Tuesday, October 4, 2011

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.

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