GBPUSD Ichimoku Forex Trading Strategies 23 Jul 2014 #3

Image: Oanda


A follow up for the position established last month. You may find the earlier post forex blog post on this trade by clicking here and here.

So I had made partial closing off earlier, anticipating that the price will be trending towards the bottom side of the ichimoku cloud. It didn't happen.

Price action continued to trend lower and so NICELY.

I have closed out another partial position. My target profit level is 16680.

Looking forward, I am looking to add on more short positions.

Will see how price action reveals itself.

EURUSD Intra-day Ichimoku Best Forex Trading Strategy 01-Augl-2014

Image: Oanda


Welcome back to another winning trading system using ichimoku charting. It is one of the best forex trading system.

Let's take a look at the ichimoku charting on the EURUSD. Price action has been ranging for the past few hours, trading up and down the ichimoku cloud. There seem to be some direction forming at 1600h, but price action turned up north again.

So that's what had happened earlier as I turned on the screen. Tenkan-sen cross over kijun-sen and both lines cut above the ichimoku cloud. More important, chikou span cut above the ichimoku cloud too! We are also seeing the forward cloud turning thin and positive, becoming a bullish cloud.

That said, price action traded above the cloud, and retracing back towards kijun-sen.

A good trade set up for forex trader, and so a long position was established, with stop loss below the cloud level.

2030h must be exciting for many. It is the same for me. However, as a forex trader, one got to be discipline. It is not my style to do anything in such chaos situation. Stop loss already in, if its stop out, its just another losing trade for forex trading.

What is more important is to follow the ichimoku forex trading strategy. I did have target profit area at above 50s, it did not hit unfortunately.

And it is getting late at this part of the world, and I decided to exit the trade, with good profit.

Ichimoku Forex Trader

AUDUSD Ichimoku Forex Trading Strategies 29 Jul 2014 #02

Image: Oanda


Another Winning Ichimoku Forex Trading Strategy.

In case you missed the forex blog on 29 Jul 2014, a quick recap now.

Short position has been established in the AUDUSD. A chosen position while the price action was in the cloud.

So what's next?

Tenkan-sen and kijun-sen are diverging away, signs of volatility, which also means we could see price consolidation or ranging in the next few periods. Chikou span is below the ichimoku cloud, and the forward cloud is bearish and turning south. In general, from Ichimoku charting, we can see bearish mood.

Price action is far away from the Ichimoku cloud low. We may see price activity moving north attempting to break the think cloud. Again, depends how price unfolds.

Yes there maybe some pull backs. However I see more of adding shorts and turning bull.