Saturday, October 29, 2011
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.
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