Monday, September 22, 2014

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

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