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Ichimoku_trader

EURAUD 60 MIn Cloud BreakoutMonthly and Daily Direction is bearish. I anticipate the market will reverse down into the cloud bounce up off the Senkou B (bottom of the cloud) then stall between the Senkou A (top of the cloud) and the resistance level at 1.58600 For the cloud breakout we will need the following; 1. A cloud penetration; 2. A TK cross 3. The Chikou below price 4. A Kumo twist ** You can take the Cloud channel trade (long at the Senkou B) and that is an advanced technique with low risk targeting the Snkou A I will update this post as the market unfolds
Short
by AGold54
2
NZDJPY 60 min Cloud BreakoutThe Monthly and Daily remain bullish Have a text book cloud breakout The only thing I don't like is the time as it is 4 pm est and I prefer not to take trades this late in the US Session, so I will wait for the Asian Session which may provide for a pullback opportunity and/or a smaller stop Entry = 77.95 above the Daily Tenken Sen (Red line) Stop = 77.31 Risk = 64 pis Profit Target = 80.23 (10 pips before the Daily D Ext.) Reward = 228 RRR = 3.5 - 1
Long
by AGold54
2
NZDJPY 60 Cloud Pullback "homerun" tradeAlthough the Monthly and Daily are up, there is, imho, a high probability, low risk pullback trade setting up NZD which has been on a Great Bullish run is showing signs of weakeniing, specifically, on the Daily charts of NZDCHF and NZDUSD both finished yesterday with Doji's GBPNZD and EURNZD were both Spinning tops. NZDJPY had a bearish decision candle, although not an engulfing certainly the strongest of all the pairs against NZD. Their has already been a bearish cloud breakout but with a retracement back into the cloud Trade setup: Entry = 78.14 (the 60 Kejun Sen) Stop = 78.78 (10 pips + 2 for spread above the Senkou A) Risk = 37 pips Profit Target = 76.23 (the Daily Kejun Sen) Reward = 218 pips RRR = 5.8 - 1
Short
by AGold54
10
NZDCAD 60 TF Potential Cloud Bounce or Channel tradeMonthly and Daily Time frames are bullish Have a pullback to the Senkou A (top of the cloud) which is very strong support area. the prior 2 candles 1am and 2am est. were indecision candles unable to push the market down. 2 Potential trades: 1. Cloud Bounce: A. If we get a Bullish engulfing candle off of the cloud we can enter the trade. Entry = approximately = 0.9130 Stop = .9077 (10 pips below the Senkou B - bottom of the cloud) Risk = approximately 53-60 pips Profit target: .9207 (10 pips before the Daily D ext. Blue line on chart) Reward = 77 pips RRR = approximately 1.5 - 1 2. Channel Trade: If price penetrates the cloud, place buy limit orders at the Senkou B (bottom of the cloud) This is a great support level and will provide at the very least a short term bounce back to the top of the cloud or possibly a continuation upto the Daily D ext. Entry = .9087 Stop = .9067 Risk = 20 pips Profit targets: 1st= .9117 RRR = 1.5-1 2nd= .9207 (10 pips before the Daily D ext. blue line on chart) RRR = 6 -1 :) ** depending on the strength of the move up, you may want to move your stop to flat at the first pt. and let it run to the 2nd pt.
Long
by AGold54
2
GBPAUD 60 Min Cloud BreakoutMonthly and Daily Direction is Bearish Have all the requirements for a Cloud breakout: 1. Have A cloud breakout 2. Have a TK cross 3. The Chikou is below price 4. Have a Kumo twist ** increasing this trades probability is the thick cloud and flat Senkou B ** of concern is the up Trend Line Entry = 1.7664 (8 pips below the breakout candle) Stop = 1.7550 (10 pips +2, for spread,above the Senkou A) Risk = 86 pips PT = 1.7206 (10 pips above the 1.618 fib extension)
Short
by AGold54
6
EURNZD 15 Min Potential Cloud breakoutMonthly and Daily Direction is Bearish on the 60 this pair has formed a double top, shown by the Yellow line (unfortunately I can not show, on the 15, the 1st instance of resistance without losing detail) This trade still needs 2 of the 4 requirements, so is at least 90 min away from setting up. Cloud breakout requirements: 1. Cloud Breakout - Still need 2. Have a TK cross :) 3. Chikou is closing below price :) 4. Future Kumo twist - still need ** Additionally, need a close below the daily Tenken Sen (Red line) Entry parameters will be provided once all the Criteria are met
Short
by AGold54
4
EURCAD 60 Cloud BreakoutMonthly direction is down Daily is in the Sell zone All requirements are met for a cloud breakout; 1. Have a cloud breakout 2. Have a TK cross 3. The Chikou is below price 4. Future kumo is bearish 2 Potential entries: First, the breakout entry is 6 pips below the breakout candle (however, since the next candle was a little lower I used that low of 1.4916); Breakout Entry = 1.4910 Stop = 10 pips + 2 for spread above the Senkou B at 1.4965 = 1.4977 Risk = 67 pips Second, Pullback trade: Their is a very strong Resistance level at 1.4956 (blue line) which is a great place to place a limit order Entry = 1.4956 Stop = 1.4977 Risk = 21 pips
Short
by AGold54
2
EURJPY Potential Cloud BreakoutPotential cloud Breakout The Monthly direction is down Pair is in the Sell zone on the Daily and is at major resistance levels Since this trade is several hours away from a set-up I can not provide specific order details That said there is 2 ways to enter this trade: First, on a 60 min close below the Daily Kejun Sen (blue line) Second would be a cloud breakout satisfying all the criteria; 1) a Cloud breakout 2) A TK cross 3) The Chikou is below price 4. A future Kumo twist ** Also the close of the breakout candle must close below the Daily Kejun Sen
Short
by AGold54
CHFJPY 60 Cloud BreakoutMonthly and Daily direction is down and have met a ll the requirements for a Cloud Breakout: 1. Have a break below the Cloud. 2. Have a TK cross 3. The Chikou is below price 4. The future Kumo is bearish 2 Potential entries for this trade: First; The Breakout trade. Entry is 4 pips below the low of the Breakout candle (in this case we have to adjust for round number support) Entry = 112.98 Stop = 113.45 Risk = 47 pips PT = 3xR = 141 pips = 111.57 Second: a Pullback to the 60 Kejun Sen at 113.31 (turquise line on chart) This entry while providing better risk/reward decreases the probability of success. Entry: 113.31 Stop 113.45 Risk = 14 pips PT = 10xR = 140 = 111.91 ** The Blue line on the chart is the Daily Kejun Sen and represents a major Support/Resistance level
Short
by AGold54
DXY Higher High with a possible fake breakout? DXY is inside an uptrending channel. Price is attempting a breakout at the 1hr level. With tenken sen pointing downwards and kijun sen facing upwards, I expect price to go back up and attempt a breakout to the upside and meet kijun sen at the 1hr level. If this were to happen, it represents a reflection point on the channel and DXY could attempt to make a higher high after a recent run of higher highs and higher lows. If price fails to break $96 then it could fall into a sideways channel. Entry: 95.70 SL: 95.45 TP1: 95.95 TP2: 96.20
TVC:DXYLong
by aldairhernandez30
ETHUSD More Sellers on the WayETHUSD looks ready for nice push to the bottom, possibly being the last big dump before cryptos start recovering. On the daily timeframe, price seems to be stuck in this downtrending channel. Linear regression suggests that price is going to fall downwards to at least the previous low of the 12th of September. Down-Top analysis starting with the 1hr shows price ready for a bearish TK cross, if this happens then I fully expect for price to create a bearish TK cross on the daily level and target even lower prices. Entry: 230.14 SL: 254.9 TP1: 161 TP2: 110
BITFINEX:ETHUSDShort
by aldairhernandez30
Silver Quick Buy Idea 8.8Quick scalp trade on XAGUSD. Possible reflection point on the daily timeframe with silver having a steady and slow climb. Hoping to get in on a kijun sen bounce on the daily which coincides with price being unable to break the 4h kumo cloud to the downside. If price is rejected with enough momentum then this trade could be a nice hold if price creates a kumo cloud twist on the daily timeframe. Entry:14.444 SL: 14.285 TP1: 14.660 TP2: 14.913 TP3: 15.294
FOREXCOM:XAGUSD
by aldairhernandez30
Bitcoin’s final destination close to $4920Today’s insights. Although the left chart shows a significant support zone between 5555 and 5920, the OBV indicator still shows a downtrend of volume. The bears rule the game. We separate two time periods for more studies the recent downsides. 2018/01/05 to 2018/02/10: bitcoin price dropped 50% near one month 2018/03/05 to 2018/06/19: bitcoin price dropped 42% near three months Obviously, we see that the recent fear was smaller than at the beginning of this year. Because most of us should know or technical analysed or even mentally prepared that bitcoin will fall to a bargaining level i.e. 4k to 5k. If the support zone lost the name what it is called, then what will we do ? because there is no demand zone any more ! Ichimoku analysis may help you to locate where the support or resistance is. This time we use chinkou span that many ichimoku traders selectively ignored. The chinkou span cross bearish signal occurs when the chinkou span falls below the price. The yellow oval A was telling us that chinkou span lies adjacent kumo, it was not safe to go SHORT. However, the yellow oval B was telling us that chinkou span lies under kumo, it was safe to go SHORT. (i.e. since 7700) Chinkou span fell sharply two days ago and what will you expect the market does (Falling or Rising)? Now, we drew some dotted lines so that you will know how our logic thinking work. Each dotted line tells you the chinkou span hooked either in a V-shape or inverted V-shape. Chinkou span in V-shape means support, while chinkou span in inverted V-shape means resistance. When you look carefully between the relationship of chinkou span and the price, you will see the below findings. Chinkou span 1 @ 7807 : Support became Resistance Chinkou span 2 @ 6874 : Support became Resistance Well, you may discovered that chinkou span is the closing price shifted into the past, the cross that triggers this signal will be 26 days behind the price and, hence, the actual date that the signal occurs. The strength of the signal is determined by the relationship of the price on the date of the signal to the kumo. How about Chinkou span 3 @ 5870 and Chinkou span 4 @ 4921 ? These are the exercises you are going to watch in the next couple of days.
BITSTAMP:BTCUSDEducation
by SoloTraderAU