USDCADThis swing trade setup has good Risk to Reward. Looking for price to continue up throughout the week, target set for 1.33500
Ichimokuforex
EURSUDCurrently in short from 1.12400 with a target of 1.11700.
For updates & in depth analysis see my telegram link below.
Ichimoku values and theories - connecting with othersIf you are someone who has worked with Half values and theories of Ichimoku, you'll understand the constant study which goes into perfecting the art, especially if you don't speak the native language of Japanese (birthplace of Ichimoku)
This will seem odd to the western traditional traders approach to Ichimoku but wanted others to see how the practice is a deep rabbit hole one needs commitment to understand.
Any questions or feedback is welcome.
Looking for others who have some traditional back-ground into Ichimoku trading to share different perspectives on the art.
More volatility = Gold up? - Ichimoku XAU/USD Trade SetupIf you're in the membership then you made an absolute killing on this last week and we're going to continue to look for chances to get long, if they present themselves. I am looking for price to fall a little lower to test at or near kijun sen to get long. If we get a good reaction with price either get a good support candle or bounce right off of it, I'll enter a buy. I am targeting previous price structure highs, but if you look left of current price we can aim for price structure and wicks along the way. As an alternative entry we can look for a break above the previous candle to get long, but it is a little more risky and diminishes potential risk to reward. If we fail to get a good to support, or to actually hold support, this setup may become invalidated.
USDJPYLooking for price to move up, currently in a long position from recent support. Price may move down to make a double bottom from support below.
EURNZD SWING TRADE This is my 2nd setup for EURNZD, check related ideas to see! Expecting this to drop further throughout the week with 3 targets in mind.
Aussie Strength Waning? - Ichimoku GBP/AUD Long Trade SetupAfter a long down trend, the pound finally found some footing. We are entering the kumo and I am watching for the possibility of a new bullish trend to form as the GBP tries to claw it's way back. As the week progresses I'll be watching for a bullish kumo breakout and completion of the kumo twist to bullish to help confirm it's time for an entry. I've set my entry at a flat spot on the kumo which should act as a good gauge if we'll make the move up or not. If we can close through that level we should try and climb quite a bit higher. If we fail to break through the kumo or hold price structure support, this setup may become invalidated.
Euro on stable ground? - Ichimoku Eur/USD Long SetpIt's been a while but the Euro finally found some footing against the dollar last week as more trade war rumors swirled. Since we are moving in an established trend I am looking for that trend to continue, but I want to see a drawback first. This is NOT an order I will set as a buy limit, I will watch and wait for a drawback and make sure there is a good support candle to get long on. Since that is the case, this stop loss is a rough estimate of where I believe that could be, but I will probably set it a little below the support candle or wick that could form. If we fail to get a drawback or hold support, this setup could become invalidated.
prices beneath the cloud & lagging span breaks through the cloudThat's what I see for the moment. This chart is telling everything.
Cheers
A Kicking Kangaroo? - AUD/USD Ichimoku Long Trade SetupThis pair has finally found some support before entering into the current consolidation zone price has been stuck in. I am looking for a break and close above the recent price structure resistance we've seen for a chance to get long. Some of this movement may be volatility based with the US news and tariff war going, so we may get a push pretty fast depending on how that situation develops. With NFP also coming down the pike, we will need to be aware that it could affect things drastically as well based on the data that is released and how the market receives it. If we fail to break price structure resistance to our entry level, or if we break down lower out of the current consolidation area, this setup may become invalidated.
Kiwi Ready to Rise? - Ichimoku NZD/USD Long Trade SetupThis is the same setup as last week as we continue to watch this develop. We have formed a new higher lower but I still want to see that break of price structure resistance before I open a long position. There may be some volatility this week as more Trade War rhetoric is hashed out by the Trump administration. It may give us the push this setup needs to get a bullish breakout. If we can't break through that price structure resistance or if we break back down below our new price structure lower high, this setup may become invalidated.
The NT Wave, Ichimoku's forgotten cousinDuring back testing and studying I come across these types of situations from time to time.
In Ichimoku NT price projections don't come up all the time but when they do it's nice to have seen them coming as they're short targets and once established (in my cases) I want to capture the profit I've made especially on the daily time frame. Like the example it's a four month turn-a-round to realize your limited profit/s.
Most the NT targets I get i'll have 1:1.5RR on average (not something I'd want to wait four months for) that's not taking into account we had a nice equilibrium range of 79.620 - 77.768 before hitting NT target we could of taken advantage of, but I digress.
The point of this post is to show a NT price projection and the importance of Time (theory) when trading.
In the chart example from 'A' point i'll explain; (I won't be going into everything on Ichimoku just Price and Time Theory)
Wave/price theory Points
A=75.406
B=78.668 = NT C + (C-A) = 80.130 (Now I have a way to spot NT projections from the start but It's something I've learnt from my own study, I want to show this from a unknown example)
C=77.768
So this is a our first and shortest target (we do get a 'V' Price project of 79.568 but straight away we know this isn't a 'V' set-up if we stay in line with Ichimoku study)
On the 30/Jun we are in a complete return to the Bullish market (according to Ichimoku) now that's the lines are out the way we will focus on time. Without adding every time element to the chart I focused on "Equivalent Values" and one complex/compound value "76" being one loop or three periods.
Time will determine if this way of thinking (referring to the NT projection is correct) now taking our past time history (equivalent values), we will project them forward, these will be our Equilibrium Points (hengi points) which is the important day of charge according to ichimoku.
From the point of entry to our first target the market moves with-in a equilibrium range but doesn't break wave structure (March - Apr we get a weak three wave down but they are noted and smoothed as one 'I' wave)
On the 15/Apr we hit our first target 80.130 (NT projection), Equivalent value '72' our Hengi Point, this is where I would be taking my profits and on the 17/Apr selling pressure returned to the market and on the 18/Apr price dropped, being one off complex value 76, one loop, according to Ichimoku is a reverse of trend number and one to be aware of when price reacts around this value.
Very simple, haha but joking apart it is, once you start to understand how Ichimoku can be used the door of opportunity is huge.
Hopefully this helps in some way with those struggling with Ichimoku, or get a NT Price Value. If others who study Ichimoku have another take I'm happy with the discussion to continue below or a msg to me in private is welcomed, always willing to learn more when it comes to Ichimoku.
