Ichimoku Trade Blog

One of 2 things have happened with this entry order. Either you got filled based on your spreads or you got filled. If you got filled, you exited the trade on the close of the 120m bar at 1.6175. If you didn’t enter the trade, the entry order has been canceled.

EDUCATIONAL USE. Commodity Futures Trading Comission, Forex, Futures, Equity and options trading has large potential rewards, but also large potential risk and may not be suitable for everyone. You must be aware of the risks and be willing to accept them in order to invest in these markets. Do not trade with money you can not afford to lose. This is neither a solicitation nor an offer to Buy/Sell. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this document. The past performance of any trading system or methodology is not necessarily indicative of future results. All information provide d on the Blog is for educational purpose

GBPCAD is setting up for a 120m bullish trade. See chart below.

EDUCATIONAL USE. Commodity Futures Trading Comission, Forex, Futures, Equity and options trading has large potential rewards, but also large potential risk and may not be suitable for everyone. You must be aware of the risks and be willing to accept them in order to invest in these markets. Do not trade with money you can not afford to lose. This is neither a solicitation nor an offer to Buy/Sell. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this document. The past performance of any trading system or methodology is not necessarily indicative of future results. All information provide d on the Blog is for educational purpose

GBPUSD on the 120m chart got to the T2 chart. Price started to move to T3 but didn’t get there. Therefore, the trade was exited since price got back to T2.

EDUCATIONAL USE. Commodity Futures Trading Comission, Forex, Futures, Equity and options trading has large potential rewards, but also large potential risk and may not be suitable for everyone. You must be aware of the risks and be willing to accept them in order to invest in these markets. Do not trade with money you can not afford to lose. This is neither a solicitation nor an offer to Buy/Sell. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this document. The past performance of any trading system or methodology is not necessarily indicative of future results. All information provide d on the Blog is for educational purpose

GBP/USD trend has been downward. We are going to look for a countertrend trade on the 120m timeframe. The trade is shown on the chart.

EDUCATIONAL USE. Commodity Futures Trading Comission, Forex, Futures, Equity and options trading has large potential rewards, but also large potential risk and may not be suitable for everyone. You must be aware of the risks and be willing to accept them in order to invest in these markets. Do not trade with money you can not afford to lose. This is neither a solicitation nor an offer to Buy/Sell. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this document. The past performance of any trading system or methodology is not necessarily indicative of future results. All information provide d on the Blog is for educational purpose

Looking at the E-mini S&P Futures gives everyone a good idea on what the markets are doing.

Below is the 1 hour Ichimoku chart for the Emini S&P500 futures. Notice, it has not violated the Green Line (Kijun Sen) completely. The downward trend is very strong since this is a 1 hour chart. Be careful trading, keep your stops tight.

EDUCATIONAL USE. Commodity Futures Trading Comission, Forex, Futures, Equity and options trading has large potential rewards, but also large potential risk and may not be suitable for everyone. You must be aware of the risks and be willing to accept them in order to invest in these markets. Do not trade with money you can not afford to lose. This is neither a solicitation nor an offer to Buy/Sell. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this document. The past performance of any trading system or methodology is not necessarily indicative of future results. All information provide d on the Blog is for educational purpose

We reached our first and second target of 568. You should have taken profits by now.

EDUCATIONAL USE. Commodity Futures Trading Comission, Forex, Futures, Equity and options trading has large potential rewards, but also large potential risk and may not be suitable for everyone. You must be aware of the risks and be willing to accept them in order to invest in these markets. Do not trade with money you can not afford to lose. This is neither a solicitation nor an offer to Buy/Sell. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this document. The past performance of any trading system or methodology is not necessarily indicative of future results. All information provide d on the Blog is for educational purpose

Corn Futures like all commodity futures has drastically been going up. The pullback after the major move for Corn is on the way. We don’t know if this is a major or minor pull back yet. Time will tell.

Below is the weekly Ichimoku chart for Corn futures. The target level for Corn futures is 542.89 which is the major resistance level based on the flat Senkou Span B. This happens to also be the 50% retracement.

EDUCATIONAL USE. Commodity Futures Trading Comission, Forex, Futures, Equity and options trading has large potential rewards, but also large potential risk and may not be suitable for everyone. You must be aware of the risks and be willing to accept them in order to invest in these markets. Do not trade with money you can not afford to lose. This is neither a solicitation nor an offer to Buy/Sell. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this document. The past performance of any trading system or methodology is not necessarily indicative of future results. All information provide d on the Blog is for educational purpose

MEE has close below the Ichimoku Kumo Cloud on the weekly timeframe.    If price moves lower the daily will be setup for a bearish Ichimoku trade too.

See the charts below:

Here is the Option chart:

Volatility right now is low so you can look at buying a straight put without it being “expensive”.   Right now, only Oct and Jan 2011 options are available.   If we look at the Jan 2011 25 Put. It will cost roughly 1.64.     According to the charts, our estimate is that MEE should reach 25 by end of October with a stop around 32.43.    This is roughly $3 for a stop with a $3.00+ target.   Therefore it is a 1:1 risk/reward ratio.

If we enter the option TODAY and exit at end of October, if the stock is at 32.43 then we will lose roughly 87.43 (50% the cost of the option).    If it is at 25 by end of October, we will make roughly 112.94 .

EDUCATIONAL USE. Commodity Futures Trading Comission, Forex, Futures, Equity and options trading has large potential rewards, but also large potential risk and may not be suitable for everyone. You must be aware of the risks and be willing to accept them in order to invest in these markets. Do not trade with money you can not afford to lose. This is neither a solicitation nor an offer to Buy/Sell. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this document. The past performance of any trading system or methodology is not necessarily indicative of future results. All information provide d on the Blog is for educational purpose

EURCHF has gone above the Kumo cloud on the 120 and above the TS on the daily. Therefore, we are going to cancel our trend trade for now. It is now in a pullback mode. The pullback could be a minor, major, or could be a trend reversal. We will not know until we see some more price action.

EURCHF looks like it is setting up for a short term bearish movement to retest the lows.     Attached is a chart for a possible trade setup.

EDUCATIONAL USE. Commodity Futures Trading Comission, Forex, Futures, Equity and options trading has large potential rewards, but also large potential risk and may not be suitable for everyone. You must be aware of the risks and be willing to accept them in order to invest in these markets. Do not trade with money you can not afford to lose. This is neither a solicitation nor an offer to Buy/Sell. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this document. The past performance of any trading system or methodology is not necessarily indicative of future results. All information provide d on the Blog is for educational purpose