Ichimoku Trading Strategy: AUDUSD forex trading since 24-Jan-2013 #1

Established a short position in AUDUSD few periods ago when it traded below the ichimoku cloud. Price action since then has been drifted downwards.

Technical Analysis (Ichimoku Kinko Hyo)

Tenkan sen is just below the kijun sen, both heading southward going to break the ichimoku cloud lo. Chikou span had cut below the ichimoku cloud lo for quite some periods. The forward cloud is thick and turning bearish.

Trading Strategy (Ichimoku Trading)

Depending how the price action in the next few periods, these is not much trading opportunity. Any increase interest in the audusd activities will probably see saw the price action. Watch out.

Ichimoku Trading Strategy: USDCAD forex trading since 18-Jan-2013 #2

An update from the previous post on the USDCAD forex position. Since establishing the position, the price action consolidated for a couple of periods before exploding up north breaking the 1.0000 level.

Technical Analysis (Ichimoku Kinko Hyo)

Every components within the ichimoku chart is very bullish. The ichimoku cloud has also raised the support level in the periods to come.

Trading Strategy (Ichimoku trading)

If position already established, stay put. If not in position, nearest support level to establish new long position will be at 1.000 level as of now. Depending how the price action in the coming periods, the likelihood of a consolidation for the price activities is high.

Singapore Stocks - Ichimoku Analysis Week 4

We are revisiting 2 of the Singapore stocks, Noble Group and Hyflux which we have covered previously.

1. Noble Group

It was previously mentioned the previous level 1.24 provided good opportunity to long, with stop loss below 1.11. And to look for activities if price traded above 1.27.

Technical Analysis (Ichimoku KinKo Hyo)

Price action remains above the kumo cloud channeling between 1.21 to 1.25 but below the tenken sen now. Chikou span is about to break above the cloud hi, providing bullishness to the overall price activities. The ichimoku cloud ahead is providing support to the price action for it to stay above the kumo cloud.

Trading Strategy (Ichimoku Trading)

Continue to maintain long. If price action goes to 1.24 and gains momentum, it is not difficult to see it break 1.27. Stop loss level can be raised to 1.14.

2. Hyflux 



























It was a roller coaster ride for Hyflux. Price action went down to 1.29 from 1.35 after our post on Hyflux. However, it never went below 1.27 (Just yet)

Technical Analysis (Ichimoku KinKo Hyo)

Price action went up to 1.38 after establishing low at 1.29, it is now 1.375, the level mentioned in the previous post to look out for.

Tenkan-sen remains above kijun-sen and emerges out from the ichimoku cloud. More significant, chikou span has also cut above the ichimoku cloud. The forward cloud has changed from bearish to bullish, but support remains thin.

Trading Strategy (Ichimoku Trading)

Continue to maintain long and stop loss remain at 1.27, with adjust to 1.29 later.

GBPJPY Ichimoku Trading since 23-Jan-2013 #2

Continued from the earlier post, it was another choppy session for the GBPJPY. The price action downwards was short lived. The position was stop out.

Technical Analysis (Ichimoku Kinko Hyo)

Tenkan-sen is in the process of going over kijun-sen, with both lines taking the action in the kumo cloud.. Chikou span is bullish by mean of cutting tenkan-sen and kijun-sen. More important, breaking new 26 periods high. The kumo forward is not relatively thin or thinck. However, it does show the short term trend is edging upwards.

Trading Strategy (Ichimoku Charting)

While price itself is bullish, it remains to be seen. With tenkan-sen and kijun-sen in the cloud, it may pull back the pricing action to a more equilibrium state.

If long bias, establish long only near the cloud hi., else find other market.

GBPJPY Ichimoku Trading since 23-Jan-2013 #1

GBPJPY has had a good run for the past few months. Price action finally went below the ichimoku cloud lo.

Technical Analysis (Ichimoku Kinko Hyo)

Tenkan sen is now below kijun-sen, both are in the kumo cloud range. Chikou span had cut below the kijun sen, and penetrated below cloud hi into the kumo. There is still some distant not far away from the cloud lo.
The forward cloud also demonstrated a change, the short term senkou span A is cutting below the long term senkou span B. More important, price action already below cloud lo.

Trading Strategy (Ichimoku Charting)

A very good opportunity to start establish short position with stop loss above the cloud hi. The best ideal case is for the price action falling below 139.35 within the next 5-7 days.

ICHIMOKU CLOUD TRADING

The most unique feature about Ichimoku Kinko Hyo is its cloud or “kumo” in its charting.

The Cloud or Kumo

The chart below shows the price candle and cloud only ichimoku charting without the other 3 lines (Tenkan-sen, Kijun-sen & Chikou Span).

In its most simple form, the cloud provides an indicative support and resistance levels which can be labeled as cloud hi and cloud lo.

When price action is below the cloud, cloud lo becomes the first level of resistance, cloud hi become the second level of resistance.

Similarly, when price action is above the cloud, cloud hi becomes the first level of support; cloud lo becomes the second level of support.

From the Chart itself, it is within one glance a trader can identify the trend of the current price action and the support levels of the price action from the cloud hi and cloud lo.

Two Simple Ichimoku Trading Strategies

Understanding this concept about the cloud in the ichmoku charting, two simple trading strategies can be developed.

When price action moves from above the cloud to below cloud lo, it gives a sell signal. Stop loss can be placed at or above cloud hi.

When price action moves from below the cloud to above cloud hi, it gives a buy signal. Stop loss can be placed at or below the cloud lo.

These two ichimoku trading strategies can be enhanced further by each individual trader’s preference.

For the purpose of this literature, the Buy and Sell signals have been enhanced; buy end of day only when a full period is above the cloud, sell end of day only when a full period is below the cloud.

The ichimoku cloud trading is to let the position stay with the trend for as long as it could once it is established.

Singapore Stocks - Ichimoku Analysis

1. EuYanSeng

Technical Analysis (Ichimoku Chart)

Tenkan-sen has crossed over the Kijun-sen a couple of days ago. Both lines are in the middle of the ichimoku cloud.

Chikou Span has also cut above both the tenkan-sen and kijun-sen, it remains below the ichimoku cloud hi. Chikou span attempted to cut above the ichimoku cloud hi in the past few day, and not succeeded. It is now below the ichomoku cloud low.

Ichimoku cloud itself is thick, and should provide good support and resistance depending where the price action will be.

Price action has traded briefly above the cloud hi. It is now in the cloud region..

Trading Strategy (Ichimoku Trading)

Depending how the price action unveils itself, a strong buy will be around 0.620-0.630 region. If price maintains to hold in the current level (0.600 - 0.6100), can look for a buy when price trades above 0.615. Stop loss level will be 0.580.

For short level, will be around 0.58- with 0.610 for stop loss.

Both long/short will risk around 8%.



2.0 Broadway Industrial Group

Technical Analysis (Ichimoku Chart)

This stock has the required ichimoku indicators to go for a long.

Trading Strategy (Ichimoku Trading)

Conservative trading will look to establish long position around 0.32 level if there is any chance to do so with stop loss below 0.290 level.

Aggressive trading will look to establish long position around 0.35 level with stop loss below 0.290 level.

USDCAD Ichimoku Trading since 18-Jan-2013 #1

It has been quite some time since the last post. Forex movement had been quite choppy in the past few days. 

Had been on the look out and spotted an opportunity in the USDCAD.

Technical Analysis (Ichimoku Kinko Hyo)

Price action had been choppy for the last few period while below the ichimoku clouds. Tenkan-sen cut above the kijun in the last few periods while below the ichimoku clouds. Price action had accelerated upwards in the last 2 periods, and penetrated above the ichimoku clouds. More important, chikou span cut above both the tenkan-sen and kijun-sen, and the cloud bottom (chikou span A). The forward ichimoku cloud is thick, good support if price action retraces back.

Trading Strategy (Ichimoku Chart)

Had established a long position with stop loss below the lowest ichimoku clouds level @ 0.9840. May want to consider adding more position if price action falls back to 0.9895 level. Will see how price action reveals itself. Shorts not recommended.

EURUSD Ichimoku Trading since 03-Jan-2013 #4

Not the best way to start off the new year.

This is continued from previous post.

All positions stopped out.

Technical Analysis (Ichimoku Charting)

Tenkan sen is above the kijun sen and diverging away. Chikou span is above the kumo cloud. Forward cloud is moving upwards but remains relatively thin.

Trading Strategy (Ichimoku Trading)

The move upward  by the price action was rapid. If consider going long, would probably start establish position when tenkan-sen converge towards kijun-sen.

Singapore Stocks-Ichimoku Analysis

1. Noble Group

Update from post last week for Noble Group, price action is now between 1.23-1.25 and cloud hi at 1.21.

Technical Analysis (Ichimoku Charting)

While tenkan-sen is above kijun-sen, both are in the kumo range. Chikou span remains below the cloud lo, and forward cloud remains thick until further forward (After 11 Feb)

Trading Strategy (Ichimoku Strategy)

Current level remains good opportunities to establish long, with stop loss below 1.11. Look out for activities if price trades above 1.27.

2. Olam International

Unfortunately, price action never trades above 1.73, not to mention 1.78 as per last week post.

Technical Analysis (Ichimoku Charting)

While Tenkan-sen is above Kijun-sen, both are below the kumo cloud. Chikou span has just cut above the Kijun-sen, forward cloud remains thick, which means strong resistance to the price action looking to break 1.73.

Trading Strategy (Ichimoku Strategy)

If on CFD, may look to short with stop loss above 1.73. 

3. Hyflux

Just another Singapore Stock, Hyflux.

Technical Analysis (Ichimoku Charting)

Tenkan sen above the kijun sen, both in the kumo cloud. Chikou span already cut above the tenkan-sen and kijun-sen. Forward cloud is thick providing some support to the price action. Price action about the break cloud hi.

Trading Strategy (Ichimoku Strategy)

Can consider to start establish long at current level, with stop loss at 1.27. Price level to look at is 1.375 and above.

EURUSD Ichimoku Trading since 03-Jan-2013 #3

Continued from previous post.

Price action has been giving a wild swing. It is now above 13200 level. Positions have been established around 13090, 13050, 13200 & 13215 with stop loss @ 13250. Again, may be stopped out soon.

Technical Analysis (Ichimoku)

Tenkan-sen is converging towards kijun-sen, but yet to cut over. And both tenkan-sen and kijun sen are below the kumo cloud. However, chikou span has already cut the kumo cloud hi, but yet to cut tenkan-sen and kijun-sen. Price action itself is above the kijun-sen and below the kumo cloud.

Strategy (Ichimoku)

As with the very first post, opportunities arise below 13050 and above 13100-13200 where the thin kumo cloud is, which provided low resistance and support to the price action. It is happening now. With price action below the thin kumo cloud, it is still a bear trend. Sellers can add short with very limited risk just above the cloud hi. Buyers may want to hold till the confirmation of the price action above the cloud hi. Do take note of the forward cloud support level at 13150.

Singapore Stocks (Noble Group & Olam) Ichimoku Analysis

This blog has been blogging on ichimku charting to forex. As part of the new year resolution, I have decided to blog on Singapore stocks using ichimoku charting, probably on a weekly basis.

Unlike the forex trading which I have been blogging, blog on Singapore Stocks is solely my interest to blog on ichimoku charting to Singapore Stocks.

As a start, 2 stocks are selected, Noble Group and Olam International.

1. Noble Group Charting below:

The price action activity has been volatile for the past few months. From a low of 1.02 to a high of 1.38 and to where it is now, 1.205.

Technical Analysis (Ichimoku)

Tenkan-sen has cut above the Kijun-sen, and Chikou span is about to cut above Kijun-sen. Price action has also penetrated the lo of the kumo cloud, and looking to pierce through the kumo cloud hi. The kumo cloud is thick ahead, providing good support if price action is above the kumo cloud. However, chikou span still have a distant to go before going above the kumo cloud.

Strategy (Ichimoku)

With the thick kumo cloud ahead and price action activity around the cloud hi, it provides opportunity to start establishing long position at the current level. Watch out the price activity ahead, with stop loss below 1.11. Depending how the price action ahead, level to watch is dependent when the chikou span cut above the kumo cloud.


2. Olam International Charting below:

This is a stock which has gained attention for the past few weeks due to Muddy Waters's Report. Do a search on google and you can find out why the sharp fall.

Technical Analysis (Ichimoku)

Tenkan-sen has cut over the Kijun-sen below the kumo cloud, and chikou span is above the cut above tenkan-sen. Price action itself is above Tenkan-sen and about to go above the cloud lo.

Strategy (Ichimoku)

It takes a very strong move to have a change in trend, as chikou span is at a distant away from the cloud hi. It can see the fight between the bears and bulls. Sellers may that take the view to add more positions at the current level, speculative buyers at the low may also choose to exit. Will probably need some forms of catalyst to have the trend change. Should the price trade up to 1.73-1.78 range in the new few days/weeks, this stock will probably worth to take a note.

EURUSD Ichimoku Trading since 03-Jan-2013 #2

As mentioned on previous post, opportunities arise when below 13050. Price action accelerated downwards after the position established the day before. However, there was pulled back earlier during the US session. Established another short position.

Technical Analysis (Ichimoku)

Tenkan-sen and kijun-sen remained intact and on its way penetrating through the kumo cloud lo. Chikou span had cut through the cloud lo, but reversing back into the cloud region. Price action is now clearly below the kumo cloud lo. The Kumo ahead remains thin.

Strategy (Ichimoku)

Continue to remain cautious with the thin kumo cloud ahead. Very much is dependent on the price action activity at the thin cloud region. Any increase in position will be done gradually if there is any pull back in price action to near the kumo cloud lo.

EURUSD Ichimoku Trading since 03-Jan-2013 #1

The first trade of the year 2013!

Price action has been moving uptrend since the cross over the kumo cloud. Consolidation was formed since mid December 2012, before the break off yesterday (Probably due to the intermediate resolution to the fiscal cliff).

Technical (Ichimoku)

Tenkan-sen and kijun-sen converged and pointed downwards into the kumo cloud. Chikou span had already cut below the kijun-sen, but remains above the kumo cloud. The forward kumo cloud is getting thinner, resistance may not be strong. Price itself had penetrated into the cloud but yet form a period below the cloud lo.

Strategy (Ichimoku)

With no existing position, established a small short position just at cloud lo. Depending how the price reveals itself in the next few periods, opportunities arise between 13100-13200 or when below 13050. Stop loss level above cloud hi.

EURUSD Ichimoku Strategy since 21-Nov-2012 #7

A very happy new year. Came back from holidays yesterday night.

As per previous post, placed a stop loss below the kijun-sen. Stop loss triggered earlier today. The only difference was the stop loss level was in the mid of the kumo cloud.

As with the new year, wish every traders another prosperous year.