Monthly Archives: July 2016

Forex / Currency 6 Timeframe Ichimoku Email Alert for the week ending July 29

Posted on July 31st, 2016 by
EURUSD 6x ALERT

EURUSD Forex / Currency 6 Timeframe Ichimoku Email Alert for the week ending July 29.  On July 24th, we received an 6 and also a 7 time frame Ichimoku Multiple time frame email alert at www.ichimokutrade.com.   Here is the email alert

Based on the 3 Step Trading Plan published earlier. (https://www.ichimokutrade.com/c/?p=10431), we looked at at a pull back trade on a 2h time frame provided by ThinkorSwim.   Here is the chart setup

USDCAD Forex / Currency 6 Timeframe Ichimoku Email Alert for the week ending July 29.  On July 24th, we received an 6 and also a 7 time frame Ichimoku Multiple time frame email alert at www.ichimokutrade.com.   Here is the email alert

Based on the 3 Step Trading Plan published earlier. (https://www.ichimokutrade.com/c/?p=10431), we looked at at a pull back trade on a 1h time frame provided by ThinkorSwim.   Here is the chart setup

GBPCHF Forex / Currency 6 Timeframe Ichimoku Email Alert for the week ending July 29.  On July 25th, we received an 6 and also a 7 time frame Ichimoku Multiple time frame email alert at www.ichimokutrade.com.   Here is the email alert

Based on the 3 Step Trading Plan published earlier. (https://www.ichimokutrade.com/c/?p=10431), we looked …
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DOV, APD, ADBE: SP500 7 Timeframe Ichimoku Email Alert for the week ending July 29

Posted on July 31st, 2016 by
2607_7TF_DOV_PB_Alert

DOV SP500 7 Timeframe Ichimoku Email Alert for the week ending July 29.  On Jul 26, we received a 7 time frame Ichimoku Multiple time frame email alert at www.ichimokutrade.com.   Here is the email alert:

Based on the 3 Step Trading Plan published earlier. (https://www.ichimokutrade.com/c/?p=10431), we looked at a iMTF Bullish Pull Back Trade on a 120m time frame provided by eSignal.   Here is the chart setup:

There is a D/120/60/30 iMTF support @ 71.91, which is also our entry. Initial stop is 71.53.  Our target will be the pivot high @ 73.18. Now, the reward risk ratio was a 3:1, hence we took the trade. However, on Jul 27 @ 1130am, we were stopped out.

APD SP500 7 Timeframe Ichimoku Email Alert for the week ending July 29.  On Jul 26, we received a 7 time frame Ichimoku Multiple time frame email alert at www.ichimokutrade.com.   Here is the email alert:

Based on the 3 Step Trading Plan published earlier. (https://www.ichimokutrade.com/c/?p=10431), we looked at a iMTF Bullish Pull Back Trade on a 120m time frame provided by eSignal.   Here is the chart setup:

There is a D/240/120/60/30/10 iMTF support @149.14, which is also our entry. Initial stop is 148.66.  Our target …
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Ichimoku & Elliott Wave : How far is Crude Oil going?

Posted on July 28th, 2016 by
2016-07-28_crude_monthly

Ichimoku & Elliott Wave : How far is Crude Oil going?    After balancing out at 50, crude oil has slowing been going down.   Initially, the downward movement was a pull back but now people are thinking the bullish momentum has turned into a bearish momentum.   Has it?   Are we in a bearish trend?   Is this a pull back for a bullish trend?

Let’s look at the charts to determine what is going on with crude oil.

Yesterday, we started the “journey” of showing the power of Ichimoku compared to Elliott Wave and Fibonacci.   We will continue this journey and analyze crude oil based on both systems.

 

If you didn’t see the video we posted yesterday in regards to Ichimoku vs Elliott Wave.  Here it is….

 

Below is the monthly chart of Crude Oil futures provided by eSignal with Ichimoku and Elliott Wave.  Elliott Wave has a bearish trend with the Elliott Wave 3 formed with a possibility of a Elliott Wave 4 bullish pull back occurring.  The Wave 4 would be around either 57 (50% Fib) or 66.75 (61.8%).      If price doesn’t get to these pull back levels and …
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PFG, BLK, FDX: SP500 7 Timeframe Ichimoku Email Alert for the week ending July 22

Posted on July 24th, 2016 by
2007_7TF_PFG_PB_Alert

PFG SP500 7 Timeframe Ichimoku Email Alert for the week ending July 22.  On Jul 20, we received a 7 time frame Ichimoku Multiple time frame email alert at www.ichimokutrade.com.   Here is the email alert:

Based on the 3 Step Trading Plan published earlier. (https://www.ichimokutrade.com/c/?p=10431), we looked at a iMTF Bullish Pull Back Trade on a 60m time frame provided by eSignal.   Here is the chart setup:

There is a 240/60/30 iMTF support @ 44.23, which is also our entry. Initial stop is 44.05.  Our target will be the pivot high @ 44.60. Now, the reward risk ratio was not a 3:1, hence for this trade my trading plan did not allow me to take the trade.

BLK SP500 7 Timeframe Ichimoku Email Alert for the week ending July 22.  On Jul 20, we received a 7 time frame Ichimoku Multiple time frame email alert at www.ichimokutrade.com.   Here is the email alert:

Based on the 3 Step Trading Plan published earlier. (https://www.ichimokutrade.com/c/?p=10431), we looked at a iMTF Bullish Pull Back Trade on a 10m time frame provided by eSignal.   Here is the chart setup:

There is a 120/60/30/10 iMTF support @ 357.48, which is also our entry. Initial stop is …
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Forex / Currency 6 Timeframe Ichimoku Email Alert for the week ending July 22

Posted on July 20th, 2016 by
CHFJPY 6x ALERT

CHFJPY Forex / Currency 6 Timeframe Ichimoku Email Alert for the week ending July 22.  On July 19th, we received an 6 and also a 7 time frame Ichimoku Multiple time frame email alert at www.ichimokutrade.com.   Here is the email alert

Based on the 3 Step Trading Plan published earlier. (https://www.ichimokutrade.com/c/?p=10431), we looked at at a pull back trade on a 1h time frame provided by ThinkorSwim.   Here is the chart setup

 

CHFJPY: Price already pulled back once to the MTF and did not retest the pivot, this showed me signs of weakness.

EURJPY Forex / Currency 6 Timeframe Ichimoku Email Alert for the week ending July 22.  On July 19th, we received an 6 and also a 7 time frame Ichimoku Multiple time frame email alert at www.ichimokutrade.com.   Here is the email alert

Based on the 3 Step Trading Plan published earlier. (https://www.ichimokutrade.com/c/?p=10431), we looked at at a pull back trade on a 1h time frame provided by ThinkorSwim.   Here is the chart setup

 

EURJPY: See CHFJPY notes, same problem

USDCHF Forex / Currency 6 Timeframe Ichimoku Email Alert for the week ending July 22.  On July 19th, we received an 6 and also …
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NWL, SHW: SP500 7 Timeframe Ichimoku Email Alert for the week ending July 15

Posted on July 17th, 2016 by
1407_7TF_NWL_PB_Alert

NWL SP500 7 Timeframe Ichimoku Email Alert for the week ending July 15.  On Jul 14, we received a 7 time frame Ichimoku Multiple time frame email alert at www.ichimokutrade.com.   Here is the email alert:

Based on the 3 Step Trading Plan published earlier. (https://www.ichimokutrade.com/c/?p=10431), we looked at a iMTF Bullish Pull Back Trade on a 30m time frame provided by eSignal.   Here is the chart setup:

There is a 120/60/30/10 iMTF support @ 49.06, which is also our entry. Initial stop is 48.92.  Our target will be the pivot high @ 49.33. As you can see from the chart, there are 3 times that priced tried but failed to close above 49.33; From my point of view, this indicates that there is a resistance. Hence, 49.33 is used as my target for this trade. Now, the reward risk ratio was not a 3:1, hence for this trade my trading plan did not allow me to take the trade. And as you can see, if we were to take this trade, it would have failed.

 

SHW SP500 7 Timeframe Ichimoku Email Alert for the week ending July 15.  On Jul 15, we received a 7 time frame Ichimoku Multiple time …
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SP500 at critical level now

Posted on July 14th, 2016 by
2016-07-13_es_1h

SP500 at critical level now. SP500 and other markets are making new high’s.   On the swing trading time frame’s, we saw some interesting price action.   Action that possible cause the markets to pull back if the resistance holds.

 

Below is the 1h chart for the $ES Emini SP500 futures.    Since Tuesday market US open, we have been consolidating between 2138.75 and 2146.00.   We have had some “distortions” but overall the pattern is holding.

By consolidating some of bullish momentum is leaving.   If the resistance doesn’t break soon, we may be going through a pull back.    It is hard to determine if it will be a major pull back or minor until the support is broken at 2138.75.

 

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 …
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Forex / Currency 6 Timeframe Ichimoku Email Alert for the week ending July 15

Posted on July 13th, 2016 by
GBPJPY 6x ALERT

GBPJPY Forex / Currency 6 Timeframe Ichimoku Email Alert for the week ending July 15.  On July 10th, we received an 6 and also a 7 time frame Ichimoku Multiple time frame email alert at www.ichimokutrade.com.   Here is the email alert

Based on the 3 Step Trading Plan published earlier. (https://www.ichimokutrade.com/c/?p=10431), we looked at at a pull back trade on a 2h time frame provided by ThinkorSwim.   Here is the chart setup.

GBPJPY: Did not hold the MTF and reversed.

CADCHF Forex / Currency 6 Timeframe Ichimoku Email Alert for the week ending July 15.  On July 13th, we received an 6 and also a 7 time frame Ichimoku Multiple time frame email alert at www.ichimokutrade.com.   Here is the email alert

Based on the 3 Step Trading Plan published earlier. (https://www.ichimokutrade.com/c/?p=10431), we looked at at a pull back trade on a 30m time frame provided by ThinkorSwim. Here is the chart setup.

CADCHF:  Already hit the MTF before alert.  Looking at the break out set up.

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 …
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Indian $NIFTY at Major Ichimoku Resistance and Elliott Wave 5

Posted on July 12th, 2016 by
2016-07-12_nifty_m

Indian $NIFTY at Major Ichimoku Resistance and Elliott Wave 5.   The Indian stock index $NIFTY is in a long term bullish trend.     Below is the monthly chart provided by eSignal.

We are illustrating two separate systems here.  One is Elliott Wave and the second is Ichimoku.

From the Elliott Wave perspective, we are in a bullish trend and now the “retail” wave is being formed which is the Elliott Wave Count #5.     Most Elliott Wave Technical people will indicate there will be a high probability of reaching the pivot high which is indicated by “63 PTI”.     However, this is not the case YET!     W.D. Gann always stated that a reversal will have a lower high.    In that case, there can possible exist another resistance before the pivot high.     We have shows this other resistance at 8504.11 which was the Wave B.

From the Ichimoku perspective, we are in a strong bullish trend.     Price never got back to the cloud after it started trending.     It held a minor support at 6824.70.     Price now is at a major resistance.   If it conquers …
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SP500 making new High’s, what stocks are leading it?

Posted on July 12th, 2016 by
2016-07-12_heatmap

SP500 making new High’s, what stocks are leading it?  To find the answer for this question, we are going to filter the stocks in the SP500 and find all the stocks that are bullish trending on the higher time frames.   The higher time frames will be Daily, Weekly, and Monthly,

Below is the Heatmap table of all the stocks that are trending on the Daily, Weekly, Monthly,     Notice the font of the numbers changes from black to other colors.   When the number is not black, it means it is over extended.     Majority of the daily time frame are over extended but only a few on the monthly time frame.

With a majority of these stocks not over extended on the monthly, there is still a chance for them to go higher.    However, a pull back is needed in order to clear the over extended conditions on the daily and weekly.

Since we are making new high’s, we are going to concentrate on these stocks for bullish pull backs.  We will be looking for iMTF™ support on Day/Swing and Swing/Long zones.

 

 

 

If you would like to learn how to trade like an …
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