Saturday, September 6, 2014

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.

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