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.

USDJPY 22 November 2011 Ichimoku Trading (Continued)

Continued from the post where the position was established earlier for mid term trade based on 8hr period.

1. The position was initiated and established when the tenkan-sen was about to cut the jikun-sen while below the kumo cloud.

2. The tenkan-sen cut above the jikun-sen while below the cloud, giving the first signal to establish a long position.

3. Chikou span had also cut the tenkan-sen, and approaching to cut the jikun-sen. A good signal to couple with the signal tenkan-sen cutting above jikun-sen while below the cloud.

Continued to hold the position.

EURUSD 22 November 2011 Ichimoku Trading

Price had been trending lower in the early US session, below the kumo cloud.

Waited till after 0830h before placing the order.

1. The tenkan-sen was below the jikun-sen, and the price traded below the tenkan-sen. Placed a stop in order below the low of the price. It was triggered soon after.

2. Price continued to trade lower. Placed a limit order, it was not done, cancelled it thereafter.

3. Tenkan-sen cut above the jikun-sen, first signal of a possible reversal. When the price traded near the bottom of the kumo cloud, closed out partial position.

4. Price traded into the cloud. Chikou span also cut the jikun-sen at the same time. A stop loss order was already placed, position closed out.

Called it a day.

USDJPY 22 November 2011 Ichimoku Trading

USDJPY price has been trading lower since the BOJ intervention.

The current ichimoku indicators showed some opportunity for mid-term using 8 hour period charting.

Tenkan-sen is about to cut above the Jikun-sen. The whole set up likely to take place while under the kumo cloud. While it maybe early to establish the position, the risk involved for the stop loss associated is also relatively lower compared to when the trend has developed.

Looking forward, it is likely BOJ would want a weaker Yen instead of a stronger Yen for Japan economy recovery.

Will have to see how it will turn out.

EURUSD21 Nov 2011 Ichimoku Trading

Came back from my overseas trip in China.

The position trades had been stopped out.

It had been a very choppy market for the euro.

Price had been trading lower prior to the US market open. Again, trading what the price was telling you.

1. Three bull candles appeared, signalling a possible turn of trends upwards, especially when the price had been trading lower previously.

2. Bought at market as the price turned sharply upwards, with the tenkan-sen cutting above the jikun-sen, and above the kumo cloud. The chikou span had also cut above the price within the 26 period high.

3. Unfortunately, price itself seemed to be exhausted. Tenkan-sen cut below the jikun-sen, and the chikou span also cut below the jikun-sen 26 period back.

4. Exited the trade while the price traded into the cloud.

Called it a day.

EURUSD 08 Nov 2011 Ichimoku Trading

It was another day of news driven events in the Europe.

1. Price traded below the kumo cloud, with tenkan-sen cutting below jikun-sen, initiated a short position.

2. Planning to add on the position, placed a stop in order below the low of the price period form prior, similarly, around where chikou-span will cut below the kumo cloud. Unfortunately, or maybe fortunate enough, it was not triggered.

3. Price took a reversal, was stopped out when price traded above the kumo cloud.

EURUSD 03 Nov 2011 Ichimoku Trading

It had been quite some time that no intraday trade for EurUsd due to workload. Travelling again during mid November to China.

Look at the price, it was trading above the kumo cloud.

1. Tenkan-sen cut below the jikun-sen while above the cloud. The first signal to signal to initiated a short trade if any one wanted to. After a price period trade below tenkan-sen, intiated a short position while the price traded into the cloud.

2. The first profit taking zone. Closed out partial postion after reaching first target profit zone. also closed partial position from candle stick patterns. When the tenkan sen cut above the jikun sen, closed out partial position again.

3. The second profit taking zone. Price continued to trade lower. Closed out partial position after reaching second target profit zone.

4. Technical exit zone: Tenkan-sen cut above the jikun-sen while below the kumo cloud. First signal of warning that price could reverse. Closed out partial position when price traded to below the cloud. All remaining position closed out when price traded above the cloud.

Called it a day.

AUDUSD Daily Oct 2011 Ichimoku Trading (Continued)

Followed up on the post earlier

The price reversed abruptly. However, it was still above the price level where the position was intiated.

Stop loss level was placed in the cloud.

Holding on to the position.

USDSGD Daily Oct 2011 Ichimoku Trading (continued)

This was a follow up to a post earlier.

Again, price reversed it action abruptly.

Stop loss order was placed near intiated position level.

Position closed out.