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 [...]
Jan
28
2010
28
2010
Jan
5
2010
5
2010
Ichimoku Analysis: GBPUSD
Some fresh toughts on GBPUSD …
Dec
17
2009
17
2009
Heads up: GBPUSD Updates
This is probably worse than I thought it would get. It just got back from the lowest level of its Resistance as we identfied yesterday. That is why I said earlier I dont trust anything these days when it comes to GBP. Currently, GU is at a very critical stage right now … Good luck [...]
Nov
27
2009
27
2009
Article: How to trade with Ichimoku
I’ve been asked this question several times on Forums, many times I’ve tried to explain that Ichimoku is basically a Market Analysis Tool and not a Trading System. However, it doesnt mean that you cant make it work for your regular trades. The advantage to trade with Ichimoku is that you’ll get very few Trading [...]
Nov
26
2009
26
2009
Ichimoku Analysis: Cable and Euro 26th Nov 2009
Some fresh thoughts on EURUSD and GBPUSD … by the way I’m still holding my Long Positions for EURGBP from 0.8950
Nov
22
2009
22
2009
Weekly Ichimoku: USD moves 23rd to 27th Nov 2009
The US$ came back rather quite strongly last week and specially the Friday’s selling off on Wall Str was bit confusing for the Bulls, however I’m still convinced that it was a short term correction mainly caused by the Profit Taking by Investors. GBPUSD was the clear loser last week along with Aussie and Kiwi [...]
Nov
18
2009
18
2009
Ichimoku Analysis: GBPUSD 18th Nov 2009
I would buy GBPUSD if its ready to drop first … the Cable has clearly struggled against the Kumo Cloud on Weekly Chart with a Double Top hence I would be careful in next few days.
Nov
8
2009
8
2009
Ichimoku Analysis: An example of Ichimoku Trade
I just found this wonderful chart showing how clear the Ichimoku Signals can be when the market is trending. As you can see in this example of USDILS (Israeli Shekel) the Support and Resistance is clearly respected by the Price. By the way, its a wonderful opportunity to Go Long from here if anyone is [...]
Nov
7
2009
7
2009
Trade Updates: Short on EURUSD
I’m short on EURUSD from 1.49 but for a very limited time period as I’m expecting another re-bound in prices from at or around 1.472 level. I was prepared to add more Shorts from 1.497x levels as that was a very Strong Resistance level for this pair …
Nov
7
2009
7
2009
Ichimoku Analysis: QQQQ updates 7th Nov 2009
The reason I’ve been covering this QQQQ Analysis in a series os posts since last week is to explain how to plan and then follow up on a possible trade. Of course, not every time your analysis will be successful and sometimes you’re forced to go back to the drawing board and analyse things from [...]
Nov
4
2009
4
2009
Trading Idea: Shorting Opportunity for QQQQ
I missed the current Short Trade Opportunity for QQQQ when it dropped all the way from 43.82 but by having a quick look at the chart its quite visible that even a greater opportunity seems to be setting up to short when the limited upside move has finished and the price has entered into the [...]
Nov
3
2009
3
2009
Trade Updates: Short on GBPUSD – 3rd Nov 2009
I’m holding my GBPUSD shorts as the Price has clearly drifted below Kumo Cloud to confirm the Bearish Run … first possible TP @ 6263 Price can retest the Lower lip of Kumo once again which is currently @ 1.6413
Oct
18
2009
18
2009
Ichimoku Weekly: Long Term Bias – 18th Oct 2009
Getting back from an overseas trip and catching up Flu and Cold is nothing new for me, I usually get this whenever I change my environment. But this also gives me an opportunity to just stay at home and focus on preparing Long Term Bias by combining the Ichimoku Analysis with Elliott Wave Counts. PS: [...]
Oct
18
2009
18
2009
Trading Idea: Shorting GBPJPY – 18th Oct 2009
I’ve stayed away from the Monster (GBPJPY) for quite a long time now and havent traded it since almost a couple of months. However, just now when I had a look at the potential weakness coming up in GBP Index, this pair was my second choice to look at in detail after GBPUSD. Similar to [...]
Oct
16
2009
16
2009
Ichimoku Weekly: SP500 Analysis
Some thoughts about Ichimoku Support and Resistance levels for SP500. Everything depends on how the Chikou Span reacts to the Strong Resistance at 1108 level and if it decides to retrace from there. There are even chances that the Chikou Span can break the Kumo with a strong force and cross the Kumo so nothing [...]
Oct
15
2009
15
2009
Trade Updates: EURGBP Shorts – 15 Oct 2009
I’ve booked the profits on EURGBP Trade on 3 different levels. The move has respected well to the Trend Bias identified earlier in the week where EUR was losing its feet while GBP trying to recover from the losses it has seen since almost 2 weeks now. So far this is the end of the [...]
Oct
14
2009
14
2009
4H Trade: Early Exit for GBPUSD – 14th Oct 2009
As suggested earlier in the previous post, I’ve made an early exit for GPBUSD Short Trade @ 1.5800. The original Profit Taking Target was 1.5685 but things changed and so does my trade plan. The Trade Entry was 1.6100 I’m not too sure about the next moves for this pair, the Future Kumo Cloud has [...]
Oct
11
2009
11
2009
Ichimoku Weekly: Support Resistance for Majors
Ichimoku Support and Resistance Areas for Majors such as SP500, NASDAQ, EURUSD, GBPUSD, USDJPY and USDCAD for the week starting on 12th October 2009 …
Oct
6
2009
6
2009
Trade Details: Long AUDNZD – 6th Oct 2009
I’ve taken the First level of Profits at 1.2080 from the previously triggered Long AUDNZD trade. Will hold further positions for the next TP level at around the Kumo Cloud. With RBA decision for AUD Interest Rates, it was only a matter of time before the Aussie could breakout from the Support Areas.
Sep
22
2009
22
2009
Ichimoku Analysis: USDJPY – 22nd Sept 2009
As discussed earlier, the USDJPY has been able to clear the Kumo Resistance with quite a strong move. Currently its enjoying the Support at lower border of Kumo Cloud and if the immediate support at 91.19 is broken than we’ll be looking for the next level of support at 90.80 level. The recent downside move [...]
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