Wednesday, August 5, 2015

New blog site

Dear readers,

You may want to visit my blog here for new updates.

I give myself new nickname "kuraudotrader"


Friday, June 19, 2015

EURJPY long term Ichimoku Best Forex Trading Strategy 28 Apr 2015 Updated for closed position






















Image: Oanda

TRADE

Entry Date: 28-Apr-2015

Entry: Long @ 130.18; 

Date: 27-May-2015

Entry: Long @ 134.80;

Date: 29-May-2015

Entry: Long @ 136.00;

Reason for Trade/Setup: 

On 28-Apr-2015, Entry into the position as price cut above the kumo cloud, more important, chikou span had cut above the kumo cloud too.

The entry on 27-May-2015 was a result of not being stopped out. The stop loss level was at 132.50 then. Price started to trend upwards upon hitting 133.00 level. With price cutting above tenkan-sen and kijun-sen, added this position.

Entry on 29-May-2015 was based on price cutting above kumo.

Initial Stop: 127.00, Shifted to 132.50, Shifted to 134.50

Initial Target: 146.50

INTERMEDIATE COMMENT

A late update. Stop out some time back.

RESULT

Exit @ 138.90

Exit date: 10 Jun 2015

Profit/Loss: +872 pips, +410 pips, +290 pips

THOUGHTS

NIL

Regards,
Ichimoku Trader

Thursday, June 4, 2015

EURJPY long term Ichimoku Best Forex Trading Strategy 28 Apr 2015





Image: Oanda

TRADE

Date: 28-Apr-2015

Entry: Long @ 130.18; 

Date: 27-May-2015

Entry: Long @ 134.80;

Date: 29-May-2015

Entry: Long @ 136.00;

Reason for Trade/Setup: 

On 28-Apr-2015, Entry into the position as price cut above the kumo cloud, more important, chikou span had cut above the kumo cloud too.

The entry on 27-May-2015 was a result of not being stopped out. The stop loss level was at 132.50 then. Price started to trend upwards upon hitting 133.00 level. With price cutting above tenkan-sen and kijun-sen, added this position.

Entry on 29-May-2015 was based on price cutting above kumo.

Initial Stop: 127.00, Shifted to 132.50, Shifted to 134.50

Initial Target: 146.50

INTERMEDIATE COMMENT

NIL

RESULT

NIL

Exit: Still in position

Profit/Loss: NA

THOUGHTS

Price action moving towards level held around Nov-Dec 2014.

Regards,
Ichimoku Trader

Saturday, January 24, 2015

Oanda

15 Jan 2015, a day most traders remembered. It wiped out not only traders with position in CHF, it also wiped out forex brokers.

I guess I am fortunate that I do not specifically trade CHF positions. Of course, most, if not all currencies were affected on that day, but the worst has to belong to EUR/CHF.

I received a mail from Oanda shortly after as below:



I used other brokers previously, that was because during then there was no small lots online brokers available in Singapore.

When Oanda Asia Pacific set up office in Singapore, I did not hesitate to open account with them.

My thoughts then, I always prefer a broker I can knock at its office door easily when some screw ups happened.

And so far Oanda reacted well to the the Swiss Franc Black Swan.

Hope all readers doing well too.

Regards,
Ichimoku-Trading.