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.