USDJPY long term Ichimoku Best Forex Trading Strategy 09-Oct-2014 #02

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TRADE

Date: 09-Oct-2014

Entry: Sell Market 107.55; Sell Market 106.89

Reason for Trade/Setup: 

The main reason for the trade set up was price action itself was below the kumo cloud. Did not choose to wait for the chikou span to go below the kumo low.

Initial Stop: 109.50, Shifted to 109.00., Shifted to 108.50

Initial Target: 101.55

INTERMEDIATE COMMENT

Add on another position, with price action remaining below the kumo cloud but above both tenkan-sen and kijun-sen.

RESULT

Outcome: Price action traded upward.

Exit: Exit with loss at 108.50

Profit/Loss: -95 pips -161 pips

THOUGHTS

Price action turns bullish after stopping out, especially the chikou span crossing over the kumo cloud.

GBPUSD long term Ichimoku Best Forex Trading Strategy 30-Sep-2014 #03

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TRADE

Date: 30-Sep-2014

Entry: Sell Market 1.6217

Reason for Trade/Setup: 

Tenkan-sen had crossed over kijun-sen, and below the kumo cloud. However, kijun-sen was in the cloud, and chikou span went into the kumo barely after it crossed below. Price action was below and the forward cloud was bearish. Took a position to short when price action near the tenkan-sen.

Initial Stop: 1.6450, Shifted to 1.6200

Initial Target: 1.5528

INTERMEDIATE COMMENT

Price continues to maintain below the ichimoku cloud. Remain cautious the way forward. While the forward cloud remains thick providing the resistance to the price action, the risk remains high looking at the movement of the price action. Stop loss is adjusted to 1.6200.

RESULT

Outcome: Price activity began to trade upwards after hitting a low around 1.5875 level. Stop loss level shifted lower to 1.6100, Was stopped out subsequently.

Exit: @ 1.6100

Profit/Loss: + 117 pips

THOUGHTS

N.A

EURUSD Intra-day Ichimoku Best Short Term Forex Trading Strategy 24-Oct-2014

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TRADE

Date: 24-Oct-2014

Entry: Buy Stop 1.2667 

Reason for Trade/Setup: 

Price action was trading in range, above and below the cloud prior 2000h. At the time of order, price action was above the kumo cloud. Chikou span had also crossed above the ichimoku cloud. Placed a buy stop above the nearest high, with stop loss below the cloud.

Initial Stop: 1.2645

Initial Target: 1.2735

INTERMEDIATE COMMENT

NA

RESULT

Outcome: Price moved upward but retraced back to entry level.

Exit: @ 1.2667 (Time to Sleep)

Profit/Loss: +0 pip

THOUGHTS

NA.

EURUSD Intra-day Ichimoku Best Short Term Forex Trading Strategy 22-Oct-2014

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TRADE

Date: 22-Oct-2014

Entry: Sell Stop 1.26850 

Reason for Trade/Setup: 

Ichimoku charting was showing bearish and a short signal. Placed a sell top below recent low at 12685.

Initial Stop: 1.27250

Initial Target: 1.25650

INTERMEDIATE COMMENT

1.2650 may be a good level to exit, but we never know.

RESULT

Outcome: Price action moved slowly downward.

Exit: @ 1.2661 (Time to Sleep)

Profit/Loss: +24 pips

THOUGHTS

NA.

USDJPY long term Ichimoku Best Forex Trading Strategy 09-Oct-2014 #01

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TRADE

Date: 09-Oct-2014

Entry: Sell Market 107.55; Sell Market 106.89

Reason for Trade/Setup: 

The main reason for the trade set up was price action itself was below the kumo cloud. Did not choose to wait for the chikou span to go below the kumo low.

Initial Stop: 109.50, Shifted to 109.00

Initial Target: 101.55

INTERMEDIATE COMMENT

Add on another position, with price action remaining below the kumo cloud but above both tenkan-sen and kijun-sen.

RESULT

Outcome: TBC.

Exit: TBC

Profit/Loss: TBC

THOUGHTS

N.A

EURUSD Intra-day Ichimoku Best Short Term Forex Trading Strategy 15-Oct-2014

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TRADE

Date: 15-Oct-2014

Entry: Buy Market 1.2668, 

Reason for Trade/Setup: 

All ichimoku indicators showed a buy signal, from tenkan sen and kijun-sen above the cloud, and chikou span also above the cloud.

Initial Stop: 1.2630

Initial Target: 1.2790

INTERMEDIATE COMMENT

N.A

RESULT

Outcome: Price action moved upward sharply. Hitting the target level around an hour time.

Exit: Target hit @ 1.2790

Profit/Loss: +122 pips

THOUGHTS

The price action upwards was assisted by the news. On hindsight, could have set a higher target.

GBPUSD long term Ichimoku Best Forex Trading Strategy 30-Sep-2014 #02

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TRADE

Date: 30-Sep-2014

Entry: Sell Market 1.6217

Reason for Trade/Setup: 

Tenkan-sen had crossed over kijun-sen, and below the kumo cloud. However, kijun-sen was in the cloud, and chikou span went into the kumo barely after it crossed below. Price action was below and the forward cloud was bearish. Took a position to short when price action near the tenkan-sen.

Initial Stop: 1.6450, Shifted to 1.6200

Initial Target: 1.5528

INTERMEDIATE COMMENT

Price continues to maintain below the ichimoku cloud. Remain cautious the way forward. While the forward cloud remains thick providing the resistance to the price action, the risk remains high looking at the movement of the price action. Stop loss is adjusted to 1.6200.

RESULT

Outcome: TBC.

Exit: TBC

Profit/Loss: TBC

THOUGHTS

N.A

EURUSD Intra-day Ichimoku Best Short Term Forex Trading Strategy 08-Oct-2014

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TRADE

Date: 08-Oct-2014

Entry: Buy Stop 1.2675, 

Reason for Trade/Setup: 

Price action re-emerged out from the kumo cloud, supported by chikou span re-emerged out from kumo cloud, placed a buy stop above the high of the previous period.

Initial Stop: 1.2630

Initial Target: 1.2810

INTERMEDIATE COMMENT

N.A

RESULT

Outcome: Price action was in range. Exit for the night.. 

Exit: Closed out market @ 1.2680

Profit/Loss: +5 pips

THOUGHTS

N.A

GBPUSD long term Ichimoku Best Forex Trading Strategy 30-Sep-2014 #01

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TRADE

Date: 30-Sep-2014

Entry: Sell Market 1.6217

Reason for Trade/Setup: 

Tenkan-sen had crossed over kijun-sen, and below the kumo cloud. However, kijun-sen was in the cloud, and chikou span went into the kumo barely after it crossed below. Price action was below and the forward cloud was bearish. Took a position to short when price action near the tenkan-sen.

Initial Stop: 1.6450

Initial Target: 1.5528

INTERMEDIATE COMMENT

Price goes down. However, taking a long term position can be challenging. Profit could be wipe off when the market has a quick U-turn.

RESULT

Outcome: TBC.

Exit: TBC

Profit/Loss: TBC

THOUGHTS

N.A

USDCZK Short term Ichimoku Best Forex Trading Strategy 23 Sep-2014- #01

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TRADE

Date: 23-Sep-2014

Entry: Buy Market 21.3505 

Reason for Trade/Setup: 

Buy near the ichimoku cloud high level with stop loss below the ichimoku cloud low. General trend was upwards. Supporting elements included tenkan-sen above kijun-sen and above the kumo cloud high, chikou span also above the kumo cloud high. Kijun-sen was within the cloud and price action was between tenkan-sen and kijun-sen.

Initial Stop: 21.2000

Initial Target: 21.8000

INTERMEDIATE COMMENT

N.A

RESULT

Outcome: Price action continued its move upward, with support along tenkan-sen along the way.

Exit: Exit @ 21.8000

Profit/Loss: +4495 pips

THOUGHTS

N.A

USDTWD long term Ichimoku Best Forex Trading Strategy 11-Sep-2014- #01

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TRADE

Date: 11-Sep-2014

Entry: Buy Market 30.0127 

Reason for Trade/Setup: 

Tenkan-sen had crossed over kijun-sen, and both above the kumo cloud. The forward cloud was bullish but thin, and chikou span had yet crossed above the kumo cloud. Price action itself was above the tenkan-sen. The decision was to buy with stop loss below the ichimoku cloud.

Initial Stop: 29.8500

Initial Target: 30.5000

INTERMEDIATE COMMENT

N.A

RESULT

Outcome: Price action continued its move upward, with support reflected along kijun-sen.

Exit: Exit @ 30.5000

Profit/Loss: +4873 pips

THOUGHTS

N.A

EURUSD Intra-day Ichimoku Best Short Term Forex Trading Strategy 26-Sep-2014

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TRADE

Date: 26-Sep-2014

Entry: Sell Stop 1.2720, 

Reason for Trade/Setup: 

A very typical trade set up based on ichimoku indicators. All indicators showed a favorable sell set up. Tenkan-sen below kijun-sen, both below the kumo cloud, supported by the chikou span which was also below the kumo cloud. Forward cloud is thin, a concern, not a worry. Importantly was the price action below the tenkan-sen. Placed a sell stop below the recent low.

Initial Stop: 1.2760

Initial Target: 1.2600

INTERMEDIATE COMMENT

N.A

RESULT

Outcome: Price action came lower. Exit for the night.. 

Exit: Closed out market @ 1.2687

Profit/Loss: +33 pips

THOUGHTS

N.A

NZDJPY long term Ichimoku Best Forex Trading Strategy 04-Sep-2014- #02

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TRADE

Date: 04-Sep-2014

Currency: NZDJPY

Entry: Buy Market 87.49

Reason for Trade/Setup: 

A very typical bullish view from ichimoku chart indicators, with tenkan-sen above kijun-sen, and both above the ichimoku cloud. Chikou span had also crossed over the kumo cloud and the forward cloud remained bullish. A Buy Market with stop loss below the ichimoku cloud. 

Initial Stop: 86.60

Stop loss shifted to 87.20

Initial Target: 90.25

INTERMEDIATE COMMENT

NA

RESULT

Outcome: The reversal was sharp. Price action turned lower, with tenkan sen cutting below kijun sen. The next period was a sharp down, going below the kumo cloud.

Exit: Stop out.

Profit/Loss: -29 pips

EURUSD Intra-day Ichimoku Best Short Term Forex Trading Strategy 24-Sep-2014

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TRADE

Date: 24-Sep-2014

Entry: Sell Market 1.2825, 

Reason for Trade/Setup: 

Tenkan-sen and kijun-sen both crossed below the ichimoku cloud and chikou span below the most recent lows, and below the kumo cloud. Forward cloud is thin though.

Entered with market sell as price action getting lower.

Initial Stop: 1.2860

Initial Target: 1.2720

INTERMEDIATE COMMENT

N.A

RESULT

Outcome: Price action came lower. Exit for the night.. 

Exit: Closed out market @ 1.2782

Profit/Loss: +43 pips

THOUGHTS

N.A

EURUSD Intra-day Ichimoku Best Short Term Forex Trading Strategy 22-Sep-2014

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TRADE

Date: 22-Sep-2014

Entry: Sell Stop 1.2835, 

Reason for Trade/Setup: 

The price action had crossed below the ichomoku cloud earlier, however, chikou span had not. When the price action moved back to the cloud, placed a sell stop below the recent low. Chikou span was just above to crossed below the kumo cloud. Could have waited awhile more but decided to take a bit of risk for the early entry

Initial Stop: 1.2865

Initial Target: 1.2745

INTERMEDIATE COMMENT

N.A

RESULT

Outcome: Price action came lower. However, market was not moving a lot. Decided to exit for the night.. 

Exit: Closed out market.

Profit/Loss: +6 pips

THOUGHTS

N.A

NZDJPY long term Ichimoku Best Forex Trading Strategy 04-Sep-2014- #01

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TRADE

Date: 04-Sep-2014

Currency: NZDJPY

Entry: Buy Market 87.49

Reason for Trade/Setup: 

A very typical bullish view from ichimoku chart indicators, with tenkan-sen above kijun-sen, and both above the ichimoku cloud. Chikou span had also crossed over the kumo cloud and the forward cloud remained bullish. A Buy Market with stop loss below the ichimoku cloud. 

Initial Stop: 86.60

Initial Target: 90.25

INTERMEDIATE COMMENT

Price activity has moved higher, continued to see bullish cloud ahead. Stop loss level adjusted to a higher level.

RESULT

Outcome: NA

Exit: NA.

Profit/Loss: NA

EURUSD Intra-day Ichimoku Best Forex Trading Strategy 12-Sep-2014

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TRADE

Date: 12-Sep-2014

Entry: Buy Stop 1.2937, Buy Stop 1.2940

Reason for Trade/Setup: 

The ichimoku chart indicators were favorable to a buy set up, mainly tenkan-sen above kijun-sen, and tenkan already crossed over the ichimoku cloud. Chikou span had also crossed above the ichimoku cloud. While the forward cloud signaled bullish, it was rather thin, which may bring concern to the support to the price activity ahead.

The first buy stop was based on the current period high, whereas the second buy stop based on the recent high.

Initial Stop: 1.2915, 1.2915

Initial Target: 1.3003, 1.3015

RESULT

Outcome: Choppy. Price action went up and shot down the next 2 periods. Position was stopped out. 

Exit: Stop out.

Profit/Loss: -22, -25

THOUGHTS

There were high impact news @ 2030h and 2200h. However, it was not the plan to trade news. The price itself already reflected what it is or it was.

Perhaps when the forward cloud is thin, it may be wise to adjust the total risk for the trade(s) to be taken.

I am also aware that the price action now as I am writing this blog is now approaching 1.3000.

There will always be such days around.

EURUSD Intra-day Ichimoku Best Forex Trading Strategy 11-Sep-2014

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TRADE

Date: 11-Sep-2014

Entry: Buy Market 1.2920, Buy Stop 1.2935

Reason for Trade/Setup: 

The first trade was a buy market. It was taken because all the ichimoku chart indicators point to buy/bullish. Tenkan-sen above kijun-sen, both above the ichimoku cloud. Chikou span also crossed above the ichimoku cloud again after drifting into the cloud earlier.The forward cloud was also reflecting bullishness. Price itself also above the Tenkan sen, and reflecting new high in the recent moves.

The second trade was of similar ichimoku trade set up, addition to it was the reference of the most recent high as an entry level.

Initial Stop: 1.2900, 1.2905

Initial Target: 1.3020, 1.3025

RESULT

Outcome: Choppy. There was not much movement for the night. 

Exit: Time to sleep.

Profit/Loss: +21 +6

EURUSD Intra-day Ichimoku Best Forex Trading Strategy 10-Sep-2014

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TRADE

Date: 10-Sep-2014

Entry: Sell Market 1.2925

Reason for Trade/Setup: The main 2 contributing factors for the sell were Tenkan-sen crossed below kijun-sen (though above the kumo cloud), and price action crossed over below the kumo cloud. The chikou span was still in the kumo cloud region, idea would be it went below the cloud.

Initial Stop: 1.2965

Initial Target: 1.2805

RESULT

Outcome: There was a sharp reversal in price action, it did not really cross over the kumo cloud though. Price action traded to kijun-sen level before drifted lower.

Exit: Time to sleep.

Profit/Loss: +15 pips

EURUSD Intra-day Ichimoku Best Forex Trading Strategy 05-Sep-2014

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TRADE

Date: 05-Sep-2014

Entry: Sell Market 1.2977

Reason for Trade/Setup: Ichimoku Charting showing bullish view from all ichimoku indicators, tenkan sen cross over kijun-sen and above kumo cloud, chikou span cut above the kumo cloud again, and higher than previous high, with forward kumo cloud being bullish and thick, providing the support required.

Initial Stop: 1.2960

Initial Target: 1.3028

RESULT

Outcome: Price action went up higher for a short while, turned south there after. It crossed below the kumo cloud.

Exit: Stopped out.

Profit/Loss: -17 pips

THOUGHTS

15 min chart is still preferred. Based on 15 min chart, there will be no trade. 1 min chart can be volatile, when there is no specific trend for that trading period.

EURUSD Intra-day Ichimoku Best Forex Trading Strategy 04-Sep-2014

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TRADE

Date: 04-Sep-2014

Entry: Sell Stop 1.3005

Reason for Trade/Setup: (There was a big sell down prior 2000hr. It should due to news.) Switched to 1 min chart for set up as the 15 min chart will not be able to reflect trade set up due to the large sell down prior 2000hr.  Based on ichimoku charting and the overall price action for EURUSD, it was bearish. At the time of the order, price action was drifting lower and below the ichimoku cloud. Chikou span had crossed below the cloud too. Placed a sell stop below the recent low taken at 2109hr (1.3009 level).

Initial Stop: 1.3035

Initial Target: 1.2915

RESULT

Outcome: Price action drifted lower, in a very gradual manner.  Till Tenkan-sen crossed above kijun-sen for a short while before crossing below kijun-sen again.

Exit: Time to sleep.

Profit/Loss: + 59 pips

USDJPY Intra-day Ichimoku Best Forex Trading Strategy 03-Sep-2014

TRADE

Date: 03-Sep-2014

Entry: Sell Stop 104.95

Reason for Trade/Setup: Based on ichimoku charting, the overall price action for the USDJPY was bearish. The only bullish signal was Tenkan-sen above Kijun-Sen. Placed a sell stop below recent low at 104.95.

Initial Stop: 105.15

Initial Target: 104.35

RESULT

Exit: Time to sleep.

Outcome: Price action drifted lower, in a very slow manner. Tenkan-sen cut below kijun-sen later on.

Profit/Loss: +6.5 pips

Sick Man

I am sick, since Sunday, down with a soar throat and cough.

EURUSD Intra-day Ichimoku Best Forex Trading Strategy 20-Aug-2014

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Another winning ichimoku strategy for forex trading!!!

This forex blog post came late.

Let's do a quick review on the forex trade based on the ichimoku charting above.

As usual, tenkan-sen below kijun-sen, together with chikou span, all were below the ichimoku cloud low.

Placed a stop in sell order and was triggered at 1. I had also placed another stop in order as shown at 2. That order was cancelled later as I was going to sleep.

Looking at the price action, we could see that the price level that I sold was really new the low for the night. And there was chances that the price may look to go into the ichimoku cloud. It didn't.

On Ichimoku charting, tenkan-sen did cross over the kijun sen. However, just one signal from the ichimoku charting is not significant enough to conclude as a trend change. Chikou span span had not crossed kijun-sen. And more important, none crossed over the ichimoku cloud.

I left the position opened as I already knew there would be news later on. News worked both way, in your favor or against your position. The important thing is that stop loss had been placed above the cloud high. So the risk had been managed.

Woke up this morning, saw the position making money, closed out as shown at 3.

Ichimoku forex strategy is one of the simple trading strategies.

EURUSD Intra-day Ichimoku Best Forex Trading Strategy 19-Aug-2014

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Another Ichimoku Winning Trade for Forex!

Hope that you had read the forex blog the day before, cause the set up was rather similar for today's trade.

I had done a market sell @ around 1515hr. The basic principle, to sell below the cloud low. Of course, the overall ichimoku charting had reflected bearish for prolong period, with tenkan-sen below kijun-sen, and chikou span below the kumo cloud. The trade was done during office hours using mobile phone.

I placed another stop in trade at around or just before 2030h. There were news to be released at 2030h. Same trade set up the day before, placed stop in level below tenkan-sen. And there it went, price smacked down and the trade got triggered.

I had placed to close partial position at 13295 level, and target level with 3: 1 ration. Again, what we want is one thing, what the market is giving is another. Time to sleep, I square off the positions.

Using ichimoku charting for Forex gives one of the best forex trading strategy.

EURUSD Intra-day Ichimoku Best Forex Trading Strategy 18-Aug-2014

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Another Ichimoku Forex Trade for the day.

Let us do a quick review for the trades did earlier.

Placed a stop in trade earlier of the day at around 1500h. first yellow circle) A square box denoted the stop in order, a down triangle denoted the trade had been executed.

This trade was made with tenkan-sen crossing below kijun-sen, and both below the ichimoku cloud. More important, looked towards the right, chikou span crossed below the ichimoku cloud. As always mentioned in my other posts, chikou span crossing above or below the cloud is a very strong signal, which cannot be ignored.

After few hours, I placed another stop in order at the second yellow circle. During that moment, price action was trading upwards to the ichimoku cloud. However, none of the ichimoku charting indicators show signs of bullishness. Tenkan-sen had not yet crossed above kijun sen, and chikou span had not yet crossed over the cloud high. The stop in level was below tenkan-sen. And I was stopped in.

Moving forward, we did see tenkan-sen crossed over the kijun-sen, but its not going to be main concerned. Stop loss level then was above the Ichimoku cloud high.

Price action needed time, and patience was required.

Everyone likes a risk/reward ratio 3:1, 3 units of reward to 1 unit of risk.That's what I placed for my profit limit level. However, we need to understand what market wants to offer you.

I place a buy limit to close half of the positions at 13360. Subsequently I closed all, as its getting late at this part of the world.

Ichimoku Charting, one of the best trading technique for Forex.

AUDUSD Ichimoku Forex Trading Strategies 29 Jul 2014 #04

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This is a follow up on the AUSUSD position established on 29 Jul 2014.

Price action has been trading below the ichimoku cloud for the past weeks.

All ichimoku charting indicators reveal bearish, with the exception of tenkan-sen showing the first sign of bullishness by trading above the kijun-sen. Price action has also traded above the kijun-sen.

Looking ahead, the kumo cloud is getting thin, though the current cloud remains thick which could provide the resistance to the price action from turning bull. Also note that Chikou span is above to cut above the tenkan-sen and kijun sen. This could be the very first sign to indicate the start of a bullish trend.

I have shifted my stop loss level lower, and have closed some position in the short.

Again, this is my view. Traders who favor short may find this is good opportunity to add short with stop loss above the ichimoku cloud high.

GBPUSD Ichimoku Forex Trading Strategies 23 Jul 2014 #4

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This is a follow up forex blog on the GBPUSD position established on 23 Jul 2014.

Position had been established at where the yellow circle being marked.

Partial positions had been square off at where the red circles being marked.

And the position had been closed out earlier today.

Will look for new opportunity.

EURUSD Intra-day Ichimoku Best Forex Trading Strategy 07-Aug-2014

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So today I am going to share a trade I did yesterday.

Looking at the yellow oval region, it is not difficult to see the volatility of forex trading.

I have place a stop-in short below the recent low as everything sit in nicely, with the exception of the chikou span, where were in the middle of the cloud.

Volatile price action soon after, you could see the short position being stopped out as the price action crossed above the ichimoku cloud.

What was more devastating, the price action made a reversal, crossed below the ichimoku cloud low.

The most challenging part of this trade was the psychology then. Not easy to placed that short position in again as you could see the area mark blue circle.

The important thing then is to look at the ichimoku-chart AGAIN. Chikou span is going to cross the ichimoku cloud lo. As I always said, the chikou span crossed below the ichimoku cloud add confidence to the trade. The challenge is always on the psychology.

I did pull my trigger, added a short position.

As I waited out, it was a winning trade.

I only managed to recover 75% of the loss from the earlier trade.

Cheers

AUDUSD Ichimoku Forex Trading Strategies 29 Jul 2014 #03

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Best Ichimoku Trading Strategy!

This short position was established end of last month, while the price action was still in the cloud. Price action has now moved below the cloud and sharply down in the recent move.

Tenkan-sen almost crossed above the kijun-sen but failed so. Chikou span remains below the ichimoku cloud and the forward cloud remains bearish, providing strong resistance to the uptrend of the price action if any.

Remain bearish, and await opportunity to go short if any.

NZDUSD Intra-day Winning Ichimoku Forex Trading Strategy 05-Aug-2014

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Another winning ichimoku trading strategies.

Before coming to that, I have to say I missed out the trade for EURUSD, damm it. Was busy with work that I forgotten to look at the trade set available.

Nevertheless, coming back to the forex trade on the NZDUSD. Looking at the ichimoku charting then, tenkan-sen already crossed over kijun-sen, and kijun-sen crossed below the ichimoku cloud low. Chikou span had also crossed below the ichimoku cloud low. Made a market short then, closed out the position as time getting late.

One of the best forex strategies for trading: Ichimoku.

GBPUSD Ichimoku Forex Trading Strategies 23 Jul 2014 #3

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A follow up for the position established last month. You may find the earlier post forex blog post on this trade by clicking here and here.

So I had made partial closing off earlier, anticipating that the price will be trending towards the bottom side of the ichimoku cloud. It didn't happen.

Price action continued to trend lower and so NICELY.

I have closed out another partial position. My target profit level is 16680.

Looking forward, I am looking to add on more short positions.

Will see how price action reveals itself.

EURUSD Intra-day Ichimoku Best Forex Trading Strategy 01-Augl-2014

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Welcome back to another winning trading system using ichimoku charting. It is one of the best forex trading system.

Let's take a look at the ichimoku charting on the EURUSD. Price action has been ranging for the past few hours, trading up and down the ichimoku cloud. There seem to be some direction forming at 1600h, but price action turned up north again.

So that's what had happened earlier as I turned on the screen. Tenkan-sen cross over kijun-sen and both lines cut above the ichimoku cloud. More important, chikou span cut above the ichimoku cloud too! We are also seeing the forward cloud turning thin and positive, becoming a bullish cloud.

That said, price action traded above the cloud, and retracing back towards kijun-sen.

A good trade set up for forex trader, and so a long position was established, with stop loss below the cloud level.

2030h must be exciting for many. It is the same for me. However, as a forex trader, one got to be discipline. It is not my style to do anything in such chaos situation. Stop loss already in, if its stop out, its just another losing trade for forex trading.

What is more important is to follow the ichimoku forex trading strategy. I did have target profit area at above 50s, it did not hit unfortunately.

And it is getting late at this part of the world, and I decided to exit the trade, with good profit.

Ichimoku Forex Trader

AUDUSD Ichimoku Forex Trading Strategies 29 Jul 2014 #02

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Another Winning Ichimoku Forex Trading Strategy.

In case you missed the forex blog on 29 Jul 2014, a quick recap now.

Short position has been established in the AUDUSD. A chosen position while the price action was in the cloud.

So what's next?

Tenkan-sen and kijun-sen are diverging away, signs of volatility, which also means we could see price consolidation or ranging in the next few periods. Chikou span is below the ichimoku cloud, and the forward cloud is bearish and turning south. In general, from Ichimoku charting, we can see bearish mood.

Price action is far away from the Ichimoku cloud low. We may see price activity moving north attempting to break the think cloud. Again, depends how price unfolds.

Yes there maybe some pull backs. However I see more of adding shorts and turning bull.

EURUSD Intra-day Winning Ichimoku Forex Trading Strategy 30-Jul-2014

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Another Winning Ichimoku Forex Trading Strategy

Let's take a quick review on ichimoku forex trading strategy on the ichimoku charting.

Tenkan-sen crossed below the kijun-sen, while in the ichimoku cloud at around quarter past noon, and continued to trend in that manner till both the lines crossed below the ichimoku cloud.

Price action trended below the kijun-sen. Why the position was established at around a quarter past three was mainly from what I considered one of the most important indicators in ichimoku, the chikou span.

Noticed the first trough formed by the chikou span at around the time location quarter past seven at the morning session. Fast forward, and you see the price action broke below the cloud. What we are looking for in a short entry, is the chikou span break below the trough it formed.

The stop loss level was placed above the cloud high.

Nevertheless, price action range for periods below the trend down south.

There maybe some luck as news play came in at 2030 hours. Nevertheless, it is still a good winning ichimoku forex trading strategy.

Exit at around 2300. Time to sleep.

AUDUSD Ichimoku Forex Trading Strategies 29 Jul 2014 #01

Welcome back to another forex trading day!!!

Today we will be looking at AUDUSD for our ichimoku forex trading.

Have a quick look at the ichimoku chart and a quick technical analysis on the ichimoku chart:

• Tenkan-sen has cut below the kijun-sen, but both lines remain above the ichimoku cloud.
• Chikou span has already cut below the ichimoku cloud, it went back into the cloud, and cross below the cloud lo without going above the cloud hi.
• Chikou span has not cut below the tenkan-sen nor the the kijun-sen.
• The forward cloud is bullish, but is diminishing, getting thinner, and a bearish cloud in the making.
• Price action itself is now in the ichimoku cloud, meaning its below the tenkan-sen too.

So what are we or you going to do with the information reflected from the ichimoku charting and the price action?

I have chosen to go bearish and have established a short position, stop loss level at 9450 level.

One of the most important ichimoku indicators is the chikou span. More than often, when most indicators in ichimoku charting indicates a bullish or bearish trends, we would always like to see chikou span also in the same direction with the remaining, meaning either it cross above the cloud high or cloud low.

We could see both from price action and chikou span, a sharp drive towards north before making a quick reversal south. While we could not see much from price itself, the chikou span, together with the cloud, revealed to us, despite crossing over the cloud high, a thick one, chikou span crossed below the cloud low too, relatively thick one too. and most important, chikou span did not manage to cross over the cloud high.

The cloud high forms a resistance to the chikou span.

I have therefore chosen a short, an aggressive one, but with manageable risk, for the ichimoku forex strategy.

Ichimoku Forex Trading Strategies 23 Jul 2014 #2

Welcome back!

If you have missed out the last forex blog post, do not miss out this one.

As mentioned previously, a short position has been established. The price action continued to trend lower below the ichimoku cloud. What's next?

I have chosen to square off half the position at the tenkan-sen level. You do not have to necessary follow the same I did. At tenkan-sen level, there's equal opportunity for buyer and seller. In fact, there's equal opportunity at every level. I have chosen to do so simply because the price action is far from the ichimoku cloud low, and tenkan-sen is just a level i have chosen to close part of the position.

Looking ahead, what forex trading strategies can we apply using ichimoku trading?

We may look at kijun-sen level should price action moves to there. A short position to add on or establish. Looking at chikou span level, we do not see it can trade above the ichimoku cloud high. As such, it is till bearish bias.

Cheeros.

Ichimoku Trading Strategy for Forex Trading 23 Jul 2014 #1

Established a position yesterday with half the risk.

Price action moved below gradually to below the ichimoku cloud, with tenkan-sen below kijun-sen, and chikou span cutting below the ichimoku cloud. the forward cloud in a bearish mood, but thin.

Stop loss level above the kumo cloud as usual.

Will see how price unfolds itself.

Ichimoku Trading Strategy for Forex Trading 03 Jul 2014 #4

The two positions established were stopped out. The fortunate thing that can happen for these trades were minimum risk allocated.

Aggressive sellers established the position as per previous post were be in relatively comfort zone at the moment. Chikou span has cut below the ichimoku cloud lo, reflecting the bearish mood.

Price action itself may be in for a wild move prior to consolidation in a range move looking at tenkan sen and kijun sen. Looking at the price action at a distant away from the kumo cloud, to square off some for profit maybe an option, and to reestablish later as price moves closer to the ichimoku cloud.

Ichimoku Trading Strategy for Forex Trading 03 Jul 2014 #3

Another position has been added as mentioned in previous post.

Price action made an uptrend there after, storming through the ichimoku cloud, but unable to break through the ichimoku cloud hi.

Tenkan-sen and kijun-sen are now converging towards each other, and tenkan-sen may be cutting above the kijun-sen. These actions are now happening in the ichimoku cloud.

Chikou span is touching the cloud lo, a thin cloud, which may be of a concern.

Price action now is below the cloud lo. The concern now increases as compared to the post made previously, mainly due to the thin support at chikou span. Understanding the mechanics behind the ichimoku charting, it simply means the current price action is challenging the trades (longs/shorts) made in the past periods.

Ichimoku Strategy ahead: Stop loss level has been raised. While bull may stand a chance, the same applies to the bear. Aggressive sellers may want to start positioning themselves. New bull entrants may want to see tenkan-sen cutting above kijun-sen with price action above them.

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