Friday, October 28, 2011

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...

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