Sunday, December 11, 2011

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.


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