I know a lot of my recent setups have been on the swing trading side of things so for this one I'm going to look for a little shorter of a move. This pair has fallen down to kijun sen and is holding support there currently. I am looking for a move back up to grab some brief profit. It's worth noting that I am setting my TP at a level that I see us forming a lower...
This setup will probably be a little bit slower to complete if we do indeed get the move back up to the levels I want to see. We are still recovering after the flash cash so price is still trying to stabilize. It is still a little early to tell but it looks like we may have finally found some solid ground. We have the kumo breakout and bullish kumo twist, but I...
The Pound has been slowly regaining some ground against the USD amidst Brexit and concerns over the US Government shutdown that is still in effect. Since the big move up we have been holding support while forming higher highs and higher lows. Adding to this the ichimoku confirmations that we currently have, I currently have a bias to the upside. I am looking for...
This is going to be a zone play, which is outside our typical ichimoku setups. When pairs stop trending it gets a little harder to trade with ichimoku unless you are on a really small time frame, so instead we'll be look to trade the consolidation zone. I am watching for a rise back p to the top of this zone, and a good rejection candle there to take a short. I've...
We had a big move down after the flash crash but this bearish momentum has continued to hold sway. Based on how fast we moved last week we will probably get a drawback first, but I am looking for a strong bearish breakout to stay below the kumo and break the support line I've drawn for entry. I've drawn several targets including my long term one as our final...
Oil finally found some footing after supply was cut. There is still some lingering doubt whether more cuts will be made or not, but for now we are on the bullish side of the kumo. We had a bullish kumo twist, a bullish TK cross, and chikou span is above price. I am looking for a drop to tenken sen for a buy entry. I want to see a good support candle form there to...
This pair has held support but I am still watching for a break of resistance to enter a short term buy trade. I've drawn out my entry and TP lines on the chart. If you notice for the setup on this one, I'm actually placing my TP and SL slightly off of my lines to get things a little room to breathe since this is such a tight trade. As soon as we break into that...
We got a bullish kumo breakout and twist towards the end of last week with this pair. I am now watching for a tenken sen bounce trade entry for a chance to get long. I want to see a good drop to tenken sen and support hold to help confirm the bullish bias we're seeing right now. I set my TP at a previous resistance level if you look left of where price is at...
Oil has fallen along way since our rise to $70. We are now holding in consolidation going sideways. I am waiting for an entry into a possible long term swing trade back to the upside. Fundamentally OPEC will probably cut supply again soon which will raise prices. This will coincide with a breaking of the resistance line I drew at our entry level. As soon as we...
We got a big bearish move last week followed by a drawback and textbook tenken sen bounce trade. I am looking to hop on that trend with a move further to the downside. I've placed my entry below the candle of previous support and I've set my TP at an area of past support if you look left of current price. It may push on from there so I will only close partial...
We finally got a break below support in the channel we had been following for a while and now I am looking to take advantage of the bearish sentiment we're seeing. I'm going to use a move below our current candle as an entry with my TP at a previous major level of resistance to the left of current price. As an alternative I may wait for a rise and rejection at...
With the upcoming Brexit vote on Tuesday I am once again expecting some GBP uncertainty. In order to take advantage of this uncertainty I'll be looking for a sell to break the current trend line I drew for entry. This should also coincide with a bearish kumo twist and bearish TK cross if this move down does happen. If we fail to break to the trend line or get...
We've been on a good bearish run with this pair and I'm looking for a chance to hop on the train as it continues to fall. I am looking for a little lower movement to act as a trigger for entry so I may set this one as a sell stop. I am looking for the previous major structure low as my Take Profit area. I'm going to keep my stop loss decently tight for this one...
We have been moving a bit sideways with this pair so I'm watching for a good breakout of these support or resistance levels we've been pinging around between. If we can get the breakout down below with the news, it could move pretty quickly. I don't want to spend too long a time in this one because I'm unsure it will be a long term swing, so I am aiming for...
We found support twice but have been moving within a pretty narrow band as we've moved sideways. With the good economic data the US has been getting combined with the news that China and the US are putting their trade war on hold, I'm expecting a move up here. I'm looking for a kumo breakout to enter since we already have a bullish kumo twist and bullish TK cross....
You can see the play from last week to the left of this setup. It went really well for us and I announced in the members area where I was getting out of most of the position. We were able to snag 100 pips or so and I'm looking for an even bigger drawback based on the daily chart, looking here on the 4 hour for entry. I've drawn out the first major level of...
This pair has been steadily climbing higher since our hard drop last week. We are nearing a bulish kumo twist that I am looking for combined with a bullish kumo breakout to enter a long position. I've laid out a TP at an area of previous resistance, but I may hold holder term as a swing if we can break that level as well. If we fail to get the kumo twist and the...
This pair started to consolidate last week before ending it's bullish run for at least the short term. Right now we have completed a kumo twist, chikou span is below price and Tenken sen and Kijun sen have flattened out here indicating the loss of momentum we've seen. I am look for a small rise to the kumo and tenken to get a good rejection candle for a sell...