Wednesday, December 14, 2011
EURUSD Ichimoku Trading Strategy
Had established a few short positions for EURUSD earlier.
These positions were established based on fundamentals coupled ichimoku trading concept.
The EURO zone crisis remains, and the outlook is negative.
When the price traded near/in the kumo cloud, positions were established in shorting the EURUSD.
The stop loss was set at a level away from the top of the kumo cloud when the positions were first established. The risk of loss had been gradually reduced as the price traded lower.
Positions to maintain. Will continue to add on when opportunity arises.