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