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Ichimoku_trader

GBPNZD Documented Type 1 Trade + 69 Pip PotentialThe above is the documented Type 1 Trade on GBPNZD pursuant to the Gold Method Ichimoku: We had all 4 Horseman aligned and it was a good solid trade to end the week. Allen Since I was sick last week and have not caught up with documenting those trades, I have not filled in the spreadsheet as it is POA to enter data out of order, and done a weekly review. I anticipate being caught up by next week and will make the post accordingly.
Education
by AGold54
EURNZD Post news trade set-up + 100 Pip PotentialWe had a good push down on the NZD Interest Rate decision and this pair has now gone into a consolidation between 1.6941 (High) and 1.6857 (Low). Moreover, it is now below the Daily, 60 and 15 min KS, as well as the 15 cloud. Entry = 1.6920 Stop = 1.6940 Risk = 20 pips Profit target = 1.6820 Reward = 100 Pips RRR = 5-1 Once this trade is up + 20 pips, move your stop to breakeven and let it run. I would appreciate if you leave a comment or like as a thank you. Allen
Short
by AGold54
4
GBPAUD SS Short + 198 Pip PotentialPrice is below the Daily, 60 and 15 KS as well as the cloud. All of our 4 Horseman are aligned. This is a Type 1 trade with a High probability and good RRR. 2 Potential entries. If the PB is triggered first, then the BO entry is cancelled. It is not an add on position. PB Entry = 1.9261 Stop =1.9286 Risk = 25 pips Profit target = 1.9063 ( The daily projected low ) Reward = 198 Pips RRR = 7.92-1 BO Entry = 1.9183 Stop = 1.9208 Risk = 25 pips Profit target = 1.9063 (the daily projected low) Reward = 120 Pips RRR = 4.8 - 1 I would appreciate if you leave a comment or like as a thank you Allen
Short
by AGold54
6
EURAUD Post News Trade Short + 100 Pip PotentialWe had a good push down on the AUD Interest Rate decision and this pair has now gone into a consolidation between 1.64752 (High) and 1.64418 (Low). Moreover, it is now below the 60 and 15 min KS, as well as the 15 cloud. Entry = 1.6474 Stop = 1.6494 Risk = 20 pips Profit target = 1.6374 Reward = 100 Pips RRR = 5-1 Once this trade is up + 20 pips, move your stop to breakeven and let it run. I would appreciate if you leave a comment or like as a thank you Have a great week!! Allen
Short
by AGold54
2
BTCUSD - Chikou Span for the Bullish case, heading into $8550BTC is currently in interesting position. Using Ichimoku system we can trade and take bullish scenario into consideration. If we observe current location of Chikou Span breakout outside the cloud was clear. The bullish can be made with another breakout above $8550 resistance, otherwise Chikou Span will cross inside the price which means prolonged consolidation and bearish scenario (price heading outside the cloud). Uptrend is valid until $7800 zone breaks and Kijun is at $8000 where heavy support is expected. Great market to trade at the moment with a lot of tension from both buyers and sellers.
BITMEX:BTCUSD.PLong
by IchimokuDojoTrading
The Gold Method Ichimoku Weekly ReviewHere is the Weekly review for the week of January 20th through the 24th: Another strange week as the GBP pairs remained in a consolidation. We only took one trade, which was a failed breakout on GBPAUD on Monday for a loss of -27.6 pips. Recognizing and adapting to the current market conditions we became more selective with our trades. By doing so we avoided taking three more losses this week and you can never discount the benefit of not putting a hole in your account. Moreover, we did have 2 trades that came close but did not reach our entry and therefore were invalidated. A huge benefit of using specific entries is that it allows us to have a small stop loss and hence a larger position based (based on risk%). The downside is sometimes, like this week, we will miss trades. So there it is, the first losing week for the Gold Method Ichimoku since we started. Consolidation is followed by expansion, market fact!! Stay Green my friends, Allen
Education
by AGold54
5
The Gold Method Ichimoku Weekly ReviewThis week tested our patience and discipline in the Trade room for The Gold Method Ichimoku. Here is a day by day breakdown: Monday, we passed on both a breakout trade and a MA trade, both of which made money. However, despite the potential result the decision to stay out based on the market conditions at the time was correct. Tuesday, we had a very nice Type 1 Break out trade on GBPNZD which was good for 26 pips. Wednesday, we took a news/MA trade in GBPJPY that we closed flat. Thursday, we had a Type 1 Breakout trade in GBPCHF which quickly jumped up 10 pips, but then unfortunately failed. Friday, While we got teased with a couple of potential trades before UK retail sales, we got a News/MA trade in GBPJPY after that went for 45 Pips. ( I closed my position flat as did some others). However several traders who needed the trade to get above their BFV stayed in and accomplished the goal. Well Done!!! Sincerely, Allen Gold Since I have had several more traders inquire about the book and I hate to turn people away, if you are interested in the book, please send me an email at FXGOLD54@gmail.com
Education
by AGold54