Ichimoku Trading Strategies 26-February 2014 #5

Finally, the positions were stopped out and closed.

Looking back, the overall risk initiated for the positions was 2%, and the reward was 4%, it could have been better if it was exited when it hit 6% and more. Again, that is "if"

There is not any other positions. Looking forward to established some in the coming days.

Ichimoku Trading Strategies 26-February 2014 #4

It has been quite some time since I last updated. I was away for a holiday in Europe.

Back to the positions established some time ago, I am still holding to the positions. Well, price action has now penetrated through the cloud, hoovering below the cloud lo. Tenkan-sen has cut below kujun-sen and below the kumo cloud, while kijun-sen remains in the cloud. Chikou span has yet cut below the cloud lo.

Stop loss has now been shifted to cover the positions.

What's next?

Well, I can square off the positions to take profit, which I choose not to, because I am really into "long term" trading.

The next few periods will be critical. As simply as what can happen; price goes lower, price hoovers around this range or price goes up.

I remain optimistic, and look forward to price going up, and will look to enter more position if price action goes above the cloud hi.

Of course, if price goes down, I will be stopped out, and should price hoovers around the range, I may square off all the positions.

Again, it all depends how price action unfolds, what matters most is knowing what to do when it happens.

Ichimoku Trading Strategies 26-February 2014 #3

As discussed previously, added another position near the cloud hi. Price action had gone in the direction of the trades.

The overall risk is 2% of the portfolio. The current reward is approximately 2.8 times the risk. It could have been 3 times if price action is trading near the high for the period.

Squared off 50% of the positions.

While the price action is bullish, with tenkan-sen, kijun-sen and chikou span above the kumo cloud, it should be noted the forward kumo cloud is thin, which has been noted in the previous post.

Stop loss level will be adjusted to reduce the overall risk of the positions.

Depending how the price action unfolds itself, to approach in a conservative manner.