Friday, September 12, 2014

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

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