Looking at this chart of Constant Contact (CTCT) we can se some encouraging reasons to take a chance on a long trade with CTCT and expose ourselves minimally. You can see where CTCT had a recent gap up in the market which put it over the 100 period SMA and to this point it has stayed above that level. I have entered this market after CTCT gapped up and pulled back to the 100 SMA @ 14.00. With the…

Looking at the EUR vs USD on the Daily time-frame we can see where price has attempted 3 times to break the resistance of the Kumo cloud and has so far to this point failed. What makes me believe that it is ready to break that resistance now? Not much! From the swing high @ 1.37000 to the swing low @ 1.27709 I have drawn the Fibs and the resistance of the Kumo lines up with the 50%…

Looking at the EUR vs CAD using the Ichimoku system we can see that price has bounced off of the bottom of the Kumo Cloud. The bottom of the cloud is resistance at the 1.32380 mark. Also we have Fib levels drawn in and the 50% retracement level is in confluence with the bottom of the cloud giving us even more reason to believe the resistance level will hold. The 100 period MA which is…

On the chart above you can see the Ascending Triangle pattern and also the point where the triangle was broken. Price moved higher and now has retraced back almost to the triangle support level.…

Looking at the EUR vs USD from a purely technical perspective we can see that price has created an ascending triangle with price making higher lows against the trend line and making same level highs at the red resistance line @ 1.31353. This formation is usually a bullish…

Looking at the chart above of the NZD vs USD on the daily time frame all we want to do is determine the sentiment of the market and trade in that direction. So if the market is bullish we'll go long and if the market is bearish we'll go short. How do we determine the sentiment you ask? Well if…

Traders just wanted to take a moment to help new traders understand the patience that a trade may take based off of your goals and trading style or system. My style is swing trading which requires trades to last at least overnight. In this case my trade has been 2 days and about 56…

Traders it's been a while but hopefully I can remain active in posting to my blog. I am looking at the AUD vs USD on a daily chart above. Based off of the Ichimoku signals this is a bullish market and we can see that just basically by looking at the trend. No indicators needed to see that! It's been…

I wont say much since I have already posted the start of this trade a few post back. So far the trade has moved 160 pips in my favor. Very close to being over extended as the 1 to 1 ratio is @ 80.880

The chart above is the daily and the chart below is the 4 hour time frame. Enjoy and…

Looking at the chart we can see price forming lower highs and higher lows inside of the triangle. This formation is known as a Descending triangle formation which is usually a bearish formation. Price is being compressed until it busts out of the formation usually to the downside in which case we will be looking for price to move to the 1.26575 area eventually forming a double bottom formation. From…

At the start of the week I posted a trade opportunity for the USD vs JPY in which we were looking for a short opportunity based off of the price breaking outside of the bottom of the Kumo for a Kumo breakout trade. We'll it took the whole week but finally today price did break the Kumo and close below that level. This level @ 79.779 is the ideal entry for a short opportunity as we see all signs on…

Following up on our trade idea with AUD vs JPY using the Ichimoku system we entered the market after the daily candle closed below the support level at 82.657 and we are profitable as the pair moved 106 pips in our favor today. Adjusting our profit target and looking at the colored zones we have the fib expansion levels. We are looking for the market to make a 1 to 1 ratio or…

With the Yen being one of the strongest currencies of late we will look at the opportunities arising from it's recent strength. With all Ichimoku signals bearish on the daily time frame our sentiment is for a short opportunity. Seeing that the pair had a false Kumo break on 4/10/12 and then a pullback into the Kumo we had to wait until price found strength to break the Kumo. This opportunity happened 20 days later…

Looking at the chart above we are doing our top down analysis to find a trade on the 4 hour time frame. Therefore we start with this daily time frame to get the market sentiment. The things that we will take notice is:

1. Price vs Kumo:

Price is inside the Kumo…

In my opinion I believe support and resistance rules the market. If you know how to trade support and resistance levels then you probably could do very well with your trading. The Ichimoku system uses support levels of it’s own with the Kumo Cloud, the Kijun and also the Tenkan. Now I am going…

Looking at the chart above of the EUR vs USD I would like to show examples of trading the previous weeks high and low. We are using the 4 hour time frame. The shaded area within the chart is the activity within the trading week. The top of the shaded area is the previous…

Traders no matter what system or indicator you are using, price action is King! I am a huge Ichimoku trader and find it very reliable but still you have to listen to what the market is telling you. Looking at the chart above I'll show you how the Ichimoku system said one thing and price action…

This is a repeat of a previous post I made but since I always show Ichimoku trades I wanted to keep traders informed and show what to look at with Ichimoku.

Ichimoku in Japanese means, "at one glance", Kinko means, "equilibrium" and Hyo means chart. For the untrained eye that doesn't know what to look for from the system the Ichimoku Kinko hyo looks like a bunch of cluttered lines. But for the Ichimoku technician it looks like a picturesque of beauty. What does the trained I see that…

Ok traders this may be a rather lengthy post but I want to give all the analysis of what I see on the horizon.

Being that tomorrow is Friday in which a day I don't like to trade or rather enter longer term trades I will still proceed as normal.

Looking at the chart above which features the NZDJPY on…

Traders today I opened a long trade in the USDCHF on the 4 hour time frame. Since I'm trading the 4 hour time frame I like to get my market sentiment from the daily time frame which is the chart above. now looking at the chart from an Ichimoku perspective the sentiment of the pair is bullish with…