Thursday, September 25, 2014

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

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