Saturday, October 25, 2014

EURUSD Intra-day Ichimoku Best Short Term Forex Trading Strategy 24-Oct-2014























Image: Oanda


TRADE

Date: 24-Oct-2014

Entry: Buy Stop 1.2667 

Reason for Trade/Setup: 

Price action was trading in range, above and below the cloud prior 2000h. At the time of order, price action was above the kumo cloud. Chikou span had also crossed above the ichimoku cloud. Placed a buy stop above the nearest high, with stop loss below the cloud.

Initial Stop: 1.2645

Initial Target: 1.2735

INTERMEDIATE COMMENT

NA

RESULT

Outcome: Price moved upward but retraced back to entry level.

Exit: @ 1.2667 (Time to Sleep)

Profit/Loss: +0 pip

THOUGHTS

NA.

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