AUDUSD Ichimoku Strategy (Long)

This was a new position established few day ago on AUDUSD.

Not the best setup of all, but good enough to call for a long entry.

Price action was trending upwards and hitting kumo cloud lo, it went into the kumo cloud region, and trade near the cloud lo region.

Tenkan-sen began to cross over the Jikin-sen and diverged out showing strength of the upwards momentum. Price itself was trending upwards after hovering around the cloud lo.

Chikou Span also crossed above the jikun-sen, giving strong signal of the reversal.

Price action also began to pierce through the cloud hi.

Should the chikou-span crossed above the cloud hi would be a perfect set up then. (Chikou span eventually traded above cloud hi)

Entry was made when the price went above the cloud hi.

Will see how the trade turns out from the price action.

EURUSD Ichimoku Strategy (Long) update

This continued from previous post.

Currently left with only 1 position in EURUSD.

Price itself has been trending upwards. From the tenkan-sen and jikun sen, while they have diverged, the divergence seem to keep in tact.

Technical (Ichimoku)

Everything set in place. It is uptrend.

Strategy (Ichimoku)

Could only look for price itself retracing to the top of the kumo cloud, or when tenkan-sen and jikun-sen converge.

If looking for short, may consider adding stochastic or RSI as alternative indicators, the divergence of tenkan-sen and jikun-sen can be use as a compliment to the over 70 level is stochastic and RSI.

USDCAD Ichimoku Trading Strategy (Short) Sharing

Continue update from previous post.

Screen shot was taken yesterday, but was too tired to write the post as it was very late, and z-monster was looking for me.

As mentioned in previous post, did not recommend to go short as the kumo cloud was thin. Price itself did go above the kumo cloud, followed by a quick reversal.

A new short position was established then, as it was new low formed up by the chikou span and the price action itself.

Similarly, one of the position was closed for profit, marked by yellow circle.

Am not sure is it oanda platform glitches, my historical trade was not reflected (marked by a white circle with thin yellow line connecting to it.

As I am writing this post, price action has gone further south. It might be likely that we see the trend to gain momentum in the south direction. Do not recommend long. Short position takers might want to hold till tenkan-sen and jikun-sen converge prior to establish any short positions.