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

Image: Oanda


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

Image: Oanda


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

Image: Oanda


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

Image: Oanda

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

Image: Oanda


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

Image: Oanda


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

Image: Oanda


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

Image: Oanda


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

Image: Oanda


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

Image: Oanda


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

Image: Oanda


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

Image: Oanda


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