Saturday, December 3, 2011
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...)
Location:Singapore
Singapore
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