Monthly Archives: January 2010

Ichimoku Gold Futures: Trade Analysis 1/31/10

Posted on January 31st, 2010 by

Below is the weekly chart of @YG Gold futures chart from Tradestation.   The weekly chart shows that gold futures are finally in a major pullback.   If the pullback causes a trend reversal, we are not sure yet because there are no clear signals yet.  We have to see what will happen.   Most like, there will be one last bullish run before the trend reverses.

Here is the daily chart.  It clearly shows we are are bearish.   Since the trend on the weekly is still bullish but in a pull back mode, we can not take a long term trade yet.  If you are countertrend trader, you can play the bearish trade on the daily chart.  If you are a “pure” trend trader then you have to wait for a clear bullish signal on the daily timeframe.

For 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 …
Read More >>

Ichimoku Currency USDCHF : Adjust stop 1/29/2010

Posted on January 29th, 2010 by
Ichimoku Currency USDCHF 240m 1/29/2010

The USDCHF trade is looking good now.    The Kijun Sen has moved to a value of 1.0504 now so we are going to adjust our stop to 1.0479.    This is reducing our risk.  As the trend continues, you want to adjust your stop with the Kijun Sen in order to reduce your risk.  The goal is to get to a “free trade” where our stop is above your entry price.     If you want to reduce your risk so more because you are happy with the current profits then you can trade the Ichimoku chart off the 120 or the 60 minute now.

For 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 …
Read More >>

Ichimoku Currency USDCHF: Trade entered 1/28/10

Posted on January 28th, 2010 by

The trade we setup yesterday got triggered. There is nothing to adjust yet since the Ichimoku indicators have not changed. It is not time to wait PATIENTLY and not look at the trade. Remember, we have followed our trading plan and now we will let it execute. Therefore, there is no reason to watch this trade at all. We look at it once per day to make our adjustments and that is it.

For 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


Read More >>

Ichimoku USDCHF Currency Trade Setup for 1/27/10

Posted on January 27th, 2010 by

USDCHF is setting up for a daily bullish trade.   The weekly is in a pullback mode so we are going to look for a medium term trade.    Nothing long term since the weekly timeframe is still bearish.

Below is the chart for the 240 minute timeframe.  We are going to enter the trade here to keep our risk low and then move to the daily timeframe when we get some profits.

Here is the daily timeframe.

For 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


Read More >>

Ichimoku E-Mini Futures Analysis for 1/24/09: Is the Market Bearish or Bullish?

Posted on January 25th, 2010 by
ES Weekly Chart 01/24/10

The market last week sold off the last couple of days last week.   A lot of people are trying to determine if this is a correction or a trend change.   Also, if it is a correction, is this a good time to buy the correction?

Below is a weekly chart for the S&P mini-futures.   A lot of people gauge the market based on this instrument.   We are looking at the weekly chart first because we want to see what is going on long term.  All the Ichimoku indicate we are bullish.   However, price has now closed below the Tenkan Sen so we are entering a pullback.  The pullback could be minor or it could be a major pullback that eventually may cause a trend reversal.   At this time, we really can not determine what type of pull back it is going to be.  Therefore, we are going to have to wait and see what happens.

Below is the daily chart for the @ES.    For the daily chart, we have a lot of “confusion”.   Everything was bullish at the beginning of last week.   However, with the last couple of drastic negative days, the Ichimoku indicators are now turning bearish.   The …
Read More >>

Ichimoku Blog Starts Again!

Posted on January 11th, 2010 by

The Ichimoku blog will be starting again on January 13, 2010.   We will be cover all instruments.


Read More >>