Please … never ever under estimate the Chikou-Span’s Support / Resistance specially on the Weekly / Daily TF. Here is the latest and one of my prviously posted Weekly Charts for GBPUSD …
I’ll let you decide on how clear the signals were to make a trading decision …
Good luck
Some important levels to watch out for …
Some fresh thoughts on USDJPY
In continuation with the Trading Alerts Project, here is the link for the site that will provide you Traditional Trading Alerts based on Moving Averages (50, 100, 150, 200 SMA and EMA), Average Directional Movement, MACD (standard settings) and RSI (14 period).
Here is the link to the Alerts Site
Please test the Alerts and provide your feedback …
Just a heads up that I’ve added a Twitter Account for Trading Alerts which will cover both 1H Trading Alerts as well as 15mn Scalping Alerts
Feel free to subscribe to the Twitter Alerts
PS: Please note that all these links (including Twitter) are for testing purpose only and will move to different sites / accounts once the testing has finished, I’ll keep you posted
Here are the links:
Here is the link for 15mn Ichimoku Scalping Trading Alerts for your testing. Please test the Alerts and provide your feedback.
Note1: These are not Trading Signals but just Alerts, you still need to open the chart and do your analysis
Note2: I generally look for 15mn Scalping opportunities which are in line with 1H trend bias
Note3: I generally avoid Alerts which are outside the London or NY hours and also avoid Alerts during News Releases such as NFP
Good luck and looking forward to your feedback / comments …
Just a heads up that I’ve finished the Development of Ichimoku Trading Alerts site and its ready for your testing. As previously explained, this is NOT A SIGNAL SERVICE and its just a kind of Scanner / Monitoring Service that looks for Potential Trading Opportunities based on certain Ichimoku Elements and their positions on chart.
Currently, it looks for Tenkan-Sen / Kijun-Sen Crosses, Kijun-Sen / Price Crosses and Kumo Breakouts on 1H timeframe. The post will also give you a high level of Trend Bias on 4H and Daily timeframes to make an informed and better decision.
Also note that this link is a Temporary solution and the Alerting Service will move to a different site as soon as the Testing has finished. The new Production site will also have a Twitter Service which means you can be notified through Twitter immediately as and when there is a new post (Trading Alert) available …
Once again, let me remind you that this is NOT A TRADING SIGNAL service and just an alert so that you can have a look at the chart and make a decision whether its a nice trading opportunity or not. Of course, having basic Ichimoku knowledge is essential.
PS: I’ll be away and will not check on comments until next weekend. If you’ve any comments / ideas, please post it here only and not on forums. I’ll have a look at them once I’m back.
Here is the Link to Trading Alerts Site
Thanks.
Just a heads up that I’m taking off from Blogging for a while, not sure for how long but it might be at least a couple of weeks or so. I need to focus more on my trading and specially the Scalping side which of course needs more attention than compared to the 4H or other long term trading strategies.
I would like to use this opportunity to thank all my friends and visitors who have shown interest in my blog (big spikes in visitor stats since I started this blog in August 09), I sincerely hope that my efforts to introduce Ichimoku and clear few confusions about it (such as it can only be used on Long term basis and not for scalping) have made some difference.
Stay well and trade smart because I know you can 
Cheers and Good luck,
There is a difference between closing Short Positions (and possibly being on sideline) and a Great Opportunity to go Long … but then it always depends on your objectives, if a profit of 50 to 100 pips is what required here then it might be a different story other wise I wouldn’t think these EURAUD levels are the levels to Buy for a longer term trade …
The Flat turning Kijun-Sen line has the potential to attract prices however this needs to be watched closely
Just closed my Short Positions though …
I had a nice day today with trading Hang Seng Futures as I was able to wake up early today and got a nice entry into the Long Trade. As you can see in charts I moved my SL higher to the LOW of DOJI candle but that was never taken out …
I finally closed the trade at 20, 400 level as the market should be closed soon and I generally keep myself away from the inactive market hours while trading Futures …
While the 89.50 was the level one should have booked profits on Short Selling, I still doubt going Long from here …
I would rather wait for 4H to cross the Kumo Cloud Resistance first (if its able to do so) if I ever think about going Long on UJ. Also, there are some serious Resistance Levels (extremely thick clouds) on Weekly TF which makes it extremely hard to jump above 96.xx and then later 98.xx levels …
Anything is possible though but I would remain skeptical …
I just thought to post a detailed step by step guide on how to trade with this wonderful setup which is actually a combination of Ichimoku Kumo Breakouts and Heikin Ashi’s Doji Candle for the Exit strategy.
Please note that this strategy can be applied on any market (not just forex) and any timeframe, you should have already seen 15mn scalping with the same setup and this particular example if more of a long term trade based on 4H timeframe. Of course, like any system we get better and more reliable signals on 4H …
Here are the rules:
Hope that helps …
Feeling bearish ? want to buy Dollars and go short on everything ? concerned about Gold and Crude Oil … double dip Recession ? W shape recovery ?
well, nothing new it is, like you I’m in the same boat and have been shorting many things since December 09, however what I’m not sure is whether or not this is the start of something long term …
People like Dr. Roubini and Bob Prechter have already started calling for the end of Market Recovery … but hey, dont forget they have been doing this since May 2009 …
I just thought this Point & Figure chart might help you to see that there are pretty good reasons to stay cautious and not to be caught in this cheerleaders circle who just follow the sentiment. As you can see the NASDAQ market is till riding the Bullish Trendline Support and I wouldn’t call it off until this support is broken and we’ve a confirmation of a real meaningful downtrend to start.
I do not like to listen to these cheerleaders, these are the same people who were calling for the Death of Dollar few months back and they reckoned the Dollar will never come back now. And now here we are in the middle of the correction where everything is losing against Dollar.
Another long term Trade I’ve been holding, this was a risky entry as I wasnt sure whether the Kumo Breakout was valid and it could also have gone back to the Flat Kijun-Sen but after having a look at the USD Index EW Count I decided to hold this one for little longer … no TP limits set at this stage.
Looks like the journey continues … I’ve added further lots at the Kumo Breakout on 4H while the original entry from 1.6501 remains intact …
I’m expecting some temp Support at 1.600 level …
Since I’m getting a lot of questions regarding the rules for my 15mn Scalping system, I thought another trade example (with chart) plus few comments might help to cover all the questions in detail, here it goes:
Hope this helps further …
I’ve been busy in refining my rules for Entry and Exit of the 15mn Scalping System based on Ichimoku Kumo Breakouts … I just took my first Scalping trade today based on the new Exit rules …
here are more details:
Edit: Please do not try this setup during the inactive / quite market hours …
Hope that helps …
I was asked to provide some more details about the Heikin Ashi chart that I posted yesterday. Valenete is one of those forum friends who have been extremely helpful to my learning journey and I assume it as one of top priorities to answer his questions
Here are few charts that I thought might be of interest to you guys on this subject …
I’ve been skeptical about the recent breakout that appeared on EURNZD (as well as EURAUD) chart, I still maintain the view that this is possiblly a Wave-4 correction and we should be heading south once the Bears are back in conrol.
Recenly we’ve had a DOJI appeared in EURNZD Heikin Ashi chart …
lets see if the trend continues from here …
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