The808Trader

The808Trader

If you're in the mentor membership this setup will look familiar. We've already capitalized on the move down as you can see from the completed trade on the left. No we'll be looking to capitalize on the move back up. We got a nice little rebound last week and are close to a kumo breakout. I am looking for support to hold at tenken sen to get in a long entry. If we...

The808Trader

We've been on a nice bearish breakout and we've broken previous price structure lows so I am expecting some more bearish movement with this pair. I am setting an entry as a break below our current candle, but as an alternative we can also look for a rise and rejection at tenken sen since we've been holding it so well on this bearish trend. I am targeting the flat...

The808Trader

With the fundamentals at play last week we saw some big movements across most pairs including the kiwi here. Due to how quick it climbed I'm expecting a nice drop to test our previous support level which is where I'm anticipating tenken sen being as well. If we can get that drawback and support hold with a good candle, I'll look to enter there to climb back to our...

The808Trader

Another GBP/CHF trade setup on my list this weekend! We've continued our bullish run with this pair and I am looking for trade it up to our major resistance level where we were rejected previously several weeks ago. Since we are so close to that resistance level I'm wanting to enter on a drawback to help limit risk. I think a breakout trade here just wouldn't...

The808Trader

With this pair we've seen a big move down over all the fundamentals at play with EU and Brexit situations happening in Europe. We are still holding here at tenken sen so I am looking for a technical indication for a chance to get into this bearish trend. There are a couple ways I could approach an entry here but I am going to look to enter on a break below our...

The808Trader

With this pair we've seen a big move down over all the fundamentals at play with EU and Brexit situations happening in Europe. We are still holding here at tenken sen so I am looking for a technical indication for a chance to get into this bearish trend. There are a couple ways I could approach an entry here but I am going to look to enter on a break below our...

The808Trader

This may look a little confusing but I've added a secondary entry on top of our original entry. We're already 80+ pips in profit from last week's setup, and I confirmed our entry in the trade room as well, so if you're a member you should have some profit rolling if you followed me into this position. There are a couple things to think about this week with this...

The808Trader

I know a lot of my recent setups have been on the swing trading side of things so for this one I'm going to look for a little shorter of a move. This pair has fallen down to kijun sen and is holding support there currently. I am looking for a move back up to grab some brief profit. It's worth noting that I am setting my TP at a level that I see us forming a lower...

The808Trader

This setup will probably be a little bit slower to complete if we do indeed get the move back up to the levels I want to see. We are still recovering after the flash cash so price is still trying to stabilize. It is still a little early to tell but it looks like we may have finally found some solid ground. We have the kumo breakout and bullish kumo twist, but I...

The808Trader

The Pound has been slowly regaining some ground against the USD amidst Brexit and concerns over the US Government shutdown that is still in effect. Since the big move up we have been holding support while forming higher highs and higher lows.  Adding to this the ichimoku confirmations that we currently have, I currently have a bias to the upside. I am looking for...

The808Trader

This is going to be a zone play, which is outside our typical ichimoku setups. When pairs stop trending it gets a little harder to trade with ichimoku unless you are on a really small time frame, so instead we'll be look to trade the consolidation zone. I am watching for a rise back p to the top of this zone, and a good rejection candle there to take a short. I've...

The808Trader

We had a big move down after the flash crash but this bearish momentum has continued to hold sway. Based on how fast we moved last week we will probably get a drawback first, but I am looking for a strong bearish breakout to stay below  the kumo and break the support line I've drawn for entry. I've drawn several targets including my long term one as our final...

The808Trader

Oil finally found some footing after supply was cut. There is still some lingering doubt whether more cuts will be made or not, but for now we are on the bullish side of the kumo. We had a bullish kumo twist, a bullish TK cross, and chikou span is above price. I am looking for a drop to tenken sen for a buy entry. I want to see a good support candle form there to...

The808Trader

This pair has held support but I am still watching for a break of resistance to enter a short term buy trade. I've drawn out my entry and TP lines on the chart. If you notice for the setup on this one, I'm actually placing my TP and SL slightly off of my lines to get things a little room to breathe since this is such a tight trade. As soon as we break into that...

The808Trader

We got a bullish kumo breakout and twist towards the end of last week with this pair. I am now watching for a tenken sen bounce trade entry for a chance to get long. I want to see a good drop to tenken sen and support hold to help confirm the bullish bias we're seeing right now. I set my TP at a previous resistance level if you look left of where price is at...

The808Trader

Oil has fallen along way since our rise to $70. We are now holding in consolidation going sideways. I am waiting for an entry into a possible long term swing trade back to the upside. Fundamentally OPEC will probably cut supply again soon which will raise prices. This will coincide with a breaking of the resistance line I drew at our entry level. As soon as we...

The808Trader

We got a big bearish move last week followed by a drawback and textbook tenken sen bounce trade. I am looking to hop on that trend with a move further to the downside. I've placed my entry below the candle of previous support and I've set my TP at an area of past support if you look left of current price. It may push on from there so I will only close partial...

The808Trader

We finally got a break below support in the channel we had been following for a while and now I am looking to take advantage of the bearish sentiment we're seeing. I'm going to use a move below our current candle as an entry with my TP at a previous major level of resistance to the left of current price. As an alternative I may wait for a rise and rejection at...