Thursday, August 8, 2013

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.

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