A little trade at supply level that gave me a little 34 pips of profit on half of my trade. When it go to 1 ATR, I closed half and moved my stop to break even. Price turned around and hit my stop loss.

Oh well. Any profit is profit. It’s always better than taking a loss. I prefer a little profit than seeing a winning trade turn into a looser.

Price is going back in the supply zone. Let’s see if it wants to turn around again.

 

This trade looks like it’s gonna be an amazing trade! This is the second time price hit that low since December 2018. At that time, price rallied back with a very nice bullish engulfing candle, which created a demand zone.

I took that trade from the return of the price to the demand zone. I used price action to get a long order at 1.2550. Price has now moved 166 pips passed my buy order, which is pretty great!

Price is moving fast toward my first TP, where I will close half of my position and let the rest ride until I get a signal that momentum is slowing down.

Let’s see where this goes.

UPDATE: June 23rd 2019

I have closed my half of my position at 1.2721 for a profit of 173 pips. Great trade so far. Moving my stop lost to break even. I have made more that 2xATR of profit so far. Bullish candles seems to be showing that there will be more momentum in the next days. Let’s keep an eye for possible reversal price action near latest higher high.

UPDATE: June 29rd 2019

I closed the 2nd half of this trade at 1.2729. Price was reaching a supply zone and a resistance zone. Price started showing a reversal candle. Still, this trade was pretty profitable. Closed the first half for 171.3 pips of profit and the second half for 179.3 pips.

Lets see if we can find another one.

The EUR/USD pair has been in consolidation since the end of October. Il keeps hitting the 1.4600 and the 1.2900 zones. I am setting alerts as if the price gets to break the highest bull fractal or lowest bear fractal of the consolidation zone, I will probably be waiting for a pullback and proper price action to get in if there is a new trend forming.

I have been watching the GBP/CAD par for a while now. It has been in consolidation since the month of august 2018. It has been constantly rebounding between the 1.7250 and 1.6600 level. I have set alarms and I keep checking it every time it gets close to those limits again. Ichi is no good in those situations. Right now, I am watching for a break of the highest bull fractal, which is at 1.72835. If I get a candle to close above this line, I will check really closely price action to see if a trend could be starting.

These are the possible trades that I will be looking for this week.

USD/JPY is in an uptrend on the weekly chart, and also on the daily, but seem to be doing a pullback in the cloud from the top. Looks like price action found resistance at the Senkou B. Will be looking for a Kijun break from below and will open long a little bit higher than the last bull fractal at 114.00.

USD/CAD is in an uptrend on both the weekly and the daily chart. We are making higher highs and higher lows on this one. I missed a tweezed bottom on the Kijun on the 4th of December. Price has broken last june resistance, but now it is coming back down. I like that pullback because I found that the price was a little far from the Kijun. I will wait to see if we break another bull fractal at 1.3453 before going long on this one.

USD/SEK is still bullish on the weekly chart. Price has found support last week on the Senkou B and now has moved up to the Kijun, and has made a hanged man there. I dont know if it is hitting support on the Kijun level. I am closely monitoring this trade as I have a position open. See:
https://simonzedfx.com/2018/12/02/orders-on-usd-sek-december-2nd-2018

GBP/USD is bearish on both weekly and daily. Chikou has just gone through price action on the daily. Senkou B is flat since October, which shows consolidation of the price. There is a strong support at 1.2705. Would enter short if the last bearish fractal would be broken at 1.2641.

So these are the trades I am monitoring this week. Let’s hope we can get a few pips out of those.

I am looking at USD/SEK right now and what I see is that the it has entered a consolidation period after a nice uptrend. We can see a pennant pattern appearing which might mean a continuation in the trend. All the weekly Ichi indicators shows that the USD/SEK is still bullish. I am placing two price alerts in zones above and bellow the Kumo. Although I would not take a bearish trade on the daily when the price in the weekly is still above the Kumo, I still want to check it in case this would become a reversal and I could get in as soon as I can in order to catch what I can.

The price is moving up to a resistance that has not been touched since November 2016. So I am guessing that there will more a reversal that a rally upward. So I will be looking at reversal candle patterns at the zone of 9.1463. If this zone gets broken, I will open a long position to get the most of the uptrend.

UPDATE: 2018/12/05

The price action has broken on the lower part of the triangle. I am watching to see if the price will move down to the 8.9162 level. If it does, I would enter short at the lowest bearish fractal at level 8.8733. The weekly chart still show a bullish trend, but there could be a reversal as the cloud is becoming really thick and the price is just over a twist. If the price move to that level, chicou should be in the clear to move even more down.

 

Hey everyone,

I’m back to trading!! I dont have a lot of time each day to trade to started studying and using Ichimoku as my main trading method. I will still look for reversals trades and I still use price action and candlesticks analysis, but my main focus now will be with the Ichimoku.

As a matter of fact, after a long break, here is my first position of this year. Let’s hope we finish the year with a few pips on this trade.

Here I am looking at the Euro against the Singapore Dollar. The price is trading below the cloud and all the other Ichi indicators show a bearish sentiment. I have looked at the weekly chart and the sentiment is the same as the price is below the cloud.

I have set a sell order a little bit below the last lower low at 1.5460. If the price breaks below the last bear fractal then it could mean a continuation of the downtrend.

I have set my stop loss a little bit above the Kijun.

I’ll update this post as days goes by if the order is triggered or not.

At the moment of this writing, the price has gone up to 1.5605. Might just be pulling back to the Kijun before continuing the downtrend, although the cloud is getting thick, which mean that some consolidation might happen a this level, as it is close to a support zone.

I’ll have to monitor for candles reversal near support zone. Price might decide to move back up.

   

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UPDATE: 2018/12/02

Now this is kind of a nice reversal. Hanging man on the Kijun followed by a big berish engulfing candle. Although the close of the engulfing candle is touching the support zone, I am keeping my short order where it is as if the price break this support zone, It will keep going down. Everything in Ichi is set up for a down trend, except that big future cloud that could give the signe of the beginning of some consolidation. I will be also looking for some reversal action on this zone, as it has not been broken since June 2017. I will go long on this if I see a reversal pattern in this zone, trying to get a little share of the consolidation, if there is one. 

UPDATE: 2018/12/05

EUR/SGD broke the last bear fractal on the daily chart, and at the same time triggered my long order.

A nice support line has also been broken at 1.5532. I believe that if the price could break this support line, then it should have enough momentum to continue downward.
If I spot a reversal candle pattern, I’ll move my stop at the Senkou A.

What I like a lot also is that the price action on the weekly chart also broke the last bear fractal and the one before it! I hope that this is going to be a nice long downtrend.

UPDATE: 2018/12/16

Well I got taken out of this one. Price triggered my sell order and then reversed to get my stop. I’m not monitoring this one for now, as on the weekly chart, the Chikou is in the cloud. I will wait to see where the pullback is going. It looks like that it is going into consolidation as the pullback is at the same level as the last lower high. I am looking for sign of reversal on this one.