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Ichimoku Cloud

EUR/USD Ichimoku Long Term ShortThis pair formed a lower high last week before finally crashing through the kumo and closing below it. We are on the verge of a bearish kumo twist, and chikou span is below price with plenty of room down below. I am watching for a break of this recent price structure at the bearish breakout we had to enter my short position. We're at an interesting place here considering how long of a bullish run this pair has been on. It's left plenty of room to the downside should the dollar decide to fight back a little. I've drawn this out as a very long term trade with multiple partial take profit levels to aim for along the way. If we fail to break below price structure support or if our bearish confirmations change, this setup may become invalidated.
Short
by The808Trader
1
Ichimoku Cloud bullish breakout 1D TFI wish i had time Friday to scan for this. This is a classic ichimoku bullish breakout. If you dont know much about Ichimoko I highly suggest you learn it as it will increase your trading consistency. Note that I am using Heikin Ashi candles to eliminate noise during the breakout. Very important!!! Here is the breakdown of what is needed for a Kumo cloud breakout. 1) Lagging span crosses cloud 2) Conversion line (blue) crosses base line (red) previous to price breaking the cloud 3) price CLOSES above the cloud 4) span A (green line) crosses above span B (red line) this stock meets all criteria. I will be buying heavily on short term call options on this on Monday and a light position on longer term call options (sept expire) My predictions: 1) Most likely: Continued above average volume. prices increases greater than the ATR. 2) What may happen: price may pull back a little but see resistance of the on the blue conversion line at lower time frames (ie 4H) 3) Worst case: Price closes below the 13 SMA on the 1 day chart. SELL. you will notice that the stock has been consolidating since about 6/23 and has broken the upper resistance and trended higher. So what not buy on the break of resistance???? Simple, False breakouts. Ichimoku is the near fail safe to save you from buying into a false breakout and losing money and i only buy breakouts upon confirmation.... 100% confirmation of the 4 principles above for buying a break out. Sure you dont catch all of the run, but the odds are very high in your favor for a nice return. So when will i sell the options?? 1) If the price rises like mad and pulls drastically away and above the 1D 13 SMA. (~10% above 13 SMA) 2) when price closes below the 13 SMA on the 1d Chart. I'm out
RLong
by ebred
1
GBP/CHF Major Ichimoku Short Opportunity We've been playing around this price awhile now and seem to be pushing back down to test this level one more. If we can break and hold below this price structure level we should get a much further push down. This may happen pretty quick after market open so we'll need to watch it closely. I've drawn out multiple targets on the way to my overall target at a previous kumo twist. If we fail to break lower or if our bearish confirmations change, this setup may become invalidated. 
Short
by The808Trader
NZD/USD Kiwi Shorts - Ichimoku Price Structure SellThe Kiwi has been pushing lower pretty easily since our initial kumo breakout. We are in the middle of a bearish engulfing candle and approaching previous price structure support. If we can break that support then it will confirm our short bias. I've drawn out a couple targets I'll be aiming for. I don't always make this clear, but I wanted to make sure everyone following my analysis knows that I leave some of my position running even past my targets until I see my confirmations change. This is one simple tip you can use to give yourself a slight edge over time if you're a trend trader. If we fail to break and hold below support at the entry I've drawn, then this setup may become invalidated.
Short
by The808Trader
USD/JPY Price Structure Breakout SetupThis pair is attempting to start a bullish trend but has been struggling to break through the price structure we can see just left of where price is currently at. It failed to break through the kumo there in the past so I really want to see that level broken to consider a long. Typically when we do break through a level like that we will see a push up and through, then come back down to test it as support. We can look for entries based on which style traders are more comfortable with. I've drawn out some partial take profit levels on the way to my overall target. If we fail to break and hold above the entry line I've drawn, then this setup may become invalidated.
Long
by The808Trader
GBP/CHF Bearish BreakoutThis pair shot up a bit last week but since then has been forming lower highs. I am looking for a bearish kumo breakout to coincide with a bearish kumo twist to confirm that it is time to try and push back lower as people rush back to safe havens like the Swiss Frank. I've drawn out some partial take profit levels on the way to my overall target. If we fail to maintain bearish confirmations, or if we fail to break down and hold below the kumo, this setup may become invalidated.
Short
by The808Trader
EUR/USD Long Term Swing TradeThis is a bit of a preemptive look at EUR/USD ahead of a potential bearish move. We are close to a bearish Kumo Twist and chikou span is trying to get below price. I am looking for a bearish kumo breakout as my last confirmation to get short. We have a very long term target I'm looking at but I've drawn out several levels to take partial profit or look to add to the position. It will be interesting to see how this progresses with the effect from Covid-19 and the hits taken by the economy around the world. When considering most of the worlds currency is pegged to the dollar it would make sense that despite the loss of jobs in the US from business closures during this time, it makes sense that the dollar will eventually strengthen again. If we fail to get our bearish breakout, or if our bearish confirmations change, this setup may become invalidated.
Short
by The808Trader
What does Ichimoku tell us about AAPL right now?If we look at AAPL a different way, again - looking at only the technicals - we see the 4 rules of Ichimoku are telling us that this stock is currently: Bullish. That being said, there are some red flags popping up that I have also labeled. We could nit pick a couple more, but I ran out of room and wanted to keep this as simple as possible. 4 Rules: 1) Price in relation to Cloud: Price is Above Cloud = Bullish 2) Tenkan-sen in relation to Kijun-sen: Tenkan-sen above Kijun-sen = Bullish 3) Relationship of Chikou to Price: Chikou is Well Above Price = Bullish 4) Senkou A in relation to Senkou B: Senkou A is over Senkou B = Bullish Warnings: 1) Price has crossed paths with Tenkan-sen - Signifying either a Major Pullback, or a Trend Reversal: The price has crossed over the Tenkan-sen line - this is a major red flag! We look closer, and find the price never surpassed down to, or through the Cloud. So this means this is a Major Pullback, but not a Trend Reversal. Looking to the futhure, we see the price that has crossed this line, has also crossed below Senkou B - Signifying an entry point we want to stay AWAY from. So we draw a line at this spot, count the number of bars that consolidated at this point, and we will set an alert here. 2) The Cloud itself is thinning. A thinning cloud leads to a higher probability of a Trend Reversal. As we just had price hitting Tenkan-sen, we will start watching Candlestick patterns for signs of Reversals. In one of my other posts, we already identified the 2 Candlestick pattern from Today and Yesterday, as a Bearish Harami. This is significant, and normally a sign of a reversal. We must look for 1 more Candlestick to confirm! Thanks!
NASDAQ:AAPL
by Shwayze
1
Who's the winner right now in crypto?So every cryptocurrency, having taken on the mutual correlation that Dow Theory predicts, is trying to recover its price from the recent big drop. I'm using Ichimoku on the 1 hour charts to gauge the strengths of BTCUSD, ETHUSD, BCHUSD, and XTZUSD. Ethereum is winning in absolute percent gains off the low but very close behind are Tezos and Bitcoin Cash. Clearly Bitcoin is now the lagger. In terms of relative price action Tezos is the first to break it's pre-crash high with Ethereum coming closer. Alt season much? This might be what everyone has been waiting (years) for...
KRAKEN:XTZUSD
by norok
2
Late game FOMO buyers crushedMy target for the hedge 11900 was a bit off... 1.6%... I'll endeavor to do better next time :D I liked the play out of "reducing volatility" with a hedge. (See last Idea) A 20% hedge saved a drop of -8% by reducing it to -6% off the high's gains. I think that big drop killed a lot of the late-day FOMO buyers... their spirits crushed... may be hesitant to go all in again. If BTC continues up it will be a slower, longer term and we won't see another moonshot parabolic this run.
BITFINEX:BTCUSD
by norok