EURUSD Ichimoku Trading Strategy (Short) closed

Unfortunately, the Greece election did not bring bad news to the euro just yet. Was stopped out.

EURUSD Ichimoku Trading Strategy (Short)

A signal came in the morning.

Technically, this was a very early signal. Price penetrated below the jikun-sen, and in the kumo cloud.

Another stop in order was placed to add more short positions should the price traded further downwards in the kumo cloud.

Kumo cloud represents support and resistance. When price entered into the cloud, it meant price has reach to uncertainty status.

In this case, I favor the short.

ciao.

NZDUSD Ichimoku Trading Strategy (Long) closed

This was a trade established some time ago.

Position had been closed out. (Profitable)

The closed out was not ichimoku driven, but due to position established in the opposite direction for EURO.

ciao

NZDUSD Ichimoku Trading Strategy (Long) update

This was continued from the previous post.

Shifted stop loss level to below the cloud.

From the cloud ahead, the support at 0.7560 level is not firm, as reflected by the "thin" cloud.

Will be looking at trading opportunities in terms of price bouncing of the tenkan-sen and chikou span trading above the kumo cloud.

ciao.

EURUSD Ichimoku Trading Strategy (Short) Stop out.

This was pertaining to trades established quite some time ago, and referencing to the most recent post made about shifting stop loss level below the kumo cloud.

Currently, there is no EurUsd position. However am looking to build position for the EurUsd.

There is a thick cloud ahead that works either way for the price itself. If price is above the cloud, we could said the trend is reversing with a good support. Similarly, if price fails to penetrate above the cloud, the cloud level is providing good resistance to price itself.

It could be a long or short looking ahead.

Some trading idea based on ichimoku trading concepts:

To go Long:
Build up position if price penetrated above the cloud.

Build up position if price retrace to around 1.2550.

Build up position when chikou span also traded above the cloud.

To go short:

Build up position as price goes below ki-jun sen.

Build up position when tenkan-sen cut below ki-jun sen.

Build up position around 1.2400, which is slightly below the kumo cloud.

ciao.

NZDUSD Ichimoku Trading Strategy (Long) update

This was an update to the previous post for NZDUSD.

Have added more position to go for long.

As usual, based on one of ichimoku trading principles, as price now piercing through the kumo cloud.

Conservative trader may choose to wait till price completely above the Kumo cloud, and chikou span above the Kumo cloud.

ciao.

EURUSD Ichimoku Trading Strategy (Short) Continued

Shifted the stop loss level to below the kumo cloud.

Price was trading near the kijun-sen. Decided to add on more position.

Risk taken was half of the lock in-profit from previous trade.