AUDUSD Ichimoku Forex Trading Strategies 29 Jul 2014 #04

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This is a follow up on the AUSUSD position established on 29 Jul 2014.

Price action has been trading below the ichimoku cloud for the past weeks.

All ichimoku charting indicators reveal bearish, with the exception of tenkan-sen showing the first sign of bullishness by trading above the kijun-sen. Price action has also traded above the kijun-sen.

Looking ahead, the kumo cloud is getting thin, though the current cloud remains thick which could provide the resistance to the price action from turning bull. Also note that Chikou span is above to cut above the tenkan-sen and kijun sen. This could be the very first sign to indicate the start of a bullish trend.

I have shifted my stop loss level lower, and have closed some position in the short.

Again, this is my view. Traders who favor short may find this is good opportunity to add short with stop loss above the ichimoku cloud high.

GBPUSD Ichimoku Forex Trading Strategies 23 Jul 2014 #4

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This is a follow up forex blog on the GBPUSD position established on 23 Jul 2014.

Position had been established at where the yellow circle being marked.

Partial positions had been square off at where the red circles being marked.

And the position had been closed out earlier today.

Will look for new opportunity.

EURUSD Intra-day Ichimoku Best Forex Trading Strategy 07-Aug-2014

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So today I am going to share a trade I did yesterday.

Looking at the yellow oval region, it is not difficult to see the volatility of forex trading.

I have place a stop-in short below the recent low as everything sit in nicely, with the exception of the chikou span, where were in the middle of the cloud.

Volatile price action soon after, you could see the short position being stopped out as the price action crossed above the ichimoku cloud.

What was more devastating, the price action made a reversal, crossed below the ichimoku cloud low.

The most challenging part of this trade was the psychology then. Not easy to placed that short position in again as you could see the area mark blue circle.

The important thing then is to look at the ichimoku-chart AGAIN. Chikou span is going to cross the ichimoku cloud lo. As I always said, the chikou span crossed below the ichimoku cloud add confidence to the trade. The challenge is always on the psychology.

I did pull my trigger, added a short position.

As I waited out, it was a winning trade.

I only managed to recover 75% of the loss from the earlier trade.

Cheers

AUDUSD Ichimoku Forex Trading Strategies 29 Jul 2014 #03

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Best Ichimoku Trading Strategy!

This short position was established end of last month, while the price action was still in the cloud. Price action has now moved below the cloud and sharply down in the recent move.

Tenkan-sen almost crossed above the kijun-sen but failed so. Chikou span remains below the ichimoku cloud and the forward cloud remains bearish, providing strong resistance to the uptrend of the price action if any.

Remain bearish, and await opportunity to go short if any.

NZDUSD Intra-day Winning Ichimoku Forex Trading Strategy 05-Aug-2014

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Another winning ichimoku trading strategies.

Before coming to that, I have to say I missed out the trade for EURUSD, damm it. Was busy with work that I forgotten to look at the trade set available.

Nevertheless, coming back to the forex trade on the NZDUSD. Looking at the ichimoku charting then, tenkan-sen already crossed over kijun-sen, and kijun-sen crossed below the ichimoku cloud low. Chikou span had also crossed below the ichimoku cloud low. Made a market short then, closed out the position as time getting late.

One of the best forex strategies for trading: Ichimoku.

GBPUSD Ichimoku Forex Trading Strategies 23 Jul 2014 #3

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A follow up for the position established last month. You may find the earlier post forex blog post on this trade by clicking here and here.

So I had made partial closing off earlier, anticipating that the price will be trending towards the bottom side of the ichimoku cloud. It didn't happen.

Price action continued to trend lower and so NICELY.

I have closed out another partial position. My target profit level is 16680.

Looking forward, I am looking to add on more short positions.

Will see how price action reveals itself.

EURUSD Intra-day Ichimoku Best Forex Trading Strategy 01-Augl-2014

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Welcome back to another winning trading system using ichimoku charting. It is one of the best forex trading system.

Let's take a look at the ichimoku charting on the EURUSD. Price action has been ranging for the past few hours, trading up and down the ichimoku cloud. There seem to be some direction forming at 1600h, but price action turned up north again.

So that's what had happened earlier as I turned on the screen. Tenkan-sen cross over kijun-sen and both lines cut above the ichimoku cloud. More important, chikou span cut above the ichimoku cloud too! We are also seeing the forward cloud turning thin and positive, becoming a bullish cloud.

That said, price action traded above the cloud, and retracing back towards kijun-sen.

A good trade set up for forex trader, and so a long position was established, with stop loss below the cloud level.

2030h must be exciting for many. It is the same for me. However, as a forex trader, one got to be discipline. It is not my style to do anything in such chaos situation. Stop loss already in, if its stop out, its just another losing trade for forex trading.

What is more important is to follow the ichimoku forex trading strategy. I did have target profit area at above 50s, it did not hit unfortunately.

And it is getting late at this part of the world, and I decided to exit the trade, with good profit.

Ichimoku Forex Trader

AUDUSD Ichimoku Forex Trading Strategies 29 Jul 2014 #02

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Another Winning Ichimoku Forex Trading Strategy.

In case you missed the forex blog on 29 Jul 2014, a quick recap now.

Short position has been established in the AUDUSD. A chosen position while the price action was in the cloud.

So what's next?

Tenkan-sen and kijun-sen are diverging away, signs of volatility, which also means we could see price consolidation or ranging in the next few periods. Chikou span is below the ichimoku cloud, and the forward cloud is bearish and turning south. In general, from Ichimoku charting, we can see bearish mood.

Price action is far away from the Ichimoku cloud low. We may see price activity moving north attempting to break the think cloud. Again, depends how price unfolds.

Yes there maybe some pull backs. However I see more of adding shorts and turning bull.

EURUSD Intra-day Winning Ichimoku Forex Trading Strategy 30-Jul-2014

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Another Winning Ichimoku Forex Trading Strategy

Let's take a quick review on ichimoku forex trading strategy on the ichimoku charting.

Tenkan-sen crossed below the kijun-sen, while in the ichimoku cloud at around quarter past noon, and continued to trend in that manner till both the lines crossed below the ichimoku cloud.

Price action trended below the kijun-sen. Why the position was established at around a quarter past three was mainly from what I considered one of the most important indicators in ichimoku, the chikou span.

Noticed the first trough formed by the chikou span at around the time location quarter past seven at the morning session. Fast forward, and you see the price action broke below the cloud. What we are looking for in a short entry, is the chikou span break below the trough it formed.

The stop loss level was placed above the cloud high.

Nevertheless, price action range for periods below the trend down south.

There maybe some luck as news play came in at 2030 hours. Nevertheless, it is still a good winning ichimoku forex trading strategy.

Exit at around 2300. Time to sleep.

AUDUSD Ichimoku Forex Trading Strategies 29 Jul 2014 #01

Welcome back to another forex trading day!!!

Today we will be looking at AUDUSD for our ichimoku forex trading.

Have a quick look at the ichimoku chart and a quick technical analysis on the ichimoku chart:

• Tenkan-sen has cut below the kijun-sen, but both lines remain above the ichimoku cloud.
• Chikou span has already cut below the ichimoku cloud, it went back into the cloud, and cross below the cloud lo without going above the cloud hi.
• Chikou span has not cut below the tenkan-sen nor the the kijun-sen.
• The forward cloud is bullish, but is diminishing, getting thinner, and a bearish cloud in the making.
• Price action itself is now in the ichimoku cloud, meaning its below the tenkan-sen too.

So what are we or you going to do with the information reflected from the ichimoku charting and the price action?

I have chosen to go bearish and have established a short position, stop loss level at 9450 level.

One of the most important ichimoku indicators is the chikou span. More than often, when most indicators in ichimoku charting indicates a bullish or bearish trends, we would always like to see chikou span also in the same direction with the remaining, meaning either it cross above the cloud high or cloud low.

We could see both from price action and chikou span, a sharp drive towards north before making a quick reversal south. While we could not see much from price itself, the chikou span, together with the cloud, revealed to us, despite crossing over the cloud high, a thick one, chikou span crossed below the cloud low too, relatively thick one too. and most important, chikou span did not manage to cross over the cloud high.

The cloud high forms a resistance to the chikou span.

I have therefore chosen a short, an aggressive one, but with manageable risk, for the ichimoku forex strategy.

Ichimoku Forex Trading Strategies 23 Jul 2014 #2

Welcome back!

If you have missed out the last forex blog post, do not miss out this one.

As mentioned previously, a short position has been established. The price action continued to trend lower below the ichimoku cloud. What's next?

I have chosen to square off half the position at the tenkan-sen level. You do not have to necessary follow the same I did. At tenkan-sen level, there's equal opportunity for buyer and seller. In fact, there's equal opportunity at every level. I have chosen to do so simply because the price action is far from the ichimoku cloud low, and tenkan-sen is just a level i have chosen to close part of the position.

Looking ahead, what forex trading strategies can we apply using ichimoku trading?

We may look at kijun-sen level should price action moves to there. A short position to add on or establish. Looking at chikou span level, we do not see it can trade above the ichimoku cloud high. As such, it is till bearish bias.

Cheeros.

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.

[url=http://www.ichimoku-trading.com]Ichinoku Blog[/url]

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.

Ichimoku Blog

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.