Crude Oil March contract is setting up for a buy at present 1535GMT 4hr above and chikou is through, hourly above but chikou in the price action 15min retracing currently to daily/weekly pivot level which may be a great place to take a long. EDIT - ...

Ichimoku forever

The big guys get paid loads to push our resolve to the limit the dirty thieves.

Silent Service Method

Looks compelling but lots of instruments are making lower highs and higher lows on the longer time frames, it's almost like the calm before the storm.

Silent Service Method

Which levels do you see as potential topside resistance for the EURUSD? I get a fair bit of confluence around the 1.3870-1.3880 level. A couple of ABC extensions and the 1.618 target of the bullish butterfly reversal pattern that commenced at the ...

raczekfx chart thread

Certainly could however I normally find that when I start accepting that there may not be a top and planning to get in long that it ends up being the top

Silent Service Method

I wrote a very long response on this issue and then deleted it. Basically while I agree China faces significant headwinds, we can't in western countries safely think that we are above the future problems. Our penchant for political correctness and ...

Silent Service Method

Here's that Citigroup document, an interesting perspective. LJ - fair enough about the Oil price relationship to the US economy specifically. I had misunderstood your view as being a blanket assessment of the global oil market which currently to me ...

raczekfx chart thread

I understand your logic from a theoretical and traditional fundy perspective but the US is not the primary driver of current price action especially around Suez issues. You can see this from the spread between WTI and Brent contracts at the moment. ...

raczekfx chart thread

True that! People trade whatever tfs suit their style but there is no reason a trader can't look for a longer term position on a daily chart and enter with precision on a 15 min chart. Obviously you wouldn't trail stops on a 15 min KS for a long ...

Ichimoku forever

Again I love the fact we are back to discussing ichi in the thread. You new guys should pay plenty of attention to GeraldFX and Gorron because here are two traders taking the time to educate you and provide detailed answers. Great work you guys! ...

Ichimoku forever

interesting analysis out of CitigroupFX team this weekend discussing the thesis that if this latest bout of inflation is purely in commodities then coordinated action on the international front to raise the price of the USD could calm a lot of the ...

raczekfx chart thread

hey hey — Nice to see some healthy debate back here again Just a polite note Jap, glad you have joined us but make sure you take it easy in here. SanMiguel has been posting here with us for a long time and deserves the right to question ...

Ichimoku forever

Mate I find the kumo breakout really effective but only the first one, often it's 4hr and 1hr in support with 15 or 30 entry as long as daily is in kumo or capped by longer term resistance. Definitely not as simple as just waiting for a breakout. No ...

Ichimoku forever

Great post mate. It has a lot to do with trading the first break too rather than subsequent ones, often by the time they all line up the move is running out of steam. By only taking the first break there are less opportunities but also less risk, ...

Ichimoku forever

couldn't agree more on the EU front. There's a similar daily selloff bar a week or two back in th EU the handed bears their asses. I think a daily close below 1.3470 is needed and that we're in a channel at present 1.3470-1.3750 region. What are ...

raczekfx chart thread

The 1.3470 area is a key weekly fib level and a daily close below there would b the best sign we have exited the channel 1.3470-1.3750

Silent Service Method

A lot of stocks are going to have similar prints now given the topping in the S&P that's been happening for a week or more. Some nice looking setups but these times always worry me that things will not be so straight fwd. I am short nasq from 2325, ...

Silent Service Method

Keep Vic and Egypt in your thoughts — Hi everyone, Just a note to remind everyone that Vic lives in Egypt and is currently experiencing major social unrest and political uncertainty in his country. The government there today has effectively ...

Ichimoku forever

With the costs of holding positions at historical lows you can hold things to infinity and beyond....or till rates go up.

raczekfx chart thread

I get 1.3150 area as the near term short level. There's a daily rising support line that is now turned resistance. Above that I think anything that shows reversal price action below 1.33 handle has great potential short.

Silent Service Method