Thursday, December 15, 2011
EURUSD 14 December 2011 Ichimoku Trading Strategy
It was another day where there was no strength in the flow.
1. Waited for a set up get into the trade. Placed a stop-in order which was triggered subsequently.
The price was not trending. It had moved above the ichimoku kumo cloud for a period of time. Stop loss level was just few pips away.
Price reversed and moved in the direction towards the position established. It seemed like the flow would follow through. Unfortunately not.
2. It was getting late. Place stop-loss level above the kijun-sen. It was hit.
Small profit for the day. Called it a day.
Location:Singapore
Singapore
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