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AUDUSD 15M ICHIMOKU STRATEGY SHORT TRADEAUDUSD 15m shows triggers when to enter and exit AUDUSD 1H and $H show Bearish confirmation Step #1 Wait for the Price to Break and close below the Ichimoku Cloud Ichimoku cloud trading requires for the price to trade below the Cloud because that’s a bearish signal and potentially the beginning of a new down-trend. The cloud is built to highlight support and resistance levels and it’s supposed to highlight several layers deep because support and resistance are not a single line drawn in the sand, but several layers deep. So, when we break above or below the Ichimoku Cloud that signals a deep shift in the market sentiment. A high probability trade setup requires having more layers of confluence before pulling the trigger. This brings us to our next requirement for a high probability trade setup. Step #2 Wait for the Crossover: The Conversion (Blue) Line needs to break below the Base (red) Line. The price breakout below the Cloud needs to be followed by the crossover of the Conversion Line below the Base Line. Once these two conditions are fulfilled only then we can look to enter a trade. As you can notice the Ichimoku Cloud indicator is a very complex technical indicator that can be used even as a moving average crossover strategy. Now, we’re going to lay down a very simple entry technique for the Ichimoku Kinko Hyo trading system. See below… Step #3 Sell after the crossover at the opening of the next candle Ideally, any short trades taken using the Ichimoku strategy are taken when the price is trading below the Cloud. Our team at TGS website has adopted a more conservative approach and added an extra factor of confluence before pulling the trigger on a trade. So, after the crossover we sell at the opening of the next candle. Step #4 Place protective stop loss above the breakout candle The ideal location to hide our protective stop loss is above the high of the breakout candle. This trading technique accomplishes two major things. Here is an example of master candle setup. Firstly, it’s minimizing significantly the risk of losing big money and secondly, it helps us trade with the market order flow. Since this is a swing trading strategy we’re looking to capture as much as possible from this presumably new trend and we’ll be looking to trail our stop loss level below the Cloud or exit the position once a new crossover happens in the opposite direction. The next logical thing we need to establish for the Ichimoku trading system is where to take profits. See below… Step #5 Take Profit when the Conversion Line crosses above the Base Line We only need one simple condition to be satisfied for our take profit strategy. When the conversion line crosses above the base line we want to take profits and exit our trade. Alternatively, you can wait until the price breaks below the Cloud but this means risking to lose some parts of your profits. In order to gain more sometimes you have to be willing to lose some. Note** the above was an example of a SELL trade using the advanced Ichimoku trading strategies. Use the same rules for a BUY trade – but in reverse.
Short
by Tradingstrategyguides
EURCHF: You See This ? Hey traders, hope everyone enjoyed their weekend. Coming up with a quick educational post about our market theory on a lower 1h timeframe. We are in a short on EURCHF since a few days. Looking at the lower time frame setups we can clearly see how a bullish run with two corrections (marked in yellow boxes) happened. On the other side this is a nice chart for price action education. Grey boxes mark prize zones where huge amount of positions are - on both sides. You see how these zones are touched from the top and the bottom ? Let that sink. Wishing everyone a great week!
by darian_fx
EURUSD continues downtrend-patternAfter EURUSD ha broken its' previous trend-ish movement (organge dashed line), it has again formed a downtrend. This gives us the opportunity to short it, once it again confirmes the trend at the small red dashed line. On the day chart we can see another downtrend, which will be confirmed again at the big red dashed line. We can expect strong movements at this level since EURUSD has tested this level twice already (15. August & 31 October).
Short
by Jenkins301
EURGBP Possible Movements on 1HLooking an EURGBP we can see the chart moving downwards with several tests of a trendline formed at the last three heights. If the trend keeps moving downwards, we can SHORT EURGBP around the 0.86912 mark (dotted red line). If EURGBP continues moving towards the trendline, we have to see if it is closing above. If it does, we can LONG EURGBP and wait for it to end the downtrend at 0.87382 (dotted green line). If it can cross this level, we can expect more upwards movement.
by Jenkins301
1
USDCAD TRIANGLE TRADES4H Triangle Pattern Price bounced off top of triangle heading down Price can bounce off bottom and retest previous high Or price can breakout triangle bottom Macd below 80 Stoch level and Red signal line 1H Chart Macd in strong upward pattern at 80 Stoch level Watch close of candle at end of hour 15m Chart Price bounced off triangle top Currently in a bullish pullback or continuation Price could fall to 20 sma and bounce long or breakout short If bearish watch for a Red SAR circle Find a SL
by Tradingstrategyguides
AUDUSD 1H PTICE ACTION PIN BAR STRATEGYStep 1: Find a Pin Bar On Your Chart *Note This is a stock price action strategy, and a forex price action strategy. I will use a currency pair as the example. Price action charts are with any market and timeframe. What you need to do first is identify a pin bar that has formed. Step 2: Look for Past Price Action to Determine Why The Pin Bar Formed. Why did the reversal suddenly hit a price and then continue back to the upside? Let’s zoom out a bit on this one hour chart and see if we can see anything that tells you what happened. Note** you can either look at the current time frame you are on( in this case 1-hour time period) or bump up one or two periods to gather information. This is what Price Action is all about. No two trades will be the same. However, we can take what we have learned from the past and make the best judgment as to where the price may be headed in the future. You are essentially like a detective when you trade price action. The point is to gather many pieces of evidence to back up your conclusion. You are trading with confluence. Sometimes simple is best. Study the charts and form an educated conclusion as to what happened and where the price will go. Step 3: Trade entry You just enter the trade 2-3 pips from the break of the nose of the pin bar. Step 4: Stop loss Place the stop loss 3-5 pips away from the wick. The end of the wick will be a support area. So if this is broken the trend may continue downward. Which is why you place your stop 3-5 pips away from this. Step 5: Exit Strategy Your exit strategy will be when you hit the first level of support or resistance on your chart. Price will hit a point and stall out. Once we see the price action stalling out, we exit the trade immediately.
Short
by Tradingstrategyguides
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