EURUSD Ichimoku Trading Strategy (Long)

All previous short positions closed. Decent profits after staying on with the trend.

New long position established.

(Tenkan-sen cuts above kijun-sen, most of all, chikou-span cuts above the kumo cloud.)

Will look for opportunity to add on position.

EURUSD 10 January 2012 Ichimoku Trading Strategy

Price was already trading above the kumo cloud during US timing. Waited for some time to have a set up.

When the price went into the kumo cloud around 0830h (US timing), awaited for the set up.

1. Tenkan-sen cut above the jikun-sen while inside the kumo cloud, and the price was trading above the tenkan-sen. Morever, chikou span touched the jikun-sen and rebounded. Placed a stop in order which was triggered after.

2. Price reversed shortly after, penetrating through the thin kumo cloud.

It was unfortunate that the 2nd trade was also a lost.

EURUSD 09 January 2012 Ichimoku Trading Strategy

It was not a good start to the first intra-day trade for the year 2012.

Price had been moving upwards since the beginning of the day. When the US timing approached, price started to reverse.

Initiated a stop in order shortly after the opening of the US timing (0800h), all important lines were in their position. Tenkan-sen was below kijun-sen, both below the kumo cloud. Chikou Span had also traded below the kumo cloud. The trade was triggered shortly.

Price decided to make a reversal shortly after. Was stopped out above the kumo cloud. Not a good start for the year...

EURUSD Ichimoku Trading Strategy

It had been quite some time since I last posted. After my last business trip in China, went to Taipei for my new year holiday. At the same time, will begin my career with another organization, which will have frequent overseas traveling.

Having said that, continuing on one of my posts earlier, I have added another position to my EURUSD. The previous positions remain. The new add on position was established when the price traded near the bottom of the ichimoku kumo cloud.

Will continue to hold on and shift lower the stop loss level.