22/9/16 – Effect of thick Kumo

When Ichimoku Kumo (Cloud) is thick and is uptrend, it in theory may post as good support for a retracing price. This is the case for NQ on 11/9/16. What we see today strong uptrend of NQ after retracement, from 21/9-23/9, seems like a bull, but dont forget 9/9-10/9, market seems to be falling off the cliff. I would thought its the start of downfall of NQ, but I was wrong. The clue provided was VSA, Harmonic, Kumo, BB supports during this seemingly downfall days.

Thus do not underestimate a thick Kumo.


NZDUSD behavior 16/9/16

7.45pm is the strength crossover. Price cont to drop n didn’t reverse.

When day strength is NZD >USD, and hour strength is NZD  < USD, we can expect near term drop, in 15min chart, esp when the strength lines cross over. 

6-9-16 FX trading

8.30am, Gold +0.4%, UJ, UC -0.2%, short UJ @ 103.50. TP1 @ 103.20, TP2 @ 102.50.




15min chart shows harmonic short signal to support this trade.


Notice I ignore the harmonic long signal, because the Daily channel is downtrend.


Daily chart shows price is at channel top, for a downtrend channel, thats the best position to make a short trade.

Trade receipt