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.

EURUSD 15 December 2011 Ichimoku Trading Strategy

Another day where price showed clear direction of which way to go.

1. Placed a stop in order for the short when traded below the kumo cloud, with indication from tenkan-sen and kijun-sen. The chikou-span also traded down.

During the trade, there was again sign of price reversal. A relief that price never traded above the kumo cloud.

2. There was no flow for the price to trade lower. Decided to exit the trade as it was about time to sleep. Exit the trade with little profit.

Will be flying off to China this weekend for a week. If time permits, will trade.

EURUSD 14 December 2011 Ichimoku Trading Strategy

It was another day where there was no strength in the flow.

1. Waited for a set up get into the trade. Placed a stop-in order which was triggered subsequently.

The price was not trending. It had moved above the ichimoku kumo cloud for a period of time. Stop loss level was just few pips away.

Price reversed and moved in the direction towards the position established. It seemed like the flow would follow through. Unfortunately not.

2. It was getting late. Place stop-loss level above the kijun-sen. It was hit.

Small profit for the day. Called it a day.

EURUSD Ichimoku Trading Strategy

Had established a few short positions for EURUSD earlier.

These positions were established based on fundamentals coupled ichimoku trading concept.

The EURO zone crisis remains, and the outlook is negative.

When the price traded near/in the kumo cloud, positions were established in shorting the EURUSD.

The stop loss was set at a level away from the top of the kumo cloud when the positions were first established. The risk of loss had been gradually reduced as the price traded lower.

Positions to maintain. Will continue to add on when opportunity arises.

EURUSD 13 December 2011 Ichimoku Trading Strategy

Not a good trading day...

1. Tenkan sen below kijun sen and both below the kumo cloud. Chikou sen also trading below 26 period low. Placed a stop in order below the price, triggered subsequently.

2. Stop loss was shifted lower when tenkan-sen come in-line with kijun sen. Price penetrated upwards hitting stop loss.

Called it a day. Fed meeting later, probably price will be choppy...

EURUSD 09 December 2011 Ichimoku Trading Strategy

The price moved quite a bit prior to the US timing.

1. Awaited for the opportunity to have typical ichimoku trading set up. Placed a stop-in order which was triggered soon after.

2. The first partial closing was for profit taking. When tenkan-sen cut above the kijun-sen, with chikou-span cutting above the 26 period high, closed off partial position again.

3. Price penetrated above the kumo cloud. All position stopped out and closed out.

Called it a day. Some profit for the day.

EURUSD 07 December 2011 Ichimoku Trading Strategy

No idea what has happened as of now. Stopped out.

Staying put to see any more trade opportunity. If not, will call it a day.

Please leave a message if you have knew what happened.

EURUSD 06 December 2011 Ichimoku Trading Strategy

It was another slow and steady day with a typical ichimoku trading strategy for EurUsd.

1. Price was trading lower, with tenkan-sen below kijun-sen. chikou span also below kijun-sen, and all three lines below the kumo cloud. Placed a stop in order which was triggered subsequently.

2. Placed order for target profit level to closed partially. Unfortunately, price was just few pips away... Order was cancelled subsequently.

3. Price stopped out in the mid of the cloud.

Profitable day, could be better though, called it a day.

EURUSD 05 December 2011 Ichimoku Trading Strategy

It was quite a slow day from 0800h US timing.

1. Price was trading above the tenkan-sen, with tenkan-sen above the kijun-sen, and above the kumo cloud. The chikou span also cutting above the kumo cloud. Placed a stop in order, which was triggered shortly.

2. Profit target, closed off partial positions

3. Price traded lower, below the kumo cloud. Stopped out. All positions closed.

Call it a day.

EURUSD 02 December 2011 Ichimoku Trading Strategy

Had waited till after the released of non-farm payrolls data. (Staying out is also taking a position)

1. Had waited for quite some time. Finally, an ichimoku strategy set up appeared. Tenkan-sen below the jikun-sen, both lines below, or near the lower part of the kumo cloud. Chikou-sen had also cut below the jikun-sen. Price itself also trading lower below the tenkan-sen. Initiated a short position.

2. It took quite some time for the price to trade lower. Closed out the position partially for profit taking. Lower stop loss as it was almost midnight.

3. Stopped out.

Good profit for the day.

(P.S: Stop loss level should be further according to ichimoku strategy. However, it's late here...)

USDJPY 22 November 2011 Ichimoku Trading (Continued) Closed position

All position closed out through market order. Emotion took over me. Decided to stay out.

Profitable trades.

EURUSD 29 November 2011 Ichimoku Trading Strategy 2nd trade

Second trade for EURUSD.

1. Initiated a trade just before 0800h. A typical ichimoku set up. Tenkan-sen below jikun-sen, and chikou span below the jikun-sen, with price just below the kumo cloud.

2. Placed another sell stop order according to set up. The sell order was triggered later.

3. Price moved up higher after placing the sell stop order, initiated another short trade to add on position.

4. Closed off partial position after reaching target profit.

5. All position closed out.

Good profit.

EURUSD 29 November 2011 Ichimoku Trading Strategy

Took one trade in the office.

It was a good set up by the ichimoku itself.

1. Tenkan-sen above jikun-sen, and above the kumo cloud. Chikou span also cut above the jikun-sen and into the kumo cloud. Initiated a long trade for the price.

It took some time for the price to move.

2. Price went into the cloud. Tenkan sen also cut below jikun-sen. Chikou span also cut below jikun sen. Exit the position.

Good profit.

USDJPY 22 November 2011 Ichimoku Trading (Continued) Adding more position

Continued from the posts earlier where positions have been established for USDJPY.

Beside the positions established in 1 & 2, continue to add on position in 3. Added when the price was in the kumo cloud.

Holding on to the positions.

USDJPY 22 November 2011 Ichimoku Trading (Continued) Initiated another position

This is continued from a post made earlier.

1. Had already established a long position in USDJPY earlier before the tenkan-sen cutting above the jikun-sen.

2. Add on another position when the tenkan-sen cut above the jikun-sen.

Note: The chikou span had already cut above the tenkan-sen twice and was about to cut above the jikun-sen when about to establish the second position.

Will hold on to see how it turns out.