Ichimoku Trading Strategy: EURUSD forex trading since 10-Apr-2013 #2

Continued from previous ichimoku blog.

Technical Analysis (Ichimoku Charting)

Price action was quite choppy within a small range, and remained above the ichimoku cloud. Not much changes from tenkan-sen, kijun-sen or chikou span except convergence of tenkan sen and kijun-sen. Forward kumo cloud getting thicker, providing support to the upward trend.

Trading Strategies (Ichimoku Trading)

Established another position during the convergence period. Stop loss below the kumo cloud. With the thick kumo cloud ahead, can look for opportunities to long when price action trades near the tenkan-sen for aggressive taker, or kijun-sen if more conservative.

Singapore Ichimoku Trader

Ichimoku Trading Strategy: AUDUSD forex trading since 14-Mar-2013 #2

An update from previous ichimoku post for AUDUSD.

Long positions were stopped out for AUDUSD as price action touched the kumo cloud lo.

Technical Analysis (Ichimoku Charting)

Tenkan sen has not cut below the Kijun-sen. However, chikou span has already cut below tenkan-sen and kijun-sen 26 periods back. Kumo cloud ahead is getting thinner which can work both way for the bulls and bears. Price action is now near the ichimoku cloud lo.

Trading Strategies (Ichinoku Trading)

The thin kumo cloud provides neither support or resistance to the price action forward. An upward trend cloud suggesting on the bullish. Nevertheless, chikou span gave an indication about the trading activities between now and 26 period back. It can be seen bullishness in the past 26 periods has been diminished by the sharp drop of price action.

Stay out till after 24 Apr.

Aggressive trader may want to look at short with stop over the cloud hi.

Conservative trader may consider going long when price goes above 10450.

Singapore Ichimoku Trader

Ichimoku Trading Strategy: EURUSD forex trading since 10-Apr-2013 #1

As mentioned in previous post, established new position after closing out.

Technical Analysis (Ichimoku Charting)

A typical bull call for ichimoku charting technique, with the confirmation signal from the chikou span cutting above the kumo cloud.

Ichimoku Trading Strategies 

A long established. Conservative entry can wait when price action reach tenkan-sen or kijun-sen with stop below kumo cloud.

Singapore Ichimoku Trader