Ichimoku Trading Strategy: EURUSD forex trading since 09-Feb-2013 #1

These positions remain open. Just for sharing purpose.

On 9 Feb, decided to establish an aggressive position in EURUSD by going short while price action above the kumo cloud.

It was based on tenkan sen below kijun sen, chikou span on kijun-sen, and price action below kijun-sen, and entry established near the kumo cloud hi.

On 25 Feb, added another short position in EURUSD.

A typical entry, awaiting the chikou span cutting below the kumo cloud lo, and near the kijun-sen.

Price has been trending lower. The kumo cloud ahead is thin. There might not be resistance in the price action, and trend could be choppy going forward.

Singapore Ichimoku Trader

Ichimoku Trading Strategy: AUDUSD forex trading since 14-Mar-2013 #1

Continued from previous post on the long audusd.

Technical Analysis (Ichimoku Charting)

Tenkan-sen, kijun-sen and chikou span showing respective bullish positions. Price action however has traded below the kijun-sen. Nevertheless, the ichimoku cloud has formed up and relatively thick, providing support to the current bullish trend.

Trading Strategies (Ichimoku Trading)

Long players may choose to enter position for long, with stops below the kumo cloud.

Short position is not recommended, unless for fundamental reasoning.

Singapore Ichimoku Trader

Status Update

March had been a busy month for me. I was moving house, getting new furniture and necessaries.

Setting up my new work station with win8. Everything ready for TOS and Oanda.

Will be another busy month for me in April as I prepared for a certification examination.

Will blog when time allows.

Ichimoku Trading Strategy: AUDUSD forex trading since 24-Jan-2013 #7

An update from previous ichimoku audusd blog. Shortly after that blog, position was stopped out. A re-emtry was made that night when returned from work. Good profit, though could be better, from the audusd trades.

Now having long position. Depending how the price action turns out, and how the ichimoku charting presents  itself, to trade accordingly.

Singapore Ichimoku Trader 

Ichimoku Trading Strategy: AUDUSD forex trading since 24-Jan-2013 #6

It has been quite some time since I last posted. I was busy relocating to my new home.

Continue from the last ichimoku audusd post.

I have squared off another position with some profit as can be seen on the up blue triangle. Current left with one open position, with stop loss at the red line level.

Technical Analysis (Ichimoku Charting)

Tenkan-sen is above the kijun-sen, and chikou span as cut above both the tenkan-sen and kijun-sen. And all remain below the ichimoku cloud. Price action itself has already cut above the ichimoku cloud though. The forward ichimoku cloud is thin, while it can provide support to the price action activities ahead. After such a quick strong trend dowards, a chikou span above the ichimoku cloud would be a more convincing trend change.

Trading Strategies (Ichimoku Trading)

Aggressive traders may choose to go long with stop loss below the ichimoku cloud. Similarly, for those with a view to go short, may consider to go short now, with stop loss near the red line level or a money stop loss

Else, for long traders, look out for chikou span cutting above the ichimoku cloud. For short traders, await for price action to go below the ichimoku cloud again.


Singapore Ichimoku Trader

Ichimoku Trading Strategy: AUDUSD forex trading since 24-Jan-2013 #5

An update from previous ichimoku post.

After establishing the last short position on 21 Feb, price action did a reversal, touched the ichimoku cloud lo. It did not manage to penetrate through the cloud. Price continued to trend downwards to the target price level 10200. Will close out some position to lock in profit after this post.

Technical Analysis (Ichimoku Charting)

Tenkan sen, Kijun sen and Chikou span are all in line in bearish formation, very much a reflection of the downward trend of the price action. It is not likely to see a trend change in the near term. The forward ichimoku cloud in downward direction and remain relatively thick, providing resistance to the price action..

Trading Strategies (Ichimoku Trading)

Do not recommend long. Any long will be looking at price action proving that a trend change emerging, that only when price action is between between 10280-10360 in near term.

Look for short when price action reverse back to near Kijun sen, with stop loss above the ichimoku cloud hi.

Singapore Ichimoku Trader.