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Ichimoku_trader

GBPAUD double News retracement trade +204 Pip potentialHad major news on Both currencies in this pair. UK parliament vote on Brexit sent GBP down and a better ten expected AUD CPI sent AUD up. This setup will try an harness both results I am using fib levels using the Pre Uk vote price (which is not the daily high) and the low after the Aud news (which still may change so we will have to re draw the fibs) Using 2 even entries at the following fib levels: .382 = 1.8284 .50 = 1.8307 (yes I know it's not a real fib level) I do not expect this market to retrace more than .50 (which is where the Kejun Sen = Bold Blue line will probably be) Stop = 1.8353 and will tighten as we keep it 10 pips above the Kejun Sen Risk = 58 pips Profit Target = 1.618 ext. = 1.8091 Reward = +204 Pips Current RRR = 3.5 - 1
Short
by AGold54
GBPJPY Pullback trade +195 pip PotentialEven though GBP has been dominating for over a week now, it is, imho,over extended and ripe for a pullback. The Monthly and Daily are still, despite it's recent strength, still bearish Resistance has formed at 143.55 and has been rejected once (double top) The Resistance level is in close proximity to the Daily Senkou A, which is a very strong Resistance level. The RSI is Overbought and descending. Entry can be had on a retest of the 143.55 level or a candle formation rejected at that level or you can wait to see if the Daily Senkou A is tested. Entry = 143.55 Stop = 143.95 Risk = 40 pips Profit Target = 141.60 (the 60 Senkou A)** Reward = +195 pips RRR = 4.8 - 1 ** it should be noted that the future cloud is ascending and the profit target will have to adjusted to where price meets it.
Short
by AGold54
1
EURAUD cloud Channel trade +350 pip potentialThe Monthly and Daily and 60 are in an uptrend. Need a pullback to the 60 Senkou B (or Daily Senkou B before 3 am confluence) Entry = 1.5860 Stop = 1.5840 Risk = 20 pips 1st PT = 1.5917 Reward = 57 pips RRR = 2.85 - 1 2nd PT = 1.6219 (the Daily Kejun Sen) Reward = 359 pips RRR = 18 - 1 * At the 1st PT you can either take a portion of your position off and move your stop to flat just move your stop to flat (which is what I will do)
Long
by AGold54
AUDNZD +140 potential shortThe Monthly and Daily time frames are Bearish. This pair has trading in a tight range since January 17 Would like to see the Kejun Sen flatten or better yet step down and that will happen if the pair respects the Resistance level. The Optimal time to start look for this trade to trigger would be after 1am as the Cloud will have thinned out making it easier to break through. Entry = 1.0645 Stop =1.0665 1st PT = 1.0505 2nd PT = 1.0356 Risk = 20 pips Reward 1st PT = 140 pips Reward 2nd PT = 289 pips RRR 1st PT = 7-1 RRR 2nd PT = 14.4 - 1
Short
by AGold54
GBPCAD 500+ pip move potentialGBP has been dominating all week and is, imho, overextended. GBPCAD is now at a Daily Resistance level that has been rejected 3 out of the last 4 times (75%) Need to see compression on the 60 min chart below the resistance level and then a strong bearish candle for entry. Entry = not yet ??? the stop will be 10 pips (+2 for spread above the last swing high) PT = 1.6668 * both sides of this pair have news release that will effect this trade. GBP retail sales at 4:30 est.which is forecasted for -0.8 which can easily be beat and CAD CPI at 8:30 est .Please take this into consideration ** A more aggressive entry can be made if there is either multiple testing of the resistance level or a tight compression below but at it, for at least 8 hrs.
Short
by AGold54
CADCHF Potential homerun tradeThis pair is bearish on both the Monthly and Daily time frames. price is currently compressing below the Daily Senkou A (bottom of the Cloud) this is a very strong resistance level and great place for a small stop loss entry with a profit target of .7066 which is the Daily 1.27 fib extension. first we need the pair to compress slightly below the Senkou A for at least 2 more hours (starting at 1am est. ,we will look for a quick pop back up the Senkou A level for entry) Entry = .7491 Stop = .7511 Risk = 20 pips Profit target = .7066 Reward = 425 pips RRR = 21 - 1 :)
Short
by AGold54
EURAUD 60 min Senkou A ShortThe Monthly and Daily direction is Bearish. The market has retraced, and been rejected at the Daily Senkou A (bottom of the cloud) at 1.5841 I anticipate the market will drop back to the cloud, either the Senkou A (top) or the Senkou B (bottom) and then rally back to retest the Senkou A at 1.5841 2 Potential entries; First, the aggressive entry would be to place sell limit orders at the Senkou A with a 50 pip stop Second, wait for the confirmation of the Cloud breakout trade
Short
by AGold54
6
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