EURUSD 15 December 2011 Ichimoku Trading Strategy

Another day where price showed clear direction of which way to go.

1. Placed a stop in order for the short when traded below the kumo cloud, with indication from tenkan-sen and kijun-sen. The chikou-span also traded down.

During the trade, there was again sign of price reversal. A relief that price never traded above the kumo cloud.

2. There was no flow for the price to trade lower. Decided to exit the trade as it was about time to sleep. Exit the trade with little profit.

Will be flying off to China this weekend for a week. If time permits, will trade.

EURUSD 14 December 2011 Ichimoku Trading Strategy

It was another day where there was no strength in the flow.

1. Waited for a set up get into the trade. Placed a stop-in order which was triggered subsequently.

The price was not trending. It had moved above the ichimoku kumo cloud for a period of time. Stop loss level was just few pips away.

Price reversed and moved in the direction towards the position established. It seemed like the flow would follow through. Unfortunately not.

2. It was getting late. Place stop-loss level above the kijun-sen. It was hit.

Small profit for the day. Called it a day.

EURUSD Ichimoku Trading Strategy

Had established a few short positions for EURUSD earlier.

These positions were established based on fundamentals coupled ichimoku trading concept.

The EURO zone crisis remains, and the outlook is negative.

When the price traded near/in the kumo cloud, positions were established in shorting the EURUSD.

The stop loss was set at a level away from the top of the kumo cloud when the positions were first established. The risk of loss had been gradually reduced as the price traded lower.

Positions to maintain. Will continue to add on when opportunity arises.

EURUSD 13 December 2011 Ichimoku Trading Strategy

Not a good trading day...

1. Tenkan sen below kijun sen and both below the kumo cloud. Chikou sen also trading below 26 period low. Placed a stop in order below the price, triggered subsequently.

2. Stop loss was shifted lower when tenkan-sen come in-line with kijun sen. Price penetrated upwards hitting stop loss.

Called it a day. Fed meeting later, probably price will be choppy...

EURUSD 09 December 2011 Ichimoku Trading Strategy

The price moved quite a bit prior to the US timing.

1. Awaited for the opportunity to have typical ichimoku trading set up. Placed a stop-in order which was triggered soon after.

2. The first partial closing was for profit taking. When tenkan-sen cut above the kijun-sen, with chikou-span cutting above the 26 period high, closed off partial position again.

3. Price penetrated above the kumo cloud. All position stopped out and closed out.

Called it a day. Some profit for the day.

EURUSD 07 December 2011 Ichimoku Trading Strategy

No idea what has happened as of now. Stopped out.

Staying put to see any more trade opportunity. If not, will call it a day.

Please leave a message if you have knew what happened.

EURUSD 06 December 2011 Ichimoku Trading Strategy

It was another slow and steady day with a typical ichimoku trading strategy for EurUsd.

1. Price was trading lower, with tenkan-sen below kijun-sen. chikou span also below kijun-sen, and all three lines below the kumo cloud. Placed a stop in order which was triggered subsequently.

2. Placed order for target profit level to closed partially. Unfortunately, price was just few pips away... Order was cancelled subsequently.

3. Price stopped out in the mid of the cloud.

Profitable day, could be better though, called it a day.

EURUSD 05 December 2011 Ichimoku Trading Strategy

It was quite a slow day from 0800h US timing.

1. Price was trading above the tenkan-sen, with tenkan-sen above the kijun-sen, and above the kumo cloud. The chikou span also cutting above the kumo cloud. Placed a stop in order, which was triggered shortly.

2. Profit target, closed off partial positions

3. Price traded lower, below the kumo cloud. Stopped out. All positions closed.

Call it a day.

EURUSD 02 December 2011 Ichimoku Trading Strategy

Had waited till after the released of non-farm payrolls data. (Staying out is also taking a position)

1. Had waited for quite some time. Finally, an ichimoku strategy set up appeared. Tenkan-sen below the jikun-sen, both lines below, or near the lower part of the kumo cloud. Chikou-sen had also cut below the jikun-sen. Price itself also trading lower below the tenkan-sen. Initiated a short position.

2. It took quite some time for the price to trade lower. Closed out the position partially for profit taking. Lower stop loss as it was almost midnight.

3. Stopped out.

Good profit for the day.

(P.S: Stop loss level should be further according to ichimoku strategy. However, it's late here...)