Tuesday, November 29, 2011

EURUSD 29 November 2011 Ichimoku Trading Strategy 2nd trade















Second trade for EURUSD.

1. Initiated a trade just before 0800h. A typical ichimoku set up. Tenkan-sen below jikun-sen, and chikou span below the jikun-sen, with price just below the kumo cloud.

2. Placed another sell stop order according to set up. The sell order was triggered later.

3. Price moved up higher after placing the sell stop order, initiated another short trade to add on position.

4. Closed off partial position after reaching target profit.

5. All position closed out.

Good profit.

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