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Ichimoku_trader

Daily Trade Plan 2017.12.22 For GBPJPYHad a SHORT even +25pips but now is -10pips because it is not arrived my expert target SPANB. So keep this order still target to SPANB. In H1, there is DEADCROSS after GOLDCROSS then DEADCROSS again, and SPAN NEJIRE(CROSS) doesnt displayed, so it isnot clear. Then watch USDJPY. USDJPY passed number 17 continue is number 26.We need be carful at number 25 just with SPAN CROSS. Now candle is out of the cloud, and Chikou line is broken of price so Kouten is coming then expert N wave. If go to N cauclate value there will be NewYear's present. So USDJPY still keep LONG. No matter, It will be last trade day in this year. Holiday is coming, we did so hard and need enjoy happt time with our famliy. And brothers, Merry Chrismas and Happy new year. Wish you get more and more in next year. 2018 is nice number for Chinese.
by AveeSun
2
EUR/JPY Long Ichimoku Trade IdeaThis pair had a clean bullish breakout to end the week last week. You can see on the edge of the screen though that we haven't gotten a bullish kumo twist yet and we've gotten pretty far from tenken sen. I am expecting a drawback to test support (probably to tenken sen) where I will look for a buy if our future kumo twist happens. I will also keep an eye on the bullish confirmations, if they change then I will look to exit the trade if I'm already in it, or wait to enter if I haven't bought in yet.
Long
by The808Trader
Should You Buy or Sell? How to Tell in 60 Seconds!You can try this right now. This works on any timeframe with any deeply liquid market. All major and Yen-cross currency pairs, stocks, bonds, futures, etc. Let Ichimoku Kinko Hyo lead the way! Try this yourself right now. Always Start with the Cloud 1. Open a EURUSD 4-Hour Chart. 2. Click Indicators. Search for the Ichimoku Cloud indicator, and add it to your chart. 3. Look at current price. 4. If price is ABOVE the CLOUD, this indicates BULLISH momentum. You should be looking for opportunities to BUY. 5. If price is BELOW the CLOUD, this indicates BEARISH momentum. You should be looking for opportunities to SELL. CAUTION: Never execute any trade based solely in any single data point. However, using Ichimoku Kinko Hyo as a momentum filter has been proven highly reliable in over 70 years of trading in real markets. Ichimoku gives you an accurate, real-time, objective, data-driven method to determine whether you should be looking to buy or sell an instrument on your chosen time frame. Once you learn the full Ichimoku system, you can use it to enter and exit real trades with high probability of continuation. Why This Works The Efficient Markets Hypothesis (EMH) has not been proven wrong. This means that the price you see on any chart for any given instrument is the 'correct' price at that moment. Modern markets are highly efficient. All available information, all order flow from every corner of the world in any liquidity pool is automatically priced-in by the market participants. This means that there is zero chance that a trader will ever be able to 'out-research' or out-algo' the market at large. This means that there is no edge to be had by trying to predict when a market is 'overbought' - priced too high, or 'oversold' - priced too low. There is no 'overbought' or 'oversold' condition that can exist in real time, i.e.; There is no way to arbitrage price differentials across markets. The Edge However, what is also true about the EMH is that it does not account for a very real phenomenon observed in all open markets. That phenomenon is called 'Momentum.' Momentum is sometimes defined as a sustained rate of change in price, in a specified direction (up or down), over a specified period of time. Trends cannot exist without Momentum. Trend is really another term for Momentum, a series of higher highs and higher lows over a specified period of time. Volatility is also a component of momentum, in that Volatility is the magnitude of price change over a specified period of time. The EMH has never been able to account for the phenomenon of Momentum. What is objectively true, and what has been measured scientifically for decades now, is that Momentum is very real. Momentum seems to reflect the natural tendency in organic multi-factor systems for the actions and reactions of the constituent members of the system to compound over time. The effect of this compounding factor is that one observes periods in markets when price seems to drum along quietly without any real change, then price moves higher or falls lower, and sustains this vector of movement in linear waves over time. This phenomenon of momentum exhibits in fractal manner on all time frames, in all open and free markets. Even liquidity pools that are only open to high-frequency algorithmic systems for order execution and clearing, where no human beings are involved in any way when trades are executed, exhibit the same phenomenon of Momentum. An Ichimoku view of a Hi-Freq millisecond chart looks the same as a 4-hour chart, or a Daily chart, in that the wave forms look similar. This fact likely means that no matter how sophisticated a trading system becomes, no matter how much data can be analyzed in nanoseconds of time, no matter how fast adaptive self-morphic AI neural net systems become, none shall be able to surmount the temporal barricade of uncertainty to predict the future.
by mbauerfx
Sell USOILCrude Oil is at Support. Though we see a Rejection at the Support the current strength of Trend is more to the negative side. We got the Kumo Breakout and Market has already broken second bearish fractal which shows the signs of bearishness. Based Elements theory the Trend is biased based on TK Cross. So though Crude is at Support right now. I expect it to fall more to reach the Target level. The Stop loss is bit on higher side since market has tendency to move up and hit KS. Good Stop is above Bullish fractal. If we break bull fractal then Market structure will break and it won't be bearish. Good Luck and God Bless
FX:USOILShort
by AvinashMudaliar
XAG USD trade fractal bounceLooking at this chart we try to understand market structure based off waves and fractals. Ichimoku signs show bearishness no doubt about it. However, at level B a pullback came up based on an overextended market as it was quite far away from Kijun. The big move we were expecting was back to the downside, so previous daily candle show a nice rejection in fractal zone. If we go down to H4 we took the trade after the first bear fractal break. If we use Fibonacci extension tool, our first target is set on 16.132. I will update this trade later on once it goes forward.
FX_IDC:XAGUSDShort
by Fractal-Trader
Gold Closes Higher in Wake of Fed Rate HikeGold closed 6.6 points higher in the first full day of trading after the Fed announced a new interest rate hike. Price closed above many of the moving averages, including the 6, 8 50 and 100. It also closed above the 21 week moving average. In addition, as I called out yesterday, price did tag the 21 day moving average as was expected after the close above the 6 day moving average yesterday. However, price was not able to close above the 21 day and this is keeping me from being 100% certain of this bull move. However, I am long and I do expect that price will move up and tag the upper bollinger band. Also notice that the signal line on the stochastic indicator at the bottom of the chart is now above the 20 line and has crossed over the slow line. And also crossing is the 50 over the 100 day moving average. Lots of indication that a bull move is now starting. The Heikin-Ashi view shows that we have completed 2 green days now and Friday starts with another strong green candle. Price did touch that POC on the short and intermediate term Volume Profiles. Let's see if Gold can overcome that resistance level and roll above it. Finally tonight I'd like to look at the dollar index. We now have a solid Heikin-Ashi candle under the Ichimoku cloud and right at the lower Bollinger Band. If the dollar index can continue to moving lower, look at the 200 day moving average (blue line) below at 98.35 as a target. That would be good indeed for the Gold bulls. Disclaimer: This post is for educational purposes only. Trade at your own risk.
COMEX:GCJ2017Long
by GoldBands
Fed Raises Rates and Gold Rises in TurnThe Fed today announced an increase in the Fed rate. This was not a surprise. What was surprising is the Gold rally that followed. In fact, Gold blasted through all resistance levels, including the 6 and 8 day moving averages, the 50 day moving average and the 21 weekly moving average. The Heikin-Ashi chart also shows a dramatic change of direction (see below) Now the question is where is Gold going. First, when price breaks the 6 day moving average, statistically speaking, there is a high probability will price will hit the 21 day moving average. Right now, that's at ~1230. My next target would be the top Bollinger Band. That's currently at 1265. This is what I call a coast to coast trade. After that, well, we'll evaluate that in the days to come. The last chart tonight is the Volume Profile chart. Notice that the short and intermediate term POC is at 1230. This will act like a magnet to price and makes another good target. Disclaimer: This post is for educational purposes only. Trade at your own risk.
COMEX:GCJ2017Long
by GoldBands
Natural Gas Closed Under the 6 Day Moving AverageNatural Gas fell today in trading to end the day under the 6 day moving average. This could be the first sign that the bull move over the last 2 weeks is over. With price closing right at the 8 day moving average and the top of the Ichimoku Cloud, we also had the first red Heikin-Ashi candle in 9 days. My strategy calls for waiting for a close under the 8 day moving average before I go short. Disclaimer: This post is for educational purposes only. Trade at your own risk.
NYMEX:NGJ2017
by GoldBands
Gold moves sideways in Prelude to Fed MeetingAs the United States and the rest of the world wait to hear if the Fed will raise interest rates tomorrow at 2:00 pm EST, Gold continued moving sideways right at the 1200 price level. Price did remain under the 6 day moving average and under all other significant moving averages as I have been pointing out this last week. In addition, we have now finished our 10th red Heikin-Ashi candle in a row. So while the bear run is still intact, anything can happen tomorrow. On the volume profile, we are still waiting to see if price will go back and fill in the area at the low volume node around 1190. Volatility will probably return tomorrow and move the needle on Gold to set up the next run. Stay tuned and good luck trading. Disclaimer: This post is for educational purposes only. Trade at your own risk.
COMEX:GCJ2017Short
by GoldBands
Gold Moves Sideways in Light TradingAs the Fed meeting is scheduled for this coming Wednesday, trading was very light today for the precious metal. Price hovered just above the 1200 mark after hitting a high of 1210.9. That price level coincided with the 6 day moving average as well as the 21 weekly moving average. You can see those levels on the chart as the purple cross and gold dot respectively. Until price closes above the 6 day moving average, I will maintain my short positions. Note that Monday was the 9th red Heikin-Ashi candle. As I had written about last Thursday, there's a low volume node on the volume profile at 1190 and that's where Gold had traded to on Friday. That's still a level of interest. Watch how much support it provides if and when price gets back down to that level. Disclaimer: This post is for educational purposes only. Trade at your own risk.
COMEX:GCJ2017Short
by GoldBands
Gold Keeps Falling, Breaks Below 1200Gold slowly consolidated today after selling off 5 points at the start of the overnight session. Then at the end of the day, price fell through the magical 1200 level (magical only because it's a nice round number :-) ). We now await the non-farm payroll numbers tomorrow at 8:30 am EST. If the ADP numbers yesterday are an indication, this number may beat the 200k forecasted. There are now 6 consecutive Heikin-Ashi candles (see my indicator at bottom of chart) and price has solidly moved past all moving averages and the Ichimoku Cloud. There are 2 key support levels coming up. The first is at 1190 which is a low volume node on the Volue Profile chart (see below). The second is @ 1177.5, which is the 23% fib retracement from the election night high. This also corresponds to another low volume node at 1170 on the volume profile. Disclaimer: This post is for information purposes only. All trading is at your own risk.
COMEX:GCJ2017
by GoldBands
Natural Gas Closes at the 21 Day Moving AverageNatural Gas moved up today, completing the closing of the Gap from Sunday night. Trading right at the 21 day moving average, there are mixed technical signals of its next move. Green on the Heikin-Ashi and a rising Stochastics are bullish but trading at the top of the 4 day range and in the middle of the Ichimoku cloud are Neutral at best. Also, the weekly chart below shows that price has closed a gap from 3 weeks ago. Overall, I remain flat until further confirmation. Disclaimer: this post is for educational purposes only. Trading is at your own risk.
NYMEX:NGJ2017
by GoldBands
Support Levels Fail to Contain Gold's DeclineGold closed the day at 1208.1, down 7.5 points. As I called out in last night's post, there were 4 levels of support today that could have stopped Gold's decline. However, as a continued sign that the bear move is well underway, none of those levels held. To remind you, those levels were: Gold Support Levels Lower Bollinger Band - 1214.70 21 Week Moving Average - 1212.80 50 Day Moving Average - 1210.70 38% Fib from Election Day High - 1209.30 With the Fed meeting a week away, it looks like "Sell the rumor, Buy the news" is in full swing. Notice that on last Wednesday and Friday there was strong buying off the lows to end both of days at the top of the daily range and that each day was followed by strong selling days that closed at the low of the day. Now, for the last 2 days, there hasn't been any pretense from buyers that they are trying to buy up the market. On the Volume Profile chart, it definitely looks like price is heading to the low volume node at 1190. As I mentioned in my post this morning, my first profit target at 1209 was hit and I closed some of my current position. Disclaimer: This post is for educational purposes only. Trade at your own risk.
COMEX:GCJ2017
by GoldBands
Gold Continues Moving Lower and Peaks through Bottom of CloudGold closed down 9.8 points today and poked through the bottom of the Ichimoku cloud. There is a lot of support at this level though so we need to see if price will hold here or will the bear move continue. Of note is that Wednesday opens with the 6th consecutive day of red Heikin-Ashi candles. Support Levels Lower Bollinger Band - 1214.70 50 Day Moving Average - 1210.70 21 Week Moving Average - 1212.80 38% Fib from Election Day High - 1209.30 While its too early to predict where the bottom of this move might be, let's keep our eyes on the .272 fib extension off the Election Night high to the December low. The volume profile is showing a low volume node at 1190. That would be a good short term target if price continues to move lower. Disclaimer: This post is for educational purposes only. Trading is at your own risk.
COMEX:GCJ2017
by GoldBands
Gold Closes Below Moving AveragesOn Friday, Gold closed below the 6, 8 and 21 day moving averages to descend into the Ichimolu cloud for the first time since the end of January. The support at 1222 held up but the buying was not strong enough to force price back above the 21 day moving average. The close below the 8 day moving average the day before generated a Sell signal in my strategy and I am now long. I will talk about targets and where this bear move might be heading later in the week. Also note that I have written a new indicator that plots the Heikin Ashi bar color on the bottom of the chart. As you can see, there were 3 red Heikin Ashi candles to end last week. Before those 3, there was a yellow Heikin Ashi candle which I have coded to show Heikin Ashi dojis. Looking at the weekly chart, we can see that last week broke the trend of 4 consecutive up weeks. Not only was last week a down week, the candle is an outside candle signaling that a change in direction is about to happen. It is worth noting though that while price closed well within the Ichimoku cloud, it did close above the 21 weekly period moving average and that there has not yet been a change of color on the Heikin Ashi candles. This will have to change before we can definitively say that the bull run is 'officially' over. On the volume profile chart, you can see that price tried to move higher up the profile but then came back down and ended last week right at the long term POC. The next few days should confirm whether or not price will be moving below the POC or not. Disclaimer: This post is for educational purposed only and does not constitute trading advice. All trades you take are at your own risk.
COMEX:GCJ2017Short
by GoldBands
Ichimoku PaintbarI very much like the Ichimoku approach but don't like all the lines on the chart so usually only use the Clouds. Here is one way to keep track of one aspect of the Ichi method without the chart clutter, namely these paint bars calculated as follows: The 9 bar donchian > 26 bar donchian = up color; The 9 bar donchian < 26 bar donchian = down color; The 9 bar donchian == 26 bar donchian = neutral color. I have included notes about how to put it on a chart in the code; basically I recommend using hollow candles without borders. On the attached chart I have the Ichimoku Clouds along with the vwap. I find this makes a very clean chart with quite a bit of information, especially when the messages conflict or converge. To tell the truth, I still prefer to just work with the clouds for support / resistance guidelines, but these paintbars are a nifty way of including more information without cluttering up the chart. Enjoy. PS I just realised I published this as an idea instead of as a script. Will go do that now.
CME_MINI:ES1!
by AshHowes