EURUSD Ichimoku Trading Strategy (Short)

It was very upsetting for the last trades that the position was stopped out.

Nevertheless, continued to established short positions when the ichimoku strategy allowed for it, couple with the economic sentiments for euro.

Will cover some position to recover the loss in the previous trade, and will continue to add more short position as long as opportunity arrives.

EURUSD Ichimoku Trading Strategy (Short) closed

Unfortunately, the Greece election did not bring bad news to the euro just yet. Was stopped out.

NZDUSD Ichimoku Trading Strategy (Long) closed

This was a trade established some time ago.

Position had been closed out. (Profitable)

The closed out was not ichimoku driven, but due to position established in the opposite direction for EURO.

ciao

NZDUSD Ichimoku Trading Strategy (Long) update

This was continued from the previous post.

Shifted stop loss level to below the cloud.

From the cloud ahead, the support at 0.7560 level is not firm, as reflected by the "thin" cloud.

Will be looking at trading opportunities in terms of price bouncing of the tenkan-sen and chikou span trading above the kumo cloud.

ciao.

EURUSD Ichimoku Trading Strategy (Short) Stop out.

This was pertaining to trades established quite some time ago, and referencing to the most recent post made about shifting stop loss level below the kumo cloud.

Currently, there is no EurUsd position. However am looking to build position for the EurUsd.

There is a thick cloud ahead that works either way for the price itself. If price is above the cloud, we could said the trend is reversing with a good support. Similarly, if price fails to penetrate above the cloud, the cloud level is providing good resistance to price itself.

It could be a long or short looking ahead.

Some trading idea based on ichimoku trading concepts:

To go Long:
Build up position if price penetrated above the cloud.

Build up position if price retrace to around 1.2550.

Build up position when chikou span also traded above the cloud.

To go short:

Build up position as price goes below ki-jun sen.

Build up position when tenkan-sen cut below ki-jun sen.

Build up position around 1.2400, which is slightly below the kumo cloud.

ciao.

NZDUSD Ichimoku Trading Strategy (Long) update

This was an update to the previous post for NZDUSD.

Have added more position to go for long.

As usual, based on one of ichimoku trading principles, as price now piercing through the kumo cloud.

Conservative trader may choose to wait till price completely above the Kumo cloud, and chikou span above the Kumo cloud.

ciao.

EURUSD Ichimoku Trading Strategy (Short) Continued

Shifted the stop loss level to below the kumo cloud.

Price was trading near the kijun-sen. Decided to add on more position.

Risk taken was half of the lock in-profit from previous trade.

AUDJPY Stopped out

Market made a sharp reversal to continue the downtrend.

The position was stopped out.

Update: EURUSD & USDJPY for Ichimoku Trading

EURUSD

Has shifted the stop loss level for existing EURUSD to 1.27000.

Almost 100 pips away from the Kijun-sen.

Following the trend.


USDJPY

Unfortunately, there is not strength in the USD.

Price made a reversal after touching the kumo cloud.

Stop out.

Ciao

AUDJPY Ichimoku Trading Strategy (Long)

This trade is similar to the NZDUSD post earlier. And the Ichimoku trading concept is the same

Thus not repeating the same concept here again.

Ciao

NZDUSD Ichimoku Trading Strategy (Long)

Was searching around for trading opportunities and found one in the Kiwi.

Again, this is just one of the ichimoku trading concepts.

In general, the trend was downwards for the kiwi, as price has been trading below the kumo cloud. tenkan-sen has been trending below the kijun-sen.

However, tenkan-sen crossed above the kijun-sen at area 1, more important, price is trading above the tenkan-sen. This is general the first signal for any trend change, and relatively weak signal to go long.

The chikou-span, also provide some support to this first long signal, by cutting above the tenkan-sen at area 2.

Established a small position to long the kiwi.

Stop loss is placed below the nearest low as seen by the red line.

Some opportunities to add on position

• Chikou span cut above the kijun-sen
• Price penetrated into the kumo cloud and out of the top of the kumo cloud.
• Chikou span cut above the top of the kumo cloud

ciao

USDJPY Ichimoku Trading Strategy (Long) Continued

This was continued from previous post few days ago. I have established a long position in USDJPY.

Currently I am looking for opportunity to add more position to be confirmed by the price.

Temkan-sen already cut above the kijun-sen. However price still below tenkan-sen. If Price trade above the tenkan-sen, will add more positions conservatively.

Take note this is one of the opportunities mentioned in the previous post. Just one of the Ichimoku trading concepts.

ciao

EURUSD Ichimoku Trading Strategy (Short) Continued

This was continued from previous post. Shifted stop-loss level to 1.2850. Flow with the trend.

Ciao.

USDJPY Ichimoku Trading Strategy (Long)

Took a look at the currencies, and found a trading opportunity in USDJPY.

The trade was based on one of the ichimoku concepts. A conservative position was established.

While tenkan-sen was below kijun-sen, price was trading above the kijun-sen. In addition, price was going into the kumo cloud range.

More encouraging was the chikou-span had cut above the kijun-sen. This was critical as it often meant a squeeze to the position holder trading below the kijun-sen.

Opportunities to look for to add in positions:

• Price penetrated above the kumo cloud.
• Tenkan-sen cut above kijun-sen, and price above tenkan-sen.
• chikou span traded above the kumo cloud.

Ciao.

EURUSD Ichimoku Trading Strategy (Short) and Settling down

Oh, Blogger changed it format again.

It has been quite some time since I last wrote this blog.

Have been busy with my new work this year. It is challenging, and I got to meet a lot of new people as a Business Development Manager. 

Nevertheless, trading and investing are part of my life. I have been trading option for the last few months as it doesn't take too much of my time. And I am looking forward to trade FX the same way using ichimoku charting.

Had closed out my long position previously and took some loss. 

Re-established new short position in EURO as chart below.

Technically, not suppose to add short position when price traded above the kumo cloud. The position was taken due to the fundamental of euro itself. Things ain't looking good, and it still not looking good.

Stop loss level placed at 1.29000. shall wait and see.

Other updates:

Am looking at other currencies, but not much opportunities to establish new position.

ciao.

EURUSD Ichimoku Trading Strategy (Long) Continued

It has been quite some time since I last posted. I was busy with my new found job and took time to know the company better. Nevertheless, hope to get things settle down soon.

This post was continued from the position I have established last month. Still remain long with the Eur/Usd.

Price had penetrated below the kumo cloud, but chikou span remained above the cloud, decided to hold on then, and price made a U turn up.

Had adjusted the stop loss higher after this U turn.

EURUSD Ichimoku Trading Strategy (Long)

All previous short positions closed. Decent profits after staying on with the trend.

New long position established.

(Tenkan-sen cuts above kijun-sen, most of all, chikou-span cuts above the kumo cloud.)

Will look for opportunity to add on position.

EURUSD 10 January 2012 Ichimoku Trading Strategy

Price was already trading above the kumo cloud during US timing. Waited for some time to have a set up.

When the price went into the kumo cloud around 0830h (US timing), awaited for the set up.

1. Tenkan-sen cut above the jikun-sen while inside the kumo cloud, and the price was trading above the tenkan-sen. Morever, chikou span touched the jikun-sen and rebounded. Placed a stop in order which was triggered after.

2. Price reversed shortly after, penetrating through the thin kumo cloud.

It was unfortunate that the 2nd trade was also a lost.

EURUSD 09 January 2012 Ichimoku Trading Strategy

It was not a good start to the first intra-day trade for the year 2012.

Price had been moving upwards since the beginning of the day. When the US timing approached, price started to reverse.

Initiated a stop in order shortly after the opening of the US timing (0800h), all important lines were in their position. Tenkan-sen was below kijun-sen, both below the kumo cloud. Chikou Span had also traded below the kumo cloud. The trade was triggered shortly.

Price decided to make a reversal shortly after. Was stopped out above the kumo cloud. Not a good start for the year...

EURUSD Ichimoku Trading Strategy

It had been quite some time since I last posted. After my last business trip in China, went to Taipei for my new year holiday. At the same time, will begin my career with another organization, which will have frequent overseas traveling.

Having said that, continuing on one of my posts earlier, I have added another position to my EURUSD. The previous positions remain. The new add on position was established when the price traded near the bottom of the ichimoku kumo cloud.

Will continue to hold on and shift lower the stop loss level.