EURUSD Ichimoku Strategy since 21-Nov-2012 #6

Last post for the year. This is an update to the EURUSD positions established since 21 November 2012. The last post was made on 14 December after adding another position when tenkan sen cut above the jikun-sen.

The very first position was established on 21 November, when price action penetrated into the kumo cloud, with chikou span cutting above jikun sen.

Continued to established more positions as price action keep trending upwards. After Price itself established as earlier peak on 6 Dec, had took partial profit on the positions established earlier.

Thereafter, established 2 more positions, one when price traded near the kumo cloud top, the other when tenkan sen cut above jikun sen again.

Stop loss level is now adjusted to below the jikun-sen. If stop out, all positions will lock in profit pips as shown.

Once again, merry christmas & happy new year.

GBPUSD Ichimoku Trading since 21 Nov 2012

After taking profit a couple of days ago, price action made a U turn. As mentioned, planning for my exit since going for my year end holiday, all positions were stopped out for the stop loss level placed below the Jikun-sen. Good profits for all the positions built up since 21 November.

Merry Christmas and Happy New Year.

NZDUSD Ichimoku Trading Closed out

As per mentioned in earlier post on NZDUSD, will take opportunity to close out or exit NZDUSD.

Looking at the tenkan-sen meeting the jikun-sen, had taken the opportunity to exit and close out all NZDUSD position.

Technical (Ichimoku)

Tenkan-sen and Jikun-sen converging and likely to have a cross over. Chikou span is also looking to first cut the tenkan-sen. Thick kumo cloud ahead translating a strong support or resistant depending how the price action react the way forward.

Strategy (Ichimoku)

Where there are signs for short, trend remains upward as long as price action above the kumo cloud. Aggresive short bias may start establishing short position with stop loss above the highest high between now to chikou span. Another opportunity to go short is when chikou span cut below tenkan sen, follow by price action cutting below kumo cloud.

Aggresive long may start to build position now with stops loss just below the kumo cloud low. Otherwise, wait till price action above the tenkan sen.

GBPUSD Ichimoku Trading since 21 Nov 2012

An update to the positions established in GBPUSD.

Closed out the last position established on 12 December. It was established when Tenkan Sen cut above the Jikun-Sen as mentioned in the earlier ichimoku trading post.

It is likely to plan for exit strategy for the remaining positions as I will be going for my year end holiday.

NZDUSD Ichimoku Trading

This was another sharing trades for NZDUSD.

Took the opportunity to go long on 27 November when price action was trading just above the kumo cloud. Had actually added another positions on the 4 December, which was not reflected after that position was closed earlier this evening.

Profit of 201  pips. Still have another long position established on 27 December November. Will take opportunity to square off the position.

GBPUSD Ichimoku Trading since 21 Nov 2012

Continued update from previous post.

As mentioned previously, price level to look at when tenkan-sen cut above the jikun-sen or near the kumo cloud hi. Price action never fell back to kumo cloud high, but opportunity came when tenkan-sen cut above the jikun-sen. Established another long position to the existing long positions.

Technical (Ichimoku)

All ichimoku signals favor a bullish uptrend. Tenkan sen cut above the jikun sen while above the kumo cloud, chikou span above the kumo cloud, jikun-sen, and most of all, looking to go above within the 26 periods high forward to the current price. The only not so favorable situation is the forward cloud is not thick enough. A thick kumo cloud would give strong support to the price action forward.

Strategy (Ichimoku)
If long, stay put. May want to look to long at tenkan sen and jikin sen level.

Not recommended to go short. If any, aggressive taker may want to short once tenkan-sen cut below jikun sen.

EURUSD Ichimoku Strategy since 21-Nov-2012 #5

As per previous post mentioned, there was a pull back in price action to new the cloud hi. Price action actually went into the kumo cloud, and emerged out from the kumo cloud again on the upside.

Decided to add another long position as tenkan sen cut above the jikun sen. The forward cloud is thin. Will need to watch out price action activity around that period.

Technical (Ichimoku)

Tenkan-sen cut about jikun-sen while in the kumo cloud. Price action is clearly above the cloud. Chikou span has cut the tenkan sen and jikun sen, and looking to cut above 26 period price high.

The chikou span provides a clear picture between present price action and past price action activities. What is has demonstrated at one glance is the current price activities compared to 26 periods price activities from the current period.


The question now is will there be more shorts joining the EURUSD or there will be more shorts exiting the EURUSD.

From the chikou span, one could observe within 26 periods, price action fell sharply before making a U turn when it went into the kumo cloud.

Existing shorts within these 26 periods will have to make a decision, to stay or to exit or to add?

New positions taker will have to decide to go with long or short?


Strategy (Ichimoku)

For long, current price level is strategic to go long. For conservative, may want to wait till when price action went above 13130.

For short, aggressive taker may choose to go short and place stop loss above 13130. Else, it may be better to wait till price action goes below the cloud.

GBPUSD Ichimoku Trading since 21 Nov 2012

Continue update from previous post.

After establishing the positions earlier, price action made a move upwards, and began to pull back to below the jikun-sen.

Established another long position when the price traded near the kumo cloud hi.

Technical (Ichimoku)

Price action remains above the kumo cloud, with tenkan-sen crawling to climb over the jikun-sen. Chikou span has remained in the bullish region by maintaining above the jikun sen.

Strategy (Ichimoku)

Opportunity to go long with price action above the kumo cloud. Price level to look at when tenkan-sen cuts above jikun-sen. or near the kumo cloud high. Placed stop loss below cloud lo.

EURUSD Ichimoku Strategy since 21-Nov-2012 #4

It had been quite a volatile week for the Euro.

After establishing new position as mentioned in previous post, the price action had an upward movement to near 13130 level. that followed by a reversal or retraction to where the price now (12920 level as being check at this instant)

Some positions had been square off to lock in profit for the position established earlier. Also new position had been established when price action went below the jikun sen.

Technical (Ichimoku)

Price action remains around the kumo cloud top, which mean the kumo cloud support comes in play near this level, and the uptrend remains in tact.

However, tenkan-sen is converging towards jikun-sen, and likely to cross under the jikun-sen, the very first signal to go short (if one wants to).

Chikou span still above the tenkan sen, and likely to go below tenkan sen soon.

Strategy (Ichimoku Trading)

The next few periods of the price action will be significant.

Long position takers may choose this window to go long. With the kumo cloud support, price action should reveal accordingly.

Short position takers may start to establish small short position with aim of increasing more short position should price action goes below the cloud.

See how the price action comes about.

GBPUSD Ichimoku Trading

Sharing some trades for GBPUSD.

The very first position was taken when price action started to penetrate into the kumo cloud. During then, tenkan-sen had cross over the jikun-sen, and chikou span had cross over the tenkan-sen. Based on these two early signals from the ichimoku strategies, with price piercing through the kumo cloud, long one position.

The second trade was a conservative approach. Tenkan-sen above the Jikun-sen, chikou span above jikun-sen and above the kumo cloud, and price action penetrating above the top of the kumo cloud. Established the second position.

The third and last trade as of now, was established when price action touching the top of kumo cloud. This was add on to the long positions.

Stop loss level below the kumo cloud.

Depending how price action reveals, will react accordingly.

EURUSD Ichimoku Strategy since 21-Nov-2012 #3

Continued from yesterday's post.

Have added another long position when price action retraced back to where the tenkan-sen.

Ichimoku Technical

Looking forward, tenkan sen and jikun sen are converging, with a higher and thicker kumo ahead. Price action is anticipated to have consolidation around 13000 and above 12970.

Ichimoku Trading Strategy

Depending how the price action unveils itself, long position preferred. Can look to establish long position near the tenkan sen level, or when tenkan sen and jikun sen meet.