Thursday, October 17, 2013

Ichimoku Trading Strategies NZDUSD 04 Sep- 2013 #4























An update to the existing positions.

Patience is one virtue one needs in trading. The very first position started in 04 Sep , 2 more positions were added on 24 Sep and 11 Oct. To just sit and wait for the price action reveals by itself maybe something easier to say than do.

The green line is the take profit level.

Of course, another school of thoughts will be to let profit run, just place a stop loss below the cloud lo, we never know how far it will go. That is not wrong. It's just different.

Ichimoku Trading Strategies NZDUSD 04 Sep- 2013 #3


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