Ichimoku Trading Strategies NZDUSD 04 Sep 2013 #1

A trade executed few days ago on 04 Sep 2013 for NZDUSD.

At the time when the trade was executed, price action went into the ichimoku cloud from the cloud low. Tenkan-sen cut above the kijun-sen and chikou-span about to cut above the kijun-sen, coupled with a thick forward cloud.

Current price action above the ichimoku cloud, thick, meaning a strong support to the price action above the cloud. It will take more than just news to reverse the price action.

One may consider to add on more position with risk below the cloud lo.

Ichimoku Trading Strategies EURUSD 16 July 2013 #3

This was an update to the existing positions. Unfortunately, price action did a sharp reversal. Stopped out all positions with minimal loss. One and half month wasted.

Ichimoku Trading Strategies AUDUSD 16-July-2013 #4

Not a very good way to end the month with. Was stopped out in the AUDUSD as seen from the chart. A sharp reversal in the price action piercing from above the ichimoku cloud to below the ichimoku cloud.

Ichimoku Trading Strategies AUDUSD 16-July-2013 #1

Established a long position in AUDUSD. This is based on the price action above the ichimoku cloud ONLY.

The position is established based on reduce risk in terms of sizing.

Technical analysis (Ichimoku Charting)

Tenkan-sen has yet to cut to kijun-sen, and chikou span is still below the kumo cloud lo, though it has now cut above the tenkan-sen and kijun-sen. The forward cloud has yet turned positive either. Except the price action and chikou span above both the tenkan-sen and kijun-sen, the remaining indicators from ichimoku charting has yet firmed up a bull call signal.

Trading Strategies (Ichimoku Trading)

Long position may be established or may start to be established. Sizing may be increased gradually as more confirmation signals from ichimoku charting itself. May look out for tenkan-sen above kijun sen, forward cloud turning bullish, and chikou span cutting above kumo cloud hi.

Singapore Ichimoku Trader

Ichimoku Trading Strategies for Forex USDJPY 27-Jun-2013 #6

Exit all positions as price action entered into the ichimoku cloud. Currently all flat.

Singapore Forex Trader

Intra-day Trade using Ichimoku Trading Strategies 09 Jul 2013

Did an intra-day trade earlier. Decided to blog on it.

The general set up is using ichimoku charting.

The first entry was short. It was established while price near the kijun-sen. It was an active set up, anticipating that price action will be moving. Unfortunately, not much movement, position was closed out.

The second entry was more of a reactive entry, as price action began to move. Profit level set up.

Profit target hit shortly after (Partial closed out)

Exit remaining position shortly after.

General Principle:

• Sell if price action is below the ichimoku cloud.
• Close out as tenkan sen and kijun sen diverge out.

Ichimoku Trading Strategies for Forex USDJPY 27-Jun-2013 #4

Continued with the USDJPY ichimoku blog. Added position to the current trend.

A recap: First established on 27-Jun @ 98.33, closed out partial for profit taking @ 99.45, now adds position @ 100.88

Technical Analysis (Ichimoku Charting) 

All ichimoku indicators are in bullish mode. More important, chikou span break new high for its own 26 periods lagging.

Trading Strategies (Ichimoku Trading)

Looking to long only. Current level, with stop loss below ichimoku cloud. Depending how price action unveils, will adjust accordingly

Singapore Forex Trader

Ichimoku Trading Strategies for Forex USDJPY 27-Jun-2013 #2

Continued from previous ichimoku blog on this trade.

Price action has a good run up. Will see how the price action reveals itself.

Technical Analysis (Ichimoku Charting)

All ichimoku charting indicators are in bullish mode. A bullish trend till it changes

Trading Strategies (Ichimoku Trading)

Tenkan-sen maybe a good level to go for long entry. Stop loss remains below the cloud lo

Singapore Forex Trader

Ichimoku Trading Strategies for Forex NZDUSD & USDCAD stop out

An update from previous NZDUSD blog post and USDCAD blog post. All positions in the NZDUSD and USDCAD had been stopped out. No new positions established for the 2 pairs above.

Fundamentally, indexes, metals, energy and currencies reacted to the event earlier this week by the Fed. Price action in the underlying reflected accordingly.

Still holding positions in EUR, YEN and CHF. Trade according to plan.

Singapore Forex Ichimoku Trader

Ichimoku Trading Strategies for Forex USDJPY 27-May-2013 #2

Continued from previous forex blog. Unfortunately could not wait till 14-15 Jun to assess the price action then. Since the last post, price action had a major pull back above the the kijun-sen. Added another short positions. There is now good profit to be taken, probably the question is at what level?

Technical Analysis (Ichimoku Charting)

All indicators from the ichimoku itself indicate bearish outlook. There is not bullish signal near term. The only weakest link in the bearish mood is the thin kumo cloud ahead.

Forex Trading Strategies (Ichimoku Trading)

It is better to take a conservative approach to establish new short position when price action is near the kijun-sen level with stop loss above the ichimoku cloud hi.

Singapore Forex Ichimoku Trader

Ichimoku Trading Strategies USDJPY 27-May-2013 #1

Established a short position when the price action went into the ichimoku cloud, supported by the tenkan sen cutting below the kijun-sen, and chikou span approaching to cut the kijun-sen (it actually retraced upwards there after). Price action never really went above the ichimoku cloud, it came south, breaking the cloud lo, followed by chikou span cutting below cloud lo. Currently with go profit 400 pips ++.

Technical Analysis (Ichimoku Charting)

The downward move is gaining momentum, all indicators from the ichimoku indicated bear move now. The gap between the tenkan-sen and kijun-sen could signify further expansion of price action forthcoming. The forward bearish cloud has turned south sharply, providing the resistance needed. A thick cloud would be preferred though.

Trading Strategies (Ichimoku Trading)

Aggressive short to establish near the tenkan-sen, with stop loss above cloud. A wide stop, reduce the lot size to manage the risk. Or hold till 14-15 Jun to assess the price activity then.

Singapore Ichimoku Trader

Ichimoku Trading Strategy: EURUSD & GBPUSD

EURUSD

GBPUSD

Both the EURUSD and GBPUSD positions were stopped out. Prices penetrated below the kumo cloud, with chikou span cutting below the kumo cloud too.

Unfruitful past 1.5 months.

Awaiting to hop on again.

Ichimoku Trading Strategy: AUDUSD forex trading since 14-Mar-2013 #2

An update from previous ichimoku post for AUDUSD.

Long positions were stopped out for AUDUSD as price action touched the kumo cloud lo.

Technical Analysis (Ichimoku Charting)

Tenkan sen has not cut below the Kijun-sen. However, chikou span has already cut below tenkan-sen and kijun-sen 26 periods back. Kumo cloud ahead is getting thinner which can work both way for the bulls and bears. Price action is now near the ichimoku cloud lo.

Trading Strategies (Ichinoku Trading)

The thin kumo cloud provides neither support or resistance to the price action forward. An upward trend cloud suggesting on the bullish. Nevertheless, chikou span gave an indication about the trading activities between now and 26 period back. It can be seen bullishness in the past 26 periods has been diminished by the sharp drop of price action.

Stay out till after 24 Apr.

Aggressive trader may want to look at short with stop over the cloud hi.

Conservative trader may consider going long when price goes above 10450.

Singapore Ichimoku Trader

Ichimoku Trading Strategy: EURUSD forex trading since 09-Feb-2013 #1

These positions remain open. Just for sharing purpose.

On 9 Feb, decided to establish an aggressive position in EURUSD by going short while price action above the kumo cloud.

It was based on tenkan sen below kijun sen, chikou span on kijun-sen, and price action below kijun-sen, and entry established near the kumo cloud hi.

On 25 Feb, added another short position in EURUSD.

A typical entry, awaiting the chikou span cutting below the kumo cloud lo, and near the kijun-sen.

Price has been trending lower. The kumo cloud ahead is thin. There might not be resistance in the price action, and trend could be choppy going forward.

Singapore Ichimoku Trader

Ichimoku Trading Strategy: AUDUSD forex trading since 24-Jan-2013 #6

It has been quite some time since I last posted. I was busy relocating to my new home.

Continue from the last ichimoku audusd post.

I have squared off another position with some profit as can be seen on the up blue triangle. Current left with one open position, with stop loss at the red line level.

Technical Analysis (Ichimoku Charting)

Tenkan-sen is above the kijun-sen, and chikou span as cut above both the tenkan-sen and kijun-sen. And all remain below the ichimoku cloud. Price action itself has already cut above the ichimoku cloud though. The forward ichimoku cloud is thin, while it can provide support to the price action activities ahead. After such a quick strong trend dowards, a chikou span above the ichimoku cloud would be a more convincing trend change.

Trading Strategies (Ichimoku Trading)

Aggressive traders may choose to go long with stop loss below the ichimoku cloud. Similarly, for those with a view to go short, may consider to go short now, with stop loss near the red line level or a money stop loss

Else, for long traders, look out for chikou span cutting above the ichimoku cloud. For short traders, await for price action to go below the ichimoku cloud again.


Singapore Ichimoku Trader

Ichimoku Trading Strategy: AUDUSD forex trading since 24-Jan-2013 #5

An update from previous ichimoku post.

After establishing the last short position on 21 Feb, price action did a reversal, touched the ichimoku cloud lo. It did not manage to penetrate through the cloud. Price continued to trend downwards to the target price level 10200. Will close out some position to lock in profit after this post.

Technical Analysis (Ichimoku Charting)

Tenkan sen, Kijun sen and Chikou span are all in line in bearish formation, very much a reflection of the downward trend of the price action. It is not likely to see a trend change in the near term. The forward ichimoku cloud in downward direction and remain relatively thick, providing resistance to the price action..

Trading Strategies (Ichimoku Trading)

Do not recommend long. Any long will be looking at price action proving that a trend change emerging, that only when price action is between between 10280-10360 in near term.

Look for short when price action reverse back to near Kijun sen, with stop loss above the ichimoku cloud hi.

Singapore Ichimoku Trader.

Ichimoku Trading Strategy: USDJPY forex trading since 09-Jan-2013 #2

Update from previous post. All long positions stopped out with minimal profit.

Technical Analysis (Ichimoku Charting)

Price action had went below the ichimoku cloud lo, but bounced back into the kumo region. Tenkan-sen inline with kijun-sen, and chikou span had cut below the kijun-sen. None of the lines is below the ichimoku cloud. The forward cloud is beginning to show signs of change, awaiting further confirmation from the kumo cloud itself.

Ichimoku Trading Strategies

A change in trend will only be considered when chikou span cut below the ichimoku cloud. If not, still favour a long when should the price action emerge out from the ichimoku cloud hi.

Aggressive taker can choose to go long or short now while price is in the kumo region, with stop loss at the other end of the cloud.

Singapore Ichimoku Trader

Ichimoku Trading Strategy: AUDUSD forex trading since 24-Jan-2013 #4

Established another short position earlier. Since last post, price action moved towards the ichimoku cloud lo and did not proceed further.

Technical Analysis (Ichimoku Charting)

Tenkan-sen is above the kijun-sen, and both below the ichimoku cloud. Trend continues to be bearish. Chikou span has not cut above the tenkan-sen or kijun-sen. This further enhanced the bearishness of the price action. The kumo continued to remain thick, providing strong resistance to the price action ahead.

Trading Strategies (Ichimoku Trading)

Long is not recommended. If persist on going long, will only consider when price action goes above 10320. And the next level to really give it a thought will be 1.0340.

Continue to look for opportunities to short, with stop loss above the kumo cloud high. Target level will be 10200.


Singapore Ichimoku Trader

Ichimoku Trading Strategy: AUDUSD forex trading since 24-Jan-2013 #3

Established another short position on 13 Feb when price action touched kijun-sen. Currently holding 3 short positions at 1.0464, 1.0396 & 1.0340.

Technical Analysis (Ichimoku Charting)

Tenkan-sen and Kijun-sen converging towards each other below the ichimoku cloud.Chikou span failed to break the 26 periods high looking forward. The kumo cloud is thick for the periods ahead providing the resistance to the price action.

Trading Strategies (Ichimoku Trading)

The trend continues its downward movement. Price action needs to break above ichimoku cloud @ 1.0400 level for a change in trend direction. While it is not impossible, it is not likely till price action proves it itself. Entry for short may consider current with stop at above the kumo cloud, or may choose conservative entry near the kumo cloud low. Entry for long would only be considered when 1.0380 is breached and actual entry would only be consider when price action break 1.0400.

Ichimoku Trading Strategy: USDJPY forex trading since 09-Jan-2013 #1

This is the first write up for the USDJPY trades. 2 long positions were established last month, another just established earlier.

Technical Analysis (Ichimoku Charting)

USDJPY has been trending upwards since last October. The price action has been trending well with all the ichimoku indicators. It had only touched the cloud lo some time last November. Other times it has been well supported by the kijun-sen. The ichimoku cloud remains constantly thick forward looking, continue to see support from the ichimoku cloud to the price action.

Trading Strategy (Ichimoku Trading)

Decided to establish another long position since price action reacted when it touched the kijun-sen in the recent move. Until  price reveals itself accordingly, will not recommend short.