Tuesday, November 29, 2011

EURUSD 29 November 2011 Ichimoku Trading Strategy















Took one trade in the office.

It was a good set up by the ichimoku itself.

1. Tenkan-sen above jikun-sen, and above the kumo cloud. Chikou span also cut above the jikun-sen and into the kumo cloud. Initiated a long trade for the price.

It took some time for the price to move.

2. Price went into the cloud. Tenkan sen also cut below jikun-sen. Chikou span also cut below jikun sen. Exit the position.

Good profit.

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