AGold54

AGold54 Updated 

the Monthly and Daily are bearish and this pair has been banging up against the 125.23 level all week IMHO, this is ready to explode to the downside. The Cloud is thin and price has established below the 60 Kejun Sen Entry = 125.23 Stop = 125.43 Risk = 20 pips Profit target = 122.80 (the Daily Kejun Sen) Reward = +243 pips RRR = 12 -1

AGold54 Updated 

Had major news on Both currencies in this pair. UK parliament vote on Brexit sent GBP down and a better ten expected AUD CPI sent AUD up. This setup will try an harness both results I am using fib levels using the Pre Uk vote price (which is not the daily high) and the low after the Aud news (which still may change so we will have to re draw the fibs) Using 2 even...

AGold54 Updated 

Even though GBP has been dominating for over a week now, it is, imho,over extended and ripe for a pullback. The Monthly and Daily are still, despite it's recent strength, still bearish Resistance has formed at 143.55 and has been rejected once (double top) The Resistance level is in close proximity to the Daily Senkou A, which is a very strong Resistance...

AGold54 Updated 

The Monthly and Daily and 60 are in an uptrend. Need a pullback to the 60 Senkou B (or Daily Senkou B before 3 am confluence) Entry = 1.5860 Stop = 1.5840 Risk = 20 pips 1st PT = 1.5917 Reward = 57 pips RRR = 2.85 - 1 2nd PT = 1.6219 (the Daily Kejun Sen) Reward = 359 pips RRR = 18 - 1 * At the 1st PT you can either take a portion of your position off and move...

AGold54 Updated 

The Monthly and Daily time frames are Bearish. This pair has trading in a tight range since January 17 Would like to see the Kejun Sen flatten or better yet step down and that will happen if the pair respects the Resistance level. The Optimal time to start look for this trade to trigger would be after 1am as the Cloud will have thinned out making it easier to...

AGold54 Updated 

GBP has been dominating all week and is, imho, overextended. GBPCAD is now at a Daily Resistance level that has been rejected 3 out of the last 4 times (75%) Need to see compression on the 60 min chart below the resistance level and then a strong bearish candle for entry. Entry = not yet ??? the stop will be 10 pips (+2 for spread above the last swing high) PT =...

AGold54 Updated 

This pair is bearish on both the Monthly and Daily time frames. price is currently compressing below the Daily Senkou A (bottom of the Cloud) this is a very strong resistance level and great place for a small stop loss entry with a profit target of .7066 which is the Daily 1.27 fib extension. first we need the pair to compress slightly below the Senkou A for at...

AGold54 Updated 

The Daily is bullish and a nice support level has formed. price is currently being supported by 60 Kejun Sen (blue Line) and that would be our entry Entry = 1.7020 (+ 2 pips to account for the spread on buy limit orders so 1.7022) Stop = 1.6990 Risk = 30 pips PT = 1.7236 (+216) RRR = 7.2 -1

AGold54 Updated 

The Monthly and Daily direction is Bearish. The market has retraced, and been rejected at the Daily Senkou A (bottom of the cloud) at 1.5841 I anticipate the market will drop back to the cloud, either the Senkou A (top) or the Senkou B (bottom) and then rally back to retest the Senkou A at 1.5841 2 Potential entries; First, the aggressive entry would be to place...

AGold54 Updated 

Monthly and Daily Direction is bearish. I anticipate the market will reverse down into the cloud bounce up off the Senkou B (bottom of the cloud) then stall between the Senkou A (top of the cloud) and the resistance level at 1.58600 For the cloud breakout we will need the following; 1. A cloud penetration; 2. A TK cross 3. The Chikou below price 4. A Kumo...

AGold54 Updated 

The Monthly and Daily remain bullish Have a text book cloud breakout The only thing I don't like is the time as it is 4 pm est and I prefer not to take trades this late in the US Session, so I will wait for the Asian Session which may provide for a pullback opportunity and/or a smaller stop Entry = 77.95 above the Daily Tenken Sen (Red line) Stop = 77.31 Risk =...

AGold54 Updated 

Although the Monthly and Daily are up, there is, imho, a high probability, low risk pullback trade setting up NZD which has been on a Great Bullish run is showing signs of weakeniing, specifically, on the Daily charts of NZDCHF and NZDUSD both finished yesterday with Doji's GBPNZD and EURNZD were both Spinning tops. NZDJPY had a bearish decision candle, although...

AGold54 Updated 

Monthly and Daily Time frames are bullish Have a pullback to the Senkou A (top of the cloud) which is very strong support area. the prior 2 candles 1am and 2am est. were indecision candles unable to push the market down. 2 Potential trades: 1. Cloud Bounce: A. If we get a Bullish engulfing candle off of the cloud we can enter the trade. Entry = approximately =...

AGold54 Updated 

Monthly and the Daily direction are down. This is a re-test of the Daily Senkou B, which is the bottom part of the cloud Unfortunately, I can not post more than one hart else I would show the Daily Entry = 0.8911 Stop = 0.8928 Risk = 17 PT = 0.8854 Reward = 57 pips

AGold54

Monthly and Daily Direction is Down This is a pullback trade in a multiple time frame resistance level The Daily Kejun Sen is 1.13580 The Daily Tenken Sen is 1.13510 Additionally the 60 cloud is very thick which provides substantial resistance Entry = 1.1353 (the 60 min Kejun Sen) Stop = 1.1390 (10 pips above the Senkou A) Risk = 37 pips PT = 1.1123 (10 pips...

AGold54 Updated 

This is an advanced technique trade here we have an ascending cloud with medium thickness When the market reaches the Senkou B (bottom of the cloud) which is the last support level There is a high probability (87%) that it will bounce back up to the Senkou A (top of the cloud) ** It is important to note the negative USD news that came out today (Powell Press conference)

AGold54 Updated 

This is not my usual Ichimouko Kinko hyo trades but simply a play off the consolidation on the 60 min TF. The Monthly and Daily are sill down and this pair has been unable to retrace. Entry = 1.6760 (Yellow line) Stop 1.6805 (10 pips + 3 for spread, above the prior high) Risk = 50 pips PT = 1.6710 support RRR = 1-1 but a high probability set-up (82%)

AGold54 Updated 

Monthly and Daily Direction is Bearish Have all the requirements for a Cloud breakout: 1. Have A cloud breakout 2. Have a TK cross 3. The Chikou is below price 4. Have a Kumo twist ** increasing this trades probability is the thick cloud and flat Senkou B ** of concern is the up Trend Line Entry = 1.7664 (8 pips below the breakout candle) Stop = 1.7550 (10 pips...