movement to the 1.618 extension to the downside of bed bath and beyond

tradingformoney

This chart can clearly point out from a position trading perspective of how I or you can use the cloud when there is a market sideways and that you or I can put a trading plan on no matter which direction the market intends to go. I know that trading can be over whelming for the beginners in trading, which is why I have simplified how to use the ichimoku for...

tradingformoney

On 5/19/2008 chevron put in a key swing high ( resistance level) at 104.63. Shortly after the swing high Chevron Sold off and found support. After the bounce of support the market got very choppy and on the close of the weekly candle stick of 10/18/2010. Price of the close of the candle stick was 84.55. Then market started to break out to reach the swing high of...

tradingformoney

The market is at a critical swing high from 6/9/14 On the daily the trend formed from a medium strong tk cross over, however the market continued to put in higher highs. after it broke out of the 190.36 price range On the Weekly chart the current tk cross over happened on the 8/6/2012 candle stick along with breaking out of the 141.99 range which happened with a...

tradingformoney

the ichikomku cloud has given a strong tk cross, i have labeled a target area where the market can find resistance. Also i have included the range of what the kiwi was in along with showing how long it was in the range, Look for the kiki to clime for the next day or two.

tradingformoney

BP was stuck in a tight range from July 19 2010 to really April 21 2014 and has not been back to the range nor closed in it the range since 4/14/14. The range i am talking about is 49.53 (high) to 34.46 (low). 49.53-34.46= 15.08 range. Today the ichimoku gave a tenkan kijun cross to the upside. By using the 15.08 rectangle price pattern this puts the market at...

tradingformoney

Lets say you trade the NQ, YM, TF, or the ES. You use the exact same indicators and the exact same time frame across each indice. Now the only thing that seperates the four is when the signal occurs and time of entry. In the exact same day each market gives an entry signal. You take all four trades, and trail your stop. Now the question is will you get stopped out...

tradingformoney

if silver closes below the weekly low of 18.185 ( 6/24/13) Look for support at the following areas such as support 1 12.29 (bottom of past kumo) support 2 11.605 (bottom of past kumo) support 3 10.770 (flat kumo bottom)

tradingformoney

I would like to point out a resistance/support range trade that i do often once i can see a market take out a key level and then watch for the market to retrace. As in this case the euro is on the down side so there fore i am looking for resistance test backs. Meaning bounces off of resistance and sharply getting out at the nearest support line. By placing a...

tradingformoney

The british pound has retested a swing high that was on 5-6-14 along with giving a strong tk cross. However there is a strong SUPER Swing high (8/5/09). I suspect that the market will close above the current swing high ( where the green dashed line is on the chart). However, we are coming up to a key high right now, one that we have not reached in almost 5 years...

tradingformoney

The ichimoku cloud has recently had a kijun cross over the tenkan, however the tenkan has crossed to equality with the kijun. If the tenkan crosses over the kijun i am seeing that the market can go higher if it can get a close above the 3897.50 area. Especially at the 3900 area ( round number). If the market sustains that 3897.50 area as support, the resistance...

tradingformoney

This chart is a daily time frame, which is why i want to quickly point out that on the weekly chart the kijun is crossed over on top of the tenkan. Meaning that on the weekly chart it has given a weak cross over to the down side ( conformation for this is if price closes below the cloud on the weekly) I want to mention that because on the daily chart there is a...