EURUSD 15 July 2011 Trade 1

This trade was done in the noon Singapore time.

From chart 1, the Euro had traded off the ichimoku cloud earlier just before 1400h.

During the price retracement, took the opportunity to go short between 1425-1430hr @ 1.4153

I had made a very bad mistake as you could see from chart 2 where I placed the stop loss just at the kumo top. I was stopped out. Something I regretted later on.

EURUSD 14 July 2011 Trade 2

From the first chart, after the stopped out of the long trade, a short trade was initiated. 2 more short trade were initated there after.

As from the chart iteself, the price reach the base kumo cloud, and did a reversal.

From the second chart, the positions were closed out gradually as the price moved lower.

All positions were closed out when the price moved back and cut the Kumo cloud.

EURUSD 14 July Trade 1

This is the first trade of the day.

From the first chart, Ichimoku showed a very good long signal.

The Tenkan-sen cut the Jikun-sen inside the cloud.

The price subsequently cut about the Kumo cloud.

The Chikou span also cut above the Kumo cloud, most of all, above all historical price action.

Having said that, there will be Fed Broadcast at 1000h. There is not intention to trade news. However, it is part of the trade to take note what news will be announced.

The second chart showed the price action after the broadcast. There is no immediate action. However, there is severe price action taking place from 1010h.

The trade was stopped out. New short position is in.