Ichimoku Trade Blog

Price gapped huge on AUDNZD.   This is too fast for a trend.  Therefore, you can exit and then wait for a pullback or switch to a very low timeframe to manage the trade off that timeframe.

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

Price moved too fast so the Tenkan Sen has not followed price.  Either exit the trade or move to a very small timeframe for a very tight stop.  Wait for another pullback and then re-enter the trade.

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

GBPCHF Ichimoku Currency pair looks like it is about to break its consolidation pattern to go lower.    See chart below for a 120 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

Looking at the Ichimoku charts for AUDNZD for 120 and daily charts, it is setting up possible for a bullish trade.  We have place entries on a bullish movement up.

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

A lot of people have been caught off-guard with the bullish movement that has occurred in the last couple of days.    Many are asking how far will this bullish movement go?   Are we now in a bullish trend?

Let’s look at the Weekly Ichimoku chart for the SPX.   The sentiment for the weekly time if bullish.   However, we are not trending at this point.   The Ichimoku indicators are in conflict with the sentiment.   We have closed above the Kijun Sen which indicates that a possible trend change can occur but we have two major resistance values very close to our current price.    Many people are thinking that a possible head and shoulder pattern may occur if price stops at these resistance values.   In fact, if price does stop at these values, it has a chance to go through the think part of the Kumo cloud to change the sentiment from bullish to bearish.  The future kumo cloud has already turned bearish.    This is the first time the future cloud has turned bearish after it went bullish.    All the signs are pointing towards the market not being able to break the resistance values.    This does not mean, there is a trade at this point.  We have to wait and see and confirm before a trade can be setup.

Below is the daily Ichimoku chart.   Notice price is in a thick Ichimoku cloud which indicates consolidation can occur.    On the daily chart, the resistance values from the weekly chart are also major resistance values for this timeframe too.   In fact, one of them is the top of the kumo cloud.   Most Ichimoku analyst will say it will break the first resistance value to get the bulls to commit and then not be able to penetrate the second resistance value to trade the bulls.  What will happen?  Time will tell.   This is not a time to setup a mid or long term trade.   If you are day trading, keep your stops tight.

or 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