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Ichimoku_trader

GBPCAD 500+ pip move potentialGBP has been dominating all week and is, imho, overextended. GBPCAD is now at a Daily Resistance level that has been rejected 3 out of the last 4 times (75%) Need to see compression on the 60 min chart below the resistance level and then a strong bearish candle for entry. Entry = not yet ??? the stop will be 10 pips (+2 for spread above the last swing high) PT = 1.6668 * both sides of this pair have news release that will effect this trade. GBP retail sales at 4:30 est.which is forecasted for -0.8 which can easily be beat and CAD CPI at 8:30 est .Please take this into consideration ** A more aggressive entry can be made if there is either multiple testing of the resistance level or a tight compression below but at it, for at least 8 hrs.
Short
by AGold54
CADCHF Potential homerun tradeThis pair is bearish on both the Monthly and Daily time frames. price is currently compressing below the Daily Senkou A (bottom of the Cloud) this is a very strong resistance level and great place for a small stop loss entry with a profit target of .7066 which is the Daily 1.27 fib extension. first we need the pair to compress slightly below the Senkou A for at least 2 more hours (starting at 1am est. ,we will look for a quick pop back up the Senkou A level for entry) Entry = .7491 Stop = .7511 Risk = 20 pips Profit target = .7066 Reward = 425 pips RRR = 21 - 1 :)
Short
by AGold54
EURAUD 60 min Senkou A ShortThe Monthly and Daily direction is Bearish. The market has retraced, and been rejected at the Daily Senkou A (bottom of the cloud) at 1.5841 I anticipate the market will drop back to the cloud, either the Senkou A (top) or the Senkou B (bottom) and then rally back to retest the Senkou A at 1.5841 2 Potential entries; First, the aggressive entry would be to place sell limit orders at the Senkou A with a 50 pip stop Second, wait for the confirmation of the Cloud breakout trade
Short
by AGold54
6
EURAUD 60 MIn Cloud BreakoutMonthly and Daily Direction is bearish. I anticipate the market will reverse down into the cloud bounce up off the Senkou B (bottom of the cloud) then stall between the Senkou A (top of the cloud) and the resistance level at 1.58600 For the cloud breakout we will need the following; 1. A cloud penetration; 2. A TK cross 3. The Chikou below price 4. A Kumo twist ** You can take the Cloud channel trade (long at the Senkou B) and that is an advanced technique with low risk targeting the Snkou A I will update this post as the market unfolds
Short
by AGold54
2
NZDJPY 60 min Cloud BreakoutThe Monthly and Daily remain bullish Have a text book cloud breakout The only thing I don't like is the time as it is 4 pm est and I prefer not to take trades this late in the US Session, so I will wait for the Asian Session which may provide for a pullback opportunity and/or a smaller stop Entry = 77.95 above the Daily Tenken Sen (Red line) Stop = 77.31 Risk = 64 pis Profit Target = 80.23 (10 pips before the Daily D Ext.) Reward = 228 RRR = 3.5 - 1
Long
by AGold54
2
NZDJPY 60 Cloud Pullback "homerun" tradeAlthough the Monthly and Daily are up, there is, imho, a high probability, low risk pullback trade setting up NZD which has been on a Great Bullish run is showing signs of weakeniing, specifically, on the Daily charts of NZDCHF and NZDUSD both finished yesterday with Doji's GBPNZD and EURNZD were both Spinning tops. NZDJPY had a bearish decision candle, although not an engulfing certainly the strongest of all the pairs against NZD. Their has already been a bearish cloud breakout but with a retracement back into the cloud Trade setup: Entry = 78.14 (the 60 Kejun Sen) Stop = 78.78 (10 pips + 2 for spread above the Senkou A) Risk = 37 pips Profit Target = 76.23 (the Daily Kejun Sen) Reward = 218 pips RRR = 5.8 - 1
Short
by AGold54
10
NZDCAD 60 TF Potential Cloud Bounce or Channel tradeMonthly and Daily Time frames are bullish Have a pullback to the Senkou A (top of the cloud) which is very strong support area. the prior 2 candles 1am and 2am est. were indecision candles unable to push the market down. 2 Potential trades: 1. Cloud Bounce: A. If we get a Bullish engulfing candle off of the cloud we can enter the trade. Entry = approximately = 0.9130 Stop = .9077 (10 pips below the Senkou B - bottom of the cloud) Risk = approximately 53-60 pips Profit target: .9207 (10 pips before the Daily D ext. Blue line on chart) Reward = 77 pips RRR = approximately 1.5 - 1 2. Channel Trade: If price penetrates the cloud, place buy limit orders at the Senkou B (bottom of the cloud) This is a great support level and will provide at the very least a short term bounce back to the top of the cloud or possibly a continuation upto the Daily D ext. Entry = .9087 Stop = .9067 Risk = 20 pips Profit targets: 1st= .9117 RRR = 1.5-1 2nd= .9207 (10 pips before the Daily D ext. blue line on chart) RRR = 6 -1 :) ** depending on the strength of the move up, you may want to move your stop to flat at the first pt. and let it run to the 2nd pt.
Long
by AGold54
2
GBPAUD 60 Min Cloud BreakoutMonthly and Daily Direction is Bearish Have all the requirements for a Cloud breakout: 1. Have A cloud breakout 2. Have a TK cross 3. The Chikou is below price 4. Have a Kumo twist ** increasing this trades probability is the thick cloud and flat Senkou B ** of concern is the up Trend Line Entry = 1.7664 (8 pips below the breakout candle) Stop = 1.7550 (10 pips +2, for spread,above the Senkou A) Risk = 86 pips PT = 1.7206 (10 pips above the 1.618 fib extension)
Short
by AGold54
6
EURNZD 15 Min Potential Cloud breakoutMonthly and Daily Direction is Bearish on the 60 this pair has formed a double top, shown by the Yellow line (unfortunately I can not show, on the 15, the 1st instance of resistance without losing detail) This trade still needs 2 of the 4 requirements, so is at least 90 min away from setting up. Cloud breakout requirements: 1. Cloud Breakout - Still need 2. Have a TK cross :) 3. Chikou is closing below price :) 4. Future Kumo twist - still need ** Additionally, need a close below the daily Tenken Sen (Red line) Entry parameters will be provided once all the Criteria are met
Short
by AGold54
4
EURCAD 60 Cloud BreakoutMonthly direction is down Daily is in the Sell zone All requirements are met for a cloud breakout; 1. Have a cloud breakout 2. Have a TK cross 3. The Chikou is below price 4. Future kumo is bearish 2 Potential entries: First, the breakout entry is 6 pips below the breakout candle (however, since the next candle was a little lower I used that low of 1.4916); Breakout Entry = 1.4910 Stop = 10 pips + 2 for spread above the Senkou B at 1.4965 = 1.4977 Risk = 67 pips Second, Pullback trade: Their is a very strong Resistance level at 1.4956 (blue line) which is a great place to place a limit order Entry = 1.4956 Stop = 1.4977 Risk = 21 pips
Short
by AGold54
2
EURJPY Potential Cloud BreakoutPotential cloud Breakout The Monthly direction is down Pair is in the Sell zone on the Daily and is at major resistance levels Since this trade is several hours away from a set-up I can not provide specific order details That said there is 2 ways to enter this trade: First, on a 60 min close below the Daily Kejun Sen (blue line) Second would be a cloud breakout satisfying all the criteria; 1) a Cloud breakout 2) A TK cross 3) The Chikou is below price 4. A future Kumo twist ** Also the close of the breakout candle must close below the Daily Kejun Sen
Short
by AGold54
CHFJPY 60 Cloud BreakoutMonthly and Daily direction is down and have met a ll the requirements for a Cloud Breakout: 1. Have a break below the Cloud. 2. Have a TK cross 3. The Chikou is below price 4. The future Kumo is bearish 2 Potential entries for this trade: First; The Breakout trade. Entry is 4 pips below the low of the Breakout candle (in this case we have to adjust for round number support) Entry = 112.98 Stop = 113.45 Risk = 47 pips PT = 3xR = 141 pips = 111.57 Second: a Pullback to the 60 Kejun Sen at 113.31 (turquise line on chart) This entry while providing better risk/reward decreases the probability of success. Entry: 113.31 Stop 113.45 Risk = 14 pips PT = 10xR = 140 = 111.91 ** The Blue line on the chart is the Daily Kejun Sen and represents a major Support/Resistance level
Short
by AGold54