Ichimoku Trading Strategies 26-February 2014 #1

It has been quite some time. Previous position did not really work out well. Went for a short in price, but price decided to turn around. There were times when profit was there, it was not closed out, and subsequently become a loss.

Was away for holiday end January till Mid February, the normal Chinese New Year Holidays celebration at this part of the world.

Nevertheless, coming back to today's trade, long position established.

While price action is below the tenkan-sen and kijun-sen, it was just at the kumo cloud high. The thick kumo cloud probably provide the support required from the chart itself, and the up trending kumo indicates the "mood" ahead.

A stop loss is placed below the kumo lo. Aggressive traders may want to wait till chikou span cut below the cloud though.

Let's wait and see what price will unfold itself in the days ahead.

Ichimoku Trading Strategies EURUSD 02-Jan-2014 #2

It has been quite some time since the last post. Price action has remained in a predictive mode, below the kumo cloud till the last couple of period, with a strong trending upwards.

The position remains, with stop loss adjusted lower, above recent high.

From ichimoku perspective, price action penetrated above the cloud, but remains to be seen if it is sustainable. This is qualified by kijun-sen remain below/in the cloud, though tenkan sen has cut above the kijun-sen. Chikou span, an important trend change indicator, has not yet cut above the cloud hi.While the forward cloud changes to bullish, it is a thin bullish cloud, and the cloud hi support is a valley ahead.

Stop loss level adjusted lower as such.

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Ichimoku Trading Strategies EURUSD 02-Jan-2014 #1

The very first post for 2014.  Executed a trade a couple of days ago.

Price action had been trending upwards in a very gentle manner, cutting below the kumo cloud during mid December 2013.

Price action cut below the kumo cloud again, with tenkan-sen and kijun-sen showing signs of diverting. Chikou span also about to cut below the kumo cloud then.

Position remains open with stop loss about the kumo cloud high.