Monthly Archives: February 2010

Ichimoku Oil futures and CADJPY correlation- 2/25/10

Posted on February 25th, 2010 by

Attached is the 10 minute charts for the CADJPY Currency pair (Left) and the Crude Oil futures(Right).   Notice how the chart patterns are very similar.   This illustrates how the CADJPY currency pair is related to Oil futures.    Check out the daily timeframe and see if you see the same correlation.

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


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AUDUSD Ichimoku New Trade: Stopped Out

Posted on February 11th, 2010 by

The trade got stopped out.   We went in before the announcement with very low risk just to trade the news.  Either we were going to get stopped out or we were going to get over 100 pips.   This is what happens when you play the news announcements.  These types of trades are ONLY for AGGRESSIVE traders.

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


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Ichimoku AUDUSD 30min Trade Setup : News announcement

Posted on February 11th, 2010 by

At 7:30pm EST there is going to be a news announcement that will influence the AUDUSD.    The daily is bearish with a pull back occurring at this time.  THe price is right at the Tenkan Sen on the daily timeframe.  We are going to trade a very short term trade with very little risk off the 30 minute.   See chart below.  If you are a conservative trader, do not trade lower timeframes.

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


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Ichimoku USDCHF Trade Exit: 2/9/10

Posted on February 11th, 2010 by

The trade for the USDCHF stopped out at 1.630 with our entry of 1.0678.  We reached our initial level so we had take some positions off at that point.

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


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USDCHF Ichimoku Trade: Change Stop 2/9/10

Posted on February 9th, 2010 by

The new stop is now 1.0630 since the Kijun Sen is 1.0651.

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


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Ichimoku USDCHF 240min Stop Change: 2/5/10

Posted on February 5th, 2010 by

USDCHF has reached our first support level.  If you have multiple contracts on this may be a good time to take some off and then let the rest go to the next resistance level.   Our stop is now 1.0625.   Our entry was 1.0678 so our risk is now drastically reduced.

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


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Is the Stock market bullish or bearish now?

Posted on February 5th, 2010 by

In order to see where the market is at, we are going to examine the E-mini S&P500 futures. (@ES in Tradestation).   Since March 2009, we have had a nice move up.   From the low of 653.25 to the high 1148 the week of Jan 15, 2010, we have moved 75.09% over a 45 week span.  That is a very nice move that a lot of people did not expect.   This is roughly a 50% replacement from the high of 1589.50 during the week of Oct 12, 2007.   Now what?   Is this a pull back we are experiencing or a trend reversal?    Let’s examine the Ichimoku charts to determine what is going on in the market.

Below is the weekly chart of the @ES.   Today, we reached the Kijun Sen for the very first time since the move upwards.   A couple of times, we penetrated the Tenkun Sen but we never have reached the Kijun Sen at all.   A major pull back is definitely occurring at this time.   Where the pullback ends is a big question?  Also, will the major pullback cause a trend reversal is another question?   There is no way we can tell at this time.  One thing we …
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Ichimoku USDCHF 240 min Trade Entered 2/4/10

Posted on February 5th, 2010 by

The trade was triggered at 1.0678 during the day.   We are adjusting our stop to 1.0575 at this time since the Kijun Sen is at 1.0595.

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


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Ichimoku USDCHF 240 minute 2/4/10 Trade Setup

Posted on February 4th, 2010 by

The USDCHF Ichimoku Chart is now setting up for another trade. Our stop will be 1.0545. Remember, when the trade enters, the stop will be re-adjusted.

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


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Ichimoku USDCHF Trade Close 2/3/10

Posted on February 4th, 2010 by

Our trade stopped out at 1.0539. We entered at 1.0520 so the trade was positive.

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


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