Thursday, July 28, 2011

EURUSD 26 July 2011















It was quite a good trade.

Place a conservative long when the price traded above ichimoku cloud. Stops loss was place some distant away to get away from stops hunting.

The price action continued to trend up. Places trailing stops. Ended up a good winning trade.

Monday, July 25, 2011

EURUSD 25 July 2011















It was not a very good start for the week. The price action was quite choppy.

I started the trade with a long, but was stopped out. It was followed by a short, but was again stopped out.

A long was reinitiated, shortly after, it was stopped out again.

Another short was initiated, and finally, the price moved downwards gradually.

It was still a loss for the day, but the loss had been greatly minimized by the last trade.

Saturday, July 23, 2011

EURUSD 21 July 2011















It was an easy trade when the price trend.

Long EURUSD during the US timing, as the market trend upwards.

Unwind the position graudaully, and was finally stopped out.

Called it a day thereafter.

Thursday, July 21, 2011

EURUSD 20 July 2011 Trade















Greed and Fear knocked on my door. Did not have a good trade. Ended with a loss. Switched off computer and called it a day.

Wednesday, July 20, 2011

EURUSD 19 July 2011 Trade 2















This was another trade for the day.

As from the chart, when the price cut Kumo cloud from above, took short position just below the kumo cloud.

The position was closed out gradually. All position closed out when the price retraced back to below Kumo cloud later.

Tuesday, July 19, 2011

EURUSD 19 JULY 2011 Trade 1















As from the chart, a stop order was filled for EURUSD @ 1.4155. The position was subsequently.

The position was unwind gradually when the price traded up. This is a good trade with the price escalation shortly when the stop entry was triggered.

The position was closed out completely when the price traded below the Kumo cloud.

Sunday, July 17, 2011

EURUSD 15 July 2011 Trade 4















This was the fourth trade of the day, and it was not good.

Prices had been choppy.

Went short the EURUSD again after the stopped out.

Short after, was stopped out again, probably due to stop hunting.

Nevertheless, follow the plan.

Saturday, July 16, 2011

EURUSD 15 Jul 2011 Trade 3
















Did not manage to short the EUR when the market turned down. However, went into short position as the price retrace back to the cloud. The position was held shortly. Eventually closed out the position when the price traded above the Kumo cloud.

Friday, July 15, 2011

EURUSD 15 July 2011 Trade 2




























As mentioned in the earlier post, which I got stopped out from the short position, I re-entered the trade with a short position again after the price sharply came down as seen from chart 1.

The second chart showed the closing of position subsequently as the price moved lower. All positions were subseqently closed out @ 1.4121.

EURUSD 15 July 2011 Trade 1




























This trade was done in the noon Singapore time.

From chart 1, the Euro had traded off the ichimoku cloud earlier just before 1400h.

During the price retracement, took the opportunity to go short between 1425-1430hr @ 1.4153

I had made a very bad mistake as you could see from chart 2 where I placed the stop loss just at the kumo top. I was stopped out. Something I regretted later on.

EURUSD 14 July 2011 Trade 2




























From the first chart, after the stopped out of the long trade, a short trade was initiated. 2 more short trade were initated there after.

As from the chart iteself, the price reach the base kumo cloud, and did a reversal.

From the second chart, the positions were closed out gradually as the price moved lower.

All positions were closed out when the price moved back and cut the Kumo cloud.

EURUSD 14 July Trade 1





























This is the first trade of the day.

From the first chart, Ichimoku showed a very good long signal.

The Tenkan-sen cut the Jikun-sen inside the cloud.

The price subsequently cut about the Kumo cloud.

The Chikou span also cut above the Kumo cloud, most of all, above all historical price action.

Having said that, there will be Fed Broadcast at 1000h. There is not intention to trade news. However, it is part of the trade to take note what news will be announced.

The second chart showed the price action after the broadcast. There is no immediate action. However, there is severe price action taking place from 1010h.

The trade was stopped out. New short position is in.

Thursday, July 14, 2011

EURUSD 13 July 2011 - 2
















This is the subsequent movement of the price for the post earlier. At 1000h, the price shot up triggering a stop loss placed above the cloud.

It is quite unfortunate as the price traded below the cloud one the trade initiated at around 0850h.

Nevertheless, its always important to place stop loss order for situation like this.

Wednesday, July 13, 2011

EURUSD 13 JUL 2011 - 1















Initiated a short position in EURUSD @ 1.4004.

There is very strong signal from the ichimoku itself to initiate the short position.

The tenkan-sen has cut the kijun-sen while the price is trading above the kumo cloud. A signal indicating a change in trend.

The price itself cut the Kumo cloud from subsequently, a further indication that the change in trend is imminent.

The chikou-sen has also clearly formed below the historical price action.

Tuesday, July 12, 2011

USDSGD 12 July 2011















The USDSGD moves against the position initiated. This is mainly due to the increasing EUR concerns whether the Italy and Portugual will default their debt.

As the price is still below the cloud, and the lagging span is below the historical price, the position is maintained.

EURUSD 12 July 2011 2nd trade















Another short term trade based on ichimoku charting. This is a 1-min EurUsd chart. We could see how the price penetrate throught the kumo cloud. The laggins span can also be seen penetrating into the Kumo cloud.
A long position has been taken @ 1.3887. The position was eventually closed out @ 1.38994

EURUSD 12 July 2011
















Initiated a short term trade using ichimoku charting.

At 1500h, the price failed to penetrate through the cloud to turn the trend. We can see a good sell as the lagging span traded below the past prices.

Sold EurUsd @ 1.3921 level. This position was closed @ 1.3890 subsequently. 31 pips profit.

Friday, July 8, 2011

USD/SGD















Singapore dollar has been appreciating against the US Dollars for the last couple of months. With the US facing its debt ceiling call again next month, sometime in 03 Aug 2011, it is likely the US dollars will further depreciate against asians currencies.

Based on the daily ichimoku charting of USD/SGD, there were three attempts where the USD/SGD aimed to break through the cloud. All three attempt failed.

The price action is bearish. Tenkan-sen has cut the Kijun-sen. Chikou-span is below the price 26 periods ago. The cloud has also turned negative on 24-5 June 2011.

A short position has been taken on July 7 12:29:34 2011 EDT.