Ichimoku Trading Strategies 23-April 2014 #1

The price action was in a range during the last couple of periods. Made a reversal upon stopping out the positions, and almost breaking below the cloud lo.

Tenkan sen is below the kijun-sen, while price action itself is above the cloud hi, tenkan-sen and kijun-sen. Chikou span is caught in between tenkan-sen and kijun-sen, and clearly above the cloud hi.

The forward ichimoku cloud is bullish, and conservatively thick.

The view forward is bullish. Position established.

Stop loss is a distant away from cloud lo.

Depending how price action reveals itself, will trade accordingly.

Ichimoku Trading Strategies 31-March 2014 #4

Was stopped out last week.

Price has now retraced back to kumo cloud hi level, with forward cloud looking bullish.

While tenkan-sen is above kijun-sen, chikou span has already cut below the kumo cloud lo. A worrying sign.

Remain without position.

Ichimoku Trading Strategies 31-March 2014 #3

Apparently the bearish mood mentioned in previous post has not sustained.

Price action climbed upwards in the last few periods and now into the kumo cloud.

Tenkan sen already cut above the kijun-sen, and chikou span is now above tenkan-sen and kijun-sen that are 26 periods earlier. The comforting portion, all three are below the kumo cloud. However, the forward kumo cloud seems to have a change from bearish to bullish mood.

Trade plan ahead: Add more position if price action returns below kumo cloud lo, and at level around kijun-sen; prepare to reduce or exit when price action goes above the kumo cloud hi; await to be stopped out.

Ichimoku Trading Strategies 31-March 2014 #2

Price action has trended lower in the last couple of days since the position was established.

Tenkan-sen has now re-cut below kijun-sen while below the kumo cloud and chikou span continued to trend lower because of the current price action. Chikou span has reflected, despite price action being higher previously, is now at the low region, it shows the weakness of the bulls above the chikou span.

The forward kumo cloud, being bearish, also trending lower, and thicker.

Continue to see a bearish mood ahead, and if opportunity arises, may continue to add in short position.