Get started

Ichimokuchart

Aussie Oi Oi Oi! - Ichimoku Long AUD/USD Trade IdeaWe rode this one down for some nice profit last week, and now signs have reversed. We've broken up into the cloud then out. I am looking to take advantage of this temporary USD weakness to get in a long position. I am looking for a drop to support then up and back out again with our TP at a strong level of support/resistance. If support fails to hold or our bullish confirmations change to bearish, this setup may become invalidated.
Long
by The808Trader
Swiss Cheese and Profit? Ichimoku USD/CHF Trade IdeaThe Swiss Dollars has been on a text book bullish breakout and run over the past few weeks. We've finally started to fall down and test Tenken Sen. If we break below Tenken Sen the I will be looking to sell on the drawback to Kijun. We can also confirm this early by watching the 1 hour and 4 hour charts for a bearish breakout since I know it can can mess with your psychology to counter trend trade on a larger chart. If we fail to have a bearish breakout on the smaller time frame charts or we fail to break below Tenken Sen on the daily, this setup may become invalidated.
Short
by The808Trader
Cloudy With A Chance Of MeatBullsAfter a weak death cross of ichimoku MAs Bitcoin has fallen through the thin ozone layer of the ichimoku cloud support on H4. Now we are trying to climb back but the cloud's resistance has a flat bottom which means that we're likely to bounce down. We can move a bit further inside the cloud to 9450 (50% retracement) and get rejected by the ichimoku trend MA. If we're lucky to get another ichimoku MA cross inside the cloud then we might pierce through to the up side. If this is an up trend's wave (1) with 5 completed waves, the whole 1-5 structure must correct in wave (2) to 50-61.8%. Proper correction is long due because of RSI divergence. So, I think, we will go down in ABC fashion to 8600 (38.2% retracement), then go up and bounce down from 9000/EMA 200 to 8200 (50%) or 7800 (61.8%). The trend line will not hold. Breaking 8800 (end of wave 4) and EMA 200 to the bearish side and making a new low will confirm further correction. RSI's value back at the start of up trend (RSI = 28) will likely be the max bottom of wave (2) (blue line). Watch EMA 200, Ichimoku MA cross inside the cloud, RSI 28. The MeatBulls are coming later. Good Luck! This is not a financial advice. Please, do your own research.
BITSTAMP:BTCUSD
by RagingRocketBull
EUR/USD Death Spiral to Continue? Ichimoku - Short Trade SetupThe US dollar continued its rampage last week as this pair slid even lower. I am looking for this trend to continue over the following weeks, but I want to see support broken to get short. We've bounced twice at this level so I really want to see it clearly broken to enter my short. I've drawn out some possible take profit levels I'll be aiming for if I do enter. This trade setup may become invalidated if our bearish confirmation end. This trade idea may seem a little risky to most but I carry a different philosophy than a lot of the traders out there. Many trader at this point would be looking for this pair to reverse, where as I am looking for it to continue. Statistically when a trend is confirmed and in motion (a longer term trend anyway), it is more likely to continue than to end. Therefore I continue to look for entries until there's a confirmed reversal. You'll see this sentiment carried out across the vast majority of trades. 
Short
by The808Trader
Battle of Island Nations - Ichimoku AUD/NZD Trade IdeaThis pair has been on a nice bullish breakout over the past week and a half. I am looking for a wick to test support at kijun for another bullish entry. As well as price has been respecting kijun, I'll be placing a stop just below it which should give a great risk to reward on this trade. I am targeting our previous high of 1.0727 as my take profit. As with the previous trades I will close partial there and let the rest run, adjusting my stop loss periodically. If our bullish confirmations change to bearish or support doesn't hold at kijun sen, this setup may become invalidated.
Long
by The808Trader
2
Swiss Cheese and Profit - Ichimoku USD/CHF Long Trade IdeaThis pair has been in a longer term bullish run now and has held strong tenken sen support. I am looking to get another long entry here off a tenken sen bounce trade. I'm setting my stop around kijun since we are yet to fall to it for support. I am tarting our previous high of .9921, but I will close partial there and let the rest run, while adjusting the stop loss as it rises. If we fail to hold support or our bullish signs change to bearish, this trade may become invalidated.
Long
by The808Trader
A Running of the Bears in Europe? Ichimoku EUR/USD Short IdeaEur/USD has been in a strong bearish trend for week or so now, and we have risen up to test tenken sen. I am looking for a bearish trend continuation sell entry. Ideally we would be rejected here at tenken or kijun which would give us a sell opportunity. For this trade I am targeting our previous low of 1.2060. If we reach it, I will close partial and let the remaining portion run , adjusting my stop loss periodically. If we don't see a rejection or our bearish confirmations change to bullish, this trade may become invalidated.
Short
by The808Trader
Bitcoin. Last chance for bearsIn my last post I talked about the final fight take place in the 4 hours candle at exactly 2018-04-20 20:00 UGT time, and the importance of that candle. Finally it happened that the bulls took control over the situation and left bears and shorters burned. Well we got a beautiful $8940 and just now the price has broken it to 9010 without any fomo at all. There is a couple of important facts to consider of why the volume looks terrible and why the price is not making $100 up per minute: 1. The price has broken the kumo (cloud) in the thinest part. A thin kumo means no volume, easy to break and even more easy to reverse the price below it. 2. Right to the end of the green kumo (possible reverse trend) there is a beautiful shaped bear kumo with a considerable downtrend. In my opinion the price wont ignore it. We just have made a new high at 9010 and back to 8950. Have you seen the price going back any time that a new high has been broken? You don´t often see it, here is different. When the price breaks a nice fat kumo in a daily or 4 hours chart, the price rapidly moon, like LTC breaking the kumo in the 4 hours chart. Right now we just breakout from the biggest downtrend line, and we supposed to have heavy volatility, even more now because we have broken the 1 day chart kumo, which should be a very bullish sign to enter the market, but there is no new money entering, weird isn´t it? Also the 4 hour chart is showing a big hole in supports, which suggest a good price retracement, and together with the other aspects that I explained, brings an idea that we could see a very cool price reversal starting in 1-2 days. However, this is not an exact science so things could change suddenly before you noticed. The price is facing the last high at 9165, which will be tough to break it, but if we do it and price reaches levels around 9250, I will abandon any bear idea so far and I´ll heavy load my long positions. Here is another screenshot of how the 4 hour chart looks in ichimoku. In fact, my take is that the price will start going down in no more than 8 hours, let´s see! Trade safe folks!
BITSTAMP:BTCUSD
by Coinamic
16
GBP/JPY - Profit fatter than Rossie O'Donnell? Time will tellAs the Pound rampage has continued we've been on a nice bullish run with this pair. We've dropped down to test kijun sen once, otherwise this pair has been strong to the upside. I am looking for another bullish entry on a drawback to tenken sen, with a stop loss set just below kijun sen. I am targeting our previous high as my first TP, where I will close partial position. From there I will let the rest run, adjusting my stop loss periodically. If tenken and kijun fail to hold support, or our bullish signs change, this setup may become invalidated.
Long
by The808Trader
GBP/CHF - Will the GBP Rampage continue? Ichimoku thinks so....This Swiss Franc has been dealing with some economic weakness lately, and the Pound has been on a bit of a rampage.I am looking for a buy into into a trend continuation with this pair. I want to keep a tight stop loss so I'll be setting it just below kijuns sen which has been respected this entire bullish run. I'm going to target just beyond our previous high for my first TP level. If we hit it, I will close partial position, and let the rest run, adjusting my stop loss periodically. If our bullish signs change, this setup may become invalidated.
Long
by The808Trader
Trade War Gold - Ichimoku Trade IdeaWith all the economic news and trade wars starting to ensue, uncertainty tends to come with it. In times of uncertainty investors tend to turn to gold, and this has been no exception with the massive spike in gold we had last week. I am looking to hop in this trend on a drawback and feed off the trade war volatility. I am looking for a drawback to the 1337 level to enter a long position, targeting our previous highs of  1360 as a swing trading target. If we fall down through support or any of our bullish signs change, this trade may become invalidated.
TVC:GOLDLong
by The808Trader
EUR/NZD - Ichimoku Long Trade IdeaThis pair has been on my radar since the initial breakout. I am looking to enter a second position once we get a drawback to support. I am looking for price to fall a little and to be met by tenken sen to look for my buy entry and confirmation. I am still targeting our previous high as my TP, but I will probably only close partial position there and let the rest roll with an adjusted stop loss as long as the trend holds. Keep in mind there is a lot of news this week that could invalidate this trade this week, expect high volatility, and always be sure to protect your capital first, before worrying about growing it.
Long
by The808Trader
EUR/CHF Breakout Trade IdeaThis setup is very similar to our last EUR/CHF trade we entered below. I am trading the consolidation zone here. What I'm looking for is a breakout of the zone in either direction to enter a trade. This consolidation makes sense with all the upcoming news we will see this week. A push outside of this zone should hold and I'll look to enter whatever direction price takes. I don't have particular TP's in mind, instead I'll just adjust my stop loss as this pair moves.
by The808Trader