Tuesday, December 6, 2011
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.