Tuesday, February 26, 2013

Ichimoku Trading Strategy: USDJPY forex trading since 09-Jan-2013 #2
























Update from previous post. All long positions stopped out with minimal profit.

Technical Analysis (Ichimoku Charting)

Price action had went below the ichimoku cloud lo, but bounced back into the kumo region. Tenkan-sen inline with kijun-sen, and chikou span had cut below the kijun-sen. None of the lines is below the ichimoku cloud. The forward cloud is beginning to show signs of change, awaiting further confirmation from the kumo cloud itself.

Ichimoku Trading Strategies

A change in trend will only be considered when chikou span cut below the ichimoku cloud. If not, still favour a long when should the price action emerge out from the ichimoku cloud hi.

Aggressive taker can choose to go long or short now while price is in the kumo region, with stop loss at the other end of the cloud.

Singapore Ichimoku Trader


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