Ichimoku Trading Strategies EURUSD 31-Oct-2013 #1

A new trading position established for the EURUSD couple of days back. At the time of establishing the position, price action had a sharp penetration through the ichimoku cloud in one period. Tenkan-sen just went below the kijun-sen, but remained above the ichimoku cloud. Chikou span just cut below the kijun-sen, also above the ichimoku cloud. The forward cloud was thicked, though "bullish". When price action went below the thick "bullish" cloud, it probably meant something. The trade was in then.

Looking forward, a lot of "space" for the price activity below the kumo cloud. Unlikely to see a bullish price action for the next few days unless there is sufficient fundamental change.

Ichimoku Trading Strategies NZDUSD 04 Sep- 2013 #5

Finally, or unfortunately, the positions were stopped out recently.

For reference to where the positions were, you may refer to this post.

Ichimoku Trading Strategies NZDUSD 04 Sep- 2013 #4

An update to the existing positions.

Patience is one virtue one needs in trading. The very first position started in 04 Sep , 2 more positions were added on 24 Sep and 11 Oct. To just sit and wait for the price action reveals by itself maybe something easier to say than do.

The green line is the take profit level.

Of course, another school of thoughts will be to let profit run, just place a stop loss below the cloud lo, we never know how far it will go. That is not wrong. It's just different.

Ichimoku Trading Strategies NZDUSD 04 Sep- 2013 #3

Ichimoku Trading Strategies NZDUSD 04 Sep- 2013 #3

Well, it has been quite some time since the last update.

2 more positions have been added since the last update.

The first position was added on 24 September, that was added when price action came to the kijun-sen level. The second position was added on 11 October, that was added with the price action (period) above the kumo cloud. The current stop loss level is some distant away from the cloud lo.

The forward kumo cloud is thin, increasing the risk of the reversal for the current uptrend. Encouraging signs will be the forward cloud is turning bullish, and chikou span remains above the cloud hi. The next few period will be critical as the price action unveils itself.

Total risk for all the three positions remains controllable.

[url=https://www.ichimoku-trading.com/]Singapore Ichimoku Trader Trading Forex[/url]

Ichimoku Trading Strategies NZDUSD 04 Sep- 2013 #2

This is an update of the previous ichimoku blog post on 09-Sep-2013.

Since the last post, the kiwi has moved upward in a gradual manner. The trade itself is sitting more than over 400+ pips (Entry on the white circle), stop loss level has shifted to cloud lo level covering the trade itself.

Current Review
From the current ichimoku charting, tenkan-sen, kijun-sen, chikou span are all above the kumo cloud. Tenkan-sen in particular, has been providing the support for the price action looking at the past activities. The gap between tenkan-sen and kijun-sen remained "small", reflecting the gradual upward trend on the price action, minimizing the possibility of downward reaction from price action itself. Another feature from the ichimoku charting itself, kijun-sen is quite a distant away from the kumo cloud, bear traders will have to sell down quite a number of pips to meet the next group traders waiting at the cloud hi. The most encouraging sign for buyers is the "thick" kumo cloud itself, where buyers and sellers fight out to determine the winner of the direction. It is not just technical analysis will determine how the change in in trend, fundamental will play an important role here.

Retrospective Review
The actual entry was made on the white circle. As mentioned in previous post, the chikou span was about to cut above the kijun-sen. However, decision has been made to enter the position then.

The first yellow line from bottom reflected the "ideal" entry level, where chikou-span has cut the kijun-sen.

The second line from bottom reflected another "ideal" entry level, with chikou-span cutting above the kumo cloud.

The first yellow circle from bottom would be based on price action cutting above the kumo cloud, and entering on the next period.

The second yellow circle from bottom would be another "ideal" entry level, with tenkan-sen, kijun-sen, and chikou-span all being above the kumo cloud.

The third to sixth yellow circle from bottom would be good entry when price action touches the first support level at tenkan-sen.

As usual, it always look like a perfect trading system on looking back. However, at the point of time, did we take the trade? I did not due to my own money management methodology.

Nevertheless, hope the retrospective review provides some insights on the use of ichimoku charting.

[url=https://www.ichimoku-trading.com/]Singapore Ichimoku Trader [/url]

Ichimoku Trading Strategies USDCHF 16 Sep 2013 #1

Opened an position in USDCHF few days ago. Price action already cut below the ichimoku cloud. Tenkan-sen cut below kijun-sen and below the cloud, while kijun-sen was about to cut below the cloud. Chikou span, though cut below the kijun-sen, was not below the cloud during the time of the execution. Nevertheless, opened the position as chikou span below the cloud would be the last indicator of all.

The big drop yesterday was due to FED meeting. It either worked for or against the position. Luckily or not, it worked for the position.

Stop loss level remained above the cloud.

First resistance level will be the tenkan-sen level. Price action itself has not really increased momentum despite the fall yesterday looking at the gap between tenkan-sen and kijun-sen.

Will see how price action reveals itself.

Ichimoku Trading Strategies NZDUSD 04 Sep 2013 #1

A trade executed few days ago on 04 Sep 2013 for NZDUSD.

At the time when the trade was executed, price action went into the ichimoku cloud from the cloud low. Tenkan-sen cut above the kijun-sen and chikou-span about to cut above the kijun-sen, coupled with a thick forward cloud.

Current price action above the ichimoku cloud, thick, meaning a strong support to the price action above the cloud. It will take more than just news to reverse the price action.

One may consider to add on more position with risk below the cloud lo.

Ichimoku Trading Strategies EURUSD 16 July 2013 #3

This was an update to the existing positions. Unfortunately, price action did a sharp reversal. Stopped out all positions with minimal loss. One and half month wasted.

Ichimoku Trading Strategies USDCHD 16 Jul 2013 #1

Another position trading which took time to see it gains.

First established the position when price action penetrated below the ichimoku cloud on 16-Jul-2013. The chikou span cut below the tenkan sen and kijun-sen, however, not yet below the ichimoku cloud lo. Survive the spike in price action on 15 Aug 2013.

The forward cloud remains thin, and resistance to the price activity remains a concern. The encouraging part is the tenkan-sen, kijun-sen and chikou-span are now below the cloud.

Singapore Forex Trader.

Ichimoku Trading Strategies EURUSD 16 July 2013 #2

An update from previous ichimoku blog post.

Am still holding on to the position. Thin ichimoku cloud ahead raises concerns to the supporting strength for the price action. The current new high is pleasing though.

Singapore Ichimoku Trader

Ichimoku Trading Strategies EURUSD 16 July 2013 #1

This was an retrospective and current post.

The very first position was established on 16 July, when price action penetrated above the ichimoku cloud. Held on to the position for some time, added a second position when chikou span cut above the ichimoku cloud. Continued to hold the 2 positions until a third was added recently, when tenkan-sen recut above kijun-sen while above the ichimoku cloud.

The forward path looks worrying as the cloud is thin. Will have to see how the price action develops itself.

Singapore Ichimoku Trader.

Ichimoku Trading Strategies AUDUSD 16-July-2013 #4

Not a very good way to end the month with. Was stopped out in the AUDUSD as seen from the chart. A sharp reversal in the price action piercing from above the ichimoku cloud to below the ichimoku cloud.

Ichimoku Trading Strategies AUDUSD 16-July-2013 #3

Coming to the end of the week, it's weekend tomorrow!

Price action gave a scare this week, touching and cutting through cloud lo, and rebounded back above the cloud. Also mentioned previously was the level 9300, it continued to be a resistance level for the price action to break through. Added another long position near the kijun-sen.

Technical Analysis (Ichimoku Charting)

Tenkan-sen is currently below the kijun-sen, while the price action and chikou-span remain above. The forward ichimoku cloud reflecting thickness, indicating the support level is building up as price moves forward. The rebounding of price action after touch ichimoku cloud low also indicates long buyers are coming in.

Trading Strategies (Ichimoku Trading)

Establish long with stop loss below cloud. Stop in traders may consider level above 9300.

Singapore Forex Trader

Ichimoku Trading Strategies AUDUSD 16-July-2013 #2

We continued our update from the previous ichimoku blog post.

Established another position as tenkan-sen cut above kijun-sen a couple of periods back.Stop loss level remains below the kumo cloud. It was about the same time the kumo cloud turned bullish.

Technical Analysis (Ichimoku Charting)

Looking ahead, it would be desirable that kijun sen and chikou span cut about the kumo cloud. As chikou span still below the recent high @ 9300 level, that would be a level to watch out for.

Trading Strategies (Ichimoku Trading)

May continue to establish long as the price unveils with stop loss below cloud lo level. Watch out for reaction at around 9300 level.

Singapore Ichimoku Trader

Ichimoku Trading Strategies AUDUSD 16-July-2013 #1

Established a long position in AUDUSD. This is based on the price action above the ichimoku cloud ONLY.

The position is established based on reduce risk in terms of sizing.

Technical analysis (Ichimoku Charting)

Tenkan-sen has yet to cut to kijun-sen, and chikou span is still below the kumo cloud lo, though it has now cut above the tenkan-sen and kijun-sen. The forward cloud has yet turned positive either. Except the price action and chikou span above both the tenkan-sen and kijun-sen, the remaining indicators from ichimoku charting has yet firmed up a bull call signal.

Trading Strategies (Ichimoku Trading)

Long position may be established or may start to be established. Sizing may be increased gradually as more confirmation signals from ichimoku charting itself. May look out for tenkan-sen above kijun sen, forward cloud turning bullish, and chikou span cutting above kumo cloud hi.

Singapore Ichimoku Trader

Ichimoku Trading Strategies for Forex USDJPY 27-Jun-2013 #6

Exit all positions as price action entered into the ichimoku cloud. Currently all flat.

Singapore Forex Trader

Ichimoku Trading Strategies for Forex USDJPY 27-Jun-2013 #5

Square off partial position for profit taking the day before, remaining positions remain open.

Technical Analysis (Ichimoku Charting)

Price action came south hard, piercing through both tenkan-sen and kijun sen, and it has brought tenkan sen cutting below kijun-sen soon. Chikou span is now hoovering above tenkan-sen, and may look to cut below tenkan-sen and kijun-sen soon. The ichimoku cloud remains thick looking forward, and look to provide good support to the price action.

Trading Strategies (Ichimoku Trading)

General view remains bullish. Very much is dependent on the price action itself. Current level or cloud top level will be levels to look at to establish long with stop below cloud lo. Short is not really recommended at such stages.

(On a side note, some meeting later today may have big influence to the price action, not of a concern here though)

Singapore Forex Trader

Intra-day Trade using Ichimoku Trading Strategies 09 Jul 2013

Did an intra-day trade earlier. Decided to blog on it.

The general set up is using ichimoku charting.

The first entry was short. It was established while price near the kijun-sen. It was an active set up, anticipating that price action will be moving. Unfortunately, not much movement, position was closed out.

The second entry was more of a reactive entry, as price action began to move. Profit level set up.

Profit target hit shortly after (Partial closed out)

Exit remaining position shortly after.

General Principle:

• Sell if price action is below the ichimoku cloud.
• Close out as tenkan sen and kijun sen diverge out.

Ichimoku Trading Strategies for Forex USDJPY 27-Jun-2013 #4

Continued with the USDJPY ichimoku blog. Added position to the current trend.

A recap: First established on 27-Jun @ 98.33, closed out partial for profit taking @ 99.45, now adds position @ 100.88

Technical Analysis (Ichimoku Charting) 

All ichimoku indicators are in bullish mode. More important, chikou span break new high for its own 26 periods lagging.

Trading Strategies (Ichimoku Trading)

Looking to long only. Current level, with stop loss below ichimoku cloud. Depending how price action unveils, will adjust accordingly

Singapore Forex Trader

Ichimoku Trading Strategies for Forex USDJPY 27-Jun-2013 #3

Price action made a dramatic move southward after the ichimoku blog yesterday.

Partial profit has been taken, with remaining positions have stopped loss below the ichimoku cloud.

Trading Strategies (Ichimoku Trading)

Remain bullish with remaining long positions. Continue to look for opportunity to establish long position. Tenkan-sen and Kijun-sen remain levels to be watch out. Will see how the price action unfolds. Stop loss remains below the cloud lo.

Singapore Forex Trader

Ichimoku Trading Strategies for Forex USDJPY 27-Jun-2013 #2

Continued from previous ichimoku blog on this trade.

Price action has a good run up. Will see how the price action reveals itself.

Technical Analysis (Ichimoku Charting)

All ichimoku charting indicators are in bullish mode. A bullish trend till it changes

Trading Strategies (Ichimoku Trading)

Tenkan-sen maybe a good level to go for long entry. Stop loss remains below the cloud lo

Singapore Forex Trader

Ichimoku Trading Strategies for Forex USDJPY 27-Jun-2013 #1

After existing previous short positions, established new long position in USDJPY. Tenkan-sen has cut above kijun-sen, and the forward cloud already turned bullish. Kijun-sen and chikou span remained in the ichimoku cloud, however, that did not really hinder the long position to be established.

Technical Analysis (Ichimoku Charting)

More confirmation signals from ichimoku charting itself, with both chikou span and kijun-sen out of the kumo cloud. It is now a bullish trend.

Trading Strategies (Ichimoku Trading)

Good to establish long position if one has not done so, with stop loss below cloud lo. Do not recommend short. And if preferred short, will be at least when price itself cut below kijun-sen, though it is still a bull call with price action above the kumo cloud.

Singapore Forex Trader

Ichimoku Trading Strategies for Forex EURUSD/USDCHF Stopped out USDJPY Closed out

EURUSD

USDCHF

USDJPY





Both EURUSD and USDCHF stopped out. USDJPY closed out.

Ichimoku Trading Strategies for Forex NZDUSD & USDCAD stop out

An update from previous NZDUSD blog post and USDCAD blog post. All positions in the NZDUSD and USDCAD had been stopped out. No new positions established for the 2 pairs above.

Fundamentally, indexes, metals, energy and currencies reacted to the event earlier this week by the Fed. Price action in the underlying reflected accordingly.

Still holding positions in EUR, YEN and CHF. Trade according to plan.

Singapore Forex Ichimoku Trader

Ichimoku Trading Strategies for Forex NZDUSD 14-Jun-2013 #2

Continued from previous ichimoku blog post. Established another long position at the cloud lo. Stop loss level remains the same.

Technical Analysis (Ichimoku Charting)

Price action pulled back after the long position established few days ago, going into the ichimoku cloud low level. Tenkan sen is above the kijun sen and above the cloud hi, whereas kijun sen is still below cloud lo. Chikou span while above the tenkan-sen and kijun-sen, remains below the ichimoku cloud lo. The forward Ichimoku cloud remains bullish, and it gets thinner.

While another school of thoughts will probably looking to sell when price action below the ichimoku cloud lo,  it can be, if ignoring the other ichimoku indicators.

Price action itself took major strength to for a reversal from the recent low, resulting tenkan-sen cutting above kijun-sen, price action above the cloud hi, chikou span cutting above tenkan-sen and kijun sen, and the bearish cloud to bullish cloud.

The threat for an emerging bearish sign will be considered when tenkan-sen below the kijun-sen.

Forex Trading Strategies (Ichimoku Trading)

Remain conservative, establish long position with stop loss below lowest cloud lo level forward. If tenkan-sen cut below kijun-sen, prepare for exit strategy.

Alternative school of thoughts can consider going short below cloud low with stop loss above cloud high.

Singapore Forex Ichimoku Trader

Ichimoku Trading Strategies for Forex NZDUSD 14-Jun-2013 #1

Established a new position in NZDUSD.

Technical Analysis (Ichimoku Charting)

Tenkan-sen cut over the kijun sen while below the ichimoku cloud. Chikou span has also cut above the tenkan-sen and kijun sen. The forward bearish cloud is turning bullish. More important, price action is cutting above the ichimoku cloud.

Forex Trading Strategies (Ichimoku Trading)

Established long position, with stop loss below the cloud lo(west). Things to note ahead will be chikou span cutting above the ichimoku cloud and price action maintaining above cloud hi.

Singapore Forex Ichimoku Trader

Ichimoku Trading Strategies for Forex USDJPY 27-May-2013 #2

Continued from previous forex blog. Unfortunately could not wait till 14-15 Jun to assess the price action then. Since the last post, price action had a major pull back above the the kijun-sen. Added another short positions. There is now good profit to be taken, probably the question is at what level?

Technical Analysis (Ichimoku Charting)

All indicators from the ichimoku itself indicate bearish outlook. There is not bullish signal near term. The only weakest link in the bearish mood is the thin kumo cloud ahead.

Forex Trading Strategies (Ichimoku Trading)

It is better to take a conservative approach to establish new short position when price action is near the kijun-sen level with stop loss above the ichimoku cloud hi.

Singapore Forex Ichimoku Trader

Ichimoku Trading Strategies for Forex USDCHF 27-May-2013 #2

Continued from previous forex blog. Price action started to drifted lower since the last blog for USDCHF. Added another position when the price action pulled back to kijun-sen.

Forex Technical Analysis (Ichimoku Charting)

Tenkan-sen, kijun-sen and chikou span are all in the bearish territory. Together with the forward bearish kumo cloud, it provides strong resistance to the price action.

Forex Trading Strategies (Ichimoku Trading)

Kijun-sen or the cloud lo are favorable positions to add on more shorts with stop loss above the cloud hi.

Singapore Forex Ichimoku Trader

Ichimoku Trading Strategies USDJPY 27-May-2013 #1

Established a short position when the price action went into the ichimoku cloud, supported by the tenkan sen cutting below the kijun-sen, and chikou span approaching to cut the kijun-sen (it actually retraced upwards there after). Price action never really went above the ichimoku cloud, it came south, breaking the cloud lo, followed by chikou span cutting below cloud lo. Currently with go profit 400 pips ++.

Technical Analysis (Ichimoku Charting)

The downward move is gaining momentum, all indicators from the ichimoku indicated bear move now. The gap between the tenkan-sen and kijun-sen could signify further expansion of price action forthcoming. The forward bearish cloud has turned south sharply, providing the resistance needed. A thick cloud would be preferred though.

Trading Strategies (Ichimoku Trading)

Aggressive short to establish near the tenkan-sen, with stop loss above cloud. A wide stop, reduce the lot size to manage the risk. Or hold till 14-15 Jun to assess the price activity then.

Singapore Ichimoku Trader

Ichimoku Trading Strategies EURUSD 27-May-2013 #1

Established a long position when price action touched the ichimoku cloud low. Tenkan-sen had cut over kijun-sen, and chikou span had cut over both the tenkan-sen and kijun-sen. The forward ichimoku cloud still bearish then and thick. However, a break above the cloud will signify a good bull run.

Technical Analysis (Ichimoku Charting)

Price action has now pierced through the thick bearish ichimoku cloud, chikou span has also cut above the kumo cloud. The forward bullish cloud remains thin, and support to the price action will be a concern. This has been eased off by price itself cutting through the bearish kumo cloud.

Trading Strategies (Ichimoku Trading)

The kijun-sen seems to be providing support to the price action at 12950 on 2 previous occasions. Aggressive takers may consider long at tenkan-sen level, conservative will look at kijun-sen to establish long. Not likely to consider to go long near the kumo cloud top, as the cloud itself is thin. It may just be the turning point from bull to bear.


Singapore Ichimoku Trader Trading Forex

Ichimoku Trading Strategies USDCHF 27-May-2013 #1

Had established short position when chikou span cut below the kijun-sen. Established another at the cloud lo.

Technical Analysis (Ichimoku Charting)

Tenkan-sen has cut below kijun-sen since 27 May, coincidenty chikou span has also cut below the kijun-sen. Both the tenkan-sen and kijun-sen are in the ichimoku cloud, while chikou span remains above the ichimoku cloud. Price action is now below the ichimoku cloud lo and the forward cloud is turning negative.

Trading Strategies (Ichimoku Trading)

With the price action below the ichimoku cloud lo, it calls for a short, what is lacking is the chikou span cutting below the cloud low. With a chikou span cutting below the ichimoku cloud low, it firms up the negative environment to the price activities. Shorts may start to accumulate positions with stops above the cloud hi.

Singapore Ichimoku Trader

Ichimoku Trading Strategies USDCAD 14 May 2013 #2

Exit all positions in USDCAD. This is a specific closed out, not a technical exit.

Looking to establish new positions for the portfolio again.

Ichimoku Trading Strategies USDCAD 14 May 2013 #1

Established 2 positions in USDCAD since 14 May 2013.

The first position was established when price action was in the ichimoku cloud. The basic principle was tenkan-sen cut above the kijun-sen and chijou span cut above the kijun-sen. These happened when price action was in the ichimoku cloud.

The second position was established when price action retreated to ichimoku cloud top. A question of doubt may arise why not established when price action first penetrated above the ichimoku cloud top? The answer is "yes you may and if you want to" Nevertheless, that shall not stop you to establish new position when price retreated back to the cloud top, regardless if you had previously established any or not, provided all these are done with proper risk and money management.

Technical Analysis (Ichimoku Charting)

The price action is now gaining momentum in the upward direction. All ichimoku components favor a bullish signals to USDCAD. This is further confirmed by the price action passing through a thick bearish ichimoku cloud. The forward bullish ichimoku cloud is forming and relatively thin, indicating of thin support to the price action if any quick reversal will to occur.

Ichimoku Trading Strategies

Looking at where the price is now, better to stay put. Long may established around tenkan-sen or kijun-sen level. Would you want to wait till the ichimoku cloud top? No, as chikou span will cut into the cloud then, and views may change. Stop loss to be below the ichimoku cloud lo. Risk of pips is high, therefore the sizing of the position will have to be reduced to be in proper risk management level.


Singapore Ichimoku Trader

Ichimoku Trading Strategy: EURUSD & GBPUSD

EURUSD

GBPUSD

Both the EURUSD and GBPUSD positions were stopped out. Prices penetrated below the kumo cloud, with chikou span cutting below the kumo cloud too.

Unfruitful past 1.5 months.

Awaiting to hop on again.

Ichimoku Trading Strategy: EURUSD forex trading since 10-Apr-2013 #5

An update from previous ichimoku blog post.

A new high had established since last ichimoku blog post.  However, price action formed a retreat after establishing new high.

Technical Analysis (Ichimoku Charting)

Tenkan-sen cut below kijun sen, and chikou span is now into the kumo cloud. Price action itself is into kumo cloud too. The forward bullish cloud is everything but encouraging due to its thinness.

Trading Strategies (Ichimoku Trading)

Stop loss level below the cloud will provide minimal risk if position on the long is established now. Short players may add on or establish position when price trades below the cloud with stop loss above the cloud. Maintaining my existing positions. Price itself will let you know if you are right or wrong. Manage the risk and let the profit grow when there is.

Singapore Ichimoku Trader Trading Forex

Ichimoku Trading Strategy: EURUSD forex trading since 10-Apr-2013 #4

An update from previous ichimoku blog's post.

Technical Analysis (Ichimoku Charting)

After establishing another position couple of days ago, price action was quite choppy thereafter. It had went into the ichimoku cloud, increasing the chance of a reversal should it trade below the ichimoku cloud. Tenkan-sen, kijun-sen had a cross over signaling the trend change, couple with the chikou span going below both the tenkan-sen and kijun-sen. However, just at the kumo cloud low, price action made another reversal upwards. Similarly, both the tenkan-sen and kijun-sen had a bullish trend cross over. More important, chikou span had also cut above both sen.

Trading Strategies (Ichimoku Trading)

No further elaboration is needed with the fact that both sens are in bullish direction couple with  chikou span above boths sens and above the kumo cloud indicate a bullish view. The concerns ahead are the thin ichimoku cloud and a negative cloud prior to a positive cloud change. Aggressive trade will be to establish position with stop loss below the kumo cloud. Alternatively, a stop in above the recent high.

Singapore Ichimoku Trader

Ichimoku Trading Strategy: GBPUSD forex trading since 25-Mar-2013 #1

Just some trades to share with on GBPUSD.

The first trade was established on 25 March 2013. A conservative approach towards using the ichimoku charting. Both tenkan-sen and kijun sen had cut above the kumo cloud earlier, followed by the chikou span. Await price action pulled back towards kijun-sen, then established first trade.

The second trade was established after the price action reacted north direction after touching the kumo cloud low. Similarly, established near the tenkan-sen level, as price action reacted when tenkan-sen was touched.

Third trade was established more of adding on to the bullish move. Tenkan-sen pulled back to kijun sen, established another trade upon that.

Nevertheless, price action pulled back, touching the kumo cloud lo. Continued to see the price action head north upon touching the kumo cloud lo.

The current pattern is very similar to how second trade was established. May want  to look for opportunity to go long during pull back. At tenkan sen or kijun-sen? The forward cloud is thin, but changing towards a bullish cloud. With stop below the cloud, aggressively will establish when price pull back to tenkan-sen. Conservatively may want to wait till at kijun-sen.

As much as hope is there, prepare for the worse...

Singapore Ichimoku Trader

Ichimoku Trading Strategy: EURUSD forex trading since 10-Apr-2013 #3

Continued update from previous ichimoku blog.

Technical Analysis (Ichimoku Charting)

Tenkan sen has now cut below kijun sen, chikou span has also now cut below the tenkan-sen. The forward kumo cloud is getting thicker. Price action itself also trading below the tenkan-sen and kijun-sen. The bullish trend continues to be in tact as far as the price action is above the kumo cloud. Nevertheless, the various signals could hint a bearish thought in a bullish environment. The thick kumo cloud provide the support required for the bull trend to maintain. A need of stronger bearish sentiment to have a change from bullish trend to bearish trend.

Trading Strategies (Ichimoku Trading)

Current level is appropriate for conservative takers to embark on the bullish trade. Have added another position when the price action retreated significantly a couple of days ago. Maintain bullish view with stop loss below cloud lo. Unless price goes below the cloud, else maintain bullish view.

Singapore Ichimoku trader

Ichimoku Trading Strategy: EURUSD forex trading since 10-Apr-2013 #2

Continued from previous ichimoku blog.

Technical Analysis (Ichimoku Charting)

Price action was quite choppy within a small range, and remained above the ichimoku cloud. Not much changes from tenkan-sen, kijun-sen or chikou span except convergence of tenkan sen and kijun-sen. Forward kumo cloud getting thicker, providing support to the upward trend.

Trading Strategies (Ichimoku Trading)

Established another position during the convergence period. Stop loss below the kumo cloud. With the thick kumo cloud ahead, can look for opportunities to long when price action trades near the tenkan-sen for aggressive taker, or kijun-sen if more conservative.

Singapore Ichimoku Trader

Ichimoku Trading Strategy: AUDUSD forex trading since 14-Mar-2013 #2

An update from previous ichimoku post for AUDUSD.

Long positions were stopped out for AUDUSD as price action touched the kumo cloud lo.

Technical Analysis (Ichimoku Charting)

Tenkan sen has not cut below the Kijun-sen. However, chikou span has already cut below tenkan-sen and kijun-sen 26 periods back. Kumo cloud ahead is getting thinner which can work both way for the bulls and bears. Price action is now near the ichimoku cloud lo.

Trading Strategies (Ichinoku Trading)

The thin kumo cloud provides neither support or resistance to the price action forward. An upward trend cloud suggesting on the bullish. Nevertheless, chikou span gave an indication about the trading activities between now and 26 period back. It can be seen bullishness in the past 26 periods has been diminished by the sharp drop of price action.

Stay out till after 24 Apr.

Aggressive trader may want to look at short with stop over the cloud hi.

Conservative trader may consider going long when price goes above 10450.

Singapore Ichimoku Trader

Ichimoku Trading Strategy: EURUSD forex trading since 10-Apr-2013 #1

As mentioned in previous post, established new position after closing out.

Technical Analysis (Ichimoku Charting)

A typical bull call for ichimoku charting technique, with the confirmation signal from the chikou span cutting above the kumo cloud.

Ichimoku Trading Strategies 

A long established. Conservative entry can wait when price action reach tenkan-sen or kijun-sen with stop below kumo cloud.

Singapore Ichimoku Trader

Ichimoku Trading Strategy: EURUSD forex trading since 09-Feb-2013 #2

A quick update from previous post.

All positions closed out with profit.

Establish new long position with stop - loss at 12800 level.

Singapore Ichimoku Trader

Ichimoku Trading Strategy: EURUSD forex trading since 09-Feb-2013 #1

These positions remain open. Just for sharing purpose.

On 9 Feb, decided to establish an aggressive position in EURUSD by going short while price action above the kumo cloud.

It was based on tenkan sen below kijun sen, chikou span on kijun-sen, and price action below kijun-sen, and entry established near the kumo cloud hi.

On 25 Feb, added another short position in EURUSD.

A typical entry, awaiting the chikou span cutting below the kumo cloud lo, and near the kijun-sen.

Price has been trending lower. The kumo cloud ahead is thin. There might not be resistance in the price action, and trend could be choppy going forward.

Singapore Ichimoku Trader

Ichimoku Trading Strategy: AUDUSD forex trading since 14-Mar-2013 #1

Continued from previous post on the long audusd.

Technical Analysis (Ichimoku Charting)

Tenkan-sen, kijun-sen and chikou span showing respective bullish positions. Price action however has traded below the kijun-sen. Nevertheless, the ichimoku cloud has formed up and relatively thick, providing support to the current bullish trend.

Trading Strategies (Ichimoku Trading)

Long players may choose to enter position for long, with stops below the kumo cloud.

Short position is not recommended, unless for fundamental reasoning.

Singapore Ichimoku Trader

Status Update

March had been a busy month for me. I was moving house, getting new furniture and necessaries.

Setting up my new work station with win8. Everything ready for TOS and Oanda.

Will be another busy month for me in April as I prepared for a certification examination.

Will blog when time allows.

Ichimoku Trading Strategy: AUDUSD forex trading since 24-Jan-2013 #7

An update from previous ichimoku audusd blog. Shortly after that blog, position was stopped out. A re-emtry was made that night when returned from work. Good profit, though could be better, from the audusd trades.

Now having long position. Depending how the price action turns out, and how the ichimoku charting presents  itself, to trade accordingly.

Singapore Ichimoku Trader 

Ichimoku Trading Strategy: AUDUSD forex trading since 24-Jan-2013 #6

It has been quite some time since I last posted. I was busy relocating to my new home.

Continue from the last ichimoku audusd post.

I have squared off another position with some profit as can be seen on the up blue triangle. Current left with one open position, with stop loss at the red line level.

Technical Analysis (Ichimoku Charting)

Tenkan-sen is above the kijun-sen, and chikou span as cut above both the tenkan-sen and kijun-sen. And all remain below the ichimoku cloud. Price action itself has already cut above the ichimoku cloud though. The forward ichimoku cloud is thin, while it can provide support to the price action activities ahead. After such a quick strong trend dowards, a chikou span above the ichimoku cloud would be a more convincing trend change.

Trading Strategies (Ichimoku Trading)

Aggressive traders may choose to go long with stop loss below the ichimoku cloud. Similarly, for those with a view to go short, may consider to go short now, with stop loss near the red line level or a money stop loss

Else, for long traders, look out for chikou span cutting above the ichimoku cloud. For short traders, await for price action to go below the ichimoku cloud again.


Singapore Ichimoku Trader