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.