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The808trader

A Running of the Bears in Europe? Ichimoku EUR/USD Short IdeaEur/USD has been in a strong bearish trend for week or so now, and we have risen up to test tenken sen. I am looking for a bearish trend continuation sell entry. Ideally we would be rejected here at tenken or kijun which would give us a sell opportunity. For this trade I am targeting our previous low of 1.2060. If we reach it, I will close partial and let the remaining portion run , adjusting my stop loss periodically. If we don't see a rejection or our bearish confirmations change to bullish, this trade may become invalidated.
Short
by The808Trader
Loonie to see profit here? Ichimoku- Long trade idea for USD/CADThis pair had a nice bullish breakout after being stuck in consolidation for a short time. I am looking for a slight drawback to around the 1.2744 level to look for a chance to enter a buy, if support holds there. I am targeting 1.2800 as my TP level, which coincides with a previous strong area of support/resistance. If our bullish confirmations change to bearish or if support doesn't hold at my entry level, this setup may become invalidated.
Long
by The808Trader
GBP/JPY - Profit fatter than Rossie O'Donnell? Time will tellAs the Pound rampage has continued we've been on a nice bullish run with this pair. We've dropped down to test kijun sen once, otherwise this pair has been strong to the upside. I am looking for another bullish entry on a drawback to tenken sen, with a stop loss set just below kijun sen. I am targeting our previous high as my first TP, where I will close partial position. From there I will let the rest run, adjusting my stop loss periodically. If tenken and kijun fail to hold support, or our bullish signs change, this setup may become invalidated.
Long
by The808Trader
GBP/CHF - Will the GBP Rampage continue? Ichimoku thinks so....This Swiss Franc has been dealing with some economic weakness lately, and the Pound has been on a bit of a rampage.I am looking for a buy into into a trend continuation with this pair. I want to keep a tight stop loss so I'll be setting it just below kijuns sen which has been respected this entire bullish run. I'm going to target just beyond our previous high for my first TP level. If we hit it, I will close partial position, and let the rest run, adjusting my stop loss periodically. If our bullish signs change, this setup may become invalidated.
Long
by The808Trader
Trade War Gold - Ichimoku Trade IdeaWith all the economic news and trade wars starting to ensue, uncertainty tends to come with it. In times of uncertainty investors tend to turn to gold, and this has been no exception with the massive spike in gold we had last week. I am looking to hop in this trend on a drawback and feed off the trade war volatility. I am looking for a drawback to the 1337 level to enter a long position, targeting our previous highs of  1360 as a swing trading target. If we fall down through support or any of our bullish signs change, this trade may become invalidated.
TVC:GOLDLong
by The808Trader
EUR/NZD - Ichimoku Long Trade IdeaThis pair has been on my radar since the initial breakout. I am looking to enter a second position once we get a drawback to support. I am looking for price to fall a little and to be met by tenken sen to look for my buy entry and confirmation. I am still targeting our previous high as my TP, but I will probably only close partial position there and let the rest roll with an adjusted stop loss as long as the trend holds. Keep in mind there is a lot of news this week that could invalidate this trade this week, expect high volatility, and always be sure to protect your capital first, before worrying about growing it.
Long
by The808Trader
EUR/CHF Breakout Trade IdeaThis setup is very similar to our last EUR/CHF trade we entered below. I am trading the consolidation zone here. What I'm looking for is a breakout of the zone in either direction to enter a trade. This consolidation makes sense with all the upcoming news we will see this week. A push outside of this zone should hold and I'll look to enter whatever direction price takes. I don't have particular TP's in mind, instead I'll just adjust my stop loss as this pair moves.
by The808Trader
EUR/CHF Long Ichimoku Trade IdeaThis pair has risen above the cloud but we've gotten away from tenekn and kijun which have flattened. I am looking for a buy opportunity, but I want to see a draw back first with price holding at the flat part or the cloud. As long as that happens and we get the bullish kumo twist we need for confirmation I'll enter a buy position. If we fail to hold support or we don't get the final bullish confirmations I'm looking for, this trade may become invalidated.
Long
by The808Trader
GBP/USD Long Ichimoku Trade IdeaThe USD's strength finally started to wane at the end of last week. We've risen back up into the cloud here and I am looking for a potential buy if we get a bullish kumo breakout with confirmations. I am still waiting for the kumo twist to complete which will serve as a major confirmation for me. I've drawn out some potential targets with blue lines should the trend hold. If we fail to breakout or our confirmations change, this trade could be invalidated.
Long
by The808Trader
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.
Short
by The808Trader
EUR/USD Long Ichimoku Trade IdeaThe strength of the USD has started to falter a little bit with all the interest rate raises in rapid succession. I am expecting the US economy to do well, but the strength of the dollar to continue to fade, especially with the likely rate hike coming in March. On the technical side we've found support and held here at Kijun so I am expecting to to rise back to the zone that we've been stuck in. It also offers a nice risk to reward. I've placed my future stop loss just under where price had held at support on the last dip.
Long
by The808Trader
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.
TVC:USOILLong
by The808Trader