Ichimoku Trading Strategies 31-March 2014 #2

Price action has trended lower in the last couple of days since the position was established.

Tenkan-sen has now re-cut below kijun-sen while below the kumo cloud and chikou span continued to trend lower because of the current price action. Chikou span has reflected, despite price action being higher previously, is now at the low region, it shows the weakness of the bulls above the chikou span.

The forward kumo cloud, being bearish, also trending lower, and thicker.

Continue to see a bearish mood ahead, and if opportunity arises, may continue to add in short position.

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.