prices beneath the cloud & lagging span breaks through the cloudThat's what I see for the moment. This chart is telling everything.
Cheers
Ichimoku_trader
GBPCHF SS Short + 60 Pip PotentialPrice is below the Daily and the 15 KS as well as the cloud, but above the 60 KS. This is a Type 2 trade with a High probability and good RRR.
Entry = enter short on a CLOSE, not a penetration, below the 60 KS at 1.25932
Stop = approx 1.2610
Risk = 20 pips
Profit target = 1.2530 ( The projected daily low )
Reward = 60 Pips
RRR = 3-1
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 = 1.2641
Stop =1.2661
Risk = 20 pips
Profit target = 1.2551
Reward = 90 Pips
RRR = 4.5 -1
2nd Entry = 1.2608
Stop =1.2638
Risk = 30 pips
Profit target = 1.2551
Reward = 57 Pips
RRR = 2-1
GBPJPY SS Short + 87 Pip PotentialWe have several good Type 1 Trades on the GBP pairs today. This is the First:
Price is below the Daily, 60 and 15 KS as well as the cloud. This is a Type1 trade with a High probability and good RRR.
2 Potential entries (it is one or the other, not both)
Entry = 136.99
Stop =137.19
Risk = 20 pips
Profit target = 136.12( The projected daily low )
Reward = 87 Pips
RRR = 4.35 - 1
2nd Entry = 136.55
Stop = 136.85
Risk = 30 pips
Profit target = 135.65
Reward = 90 Pips
RRR = 3-1
GBPAUD 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 = 1.8220
Stop =1.8240
Risk = 20 pips
Profit target = 1.8130
Reward = 90 Pips
RRR =4.5-1
2nd Entry = 1.8170
Stop = 1.8205
Risk = 35 pips
Profit target = 1.8080
Reward = 90 Pips
RRR = 3-1
GBPAUD SS Short + 78 Pip PotentialThis pair has been in a slow downward grind all week. it is due to explode.
Price 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 = 1.8249
Stop = 1.8269
Risk = 20 pips
Profit target = 1.8171 ( The projected daily low )
Reward = 78 Pips
RRR = 3.9 -1
2nd Entry = 1.8209
Stop = 1.8239
Risk = 30 pips
Profit target = 1.8119
Reward = 90 Pips
RRR = 3-1
GBPAUD SS Short + 107 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 = 1.8283
Stop = 1.8303
Risk = 20 pips
Profit target = 1.8176 ( The projected daily low )
Reward = 107
RRR = 5.35 -1
2nd Entry = 1.8251
Stop = 1.8281
Risk = 30 pips
Profit target = 1.8176 ( The projected daily low )
Reward = 75
RRR = 2.5 - 1
GBPAUD SS Short + 114 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 = 1.8318
Stop = 1.8338
Risk = 20 pips
Profit target = 1.8204 ( The projected daily low )
Reward = 114 Pips
RRR = 5.7 -1
2nd Entry = 1.8277
Stop = 1.8307
Risk = 30 pips
Profit target = 1.8204 ( The projected daily )
Reward = 73 Pips
RRR = 2.4 -1
GBPAUD SS MA Trade + 60 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 = 1.8338 (The Daily Senkou A)
Stop = 1.8358
Risk = 20 pips
Profit target = 1.8278
Reward = + 60 Pips
RRR = 3-1
** Once this trade is up + 25 pips, move your stop to breakeven and let it run
GBPJPY SS Short + 94 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 = 139.54
Stop = 139.74
Risk = 20 pips
Profit target = 138.60 ( The projected daily low )
Reward = +94 Pips
RRR = 4.7-1
2nd Entry = 139.25
Stop = 139.55
Risk = 30 pips
Profit target = 138.60 ( The projected daily low )
Reward = + 65 Pips
RRR = 2.1 -1
GBPUSD SS Short + 68 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 = 1.2657
Stop = 1.2677
Risk = 20 pips
Profit target =1.2587 ( The projected daily low )
Reward = 68 + Pips
RRR = 3.4 -1
2nd Entry = 1.2629
Stop = 1.2649
Risk = 20 pips
Profit target = 1.2587 ( The projected daily low )
Reward = 42 + Pips
RRR = 2.1 -1
GBPJPY SS Short + 104 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 = 140.69 (60 KS)
Stop = 140.89
Risk = 20 pips
Profit target = 139.65 ( The projected daily low )
Reward = 104
RRR =5.2-1
2nd Entry = 140.25
Stop = 140.55
Risk = 30 pips
Profit target = 139.65 ( The projected daily low )
Reward = 60
RRR = 2-1
GBPAUD News Trade + 100 Pip PotentialWe had a good push up on the GBP pairs on Surprise Brexit news and this pair has now gone into a consolidation between 1.85311 (High) and 1.85076 (Low). Moreover, it is now Above the Daily 60 and 15 clouds, as well as the Daily KS, 60 KS and 15 KS
Entry = 1.8509
Stop = 1.8489
Risk = 20 pips
Profit target = 1.8609
Reward = 100 Pips
RRR = 5-1
GBPCAD MA Short + 52 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 1.7058
Stop = 1.7078
Risk = 20 pips
Profit target = 1.7006
Reward = +50
RRR = 2.5-1
** Once this trade is up + 25 pips, move your stop to breakeven and let it run :)
GBPAUD SS Short + 101 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 = 1.84710 (the Daily Senkou A)
Stop = 1.84910
Risk = 20 pips
Profit target = 1.8370 ( The Daily Senkou B)
Reward = + 101
RRR = 5-1
GBPCAD SS Short + 107 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 = 1.7127
Stop = 1.7147
Risk = 20 pips
Profit target = 1.7020 ( The projected daily low )
Reward = + 107
RRR = 5.35 -1
Wait for the Easy Set-ups and the purpose of Trading I often have traders ask me, how can I get alot of trades? And my response is that is the wrong question, the purpose of trading is to make Money, Period. It is, imho, to make as much money as you can in as few trades and in as little of time as possible. Although I have several methods of trading, the SS MA method, shown here is my absolute favorite. It has an 87% success rate with a healthy 3-1 RRR.
That said, I often ask those same traders "If you could consistently make 6-12% per week but could only take 2 trades, would you do it?" The answers are surprising as again, imho, anybody that says anything but yes really needs to rethink why they are trading. You should not be trading for the excitement, you should not be trading just to hit buttons. You should be trading so you can sit on a beach with the cocktail of your choice in hand.
to that end, I would implore you to come up with your best trading methodology and trade only that. As I have prominently posted between my monitors, as a reminder to myself "Wait for the easy set-ups and don't do anything stupid in the mean time" :)
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 = 1.2962
Stop = 1.2982
Risk = 20 pips
Profit target = 1.2872 ( The projected daily low )
Reward = +90 Pips
RRR = 4.5-1
2nd Entry = 1.2937
Stop =1.2967
Risk = 30 pips
Profit target = 1.2872 ( The projected daily low )
Reward = 65
RRR = 2.1 -1
GBPCAD SS Short + 103 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 = 1.7274
Stop = 1.7294
Risk = 20 pips
Profit target = 1.7171 ( The projected daily low )
Reward = + 103
RRR = 5-1
2nd Entry = 1.7250
Stop = 1.7280
Risk = 30 pips
Profit target = 1.7171 ( The projected daily low )
Reward = + 79
RRR =2.6 - 1
GBPAUD MA Short + 83 Pip PotentialAlthough I am not keen on taking trades as the London session is coming to a close, I think we can take advantage of a pullback after this morning strong move down.
Entry = 1.8577
Stop = 1.8597
Risk = 20 pips
Profit target = 1.8494 The projected Daily KS and Senkou A confluence
Reward = + 83
RRR = 4-1
** for my Peeps from Apiary be aware, and take the appropriate precautions, that the spreads will widen significantly between 4pm est and 7pm est., If you take this trade make to account for it by widening your stop during that time and account for the risk protocols.
GBPCHF Potential Homerun LongGBP has been weak for several days and CHF Strong. this pair has now formed a triple bottom with compression at 1.3099. Although the cloud remains thick, it is flattening. There is a high probability that this pair can explode up to The Daily Senkou A at 1.3109 (the Green line)
Entry = 1.30115 (accouting for spread)
Stop =1.29915
Risk = 20 pips
Profit target = 1.3109 ( The Daily Senkou A )
Reward = 98
RRR = 4.9 -1
GBPAUD SS Sell + 128 Pip PotnetialPrice is below 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 = 1.8672 (60 KS)
Stop = 1.8692
Risk = 20 pips
Profit target = 1.8544 ( The projected daily low )
Reward = 128
RRR = 6.4 -1
2nd Entry = 1.8617
Stop = 1.8637
Risk = 30 pips
Profit target = 1.8544 ( The projected daily low )
Reward = 73 Pips
RRR = 2.4 -1
