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.