Ichimoku Report Feb. 22nd
EURUSD – 3 Attempts and 3 failures Tis now the third time the pair has tried to close below the Kumo bottom and third time it has failed producing a relative doji in last weeks price action. The pair tried to push up then down and went virtually nowhere.The market definitely digested the rate hike from the Fed but it seems like the pair is either consolidating its losses before another run or...
Read MoreIchimoku Report Feb. 16th
EURUSD – holding on The pair has had two downside rejections to break the weekly Kumo but yet upside price action has yet to become strong enough to make a case for a real reversal being attempted. This could either be some profit taking in the short term before new positions build to the downside, or the bulls not really having enough strength to overwhelm the bears. Either case, the...
Read MoreFinding Precise Entries and Exits
One of the most difficult challenges for traders is finding entries and exits. Its an important question that needs to be answered and can determine if you are; 1. getting in at the correct location 2. can have your risk defined and as minimal as possible 3. have a clear location to take profit 4. and know how to protect the position If any of these are challenging for you, then you will want to...
Read MoreMoving Average With Trend Setups pt. 2
We have gone over one method to use the 20ema for getting into trends after they have materialized and gotten underway. In this article, we will talk about another common setup trends often form giving us as traders another method to get into trends. The EMA Failure – With Trend Setup As mentioned before, trends will often oscillate and provide minor pullbacks before resuming another leg of...
Read MoreIchimoku Report Feb. 8th
EURUSD – Only the Bottom of the Kumo As stated last week; The pair fell as expected to 1.3850 just 75pips above the weekly Kumo. Although we feel the pair needs to correct a little bit, we ultimately feel any rallies are just opportunities to sell the pair higher. Just as we wrote, the pair rallied to the big figure of 1.4000 and then dropped 350pips closed in the mid 1.36′s. ...
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