Ichimoku Trading Strategies EURUSD 16 July 2013 #2

An update from previous ichimoku blog post.

Am still holding on to the position. Thin ichimoku cloud ahead raises concerns to the supporting strength for the price action. The current new high is pleasing though.

Singapore Ichimoku Trader

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 #3

Coming to the end of the week, it's weekend tomorrow!

Price action gave a scare this week, touching and cutting through cloud lo, and rebounded back above the cloud. Also mentioned previously was the level 9300, it continued to be a resistance level for the price action to break through. Added another long position near the kijun-sen.

Technical Analysis (Ichimoku Charting)

Tenkan-sen is currently below the kijun-sen, while the price action and chikou-span remain above. The forward ichimoku cloud reflecting thickness, indicating the support level is building up as price moves forward. The rebounding of price action after touch ichimoku cloud low also indicates long buyers are coming in.

Trading Strategies (Ichimoku Trading)

Establish long with stop loss below cloud. Stop in traders may consider level above 9300.

Singapore Forex Trader

Ichimoku Trading Strategies AUDUSD 16-July-2013 #2

We continued our update from the previous ichimoku blog post.

Established another position as tenkan-sen cut above kijun-sen a couple of periods back.Stop loss level remains below the kumo cloud. It was about the same time the kumo cloud turned bullish.

Technical Analysis (Ichimoku Charting)

Looking ahead, it would be desirable that kijun sen and chikou span cut about the kumo cloud. As chikou span still below the recent high @ 9300 level, that would be a level to watch out for.

Trading Strategies (Ichimoku Trading)

May continue to establish long as the price unveils with stop loss below cloud lo level. Watch out for reaction at around 9300 level.

Singapore Ichimoku Trader

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 #5

Square off partial position for profit taking the day before, remaining positions remain open.

Technical Analysis (Ichimoku Charting)

Price action came south hard, piercing through both tenkan-sen and kijun sen, and it has brought tenkan sen cutting below kijun-sen soon. Chikou span is now hoovering above tenkan-sen, and may look to cut below tenkan-sen and kijun-sen soon. The ichimoku cloud remains thick looking forward, and look to provide good support to the price action.

Trading Strategies (Ichimoku Trading)

General view remains bullish. Very much is dependent on the price action itself. Current level or cloud top level will be levels to look at to establish long with stop below cloud lo. Short is not really recommended at such stages.

(On a side note, some meeting later today may have big influence to the price action, not of a concern here though)

Singapore Forex Trader

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 #3

Price action made a dramatic move southward after the ichimoku blog yesterday.

Partial profit has been taken, with remaining positions have stopped loss below the ichimoku cloud.

Trading Strategies (Ichimoku Trading)

Remain bullish with remaining long positions. Continue to look for opportunity to establish long position. Tenkan-sen and Kijun-sen remain levels to be watch out. Will see how the price action unfolds. Stop loss remains below the cloud lo.

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 USDJPY 27-Jun-2013 #1

After existing previous short positions, established new long position in USDJPY. Tenkan-sen has cut above kijun-sen, and the forward cloud already turned bullish. Kijun-sen and chikou span remained in the ichimoku cloud, however, that did not really hinder the long position to be established.

Technical Analysis (Ichimoku Charting)

More confirmation signals from ichimoku charting itself, with both chikou span and kijun-sen out of the kumo cloud. It is now a bullish trend.

Trading Strategies (Ichimoku Trading)

Good to establish long position if one has not done so, with stop loss below cloud lo. Do not recommend short. And if preferred short, will be at least when price itself cut below kijun-sen, though it is still a bull call with price action above the kumo cloud.

Singapore Forex Trader

Ichimoku Trading Strategies for Forex EURUSD/USDCHF Stopped out USDJPY Closed out

EURUSD

USDCHF

USDJPY





Both EURUSD and USDCHF stopped out. USDJPY closed out.

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 NZDUSD 14-Jun-2013 #2

Continued from previous ichimoku blog post. Established another long position at the cloud lo. Stop loss level remains the same.

Technical Analysis (Ichimoku Charting)

Price action pulled back after the long position established few days ago, going into the ichimoku cloud low level. Tenkan sen is above the kijun sen and above the cloud hi, whereas kijun sen is still below cloud lo. Chikou span while above the tenkan-sen and kijun-sen, remains below the ichimoku cloud lo. The forward Ichimoku cloud remains bullish, and it gets thinner.

While another school of thoughts will probably looking to sell when price action below the ichimoku cloud lo,  it can be, if ignoring the other ichimoku indicators.

Price action itself took major strength to for a reversal from the recent low, resulting tenkan-sen cutting above kijun-sen, price action above the cloud hi, chikou span cutting above tenkan-sen and kijun sen, and the bearish cloud to bullish cloud.

The threat for an emerging bearish sign will be considered when tenkan-sen below the kijun-sen.

Forex Trading Strategies (Ichimoku Trading)

Remain conservative, establish long position with stop loss below lowest cloud lo level forward. If tenkan-sen cut below kijun-sen, prepare for exit strategy.

Alternative school of thoughts can consider going short below cloud low with stop loss above cloud high.

Singapore Forex Ichimoku Trader

Ichimoku Trading Strategies for Forex NZDUSD 14-Jun-2013 #1

Established a new position in NZDUSD.

Technical Analysis (Ichimoku Charting)

Tenkan-sen cut over the kijun sen while below the ichimoku cloud. Chikou span has also cut above the tenkan-sen and kijun sen. The forward bearish cloud is turning bullish. More important, price action is cutting above the ichimoku cloud.

Forex Trading Strategies (Ichimoku Trading)

Established long position, with stop loss below the cloud lo(west). Things to note ahead will be chikou span cutting above the ichimoku cloud and price action maintaining above cloud hi.

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 for Forex USDCHF 27-May-2013 #2

Continued from previous forex blog. Price action started to drifted lower since the last blog for USDCHF. Added another position when the price action pulled back to kijun-sen.

Forex Technical Analysis (Ichimoku Charting)

Tenkan-sen, kijun-sen and chikou span are all in the bearish territory. Together with the forward bearish kumo cloud, it provides strong resistance to the price action.

Forex Trading Strategies (Ichimoku Trading)

Kijun-sen or the cloud lo are favorable positions to add on more shorts with stop loss above the 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 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 Strategies USDCAD 14 May 2013 #2

Exit all positions in USDCAD. This is a specific closed out, not a technical exit.

Looking to establish new positions for the portfolio again.