The Ichimoku Report Nov. 30th
EURUSD
Bouncing off the weekly Tenkan and keeping true to the pattern to date, the pair has yet to close below the weekly Tenkan since April so anyone loking for a buy should target bounces off the Tenkan while taking profit at thte 1.5000 level as price has yet to actually close on any weekly basis above this level. However, if the Tenkan has its way, it will force the pair to do so, hence we are coming around the last turn towards a make or break time for the pair. If 1.5000 is going to hold, we feel the breakdown will occur this year, but if the pair can manage any weekly close above it, we suspect the next bull leg will be coming. Until then, the upside is getting pinched as rejections on any major attempts to close above 1.5000 have been consistent so buy on dips on the aforementioned line until the make or break happens with the close above 1.5000 or the close below the weekly Tenkan.
GBPUSD
Stuck between the Kumo and the 20ema (along with the Tenkan and the Kijun) the pair is only 4 weeks away from entering a really complex Kumo structure which flips, twists and goes anemic all in the early days of 2010. Also failing to close on any weekly basis above the Kumo, we have a clear rejection zone for the bears while the bulls are really close to their nearest buy level (20ema, kijun, tenkan) line all posting up around 1.6300 which is a solid price base. We feel this is the most important floor for the bears for the month of December. If this breaks, we feel there is little to stop it except for 1.6000 and 1.5700 on the downside. Any weekly closes above the Kumo suggest it should use the flat top as a base for things to stabilize and if they feel comfortable there, then a strong leg up for the end of this year will likely ensue however we feel time is really running out for the bulls to make any major headway. We feel it will take a minimum of 2weekly back to back bull closes for this pair to break/close above the kumo and considering liquidity is already starting to pull out of the market, we feel those back to back closes have to be this week and next. If they do not happen, we feel the GBPUSD will likely end the year below 1.7000.
AUDUSD
Since March of this year the Aussie has only posted 3 back to back down closes so we feel the likely-hood of it doing it a third time is slim. As expected, the pattern held and the pair bounced off the weekly Tenkan which means the trend is still in place and the line is still climbing just a tad so until we get a close below this, selling is not recommended because you have to guess how much higher its going to go as the yearly highs keep crawling up thus increasing the sellers risk each time so instead of playing the guessing game if you are a bear, wait for the close below the Tenkan. On the other side of that coin is if you are a bull, a simple play off the Tenkan with a stop 66% of the distance to the 20ema (at .8768) while targeting the 9300 level gives you a 275pip target and a 180pip risk but a with trend play. Sellers had to be more sharp, accurate and have wider stops in their plays so we will avoid fighting the currents lest we want to be salmon.
USDCAD
Forming a 7 week wedge with higher lows and lower highs, the pair is stuck between the 20ema and the 1.0200 (yearly low) which makes for a less interesting price structure and something we generally like to avoid. The only real shorts we like on the pair now are off the 20ema and the only longs we like for the pair would be an aggressive one off the low 1.04’s as this has rejected the weekly price 3x now. Overall, the price action over the last 7 weeks makes things a bit ugly and inconsistent so we suggest avoiding anything outside of the levels we mentioned.
NZDUSD
After a failed attempt at a new high or the same high two weeks ago, the pair has started what we feel is likely the beginning of a reversal as the pair has spent a fair amount of time below the Tenkan and made contact (of the 1st kind) with the 20ema. Price did bounce a little of the 20ema but now the Tenkan should act as resistance and with the failed high two weeks ago and the last two weeks of price action producing a lower low from the previous two bull candles, the pair is either entering the beginning of a strong reversal or a downward bull flag which may find a bottom on the Kijun line. Either way, the structure over the last 5 weeks suggest being more bearish than bullish and our first location for attempting shorts would be the weekly Tenkan targeting the 20ema and a stop about 90 pips above giving us over a 3 to 1 R:R ratio.
Chris Capre is the current Fund Manager for White Knight Investments (http://whiteknightfxi.com/). He specializes in using Ichimoku, Momentum, Bollinger Band, Pivot and Price Action models to trade the markets. He is considered to be at the cutting edge of Ichimoku analysis and has already begun writing a book on the Ichimoku Cloud set to be released at the end of 2010. For more information about his services or his company, visit http://2ndskiesforex.com
The Ichimoku Report Nov. 22nd
EURUSD
Showing an inability to have a weekly close above the 1.5000 barrier, the pair has had now 4 rejections on a weekly basis here. We feel this week or next is the decider for the next leg on this pair. A close above 1.5000 increases prospects for a year end push while a close below the weekly Tenkan (has not happened since April) would likely send the pair towards the 20ema just above 1.4500 where a decent base resides just below. The Kijun is climbing fast which will also come to support the 20ema if price should fall. The Tenkan is current flat and on par with the current price which has trotted in place with only feints to the upside but nothing connecting on the chin.
We feel if you want an aggressive long, a touch of the weekly Kijun is workable or a sell just above 1.5000 but we are waiting to see the pair show the next card in its hand. We like the close below the weekly Tenkan because this would likely result in a stronger price move down since the bulls have been in control for some time. Taking out stops has always produced stronger price fluctuations than profit taking and the majority of stops are building below the Tenkan and 20ema as most of the barriers and shorts at 1.5000 have been taken out for now.
GBPUSD
Coming off a three week climb, the pair was working an honest effort to break above the weekly Kumo only to get rejected and close down 360pips from the high and about 200pips from the open. Ironically, the last time the pair attempted and pierced the weekly Kumo, it was also coming off a three week climb ending up in failure. There is hope for the bulls as the Kijun is just below at 1.6373 while the Tenkan and 20ema hover just below at 1.6272 so there is a lot of tough hurdles for the bears to clear before they could wrestle control since there is both a price base and Tenkan/20ema/Kijun supports just below in the 1.6300 region. Should the pair eclipse these major hurdles, we would likely see a strong unwinding of price taking on 1.6000 and the summer lows of 1.5700 which launching price upward 1100pips in 5 weeks.
The Kumo is rather thick so a clearing on both sides in this year could set the tone for next year but the cloud gets increasingly more complex, twisted and contracted in the first months of 2010 so unless the pair makes up its mind soon, we expect a complex and inconsistent directional structure to start off the year with direction only getting more clear around April or May. Light longs can be attempted around the low 1.6300’s with stops just below 1.6200 and targets set to 1.65 and 1.68 while moderate sells just above 1.6875 with stops above 1.7050 targeting the 1.6500 region.
AUDUSD
Forming its first outside reversal and bearish engulfing pattern for the 2nd time this year, we are expecting two scenarios for this week; 1) a violent sell off first being tested by the weekly Tenkan, or 2) a mild retracement back towards the highs. If scenario 1 happens, the pair will have to close below the all important Tenkan line - something only done 1x since March of this year. If it were to do this, we feel price would fall rapidly as the first layers of the long term bulls would be reducing positions. From here, there is about a 75% chance price would touch the 20ema before testing the real resolve of the bulls. Any close below this leaves only the archers at the walls for defense - meaning the Kijun will have to do most of the work. The good thing is the 50% fib level of the last swing up (from 7700 - 9400) resides here so if bulls wanted to add on to their positions for a cheaper AUD, this would be a good place to do it. Beyond this, we feel price would fall until it reached the Kumo where we feel price will likely find support and start to build another run up in 2010. We actually hope the AUD gets this cheap as we’d love to buy around 8000 using the kumo for support to run prices up to 8754 before taking a short breather before going for 9400 and possibly parity next year. Any rate hikes would likely put some wind in the sails but don’t expect the RBA to increase rates in Dec. as they’ve already stated this is not a likely option.
USDCAD
Forming a piercing pattern last week, the pair found support at last weeks lows and used that to climb for pretty much the entire week. We feel this short term momentum will likely see the pair this week gun for another attempt at the stifling weekly 20ema which has kept price under water since April this year over 1300pips ago. Every major approach or testing of it has resulted in price selling off a minimum of 450+ pips each time so anyone thinking of going short on this pair has their location. Be cautioned as momentum has been diverging for some time now and looks like its priming for an upmove and possible break of the 20ema. If this were to happen, the last upside test would likely be the Kijun but beyond that, there is smooth sailing for this pair up till 1.1500. We expect a mild dip in price for this week, likely in the first few days of trading but then for price to climb and make an attempt to take out the 20ema.
One important technical event to note is on the daily time compression. The pair has had its first daily close above the Kumo in over 7 months. The combination of the flat top plus the break could spur some technical buying if the flat top does gravitate price back towards it. If it does and price still closes above it or at it, we feel this could be another buying opportunity and springboard for a decent upside leg for the pair.
NZDUSD
Once the strongest against the USD, now looking like the first to go, the pair failed at making a same or higher high and actually failed quite miserably 110h shy of the yearly highs to produce its 3nd largest weekly sell-off since January of this year. The 2nd largest sell-off for the year was only 4 weeks ago. With the pair now having its 3rd close below the weekly Tenkan, we feel the short term support between 7086 - 7158 will be under pressure soon. There may be a mild pull back early in the week but ultimately we feel the pair should be finding lower ground soon and testing the short term base. The 20ema is currently clocking in around 7000 which would be an interesting place to add longs but the momentum is showing signs of failure like it wants to take this pair down. Any breaks and closes below the 20ema or Kijun would likely result in a sell-off towards the 6300 region before finding any major support for the pair. 7000 and 6900 offer a good support zone but we feel beyond this the 61.8% fib would not offer much of a fight to prop up the current bull run.
Chris Capre is the current Fund Manager for White Knight Investments (http://whiteknightfxi.com/). He specializes in using Ichimoku, Momentum, Bollinger Band, Pivot and Price Action models to trade the markets. He is considered to be at the cutting edge of Ichimoku analysis along with building trading systems and Risk Reduction in trading applications. For more information about his services or his company, visit http://2ndskiesforex.com
The Ichimoku Report Nov. 16th
EURUSD
Not quite trotting in place like a show pony but being rejected at the new highs while making mild gains on the week, the pair has yet to close above the big figure at 1.5000 which we feel is the first requirement for new buyers to come in. The 2nd requirement will be breaking a closing above the yearly highs at 1.5061. If these two events should occur, then we expect a run up to 1.5281 which was the double bottom in the summer of 08′. Any weekly closes above this level suggest the 1.6000 barriers will likely be under attack and really challenge the previous notion in the banking world that EURUSD is ‘protected’ at 1.6000 from going any higher. The angle of this trend and the lack of closing or even piercing below the weekly tenkan suggest the trend is alive and well but has the aforementioned hurdles to spark new technical buying. Any weekly closes below the Tenkan would be the first sign of trouble and the 20ema will be the next defense levels tested. Momentum models suggest the pair should continue doing what its doing like being on cruise control but a break below the zero line on momentum could be the start of some serious unwinding.
GBPUSD
Posting its first 4week gain in a row for 2009, the move is consistent yet tentative. The pair has yet to close above the weekly Kumo flat top which we feel would be an interesting catalyst for potentially new buying. If it closes and holds above the flat top, this would likely push the pair higher to challenge 1.7000. Why is this flat top so hard to break? Because it also represents the 50% fib level of the 2.0151 - 1.3500 downmove so any closes above here trigger two technical events which leave scope for the 61.8% fib to come into play likely in the 1st Q of 2010. A strong break but rejection above the Kumo will likely send the pair to the weekly 20ema just under 1.6400 and challenge the base building there.
AUDUSD
Bouncing off the weekly Tenkan as if the pair was just looking for a reason to be bought up, the pair literally touched the Tenkan, went 12pips past it, then launched and closed 272pips higher. The pair followed suit the following week buy opening and not making a single pip lower from the open to close above the yearly high (was .9326) closing at .9341. This should reconfirm to buyers the trend is still in play but is not really running on a lot of new buying, just the current momentum is still in play carrying the pair. Momentum models combined with Ichimoku Analysis suggest that until the pair closes below the weekly Tenkan, we still want to be buying as the best the pair has been able to do is close two weeks down in a row while producing 5 and 10 week stretches of nothing but gains starting in March of this year. This thing is still trucking and has not shown its ready to give up yet.
USDCAD
Rejecting ‘before’ the pair reached the weekly 20ema, the pair has dropped for two straight weeks and is opening the third threatening to take out the previous weekly lows. If it can muster this feat, the yearly lows at 1.0200 will likely come under attack but the strategy for the pair is simple - wait for a rejection close to the 20ema (weekly chart) and use the Tenkan as the 1st target and the lows for the last 6 weeks as the 2nd target. The pair is making an effort to gain some upside but every strong thrust is continually met with more selling so we like finding rallies and playing for more downside. If the pair fails to close above the 20ema by the end of the year, we suspect it will have one more rally in early 2010 and then start a strong leg down likely gunning for parity again.
NZDUSD
Wanting to make up for the losses from 3 weeks ago, its making a strong case to let traders know the trend is not over. Posting two strong weeks of buying, the pair showed its first real signs of weakness by closing below a rising Tenkan and it acting as resistance for rice. Luckily the pair opened last week and simply climbed so this was a short term good sign for bulls. However, the pair still has ground to make up and the yearly highs at .7632 will provide an interesting test. Any rejection there which has conviction to it will with high probability target the Tenkan. If this is followed by a 2nd week of selling (something not seen since June 09′) then the 20ema will likely be the next downside target. We feel at current price there is an inherent risk issue of buying so but a daily TKx signals is forming which is common to see before a major resistance level is broken. Cautious buying at best until break and close above yearly highs.
Chris Capre is the current Fund Manager for White Knight Investments (http://whiteknightfxi.com/). He specializes in the technical aspects of trading particularly using Ichimoku, Momentum, Bollinger Band, Pivot and Price Action models to trade the markets. He is considered to be at the cutting edge of Technical Analysis and is well regarded for his Ichimoku Analysis, along with building trading systems and Risk Reduction in trading applications. For more information about his services or his company, visit http://2ndskiesforex.com
Except from the upcoming book (Price Action and Pivot Points)
Taken from the chapter Black Holes and Pivot Points:
According to the General Theory of Relativity, a black hole is an area or region in space possessing a gravitational field of immense power that nothing can escape its pull once its reached a certain distance from it (the Event Horizon), not even la luz. It purportedly features an invisible inside or interior which begs the question as to how can we know if its existence. The answer is by analyzing the behavior of stars, matter and space around it. Anything getting close enough to a black hole gets attacted, or shall I say pulled into them, via the gravity which exists inside them. This is exactly how pivot points relate to price action and the statistics support this theory.
On a basic level, we can infer their power (pivot points) because analysis on pivot points and a 1hr chart will show that over time, on average, 75-90% of the 1hr candles will touch a pivot point (including mid-pivots). If I were to tell you price had a 75-90% chance of touching a particular event, would you pay attention to it? I’d hope so. Do we have to know why they do? Not necessarily but we can immediately infer that if price action touches pivot points 75-90% of the time (1hr candles on any given day) then we can also infer it is the institutional players which are placing orders at or close to them.
Since institutional accounts are what move the market more than anything else, and since price is so often attracted to them, then the most logical conclusion would be they are placing their orders there more than anything else. This postulate means nothing is more powerful in terms of placing one’s entry and exits other than pivot points. If you are going to enter the market, best you do it at or near a pivot. If you are going to have a target, a pivot level is a wise choice. If you are going to have a stop, beyond the nearest pivot to where you want to get is statistically advisable. Thus, it is the authors hope after this book, an intensive study will be done on pivots due to their overall statistical impact on the market, particularly price action.
Consequently, whatever your reference point or deciding factor for getting in the market, albeit a moving average, fibonacci level, bollinger band, support/resistance level, etc., a pivot level near such an entry by default will improve the overall success of such a trade via the magnetic effect they have upon price and institutional accounts to place orders around such levels. Now is as good a time to discuss some of the additional statistics which support their black hole or gravitational effect upon price but if its true, then pivot points are just as powerful as black holes considering they affect all the ‘matter’ or price around them.
Rejection or Acceleration - Two Songs
Revisiting our mantra about pivots, ‘price generally has two main responses to pivot points, that of rejecting off them or accelerating past them once broken it would help to understand the why behind such a mantra.
Keep in mind this is not the final edit and may vary from the published version
The book is set to be published sometime in the 1st or 2nd Q of 2010. We actually have Pivot Point and Price Action strategies not discussed in this book in our ProForex Course. To view more information about this course and how it can advance your trading and increase your profitability, click on the following link http://2ndskiesforex.com/pro-forex-trading-course/
Weekly Ichimoku Analysis Nov. 9th+
EURUSD
As we wrote last week, anyone looking to get long could use the weekly Tenkan line which held, rejected the attempt at lower prices, and have since pushed the pair back up within 70 or so pips of the yearly highs. Although some warning should be had in the fact two weekly candles still have not erased all the damage from the sell-off two weeks ago, the bottom line is only a break and close above the yearly high is needed to confirm the rebound and demonstrate the overall strength of the bulls control of the market.
The kumo structure is quite favorable to further gains as long as 1.4100/4200 holds and the base is building for rising support levels in early 2010 so unless a Young and the Restless type drama unfolds soon, we expect the pair to march on with no weekly breaches below the 20ema or the Kijun line which is now parked above the Kumo. Bulls are still in control and until price closes below the Tenkan, buying is recommended 3 out of every 4 times.
GBPUSD
This pair is finally threatening to do something new - that is close above the weekly Kumo. Its pushing the upper edges of the cloud and a break would open up the skies for this pair to make a nice year end push. The harbinger in this scheme is the flat Kumo top or Senkou Span B which is flat till 2010 so that would likely keep price around it for some time and act as a magnet. An alternate scenario is the flat top could act as a springboard for a much higher price but the kumo has yet to really do anything interesting in the upcoming weeks and is rather anemic for the 1st Q of 2010 so we expect any major gains to be lost until the direction gets more clear after the first few months out of the gate in the new year. Overall, we are not as excited for this pair and feel the emperor has to find some new clothes before we cast our votes behind the bulls on this one. To its credit, the pair has climbed 2 straight weeks since bouncing off the 20ema so the support lines could be building from there.
AUDUSD
Opening the week and only making gains, the pair has taken out the losses from two weeks ago and looks set to take out the yearly high. Like the EURUSD, this pair also held well at the Tenkan line and did not even breach it suggesting it has more strength which is nothing surprising but important to note. The base is building for this pair so unless we get a close below the tenkan, any dips towards that should provide great buying opportunities with low risk and plenty of upside. This pair is still chugging along like a champ and we see no reason yet to be sellers for unless we lose our sanity and intelligence. 2010 should be nothing but gains from 7800 up to a likely parity touchdown. The only three hurdles left for this pair are 9326 (yearly high 09), 9400 (swing high March 08) and .9845 (high for 08). Beyond that, the big parity should be tagged with only a modicum of effort from the bulls. This month should be more interesting as the RBA is expected to raise rates again for the 3rd time this year. Gains leading up to that will likely just highlight traders overall confidence in this pair.
USDCAD
This is a case of the ‘close but no Havanna cigar’ (which I highly recommend btw) as the pair attempted to break the 20ema only to be rejected just shy and take it back on the chin selling off roughly 300pips since the high from last week. The pair opened the week and has dropped 200pips so we do not see any bulls coming in soon, especially since we have just breached the Tenkan so selling should remain strong for the rest of the week. Breaks below 1.0430 should add more kerosine to the fire and we feel this would likely result in an aggressive move to 1.0381. A close below here targets the yearly low at 1.0200.
NZDUSD
Although this pair has the most make-up homework being the one to close below the weekly Tenkan and drop the most two weeks ago against the USD, to its current credit the pair has opened the week and produced all gains with the high in place now being the virtual high for the entire week so the engines are moving along for the bulls. They will likely be cautious going into the 2nd attempt at the yearly highs (just north of 7600) but there is plenty of space and profits for them between here and there being 200pips of play so we feel dips will be modest until we press on the borders of 7600 for another inspection. As long as the pair closes above 6600 for the year, we suspect buyers will continue to come into the market gunning for 8000 and likely 8229 (08 high). The Tenkan has shown less reliability than the other pairs so we would be apprehensive about buying here but if the 20ema can make it up to the swing lows of last week, then we would be much more interested in buying then.
Written from the shores of Punte Del Este, Uruguay
Chris Capre is the current Fund Manager for White Knight Investments (http://whiteknightfxi.com/). He specializes in the technical aspects of trading particularly using Ichimoku, Momentum, Bollinger Band, Pivot and Price Action models to trade the markets. He is considered to be at the cutting edge of Technical Analysis and is well regarded for his Ichimoku Analysis, along with building trading systems and Risk Reduction in trading applications. For more information about his services or his company, visit http://2ndskiesforex.com
Weekly Ichimoku Analysis Nov. 2nd+
EURUSD
The armor has been dented. The first signs of damage to the upward assault have been marked on the shield and the first wound delivered. Why?
Since the pair broke above the weekly 20ema and the Kumo, there has not been one weekly loss this heavy on a closing basis. On top of that, in the last 33 weeks, we’ve only had two other closes (on a weekly basis) this strong or more. On top of this, in comparison to the other two candles of this magnitude, this one opened closer to its high and closed closer to its low so the selling pressure this week was most consistent.
Does this mean I want to be short EURUSD yet? Not necessarily. Being long USD is not my favorite prospect at the moment and needs more confirmation. Am I open to being short now? Yes, with more confirmation since the armor has been weakened.
Some options for shorting would either be towards the previous yearly highs or on a weekly close below the Tenkan (has not happened in 27 weeks). Options for going long would be on a bounce off the weekly Tenkan or on the 20ema.
Overall Kumo structure suggests medium to long term the trend should remain up. But there the price action suggests a short term correction could be underway. Be warned as overall prospects for being bullish are not as golden as they were before.
GBPUSD
The picture for this pair did not get any clearer after last weeks close. If anything, it made it more annoying as it posted an inside week. The good thing about this is probabilities suggest this week will be an outside one. The malo thing about this is the direction of which the break will occur is less clear from the price action. The Tenkan, 20ema and Kijun are coming closer suggesting decision has yet ot really manifest itself so building heavy positions is not recommended until we have a solid break, particularly above 1.6750ish or below 1.6200.
Price is still inside the kumo and if we do not get a close outside of it on either side by year end, the beginning of the next year should get messy till early summer. Overall, until a break of the aforementioned levels, we recommend shorter day trades on this while not holding any positions beyond an intraday session.
AUDUSD
The outlook on this pair is similar than the EURUSD except the pair had its strongest open-close loss in the last 33 weeks so the stakes are up’d a bit. The pair has found buyers at the weekly Tenkan so this should inspire bulls for now. Pero, another failure at the yearly top made two weeks ago, or at a fib level from that top (.9326) to the current tenkan reading would strengthen the bears claws.
Our strategy for this is the same as the EURUSD on both sides of the market along with the overall medium/longer term outlook. The only thing which would change our long term view would be a weekly close below the Kumo but we place this at about a <20% chance of happening and feel overall any strong dips are opportunities to buy AUDUSD for another run up to an eventual parity which we feel will happen in 1st or 2nd Q of 2010 since the overall weekly kumo is building over time.
USDCAD
Producing back to back weekly gains - something it has done only 3x in the last 34 weeks the next test for the bulls is the weekly 20ema, an entity which strongly rejected it the last time. The difference this time is a major fib for the swing move down from 1.3000 was right there at the 20ema when it happened. On top of this, the weekly advance prior to attacking the 20ema the last time was smaller in nature than the current week that just closed suggesting there is more power behind this move than the last. This is also represented mathematically in the last major attack on the 20ema was 580pips over 4weeks while this last advance was roughly 580 pips over two weeks - an important fact to be considered.
One other important note was the kumo wherein last time it was much thicker and in the zone of the 20ema whereas now its further away from price (less of a threat) and thinner in nature so a reversal is much more likely to happen now than ever. If it does not break the kumo to the upside between now and end of March next year, chances for bulls to establish control weaken.
NZDUSD
The funny thing about last week was that the pairs that were doing the best against the USD suffered the most while the pairs doing the worst endured the least amount of torture. Not really funny as it makes sense from an order flow perspective, pero - the kiwi really took one on the chin uppercut style. In fact, it was the only trending pair which closed below the weekly tenkan which is the most damaging to the bulls technically. So far, the pair has now treated the tenkan as resistance while making modest gains. If the current model plays itself out with the pairs that had done the best against the USD are now going to fare the worst, the kiwi is in for a larger fall. Downside tests are the 20ema, something not seen since the first week in may so any test if this should be very interesting with a close below likely resulting in a drastic and quick fall to the kijun causing a technical event to force bulls to exit most of their positions. Overall, we feel the medium to longer term bullish structure is in place as the kumo is lo mismo to the AUDUSD and supports an upside advance as long as no weekly close below the kumo happens between now and early March 2010. Dips that travel to the south will likely return north for an attack upon 82 cents (the high from 2008).
Chris Capre is the current Fund Manager for White Knight Investments (http://whiteknightfxi.com/). He specializes in the technical aspects of trading particularly using Ichimoku, Momentum, Bollinger Band, Pivot and Price Action models to trade the markets. He is considered to be at the cutting edge of Technical Analysis and is well regarded for his Ichimoku Analysis, along with building trading systems and Risk Reduction in trading applications. For more information about his services or his company, visit http://2ndskiesforex.com