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
Ichimoku_trader
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
GBPUSD SS Short + 92 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 = 1.2405
Stop = 1.2425
Risk = 20 pips
Profit target = 1.2313 (the projected daily low )
Reward = + 92 Pips
RRR = 4.6 - 1
2nd Entry = 1.2355
Stop = 1.2380
Risk = 25 pips
Profit target = 1.2305
Reward = 75
RRR = 3-1
I would appreciate if you leave a comment or like as a thank you
Have a great week !
Allen
EURNZD SS Post News Long Trade + 100 Pip Potential We had a good push up on the Eur pairs on ECB rate decision and Press conference. This pair has now gone into a consolidation between 1.6752 (High) and 1.6698 (Low). Moreover, it is now above the 60 and 15 clouds, as well as the 60 KS and 15 KS
Entry = 1.6699
Stop = 1.6679
Risk = 20 pips
Profit target = 1.6799
Reward = +100 Pips
RRR = 5-1
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 weekend!
Allen
GBPAUD SS Long + 106 Pip PotentialPrice is above the 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 = 1.7865
Stop = 1.7845
Risk = 20 pips
Profit target = 1.7971 ( The projected daily high )
Reward = +106 Pips
RRR = 5.3 - 1
2nd Entry = 1.7925
Stop = 1.7895
Risk = 30 pips
Profit target = 1.8015
Reward = + 90 Pips
RRR = 3-1
I would appreciate if you leave a comment or like as a thank you
Allen
GBPAUD SS Short + 39 Pip PotentialPrice is below the Daily KS and the 15 min Cloud is Flat. There are a lot of wicks creating the top of the Asian Box, this is a sign that the market does not want to go higher. This is a Type 3 trade with a High probability and decent RRR.
Entry = 1.7757
Stop = 1.7777
Risk = 20 pips
Profit target = 1.7718 ( The 60 KS )
Reward = +39 Pips
RRR = 2-1
I would appreciate if you leave a comment or like as a thank you
Have a great weekend!
Allen
GBPNZD SS Short + 76 Pip PotentialPrice is below the Daily and 15 KS as well as the cloud. This is a Type 2 trade with a High probability and good RRR.
Entry = Sell CLOSE below 1.8487
Stop = ??
Risk = 25 pips
Profit target = 1.8409 ( The projected daily low )
Reward = + 76 PIps
RRR = 3-1
I would appreciate if you leave a comment or like as a thank you
Have a great weekend!
Allen
GBPNZD SS + 102 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 = 1.8468
Stop = 1.8488
Risk = 20 pips
Profit target = 1.8366 ( The projected daily low )
Reward = +102 Pips
RRR =5-1
2nd Entry = 1.8436
Stop = 1.8461
Risk = 25 pips
Profit target = 1.8346
Reward = 90 Pips
RRR = 3.6 - 1
I would appreciate if you leave a comment or like as a thank you
Allen
GBPAUD SS Long + 72 Pip PotentialPrice has retraced and is now above the 60 and 15 KS as well as the cloud. I think the retracement will continue. This is a Type 1 trade with a High probability and good RRR.
Entry = 1.7730
Stop = 1.7710
Risk = 20 pips
Profit target = 1.7802 The 60 min Senkou A
Reward = 72 Pips
RRR = 3.6 -1
** Please note the UK CPI will be released at 4:30 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 week !
Allen
100 PUBLISHED TRADES - StatisticsToday I published my 100th trade idea. (this excludes educational idea’s)
Here are the quick Stats:
WINS : 49
Losses: 14
Flat trades: 8
Cancelled Trades: 29
PIPS Won: 2,560
Pips lost: 515
A 3.5 to 1 win to loss ratio
A 4.97 to 1 win to loss Pip ratio
*Cancelled Trades: these are trades that were cancelled prior to entry. It is important to understand that I only want High probability trades with good to Great RRR. If market conditions change after the idea has been posted but prior to being triggered, and it no longer meets that criteria, then I cancel the trade. I believe sitting on the sideline IS a position. Some of these trades would have lost, some would have won but I rather just not be in the market.
I would appreciate if you let me know what you think and a like.
Thanks
Allen
GBPAUD SS Short + 69 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.
Entry = 1.7912
Stop = 1.7932
Risk = 20 pips
Profit target = 1.7843 ( The projected daily low )
Reward = 69 PIps
RRR =3.445 - 1
I would appreciate if you leave a comment or like as a thank you
Have a great week !
Allen
** This is my 100th Posted trade :) I will be do an educational post later with Statistics
GBPAUD SS Short +72 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.
Entry = 1.7962
Stop = 1.7982
Risk = 20 pips
Profit target = 1.7890 ( The projected daily low )
Reward = 72 Pips
RRR = 3.6 -1
I would appreciate if you leave a comment or like as a thank you
Allen
GBPNZD SS Short + 148 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 = 1.8855
Stop = 1.8875
Risk = 20 pips
Profit target = 1.8707 ( The projected daily low )
Reward = 148 Pips
RRR =7.4 -1
2nd Entry = 1.8782
Stop = 1.8907
Risk = 25 pips
Profit target = 1.8707 ( The projected daily low )
Reward = 75 Pips
RRR = 3-1
I would appreciate if you leave a comment or like as a thank you
Allen
GBPJPY Post News Trade Short +100 Pip PotentialWe had a good push down on the JPY pairs on political tension arising and this pair is now over extended. Moreover, it is now below the Daily, 60 and 15 clouds, as well as the Daily KS, 60 KS and 15 KS
Entry = 135.50
Stop = 135.70
Risk = 20 pips
Profit target = 134.50
Reward = 100 Pips
RRR = 5-1
Once this trade is up + 25 pips, move your stop to breakeven and let it run.
GBPAUD SS Long + 99 Pip PotentialPrice is above the 60 and 15 KS as well as the cloud. This is a Type 1 trade with a High probability and good RRR.
Entry = 1.7946
Stop =1.7921
Risk = 25 pips
Profit target = 1.8045 ( The projected daily high )
Reward = 99
RRR = 4-1
I would appreciate if you leave a comment or like as a thank you
Have a great week !
Allen
GBPNZD SS Short + 75 Pip PotentialPrice is below the Daily and 15 KS as well as the cloud. This is a Type 2 trade with a High probability and good RRR.
Entry = close below 1.8858
Stop = ??
Risk = 25 pips
Profit target = 1.8780
Reward = 75 Pips
RRR = 3-1
If you like the idea, please push like and follow me, it motivates me to post ideas more often.
And if you have your own ideas about the market at the moment, share them in the comments, I will be glad to see it.
Have a great week!
Allen
GBPAUD SS Short + 148 Pip PotentialPrice is below the Daily and 60 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 = 1.7925 (60 KS)
Stop = 1.7945
Risk = 20 pips
Profit target = 1.7777 ( The projected daily low )
Reward = 148
RRR =7.4 - 1
2nd Entry = 1.7852
Stop = 1.7882
Risk = 30 pips
Profit target = 1.7762
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