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 Strategies EURUSD 27-May-2013 #1

Established a long position when price action touched the ichimoku cloud low. Tenkan-sen had cut over kijun-sen, and chikou span had cut over both the tenkan-sen and kijun-sen. The forward ichimoku cloud still bearish then and thick. However, a break above the cloud will signify a good bull run.

Technical Analysis (Ichimoku Charting)

Price action has now pierced through the thick bearish ichimoku cloud, chikou span has also cut above the kumo cloud. The forward bullish cloud remains thin, and support to the price action will be a concern. This has been eased off by price itself cutting through the bearish kumo cloud.

Trading Strategies (Ichimoku Trading)

The kijun-sen seems to be providing support to the price action at 12950 on 2 previous occasions. Aggressive takers may consider long at tenkan-sen level, conservative will look at kijun-sen to establish long. Not likely to consider to go long near the kumo cloud top, as the cloud itself is thin. It may just be the turning point from bull to bear.


Singapore Ichimoku Trader Trading Forex

Ichimoku Trading Strategies USDCHF 27-May-2013 #1

Had established short position when chikou span cut below the kijun-sen. Established another at the cloud lo.

Technical Analysis (Ichimoku Charting)

Tenkan-sen has cut below kijun-sen since 27 May, coincidenty chikou span has also cut below the kijun-sen. Both the tenkan-sen and kijun-sen are in the ichimoku cloud, while chikou span remains above the ichimoku cloud. Price action is now below the ichimoku cloud lo and the forward cloud is turning negative.

Trading Strategies (Ichimoku Trading)

With the price action below the ichimoku cloud lo, it calls for a short, what is lacking is the chikou span cutting below the cloud low. With a chikou span cutting below the ichimoku cloud low, it firms up the negative environment to the price activities. Shorts may start to accumulate positions with stops above the cloud hi.

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: EURUSD forex trading since 10-Apr-2013 #5

An update from previous ichimoku blog post.

A new high had established since last ichimoku blog post.  However, price action formed a retreat after establishing new high.

Technical Analysis (Ichimoku Charting)

Tenkan-sen cut below kijun sen, and chikou span is now into the kumo cloud. Price action itself is into kumo cloud too. The forward bullish cloud is everything but encouraging due to its thinness.

Trading Strategies (Ichimoku Trading)

Stop loss level below the cloud will provide minimal risk if position on the long is established now. Short players may add on or establish position when price trades below the cloud with stop loss above the cloud. Maintaining my existing positions. Price itself will let you know if you are right or wrong. Manage the risk and let the profit grow when there is.

Singapore Ichimoku Trader Trading Forex

Ichimoku Trading Strategy: GBPUSD forex trading since 25-Mar-2013 #1

Just some trades to share with on GBPUSD.

The first trade was established on 25 March 2013. A conservative approach towards using the ichimoku charting. Both tenkan-sen and kijun sen had cut above the kumo cloud earlier, followed by the chikou span. Await price action pulled back towards kijun-sen, then established first trade.

The second trade was established after the price action reacted north direction after touching the kumo cloud low. Similarly, established near the tenkan-sen level, as price action reacted when tenkan-sen was touched.

Third trade was established more of adding on to the bullish move. Tenkan-sen pulled back to kijun sen, established another trade upon that.

Nevertheless, price action pulled back, touching the kumo cloud lo. Continued to see the price action head north upon touching the kumo cloud lo.

The current pattern is very similar to how second trade was established. May want  to look for opportunity to go long during pull back. At tenkan sen or kijun-sen? The forward cloud is thin, but changing towards a bullish cloud. With stop below the cloud, aggressively will establish when price pull back to tenkan-sen. Conservatively may want to wait till at kijun-sen.

As much as hope is there, prepare for the worse...

Singapore Ichimoku Trader

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: AUDUSD forex trading since 14-Mar-2013 #1

Continued from previous post on the long audusd.

Technical Analysis (Ichimoku Charting)

Tenkan-sen, kijun-sen and chikou span showing respective bullish positions. Price action however has traded below the kijun-sen. Nevertheless, the ichimoku cloud has formed up and relatively thick, providing support to the current bullish trend.

Trading Strategies (Ichimoku Trading)

Long players may choose to enter position for long, with stops below the kumo cloud.

Short position is not recommended, unless for fundamental reasoning.

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: 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.

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.

EURUSD Ichimoku Trading since 03-Jan-2013 #2

As mentioned on previous post, opportunities arise when below 13050. Price action accelerated downwards after the position established the day before. However, there was pulled back earlier during the US session. Established another short position.

Technical Analysis (Ichimoku)

Tenkan-sen and kijun-sen remained intact and on its way penetrating through the kumo cloud lo. Chikou span had cut through the cloud lo, but reversing back into the cloud region. Price action is now clearly below the kumo cloud lo. The Kumo ahead remains thin.

Strategy (Ichimoku)

Continue to remain cautious with the thin kumo cloud ahead. Very much is dependent on the price action activity at the thin cloud region. Any increase in position will be done gradually if there is any pull back in price action to near the kumo cloud lo.

EURUSD Ichimoku Trading since 03-Jan-2013 #1

The first trade of the year 2013!

Price action has been moving uptrend since the cross over the kumo cloud. Consolidation was formed since mid December 2012, before the break off yesterday (Probably due to the intermediate resolution to the fiscal cliff).

Technical (Ichimoku)

Tenkan-sen and kijun-sen converged and pointed downwards into the kumo cloud. Chikou span had already cut below the kijun-sen, but remains above the kumo cloud. The forward kumo cloud is getting thinner, resistance may not be strong. Price itself had penetrated into the cloud but yet form a period below the cloud lo.

Strategy (Ichimoku)

With no existing position, established a small short position just at cloud lo. Depending how the price reveals itself in the next few periods, opportunities arise between 13100-13200 or when below 13050. Stop loss level above cloud hi.

EURUSD Ichimoku Strategy since 21-Nov-2012 #7

A very happy new year. Came back from holidays yesterday night.

As per previous post, placed a stop loss below the kijun-sen. Stop loss triggered earlier today. The only difference was the stop loss level was in the mid of the kumo cloud.

As with the new year, wish every traders another prosperous year.

EURUSD Ichimoku Strategy since 21-Nov-2012 #6

Last post for the year. This is an update to the EURUSD positions established since 21 November 2012. The last post was made on 14 December after adding another position when tenkan sen cut above the jikun-sen.

The very first position was established on 21 November, when price action penetrated into the kumo cloud, with chikou span cutting above jikun sen.

Continued to established more positions as price action keep trending upwards. After Price itself established as earlier peak on 6 Dec, had took partial profit on the positions established earlier.

Thereafter, established 2 more positions, one when price traded near the kumo cloud top, the other when tenkan sen cut above jikun sen again.

Stop loss level is now adjusted to below the jikun-sen. If stop out, all positions will lock in profit pips as shown.

Once again, merry christmas & happy new year.

GBPUSD Ichimoku Trading since 21 Nov 2012

After taking profit a couple of days ago, price action made a U turn. As mentioned, planning for my exit since going for my year end holiday, all positions were stopped out for the stop loss level placed below the Jikun-sen. Good profits for all the positions built up since 21 November.

Merry Christmas and Happy New Year.

NZDUSD Ichimoku Trading Closed out

As per mentioned in earlier post on NZDUSD, will take opportunity to close out or exit NZDUSD.

Looking at the tenkan-sen meeting the jikun-sen, had taken the opportunity to exit and close out all NZDUSD position.

Technical (Ichimoku)

Tenkan-sen and Jikun-sen converging and likely to have a cross over. Chikou span is also looking to first cut the tenkan-sen. Thick kumo cloud ahead translating a strong support or resistant depending how the price action react the way forward.

Strategy (Ichimoku)

Where there are signs for short, trend remains upward as long as price action above the kumo cloud. Aggresive short bias may start establishing short position with stop loss above the highest high between now to chikou span. Another opportunity to go short is when chikou span cut below tenkan sen, follow by price action cutting below kumo cloud.

Aggresive long may start to build position now with stops loss just below the kumo cloud low. Otherwise, wait till price action above the tenkan sen.

GBPUSD Ichimoku Trading since 21 Nov 2012

An update to the positions established in GBPUSD.

Closed out the last position established on 12 December. It was established when Tenkan Sen cut above the Jikun-Sen as mentioned in the earlier ichimoku trading post.

It is likely to plan for exit strategy for the remaining positions as I will be going for my year end holiday.