Ichimoku_Kisai

Ichimoku_Kisai Updated 

Long from 107.15 on successful test of the Kijun-Sen as support. Stop below the cloud. PT is former resistance at the 111-112 zone. Wish me luck.

Ichimoku_Kisai

I am posting this update because for some reason TV will not update pivot levels on the "scroll feature". Closed last weeks long at this weeks Weekly R1 level. Congrats to all those that took this trade with me. On to the next setup citizens.

Ichimoku_Kisai Updated 

Now that we broke above the cloud I am looking for a test of the cloud as support. Somewhere around the 107 to 107.20 zone I have orders placed their to buy and am using the other side or bottom of the cloud as a stop loss. Of course any rally above a previous day's high with good momentum is always a good place to jump on board the train going uphill. I will...

Ichimoku_Kisai Updated 

NQ uptrend continues to the Weekly R1 level and the 8000 resistance level. Uptrend still intact. We are sloping up on the Tenkan-Sen and above the Weekly Pivot level with two successful tests of that level. We are also holding the latest demand line which is also bullish. Entry:7929.75 Stop:7813.25 Profit Target: 8010 (or higher with multiple contracts) NQ: $20...

Ichimoku_Kisai Updated 

UJ, critical that we hold the cloud here as support. (Green area). I am watching very closely for any momentum breakthroughs below the cloud (Bearish) or any green reversal candles (bullish) above the cloud in the next few days. Sometimes a trader needs to "monitor' the chart for a few days before he/she takes action. I will set alerts above today's high for a...

Ichimoku_Kisai Updated 

We just got a break above the cloud resistance. This is a good sign for long positions. Continue holding longs. Expect a retrace back to the cloud later as support. We have a good chance to retest the resistance around 113 in the future. Good luck and place your stops just in case we go back into the cloud or below the cloud.

Ichimoku_Kisai Updated 

UJ daily update, Well the uptrend still continues. Target on this current swing is the Weekly R1 level around 110. Pull off partial profits there and let some run further into the trend. The latest green arrow show our entry and the start of the latest upswing.

Ichimoku_Kisai Updated 

UJ daily update. So far we are holding the Weekly S1 as we predicted yesterday, but we still need a momentum thrust to the upside to enter. 200 day EMA is slightly below the S1. If we get the momentum thrust then we will have a bullish engulfing line candle pattern which would also be bullish. Only enter on the momentum thrust above 112.06. Entry = 112.07 Stop...

Ichimoku_Kisai Updated 

We have a repeat buy entry on the EU into the existing uptrend. The entry will also be above the weekly pivot level line (blue), which is bullish. Trade parameters are below: Entry = 1.1369 Stop Loss = 1.1311 Profit Target = 1.1500 (Close to Weekly R1 Level) Keep in mind that this is a momentum play. Do not enter the trade unless we have a momentum thrust...

Ichimoku_Kisai

Sorry, I made some mistakes on some of the text so I corrected it.

Ichimoku_Kisai

A classic example on how well pivot levels still work after all these years. This one is on the EUR/USD for this week so far. Of course they don't always work 100% of the time. Nothing does, so set stops accordingly.

Ichimoku_Kisai

Possible entry for new short position on XAU/USD (Gold). Entry point is a possible bearish momentum play below the Weekly and Monthly pivot levels. Entry would also confirm a possible lower peak and the start of a new downswing. The profit target should be somewhere between the entry and the previous support zone around 1150 or so. Of course you can always...

Ichimoku_Kisai

Recommending a new long on TWTR (Twitter) based upon a cup with handle pattern possibly breaking out to the upside. To confirm TWTR also has a rising 20 and 50 period EMA. Both the 20 and 50 have also just crossed the 200 day EMA to the upside. Recommended entry: 51.70 (Buy Stop Limit) with bounds Recommended Stop: 45.10 (Sell Stop Market) below last support...

Ichimoku_Kisai

I am forecasting a possible classic "Descending Top" lower peak formation for the week starting 8/17/14. This formation follows the classic structure as outlined in the "One Way Formula" by William Dunnigan. We are predicting a closing price reversal from up week (this past week) to down week next week. In other words we are predicting a "red" bearish engulfing...