Trading Ichimoku

$EURUSD . Failed kumo breakout

Apr 23, ’12 4:39 PM

We can see from the Ichimoku chart for EUR/USD that EUR failed to breakout of the kumo successfully.

Having rebounded off the kumo support at around 1.305, I am betting that it will drop from 1.318 and pierce through the kumo support below.

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Apr 23, ’12 4:27 PM

It seems like $AIG is ready for a pullback.

Closes right on top of the Tenkan sen.

Next support is around $31.

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Apr 19, ’12 10:56 PM

I think this is a pretty good setup from /ES.

1. On the Daily Ichimoku Chart, /ES is hitting the resistance level at around 1386.

2. The Ichimoku indicator already has a weak Bearish cross from the Tenkan sen and Kijun sen cross.

3. Looking at the leading kumo, it suggests that there is a possibility for a change in trend.

Target timeframe around 2 weeks for the pricelevel to fall through the kumo.

Long May 139 PUTS.

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