Ichimoku Trading Strategies 12-June 2014 #2

It has bee quite some time since the last post.

Price action has been quite choppy during the past couple of periods, moving in and out of the kumo cloud.

Tenkan-sen, kijun-sen, chikou span have all cut above the kumo cloud, and the forward kumo cloud has just turn bullish and growing in thickness providing the support required for a bullish trend.

Price level 13652 would be a pivot point, or an important level to look at. That is the level where the current chikou span is below now.

Stop loss has been adjusted to protect the position.

Ichimoku Trading Strategies 12-June 2014 #1

Work had been very busy for the past few weeks. It will also be busy in the coming few weeks.

Have not been trading since the last stopped out. However, manage to put in a trade couple of days ago.

The trade was taken with forward thin kumo cloud. It was bullish followed by bearish thin kumo cloud. Locked in the trade as price cut across tenkan-sen. with stop below 13500 then.

Price is now above the kumo cloud, and tenkan-sen has also cut above the kijun-sen. Chikou span has also cut above tenkan-sen and kijun-sen. However, none of the lines is above the kumo cloud.

The forward cloud, bearish, but thin. After a long trend down, there may be chance for a trend change.

Indicator will come from chikou span cutting above kumo cloud hi, looking at above 13660 level.

I have put in target profit level according to my risk management. Will also look for opportunity to add in position if any.