Ichimoku Trading Strategy for Forex Trading 23 Jul 2014 #1

Established a position yesterday with half the risk.

Price action moved below gradually to below the ichimoku cloud, with tenkan-sen below kijun-sen, and chikou span cutting below the ichimoku cloud. the forward cloud in a bearish mood, but thin.

Stop loss level above the kumo cloud as usual.

Will see how price unfolds itself.

Ichimoku Trading Strategy for Forex Trading 03 Jul 2014 #4

The two positions established were stopped out. The fortunate thing that can happen for these trades were minimum risk allocated.

Aggressive sellers established the position as per previous post were be in relatively comfort zone at the moment. Chikou span has cut below the ichimoku cloud lo, reflecting the bearish mood.

Price action itself may be in for a wild move prior to consolidation in a range move looking at tenkan sen and kijun sen. Looking at the price action at a distant away from the kumo cloud, to square off some for profit maybe an option, and to reestablish later as price moves closer to the ichimoku cloud.

Ichimoku Trading Strategy for Forex Trading 03 Jul 2014 #3

Another position has been added as mentioned in previous post.

Price action made an uptrend there after, storming through the ichimoku cloud, but unable to break through the ichimoku cloud hi.

Tenkan-sen and kijun-sen are now converging towards each other, and tenkan-sen may be cutting above the kijun-sen. These actions are now happening in the ichimoku cloud.

Chikou span is touching the cloud lo, a thin cloud, which may be of a concern.

Price action now is below the cloud lo. The concern now increases as compared to the post made previously, mainly due to the thin support at chikou span. Understanding the mechanics behind the ichimoku charting, it simply means the current price action is challenging the trades (longs/shorts) made in the past periods.

Ichimoku Strategy ahead: Stop loss level has been raised. While bull may stand a chance, the same applies to the bear. Aggressive sellers may want to start positioning themselves. New bull entrants may want to see tenkan-sen cutting above kijun-sen with price action above them.

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Ichimoku Trading Strategy for Forex Trading 03 Jul 2014 #1

Price action has retraced quite a distant away from the high itself established some days ago.

Tenkan-sen, kijun-sen and chikou span remain above the kumo cloud. Tenkan-sen and kijun sen are converging towards each other, reflecting the volatility will be diminished in the periods ahead.

Chikou span is approaching tenkan-sen from the high, a sign to reflect sellers are gaining strength, and buyers are moving away to buy at such high price level above the tenkan-sen. 13600 level may be the battle ground between buyer and seller.

Price action bounced of the kumo cloud hi, and the kumo cloud remains thick ahead, providing the support needed for a bullish trend.

Ichimoku Trading Strategy ahead: May look to add long position between 13600-13620 with stop loss below the kumo cloud lo. Took minimum risk during this period, till price action reveals itself in the days ahead.

Ichimoku Trading Strategies 12-June 2014 #3

Price action met some resistance at level 13652 mentioned in the earlier post, but the resistance was short-live. Price action continued the move to 13700, it took quite awhile before 13700 was broken.

Profit level hit.

All ichimoku indicators were showing bullish signs. Tenkan-sen above kijun-sen, and chikou span above the tenkan-sen & kijun-sen 26 periods behind. And the kumo cloud is bullish and uptrend.

The concern in this bullish mood is probably the exhaustion of this price action, reflected by the widening gap between tenkan-sen and kijun-sen. and the price action activity away from the kumo cloud.

Ichimoku Strategy ahead, can look to build up position at tenkan-sen, kijun-sen level or even at cloud hi, depending how the price action reveals itself.

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Ichimoku Trading Strategies 12-June 2014 #2

It has bee quite some time since the last post.

Price action has been quite choppy during the past couple of periods, moving in and out of the kumo cloud.

Tenkan-sen, kijun-sen, chikou span have all cut above the kumo cloud, and the forward kumo cloud has just turn bullish and growing in thickness providing the support required for a bullish trend.

Price level 13652 would be a pivot point, or an important level to look at. That is the level where the current chikou span is below now.

Stop loss has been adjusted to protect the position.

Ichimoku Trading Strategies 12-June 2014 #1

Work had been very busy for the past few weeks. It will also be busy in the coming few weeks.

Have not been trading since the last stopped out. However, manage to put in a trade couple of days ago.

The trade was taken with forward thin kumo cloud. It was bullish followed by bearish thin kumo cloud. Locked in the trade as price cut across tenkan-sen. with stop below 13500 then.

Price is now above the kumo cloud, and tenkan-sen has also cut above the kijun-sen. Chikou span has also cut above tenkan-sen and kijun-sen. However, none of the lines is above the kumo cloud.

The forward cloud, bearish, but thin. After a long trend down, there may be chance for a trend change.

Indicator will come from chikou span cutting above kumo cloud hi, looking at above 13660 level.

I have put in target profit level according to my risk management. Will also look for opportunity to add in position if any.

Ichimoku Trading Strategies 23-April 2014 #3

It has been quite some time since the last post. The position established was stopped out.

08 May saw a sharp reversal followed by price action breaking through the thin kumo cloud.

No position was established due to the bullish kumo cloud, thin though.

Price action continued to trend lower then.

The current tenkan-sen is below kijun-sen, but converging in. Price action remains a distant away from the kumo cloud low, thick kumo cloud to be specific. Kumo continues to indicate bearish mode ahead, and with strong resistance to the trend change.

The risk now is high. Remain side line.

Ichimoku Trading Strategies 23-April 2014 #2

It has been quite some time since I last updated the blog about the existing trade.

Looking back now, price action has been trading in range between the 2 white horizontal lines shown. Price action traded into the kumo cloud, but seem to be supported by the bullish cloud range, decided to make the way up north.

Tenkan-sen remains above the kijun-sen, and chikou span is also above the past 26 period trading ranges. However, the forward kumo cloud is a concern. Thin upward bullish kumo cloud.

The stop loss level will be adjusted to below the cloud. A profit taking level set at 2 times the risk as per current situation.

Depending how the price action unfolds, will trade accordingly.

Ichimoku Trading Strategies 31-March 2014 #4

Was stopped out last week.

Price has now retraced back to kumo cloud hi level, with forward cloud looking bullish.

While tenkan-sen is above kijun-sen, chikou span has already cut below the kumo cloud lo. A worrying sign.

Remain without position.

Ichimoku Trading Strategies 31-March 2014 #3

Apparently the bearish mood mentioned in previous post has not sustained.

Price action climbed upwards in the last few periods and now into the kumo cloud.

Tenkan sen already cut above the kijun-sen, and chikou span is now above tenkan-sen and kijun-sen that are 26 periods earlier. The comforting portion, all three are below the kumo cloud. However, the forward kumo cloud seems to have a change from bearish to bullish mood.

Trade plan ahead: Add more position if price action returns below kumo cloud lo, and at level around kijun-sen; prepare to reduce or exit when price action goes above the kumo cloud hi; await to be stopped out.

Ichimoku Trading Strategies 31-March 2014 #2

Price action has trended lower in the last couple of days since the position was established.

Tenkan-sen has now re-cut below kijun-sen while below the kumo cloud and chikou span continued to trend lower because of the current price action. Chikou span has reflected, despite price action being higher previously, is now at the low region, it shows the weakness of the bulls above the chikou span.

The forward kumo cloud, being bearish, also trending lower, and thicker.

Continue to see a bearish mood ahead, and if opportunity arises, may continue to add in short position.

Ichimoku Trading Strategies 31-March 2014 #1

Established a new position.

Price action has traded below the kumo cloud recently, coupled with tenkan-sen, kijun-sen and chikou span cutting below the kumo lo. Divergence between the tenkan-sen and kijun-sen reflected increased in volatility in the price action itself.

While price action remains below the kumo lo, it retraces to kijun-sen level. Sufficient strength in price action is required to have the chikou-span cut above the kumo hi. Forward kumo reflected bearish mode and moved lower.

Position is therefore established with stop loss above kumo high, a distant away. Overall risk for this trade in this portfolio remains @ 2%.

Ichimoku Trading Strategies 26-February 2014 #5

Finally, the positions were stopped out and closed.

Looking back, the overall risk initiated for the positions was 2%, and the reward was 4%, it could have been better if it was exited when it hit 6% and more. Again, that is "if"

There is not any other positions. Looking forward to established some in the coming days.

Ichimoku Trading Strategies 26-February 2014 #4

It has been quite some time since I last updated. I was away for a holiday in Europe.

Back to the positions established some time ago, I am still holding to the positions. Well, price action has now penetrated through the cloud, hoovering below the cloud lo. Tenkan-sen has cut below kujun-sen and below the kumo cloud, while kijun-sen remains in the cloud. Chikou span has yet cut below the cloud lo.

Stop loss has now been shifted to cover the positions.

What's next?

Well, I can square off the positions to take profit, which I choose not to, because I am really into "long term" trading.

The next few periods will be critical. As simply as what can happen; price goes lower, price hoovers around this range or price goes up.

I remain optimistic, and look forward to price going up, and will look to enter more position if price action goes above the cloud hi.

Of course, if price goes down, I will be stopped out, and should price hoovers around the range, I may square off all the positions.

Again, it all depends how price action unfolds, what matters most is knowing what to do when it happens.

Ichimoku Trading Strategies 26-February 2014 #3

As discussed previously, added another position near the cloud hi. Price action had gone in the direction of the trades.

The overall risk is 2% of the portfolio. The current reward is approximately 2.8 times the risk. It could have been 3 times if price action is trading near the high for the period.

Squared off 50% of the positions.

While the price action is bullish, with tenkan-sen, kijun-sen and chikou span above the kumo cloud, it should be noted the forward kumo cloud is thin, which has been noted in the previous post.

Stop loss level will be adjusted to reduce the overall risk of the positions.

Depending how the price action unfolds itself, to approach in a conservative manner.

Ichimoku Trading Strategies 26-February 2014 #2

Almost a week since last post.

Price action continued the upward trend sharply after coming into the kumo cloud. It now continues to retreat back to where the kumo cloud hi is.

Tenkan-sen remains above ki-jun sen, and in a converging manner. This usually indicates volatility of the price action decreases.  Chikou span, cutting below the jikun-sen for few periods, recovers to stay above kijun-sen there after. The three lines remain above the Kumo cloud, show signs of the bullishness in the price activity.

However, it is of concern that the forward kumo cloud getting thinner. Support of the bullish trend ahead may diminish. A change of mood may occur should the bullish cloud turn bearish.

Position was added earlier. The view is the bullish cloud support now dictates the current trend. While moving forward, it may be wise to square off some profits. Overall stop loss level has also been adjusted to maintain risk allowance.

Ichimoku Trading Strategies EURUSD 02-Jan-2014 #2

It has been quite some time since the last post. Price action has remained in a predictive mode, below the kumo cloud till the last couple of period, with a strong trending upwards.

The position remains, with stop loss adjusted lower, above recent high.

From ichimoku perspective, price action penetrated above the cloud, but remains to be seen if it is sustainable. This is qualified by kijun-sen remain below/in the cloud, though tenkan sen has cut above the kijun-sen. Chikou span, an important trend change indicator, has not yet cut above the cloud hi.While the forward cloud changes to bullish, it is a thin bullish cloud, and the cloud hi support is a valley ahead.

Stop loss level adjusted lower as such.

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Ichimoku Trading Strategies EURUSD 02-Jan-2014 #1

The very first post for 2014.  Executed a trade a couple of days ago.

Price action had been trending upwards in a very gentle manner, cutting below the kumo cloud during mid December 2013.

Price action cut below the kumo cloud again, with tenkan-sen and kijun-sen showing signs of diverting. Chikou span also about to cut below the kumo cloud then.

Position remains open with stop loss about the kumo cloud high.

Ichimoku Trading Strategies EURUSD 31-Oct-2013 #1

A new trading position established for the EURUSD couple of days back. At the time of establishing the position, price action had a sharp penetration through the ichimoku cloud in one period. Tenkan-sen just went below the kijun-sen, but remained above the ichimoku cloud. Chikou span just cut below the kijun-sen, also above the ichimoku cloud. The forward cloud was thicked, though "bullish". When price action went below the thick "bullish" cloud, it probably meant something. The trade was in then.

Looking forward, a lot of "space" for the price activity below the kumo cloud. Unlikely to see a bullish price action for the next few days unless there is sufficient fundamental change.