Thursday, September 4, 2014

USDJPY Intra-day Ichimoku Best Forex Trading Strategy 03-Sep-2014


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


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


  1. Forex Trendy is a state of the art program capable of finding the safest continuation chart patterns. It scans through all the charts, on all time frames and analyzes every prospective breakout.