Get started

The808trader

Breakout Trade - Ichimoku AUD/JPY Trade SetupThis pair has been range bound for well over a week before it finally broke out of that zone at the end of last week. I've drawn this zone out with yellow lines and labed it, to make it easier to see. Typically when we get a breakout of a longer term range bound zone like that, we end up having a drawback to it to re-test the edge of the zone as resistance. That's where I've drawn my entry level at. However, I will need to see the drawback and a good rejection candle in that area to confirm my sell. As an alternative we can also look to sell on a break below the last two candles. If either of these scenarios fail to play out, this setup may become invalidated.
Short
by The808Trader
Swiss Strength Play - USD/CHF Ichimoku Short Trade SetupThis is the same setup as last week which is already in profit, but I am looking for more chances to get short. We are testing price structure support from last week right now, a break of that will give us another chance to add to our sell, or re-enter. I still have multiple levels I've drawn out where I plan to take partial profit at, and I will leave some of the position to run as long as a bearish trend stays intact. If we fail to break the price structure support we're currently sitting at, then this setup may become invalidated. 
Short
by The808Trader
JPY Strength Play - USD/JPY Ichimoku Short Trade SetupAt the end of last week this pair has broken down to test price structure support. We've formed a pretty strong resistancehere with a good wick on top. I am looking for a break down below the previous candle candles to help confirm a short entry. I've drawn out multiple partial take profit levels on the way to my longer term price structure low target. I will continue to leave some of the position open as long as the bearish trend holds, but if we extend past my longer term target, there isn't much previous price structure history below my target other than a wick from the flash crash. So, I find a move past that level highly unlikely. If we fail to break price structure support and fall lower, then this setup may become invalidated.
Short
by The808Trader
2
GBP Swing Trade - GBP/USD Ichimoku Long Trade SetupThe USD found some strength last week before bouncing off support back up into the kumo. We may finally see the USD weakness we've been waiting for as we get closer to FED rate cuts. I am looking for a kumo breakout to enter a long position back up to price structure highs from a few weeks ago. I've also drawn out some partial profit levels we can aim for along the way if we get our entry. If we fail to get the kumo breakout and form a bullish trend, this setup may come invalidated.
Long
by The808Trader
Aussie Swing Trade - EUR/AUD Ichimoku Sell Trade SetupEUR/AUD is down testing  important price structure support and we have a good possible swing trade on our hands. For those that like to pay more attention to price structure patterns, this does resemble a larger sized head and shoulder pattern. We do have the future kumo twist started to bearish, a bearish TK cross, and chikou span is just shy of breaking through price to the downside. If we do get the break or price structure support with will coincide chikou span getting below and free of price. If we can get that break of price structure and hold below it, I'll enter my short. I've drawn out partial take profit levels on the way to longer term price structure support. If we fail to break support or form and hold a bearish trend, this setup may become invalidated.
Short
by The808Trader
Massive Swing Trade Opportunity - EUR/GBP Ichimoku SellPrice is starting to stall out quite a bit here and we've been stymied with resistance as the fundamentals of the EU and Britain play out. I am waiting for a break down below price structure resistance and the kumo to look to enter a sell. With the massive bullish run this pair has been on, the GBP may try and fight to take back some territory. If we can break and hold below that .8955ish level, I think we may be able to establish a long term bearish trend that we can trade down to some major price structure support. This is further confirmed using multi-time frame analysis looking at the daily and weekly for me as well with the wicks that have been presented. There seems to be some confusion on how I have my charts drawn so I want to make things a bit clearer. I set long term targets, but I do not hold my whole position until I get there. It is not an all or nothing trade on any of my setups. I take a position, then only have a few outcomes of the trade. Either I get stopped out, or if price moves my way I take profit at my partial levels along the way and hold the position open as long as the trend is valid. One of the biggest struggles new traders have is doing the opposite, and holding positions open that work against them. That's not how I trade and not how I suggest anyone trades. So, if this progresses my way, I will be taking partial profit at each of the levels I've drawn, also looking for new entries that are treated as their own idea and trades along the way, assuming the trend stays valid. This is the exact method I use day in and day out. If you want to learn more about how I trade, don't hesitate to reach out. I love discussing trading and finance in general. If we fail to get the breakout I am looking for, this setup may become invalidated. I think it's important to note that I don't care about being right, I care about being on the right side of the trade. If this switches up and holds support and looks poised to break price structure resistance to the upside, then my bias will switch with it and I'll look to get long. Let's keep an eagle eye on price structure ,trade the breakout if it presents itself, and grab some pips along the way! -The808Trader
Short
by The808Trader
2
Time to get Long? - GBP/USD Ichimoku Long Trade SetupWith rate cuts from the FED certain, we may start to see some continued USD weakness from last week. For this setup I am waiting for a little more sideways movement before looking at a possible FX:GBPUSD bullish kumo breakout. I would also like to see the kumo twist complete to a future bullish kumo to help confirm as well. Chikou span is in a good place and we've already had the bullish TK cross so our other confirmations are already there. If we can get a good bullish breakout entry I've drawn a longer term target as well as some partial take profit levels to aim for along the way. If we fail to get the breakout or hold bullishly, this setup may become invalidated.
Long
by The808Trader
USD Weakness Trade - USD/CHF Ichimoku Short Trade SetupAnother play on possible USD weakness with the FED rate cut being certain. We are near the edge of the kumo and major price structure resistance for this time frame. We already have a bearish kumo twist, chikou span is below price, and we're in a bullish TK cross so confirmations are looking pretty good right now. If we can break and hold below our trigger line we can get short. I've drawn out some partial take profit levels to aim for along the way to the longer term target that I've seen at recent major price structure support. If we fail to break support or form a bearish trend, this setup may become invalidated.
Short
by The808Trader
More USD Strength - Ichimoku EUR/USD Short Trade OpportunityThe combination of good economic data and uncertainty with the EU lead to some boosted US strength last week. I am looking for a drawback to hope on a possible bearish trend continuation. As an alternative entry I will set a sell stop below the previous candles wick to trigger a short, should we break down below price structure support. If their of those scenarios fail to play out, this setup may become invalidated.
Short
by The808Trader
3
Kiwi to Falter? - Ichimoku NZD/USD Short Trade Opportunity The good NFP and economic data helped the USD surge across most major pairs on friday. I am looking for a drawback then chance to hop on to some hopefully continued strength. I would like to see a drawback and rejection at the zone I've drawn to validate a sell upon a kumo breakout. We have our ichimoku bearish confirmations, but we'll want to see those hold and continue to develop. As an alternative I may set a sell stop below the previous candles wick to enter short, should we break that level of support without getting the drawback I want to see. If either of these scenarios fail to develop, this setup may become invalidated.
Short
by The808Trader
2
USD coming back? - Ichimoku USD/JPY Long Trade SetupWe got an overall rise last week but are having a hard time getting passed some price structure resistance. While signs are shifting to bullish, I want to see that level broken to qualify an entry. This will probably be a good candidate for a buy stop so we don't have to sit and watch it. As an alternative we can also look at entering a buy at a confirmed kumo breakout. I've drawn out some partial take profit levels to aim for if we end up entering, but as always I will let some of my position run as long as the trend remains valid. If we fail to get the break of price structure or the kumo breakout, this setup may become invalidated.
Long
by The808Trader
2
Euro Weakness? - Ichimoku EUR/AUD Short Trade SetupThis pair has been on a really good bearish run, having already been rejected at tenken sen. I am looking for another drawback and rejection to enter a sell, or as an alternative we can enter a sell at a break of previous price structure on the left side of this analysis. I'm aiming for previous price structure lows but as always, I'll keep some of the position running as long as the trend is valid. If we fail to break lower or get a drawback and rejection, this setup may become invalidated.
Short
by The808Trader
NZD over AUD? - Ichimoku NZD/AUD Short Trade SetupThe kiwi has been fighting back across the board but especially against the aussie recently. We are at an important price structure level that if we break, should help the bearish trend continue. I think this will be a good candidate for a sell stop for entry, but as an alternative we could wait for a drawback and rejection at tenken sen to enter a sell. I've drawn some horizontal lines at price structure levels where I'll be taking partial profit at along the way to the longer term target. Per my usual style I adjust the stop loss into profit as this advances, and I leave partial position open even past my long term target, as long as the trend is still valid. If we fail to break lower or get a drawback and rejection, this setup may become invalidated.
Short
by The808Trader
1
Kiwi Strength to Come? - Ichimoku NZD/USD Long Trade SetupThe kiwi rose most of last week, before having a failed kumo breakout attempt. We had a drawback and price held at tenken sen so I am now looking for an opportunity to get long. I've placed an entry near the close of the recent price structure rejection. If we can break that, we should have a good chance of a bullish trend being established and running. I've drawn out my target at previous price structure highs to the left. I've also drawn out partial profit levels at key price structure to aim for along the way. I will leave some of my position to run, as long as it continues to run in profit.
Long
by The808Trader
USD Weakness? - Ichimoku GBP/USD Long Trade SetupThis pair has finally found some support and is now trying to take advantage of USD weakness to rise.We have been rejected a few times as you can see from previous price structure and wicks. In order to get long I want to see that level broken which is where I've placed my entry. For this one I will probably set it up as a buy stop, my reason being if we can actually break that resistance and wicks, we may move quickly. I have a hard time imagining that the Pound will go on too big of a streak due to the uncertainty still shrouding the Brexit and prime minster situation in Britain. With that in mind I set a longer term target that I think is more attainable, but in the end, the market will be my guide and I will continue to hold at least part of my position open if the case it continues to form higher highs and higher lows. I have also drawn out several partial take profit levels to aim for along the way. If this setup fails to hit my trigger line or break through resistance, this setup may become invalidated.
Long
by The808Trader
Aussie Strength to Come? - Ichimoku AUD/USD Long Trade SetupAussie was on a bearish streak before finally finding some footing and ending the week in the kumo. We are close to a bullish kumo twist, but we're still have trouble breaking through resistance where price was stopped. I've drawn an entry line right above that level that needs to be broken to confirm a long entry for me. My overall target will be previous price structure highs from our previous trade you can see to the left. I've also drawn out multiple partial take profit levels to aim for along the way, but I will let some of the position run, as long as it is in profit.
Long
by The808Trader
More volatility = Gold up? - Ichimoku XAU/USD Trade SetupIf you're in the membership then you made an absolute killing on this last week and we're going to continue to look for chances to get long, if they present themselves. I am looking for price to fall a little lower to test at or near kijun sen to get long. If we get a good reaction with price either get a good support candle or bounce right off of it, I'll enter a buy. I am targeting previous price structure highs, but if you look left of current price we can aim for price structure and wicks along the way. As an alternative entry we can look for a break above the previous candle to get long, but it is a little more risky and diminishes potential risk to reward. If we fail to get a good to support, or to actually hold support, this setup may become invalidated. 
OANDA:XAUUSDLong
by The808Trader
USD Rebound Time? - Ichimoku USD/CHF Trade SetupWe made some money on the down trend, now it's time to see if we can capitalize on a potential bullish move back up. We just had a bullish kumo breakout, we have a bullish kumo twist, and all signs look bullish right now. I'd like to see one more drop to the flat kumo to test support to get long, which is where I've drawn my potential entry. Ideally we'd form another good support candle as a good signal for a buy. As an alternative we can also buy if we break up above the last two candles. If we fail to break higher, or fall to and hold at support, this setup may become invalidated.
Long
by The808Trader
Euro to lose more ground? - Ichimoku EUR/JPY Trade SetupAfter a big move up, the Yen made some major gains over the last week as this pair has plummeted. We are now down and through the kumo, and close to a bearish kumo twist. In order to get a sell opportunity here, I want to see a drawback to just shy of the kumo and a good rejection candle to enter a sell. If we can get that, I'll enter and aim for the partial take profit levels I've drawn out on the way to the major price structure lows. As an alternative we can look for a break below the previous two candles, but that will be a little bit more risky as our risk to reward isn't the best and we haven't had a drawback for quite some time now. If we fail get a good drawback and rejection, or to break below previous price structure, then this setup may become invalidated.
Short
by The808Trader
Aussie Strength Waning? - Ichimoku GBP/AUD Long Trade SetupAfter a long down trend, the pound finally found some footing. We are entering the kumo and I am watching for the possibility of a new bullish trend to form as the GBP tries to claw it's way back. As the week progresses I'll be watching for a bullish kumo breakout and completion of the kumo twist to bullish to help confirm it's time for an entry. I've set my entry at a flat spot on the kumo which should act as a good gauge if we'll make the move up or not. If we can close through that level we should try and climb quite a bit higher. If we fail to break through the kumo or hold price structure support, this setup may become invalidated.
Long
by The808Trader
Time for GBP Longs? - Ichimoku GBP/USD Long Trade SetupAfter moving up above the kumo after a long trend, it's time to see if this trend can be tested and hold. I am looking for a test of tenken sen to hold to look to enter a long position. If we drop down and form a good support candle or get a positive interaction price structure wise, then I'll look to enter my long position. There are a couple alternative ways to enter this trade as well. We could enter a breakout above our recent price structure highs, or if we break through tenken sen we can then look for support at kijun sen to enter the long. So there's 3 different ways for this one to play out that would still lead me to a long entry. If those fail or we break down below price structure support and kijun sen, then this setup will become invalidated.
Long
by The808Trader
Euro on stable ground? - Ichimoku Eur/USD Long SetpIt's been a while but the Euro finally found some footing against the dollar last week as more trade war rumors swirled. Since we are moving in an established trend I am looking for that trend to continue, but I want to see a drawback first. This is NOT an order I will set as a buy limit, I will watch and wait for a drawback and make sure there is a good support candle to get long on. Since that is the case, this stop loss is a rough estimate of where I believe that could be, but I will probably set it a little below the support candle or wick that could form. If we fail to get a drawback or hold support, this setup could become invalidated.
Long
by The808Trader