For this setup I'm zooming in on the 1 hour time frame. While this pair remains on a bearish trend overall on the larger time frames, it looks like we will be getting a drawback. Keep in mind that since this setup is technically a drawback right now that it carries a little more risk than a standard trend trade setup, so I will only be risking 1.5% of my capital...
This pair saw a firm rejection at kijun sen last week and I'm looking to try and take advantage of that bearish momentum to get into a short position. I've placed my entry at the body of previous support and price structure, I'm looking for a break of that level to continue the bearish momentum we've seen. I set my TP at the tip of the extended wick we can see on...
Oil has continued it's bullish run up in price despite the fundamentals being very challenging. I am watching for a drawback to previous price structure, where I'll be looking for a good support candle to form to get long and try to take advantage of this bullish run. We will need to keep an eye on the news though as oil is highly speculative. Any news on a new...
For this setup I'm zooming in on the 1 hour time frame. This is a little pre-emptive of a failed support move on the 4 hour. I've placed our entry a few pips below kijun sen on the 4 hour which lines up with an entry below the kumo here. Remember that all ichimoku components tie together, so it is no coincidence that this setup takes place where it is, lining up...
While this pair has been moving sideways we ended the week with a bearish kumo and a bearish TK cross. I am looking for a move back down and out of the kumo to look to take a sell here. My longer term take profit level will only be valid if we can break the price structure I've drawn out in horizontal lines on the charts. I'll also be take partial profit at those...
For this setup we're going to zoom into the 1 hour chart. We've had 4 price structure rejections before falling down below the kumo. We are still holding a price structure floor here, but I've set an entry below that level, so that if we break it, I can get into this sell. I've also drawn out some partial take profit level to aim for on the way down to my longer...
This pair is going to have to develop still but if we get the final confirmations it could still be worth the wait. What are those confirmations? Well there's a few I want to see. I want to see the kumo twist to start with, which looks like we should get here as price has been holding higher and the kumo cloud is starting to thin out. We are in a bullish TK...
This pair got a nice move back up last week before ending up testing tenken sen and the kumo here. We do have an early kumo twist to a bullish cloud and we are currently hold at the top of the kumo which is coinciding with tenken sen support as well which is typically a very strong support level. Both kijun sen and tenken sen have flattened out a bit here...
Last week in the membership we were looking for a good size drawback but this sentiment was invalidated when support held on the daily chart. We are now looking to get into a trend continuation if we can catch a nice bullish breakout of the kumo. In addition to the breakout I also want to see that kumo twist complete and a golden (TK) cross to complete for the...
We saw the Swiss Franc make up some strong ground last week and I am looking for that trend to continue this week. We are pretty far from tenken sen so we may end up getting a drawback to test resistance before trying to make a move further down. I am placing my entry below previous price structure support to the left of current price. If we break that level I'll...
With the economic uncertainty of the trade wars, government shutdown, and tariffs we've seen gold make up some pretty good ground against the dollar. This will be the first major test of support if we get a drop to kijun sen. If we get that drop and show some strong sings of support with a good candle or strong holding of price at that level I will look to get...
Last week fundamentals started to come a little more into play as we saw the Yen try to regain some ground here. We've started to move sideways and I am looking for a break of price structure to coincide with a bearish kumo twist and kumo breakout to look at enter a short position. The trade is setup for my medium term target, but I've also drawn some shorter term...
If you're in the mentor membership this setup will look familiar. We've already capitalized on the move down as you can see from the completed trade on the left. No we'll be looking to capitalize on the move back up. We got a nice little rebound last week and are close to a kumo breakout. I am looking for support to hold at tenken sen to get in a long entry. If we...
We've been on a nice bearish breakout and we've broken previous price structure lows so I am expecting some more bearish movement with this pair. I am setting an entry as a break below our current candle, but as an alternative we can also look for a rise and rejection at tenken sen since we've been holding it so well on this bearish trend. I am targeting the flat...
With the fundamentals at play last week we saw some big movements across most pairs including the kiwi here. Due to how quick it climbed I'm expecting a nice drop to test our previous support level which is where I'm anticipating tenken sen being as well. If we can get that drawback and support hold with a good candle, I'll look to enter there to climb back to our...
Another GBP/CHF trade setup on my list this weekend! We've continued our bullish run with this pair and I am looking for trade it up to our major resistance level where we were rejected previously several weeks ago. Since we are so close to that resistance level I'm wanting to enter on a drawback to help limit risk. I think a breakout trade here just wouldn't...
With this pair we've seen a big move down over all the fundamentals at play with EU and Brexit situations happening in Europe. We are still holding here at tenken sen so I am looking for a technical indication for a chance to get into this bearish trend. There are a couple ways I could approach an entry here but I am going to look to enter on a break below our...
This may look a little confusing but I've added a secondary entry on top of our original entry. We're already 80+ pips in profit from last week's setup, and I confirmed our entry in the trade room as well, so if you're a member you should have some profit rolling if you followed me into this position. There are a couple things to think about this week with this...