Monday, January 14, 2013

EURUSD Ichimoku Trading since 03-Jan-2013 #4
























Not the best way to start off the new year.

This is continued from previous post.

All positions stopped out.

Technical Analysis (Ichimoku Charting)

Tenkan sen is above the kijun sen and diverging away. Chikou span is above the kumo cloud. Forward cloud is moving upwards but remains relatively thin.

Trading Strategy (Ichimoku Trading)

The move upward  by the price action was rapid. If consider going long, would probably start establish position when tenkan-sen converge towards kijun-sen.

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