IŽam away for 1 week for a holiday visiting london.
Green pips to you all.
- #62
- Jun 7, 2009 12:57pm Jun 7, 2009 12:57pm
- Joined Oct 2007 | Status: Trader | 3,461 Posts
Good trading opportunity is the kumo break out on USD/JPY.
We have a full close above the tenkan sen with a nice sharp upwared angel,
we have also chinkou span crossing the price, this is all indicating bull-power.
But the weekly is offering the kumo above, which is resistance ahead
plus the chinkou span crossing the price
I think it will go up during asia/london session, and fall back next to
re-test the cloud. If the cloud is tested again, it is good time for
enter long.
We have a full close above the tenkan sen with a nice sharp upwared angel,
we have also chinkou span crossing the price, this is all indicating bull-power.
But the weekly is offering the kumo above, which is resistance ahead
plus the chinkou span crossing the price I think it will go up during asia/london session, and fall back next to
re-test the cloud. If the cloud is tested again, it is good time for
enter long.
- #64
- Jun 7, 2009 1:05pm Jun 7, 2009 1:05pm
- Joined Oct 2007 | Status: Trader | 3,461 Posts
Look, how far away is the cloud for geppy on the weekly chart and
notice on daily the two time test of the tenkan sen.
Pound is bullish, yen is bearish: geppy will have a lift off.
notice on daily the two time test of the tenkan sen.
Pound is bullish, yen is bearish: geppy will have a lift off.
- #65
- Jun 7, 2009 2:56pm Jun 7, 2009 2:56pm
- Joined Oct 2007 | Status: Trader | 3,461 Posts
The eur/lfx from point of view ichimoku:
The weekly candle has just popped up a bit through the upper part of the cloud (i change color to yellow for better view), but was pulled back into the cloud. If price establishes above the weekly cloud, we might see a break out to test upper red trendline.
The daily gives us this picture:
The daily price enter the cloud and break lower part of the cloud. Inside the cloud is no trade area, so I will close some longs as soon, as the markt opens.
We should also notice that price establishes for 6 days above the tenkan sen. The start of a trend ?
The daily candlestick says down, the downside target should be the back of the broken triangle. Only a full daily close below lower part of the weekly kumo cloud (2.5260) would indicate a bearish bias for me.
The weekly candle has just popped up a bit through the upper part of the cloud (i change color to yellow for better view), but was pulled back into the cloud. If price establishes above the weekly cloud, we might see a break out to test upper red trendline.
The daily gives us this picture:
The daily price enter the cloud and break lower part of the cloud. Inside the cloud is no trade area, so I will close some longs as soon, as the markt opens.
We should also notice that price establishes for 6 days above the tenkan sen. The start of a trend ?
The daily candlestick says down, the downside target should be the back of the broken triangle. Only a full daily close below lower part of the weekly kumo cloud (2.5260) would indicate a bearish bias for me.
- #66
- Jun 7, 2009 2:59pm Jun 7, 2009 2:59pm
- Joined Oct 2007 | Status: Trader | 3,461 Posts
I will watch gold candle very close next days (if it goes there).
If it is a hammer: long
If it is a hammer: long
- #68
- Jun 7, 2009 3:11pm Jun 7, 2009 3:11pm
- Joined Oct 2007 | Status: Trader | 3,461 Posts
Of course the eur/usd was rejected from the upper part of the weekly cloud
at the first time.
Please
that price breaks it next time, and no stupid ranging.
In case of break, the ichimoku targets are 1.45 + 1.46
Notice on weekly: is it a bullish (golden) cross (crossing of tenkan sen and kijun sen) ??
On daily next support is 1,3760, if close below, we see free fall 1.361 (lower weekly cloud) or 1,32 (upper daily cloud).
Maybe asia/london will push it down, and US session will push it up to form a hammer ?
at the first time.
Please
that price breaks it next time, and no stupid ranging.In case of break, the ichimoku targets are 1.45 + 1.46
Notice on weekly: is it a bullish (golden) cross (crossing of tenkan sen and kijun sen) ??
On daily next support is 1,3760, if close below, we see free fall 1.361 (lower weekly cloud) or 1,32 (upper daily cloud).
Maybe asia/london will push it down, and US session will push it up to form a hammer ?
- #69
- Jun 8, 2009 1:03pm Jun 8, 2009 1:03pm
- Joined Oct 2007 | Status: Trader | 3,461 Posts
also watch next daily candle for GU, if kijun sen will provide support, for a nice long.
- #70
- Jun 8, 2009 1:05pm Jun 8, 2009 1:05pm
- Joined Oct 2007 | Status: Trader | 3,461 Posts
Of course the eur/usd was rejected from the upper part of the weekly cloud
at the first time.
Please
In case of break, the ichimoku targets are 1.45 + 1.46
Notice on weekly: is it a bullish (golden) cross (crossing of tenkan sen and kijun sen) ??
On daily next support is 1,3760, if close below, we see free fall 1.361 (lower weekly cloud) or 1,32 (upper daily cloud).
Maybe asia/london will push it down, and US session will push it up to form a hammer ?
- #71
- Jun 8, 2009 1:07pm Jun 8, 2009 1:07pm
- | Joined Aug 2008 | Status: Trader | 1,210 Posts
Never sell @ lower upward channel unless breacked and vise versa .
- #72
- Jun 8, 2009 5:15pm Jun 8, 2009 5:15pm
- Joined Oct 2007 | Status: Trader | 3,461 Posts
Great Brother.. hope u was in tarde.
please keep up nice predication
I will give it a try, but of course there alway might be surprises, for example if this Doji below the kijun sen doesnt provide resistance, it will go straight
> 1.90 ....
Tomorrow will be decision. I`am in short for 1.70
- #73
- Jun 8, 2009 5:17pm Jun 8, 2009 5:17pm
- Joined Oct 2007 | Status: Trader | 3,461 Posts
eur/lfx:
chart means ch - art, has something to to with "art", so here is a bit mixed up with fibo levels and extensions
Will only work, if kijun sen holds price up and works as support. If broken: down we go.
chart means ch - art, has something to to with "art", so here is a bit mixed up with fibo levels and extensions
Will only work, if kijun sen holds price up and works as support. If broken: down we go.
- #74
- Jun 9, 2009 11:51am Jun 9, 2009 11:51am
- Joined Oct 2007 | Status: Trader | 3,461 Posts
Before we get excited about the daily eur/usd daily bulish engulfing candle above the kijun sen, we should watch the weekly whole picture:
We are inside the cloud, and the price was rejected from the upper part of the cloud. I think, we are on the way to re-test upper part of the cloud again.
But was gives hope, is the bullish cross of the weely kijun sen and tenkan sen.
Below the cloud this is a low reliable signal, inside the cloud it would be neutral above the cloudthis cross is a high reliable signal in ichimoku trading.
Notice the upper part of the cloud is flat/horizontal. If I remember right, this means the resistance is not that hard.
Please no ranging inside the weekly cloud, this could last for month
We are inside the cloud, and the price was rejected from the upper part of the cloud. I think, we are on the way to re-test upper part of the cloud again.
But was gives hope, is the bullish cross of the weely kijun sen and tenkan sen.
Below the cloud this is a low reliable signal, inside the cloud it would be neutral above the cloudthis cross is a high reliable signal in ichimoku trading.
Notice the upper part of the cloud is flat/horizontal. If I remember right, this means the resistance is not that hard.
Please no ranging inside the weekly cloud, this could last for month
- #75
- Jun 9, 2009 12:00pm Jun 9, 2009 12:00pm
- Joined Oct 2007 | Status: Trader | 3,461 Posts
I donŽt know, if some other charting system gives such good explanation for what happend on the usdlfx:
On the weekly we break and closed below the cloud, last weeks bullish candle was the retest, if cloud is new resistance, and now we continue bearish trend...
This is a simple kumo breakout trade. Btw. a weekly kumo breakout trader would put his SL above the upper part of the weekly cloud...
I will not do this
On the weekly we break and closed below the cloud, last weeks bullish candle was the retest, if cloud is new resistance, and now we continue bearish trend...
This is a simple kumo breakout trade. Btw. a weekly kumo breakout trader would put his SL above the upper part of the weekly cloud...
I will not do this
- #77
- Jun 9, 2009 1:41pm Jun 9, 2009 1:41pm
- Joined Oct 2007 | Status: Trader | 3,461 Posts
hello Peter
Ichimoku looks complicated,BUT i will try and understand....:nerd:......
but all the best with your jornnal
baz
hi baz,
ichimoku is not that complicated, tom demark is a hard nut to crack
In ichimoku the upper and lower part of the cloud are support/resistance, the red line and the blue line. The cloud is biggest S/R, blue is next, red is not that reliable.
eur/gbp analyses:
Monthly, would be interisting a close below the red line, the tenkan sen would be taken.
Weekly is more interisting. We are still above the cloud, so still in bull land here. But we have the red line crossing the blue from above to below. This is a sell signal, but this happens above the cloud, so this is a weak sell, signal. IF the green line crosses the price this would be a sell signal.
On the daily we trade below the kumo cloud, so we are on the daily in bear land. Notice the shooting star below the blue line (kijun sen), this resistance has worked well. A "save" short from there...
If you look back in time the green line daily: If this green line goes in a sharp angel up or down, we have an area of support or resistance (I marked some in the chart).
- #78
- Jun 9, 2009 1:49pm Jun 9, 2009 1:49pm
- Joined Oct 2007 | Status: Trader | 3,461 Posts
Man, this eur/lfx goes straight to my nerves. My SL was missed by a few pibs.
But maybe it now got enough momentum to break upper part of the weekly cloud....target weekly kijun sen, 2.5860
But maybe it now got enough momentum to break upper part of the weekly cloud....target weekly kijun sen, 2.5860
- #79
- Jun 9, 2009 2:34pm Jun 9, 2009 2:34pm
- Joined Dec 2007 | Status: Trader | 1,964 Posts
hi baz,
ichimoku is not that complicated, tom demark is a hard nut to crack
In ichimoku the upper and lower part of the cloud are support/resistance, the red line and the blue line. The cloud is biggest S/R, blue is next, red is not that reliable.
eur/gbp analyses:
Monthly, would be interisting a close below the red line, the tenkan sen would be taken.
Weekly is more interisting. We are still above the cloud, so still in bull land here. But we have the red line crossing the blue from above to below. This is a sell signal, but this happens...
i have to go over new concepts over and over till it sink in my Brain....
thank you..
baz
