Pound Still Taking A Pounding? - Ichimoku GBP/USD Short TradeThe Pound has fallen drastically with all of the Brexit drama unfolding. As May steps down as Prime Minister there will likely be more uncertainty ahead as a deal or referendum waits to be hashed out. I am looking for a rejection here at kijun sen for another chance to sell as we look to take advantage of this goliath bearish trend. If we find that good rejection candle I'll enter a sell and I've drawn out a few targets I'll be aiming for to take partial profit at along the way. However, if we fail to get rejected at kijun or our bearish signs start to change, this setup may become invalidated.
Ichimokuchart
$CRON: Long term swing trade (1-2 year hold)Disclaimer: This trade is only for the patient.
- After a few weeks of consolidation, a safe entry can be initiated.
- Weekly cloud is thick in volume showing bullish trend is intact.
- $CRON has significant advantage over their piers having a helping hand from $MO (Altria). With their cigarette distribution system, 1.8 billion investment & connections to more potential partners, $CRON is set to go to the moon.
An analysis, not financial advice.
The NT Wave, Ichimoku's forgotten cousinDuring back testing and studying I come across these types of situations from time to time.
In Ichimoku NT price projections don't come up all the time but when they do it's nice to have seen them coming as they're short targets and once established (in my cases) I want to capture the profit I've made especially on the daily time frame. Like the example it's a four month turn-a-round to realize your limited profit/s.
Most the NT targets I get i'll have 1:1.5RR on average (not something I'd want to wait four months for) that's not taking into account we had a nice equilibrium range of 79.620 - 77.768 before hitting NT target we could of taken advantage of, but I digress.
The point of this post is to show a NT price projection and the importance of Time (theory) when trading.
In the chart example from 'A' point i'll explain; (I won't be going into everything on Ichimoku just Price and Time Theory)
Wave/price theory Points
A=75.406
B=78.668 = NT C + (C-A) = 80.130 (Now I have a way to spot NT projections from the start but It's something I've learnt from my own study, I want to show this from a unknown example)
C=77.768
So this is a our first and shortest target (we do get a 'V' Price project of 79.568 but straight away we know this isn't a 'V' set-up if we stay in line with Ichimoku study)
On the 30/Jun we are in a complete return to the Bullish market (according to Ichimoku) now that's the lines are out the way we will focus on time. Without adding every time element to the chart I focused on "Equivalent Values" and one complex/compound value "76" being one loop or three periods.
Time will determine if this way of thinking (referring to the NT projection is correct) now taking our past time history (equivalent values), we will project them forward, these will be our Equilibrium Points (hengi points) which is the important day of charge according to ichimoku.
From the point of entry to our first target the market moves with-in a equilibrium range but doesn't break wave structure (March - Apr we get a weak three wave down but they are noted and smoothed as one 'I' wave)
On the 15/Apr we hit our first target 80.130 (NT projection), Equivalent value '72' our Hengi Point, this is where I would be taking my profits and on the 17/Apr selling pressure returned to the market and on the 18/Apr price dropped, being one off complex value 76, one loop, according to Ichimoku is a reverse of trend number and one to be aware of when price reacts around this value.
Very simple, haha but joking apart it is, once you start to understand how Ichimoku can be used the door of opportunity is huge.
Hopefully this helps in some way with those struggling with Ichimoku, or get a NT Price Value. If others who study Ichimoku have another take I'm happy with the discussion to continue below or a msg to me in private is welcomed, always willing to learn more when it comes to Ichimoku.
$BABA: BUY when everyone is fearful. Risk lovers only.$BABA has been battered down in the past weeks due to the trade war escalating. But fear not, we now get to buy an A1 company at a discount. I see this as an opportunity seeing that business is still rapidly growing; shown in the May 15th/19 earnings report. With the trade war being the only reason for $BABA's sell off, we will soar to new highs once this trade dispute gets resolved.
How to trade this:
- ONLY buy after confirmation of the support in the smaller time frames.
- Have a tight stop loss.
- If stop loss is hit, wait for the next confirmation at the 2nd support.
- BE PATIENT!
Only trade $BABA if you have an apatite for risk.
Trade analysis, not a financial advice.
A journey through Time, will it repeat itself (Ichimoku)Ichimoku Time Theory on the Weekly chart.
This is my analysis of AUDJPY using one pillar of Ichimoku. These are my personal charts I use for the lower TF trades.
I have been contemplating putting charts up again as I have a few who have msg me asking for guidance with Ichimoku and this may help those interested.
Always looking for those who also study Ichimoku to share Ideas in chat, don't hesitate to msg me.
GBPAUD SS Long + 208 Pip PotentialPrice is above the Daily, 60 and 15 KS as well as the cloud. This is a Type 1 trade with a High probability and good RRR.
2 Potential entries (it is one or the other, not both)
Entry = 1.8609 (the 60 KS)
Stop = 1.8589
Risk = 20 pips
Profit target = 1.8704 ( The projected daily high )
Reward = 95 Pips
RRR = 4.75 -1
2nd Entry = 1.8672
Stop = 1.8642
Risk = 30 pips
Profit target = 1.8880 (recent swing high)
Reward = 208 PIps
RRR = 6.9-1
More Aussie Weakness? - Ichimoku AUD/USD Sell Trade SetupWe caught the beautiful drop a couple weeks ago and we're going to look for more bearish entries as long as the market shows us our bearish confirmations. I am looking for a nice rejection at kijun sen for a chance to sell. Ideally we would see that right away, but news may push price around and this may end up becoming more of a sell stop entry later in the week. Either way, if I find a good sell entry I'll be aiming for our recent price structure lows, then even lower price structure lows from a couple months back. If we fail to hold at resistance or to break lower, this setup may become invalidated.
Swing trade $NTAP to all time high. 20%+ upside!As indicated price has bounced off 9 day avg line on the monthly chart; giving us a have a safe entry for swing trade to our price target of $88+. $NTAP will be reporting Q4 report on May 22nd:
"Q4 has historically proven to be a strong seasonal period for free cash flow conversion, as such we remain committed to driving free cash flow of 19% to 21% of revenues for the full fiscal year. Our confidence in our long-term vision and execution is reflected in our capital allocation strategy." - Ron Pasek: Q3 earnings calls.