Ichimoku Trading Strategies USDCHF 16 Sep 2013 #1

Opened an position in USDCHF few days ago. Price action already cut below the ichimoku cloud. Tenkan-sen cut below kijun-sen and below the cloud, while kijun-sen was about to cut below the cloud. Chikou span, though cut below the kijun-sen, was not below the cloud during the time of the execution. Nevertheless, opened the position as chikou span below the cloud would be the last indicator of all.

The big drop yesterday was due to FED meeting. It either worked for or against the position. Luckily or not, it worked for the position.

Stop loss level remained above the cloud.

First resistance level will be the tenkan-sen level. Price action itself has not really increased momentum despite the fall yesterday looking at the gap between tenkan-sen and kijun-sen.

Will see how price action reveals itself.

Ichimoku Trading Strategies NZDUSD 04 Sep 2013 #1

A trade executed few days ago on 04 Sep 2013 for NZDUSD.

At the time when the trade was executed, price action went into the ichimoku cloud from the cloud low. Tenkan-sen cut above the kijun-sen and chikou-span about to cut above the kijun-sen, coupled with a thick forward cloud.

Current price action above the ichimoku cloud, thick, meaning a strong support to the price action above the cloud. It will take more than just news to reverse the price action.

One may consider to add on more position with risk below the cloud lo.

Ichimoku Trading Strategies EURUSD 16 July 2013 #3

This was an update to the existing positions. Unfortunately, price action did a sharp reversal. Stopped out all positions with minimal loss. One and half month wasted.