Wednesday, December 5, 2012

GBPUSD Ichimoku Trading

























Sharing some trades for GBPUSD.

The very first position was taken when price action started to penetrate into the kumo cloud. During then, tenkan-sen had cross over the jikun-sen, and chikou span had cross over the tenkan-sen. Based on these two early signals from the ichimoku strategies, with price piercing through the kumo cloud, long one position.

The second trade was a conservative approach. Tenkan-sen above the Jikun-sen, chikou span above jikun-sen and above the kumo cloud, and price action penetrating above the top of the kumo cloud. Established the second position.

The third and last trade as of now, was established when price action touching the top of kumo cloud. This was add on to the long positions.

Stop loss level below the kumo cloud.

Depending how price action reveals, will react accordingly.


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