Ichimoku Trading Strategies 31-March 2014 #1

Established a new position.

Price action has traded below the kumo cloud recently, coupled with tenkan-sen, kijun-sen and chikou span cutting below the kumo lo. Divergence between the tenkan-sen and kijun-sen reflected increased in volatility in the price action itself.

While price action remains below the kumo lo, it retraces to kijun-sen level. Sufficient strength in price action is required to have the chikou-span cut above the kumo hi. Forward kumo reflected bearish mode and moved lower.

Position is therefore established with stop loss above kumo high, a distant away. Overall risk for this trade in this portfolio remains @ 2%.

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.