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.

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