The808Trader

The808Trader

Love where this pair is at! We're about to attempt a bearish kumo breakout here at market open. I've drawn my entry a little lower near the bottom of the previous bearish kumo to the left of price. I've placed a stop loss just above the most recent candle high. This can turn into a nice swing trade, but I've also drawn out two partial profit levels to aim...

The808Trader

Euro has been rising for a while now and we're close to actually establishing a longer term ichimoku bullish trend now. We closing in on the kumo twist, chikou span is already above price and free, and tenkan/kijun are in a bullish formation. I am look for a drop back down to the kumo and support to hold for a chance to get into a longer term swing trade to...

The808Trader

This pair has been pushing up with a lot of the news coming out about China changing their peg back to yuan, as well as the downturn of the markets that we've had with the corona virus epidemic. We got a long wick right before the market closed last week which lines up with a kumo rejection on the daily chart. For this setup I'm looking at a drawback back down...

The808Trader

We're going exotic for this one! I am looking for a drawback setup here and I've drawn my entry at a break of previous price structure support. My overall target will be the flat Kijun sen that is forming, and I've marked up some price structure to targets to aim for as well. Since this is only slightly more than a 2x risk to reward, I'll be taking a smaller risk...

The808Trader

This is a slightly different setup than I normally take but the risk to reward is pretty good here. I'm taking a sell here for a gap closure and even a little beyond it to the flat kumo level. While this isn't my usual ichimoku setup I do like to take these gap closure trade when the risk to reward is strong. 

The808Trader

We've got a little bit of a gap up here and I'm looking for a chance to buy on a slight drop. I've drawn my entry line at a potential support area that I'm looking for a drop to as well as support to hold to help confirm it's time to keep buying this pair. You can see my price structure that I'm setting as a take profit left on the left side of the screen....

The808Trader

I am looking and yet another drawback setup. The kiwi is in the middle of a drawback currently and I am watching to see if we get a push all the way back up to our flat kijun sen level. If we do, I'll look for a rejection to sell back down to our previous price structure lows. I've drawn my stop loss above the wick that I believe would disprove this setup...

The808Trader

This pair steadily rose last week forming some new price structure support along the way. We are currently in a drawback testing that support and i am looking for a chance to get long if we show signs of that support holding. I've drawn a potential buy entry I'm watching at our kijun sen and a previous structure support level. If we form a support candle or show...

The808Trader

This pair broke through resitance and the kumo last week to start a bullish run. We have a bullish kumo continuing to form and chikou span is above price and clear. I am looking for a drawback to previous price structure and kumo resistance to now act as support. If we can get the drawback to the entry level I've drawn and show signs of support, I'll get...

The808Trader

This is a longer term swing trade that I am currently looking at. Price structure looks good and all signs look bearish, there are two ways to enter this trade. The more ideal of the two is how I've drawn it on the chart here with a drawback and resistance holding to push further down. The second way is to take a trade with a break below our current candle...

The808Trader

This pair finally broke above a resistance level we've had our eye on in the membership. Ideally we would get a drawback all the way back down to the top of that zone to act as support. If it holds then we would look to get long which is how I drew it out on the chart. While we could take a buy on a break up above our current candle wick high the risk to...

The808Trader

The pound made a big comeback last week and now we're testing the flat kumo. I am not interested in a buy until we prove that we can break up and above previous resistance which is where I've drawn my entry line. We have bullish confirmations right now but the bullish kumo is still in a weak area down and below the previous bearish kumo. We are testing and...

The808Trader

This setup is pretty straight froward. I am looking for a bearish kumo breakout to validate a sell signal. Right now we are holding back above the flat kumo, so I need to see that level broken where I've drawn my entry level to help confirm it is indeed time to sell. I've placed my stop for this setup above the recent price structure Lower High. As usual...

The808Trader

This pair finally was able to break up and out of some major price structure resistance last week. I am now looking for a drop back down to that level to see if it can act as support. If we can get a decent support to form I'll look to get long at the level I've drawn as the push continues upward. I've drawn out partial take profit levels on the way to my...

The808Trader

We saw a massive spike down and below price structure support last week as the US rallied to some big gains. I am looking for this new trend to continue to establish itself and am looking for a drawback to enter a sell. I've drawn a possible entry level where I'd like to see price drawback and reject at for a chance to sell. I've drawn out my partial take...

The808Trader

With the strength we saw in the pound, we've now risen up to test a couple flat kumo resistance levels. I am looking for a break up and through the kumo and beyond those levels for a chance to get long. For my overall price target I've chosen a flat kumo level that lines up with a kumo twist. I've drawn out partial profit levels on the way to that overall...

The808Trader

The pound got a push up and above the consolidation zone we've had our eye on for some time now. For this setup, I've set my entry line back at the top of the zone. For these zonal breakout trades I like to see price come back down to the top of the zone it broke out of, to make sure price will now respect that level as support. I'm targeting a price...

The808Trader

The Euro ended last week gaining some strength against the dollar. I see this pair as a couple of possible buy opportunities right now. The first way this could play out is how I've drawn it. We've pushed up and are now challenging kumo resistance. If we can break that and continue to hold support we could climb higher to test previous price structure...