Tuesday, December 6, 2011

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.

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