AUDUSD Ichimoku Forex Trading Strategies 29 Jul 2014 #02

Image: Oanda


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

Image: Oanda



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.

[url=http://www.ichimoku-trading.com]Ichinoku Blog[/url]

Ichimoku Trading Strategy for Forex Trading 03 Jul 2014 #2

Price action has continued to trend lower since the position being established last week.

It is now it the kumo area, or the so called ichimoku cloud area.

Examine the current ichimoku charting, the tenkan-sen is below the kijun-sen, and in a diverging manner. This is similar to when the previous position being closed. The downward trend made during the last few days may now in exhaustion, and the range price activity in the kumo cloud may just provide the "rest" needed by the price action itself.

Looking back to the chikou span, it is now below the kijun-sen. It is however, not below the kumo cloud lo yet. And looking forward to the kumo, which is now turning bearish, could be a sign for the trend change.

There are some bearish signs from the ichimoku charting, but not yet a trend change.

Strategies ahead, there are away 2 sides of the trades, buyer or seller.

For seller, perhaps it may be good to enter when the tenkan-sen and kijun sen converge, or when price action clearly below the kumo cloud, the boost from chikou span below the kumo cloud could add on to the selling positions.

For buyer, which will be the position I am planning to take. Continue to add on more positions, taking minimum risk with stop loss at same level.

[url=http://www.ichimoku-trading.com]Ichinoku Blog[/url]

Ichimoku Trading Strategy for Forex Trading 03 Jul 2014 #1

Price action has retraced quite a distant away from the high itself established some days ago.

Tenkan-sen, kijun-sen and chikou span remain above the kumo cloud. Tenkan-sen and kijun sen are converging towards each other, reflecting the volatility will be diminished in the periods ahead.

Chikou span is approaching tenkan-sen from the high, a sign to reflect sellers are gaining strength, and buyers are moving away to buy at such high price level above the tenkan-sen. 13600 level may be the battle ground between buyer and seller.

Price action bounced of the kumo cloud hi, and the kumo cloud remains thick ahead, providing the support needed for a bullish trend.

Ichimoku Trading Strategy ahead: May look to add long position between 13600-13620 with stop loss below the kumo cloud lo. Took minimum risk during this period, till price action reveals itself in the days ahead.

Ichimoku Trading Strategies 12-June 2014 #3

Price action met some resistance at level 13652 mentioned in the earlier post, but the resistance was short-live. Price action continued the move to 13700, it took quite awhile before 13700 was broken.

Profit level hit.

All ichimoku indicators were showing bullish signs. Tenkan-sen above kijun-sen, and chikou span above the tenkan-sen & kijun-sen 26 periods behind. And the kumo cloud is bullish and uptrend.

The concern in this bullish mood is probably the exhaustion of this price action, reflected by the widening gap between tenkan-sen and kijun-sen. and the price action activity away from the kumo cloud.

Ichimoku Strategy ahead, can look to build up position at tenkan-sen, kijun-sen level or even at cloud hi, depending how the price action reveals itself.

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