EUR/CHF Consolidation Range Trade Ideaf you're in the mentorship group, we caught this trade at the way up and grabbed some profit already. If you look left you'll notice that we're stuck in a consolidation zone where we've been bouncing back and forth. This is a little different than my main Ichimoku strategy but I am looking for the bouncing to continue with a tight stop. My goal is catch the bounce down to the highest lower bounce we've gotten in the past. Please be aware news may change this, but we have a tight stop so I'm good with entering this sell an looking to grab the pips and get out of this one.
Ichimokuchart
USD/CHF Bearish Ichimoku Trade IdeaThis pair has failed to rise back above kijun sen, so I am looking for a continued bearish move downward. This would also play in the the fundamentals of the dollar losing some strength as these interest rates continue to rise. I'm looking to enter here on a dip downward with a nice risk to reward ratio. I will probably close partial if we hit this TP and let the rest run.
WTI Oil Ichimoku Long IdeaFor those of you who have been following me for a while or have been in my free trade room for any period of time, you'll probably know how much I love trading oil. I live in West Texas near the largest oil plays in North America so I have a pretty good pulse with what is happening in that arena. I've been bullish on oil since $25 and even stronger bullish after $40+. I will continue to look for opportunities to buy as oil supply remains limited. We did just have a kumo breakout here and the kumo twist is in the middle of happening. I'm looking to hold a long term swing back up to the $64+ range. I believe based on fundamentals that oil will hit $80+ before the end of 2018. I'll continue to watch and take entries like this one, to hold long term.
USD/CAD Long Ichimoku Trade IdeaWe had a nice bullish breakout last week and with the fall in the price of oil, I am looking for this bullish trend to continue. We've fallen down to just shy of kijun sen. I am looking for this pair to find support there and buy on a rejection, looking to climb to previous highs. If kijun sen does not hold as support then this trade may be invalidated.
EUR/CHF Short Ichimoku Trade IdeaThis pair found its bearish legs again last week and I am looking for that trend to continue. I am watching to enter a sell off a tenken sen rejection. If that happens I'll enter m my sell with a stop loss just above kijun sen. If our bearish confirmations change to bullish, this trade may be invalidated.
USD/CHF Long Ichimoku Trade IdeaThis pair has been moving in the cloud for a while now, and I am looking for a possible buy. To enter I will want to see our bullish confirmations hold and a strong kumo breakout. With the government shutdown news, this may not progress the way I am hoping, but I am keeping an eye on it none the less. If any of our bullish signs change to bearish, then this trade may become invalidated.
NZD/USD Ichimoku Short Trade IdeaThe Kiwi has broke out and below the cloud here. I'm not sure USD will have the strength to keep up this run, but I've laid out a possible trade if the strength does continue. I am looking for a break below a minor level of support around .7266 if we can get below that level then this pair should continue to the downside and test the bigger support/resistance levels. If our bearish confirmations change or we see price rise back to the cloud, this setup may be invalidated.
Gold Long Ichimoku Trade IdeaGold found itself falling back down to support on the daily will all the positive USD news that hit last week. Now that the effects have started to diminish, it is holding at kijun sen. If we can hold support here I will look to enter a long, targeting our previous high of 1362, with a potential second target of 1370. If price fails to hold here, or our bullish confirmations change, this trade may become invalidated.
EUR/USD Ichimoku Long Trade IdeaDespite the crazy bullish news for the USD last week, this pair managed to stay above the cloud. I am watching for a bounce off kijun here to our previous high of 1.2505 as price bounces around in this consolidation zone. All signs currently remain bullish, but any change to those confirmations may invalidate this setup.
AUD/CHF Ichimoku Bearish Trade IdeaThis pair has tried rising and has failed to make it to support. As long as our bearish confirmations hold, I will be looking for a sell entry. I am watching for a break below our current candle targeting close to the low of the long bearish wick we saw last week. If any of our bearish confirmations change, this trade may become invalidated.
EUR/AUD Long Ichimoku Trade IdeaThis pair has fallen down to the cloud and we have a flat kumo that may act as support/resistance. If we find support and get a kumo breakout I'll look to enter a buy position. I am targeting my previous high. as my TP.
If our bullish confirmations don't hold, this trade may be invalidated.
EUR/JPY Long Ichimoku Trade IdeaThis pair has been holding a consolidation zone, and I am looking for breakout of the cloud to look to get in a bullish breakout. Looking at the daily we are also holding support and look set to try and continue the bullish run its been on. If we don't get a bullish kumo breakout, or bearish confirmations hold, then this trade will be invalidated.
GBP/JPY Ichimoku Long Trade IdeaThis pair found support at kijun before the ending the week. I am looking for that support to hold and act as a platform to continue to climb upward. I am targeting the previous high to grab some profit, then let it continue up. If our bullish signs ends, this trade will be invalidated.
EUR/GBP Ichimoku Long Trade Idea - The808Trader.comThis pair was moving sideways in consolidation until the Euro news from last week. Barring any news that could move this pair to the downside, I am expecting this trend to continue. We've had a kumo breakout and now it has fallen to support, but remains bullish overall on this time frame. I am looking for a buy entry and targeting a previous high of .8929 as my TP level.
If any of our bullish confirmation signs change, it may invalidate this trade.
EUR/JPY Ichimoku Long trade idea - The808Trader.comWith the huge Euro movements last week, this pair reversed and accelerated all the way back into the cloud. I am looking for a possible buy entry if my confirmations come for this trend to continue. Ideally Chikou span would rise above previous price, and we would get a future kumo twist to bullish to confirm a trend continuation. If that happens I will enter a buy targeting our previous high of 136.38
If our confirmations remain bearish, I will not enter.
If our confirmation change from bullish to bearish, the trade will be invalidated.
NZD/USD Long Ichimoku Trade Idea - The808Trader.comThis pair has been on a nice bullish breakout and barring bad economic data, I'm expecting this run to continue. I am waiting for a drawback to enter a longer term swing. My entry level is based off support on the daily which is where we may drop to on the 4 hour chart. So, I am looking for an entry around .7173 and I'm targeting a previous high of .7515 as a long term target, with .7348 as my first TP level. If I do enter I'll be setting a stop all the way back at the bottom of the cloud and previous support around .6988
If any of my bullish confirmations change then this trade may be invalidated
Gold Long Ichimoku Trade IdeaGold has had a strong bullish run, and I am looking for that trend to continue. I am looking for a trend continuation to get in a buy soon. I will be targeting a flat area on the cloud from last months previous highs. If any of our bullish confirmations change then the trade will be invalidated. Be careful with lot size on gold, since it takes a lot more margin than a typical pair.
NZD/USD Long Ichimoku Trade IdeaThe kiwi has been on quite the bullish run over the last few weeks and I am looking for that trend to continue. I am waiting for a test of tenken sen to try and enter a buy. I will be placing my stop loss just below kijun. If our bullish confirmations change or price breaks below kijun sen then the trade will be invalidated
EUR/GBP Bullish Ichimoku Trade IdeaThis pair has fallen back into the cloud again, but is holding support. All signs remain bullish currently, with the exception of chikou span. I am looking for price to rise back up out of hte cloud and challenge the previous highs. I will enter a buy upon a breakout, with my stop loss at the previous low. If this pair fails to breakout of the cloud bullishly, or any of our other bullish signs change, the trade will be invalidated.
Daily Trade Plan 2018.01.04 For GBPJPY
It is clear that GBPJPY is going to a down wave. But USDJPY was supported at 112 then return up.
Yesterday only got USDJPY +15pips. No time to confirm GBPJPY so miss the chance to SHORT.
Today still focus GBPUSD and SHORT it.
And USDJPY will be stopped by SPANB with Chikou Line then will LONG it after back in the third wave.
So GBPJPY's resistance is Kijyun and SPANB, then need to confirm the back will be at some average price.
Because the parents are fighting each and going difference way.