A couple trades I took this week (08.08.-12.08.2016)

I did not really have the time to publish my bias for the current week. But I did find the time to enter some trades.

EJ



Price is at an interesting level, so I decided to add to the existing position.
My bias remains bearish. But so far there has not been much progress. AJ is simmilar,
but I decided to go with EJ.

NC



Update 26.08.2016:
NZD/CAD got stopped for BE the next day. Apologies for the late update. I am having issues with my trading plattform I was not able to get fixed. I am using the web version of my plattfrom. I am not really comfortable using the web version of my plattform.

GN



NU



Update 26.08.2016:

Last night I decided to place a target on this trade. The target got hit this morning. As you will notice  by the attached chart, my plattform does look different. This is the web version of my trading plattform. I am not comfortable using this version. The reason is, I can not modify lines or squares to my liking, which makes trading rather hazardous. So I am just managing my open positions. With the closed NZD/USD trade I have only one NZD exposure left. That is GBP/NZD. In total I have 3 positions open, that are all posted here. EUD/JPY, AUD/JPY, and GBP/NZD.




Remark: Updated 26.08.16
Since I have a strong NZD exposure this week, I might consider closing some of the trades
earlier than usual. I normally like the market to lead my way. (Edit 26.08.16: NZD/CAD got stopped for BE the next day. That eliminated some of my NZD exposure). But during summer the markets
tend not to follow trends. All trades above are in line with my bias. And all of them have valid reasons to take the trade.

Happy trading,
TT

A couple trades I took this week (01.08.-05.08.2016)

I did not take many trades this week, even thoug the watch list was full.

EG



This trade got triggered on 03.08.16. The location was nice. But there was no follow through.



This week is not really an ideal week to look for trades, due to the amount of high impact news.

US Oil



This trade got triggered yesterday (04.08.16). Depending on how this trade develops, I might keep this trade open over the weekend.

Update 11.08.16:
As you can tell, I did keep the trade open until today.



I took a late exit as I am travelling. As long my position is at BE I am fine letting it go.
Price is acutlly at an interesting level on this timeframe. But the daily did form a strong bearish pattern. I am rather bullish this asset, but do not want to jump at this moment. As I am traveling, I do not want to to put myself into stress. The daily close will lead my way.

Happy trading,
TT

How to trade Ichimoku Advanced

Here I will show how to utilize MTFA with Ichimoku.

This is a live trade taken 27.07.2016. However, the trade is not based on Ichimoku-Analysis.

Trading Ichimoku will get you into high probability trades. But waiting for the strong signals will get you in late. Let me try to rephrase the last sentance, as you are never too late but mostly too early.

Waiting for the strong signals will make you take the trade with more confirmation. The more confirmation you need, the higher the price is you pay to take the trade. This is what I mean with taking the trade late. More about this in the psychology section.

Once you are in a trade, you can put IKH on your chart and look for additional trades. This way you can add on to an existing prosition and ride the trade with a bigger trade size.

Coming to the charts.

Here I will illustrate how to incorporate the Daily and H4 TF into your decision making process.

While H4 is all green for a short trade, the daily is not really ready for a trade (based on IKH).

All stong singlas are set to go short. Analysis withing the chart.

The daily however shows that price may pause for a while here. CS needs to clear price. Other than

CS the other signals are set for short. But the complete singal is not ready yet. To get the complete

signal CS needs to clear price first. A complete signal wants CS in free space.

Based on this information you may not want to take a trade on H4 TF if you are very conservative. 

However, if you take the trade, you know that price may halt for a while at the current level. You won't get scared of a correction/consolodation period, because you expect it based on the D1 TF.

Having the daily close below KS supports the bearish bias. If CS clears price with todays close, we have all signals in line. Ideally CS should be in open space, meaning there is nothing on its way. But 

the markets are not always giving is picture book trades.

Happy trading,

TT