Ichimoku forever

I'm at home sick today too... my wife gave it to me, errhh.

Hi guys,

I have just entered a long trade on the audusd at 0.8354 with about a 20 pip stop and a TP at 0.8393.

Hi Giny, good luck, looks like you are already out of drawdown. AUDJPY manage an hourly close above 77 psych level so she might hold to go up if no sellers enter the market here.

Hi guys, if H1 close inside the kumo I might take long here. We find out in 7 mins.

Will post trade here.

Hehe woops! I meant to click long A/J accidentally click long E/J. A/J close inside H1 kumo (above senkou A).

All good, she give signal too

Long 131.917 SL -20

Hi guys please be careful. Green triangles show "smart money" positioning in the market. That was mark down, this is pre London mark up!

Just entered the Eur/Usd at 1.4293.

SL 25
PT 40

As i entered late on the trade PT only 40 pips.

Wish me luck on this one

PA at +25, SL to BE+1 @ 131.917

Hi guys, I decide to exit here as price touch H1 senkou A. Remember we still in downtrend. A/J PA near H1 senkou B as well.

+34 for the trade +50 for the day, I am done

Interesting to note that for the same trade signal on A/J she provide +46 odd pips instead of +34

Nice going, keep it up!

Chngster

Hi guys, I forgot to mention, the drawdown for this trade was -13.

Arrgh.. miss Asian session today.. so many good trades.. Congratulations for triumphant soldiers here. Stay joy. Watch AU with target 0.8440, but wait it to retrace to 0.8350 M15 Kijun H1 SSB or if M5 TS cross up KS. Seem UJ interesting too, she is testing H1 Kijun, will short if she's failing the test

Hi Giny,

Did you end up hitting TP? I noticed she got pretty close to 90 but wasn't watching close enough to see if you made it. AUDUSD is a bit more bullish today with GS upping their forecast for the currency. She definitely held up way better yesterday than the yen crosses and even cable and similar pairs.

Things are starting to turn up on the lower TF we might finally be in for a retrace here guys, I will focus my attention on A/J here as she looks to be winding up for another long signal. Will post full trade as usual if one comes along.

Hi guys, here we go again it seems. No more trades for me today as I take my pips already but here you go one for free. Watch H1 close.

Hi Chngster,

This is true.

The primary reason for this correlation is the market phenomenon that has developed since the beginning of the financial crisis. At the beginning of the crisis money needed a place to go out of the higher risk investment categories (i.e stocks, high yielding currencies AUD, ZAR, CAD, NZD etc) and found its way into the lower yielding safe investments being corporate bonds, government bonds, and low yielding currencies such as the USD, JPY and CHF.

Until we see a material turn around in the state of the major western economies it is unlikely that this correlation will deteriorate any time soon.

The highly risk sensitive currencies at present in the majors are EUR, GBP, AUD, NZD, CAD (Brazilian Real and South African Rand are also high risk however many people outside of the US find their brokers don't offer these pars yet). These are the ones that take a battering when the markets lose risk appetite

There is a strong expectation amongst many analysts (you only need to watch bloomberg/ CNBC etc) that during the coming earnings season in the US a number of large companies including large financial institutions are expected to starting to produce more moderate earnings after the initial boost that they all got from government stimulus and massive job and cost cutting.

As these earnings reduce then the future earnings picture that the markets buy into will start to look more subdued (with cost cuts, job cuts and selling "non-core" assets companies can never make the same earnings as before, there's not enough people to make the money). This is why so many influential people are calling for at least a short term correction in the markets from anywhere between 10-25% from current values.

We are already starting to see the Chinese government making cleverly timed comments that are causing the Shanghai index to fall down to a more realistic valuation level as they don't want a bubble bursting over there for several reasons. One in particular is that while official figures show there has been record lending in China this year, as happened during the last bubble people are working with their bank managers to get loans that should be going on asset purchases but are instead being used as lines of credit to trade the market. If Shanghai crashes and margin call rates skyrocket it will be China's banks holding vast loan books full of delinquent lenders. This is a really interesting topic actually and my friends in Shanghai are all talking about how easy it was to get money and how many of their friends are making heaps in the market. A worrying idea and especially for the government who does not want to be left holding the losses of a sharemarket rout!

It will be interesting to watch this one play out, I for one will not be trying to pick a top to the market however if the US starts to show 2%+ falls I will be taking an overall bearish risk currency position and trading the 1hr charts to catch the full force of any falls.

I may be wrong however I think that this concern about future earnings is weighing heavily on bullish traders which is causing this period of flattening in the markets. Everyone knows that when markets narrow down their trading ranges awaiting some important news that the breakouts can be huge.

Now is a great to to be watching the show!

Cheers.

I'm wondering what's the reason for the spike of GBP and EUR at the start of the London session? No news, nothing. Oh maybe the London Boys again...

Nice thoughts 4xAddict. .
Stock market relates with fx, because it delivers cash flow. Bullish DAX, attracts investor to buy DAX stocks. Invest in DAX = buying Euro. Kathy Lien books, described it well. She said there are three very fundamentals which influence fx market. Cash flow, trade flow, and speculation flow like us .

Any one was in the last move??!! i was in i took this deal in 3 secondes and i slept just opened my eyes now and it was a winner hehe lucky me , my best deals always happen when i leave them and sleep hehe , i'll post it soon

good morning big boyzzzzzz

Thinking of long trade with 5 mins cross, 4hrs is supporting some up move
cheeers

Long is on