Peaches`s trading log

Also a very nice bull trade is aud/usd.

This is free trade - above the daily cloud, above the weekly cloud,
above the monthly cloud....

Personal target area is ~0.85, risk is the area of the price flip,
marked in the daily chart.

I will not enter a cad trade here,but trendline break would be interisting

Amazing picks..I'm taking EurUsd and AudUsd.

And I'm not going to miss AudJpy right now. Cheers!

For EurUsd and AudUsd ,Will jump'in on pullbacks. Tqvm

p/s Dont worry about the risk, its all ways mine.

After some retracements, and neutral buy picture,
GJ daily finally make an impressive komo breakout.
Hopefully this rise will continue amidst some retracements along the journey.

Here's some komo inspirations that I got over the last weekend...
shown in GU daily chart
Will put into practise.

Quote: Winners take all!

GU closing at 1.6700 last friday, have confused many traders.

But my personal review as a newbie with Ichimoku, have magnified startling

findings such as Chikou Span break in out the price curve, and current price and

kijun sen crossing remain intact.(as indicated by the two arrows).

Yes, GU is in bullish mode. (pending unknown bearish fundamentals such as those

coming out next friday.)Locate, SL is 10 pips below kijun sen.

Take Profit? I'll make a golden handshake when Tenkan sen and Kijun Sen meets again.

(p/s I'm still practising on 0.01 real live pips,but will add more lots as confidence increases.)

Hi satni,

nice you have become comfortabely with ichimoku trading. But as sayed before, it works best in a trend

I have a subaccount where I trade microlots with ichimoku system, so Iám also "testing".

Last week I have had some trades, which realy realy make me sick. Kind of trades where I entered in the correct direction, but was stopped out. After has been stopped out the price was exploding in the direction I have had entered the trade.

I learned from this, that I have to move my stop more far away. I can not trail my stop, because I`am not able to sit at the computer 24 h a day. Only 3-4 h a day I have time for analyze and enter trades.

It is now secret, that I use the TNX (ten year treasury note) as a proxy for moves of the yen-currencys during US session.

On the weekly it is moving above the cloud, but we have seen last week a bearish weekly candle after this hanging man.

On the daily we have seen a tri star pattern, which has played out and pushed price inside the cloud. This is the second attack of the bears. One was successfully defended at price 32.50.

So, what does this mean for the yen and yen related curencys ?

But geppy:

I must say, I have no clear picture for over all.

We have seen this nice drop for the usd/lfx and parallel this jump in the us stock market. The dow has broken into the weekly cloud. Will it stay there ?

But to have the bigger picture, we must see usd/lfx and cad/lfx overlay. With overlay these index you see they move opposite.

Last friday we seen a nice bearish engufing candle for the cad/lfx. The weekly is a (bearish) harami.

But I can not see bullish signals on the usd/lfx

Also its interisting to have a look at the VIX. This is volatility index, and so called "fear factor". The fear is gone a away for a lot of time, but the weekly candle is showing, it rise.

IF risk is coming back, I expect:

a falling us stock market - not in the charts yet
a rising dollar index - not in the charts yet
a rising yen (falling lfx/jpy) -definitly in the charts (monthly hanging man/doji)
a rising gold - yes (on the monthly and daily)
a falling cad/lfx - only on the daily
a falling tnx - yes
a rising VIX - yes

Maybe picture is more clear during next week...

just in case the usd turns bullish:

for usd/cad we might see a double bottom, but for this, in the next 12-16 h, price should turn bullish...

The cad/lfx has had a bearish engulfinf candle, so question is, is it neginning of change in trend, or just a retrace till ~ 1.62

Of course we have seen interisting candles on gbp/cad and eur/cad.

Peter,

Thanks for sharing the above charts.

Just in my humble oppinion, while i like settings for Stop Loss in Ichimoko,
its relatively closeness as compared to daily charts may be
at the disadvantage if we if we can't monitor it closely.

If we choose to use the Stop Loss method use by "Turtle Traders" whom are champions of long term tradings, they use between 2.5 to 3times the Average DailyTrue Range as their stop loss limit for their trades positions.
Its quiet heavy to practise. But they are the champions.

So perhaps to avoid some heart sick episodes, we should be able do some moderations in our stop loss. Lets try discover so new ways for stops loss. Perhaps?

But , hey...I'm enjoying the joy ride on GU since this morning till now. huhu!

Some combination of Ichimoko and TD Sequential in GU daily

Enjoy!

As can be seen,Both indicators and trading system, indicate strong uptrend for GU 4hr timeframe.

But I prefer GU daily Ichimoku, its more stable.

Enjoying the ride.

I`am not in GU at the moment, expecting some downmove at the weekly cloud at ~1.6950.

But I have set up some longterm trade for silver and nzd/usd, will post later during US session.

This was new for me, thank you for sharing. Usualy I place SL a candle length below or above, but I will practice new way of SL

For silver I have started some kind of longterm trade.

I saw this bearish candle below this cloud and went long, because I
thought this is the natural reaction of the cloud, so my SL was hit.

I entered long again and price has broken now into the cloud.

Main reason for the trade was this monthly hammer
above the monthly tenkan sen/ cloud. I could not resist this setup.

It was a high risk entry because the golden rule: never go long below
the cloud.

welcome to bull land !