Monthly Archives: June 2012

Update: 4677-KLS Malaysian Stock Trade of the Week

Posted on June 25th, 2012 by

The following is the update for the YTL stock taken:  https://www.ichimokutrade.com/c/?p=866

The market did made a small pullback to the Kijun Sen (Light Blue Line) and our stop loss hold at RM1.82. The market has moved higher and now our stop loss is now at RM1.905.


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Malaysian Stock – PosLaju

Posted on June 25th, 2012 by

POSLAJU Analysis:

Many traders are excited about the movement in the Malaysian Stock – PosLaju. With Ichimoku, we are cautious about it because it is right at the weekly SKB (RM2.89) which is also a very strong resistance with weak bullish momentum. Unless the momentum can pick up with a bullish movement by this week, we may see a south movement instead.


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Ichimoku Currency / Forex Trade Update: 6/24/12

Posted on June 25th, 2012 by

The stop is now 1.4986 + spread.

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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Weekly Review

Posted on June 25th, 2012 by

The Jury is out. Greece has exited. As the front page of this weekends Wall Street Journal stated. However it was only from the EuroCup.

Looking forward to this week in the US we have Durable Goods on Wednesday, GDP on Thursday and Consumer Confidence on Friday. Other notable news releases are German Unemployment on Thursday as well as GBP GDP, and Friday is CAD GDP numbers.

For the week the S&P 500 should hold the 1370 level. If that breaks then we could return to the yearly highs.

GOLD must hold the 1520-1530 level to have any chance of remaining bullish. You could play that level with a tight stop.

My Overnight trade is getting long the USDJPY on a pullback. Ever since the FED meeting the USDJPY has been moving up and so has rates. Unless the FED makes a move for QE 3 we could retest at least April highs in this. I would bid a pullback overnight based on the 120 min chart attached. The top of the future cloud is 80.20 and the KS is 79.99. I’d be buying that whole area with a stop under 79.70 which is the bottom of the future cloud.


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June 21 Singapore MSCI Futures Trade

Posted on June 22nd, 2012 by

Yesterday we found a 2 timeframe sell opportunity on the MSCI Singapore Futures. Our entry was at 326.0 with initial stop at 327.7. As this is a counter trend trade on the higher time frame, there will be limited profits. We can have either a take profit level or a preserve mode level; a level where we tighten our stops. Our preserve mode is at 323.0. It did reached our preserve mode and we exit at 323.6.


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Ichimoku Forex / Currency Trade Setup : EURNOK 2h chart

Posted on June 20th, 2012 by

We received a multi-timeframe email alert on the EURNOK trade. The trade is a bearish trade i.e. you are betting on it going lower. This is an opportunity but doesn’t mean it is ready to go. It still has to “prove” to us that it is going to start a trend. Therefore, we are going to place a entry order below the major support.

Below is the chart. The entry is 7.4788 with a stop of 7.5348 and a PRESERVE mode value of 7.3966. This gives us a reward of 0.0822 and risk of 0.0560. This is reward/risk of 1.46 i.e. 146% profit. This is the initial reward/risk but will be better by the time we enter since our stop will be better when we enter the trade. When price reaches your PRESERVE mode value, we will tighten our stop and protect our profits so we don’t go “round trip”.

NOTE1: We use a “trailing stop”. Therefore, the stop will need to be adjusted every 2h once we enter the trade.

NOTE2: EURNOK is also considered an “exotic” currency. The spread can be around 50 pips. 1 pip is typically equivalent to 0.20 instead of $1.00. Therefore, this …
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Weekly Market Outlook

Posted on June 17th, 2012 by

The Verdict is out and it looks like the Syriza Party is out in Greece. Pro Euro parties have won and for now it looks like the Markets like the Euro and are bidding it up. This was our feeling last week as said in the Ichimoku Chat Room.  However it will take the printing of money to keep the Euro intact and that should eventually debase the currency. This could be the first month in the plus side for GOLD so take heed. We like the AUDUSD on the 120 min pullback. Ive attached a chart and highlighted the overnight buy zone. You would stop out below the buy zone. The ES has broken back above 1333 and is looking bullish on pullbacks For the Dollar Lovers Special I like MDW off The Ichimoku Stock Scanner. Its a Gold stock that has broken out of a tight range on Friday on Above average Volume. Its been on our list since it was upgraded to a buy 2 weeks ago.

Thats all for tonight


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June 15 Future Trade of the Week : Natural Gas Day trade

Posted on June 17th, 2012 by

We retest the lows for Natural Gas on Thursday at 2.175. The momentum is still not strong bearish so we started to look for a quick day trade on Natural Gas.

The chart is a 30m chart of Natural Gas Future Contracts. The Entry was 2.204 with a stop of 2.192 and PRESERVE mode of 2.223. This would give us a reward of 0.019 and a risk of 0.012.  We will go into PRESERVE mode at that value in order to protect our profits and try to get a higher reward/risk ratio.

CLICK HERE TO READ FULL ARTICLE

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 …
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June 15 Currency Forex Ichimoku Trade of the Week : AUDCAD Bullish 60m Trade

Posted on June 17th, 2012 by

The week before, we traded a bearish counter trend on AUDCAD. This week, we got a 5 timeframe buy signal on June 14 for a buying trend opportunity on the AUDCAD.

The Entry was 1.0235 with a stop of 1.0226 and a PRESERVE mode value of 1.0314. With these values, we would get a reward of 79 pips with a risk of 9 pips. A reward/risk of 877%.

CLICK HERE TO READ FULL ARTICLE

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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June 15 Week Ichimoku Stock Trade of the Week : Pull Back

Posted on June 17th, 2012 by

With the markets in a big consolidation pattern and with the low volume in the equity market, you have to be extremely patient. June, July, and August is where most retail traders and even some professional traders lose money in the equity market. The summer months typically exhibit a big volatile consolidation pattern. Doesn’t mean it will do the same this year. This is why we are still trading but we are very “picky” on what opportunities we take during this period. The lowest risk trades are pull back trades. Therefore, we have been looking at multi-timeframe pull back trades which have a high reward/risk ratio.

Below is a 2h chart of the US Stock Dominion Resources Inc, D. The stock is at a all time high and still has some potential to keep trending higher. The trade triggered this week as a pull back trade.

The trade was initially setup on 5/29/12 when we received a 5 timeframe Email Alert.

Here is the current chart with all the information. The entry was $52.43 with a stop of 52.28 and a PRESERVE mode value of 53.59. The worst case potential reward will be to the PRESERVE mode value which …
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