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Ichimoku forever

  • #15,901
  • Mar 14, 2011 6:10am Mar 14, 2011 6:10am
USDCAD - also watching this pair for a long position.

Looking for a 30% of position entry @ 0.9710, 30% @ 0.9660 and 0.4% @ 0.9605.

Stops below 0.9550. Targeting 0.9890 and 1.02 area in the weeks ahead if this one works out. Total risk exposure is approx 100 pips targeting 200-500 pip profit targets.

Have a profitable week all.

4x.
  • #15,902
  • Mar 14, 2011 7:00am Mar 14, 2011 7:00am
What's happened to Vic he's still around?
  • #15,903
  • Mar 14, 2011 7:04am Mar 14, 2011 7:04am
Quoting 4xAddict
USDCAD - also watching this pair for a long position.

Looking for a 30% of position entry @ 0.9710, 30% @ 0.9660 and 0.4% @ 0.9605.

Stops below 0.9550. Targeting 0.9890 and 1.02 area in the weeks ahead if this one works out. Total risk exposure is approx 100 pips targeting 200-500 pip profit targets.

Have a profitable week all.

4x.
im confused,this pair is bearish on all TF
  • #15,904
  • Mar 14, 2011 7:41am Mar 14, 2011 7:41am
Quoting SanMiguel
The trendline break was the low risk entry on NZDUSD (plus confirmation below kumo). I am actually out of this trade now at support. Shorting the support area isn't particularly good practice so you might want to wait for a retrace to the Ks first to see what happens. It does look like it is setting up for a breakout to the downside though.

One interesting fundamental outlook. The earthquake in NZ caused the NZD to weaken whereas the earthquake in Japan caused the YEN to strengthen...go figure.

i see -you found a very good timing to enter.i did entered at the retrace to the TS today-lets see.looks like a very good trend
Never again will fade the trend
  • #15,905
  • Mar 14, 2011 8:05am Mar 14, 2011 8:05am
Quoting >Apocalypto<
What's happened to Vic he's still around?
What's happened to Vic he's still around?
  • #15,906
  • Mar 14, 2011 9:37am Mar 14, 2011 9:37am
Quoting >Apocalypto<
What's happened to Vic he's still around?
Vic is on a forum break at the moment, given what has been going on in Egypt I am sure he's got more important things going on.

His methods haven't changed though
  • #15,907
  • Mar 14, 2011 9:39am Mar 14, 2011 9:39am
Quoting mero
im confused,this pair is bearish on all TF
I am just letting you guys know where my head is at for this week.

Ichimoku does not assist with key reversals at tops and bottoms being a trend indicator like other methods do.

Some guys here like to know what my current positions are if I am taking some longer term trades so I post them, there is no correlation between the ichimoku charts and this potential trade in the USDCAD.

Cheers,

4x.
  • #15,908
  • Mar 14, 2011 11:06am Mar 14, 2011 11:06am
Moved stops 1.6125 now +85 on second half of position and tempted to take profits here at monthly pivot level around 1.6188 but will ride it out for a little bit.

Any of you in this trade can probably take profits @1.6188 +148 pips on second half position. First position closed +60.

Cheers.

4x.

[quote=4xAddict;4469231]Added to the GBPUSD long position @ 1.6040 earlier today on the test of the daily pivot.

Took profit on half @ 1.6110 for +60 pips with stops now to break even +10 @ 1.6050. 4hr close above 1.61326 weekly pivot and stops should be moved to 1.6085.

EURUSD - currently watching for any reversal signals around current levels looking for a retest of the 1.3780-1.3830 level before entering a new long position.

Hope some of you guys took some pips from the GBPUSD also.

Cheers,

4x

  • #15,909
  • Mar 14, 2011 12:50pm Mar 14, 2011 12:50pm
Continuation move on USDCHF.
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  • #15,910
  • Mar 14, 2011 2:03pm Mar 14, 2011 2:03pm
in daily and weekly,chinkou span at 25 january gives the last support @0.9236,after this
the black hole...
Never again will fade the trend
  • #15,911
  • Mar 15, 2011 2:51am Mar 15, 2011 2:51am
Quoting 4xAddict
Vic is on a forum break at the moment, given what has been going on in Egypt I am sure he's got more important things going on.

His methods haven't changed though
excellent point thanks for the reply...

EURUSD 1 hour we have major support bounce building off the cloud... still have massive issues in Japan affecting risk currencies so tread with caution.. looking for a buy up and close over the Senkou before i think to take a buy, just an idea ATM.

See what happens in a few hours.

Good Trading
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  • #15,912
  • Mar 15, 2011 3:01am Mar 15, 2011 3:01am
Took profits on GBPUSD on pull back to 1.6140 in the end banking 100 pips on second position.

Those who took my advice to close at the monthly pivot yesterday afternoon did a little better.

Apologies about the USDCAD trade, seems I was just a little too conservative and should have loaded in at 0.92725 rather than waiting for 0.9710 and below. Annoying but better than taking unnecessary risk also.

Currently watching EURUSD for signals of an end to the current reversal around the 1.3780-1.3820 area but am short from 1.3945 with another resting sell @ 1.4020 area that was not filled. 1hr kumo looks like a potential base for a bounce however with FOMC today there is added risk on top of the risk off trade at present from Japan.

Nice trade in the USDCHF SanMiguel! If we get a blow off or flashcrash in the US markets which is possible given there was one in Tokyo today then you could see 0.85 in the USDCHF in my opinion.

Cheers,

4x.

Quoting 4xAddict
Moved stops 1.6125 now +85 on second half of position and tempted to take profits here at monthly pivot level around 1.6188 but will ride it out for a little bit.

Any of you in this trade can probably take profits @1.6188 +148 pips on second half position. First position closed +60.

Cheers.

4x.
  • #15,913
  • Mar 15, 2011 3:53am Mar 15, 2011 3:53am
Quoting 4xAddict
If we get a blow off or flashcrash in the US markets which is possible given there was one in Tokyo today then you could see 0.85 in the USDCHF in my opinion.

Cheers,

4x.
Got a short on AUDUSD overnight also, gonna trail 10% on that for anything more.
EU is a tricky one at the moment, in risk off, it should really be coming down further but hasn't had a massive move yet compared to cable and aussie.

Just a note for anyone else, be very careful on the JPY pairs at the moment. Not only do you have volatility due to the sentiment about JPY repatriation, you have to contend with the BoJ flooding the market to stabilise it - unless you are a high risk high reward trader, I think they are best left alone for the moment.
  • #15,914
  • Mar 15, 2011 4:37am Mar 15, 2011 4:37am
Quoting SanMiguel
Got a short on AUDUSD overnight also, gonna trail 10% on that for anything more.
EU is a tricky one at the moment, in risk off, it should really be coming down further but hasn't had a massive move yet compared to cable and aussie.

Just a note for anyone else, be very careful on the JPY pairs at the moment. Not only do you have volatility due to the sentiment about JPY repatriation, you have to contend with the BoJ flooding the market to stabilise it - unless you are a high risk high reward trader, I think they are best left alone for the moment....
yes, nice trade in the AUDUSD.

EURUSD I think has corrective properties down to the 1.3770-1.3820 area before moving to retest new highs above 1.425 however a daily open and close below 1.36 will leave me on the sidelines in that case.

Cheers.
  • #15,915
  • Mar 15, 2011 4:40am Mar 15, 2011 4:40am
Quoting 4xAddict
yes, nice trade in the AUDUSD.

EURUSD I think has corrective properties down to the 1.3770-1.3820 area before moving to retest new highs above 1.425 however a daily open and close below 1.36 will leave me on the sidelines in that case.

Cheers.
EURCHF is possibly a good play based on flight to safety in CHF but it's done most of the primary move atm, maybe on a retrace. It's a shame as I actually shorted 1.3 last week but got out for next to nothing.
  • #15,916
  • Mar 15, 2011 5:58am Mar 15, 2011 5:58am
Quoting SanMiguel
EURCHF is possibly a good play based on flight to safety in CHF but it's done most of the primary move atm, maybe on a retrace. It's a shame as I actually shorted 1.3 last week but got out for next to nothing.
Always the way mate

I closed my GBPUSD longs from 1.5985 last week in the low 1.61s but ran up almost to 1.62. Closed my EURUSD longs from 1.3780 area last week @ 1.3880 only to see it put on another 100.

My USDCAD long resting orders from yesterday were just a little conservative and in the end 3 pips cost me 200 pips about 5 mins ago LOL.

All fun and games!
  • #15,917
  • Mar 17, 2011 4:40am Mar 17, 2011 4:40am
Quoting SanMiguel
...

Just a note for anyone else, be very careful on the JPY pairs at the moment. Not only do you have volatility due to the sentiment about JPY repatriation, you have to contend with the BoJ flooding the market to stabilise it - unless you are a high risk high reward trader, I think they are best left alone for the moment.
  • #15,918
  • Edited 5:40am Mar 18, 2011 4:22am | Edited 5:40am
Keep an eye on the EURAUD for bullish trades.
EG is still running but wise to take some profit here as the weekly trendline draws closer...I possibly took this trade a little early and had to wait 24 hrs for the move but got a good 50pip surge this morning.
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  • #15,919
  • Mar 23, 2011 3:11am Mar 23, 2011 3:11am
Having weekend candles seems to affect the ichimoku component. Should I avoid broker with weekend candles?
  • #15,920
  • Mar 23, 2011 3:42am Mar 23, 2011 3:42am
really, which broker is that, I have never seen that about. so do you just see two flat black lines? I would avoid it as i have never seen it before and would start to alter the data.

Quoting GeraldFX
Having weekend candles seems to affect the ichimoku component. Should I avoid broker with weekend candles?
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