Monthly Archives: May 2010

UPDATE – Crunch Time EURUSD – 5/27/2010

Posted on May 27th, 2010 by

EURUSD Crunch Time – The Eurusd held its 1.2150 support level and trigger a Kijun Sen cross on the 30 min and we entered a long EURUSD at 1.2217 as referenced with the attached chart by the blue arrow.  We quickly went positive by 120 pips however we have come back hard in the last few hours with 1.2240 holding up.  At this stage I would bring my stop to BE at 1.2217 and have my first profit target just under our last high.  Well make it 1.2317 to sell half.

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 …
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Crunch Time For EURUSD – 5/26/2010

Posted on May 27th, 2010 by

EURUSD Daily – As we look at the daily chart on the EURUSD we see today is the 5th Daily bar testing the 1.2150 level on the currency pair.  This could be setting up for a volatile move in either direction.  Why?  Well first technically this level is a line in the sand for the last 8 trading days.  A break here would open it up to at least 1.2000.  If we break 1.2150 you could get short with a stop of the 30 min Tenkan Sen or Kijun Sen plus a buffer.  If we hold here then we could get long on a break of the 30 min Kijun Sun with a stop using the 30 min Tenkan Sen or Kijun Sun depending on your risk.  In addition with the US holiday coming up trading volumes should be lighter and it wouldn’t take a lot to move a currency pair.  It would be a golden opportunity for a central bank not on a holiday to intervene.

 

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 …
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Ichimoku Analysis of the US Markets 5-23-10

Posted on May 24th, 2010 by

Please see YouTube video below

http://www.youtube.com/watch?v=yj7O8bgGqTM

 

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 analysis: 5-6-10 was it really a “fluke” now?

Posted on May 19th, 2010 by

After the event on 5-6-10, lots of people were stating it was a “fluke” day where it was just massive panic selling.    “The weak are gone and the strong remain”.    Based on what has happened in the charts since that date, 5-6-10 was not a “fluke” date.   Price is actually moving towards retesting the lows/high during that day.   

Look at the AUDJPY below

 

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 Currency CADJPY Trade Exit: 5-19-10

Posted on May 19th, 2010 by

We got stopped out of our CADJPY trade yesterday.   Please see the chart.    If 5/6/2010 was caused by global fear and was a “fluke”, the CADJPY would have broken to the upside yesterday.   It was a perfect Ichimoku setup to go bullish again.    When it penetrated the downward movement, it showed that 5/6/2010 is not a fluke.   There is a very high possibility that we can retract all the way back down.   In fact, if you look at AUD/CHF or AUD/USD, they have retraced completely back to the low’s on that panic day.   

It is unfortunate we got stopped out but it was a good test.   The sentiment now for CADJPY is bearish until the charts tell us otherwise.

 

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 …
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Ichimoku CADJPY Currency Trade Setup: 5-18-10

Posted on May 18th, 2010 by

CADJPY is finally setting up for another bullish run.  We are going to setup for a 120 buy scenerio.

Here is the chart:

 

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 Gold Exit trade: 5-17-10

Posted on May 18th, 2010 by

Yesterday our Mini-Gold Future trade got stopped out on the 120 minute timeframe.   If you were using the Kijun Sen with a buffer off a 30 minute chart, you were stopped out earlier.

Here is the chart:

 

The mini-Gold future trade is looking really good.   Everyone is probably hearing the huge news on and the new target price of 1500.   Do not let anything influence your trade at all.   Let price action on the Ichimoku charts determine what you should do.     In the last blog, we talked about going into PRESERVE mode.   We do not want to give back our profits.  Therefore, we were going to tighten our stop.  Various methods were provided in the last blog.   Below the 120 minute Ichimoku chart which shows the stop for this timeframe.   If you want, you can use a 30 minute Kijun Sen – buffer as a stop.   There is no right or wrong answer.  It is what you are comfortable with.  Remember, you can always re-enter later at a high price.


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Ichimoku Stock BIG: Trade Setup 5-13-10

Posted on May 13th, 2010 by

The weekly chart for BIG looks good for a bullish trade.    Unfortunately, price is below the Kijun Sen on the daily, therefore, we need to keep our risk low.    To do that, we are going to look at an option trade.   We are going to buyg 42.50 June calls for around 0.40/contract.   It is at 0.45/contract right now.   If we don’t get filled at 0.40/contract in 1 hour, we will adjust for the 0.45/contract.

Here is the weekly chart.  Notice how the down movement went and test the major support which was the breakout resistance level.

 

 

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 …
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Ichimoku Sugar Seasonal Trade Setup: 5-13-10

Posted on May 13th, 2010 by

Around June 15, Sugar seasonal goes up unitl August 5.  

Right now, the daily chart is very bearish.   We will put an alert around the Kijun Sen and wait to see what the charts look like then.

 

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 Metal Copper: Should we trade it? 5-13-10

Posted on May 13th, 2010 by

Should we trade copper?

 

Below is the daily chart for copper futures.   It shows we are just consolidating.  No long term trades at all.   If you are a swing trader, you can go to a lower timeframe and swing trade between the daily zones.

 

 

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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