EURUSD 15 December 2011 Ichimoku Trading Strategy

Another day where price showed clear direction of which way to go.

1. Placed a stop in order for the short when traded below the kumo cloud, with indication from tenkan-sen and kijun-sen. The chikou-span also traded down.

During the trade, there was again sign of price reversal. A relief that price never traded above the kumo cloud.

2. There was no flow for the price to trade lower. Decided to exit the trade as it was about time to sleep. Exit the trade with little profit.

Will be flying off to China this weekend for a week. If time permits, will trade.

EURUSD 14 December 2011 Ichimoku Trading Strategy

It was another day where there was no strength in the flow.

1. Waited for a set up get into the trade. Placed a stop-in order which was triggered subsequently.

The price was not trending. It had moved above the ichimoku kumo cloud for a period of time. Stop loss level was just few pips away.

Price reversed and moved in the direction towards the position established. It seemed like the flow would follow through. Unfortunately not.

2. It was getting late. Place stop-loss level above the kijun-sen. It was hit.

Small profit for the day. Called it a day.

EURUSD Ichimoku Trading Strategy

Had established a few short positions for EURUSD earlier.

These positions were established based on fundamentals coupled ichimoku trading concept.

The EURO zone crisis remains, and the outlook is negative.

When the price traded near/in the kumo cloud, positions were established in shorting the EURUSD.

The stop loss was set at a level away from the top of the kumo cloud when the positions were first established. The risk of loss had been gradually reduced as the price traded lower.

Positions to maintain. Will continue to add on when opportunity arises.

EURUSD 13 December 2011 Ichimoku Trading Strategy

Not a good trading day...

1. Tenkan sen below kijun sen and both below the kumo cloud. Chikou sen also trading below 26 period low. Placed a stop in order below the price, triggered subsequently.

2. Stop loss was shifted lower when tenkan-sen come in-line with kijun sen. Price penetrated upwards hitting stop loss.

Called it a day. Fed meeting later, probably price will be choppy...

EURUSD 09 December 2011 Ichimoku Trading Strategy

The price moved quite a bit prior to the US timing.

1. Awaited for the opportunity to have typical ichimoku trading set up. Placed a stop-in order which was triggered soon after.

2. The first partial closing was for profit taking. When tenkan-sen cut above the kijun-sen, with chikou-span cutting above the 26 period high, closed off partial position again.

3. Price penetrated above the kumo cloud. All position stopped out and closed out.

Called it a day. Some profit for the day.

EURUSD 07 December 2011 Ichimoku Trading Strategy

No idea what has happened as of now. Stopped out.

Staying put to see any more trade opportunity. If not, will call it a day.

Please leave a message if you have knew what happened.

EURUSD 06 December 2011 Ichimoku Trading Strategy

It was another slow and steady day with a typical ichimoku trading strategy for EurUsd.

1. Price was trading lower, with tenkan-sen below kijun-sen. chikou span also below kijun-sen, and all three lines below the kumo cloud. Placed a stop in order which was triggered subsequently.

2. Placed order for target profit level to closed partially. Unfortunately, price was just few pips away... Order was cancelled subsequently.

3. Price stopped out in the mid of the cloud.

Profitable day, could be better though, called it a day.

EURUSD 05 December 2011 Ichimoku Trading Strategy

It was quite a slow day from 0800h US timing.

1. Price was trading above the tenkan-sen, with tenkan-sen above the kijun-sen, and above the kumo cloud. The chikou span also cutting above the kumo cloud. Placed a stop in order, which was triggered shortly.

2. Profit target, closed off partial positions

3. Price traded lower, below the kumo cloud. Stopped out. All positions closed.

Call it a day.

EURUSD 02 December 2011 Ichimoku Trading Strategy

Had waited till after the released of non-farm payrolls data. (Staying out is also taking a position)

1. Had waited for quite some time. Finally, an ichimoku strategy set up appeared. Tenkan-sen below the jikun-sen, both lines below, or near the lower part of the kumo cloud. Chikou-sen had also cut below the jikun-sen. Price itself also trading lower below the tenkan-sen. Initiated a short position.

2. It took quite some time for the price to trade lower. Closed out the position partially for profit taking. Lower stop loss as it was almost midnight.

3. Stopped out.

Good profit for the day.

(P.S: Stop loss level should be further according to ichimoku strategy. However, it's late here...)

USDJPY 22 November 2011 Ichimoku Trading (Continued) Closed position

All position closed out through market order. Emotion took over me. Decided to stay out.

Profitable trades.

EURUSD 29 November 2011 Ichimoku Trading Strategy 2nd trade

Second trade for EURUSD.

1. Initiated a trade just before 0800h. A typical ichimoku set up. Tenkan-sen below jikun-sen, and chikou span below the jikun-sen, with price just below the kumo cloud.

2. Placed another sell stop order according to set up. The sell order was triggered later.

3. Price moved up higher after placing the sell stop order, initiated another short trade to add on position.

4. Closed off partial position after reaching target profit.

5. All position closed out.

Good profit.

EURUSD 29 November 2011 Ichimoku Trading Strategy

Took one trade in the office.

It was a good set up by the ichimoku itself.

1. Tenkan-sen above jikun-sen, and above the kumo cloud. Chikou span also cut above the jikun-sen and into the kumo cloud. Initiated a long trade for the price.

It took some time for the price to move.

2. Price went into the cloud. Tenkan sen also cut below jikun-sen. Chikou span also cut below jikun sen. Exit the position.

Good profit.

USDJPY 22 November 2011 Ichimoku Trading (Continued) Adding more position

Continued from the posts earlier where positions have been established for USDJPY.

Beside the positions established in 1 & 2, continue to add on position in 3. Added when the price was in the kumo cloud.

Holding on to the positions.

USDJPY 22 November 2011 Ichimoku Trading (Continued) Initiated another position

This is continued from a post made earlier.

1. Had already established a long position in USDJPY earlier before the tenkan-sen cutting above the jikun-sen.

2. Add on another position when the tenkan-sen cut above the jikun-sen.

Note: The chikou span had already cut above the tenkan-sen twice and was about to cut above the jikun-sen when about to establish the second position.

Will hold on to see how it turns out.

USDJPY 22 November 2011 Ichimoku Trading (Continued)

Continued from the post where the position was established earlier for mid term trade based on 8hr period.

1. The position was initiated and established when the tenkan-sen was about to cut the jikun-sen while below the kumo cloud.

2. The tenkan-sen cut above the jikun-sen while below the cloud, giving the first signal to establish a long position.

3. Chikou span had also cut the tenkan-sen, and approaching to cut the jikun-sen. A good signal to couple with the signal tenkan-sen cutting above jikun-sen while below the cloud.

Continued to hold the position.

EURUSD 22 November 2011 Ichimoku Trading

Price had been trending lower in the early US session, below the kumo cloud.

Waited till after 0830h before placing the order.

1. The tenkan-sen was below the jikun-sen, and the price traded below the tenkan-sen. Placed a stop in order below the low of the price. It was triggered soon after.

2. Price continued to trade lower. Placed a limit order, it was not done, cancelled it thereafter.

3. Tenkan-sen cut above the jikun-sen, first signal of a possible reversal. When the price traded near the bottom of the kumo cloud, closed out partial position.

4. Price traded into the cloud. Chikou span also cut the jikun-sen at the same time. A stop loss order was already placed, position closed out.

Called it a day.

USDJPY 22 November 2011 Ichimoku Trading

USDJPY price has been trading lower since the BOJ intervention.

The current ichimoku indicators showed some opportunity for mid-term using 8 hour period charting.

Tenkan-sen is about to cut above the Jikun-sen. The whole set up likely to take place while under the kumo cloud. While it maybe early to establish the position, the risk involved for the stop loss associated is also relatively lower compared to when the trend has developed.

Looking forward, it is likely BOJ would want a weaker Yen instead of a stronger Yen for Japan economy recovery.

Will have to see how it will turn out.

EURUSD21 Nov 2011 Ichimoku Trading

Came back from my overseas trip in China.

The position trades had been stopped out.

It had been a very choppy market for the euro.

Price had been trading lower prior to the US market open. Again, trading what the price was telling you.

1. Three bull candles appeared, signalling a possible turn of trends upwards, especially when the price had been trading lower previously.

2. Bought at market as the price turned sharply upwards, with the tenkan-sen cutting above the jikun-sen, and above the kumo cloud. The chikou span had also cut above the price within the 26 period high.

3. Unfortunately, price itself seemed to be exhausted. Tenkan-sen cut below the jikun-sen, and the chikou span also cut below the jikun-sen 26 period back.

4. Exited the trade while the price traded into the cloud.

Called it a day.

EURUSD 08 Nov 2011 Ichimoku Trading

It was another day of news driven events in the Europe.

1. Price traded below the kumo cloud, with tenkan-sen cutting below jikun-sen, initiated a short position.

2. Planning to add on the position, placed a stop in order below the low of the price period form prior, similarly, around where chikou-span will cut below the kumo cloud. Unfortunately, or maybe fortunate enough, it was not triggered.

3. Price took a reversal, was stopped out when price traded above the kumo cloud.

EURUSD 03 Nov 2011 Ichimoku Trading

It had been quite some time that no intraday trade for EurUsd due to workload. Travelling again during mid November to China.

Look at the price, it was trading above the kumo cloud.

1. Tenkan-sen cut below the jikun-sen while above the cloud. The first signal to signal to initiated a short trade if any one wanted to. After a price period trade below tenkan-sen, intiated a short position while the price traded into the cloud.

2. The first profit taking zone. Closed out partial postion after reaching first target profit zone. also closed partial position from candle stick patterns. When the tenkan sen cut above the jikun sen, closed out partial position again.

3. The second profit taking zone. Price continued to trade lower. Closed out partial position after reaching second target profit zone.

4. Technical exit zone: Tenkan-sen cut above the jikun-sen while below the kumo cloud. First signal of warning that price could reverse. Closed out partial position when price traded to below the cloud. All remaining position closed out when price traded above the cloud.

Called it a day.

AUDUSD Daily Oct 2011 Ichimoku Trading (Continued)

Followed up on the post earlier

The price reversed abruptly. However, it was still above the price level where the position was intiated.

Stop loss level was placed in the cloud.

Holding on to the position.

USDSGD Daily Oct 2011 Ichimoku Trading (continued)

This was a follow up to a post earlier.

Again, price reversed it action abruptly.

Stop loss order was placed near intiated position level.

Position closed out.

NZDUSD Daily October 2011 Ichimoku Trading (continued)

This was a follow up trade to the post earlier

The joy was short. Price turned downward abruptly. Again, thanks to Euro Zone...

Stop loss order was place in the mid of the cloud and it was triggered.

NZDUSD Daily October 2011 Ichimoku Trading

Taken another position on NZDUSD.

Price had been trading upwards.

As usual, the tenkan-sen cut above the jikun-sen while below the kumo cloud. Another important signal was the chikou-sen about to cut above the jikun-sen, it would be idea if it cut above the cloud.

The price moved into the cloud and about to trade above the cloud.

Placed a stop-in order and it was triggered on the day itself.

Will hold the position and see how the trade turns out.

USDSGD Daily Oct 2011 Ichimoku Trading

This was the third and position initiated on 19 Oct 2011 for USDSGD. It was taken when the price just traded into the cloud.

Fundamentally, tenkan-sen had already cut below the jikun-sen, chikou-sen was about to cut jikun-sen.

The price on the day on entry went against the short position. Held on to the trade.

A stop in order was placed earlier just below the cloud, and with chikou-span likely to cut below jikun-sen, it was an ideal set up.

The price moved lower thereafter. Again, that was due to the news from EU.

Holding on...

AUDUSD Daily Oct 2011 Ichimoku Trading

This was the second position taken for the daily trade.

Probably one of the idea set up in ichimoku trading.

The trade was initiated on 19 Oct 2011.

Tenkan-sen had already cut above the Jikun-sen, and price acceleration as seen from the width between tenkan-sen and jikun-sen.

Price itself was trading just above the kumo cloud. And most of all, the chikou span was about to cut above the jikun-sen.

Though on that day itself, price went against the position initiated. It was still structurally within the ichimoku set up to take a long position.

Of course, with the good news from EU earlier, it helped.

Hanging on...

GBPUSD Daily Oct 2011 Ichimoku Trading

It had been quite some time since I last updated.

As mentioned earlier, I went for an overseas business trip in China, and was occupied with work thereafter.

Nevertheless, have taken a number of positions.

GBPUSD, the trade was initiated on 19 Oct when the price was trading in the ichimoku cloud. The tenkan-sen had already cut above the jikun-sen, and the chikou span is about to cut above the jikun-sen.

In addition to the ichimoku indicators, double bottoms pattern had been formed.

As the price began to moved upwards, had taken another position earlier with reference to Euro-zone debt issues. When the deal was announced later, price moved in favour on the long position of GBP.

Hanging on...

EURUSD 05 Oct 2011 Ichimoku Trading

Another day where not much had been made.

Price was trading upward before 2000h, and began to retraced just before 2000h.

Awaited the opportunity that would be arising. Finally the tenkan-sen cut below the jikun-sen. Placed a stop in order awating to get stop in. It happened 2 minutes later.

Price did not trade lower significantly. It was congested and traded sideways.

In anticipation, a limit order to close half the postion was placed, and subseqently cancelled.

Had shifted the stop loss lower, since the price was not moving what had been expected.

Stopped out.

Call it a day...

EURUSD 05 Oct 2011 Ichimoku Trading

Price had been trending downwards prior to 2000h, and subsequently an short term uptrend appeared.

There was no doubt that the price had already factored everything into it, cannnot ignore the fact on Euro Crisis. It is REAL. Thus favour on the SHORT side of EURUSD.

With news at 2100h and 2200h, decided to use ichimoku with reference to news.

After 2100h, Price already traded below Jikun-sen. Decided to hold on. Price retraced back forming a high higher than previous high. Placed a stop in order below the Jikun-sen for a short. It was triggered.

Price began to trade sideways after stopped in. As 2200h approaching, price traded lower.

There was a rapid move downwards around 20-25 pips after 2200h. Shifted stop loss to break even as this was a ichimoku trade based on news.

The move down did not sustain. Shortly after the stop loss was shifted down, price did a reversal and move above the kumo clouds...

Called it a day...

EURUSD 03 Oct 2011 Ichimoku Trading

Price had been trading lower again before 2000h.

Tenkan-sen was diverging from Jikun-sen from 2000h. There was a cross over of Tenkan-sen above the Jikun-sen, chikou-span was still below the price high, no long position established.

Tenkan-sen cross below the Jikun-sen and the price traded below. Placed a stop-in position, (amended subsequently to reduce the position). Was stopped in thereafter.

Tenkan-sen cross above the Jikun-sen again, and the price traded upwards. Closed the position and decided to call it a day.

EURUSD 30 Sep 2011 Ichimoku Trading

Was not trading for the past 2 days due to work commitment.

Back to trading tonight for the last day of the month.

Price had been trading downwards earlier till 2000h. Was planning what trade to do for the night. Tenkan-sen cut above the jikun-sen while above the kumo cloud. The chikou span also cut above the kumo later, there was opportunity to go long at around 2030h. Knowing there was a number of news, was stepping a side.

After 2030h, relook at the ichimoku charting, an opportunity was forthcoming...

Tenkan-sen cut below Jikun-sen while above kumo cloud. The price went into the kumo cloud, and Chikou Span had yet cut below the cloud completely.

Placed a stop in order (50%) just below the cloud, was stopped in the next moment.

Placed another stop in order (50%) below the low of the kumo cloud, was stopped in the next moment.

Price began to trade lower. Set a target profit to close 50% of the position. It was hit

Set another target profit to close 50% of remaining position (25%). It was hit

The remaining was stop loss, it was stopped out.

Called it a day...

EURUSD 27 Sep 2011 Ichimoku Trading

Like yesterday, price had been trending upwards before 2000h. It started to trade in range after 2000h.

Tenkan-sen cut below Jikun-sen just after 2000h. The price never moved much from there onwards, but trending lower in a gradual manner.

The price moved into the kumo cloud region, and finally cut through the kumo cloud. However, chikou-span had yet cut through the cloud.

Chikou-span traded below the cloud just before 2100h. The price appeared to be consolidation mood. It was noted that tenkan-sen was about to cut jikun-sen, decided to take a conservative position instead to short at the market.

The price never traded lower, it went the other way, up north. Was stopped out.

A loss day, called it a day.

Review: To note that if chikou span cut below the cloud when tenkan-sen about to cut above the jikun sen (While below the cloud), stay out....or long?

EUR/USD 26 Sep 2011

The price had been trending upwards earlier since late afternoon. Nevertheless, it seem exhasted.

The tenkan-sen cut below the jikun-sen just before 2000h. It looked like a good opportunity, but that's not part of the trade plan.

Price trended lower and penetrated through the kumo cloud. However, the confirmation from chikou span had not arrived yet. Until a quarter past 2000h, the order to established a short position for the price was keyed in. However, price did not go lower. It had been ranging for quite a while, before it was triggered 25 minutes later.

The price almost penetrated above the ichimoku cloud after stop-in. The thought of exiting the trade started to hover in the mind. Hang on to the plan, and keep the trade.

Price started to trend downwards thereafter. Closed partial position after meeting the initial target. Continued to close partial position again when price trended downwards. Have shifted the stop loss level down. It got hit subsequently.

Call it a day thereafter.

EURUSD 23 Sep 2011

The price had been trending down before 2000h. 

At point A, price faced some resistance at the bottom of the ichimoku kumo cloud. Nevertheless, the tenkan-sen started to cut above the jikun-sen. The price started to test the kumo cloud again. This time round it penetrated through the top of the kumo cloud. At the same time, the chikou span also penetrated above the cloud. Established a long position thereafter

The price trended upwards thereafter. There was some consolidation prior to another movement upwards. Placed a profit taking level. Closed off partial of the position at Point B.

The price consolidated at point B before trending down. A stop loss was placed below the Jikun-sen. It was later triggered at Point C.

Called it a day.

PS: price trended upward after stopping out at the time of this post... There will always be another day for  you to trade...

EURUSD 22 Sep 2011

Price had been trending downwards recently.

Decided to establish a position when price was trading above the kumo cloud.

The entry setup was when the tenkan-sen cut below jikun-sen while above the kumo cloud. And the price was lower than the low established from 2000h onwards.

Market moved down thereafter. Partial position was closed when it reached 40pips. Stop loss was shifted lower.

Stop loss level was hit later on.

Called it a day.

GBPUSD 06-Sep-2011 Follow up

This is a follow up to a post made earlier.

The GBPUSD trade was entered on 06 Sep 2011 when the price pierced through the ichimoku kumo cloud. Thereafter, a short position was established. It has been 16 days, almost 6++ pips profit.

EURUSD 19 Sep 2011



Took a long position in Eur/Usd when the Tenkan-Sen cut the kijun-Sen below the kumo cloud. The position was established after a bull candle closed above the 2 line crosses.

Another long position was established when the price when for a new high.

A third position was established when the price retraced back to Tenkan-Sen.

The price action was choppy even though there is strength in the price itself as showed by the chikou span cutting from below to above both the Tenkan-sen and Kijun-sen.

Nevertheless, traded as plan. Was stopped out eventually. A losing trade for the start of the week.

EURUSD 14 Sep 2011

Tenkan-sen cut the kijun-sen sharply. Went long when price cuts above kumo cloud, did it during pull back.

Again, another choppy session with sharp reversal. Price cut through Kumo cloud . Stopped out.

EURUSD 13 Sep 2011

Not a very good start for the week.

Went long initially after the tenkan-sen cut jikun-sen. Stopped out at break even.

Went short when price traded below the kumo cloud, but was stopped out when it went for reversal.

GBPUSD 13 Sep 2011

It had been quite some time since I last updated.

I was busy with work, and also option trading.

Have started option trading with thinkorswim. They have a branch office in Singapore.

Refering to my fx trade, I had taken a short position when an opportunity arised in the daily period.

The trade is still open as I written this post. The position was established on 06 Sep 2011.

EURUSD 29 Aug 2011

First day of the week.

Started well with long position when the price traded above the ichimoku kumo cloud from below. This was furthered confirmed by tenkan-sen cutting the kijun-sen, and chikou-sen cutting above kumo cloud from below.

Partial position was sold off as price traded near the top of kumo cloud. The remaining position was closed out and the price penetrated into the kumo cloud.

A short position was initiated @ 1.4513. However it was not triggered.

A short (& smaller) position was established @ 1.4522. Though the price traded below the ichimoku kumo cloud, this was NOT confirmed by tenkan-sen and kijun-sen, chikou-sen had also not traded below the kumo cloud. This position was closed out with a loss.

Closed the day with profit.

EURUSD 26 Aug 2011

Not a very good start. Initiated a short position. Was stopped out.

A long position was intiated thereafter. Recovered the loss for the earlier trade after closing out part of the position.

Remaining position was stopped out later on.

Ended the day with little profit.

EURUSD 25 Aug 2011

It was again another day of tsunami...

A short position was initiated as the price was trading below the ichimoku kumo cloud. While there was price retracement thereafter, it traded lower gradually.

After weakof jobless claim data at 0830h, price traded significantly lower. However, some support was shown at 1.4410. Price continued to trade in range bound.

Another short position was initiated according to trade plan.

Shortly after, the support at 1.4410 was penetrated.

The joy was short-lived though. A surge of tsuami came along, tenkan-sen cut the jikun-sen instantly, price shot up the ichimoku kumo cloud, stop loss triggered.

No idea on the intervention at this moment.

EURUSD 24 Aug 2011

It was another choppy day.

Price moved upwards after the released of news (US durables ex. transport.) Placed a stop in order for long, got triggered. New high was established. However, there was no strength in the momentum. Price retraced backwards. Half of the position was square off with the remaining being stopped out.

A short position was established accordingly. Similarly, new low was established. However, the joy was short lived. Price retraced upwards. Square off the position when price traded the top of the kumo cloud.

A day with losses.

While ichimoku charting is used as a trend following charting, there is a need to look into the price action established before the market start.

Similarly, the price action that follows through need to further examine if there is need to stay in the trade or stay out of the trade.

EURUSD 23 Aug 2011

Price action was kind of slow initially.

Placed stop in order for short. Short order was triggered later on. Set a target price to close half of the position.

There was price retracement. Thought that could be stop hunting. Placed a technical stop loss to close half of the position. Howevre, it was not triggered. Order removed.

Price moved lower. Reaching my target price. Half of the position closed.

After 1000h, news of new home sales released. Less than forcast. Closed half of the remaining position.

The remaining position was stopped out subsequently.

Good profit for the day.

EURUSD 22 Aug 2011

It was quite a choppy day.

Entered the day with a short position, position was square off as price showed reversal.

Another position was entered to go long. Position was partially square off when price entered the cloud. All position closed out when price traded below the cloud.

A day with loss.

EURUSD 19 august 2011

It was a very slow day.

Entered an order to long. Price triggered stop in long position.

Price was consolidation for hour. Closed the position.

At this moment, the price had moved upwards in favour of the "closed" long position.

Nevertheless, its in the plan to close out the position. There is always another for you to trade.

EURUSD 18 Aug 2011

The day did not start well.

Went long the first trade. Price action reversed. Postion closed out.

Went short accordingly to the trade plan.

Add on short position accordingly.

Price action followed through.

Position stopped out at 2 price level.

Good profit for the day.

EURUSD 17 Aug 2011

Another day of choppiness.
Placed a stop-in order for a short position. Price got triggered. Market turned around and closed out.
Placed a stop-in order for a long position thereafter. Price got triggered. No momentum in the rally. Position closed out.
Ended the day with small losses.

EURUSD 16 August 2011

Entered a long position as the price traded up.

Retracement was significantly more than expected, wind down half of the position prior to stop loss level.

Market moved higher there after. The rally was short lived. Was stopped out eventually.

Ended the day near breakeven.