WHO I AMHey Guys, you have seen my posts here for awhile. I just did an interview with Apiary Fund this past Wednesday, which was well received, so I figured I would post the link here:
www.youtube.com
Apiary fund is an Awesome opportunity for traders to learn and then trade the fund's money after you qualify, If you would like more information, either shoot me a message or just google Apiary fund. Also if you consider joining, I do get a rebate, which i am willing to split (you have to use my referral link)
Additionally, my new publication on how I trade is in the works and should be released the first week in October. it will provide a detailed, step by step (with plenty of screenshots) explanation of how I work through my methodology on a day by day basis. it will show how my trade-sets up develop under different market conditions as well as, and just as importantly, when I stay out of the market (like today).
I would appreciate feedback/questions and if you be kind enough to hit the "like" button
Stay Green My friends and Have a Great weekend :)
Allen
Ichimoku_trader
GBPUSD SS Short + 95 Pip PotentialPrice is below the Daily, 60 and 15 KS as well as the cloud. This is a Type 1 trade with a High probability and good RRR.
2 Potential entries (it is one or the other, not both)
Entry = 1.2221
Stop = 1.2241
Risk = 20 pips
Profit target = 1.2126 ( The projected daily low )
Reward = +95 Pips
RRR = 4.75 - 1
2nd Entry = 1.2192
Stop = 1.2217
Risk = 25 pips
Profit target = 1.2117
Reward = +75 Pips
RRR = 3-1
I would appreciate if you leave a comment or like as a thank you
Allen
GBPCHF SS Short + 142 Pip PotentialPrice is below the Daily, 60 and 15 KS as well as the cloud. This is a Type trade with a High probability and good RRR.
2 Potential entries (it is one or the other, not both)
Entry = 1.2022
Stop = 1.2042
Risk = 20 pips
Profit target = 1.1880 ( The projected daily low )
Reward = + 131 Pips
RRR = 7 -1
2nd Entry = 1.1952
Stop = 1.1977
Risk = 25 pips
Profit target = 1.1870
Reward = + 82 Pips
RRR = 3.1 - 1
I would appreciate if you leave a comment or like as a thank you
Allen
GBPAUD SS Short + 79 Pip PotentialWe have a nice down move in this pair, so we will look to get in on a pullback. This is an MA trade with a High probability and Good RRR.
Entry = 1.8111
Stop = 1.8126
Risk = 25 pips
Profit target = 1.8032
Reward = + 79 Pips
RRR = 3-1
* understand that this entry is based on a moving Average, so it will...move. I will update before it is triggered.
**Once this trade is up + 25 pips, move your stop to breakeven and let it run
GBPJPY SS Short + 110 Pip PotentialPrice is below the Daily, 60 and 15 KS as well as the cloud. This is a Type 1 trade with a High probability and great RRR.
Entry = 129.57
Stop = 129.77
Risk = 20 pips
Profit target = 128.47 ( The projected daily low )
Reward = +110 Pips
RRR = 5.5 - 1
I would appreciate if you leave a comment or like as a thank you
Have a great week !
Allen
GBPNZD SS Long + 75 Pip PotentialPrice is above the Daily, 60 and 15 KS as well as the cloud. This is a Type 1 trade with a High probability and good RRR.
Entry = 1.9201
Stop = 1.9176
Risk = 25 pips
Profit target = 1.9276 ( The projected daily high )
Reward = +75 Pips
RRR = 3-1
I would appreciate if you leave a comment or like as a thank you
Have a great week !
Allen
GBPCHF SS Potential Type 2 Short TradeThis is half Trade Analysis and Half Educational :
Interesting Action on the GBP pairs today. GBP has been strong for 4 days now, which we have to respect. However all the pairs are showing signs of topping out. Unfortunately, they have not set-up potential Homerun trades (where we can trade the top). Currently, all the pairs, except GBPCHF and GBPUSD, are above their Daily Kejun Sen. All of the pairs are above their 60 min KS and clouds, and all are below their 15 min KS, but above their clouds.
Because of the topping price action, I won't take a long but have to respect that price can go up. The best short, imho, is GBPCHF, which is below it's Daily KS, and has a flat cloud on the 60. If it closes below the 60 KS at 1.88771, it could potentially resume it's downtrend. That said, here are the trade parameters:
Entry = CLOSE below 1.1875
Stop = ??
Risk = 25 pips
1st Profit target = 1.17480
Reward = 127
RRR = 5-1
GBPAUD SS MA Trade + 75 Pips PotentialWe have a nice down move in this pair, so we will look to get in on a pullback on the Daily KS. This is an MA trade with a High probability and Good RRR.
Entry = 1.7884
Stop = 1.7909
Risk = 25 pips
Profit target = 1.7809
Reward = + 75 Pips
RRR = 3-1
**Once this trade is up + 25 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
EURCAD SS Short + 117 Pip PotentialPrice is below the Daily, 60 and 15 KS as well as the cloud. This is a Type 1 trade with a High probability and good RRR.
2 Potential entries (it is one or the other, not both)
Entry = 1.4747
Stop = 1.4767
Risk = 20 pips
Profit target = 1.4630 ( The projected daily low )
Reward = + 117 PIps
RRR = 5.85 - 1
2nd Entry = 1.4699
Stop = 1.4629
Risk = 30 pips
Profit target = 1.4609
Reward = + 90 PIps
RRR = 3-1
I would appreciate if you leave a comment or like as a thank you
Have a great week !
Allen
GBPNZD SS Long + 178 Pip PotentialPrice is above the Daily, 60 and 15 KS as well as the cloud. This is a Type 1 trade with a High probability and Great RRR.
2 Potential entries (it is one or the other, not both)
Entry = 1.8880
Stop = 1.8860
Risk = 20 pips
Profit target = 1.9058 ( The projected daily high )
Reward = +178 Pips
RRR = 8.9 - 1
2nd Entry = 1.8950
Stop = 1.8925
Risk = 25 pips
Profit target = 1.9058 ( The projected daily high )
Reward = + 108 PIps
RRR = 4.32 - 1
I would appreciate if you leave a comment or like as a thank you
Have a great week !
Allen
GBPAUD SS Post News/Type 1 Short + 155 Pip PotentialPrice is below the Daily, 60 and 15 KS as well as the cloud. This is a Post News/Type 1 trade with a High probability and good RRR.
2 Potential entries (it is one or the other, not both)
Entry = 1.7825
Stop = 1.7845
Risk = 20 pips
Profit target = 1.7670 ( The projected daily low )
Reward = + 155 Pips
RRR =7.75 -1
2nd Entry = 1.7756
Stop = 1.7781
Risk = 25 pips
Profit target = 1.7670( The projected daily low )
Reward = + 86 Pips
RRR = 3.44 - 1
** Please note that UK Retail Sales will be released at 4:30 am est. and will directly effect this trade
I would appreciate if you leave a comment and a like as a thank you
Allen
GBPJPY SS Short + 101 Pip PotentialPrice is below the Daily and 15 KS (but above the 60 KS) as well as the cloud. This is a Type 2 trade with a High probability and good RRR.
Entry = Sell on a CLOSE be low the 60 KS (127.153
Stop = ??
Risk = 25 pips
Profit target = 126.12 ( The projected daily low )
Reward = Approx 101 Pips
RRR = 5-1
I would appreciate if you leave a comment or like as a thank you
Have a great week !
Allen
GBPJPY SS Short + 177 Pip PotentialPrice is below the Daily, 60 and 15 KS as well as the cloud. This is a Type 1 trade with a High probability and good RRR.
2 Potential entries (it is one or the other, not both)
Entry = 127.62
Stop = 127.82
Risk = 20 pips
Profit target = 125.85 ( The projected daily low )
Reward = +177 PIps
RRR = 8.85 - 1
2nd Entry = 126.48
Stop = 126.78
Risk = 30 pips
Profit target = 125.85 ( The projected daily low )
Reward = 63
RRR = 3-1
I would appreciate if you leave a comment or like as a thank you
Have a great week !
Allen
GBPAUD SS Short + 227 Pip Potential!!Price is below the 60 and 15 KS as well as the 15 cloud. This is a Type 1 trade with a High probability and good RRR.
2 Potential entries (it is one or the other, not both)
Entry = 1.8053
Stop = 1.8073
Risk = 20 pips
Profit target = 1.7826 ( The projected daily low )
Reward = +227 Pips
RRR = 11.5 - 1
2nd Entry = 1.7925
Stop = 1.7955
Risk = 30 pips
Profit target = 1.7826 ( The projected daily low )
Reward = + 99
RRR = 3.5 -1
** Please not the Daily Kejun Sen is 1.7884 should be expected to act as support.
I would appreciate if you leave a comment or like as a thank you
Allen
GBPAUD SS MA Long Trade + 60 Pip PotentialWe have a nice bullish move in this pair, so we will look to get in on a pullback. This is an MA trade with a High probability and Good RRR.
Entry = 1.8113
Stop = 1.8093
Risk = 20 pips
Profit target = 1.8173
Reward = + 60 Pips
RRR = 3-1
* understand that this entry is based on a moving Average, so it will...move. I will update before it is triggered.
**Once this trade is up + 25 pips, move your stop to breakeven and let it run
GBPCHF SS Short + 90 Pip PotentialPrice is below the Daily, 60 and 15 KS as well as the cloud. This is a Type 1 trade with a High probability and good RRR.
2 Potential entries (it is one or the other, not both)
Entry = 1.1938
Stop = 1.1958
Risk = 20 pips
Profit target = 1.1848 ( The projected daily low )
Reward = +90 Pips
RRR = 4.5 -1
2nd Entry = 1.1885
Stop = 1.1910
Risk = 25 pips
Profit target = 1.1810
Reward = + 75 Pips
RRR = 3-1
I would appreciate if you leave a comment or like as a thank you
Have a great week !
Allen
GBPJPY SS Short + 124 Pip PotentialPrice is below the Daily, 60 and 15 KS as well as the cloud. This is a Type 1 trade with a High probability and good RRR.
2 Potential entries (it is one or the other, not both)
Entry = 129.40
Stop = 129.60
Risk = 20 pips
Profit target = 128.16 ( The projected daily low )
Reward = 124 Pips
RRR = 6-1
2nd Entry = 128.50
Stop = 128.75
Risk = 25 pips
Profit target = 127.75
Reward = +75 Pips
RRR = 3-1
I would appreciate if you leave a comment or like as a thank you
Have a great week !
Allen
GBPUSD SS Short + 82 PIp PotentialPrice is below the Daily, 60 and 15 KS as well as the cloud. This is a Type 1 trade with a High probability and good RRR.
2 Potential entries (it is one or the other, not both)
Entry = 1.2125
Stop = 1.2145
Risk = 20 pips
Profit target = 1.2043 ( The projected daily low )
Reward = +82 Pips
RRR = 4-1
2nd Entry = 1.2084
Stop = 1.2109
Risk = 25 pips
Profit target = 1.2009
Reward = +75 PIps
RRR = 3-1
** Be aware the US NFP is scheduled for 8:30 am est. and will directly effect this trade.
I would appreciate if you leave a comment or like as a thank you
Have a great weekend!
Allen
GBPAUS SS Short + 100 Pip PotentialPrice is below the Daily, 60 and 15 KS as well as the cloud. This is a Type 1 trade with a High probability and good RRR.
2 Potential entries (it is one or the other, not both)
Entry = 1.7672
Stop = 1.7692
Risk = 20 pips
Profit target = 1.7572 ( The projected daily low )
Reward = + 100 Pips
RRR = 5-1
2nd Entry = 1.7616
Stop = 1.7641
Risk = 25 pips
Profit target = 1.7541
Reward = + 75 Pips
RRR = 3-1
I would appreciate if you leave a comment or like as a thank you
Happy FOMC day
Allen
Understanding the balance of a market Note I don't trade Bitcoin but It's interesting how Ichimoku, even thou it was created in the 1930's still applies today. In a market where at the time would of been a lucid dream or believed to not be possible.
This analysis isn't all what Ichimoku "system/philosophy" has to offer but some basics could help you read a market better when trading your own systems.
On a side note I'm looking for traders who have a traditional Ichimoku knowledge (beyond the five lines) to connect with here.
GBPCAD SS Short + 130 Pip PotentialPrice is below the Daily, 60 and 15 KS as well as the cloud. This is a Type 1 trade with a High probability and good RRR.
2 Potential entries (it is one or the other, not both)
Entry = 1.6341
Stop = 1.6361
Risk = 20 pips
Profit target = 1.6211 ( The projected daily low )
Reward = +130
RRR = 6.5 - 1
2nd Entry = 1.6267
Stop = 1.6292
Risk = 25 pips
Profit target =1.6192
Reward = 75
RRR = 3-1
I would appreciate if you leave a comment or like as a thank you
Have a great week !
Allen
AUDUSD Bully Short + 40 Pip PotentialPrice is below the Daily, 60 and 15 KS as well as the cloud. This is a Type 1 trade with a High probability and decent RRR.
2 Potential entries (it is one or the other, not both)
Entry = 0.6916
Stop = 0.6931
Risk = 15 pips
Profit target = 0.6879 ( The projected daily low )
Reward = +37
RRR = 2.4 - 1
2nd Entry = 0.6896
Stop = 0.6916
Risk = 20 pips
Profit target = 0.6856
Reward = + 40 Pips
RRR = 2-1
I would appreciate if you leave a comment or like as a thank you
Have a great week !
Allen