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