albert.callisto

albert.callisto

Fibonacci is not the only way to define levels, there are other levels such as those by Gann or the "Rule Of 7". It's quite simple and is based on fractions of 7 hence its name. The coefficients between a bullish and a bearish leg are different. Here are the rules for bullish objectives. Pick the base (could be a key level or a support), this value is B ...

albert.callisto

BUND has been in an uptrend for weeks, the price is bouncing up down in an ascending channel. From Ichimoku point of view, the lagging span has been blocked by the Kijun. It must break it to trigger the first buy criteria. The price tested the lower side of the channel and has been rejected. By looking at the RSI, you will see that 40 and 45 are important levels...

albert.callisto

UK100 is on the bull side of the cloud but its lagging span was rejected by a trend line as well as daily SSB, weekly Kijun. The price was evolving in a downside channel and broke the upper side, Ichimoku however warns us that the breakout is still in its early phase. As we have a fairly good amount of resistance where the lagging span is evolving, rushing a buy...

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EURPLN had been rising since April 2015 in a channel from which it escaped in January before consolidating a bit. Price is now oscillating in a falling wedge and is being compressed, it found some support at 4.35 and is testing the upper trend. The volume is slightly decreasing which is a scenario often seen in wedges. According to Bulkowski, the probability of...

albert.callisto

Copper is not fully ripe for a buy swing trade. The lagging span is still wandering inside the cloud, it needs to get out of it before issuing the buy. A small correction towards price is likely to happen meanwhile, the price has been testing the Kijun and the oblique trend.

albert.callisto Updated 

The EURNOK pair is supported by level 9.445. This support combined with the RSI divergence suggests that we may see a bullish phase towards 9.6 then 9.7. For a long trade, we may either wait for a small retracement towards the support area or directly launch the long. Stop loss would be just below the support area, though beware of wicks and higher spread on such pair.

albert.callisto

The chart is pretty clear, if we look at the previous wedges we see that they finished with an intense breakout. A wedge has been on its way for nearly 3 years and the current phase in yellow rectangle is similar to the 2010 price action: touch of upper trend then a decay with resistance in the middle of the wedge before the breakout. Note the long term...

albert.callisto

Price is entering a tight area where it will be blocked by a resistive trendline (red) and supported by the oblique black trend which started in summer 2015. The triangle apex is cut in half by a support at 6.5 which is likely to be retested during March. Note that this scenario occured in Oct/Nov with a false breakout signal (a bit far from the apex of the flat...

albert.callisto

XPTUSD recently escaped from a downtrend channel. It also evolves above the daily cloud which has not happened a lot since beginning of 2015. Now we are in a small corrective phase with a probable testing of the 900 level as in Oct 2015. As the cloud is not very thick under the price, it is essential that 900 holds, ie. that price avoids the large hole under it...

albert.callisto

Pair is evolving in a quasi-symmetrical triangle. The price had entered in the shape from a downtrend, so probabilities for a continuation breakout towards the lows are favorable for short trades. Three targets defined by height of the oscillations. In case of a breakout, the green one has the highest probabilty of being reached, then orange, then red. Note the...

albert.callisto Updated 

In hourly Ichimoku, the pair is turning bearish with the lagging span escaping from the bottom of the cloud. Take profit set at support levels defined by the bearish SSB. More conservative trading would require the Kijun to be under the cloud. Warning: Swiss news tomorrow, potential volatility around the pair, don't forget money management.

albert.callisto

The pair evolves in a relatively clean downtrend channel. Lagging span below prices, Kijun was broken, heading towards Tenkan. Wait for break of Tenkan before selling and profit is set at demand zone area. Note how the price bounced on the various Fibo levels of the channel during the recent oscillations (for example, blue ellipses)

albert.callisto Updated 

No trade idea, just the configuration used by "Robby Scalping", a french trader who invented the "Chinkoulinger". Wanted to keep it for historical purposes and further analysis. The strategy is based upon Bollinger bands in H2 with 2, 2.5 and 3 StdDev and watch out for crosses by the lagging span in M15 against these areas. French speaking: www.youtube.com

albert.callisto Updated 

XAGUSD is now in an ascending pitchfork after it escaped from the base of relatively flat cloud. One may want for a small retracement towards the Kijun before entering a long trade. Target is defined by a SSB level that is present in the weekly Ichimoku cloud back in August 2015. For a longer term trade, other targets given by weekly SSB are 16.93 and 17.8. In H4...

albert.callisto

The pair is currently in a compressing channel with a regular sinus wave (see period that oscillate between 22-25 bars so far) . It is too early yet to bet on what's going to happen but a breakout is one possible scenario. If this occurs during the next half-wave, we may see a price heading towards the weak part of the cloud and then objectives given by the last...

albert.callisto

A long-term chart shows that wheat (yellow) is in a flat bottom triangle pattern and that it may soon break out of it. It may not be fully clear on the chart but the support is more and more being tested during the last weeks so the breakout could happen before this summer. The last triangle breakout occurred on a period from middle May to middle June 2012. The...

albert.callisto

It's quite a clean up/down scheme we have here in live cattle price. The price is still above the cloud so we should not enter a trade now but a twist is incoming and it could attract the price to a lower area. Current Kijun was broken and price, in case of a twist breakout, would reach the first support area at 127.3 with a high probability. This key level will...

albert.callisto Updated 

CAC40 has tested the psychological level of 4000. So far it held and using a weekly Ichimoku, we can trace some other levels that could be next targets. In daily Ichimoku and with a bullish pullback as hypothesis, we see the lagging span would need to go through a lot of candles (blue triangle). Lagging span usually tends to avoid such areas so it would rather...