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 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.

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: EURUSD forex trading since 10-Apr-2013 #4

An update from previous ichimoku blog's post.

Technical Analysis (Ichimoku Charting)

After establishing another position couple of days ago, price action was quite choppy thereafter. It had went into the ichimoku cloud, increasing the chance of a reversal should it trade below the ichimoku cloud. Tenkan-sen, kijun-sen had a cross over signaling the trend change, couple with the chikou span going below both the tenkan-sen and kijun-sen. However, just at the kumo cloud low, price action made another reversal upwards. Similarly, both the tenkan-sen and kijun-sen had a bullish trend cross over. More important, chikou span had also cut above both sen.

Trading Strategies (Ichimoku Trading)

No further elaboration is needed with the fact that both sens are in bullish direction couple with  chikou span above boths sens and above the kumo cloud indicate a bullish view. The concerns ahead are the thin ichimoku cloud and a negative cloud prior to a positive cloud change. Aggressive trade will be to establish position with stop loss below the kumo cloud. Alternatively, a stop in above the recent high.

Singapore Ichimoku Trader

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: EURUSD forex trading since 10-Apr-2013 #3

Continued update from previous ichimoku blog.

Technical Analysis (Ichimoku Charting)

Tenkan sen has now cut below kijun sen, chikou span has also now cut below the tenkan-sen. The forward kumo cloud is getting thicker. Price action itself also trading below the tenkan-sen and kijun-sen. The bullish trend continues to be in tact as far as the price action is above the kumo cloud. Nevertheless, the various signals could hint a bearish thought in a bullish environment. The thick kumo cloud provide the support required for the bull trend to maintain. A need of stronger bearish sentiment to have a change from bullish trend to bearish trend.

Trading Strategies (Ichimoku Trading)

Current level is appropriate for conservative takers to embark on the bullish trade. Have added another position when the price action retreated significantly a couple of days ago. Maintain bullish view with stop loss below cloud lo. Unless price goes below the cloud, else maintain bullish view.

Singapore Ichimoku trader

Ichimoku Trading Strategy: EURUSD forex trading since 10-Apr-2013 #2

Continued from previous ichimoku blog.

Technical Analysis (Ichimoku Charting)

Price action was quite choppy within a small range, and remained above the ichimoku cloud. Not much changes from tenkan-sen, kijun-sen or chikou span except convergence of tenkan sen and kijun-sen. Forward kumo cloud getting thicker, providing support to the upward trend.

Trading Strategies (Ichimoku Trading)

Established another position during the convergence period. Stop loss below the kumo cloud. With the thick kumo cloud ahead, can look for opportunities to long when price action trades near the tenkan-sen for aggressive taker, or kijun-sen if more conservative.

Singapore Ichimoku Trader

Ichimoku Trading Strategy: EURUSD forex trading since 10-Apr-2013 #1

As mentioned in previous post, established new position after closing out.

Technical Analysis (Ichimoku Charting)

A typical bull call for ichimoku charting technique, with the confirmation signal from the chikou span cutting above the kumo cloud.

Ichimoku Trading Strategies 

A long established. Conservative entry can wait when price action reach tenkan-sen or kijun-sen with stop below kumo cloud.

Singapore Ichimoku Trader

Ichimoku Trading Strategy: EURUSD forex trading since 09-Feb-2013 #2

A quick update from previous post.

All positions closed out with profit.

Establish new long position with stop - loss at 12800 level.

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 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 #7

An update from previous ichimoku audusd blog. Shortly after that blog, position was stopped out. A re-emtry was made that night when returned from work. Good profit, though could be better, from the audusd trades.

Now having long position. Depending how the price action turns out, and how the ichimoku charting presents  itself, to trade accordingly.

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: USDCAD forex trading since 18-Jan-2013 #4

Update from previous post.

Price action has been trending upwards. Partial profit locked. between 1.0220 & 0.9920 around 300 pips

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