Monthly Archives: July 2015

“Good Night Trade Project” July 30, 2015 Update

Posted on July 31st, 2015 by
2015-07-31_eurnzd

First, the title of my blog was wrong.    I didn’t take the NZDJPY trade….I took the EURNZD.    Only the title was wrong but the trade description along with the charts…etc was all correct.

Second, we reached out target!    However, the trade never triggered.    The NZD was soo weak, it never pulled back to our support at all.   Here is the current chart this morning.   

We canceled the trade since the setup is over!   This is ok.   We only want to take trade where the market meets our condition.   We don’t want to CHASE the market at ALL!    In taking pull backs, this may occur if the momentum is extremely strong as in this case.    We did not take a breakout trade because we will be sleeping when the trade triggers and wouldn’t have the ability to adjust the stop.  Breakout trades have a higher risk so the stop needs to be adjusted right away.

 

If you would like to learn how to trade like an institutional trader or learn more about our multi-timeframe email alerts, go to www.ichimokutrade.com or email us at info@eiicapital.com

EDUCATIONAL USE. Commodity Futures Trading Commission, Forex, Futures, Equity and Options Trading has large …
Read More >>

“Good Night Project” July 30, 2015 Trade NZDJPY

Posted on July 31st, 2015 by
2015-07-30_nzd_scan

“Good Night Project”  July 30, 2015 Trade NZDJPY

In tonight’s scan, there were a lot of NZD pairs that had a time frame match on the 10/30/60.     As a result, we are going to find the “best” NZD pair possible.     Here is the filtered scan with a heatmap view so we can see what is going on with all the different timeframes.   The scan is from www.ichimokutrade.com.

In looking at all the NZD pairs, we decided to take the EURNZD trade.    The reason is that the same support existed on the 10m,30m,60m,4h, and Daily.    This a multiple time frame support.

In order to keep the risk low, we are going to choose the 30m as the trading time frame.    Here is the chart setup provided by Thinkorswim from TDAmeritrade.

 

The entry was 1.6582 which included the 4 pip spread, the initial stop of 1.6559, and a target of 1.6699.   This is over 3:1 reward/risk so it fits our money management criteria.   We will be risking $23 for this trade.

This is a aggressive trade, not a conservative trade so the probabilities are a little lower.

Let’s see …
Read More >>

“Good Night Project” July 28 trade

Posted on July 29th, 2015 by

“Good Night Project” July 28 trade

Last night, no trades were placed.   During a webinar, we looked GBPNZD from the day/swing trading multiple time frame scan but it was going against the higher timeframes.  As a result, no trade was place.

Patience is the key.    We are looking for high probability setup.  As a result, there may not be trades every day.   Last night was the case!

 

If you would like to learn how to trade like an institutional trader or learn more about our multi-timeframe email alerts, go to www.ichimokutrade.com or email us at info@eiicapital.com

EDUCATIONAL USE. Commodity Futures Trading Commission, Forex, Futures, Equity and Options Trading has large potential rewards, but also has 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


Read More >>

“Good Night Trade” Project: Trade #2

Posted on July 28th, 2015 by
2015-07-27_nzdjpy_rt

“Good Night Trade” Project:  Trade #2

A lot of people in the last couple of years tell me they don’t have enough money to trade at all.   I always tell them that they can start small in the Forex/Currency market, which is the best trending market out there.     They don’t believe me at all.

As a result, we have began the project “Good Night Trade”.     The goal is to show people that are working regularly that they can trade with the “crazy” hours they work and ALSO to illustrate you can trade with little money.    I have taken a “door job” at a local bar in Atlanta getting paid $9/hour.   I will try to work 4 hours every week unless I am traveling or family obligations.   I am then going to put trades on with the money I earn from this “side job”.

Up to now, I have worked two days generating a revenue of $45 for the first night and $30 for last night.    With the $45 from the first job, I put one trade on at night with a $15 risk.   You can see the results of that …
Read More >>

Full technical analysis of China Stock market

Posted on July 28th, 2015 by
2015-07-27_chinamonthly

Full technical analysis of China Stock market

China stock market has been the biggest topic of discussion world wide.   It has apparently affecting the US stock market and others.  As a result, we have been providing updates on a regular basis  with current support/resistances as things unfold.

Here is a detailed technical explanation on what is going on with the technical charts.

Lets start with the monthly chart provided by Esignal which is shown below. Since 2014, the China stock market has been in a bullish trend trying to retest the high 6345 created in 2007.    May and June we tried to break a major resistance at 4783 but couldn’t do it.  Instead, it decided to pull back to the first major support of 3883.  This support so far is holding based on the monthly timeframe.

 

Below the weekly chart provided by Esignal.   For the weekly time frame, there are two resistances.  The major resistance at 4486 and a minor at 4303.   On the last blog, we talked about how price was a minor resistance had a high probability of getting to the major resistance.   Instead, the market held the minor resistance right …
Read More >>

Ichimoku “Good Night Trade” -> Put the Trade on and go to sleep!

Posted on July 27th, 2015 by
2015-07-27_gbpusd_twitter

Last night, at 7:49 pm EST I posted on Twitter that the GBPUSD has a multiple time frame day/swing support at 1.5497.   Here is the twitter feed:

This was a day/swing trade so the goal was to put the order on the 30m with low risk since we did not have a multiple time frame match on the long term time frames.   It was an aggressive trade.

Here is the chart setup:

In the forex world, everyone thinks you have to stay up all hours.   We don’t believe that at all!  This is a perfect example.   We setup the trade and we waited for the market to meet our conditions.   Once it did, we entered the trade with money management already in place while we were sleeping.   This risk was soo low that we didn’t need to move our stop at all.  This is why we can put this chart setup on and then go to sleep.

Here are the results:

Notice, with one contract, the risk was $15 to make $60.     This trade was taken in our “student account” to illustrate to everyone you don’t need much capital …
Read More >>

Ichimoku Stock Trade of the Week: July 24, 2015 7 time frame Buy on ESRX, Express Scripts Holding Co.

Posted on July 27th, 2015 by
ESRX email alert

July 20, 2015, we received an Ichimoku email alert 7 time frame Buy on the stock ESRX Express Scripts Holding Co.  Here is the email alert:

Took the 1hr pull back. Need a 3:1 reward risk. Entry is 91.34, Initial stop is 91.12, and Preserve mode is 92.15. Lets take a look at the chart

If you would like to learn how to trade like an institutional trader or learn more about our multi-timeframe email alerts, go to www.ichimokutrade.com or email us at info@eiicapital.com

EDUCATIONAL USE. Commodity Futures Trading Commission, Forex, Futures, Equity and Options Trading has large potential rewards, but also has 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


Read More >>

Ichimoku Future Trade of the Week July 24, 2015 : 6x time frame Sell HO.C, Heating Oil Continuous

Posted on July 27th, 2015 by
HO email alert

On July 23, 2015, we received an Ichimoku 6 time frame Sell email alert on HO.C Heating Oil Continuous.   Here is the email alert:

Took the 1hr break out. Need a 1:1 reward risk. Entry is 1.6477, Initial Stop is 1.6691, and Preserve Mode is 1.5869. Lets take a look at the chart.

If you would like to learn how to trade like an institutional trader or learn more about our multi-timeframe email alerts, go to www.ichimokutrade.com or email us at info@eiicapital.com

EDUCATIONAL USE. Commodity Futures Trading Commission, Forex, Futures, Equity and Options Trading has large potential rewards, but also has 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 provided on the Blog is for educational purpose.

 

 


Read More >>

Ichimoku Forex Trade of the Week July 24, 2015 : 7 time frame Sell AUDJPY Currency

Posted on July 27th, 2015 by
AUDJPY email alert

July 22, 2015 EST, We received an Ichimoku 7 time frame Sell Email alert on the AUDJPY Currency for the forex market.  Here is the email alert:

 

Took the 2hr pull back. Need a 3:1 reward risk. Entry is 91.72, Initial stop is 91.88 and  Preserve Mode is 91.24. Lets take a look at the chart.

 

If you would like to learn how to trade like an institutional trader or learn more about our multi-timeframe email alerts, go to www.ichimokutrade.com or email us at info@eiicapital.com

EDUCATIONAL USE. Commodity Futures Trading Commission, Forex, Futures, Equity and Options Trading has large potential rewards, but also has 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 provided on the Blog is for educational purpose.


Read More >>

Ichimoku Canadian Stock Trade for the Week ending July 24, 2015: GIBSON ENERGY INC., SELL

Posted on July 26th, 2015 by
07_16_2015_3_C

On July 16, 2015, we received an Ichimoku 3 multiple time frame Sell email alert on GIBSON ENERGY INC., for the Canadian Stock Market. The email is shown below:

The email alert was for a break out of the stock on the bearish side. This breakout setup was emailed through the automated email alert system, as shown above. As soon as the price broke on the bearish side, it had a strong momentum supporting it.    There was an ideal opportunity to take a break out trade.    The entry was at $22.013, Initial stop of $22.623 and a preserve mode of $18.732 was set.  That gave us a risk of $0.61 per share. The Entry, Initial Stop and the Target were based on proprietary ichimoku strategy. As soon as the price started to move in the direction of the trade, a trailing stop method was applied, again based on proprietary ichimoku strategy. The price hit the anticipated preserve mode and the trade exited, giving us a profit of $3.281 Per Share. This trade gave a Risk to Reward Ratio of 1: 5.38. Here is the chart setup:

If you would like to learn how to trade like an institutional trader or learn more about our …
Read More >>