ShirokiHeishi

ShirokiHeishi

May your day be merry and bright as we spend time with the ones who really count and give to those who really need. Best wishes, ShirokiHeishi

ShirokiHeishi Updated 

It has been awhile. I took the last 6 months or so off for some introspective analysis. Here we go: There is a lot going on in the chart, of which I tried to note, so please take a moment to read them; The Kiwi has been in a bullish trend above the Kumo for some time now, and it was inevitable that a retracement would be in order. This pullback has found...

ShirokiHeishi Updated 

Its been a long time since I posted a potential trade, so bear with me on this one. Here we have the ingredients for a potential Chikou span/Kumo top bounce. See notes on chart: Note the two white arrows on this chart. One at the Chikou/Kumo boundary, the other on the oversold condition. The green horizontal lines are a boxed area where we see a potential entry...

ShirokiHeishi Updated 

Too many things to list. Keep it simple and read notes on chart: 1. Intersection of Gann lines in time. 2. bullish Ichimoku set-up in the zone between Kijun and Senkou span A 3. Positive reversal pattern developing 4. Favorable reward:risk profile 5. Short capital exposure (13-25 bars) in the daily time frame 6. Confluence of Fibonacci lines. 7. This is my idea...

ShirokiHeishi Updated 

Gonna see a bounce higher this week, I think. CMF(26) is very bullish (accumulation during the sideways chop last week) WPR(9) is heading south and if a failure swing develops, I am gonna have to be long from this pullback. At the money short expiration call options only here for me. Pricing models are up to you. Nothing stays flat forever note the kijun and...

ShirokiHeishi Updated 

See some notes on chart The Kiwi is sitting on a 61% retracement from its high to low move of .71473-.69633. CMF(26) is heavily bearish WPR(9) is in an overbought condition. The last couple of bars have been indecision bars (tops/dojis whatever). My original thesis was negated due this switch in CMF(26) since I last posted on Sunday. This is however setting up...

ShirokiHeishi Updated 

We are in a retracement zone now CMF(26) is bearish, WPR(9) is approaching oversold, price has crossed the Tenkan and is below the Kijun. The kijun is flat for now, and Senkou is bearish along with Chikou span sporting a reasonably bearish configuration. Looking to test the lows around 1.042 on a short entry. Waiting for my signal...

ShirokiHeishi Updated 

I am not a fan of this pair as much as I am not a fan of USOIL, but I am thinking oil is overdone and as it happens CMF(26) is bearish here along with WPR(9) sniffing around the oversold zone. Not a perfect setup, but if the Tenkan turns south for the border, I may ride that train too. Gonna think about testing the Kijun-sen as a pullback seems to be coming. ...

ShirokiHeishi Updated 

If the Euro breaks below the 1.121 area there are no more bulls in the room, for now there seems to be a pullback in the offing for us to consider a short trade in the selling zones (see chart notes) when(if) that happens I will update the post. For now we are decidedly bearish and waiting for a break of the Senkou Span B (white line). CMF(26) is bearish, kijun...

ShirokiHeishi

The dollar has been losing some steam, but I am concerned about the monetary policies of the US. I am simply noting that there is some technical reasons for a pullback to this zone. If the dollar holds the Senkou then we could see a real thumping of associated pairs, but I don't know what will happen. The lower timeframes are pointing to pullbacks or...

ShirokiHeishi

The Kiwi is oversold WPR(9) here in the pullback zone. CMF(26) is bullish and supportive of a long position. Chikou span is bullish moderately well positioned. There is nothing but blue skies out front. Kijun is flat and wants to move but wont for some time. Tenkan turns up and I am gonna be in. Looking to test the highs .7147 will wait for the oversold...

ShirokiHeishi Updated 

What is interesting is the fact that this corrective rally terminated at the low/open zone of 4/22/16 at 109.261-109.451. 109.463 was the 61.8% retracement of the last sharp move down. Chikou span is facing possible resistance @ this level. Obviously without prices breaking below 105.549 or above 111.882 Kijun-sen is going to flat-line for at least the next 16...

ShirokiHeishi Updated 

Since the Cable is relatively expensive to trade, and the stop-loss is wide, I am only using a half position here. This has been an orderly retracement to the Kijun-sen and looks like it could be poised to breakout again. Future kumo is bullish and the 3/10 oscillator is below zero. Wait for a Tenkan-sen turn-up hopefully at the same time the 3/10 breaks above...

ShirokiHeishi Updated 

I am of a mind to short this, not wanting to go against the higher time frames. Sell one unit at current price. Sell second unit on cross below tenkan-sen. Stop loss at .7245 first unit reduce at .72014 will reassess and if still in Second unit take profit at .71884. See notes on chart Happy trading and good luck, Shiroki

ShirokiHeishi Updated 

See notes on chart. Price/volume action confirms the current pattern analysis. We had a massive volume spike to the upside in the flagpole validating the start of the pattern and when the pennant breaks to the upside on heavy volume, the trade can be made to the upside target noted. Which is about a 10% move. As always wait for the confirmation signal. Using...

ShirokiHeishi Updated 

Notes on chart, these are just my thoughts as I do not as a rule trade the Yen real often.

ShirokiHeishi Updated 

Commercial producers of silver are rarely wrong, in fact, of the last 19 times their net short position rose to their highest point in 21 periods, 18 times resulted in a pullback for an average of an 11% decline. They are not always right, but going back to 2010, they've called the direction of silver 18 times. This should get you noticing that they have once...

ShirokiHeishi Updated 

See notes on chart: Flat Kijun-sen tends to act as resistance both to price and Chikou-span. Closed three days ago @105.83, hanging man Closed two days ago @ 105.63, hanging man, hammer Closed Friday @105.67, doji, spinning top. High of day touched and rejected by the Senkou-Span B a flat top attraction of Kumo trading. Last three closes failed to break...