EURCAD 60 Cloud BreakoutDaily and Monthly are in downtrends.
Cloud Breakout requirements:
1. Have a Cloud breakout.
2. Have a TK cross
3. Have a Kumo Twist.
4. The Chikou is below price
** At the Daily Kejun Sen 1.4948 (Blue line), need a close below it
Entry = Close f Candle below Daily Kejun Sen 1.4948 (Blue line)
Stop 10 pips (+2 for spread) above the Senkou A
PT = 1.4720
Ichimoku_trader
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
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
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
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.
NXT : made with love !Pending Buy Limit NXT/BTC at 0. 000 008 29
SL : 0. 000 005 00
TP1 : 0. 000 073 56tt
TP2 : 0. 000 140 00
TP3 : 0. 000 265 19
Enjoy the #khalilShow ( ^ _ ^ )
Trading the chop with zero drawdown. Heffae's Perfect Signals.The fundamental strategy for trading with Heffae Clouds is to use the real-time and cloud interactions as support / resistance.
All the colors, lines, and granular detail of the system is designed to assist in determining the validity of Support / Resistance drawn by the Predictive Clouds.
All paths drawn with default settings, the clouds are offset from real-time like Ichimoku. Basic Ichimoku comprehension carries over to trading with Heffae's clouds, however there are differences as you go deeper.
UPDATE GBPJPY May 27th-June 1st, 2018As I mentioned in my previous idea for GBPJPY as the market closed this week, it did hit my take profit at 145.412 based on the 4 hour chart yesterday. Most likely, we should be seeing price go 144 or below. Please stay on the look out this upcoming week as this could possibly continue as a sell.
Top 7 magic Crypto Indicators: #3 IchimokuDear Cryptuminati,
Many beginners wonder which indicators to use. That's why I started this series with the 7 best indicators. It is not just any indicators, but those that are best suited for crypto trading.
#3 Ichimoku Kinko Hyo
Today I want you to meet a crazy indicator. Ichimoku is a complete trading system from Japan. I'm sure you've seen this strange cloud before. At first glance, it causes enormous confusion and looks very complicated. Don't worry, it's very easy to interpret Ichimoku. I use this indicator primarily to detect trend changes.
My areas of application:
- Trend directions: If the course is above the cloud, this is positive. Below the cloud there is a downward trend.
- Trend strength: The thicker the cloud, the stronger the trend. A change in cloud colour must be interpreted as positive (green) or negative (red) according to the new colour.
- Entry and exit: A breakthrough in the cloud indicates a change in trend, which you can use for buys or sales.
- Stop-loss / partial sales: At the edge of the cloud or in case of a breakthrough.
Ichimoku actually consists of several lines. However, I have trimmed the indicator to the cloud visible above. For me, the Ichimoku cloud is a secret chart technical weapon! The other lines are not so important in my eyes.
Example:
In the upper chart you see two situations. The buy was made when the trend direction changed. I waited until the first candle opened in a new direction.
(1) In the first case, the trade did not work. The red cloud was very thick, which can be interpreted negatively. The course hadn't finished downstairs.
(2) The second trade was a complete success. The cloud was much thinner, so Bitcoin could easily break through it. The cloud quickly turned green, which is another positive feature.
What's the problem?
A breakthrough through the cloud can be very dynamic. This leads to further losses. Alternatively, you can use the cloud line as an exit, but often there are turns.
For this reason you should include additional chart technical elements!
My tips for Ichimoku:
- Combine the Ichimoku cloud with trend lines (support and resistance). This will give you a better idea of how likely a trend change is. You can also use the trend line to buy or sell.
- Moving averages (MAs) are another trend indicator. You can use them as support. I often work with MAs 14 and 50, the classic setting is MA 50 and 200. I have linked my guide to MAs below.
- The Supertrend helps you to recognize a change of trend and to make partial sales.
- Look at the higher time level. If you speculate on a rising price in the 4-hour chart, you should look at the daily chart. There you may be able to determine a suitable price target.
Conclusion
The Ichimoku is an independent trading system. But I only use the cloud. It is a powerful weapon for trend changes. This is very interesting for crypto currencies, as a change of trend often results in larger movements. To get a good time to sell, you can also work with trend lines and MAs.
Always include other factors in the trade! This can be an indicator or a technical chart element (support, resistance, Fibonacci).
The Eye of the Cryptuminati has spoken.
+++++
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Follow me if you like my work and you want me to go on. I post updates on my trades and analyses several times a week!
Thank you very much!
Risk note: Everything is possible, nothing is necessary. All information is not a buy or sell recommendation.
ICXBTC Buy OpportunityICXBTC
Hi Traders.
The market bounces off tenkansan and previous swing high.
All indicators on ichimoku are bullish.
Current price action showing good level of support at the tenkansan and a new buy opportunity presents itself at the current levels.
For the aggressive traders. Pending buys can be placed on the break of the current rejection candle at 4890 sats.
For the conservative traders who require confirmation. Trade once price breaks and closes outside the consolidation area at 5050 sats.
TRADE:
Aggressive entry Pending Buy at: 4890 sats
Conservative entry Pending Buy at: 6350 sats
TP1 (Short term): 5650
TP2 (Mid terms): 6350
TP3 (Long term): 8450
Stoploss: 4400
GASBTC New buy opportunity and potential KUMO breakoutGASBTC
The market pullbacks to a fractal level and now presents a new buy opportunity.
Though price is still inside cloud. We will enter to trade the kumo breakout at the current level.
For the aggressive traders, enter on the break of the current indecision candle which is at 3300 level.
For the more conservative entry. We will enter on the break of the current swing high which is 3500.
A Break and a close outside KUMO will confirm the KUMO Breakout.
Aggressive Pending BUY at: 3300 sats
Conservative Pending BUY at: 3500 sats
TP: 4251
Stoploss: 3024
Cloud to Cloud Trade on the 1 HourI'm using a double setting Ichi cloud and Black Kijun, with a full set of single Ichimoku and a Weekly Resistance point at 8161. Both single and double Kijun along with Double and Single cloud resistance are within the blue box. Set entry points at the bottom, middle, and top of the blue box. Target is bottom of the double settings cloud. This trade is called a cloud to cloud trade and you can see this technique on Josh O's channel.
Waitting for LONG NZDUSD In this 9 days.Too busy no time to analyze any symbols because I had returned back to program some MES & ERP for auto robots production lines.
But I still watch charts and got some good results for NZDUSD.
Because I had closed 2 LONG orders at 0.7350 in last week and take care that when trading in again.
After G-H, there is a middle wave at I and supported above SPANB, then break on the H2 point with an up N wave to J where I had closed.
From the time, H1-I is 33 days and H1-J is 51 days and H-J is 40 days and down at 41 number. Also, I-J is number 17 and completed N wave.
So it is normal for down in this 9 days. But I don't want SHORT it, and I think it needs back to SPAN and Kijyun lines and turns up again in the 5th wave.
So I will stay at 0.7290-0.7300 to LONG it again. Here is S wave too and it will be a point K.
Then it will be G-H-I-J-K to with a big N wave for G-H-I to future.
There is the target in next 41 days from the point I.
NCASH/BTC Binance 10.04.2018Waiting for uptrend confirmation. Ichi indicaor is bullish: TK cross is bullish, price is above Tenkan sen, Kumo cloud and Kijun Sen.
Bitcoin Analysis, Nice squeeze and breakout.- Incoming Bullish Tenkan-Kijun cross on the daily... IF we can continue with a bit more of a rally into the next daily open. 10 hours left as of this writing.
- OBV passed the level I needed for a semi bullish confirmation on daily. However we need more volume to continue past $8,550 along with additional confirmation.
- Tom Demark Sequential on the daily showing bear exhaustion 2 days ago.
-Wicked back off of the 4 hour Tenkan-sen on that beautiful little breakout.(No surprise)
-So lets bust this 6 hour open... BITFINEX:BTCUSD
Watch for rejection at this level ($8,550) BITFINEX:BTCUSD and also the 6 hour Tenkan-sen (Bottom Chart), once we break that then we can watch for a trend break. As always I am watching volume very closely. Volume controls all other factors so I typically focus on volume in situations like this. (Stop losses are always my friend, so use the tools you are provided with for external factors that are not able to be seen with TA)
Educational link for Ichimoku cloud and the Tenkan-Kijun Cross
ichimokustrategy.com