Ichimoku Trading Strategy & Gann Analysis

good afternoon everybody it is 1:00 p.m.
Central Standard Time 1300 if you like the military time this wonderful
Thursday this Thursday yeah Thursday the 26th of July 2018 and let’s go ahead and
get started with our look at these crypto markets so what we’ve got going
on that says the live stream is offline for some reason hmm make sure that I’m always something new
and you’re doing something new new problems okay I think we’re good now
maybe all right okay yes take a look at Bitcoin real quick so
we had a little bit of a hell was that that was my cat Kent is snoring on
Monday and Tuesday we discussed this rise in Bitcoin as it got up to that
8400 zone we talked about the possibility that we would observe a drop
in price and that is pretty much what we got going on there okay hmm oh now I see it I was on the
wrong link okay and all we’ve really done so far is we’ve just we’ve been
forming what’s called a pennant and pennants and flags and all of those
things are short-term or half-mast those are all short-term trade patterns and
one of the one of the most important identification features of flags and
pennants is that is the steep trend preceding that pattern and that doesn’t
matter what time frame it’s on if it’s on monthly weekly daily chart I mean
your most frequent C Mon daily and faster timeframes but so that’s one of
the most important features is the steep trend and the price target for a lot of
these patterns is calculated by taking the distance from the beginning of the
trend not necessarily the beginning of the entire wave of that trend and then
to the first reversal in the pattern by adding it to the breakout price so
that’s called the measured rule if any of you have taken any formal market
technical analysis training that is one of the first things you learn about in
forecasting off of price patterns what what is interesting about price patterns
is is real quick just to kind of go on the nerd mode for a second is that the
the literature is has changed and if you’ve ever heard of the EMH or the
random walk theory of the if emerging the efficient market hypothesis that is
kind of the inverse of what technical analysts do in their trading patterns
okay so a lot of this is a lot of academics and investors believe
that patterns do not exist they believe that either that the price action is
completely random or at least indecipherable the concept of randomness
is now being questioned now as a Gann rater
I’ve you know I don’t believe in randomness and in the markets that
doesn’t that’s not part of the theory that I apply to the market it it it’s
it’s just not part of that so the randomness issue is is does not exist as
a Gann trader so but what is interesting is that that is a old-school
form of technical analysis one of the original forms of technical analysis was
Gann’s work but now as we learn more about human behavior and behavioral finance
and and and we understand the limitations of computing so far we
understand that um that whole random walk theory and the efficient market
hypothesis is probably not correct ok what has been the the norm and Finance
and trading for over a century and a half is not thing anymore the problem with patterns folks when
you’re trading a flag or pennant or head the shoulder or a cup and handle or any
Gartley pattern is that as humans we have a tendency to want patterns in our
data and other information we want to see these patterns and sometimes we
block out the other information that would kind of void them because humans
are fickle and yeah I mean we’re also poor stat P ones are are really poor
statisticians as well we tend to put more weight on recent history than what
is statistically warranted so we could have what I’m saying is you could have
five head and shoulder pattern so that’s not a good example cuz that one’s
actually really like the most profitable pattern you know you could have
a series of wins on flags and pennants and kind of get to the tunnel vision of
time and place a lot of weight on the success of a pennant or a flag based
solely on the past the the payee or most recent treating history so in technical
analysis the analysis of patterns we need to guard against market lore and
that that that belief in patterns being always correct because they’re not so
and we also need to understand that as humans and in trading it’s very
dangerous to our psyche we get dopamine high from a big win or from watching a
win run and depending on what the conditions were on why we took the trade
we can train our selves to want to get that response again and so we’ll be
looking only for the patterns and the setups that gave us that pleasure and
that win and and that is why trading is so difficult is you have to have such a
knowledge of self in such a an understanding of your own weaknesses and
fallibilities that sometimes for some people it takes the joy out of trading
you don’t get that high anymore but what’s more important making money or
getting a superficial high that’s actually a natural I buy that you know
what I mean you really have to train yourself to not get it it’s one thing to
learn to not get upset about a loss it’s another thing to T to tell yourself
don’t get excited when you when you get a win okay that is just that’s just
behavioral thing you have to do anyways looking at the market okay so looking at
for our chart of Bitcoin you know if you’re an Elliot Titian I’m
not a huge Elliot fanatic a lot of people are very dogmatic about their
application of Elliot but we are Elliot ich ins we see we have a pretty you know
rough looking and it’s a five step a motive wave impulse motive wave hire
here and we could say that we are into our ABC correction which would play out
such as it did it to do I’ll be down to there that is a very probable a very
possible move doesn’t even have to go that far
regardless though what we are for me even though I’ve talked about patterns
is as we are forming a pennant pennant is also a triangle and you probably if
you if you’ve been trading for any length of time you probably believe have
seen these you’re probably aware of them you probably know them you probably have
to strive to trade them before but there’s you know behaviors related to
the shapes of patterns you know you’ve got your dear sending triangles your
descending triangles on your symmetrical triangles no symmetrical does not mean
perfectly symmetrical okay but what we really have here independent is we have
a symmetrical triangle okay and or they or they call it like a coil like
priceless I used that phrase a lot that it’s coiling we’re getting we’re
ping-pong you’re onto tighter so one of the behaviors of this pattern is that
volume usually trends downward during the pattern formation and so we have
seen that happen here we’ve seen a decrease in that volume that happens
eighty six percent of the time when you’re forming an asymmetrical triangle
and and the breakout is usually upward so 54% of time basically you have a
50-50 chance in a ranging market for this to move higher
I do not know or remember what the what the ratio is if you
in an uptrend but I you can you can bet that the breakout of a pennant in a new
or an established trend is to the top side okay this is a this is an
asymmetrical triangle in a bullish pennant and hit hello Mohammed how are
you doing and so that is what we are observing right now with the price
action ok breakouts they commonly occur between 73 percent and 75 percent of the
length of the triangle from the base to the cradle so when we’re talking about a
setup the bases at the beginning and then the cradles up here we’re actually
getting a pretty constricted triangle here and if we’re looking at it on the
1-hour you know we have pretty flat composite index here and we have a
oversold stochastic RSI on the four-hour we have neutral to sloping down
composite index and we’re we’re sloping down in the oversold condition on the
4-hour and we have volume declining here so where is the buy entry here if you
want it to go log on this well we want to be aware of a couple things how is
the slope of this is this still technically in a parabolic rise hmm
maybe maybe not we’ll see however it has it has consolidated since
this drive here so and it’s we’ve had two days to two to two and a half days
of consolidation within that zone so what we want to look for is do we have
any other kind of indication that we’d have some difficulty moving higher you
know that’s that’s one thing we want to take a look at so that when I’m looking
at this market geometry it makes sense that we are consolidating over here
because this 5×1 line just acts as a natural resistance zone it’s telling us
that the momentum has been fast prices been moving five times as fast recently
than it has and in price that it has in time so it
makes sense that we would wait here the fact that we have not had a staunch
sell-off is a pretty good sign that we should be moving higher I’d be surprised
if we didn’t start another leg up by the by tonight by Central Standard Time that
would be kind of different if we look at it from this perspective where you at
Bitcoin Bitcoin Bitcoin what are we trading at I hate the end of day data on
Optima – fantastic software terrible data servers first crypto okay 8200 yeah
that’s really not much different than this is own here so yeah it’s it’s not a
lot of resistance there tomorrow though hmm what is tomorrow
ooh moon phase time 27th big time moon face time so Bitcoin
definitely and it’s got an Apogee here we’re just a few days
well a few days I guess 10 days removed from the the Sun opposite Pluto aspect
so keep that in mind but certainly if I’m going to be a buyer here I want to
wait for the breakout I don’t want to participate early in it so my order
would be resting at the 83 36 that would put us in a pretty good zone
but you know the starting of the video we’re talking about the Ichimoku system
and trading that and that’s what I want to kind of convert over to you now so is
anybody here unfamiliar with the Ichimoku system is anybody here familiar
with it but do you know the three other components to the Ichimoku system the
the Wave Principle go Chiho sada he’s the he’s the gentleman who created this
system it’s uh it’s actually really really cool I wish somebody to write a
book on it because go hea sada he he he he didn’t I mean this is well before
computer so he had a whole bunch of poor intern students that he had analyzed the
rice markets and markets in Japan this was just before World War two and I
don’t think he published it till fifty something maybe I don’t know but the
Ichimoku system is a is a collection of a lot of analysis into one system now
it’s it’s an indicator and a lot of chart software but it’s really a trading
system it has its own set of rules the Ichimoku system has its own wave
principle like like Elliott does that’s not it’s very possible that going asada
I don’t even know if it’s a guy his name right but it’s unknown if he actually
knew Elliott but there’s also some market geometry in it there’s also a a
price projection principle and time principle and if anybody is familiar
with Thom demarks sequential indicator where it counts the number of
candlesticks and then has a reversal on like the nine or thirteen going to of
asada had that before too so it’s really interesting as the Ichimoku system is a
form of Easterns analysis and it came out at a time when very
possibly the original Market Technicians in the West had no communication with
gucci Hosanna they were not collaborating but they all came to the
same it’s it’s the same approach but with through a different lens and I know
when I’ve read literature on the on the Ichimoku system and how it how it works
and when it’s used the it is it is a more dynamic form of technical analysis
it’s it is not a very static form of trading there’s a lot more leeway
involved it’s it’s a lot more it’s got a lot more flow like it’s more flexible
this style of trading whereas in Western analysis with new
things we use things like Elliott Gann dart Lee Williams any of those dudes or
Brown dudes and gal you know really a lot of the technical analysis in the
West is very very definitive it’s very static it’s got clear concise rules and
you know it’s more of like a style of the preference but the genius of the
Ichimoku system is that it is meant to to provide you a good interpretation of
what is having what is going on in the market by just having to look at it at a
glance and that is literally I believe what each EMU coos means is the market
at a glance or a market at equilibrium and there we go do a quick little
rundown of of what the Ichimoku system is you have really four components to it
I know there’s actually six of the indicate indicators but you have a first
one you have is the blue line is called a conversion line or this is the
tankinson that is the Japanese name for it the tank and send this signal line
then you have the kitchen send this is the baseline the kitchen said now here’s
where we get into kind of the cool stuff the kitchen sin is always
it’s almost always at a 50% Fibonacci level of a swing okay
the the baseline is is one of the cool aspects of the Ichimoku system it kind
of tells you where it’s o and the and it’s like an ATR okay so when you get
significant price expansion away from the baseline you can expect price to
retrace down to its some or all the way think of price being attached to the
Itchy to to the base line think of price being attached to it by like a rubber
band so that you know when we observe prices moving a long ways away from it
we should expect prices to want to come back to it either in time or price so if
we were to have prices returned to it and price we would see it move down fast
or in time we would see it just drift over so the further extended you get
from the baseline the the the more probabilities you’re gonna have of a
pullback or a throwback and if we look at you can do your do your own analysis
but whatever timeframe you like to trade on or whatever timeframe you like to
initiate trades on like if it’s the 4-hour go through like get yourself a
tablet of paper and or use Excel and write down what are the amount of Swing
what’s the how many pips or points or what amount does price travel away from
the baseline before it wants to come down back to it okay so you just kind of
look for a lot of these spikes and price away from the baseline and see you know
how far does price go before it wants to come back to it okay once you give an
average of that you can you can get in a scalp or you can anticipate or reentry
somewhere but more probably than anything you can determine when you
shouldn’t probably reenter a trade okay so that’s a conversion line in the
baseline and they are moving averages but they’re not normal moving averages
they are simple moving averages but they take the average of the high and the low
over a period as opposed to just the clothes so that’s why you get these kind
of these flattened looking averages and excuse me then the other component we
have is the cloud or the kuhmo that’s probably what the Ichimoku system is
most well-known for is this funky blob and blobs that end up on your screen and
the cloud all that is it’s the conversion line the base line their tank
and send in the kitchen sin oops oh my gosh it is these lines projected for 26
periods okay and then it’s got a slight a slight what am I saying
displacement okay so displace 26 periods and then up just a tiny bit but that is
telling us you know past price action in the future kinds of its kind of telling
us what where prices at now relative to the past and in the future actually just
run through the past so that is how the cloud is formed and then and then some
software will color it red or green or sometimes they put like diagonal lines
in it but whenever the conversion line is above the base line then we see that
that is painted green there’s actually two lines in here there’s called the
Sinko spans single span a D and B or they cone lead one lead to and I I never
use those on here I just I just want to see the cloud that’s all I really want
to see that’s up to you though all right and then the final component
of how this is made up is the lagging span this is the well I think this is
that what makes the system so awesome and the lagging span is just the current
price action moved back fifty-two periods so if we we can see a better
view of it by if we just did a line chart you can see that the current price
action that is all the legging span is it’s just move backwards okay and this
is like a signal line this is that legging span is is what you want to look
at probably more than anything because it is what is used to determine whether
or not you are getting out of a trade or whether you’re getting in a trade okay
and the Ichimoku system is is like most things it’s it’s most effective in a
trending market it like everything else things really suck to trade in the range
some people like trading ranges I don’t know who that is but range trading sucks that’s just how it is that’s why you
want proof that range trading sucks not even institutions like to trade in
ranges that’s why you get such significant drop-offs in congestion
zones Pro traders and and and big money they don’t like to train those
congestion zones ok let’s bring this all back to normal let’s bring your candlesticks back up
okay so you know how do you trade this what do you look for what is what is
this all about there’s there’s various rules there’s various strategies that
have been written on the h mu KU system but essentially what you how you trade
it or what you want to do with it is you want to never trade this is probably
what’s so great about the Ichimoku system is that more than anything it
tells you when not to trade if price is inside the cloud you don’t trade very
simple you don’t trade because when price is inside of the cloud that tells
us that and it’s trading inside of it that tells us that there’s a change
happen in the market sooner that the market is consolidating okay so if
prices in here we just don’t trade there’s another name
for this goichi has sada just this was just just saying we don’t trade in these
consolidation zones it wasn’t until like 2001 that we had
something else to call this and that’s a squeeze like a Bollinger Bands Queen’s
English Bollinger Band squeeze and when John Bollinger came out with these you
know what what we learned about Bollinger Bands is there there there and
it’s a volatility indicator and so we see you know prices you know they were
expanding in a range and now we’ve tightened up a little bit so we see that
the bands constrict showing us that volatility has lessened and we’re into
these squeeze zones and Bollinger Bands are actually kind of they’re pretty
effective to use in the Ichimoku system you can use those in the confirmation
tool but really when we’re seeing prices trading inside the cloud and flat that’s
telling us that we are entering a squeeze and that we can anticipate a
breakout to the top breakout higher or a breakout lower okay and I’m just looking
over at my other screens you’re watching okay trying to see if my
finance trades triggered I don’t think they did that’s all right okay cool
okay now if we really want to get into a little deeper now we have that one rule
don’t trade when you’re inside the cloud then question is where do you go long
and where to go sharks let’s look at aetherium start so breakout trading is
is hands down easily the probably one of the most effective ways to make money
breakout trading is very low risk breakout trading is you just have to be
patient and it’s your muku system is a fantastic way to look for breakout
trades okay and how we do that so let’s say we want
to do a short trade okay let’s say we’re trading aetherium on crack and then we
want to short it so we see price is trading inside the cloud here actually
let’s bring the market replay up and let’s pretend that we’re trading this
live you know i already know what happened can we see prices moving you
know ping-pong ping-pong where you know we see we’re in the cloud and now prices
outside the cloud now some people and some educators they will trade whenever
price closes above that or below the cloud they will take a trade in that
direction that is not a good thing and you’ll you’ll see why so we’re trading
above the cloud sloppy trade why don’t we trade why don’t we trade above the
cloud when candlesticks break because the lagging span is what we’re waiting
for okay the legging span is 99% of the time
going to be the the final thing we observe for for signaling a trade so for
going short we need price to be below the cloud but then we also need to have
the leggings band below cloud and the price and candlestick skate needs to be
outside of the candlesticks below it and it needs to be below the cloud and oh
man I forget the I was trying to find it I had a link a long time ago on the the the percentage based on hourly
timeframes it’s for it was for gold but I think I can apply to kryptos the next
closest thing but when the legging span meets the condition for going long or
short like on a four hour or a daily chart you have a really really high
probability of making Bank on it so if I hit the play button now we can see that
that signal that was generated played out pretty nicely okay now as we’re
moving lower and we had some pull backs happening here we can see that price
when it wants to pull back where does it find resistance against the baseline
sorry the conversion line the blue line the faster average the blue line the
conversion line that is you can use it as a source of resistance or support but
but really I mean you’re gonna find price respects the baseline more so you
know we see it when we get towards that that baseline we see price action
wanting to stay away from it we hit play again and we can just see that this is a
continuing theme here and then we can also see that the cloud
itself will act as a source of support and resistance okay now we are trading
inside here okay we’re inside the cloud we’re facing
resistance up against the top of the cloud we kind of slid outside of it when
the baseline in the conversion line cross that is that is a warning sign
that the trend may be changing actually the first warning sign there’s a couple
there’s a couple of ways to take profit that is when you see the lagging span
trading inside the price action or you can get a cross of the of the conversion
line in the baseline that is that that’s where you probably want to cover you
short but if we hit the play button we don’t have we don’t have all the
conditions meant for taking a long trade yet so if we’re taking a long trade it’s
just like taking a short trade what we’re looking for is price to be above
the cloud the cloud ahead has to be green I didn’t mention that before sorry
and more importantly the legging span needs to be above the cloud and price so
we still don’t have a long trade signal we do now though when the candlestick
finally closes above the four-hour cloud and we see the lagging span above the
four-hour claw price and legging spanner both above the four-hour cloud and the
cloud head is green that is the long trade signal doesn’t always play out no that wasn’t
such a good example how did you get what I mean you know the brings me to my next
point is that MTF multi timeframe analysis with the Ichimoku system is is
really suggested so oh man I forget the author’s name Ellie she wrote and she
put down some preferences so like if you want to trade off of a one-hour chart
you use the daily chart and the four-hour chart to help you base your
trade on the one-hour eg muku system but yeah we’ll just get rid of that for now
okay so when I’m looking at a theorem on the 4-hour chart what do I see happening
here I see a pretty congested trade okay even on the 4-hour chart I’m getting
conditions met where I could take long trades on the 4-hour and conditions met
for taking short trades but I’m not really getting a whole lot of a whole
lot of you know other I’m not getting continuance of the price action so you
know I got a revert back or I’ll just have three different time frames up are
you at I want the other way that’s work so I’ll take I’ll keep the 4-hour down
here I’ll make this the daily and I’ll make that the four out rather and this
the one-hour oops and so on the daily what is the daily
telling me well the dailies telling me that I’m gonna eventually have this
twist happen this TK twist the kuhmo twist where the conversion lines above
the baseline on the daily and I should see this turn green eventually and that
this is telling us that the trend is is about to change well has that has a good
probability of changing the fact that we’re not getting strong selling off the
bottom of this cloud is a good indication that the downtrend has has
been weakening and there’s I mean you don’t really need the immune system to
tell you that that’s that’s apparent you know many many ways then I take a look
over at the 4-hour chart I see the same story that we are in this congestion
zone and then the 1-hour is really not a any more help but the 1-hour is telling
us that we could take a long trade here because prices above the cloud the cloud
is green leg expands above the cloud it came out of trading against the price
action so we could place a trade and have it have it be above the conversion
line here so maybe at the 480 54 now I always write signals like that
just saying having a having a long trade ready to good take at 480 54 that’s and
it’s based off of the one-hour ichi muku system I can always go reference that
back and see why did I do that okay all right any questions on this so far
any questions your only if you don’t know what’s going on you don’t ask a
question that’s dumber than asking a question you think is dumb because there
isn’t you there’s no stupid questions and technical analysis all right there
are but but with this kind of stuff there isn’t no questions okay I’ll just
keep going taking it in I’ll say this that if you have tried
trading and you’ve gone from system to system to indicator to indicator book to
book if you have not been able to be profitable yet the Ichimoku system is
something that I promise you learn about it and you trade it how you should it
will make you money I’m saying that from personal experience because how I
learned to become a profitable trader is with the Ichimoku system and the
Ichimoku system teaches you a lot of stuff that you don’t even realize you’re
learning about you’re learning about dynamic support and resistance zones
you’re learning about squeezes you’re learning that moving average crossover
systems are stupid you’re learning about the effective way to deal breakout
trades you’re you’re learning about Multi multi timeframe analysis you’re
learning about 80 ARS you’re learning about stop where proper stops and profit
targets are regarding where you would put a stop the Ichimoku system kind of
does that for us where you know where’s your stop here it’s a little bit below
the cloud and one thing I don’t do for people I will give a signal on whether
it’s a good long or short trade but I don’t tell people where to put their
stops or where to take profit I don’t tell people that for two reasons one
people never follow that anyways they will move their stops or they’ll move
their profit targets and two that is a form of self-discipline that that that
people need to do on their own but learning where to take an entry if you
can get an entry and manage a trade into profitability or manage a trade into
having the stop hit without having to move it that is that is all that that’s
that’s what an individual trader needs to learn how to do let’s see what else
here where was I but I’m don’t like I find it here looking at my other screen for this
don’t see it so that is on aetherium let’s look at maybe let’s look at
another let’s look at Bitcoin on multi timeframe analysis so Bitcoin on the
hourlies looking pretty sexy for a breakout trade Bitcoin on the daily is
gonna be pretty sexy on the on the on the daily and Bitcoin on the for hours
still looking pretty good so beside certain individuals is there an
institution that use just financial strategy has its base system oh yes
there is and let me pull up the have you ever heard of Jim Simons watch this TED talk this guy’s a
mathematician and near somewhere near the last fourth of this video okay he he
has probably the world’s most successful hedge fund all right and he uses stuff
like topographical geometry but his hedge fund also hires physicists and
astronomers I think if there’s one thing that separates his hedge fund that he
started in 1978 the fact that his hedge fund still exists from 1978 is a
testament to the guy’s intelligence and willingness to to use anything to to
maximize profits for his I think he also has the highest management fees like
forty four percent off the highs I mean it’s that’s it’s a good good video to
watch Renaissance is the is the hedge fund and he’s also good philanthropist
for math mathematics they he there’s a good teacher somewhere high school team
math teacher you know he pays them an extra fifteen thousand dollars to you
know keep them teaching so yes you know what I just there you go financial
astrology is a very very cool way to look at things in the market and use
them so for Bitcoin though on the daily you know we’re pretty separated from the
baseline here at 7300 is where it’s at it’s not outside the cloud yet so we
definitely could observe some some activity where we have some pausing in
price action on the four-hour Ichimoku chart we see we’re getting kind of a
rounded top here and we’re curling downwards we’ve got to be aware of that
and then we look at the one-hour chart this is pretty consolidated but or sorry
the one hour each and muku system is a bulk price above the cloud the legging
spent above the cloud which we could probably say that 8300 that would that
would be the condition which is really kind of just the one I put out there
earlier okay I’m gonna bring this back to you one chart nice to see Bitcoin
above and holding above the daily cloud and let’s look at – let’s use the
Ichimoku system with – you want the Bitcoin pair of the dollar pair you I’ve got a week because the stream has
some latency I could do both I’ll go with the the – dollar – dollar really underperforming its
dollar peers so the – dollars sitting around here ya know what am I trying to find where
so it’s right below the cloud it’s you know if you look at its trajectory at
the trick debt trajectory from the cloud is down and we’re just kind of you know
hovering around here not seeing a clear direction I wouldn’t anticipate a break
to the downside certainly that doesn’t seem to be in the cards so we’d have to
look at a just look at the for our for our we’ve got a got that pennant there
it’s look at the one hour that’s choppy as hell isn’t it well the one hour at
least kind of gives us a better I mean this is really kind of more like trading
at an asymmetrical triangle is you just have that that that trade above here I
mean that the 256 ninety that would that would definitely be a zone for the long
entry on the 4-hour that would bring us over there I mean depending on your time
frame and how you want to trade it you could you could wait for the conditions
to be met to go long on the 4-hour waiting on the daily you might be
waiting for a while but certainly if you if you take the trade on the the reason
why I don’t know if I take a long trade here at all is because on the one hour
its Jammu couch art you know it would be a good entry of legging spend be above
price over here price be above the cloud at 2:52 but that also brings you right
up against the top of the cloud here and that the bottom of the cloud on the
4-hour chart that can that acts as a normal resistance zone to so I’m afraid
you might be getting into some whipsaw activity here so probably the safer
option is to have that buy stop waiting at 270
you know that’s at the same time though the whole markets catching quite a bit
and it’s there’s a lot of capital that has come in so I don’t you know I don’t
see the issue with going long here you know what I mean that’s just one way to to look at it I’m just waiting even yeah but again I
want to bring us back to Bitcoin and just you know recognize that it’s has a
very asymmetrical triangle pattern going on here and we’re currently trading
inside of it and we’re ready to see some activity outside of it I mean really
it’s it’s gonna break out one way or the other and and again the highest
probability is for it to move higher and so you know even on the hourly just
looking at this candlestick here this is telling us that it that it may break out
to the upside that again because the the one-hour chart is supportive for buying
and the 4-hour chart is also supportive for buying alright so yeah trades
yesterday that we went over like one to go long on Steam I did I did take a long
trade on Steam yesterday I did that last night or yesterday
afternoon this is my finance trade hit I like to fool around with by ansel but I
had all these buys on steam at the 177 area 178 to 177 buy limit was hit and
then I sold it shortly after short this afternoon
actually I sold it at 1905 and then I bought back in for some Cardno because I
like her but that was my trade yesterday that I
took after we were talking what else what else what else yeah regarding macroeconomic events like
what happened yesterday with Trump and a jean-claude Juncker from the EU and the
trade deal that did not affect cryptocurrency as much at all we made
there has been activity in and moves in crypto current one of the only like
economic things that kind of moves Kryptos beyond like news related just to
cryptocurrencies is GDP numbers so GDP numbers come out tomorrow and they’re
talking greater than 5% growth that’s freaking nuts but that is that is a
possibility unknown how that will affect crypto
currencies I think they’re pretty most part of mune to to that kind of stuff so
yeah I left the watch how that plays out certainly again we’re really just in a
in the beginning of another bullish expansion phase so yeah watch how these
play out and hope you guys had a good trade day yesterday and I will see you
all again at the one o’clock p.m. tomorrow don’t forget to Like and
subscribe and if you have any questions tomorrow please ask them because it’s
Friday and Fridays are kind of boring days for trading especially in the u.s.
afternoon that pretty much everybody goes takes a break for the rest of the
day so trade well trade safe talk to you tomorrow

2 thoughts on “Ichimoku Trading Strategy & Gann Analysis”

  1. Thank you so much MR MICHEAL for helping me enjoy financial freedom and constant profit. I have been into forex trading for 2 years now but I haven't seen strategies and systems that are efficient and profitable as your`s! Thank God I met you. Fellas he can help you too all you need to do is follow his instructions and you will surely be grateful at the end.
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