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Ichimokuwave

Ichimoku Daily Health CheckWhat a awesome week for battles between Bulls and Bears. Bulls showed such unstoppable power at the start of the week after a long couple of weeks of domination from Team Bears. Hopes were made, could the Bulls finally take us out of the ranging environment that 2017 has given us, time will tell... Attached are charts from three different time frames showing the overall health of market for the day (my opinion) from a Ichimoku perspective. I do these every day anyway but thought I'd share as I get direct messages from time to time asking to check Ichimoku trades (which I don't mind) and thought posting these may help answer some questions no matter how you trade. I trade mostly the 1Hr time frame but use all time frames to adjust my predictions. (Any questions are welcomed, somethings I miss things as I do this on a few charts each morning). Good Luck today traders. I hope you have a great weekend.
by DoubleBomb
Ichimoku Health Check (1Hr Chart)Since having such a healthy up trend, Monday and Tuesday hitting both Ichimoku Wave targets (900+ pips). We are starting to see a break down in price structure from a 'Ichimoku wave' stand point (my opinion). Above Isn't a trade set-up but a health check I like to do each day before trading, to see how I may trade for the day (this can change at anytime). I haven't shared these before but I'm trying to embrace the Tradingview Community which has been good to me and hopefully you can take some information for your own trading style ;) Any questions greatly welcomed (read attached link first as questions may have been answered). Good Luck today ;)
by DoubleBomb
Ichimoku Health Check-UpSince having such a healthy up trend, Monday and Tuesday hitting both Ichimoku Wave targets (900+ pips). We are starting to see a break down in price structure from a 'Ichimoku wave' stand point (my opinion). Above Isn't a trade set-up but a health check I like to do each day before trading, to see how I may trade for the day (this can change at anytime). I haven't shared these before but I'm trying to embrace the Tradingview Community which has been good to me and hopefully you can take some information for your own trading style ;)
by DoubleBomb
3
Ichimoku Wave Prediction (Improved)Ichimoku 'Wave', formed a nice trade entry into a long position. I created a wave pattern yesterday on the same chart but was a little premature. For those not currently in the last trade, the wave we have created today is a (stronger) valid wave. Our target is a 'N' wave calculation. (of note, trading this pair I have found the Ichimoku 'N' wave to be the most frequent hitting target. How I trade this set-up Conservative - Await for price to break the 'B' leg (109.796) and set your stop on the 'C' Leg (109.429). If price drops below 'C' leg trade set-up becomes invalid. (My trading style) Our target is 110.306. When price hits a projected wave target look at price action and see how price is re-acting to that level. The five lines of Ichimoku will help. Any conversation around this Ichimoku set-up is greatly welcomed. Please note there is no time frame as to when price hit's these levels, my last trade, took a couple of days to hit my target. Potential Trade stays valid whilst price fluctuates between B - C 'I' Wave. Good Luck ;)
Long
by DoubleBomb
1
Ichomoku Wave predictionIchimoku 'Wave', starting to form a nice trade entry into a long position, as I'll be away from the screen I'm posting now. Our target is a 'N' wave calculation. (of note, trading this pair I have found the Ichimoku 'N' wave to be the most frequent hitting target. How I trade this set-up Conservative - Await for price to break the 'B' leg (109.640) and set your stop on the 'C' Leg (109.472). If price drops below 'C' leg trade set-up becomes invalid. (My trading style) Our target is 110.193. When price hits a projected wave target look at price action and see how price is re-acting to that level. The five lines of Ichimoku will help. Any conversation around this Ichimoku set-up is greatly welcomed. Please note there is no time frame as to when price hit's these levels, my last trade, took three days to hit my target. Potential Trade stay valid whilst price fluctuates between B - C 'I' Wave. Good Luck ;)
Long
by DoubleBomb
1
Ichimoku Wave ProjectionIchimoku 'Wave', forming a nice trade entry into a short position. I have only calculated the 'N' wave. (of note, trading this pair I have found the Ichimoku 'N' wave to be the most frequent hitting target. How I trade this set-up (this is my classic way of trading this set-up) Conservative - Enter now as price has already pasted the 'B' leg (109.749) and set your stop on the 'C' Leg (110.080). If price drops above 'C' leg trade set-up becomes invalid. Target is 'N' Wave - 109.000 When price hits a projected wave target look at price action and see how price is re-acting to that level. The five lines of Ichimoku will help. Any conversation around this Ichimoku set-up is greatly welcomed. Please note there is no time frame as to when price hit's these levels, my last trade, took three days to hit my target. Potential Trade stays valid whilst price fluctuates between B - C ('I' Wave). Good Luck ;)
Short
by DoubleBomb
12
Ichimoku wave potentail.Ichimoku 'Wave', forming a nice trade entry into a long position. I have added both 'N' and 'V' wave calculations. (of note, trading this pair I have found the Ichimoku 'N' wave to be the most frequent hitting target. How I trade this set-up Aggressive - Enter now and place your stop on the 'C' leg (110.254) or bottom of projected Kumo (110.523). (I only trade this on a clear trend). Conservative - Await for price to break the 'B' leg (111.050) and set your stop on the 'C' Leg (110.254) or on top of Kumo (110.813). If price drops below 'C' leg trade set-up becomes invalid. (My trading style) When price hits a projected wave target look at price action and see how price is re-acting to that level. The five lines of Ichimoku will help. Any conversation around this Ichimoku set-up is greatly welcomed. Please note there is no time frame as to when price hit's these levels, my last trade, took three days to hit my target. Potential Trade stay valid whilst price fluctuates between B - C 'I' Wave. Good Luck ;)
Long
by DoubleBomb
Ichimoku wave projectionNow that the battle in the cloud is over and the Bulls seem to be hiding, we must see how far the Bears will take their advancement. I have added two waves, Ichimoku 'E' and Ichimoku 'V'. The Ichimoku pattern I have drawn matches a 'V' pattern more then a 'E' pattern; however; the 1Hr chart appears to me to still be in a range and not showing a clear healthy trend so you'll need to look at how price re-acts around these Ichimoku wave support levels. Aggressive = Enter a trade now and place a stop at the 'N' wave line. Conservative = Waiting for a clear retracement and re-calculate a new Ichimoku wave.
Short
by DoubleBomb
6
Ichimoku wave projection Price has retracted back (110.623) to last area of defense (kumo). Possible trade set-up close to becoming invalid. For trade to become valid, price needs to break 'B' wave. Of note this trade set-up, it would be wise to trade conservative. Conservative - Await for price to break the 'B' leg (111.050) and set your stop on the 'C' Leg (110.585). If price drops below 'C' leg trade becomes invalid. I usually like to set my target to a Ichimoku 'N' wave, as I've found it's the most common on the 1hr chart. Any input is welcomed. Good luck ;)
Long
by DoubleBomb
3