Friday, December 16, 2011

EURUSD 15 December 2011 Ichimoku Trading Strategy















Another day where price showed clear direction of which way to go.

1. Placed a stop in order for the short when traded below the kumo cloud, with indication from tenkan-sen and kijun-sen. The chikou-span also traded down.

During the trade, there was again sign of price reversal. A relief that price never traded above the kumo cloud.

2. There was no flow for the price to trade lower. Decided to exit the trade as it was about time to sleep. Exit the trade with little profit.

Will be flying off to China this weekend for a week. If time permits, will trade.

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