EURJPY long term Ichimoku Best Forex Trading Strategy 28 Apr 2015 Updated for closed position

Image: Oanda

TRADE

Entry Date: 28-Apr-2015

Entry: Long @ 130.18; 

Date: 27-May-2015

Entry: Long @ 134.80;

Date: 29-May-2015

Entry: Long @ 136.00;

Reason for Trade/Setup: 

On 28-Apr-2015, Entry into the position as price cut above the kumo cloud, more important, chikou span had cut above the kumo cloud too.

The entry on 27-May-2015 was a result of not being stopped out. The stop loss level was at 132.50 then. Price started to trend upwards upon hitting 133.00 level. With price cutting above tenkan-sen and kijun-sen, added this position.

Entry on 29-May-2015 was based on price cutting above kumo.

Initial Stop: 127.00, Shifted to 132.50, Shifted to 134.50

Initial Target: 146.50

INTERMEDIATE COMMENT

A late update. Stop out some time back.

RESULT

Exit @ 138.90

Exit date: 10 Jun 2015

Profit/Loss: +872 pips, +410 pips, +290 pips

THOUGHTS

NIL

Regards,
Ichimoku Trader

EURJPY long term Ichimoku Best Forex Trading Strategy 28 Apr 2015

Image: Oanda

TRADE

Date: 28-Apr-2015

Entry: Long @ 130.18; 

Date: 27-May-2015

Entry: Long @ 134.80;

Date: 29-May-2015

Entry: Long @ 136.00;

Reason for Trade/Setup: 

On 28-Apr-2015, Entry into the position as price cut above the kumo cloud, more important, chikou span had cut above the kumo cloud too.

The entry on 27-May-2015 was a result of not being stopped out. The stop loss level was at 132.50 then. Price started to trend upwards upon hitting 133.00 level. With price cutting above tenkan-sen and kijun-sen, added this position.

Entry on 29-May-2015 was based on price cutting above kumo.

Initial Stop: 127.00, Shifted to 132.50, Shifted to 134.50

Initial Target: 146.50

INTERMEDIATE COMMENT

NIL

RESULT

NIL

Exit: Still in position

Profit/Loss: NA

THOUGHTS

Price action moving towards level held around Nov-Dec 2014.

Regards,
Ichimoku Trader

USDJPY long term Ichimoku Best Forex Trading Strategy 09-Oct-2014 #02

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TRADE

Date: 09-Oct-2014

Entry: Sell Market 107.55; Sell Market 106.89

Reason for Trade/Setup: 

The main reason for the trade set up was price action itself was below the kumo cloud. Did not choose to wait for the chikou span to go below the kumo low.

Initial Stop: 109.50, Shifted to 109.00., Shifted to 108.50

Initial Target: 101.55

INTERMEDIATE COMMENT

Add on another position, with price action remaining below the kumo cloud but above both tenkan-sen and kijun-sen.

RESULT

Outcome: Price action traded upward.

Exit: Exit with loss at 108.50

Profit/Loss: -95 pips -161 pips

THOUGHTS

Price action turns bullish after stopping out, especially the chikou span crossing over the kumo cloud.

GBPUSD long term Ichimoku Best Forex Trading Strategy 30-Sep-2014 #03

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TRADE

Date: 30-Sep-2014

Entry: Sell Market 1.6217

Reason for Trade/Setup: 

Tenkan-sen had crossed over kijun-sen, and below the kumo cloud. However, kijun-sen was in the cloud, and chikou span went into the kumo barely after it crossed below. Price action was below and the forward cloud was bearish. Took a position to short when price action near the tenkan-sen.

Initial Stop: 1.6450, Shifted to 1.6200

Initial Target: 1.5528

INTERMEDIATE COMMENT

Price continues to maintain below the ichimoku cloud. Remain cautious the way forward. While the forward cloud remains thick providing the resistance to the price action, the risk remains high looking at the movement of the price action. Stop loss is adjusted to 1.6200.

RESULT

Outcome: Price activity began to trade upwards after hitting a low around 1.5875 level. Stop loss level shifted lower to 1.6100, Was stopped out subsequently.

Exit: @ 1.6100

Profit/Loss: + 117 pips

THOUGHTS

N.A

EURUSD Intra-day Ichimoku Best Short Term Forex Trading Strategy 24-Oct-2014

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TRADE

Date: 24-Oct-2014

Entry: Buy Stop 1.2667 

Reason for Trade/Setup: 

Price action was trading in range, above and below the cloud prior 2000h. At the time of order, price action was above the kumo cloud. Chikou span had also crossed above the ichimoku cloud. Placed a buy stop above the nearest high, with stop loss below the cloud.

Initial Stop: 1.2645

Initial Target: 1.2735

INTERMEDIATE COMMENT

NA

RESULT

Outcome: Price moved upward but retraced back to entry level.

Exit: @ 1.2667 (Time to Sleep)

Profit/Loss: +0 pip

THOUGHTS

NA.

EURUSD Intra-day Ichimoku Best Short Term Forex Trading Strategy 22-Oct-2014

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TRADE

Date: 22-Oct-2014

Entry: Sell Stop 1.26850 

Reason for Trade/Setup: 

Ichimoku charting was showing bearish and a short signal. Placed a sell top below recent low at 12685.

Initial Stop: 1.27250

Initial Target: 1.25650

INTERMEDIATE COMMENT

1.2650 may be a good level to exit, but we never know.

RESULT

Outcome: Price action moved slowly downward.

Exit: @ 1.2661 (Time to Sleep)

Profit/Loss: +24 pips

THOUGHTS

NA.

USDJPY long term Ichimoku Best Forex Trading Strategy 09-Oct-2014 #01

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TRADE

Date: 09-Oct-2014

Entry: Sell Market 107.55; Sell Market 106.89

Reason for Trade/Setup: 

The main reason for the trade set up was price action itself was below the kumo cloud. Did not choose to wait for the chikou span to go below the kumo low.

Initial Stop: 109.50, Shifted to 109.00

Initial Target: 101.55

INTERMEDIATE COMMENT

Add on another position, with price action remaining below the kumo cloud but above both tenkan-sen and kijun-sen.

RESULT

Outcome: TBC.

Exit: TBC

Profit/Loss: TBC

THOUGHTS

N.A

EURUSD Intra-day Ichimoku Best Short Term Forex Trading Strategy 15-Oct-2014

Image: Oanda


TRADE

Date: 15-Oct-2014

Entry: Buy Market 1.2668, 

Reason for Trade/Setup: 

All ichimoku indicators showed a buy signal, from tenkan sen and kijun-sen above the cloud, and chikou span also above the cloud.

Initial Stop: 1.2630

Initial Target: 1.2790

INTERMEDIATE COMMENT

N.A

RESULT

Outcome: Price action moved upward sharply. Hitting the target level around an hour time.

Exit: Target hit @ 1.2790

Profit/Loss: +122 pips

THOUGHTS

The price action upwards was assisted by the news. On hindsight, could have set a higher target.

GBPUSD long term Ichimoku Best Forex Trading Strategy 30-Sep-2014 #02

Image: Oanda

TRADE

Date: 30-Sep-2014

Entry: Sell Market 1.6217

Reason for Trade/Setup: 

Tenkan-sen had crossed over kijun-sen, and below the kumo cloud. However, kijun-sen was in the cloud, and chikou span went into the kumo barely after it crossed below. Price action was below and the forward cloud was bearish. Took a position to short when price action near the tenkan-sen.

Initial Stop: 1.6450, Shifted to 1.6200

Initial Target: 1.5528

INTERMEDIATE COMMENT

Price continues to maintain below the ichimoku cloud. Remain cautious the way forward. While the forward cloud remains thick providing the resistance to the price action, the risk remains high looking at the movement of the price action. Stop loss is adjusted to 1.6200.

RESULT

Outcome: TBC.

Exit: TBC

Profit/Loss: TBC

THOUGHTS

N.A

EURUSD Intra-day Ichimoku Best Short Term Forex Trading Strategy 08-Oct-2014

Image: Oanda


TRADE

Date: 08-Oct-2014

Entry: Buy Stop 1.2675, 

Reason for Trade/Setup: 

Price action re-emerged out from the kumo cloud, supported by chikou span re-emerged out from kumo cloud, placed a buy stop above the high of the previous period.

Initial Stop: 1.2630

Initial Target: 1.2810

INTERMEDIATE COMMENT

N.A

RESULT

Outcome: Price action was in range. Exit for the night.. 

Exit: Closed out market @ 1.2680

Profit/Loss: +5 pips

THOUGHTS

N.A

GBPUSD long term Ichimoku Best Forex Trading Strategy 30-Sep-2014 #01

Image: Oanda


TRADE

Date: 30-Sep-2014

Entry: Sell Market 1.6217

Reason for Trade/Setup: 

Tenkan-sen had crossed over kijun-sen, and below the kumo cloud. However, kijun-sen was in the cloud, and chikou span went into the kumo barely after it crossed below. Price action was below and the forward cloud was bearish. Took a position to short when price action near the tenkan-sen.

Initial Stop: 1.6450

Initial Target: 1.5528

INTERMEDIATE COMMENT

Price goes down. However, taking a long term position can be challenging. Profit could be wipe off when the market has a quick U-turn.

RESULT

Outcome: TBC.

Exit: TBC

Profit/Loss: TBC

THOUGHTS

N.A

USDCZK Short term Ichimoku Best Forex Trading Strategy 23 Sep-2014- #01

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TRADE

Date: 23-Sep-2014

Entry: Buy Market 21.3505 

Reason for Trade/Setup: 

Buy near the ichimoku cloud high level with stop loss below the ichimoku cloud low. General trend was upwards. Supporting elements included tenkan-sen above kijun-sen and above the kumo cloud high, chikou span also above the kumo cloud high. Kijun-sen was within the cloud and price action was between tenkan-sen and kijun-sen.

Initial Stop: 21.2000

Initial Target: 21.8000

INTERMEDIATE COMMENT

N.A

RESULT

Outcome: Price action continued its move upward, with support along tenkan-sen along the way.

Exit: Exit @ 21.8000

Profit/Loss: +4495 pips

THOUGHTS

N.A

USDTWD long term Ichimoku Best Forex Trading Strategy 11-Sep-2014- #01

Image: Oanda


TRADE

Date: 11-Sep-2014

Entry: Buy Market 30.0127 

Reason for Trade/Setup: 

Tenkan-sen had crossed over kijun-sen, and both above the kumo cloud. The forward cloud was bullish but thin, and chikou span had yet crossed above the kumo cloud. Price action itself was above the tenkan-sen. The decision was to buy with stop loss below the ichimoku cloud.

Initial Stop: 29.8500

Initial Target: 30.5000

INTERMEDIATE COMMENT

N.A

RESULT

Outcome: Price action continued its move upward, with support reflected along kijun-sen.

Exit: Exit @ 30.5000

Profit/Loss: +4873 pips

THOUGHTS

N.A

EURUSD Intra-day Ichimoku Best Short Term Forex Trading Strategy 26-Sep-2014

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TRADE

Date: 26-Sep-2014

Entry: Sell Stop 1.2720, 

Reason for Trade/Setup: 

A very typical trade set up based on ichimoku indicators. All indicators showed a favorable sell set up. Tenkan-sen below kijun-sen, both below the kumo cloud, supported by the chikou span which was also below the kumo cloud. Forward cloud is thin, a concern, not a worry. Importantly was the price action below the tenkan-sen. Placed a sell stop below the recent low.

Initial Stop: 1.2760

Initial Target: 1.2600

INTERMEDIATE COMMENT

N.A

RESULT

Outcome: Price action came lower. Exit for the night.. 

Exit: Closed out market @ 1.2687

Profit/Loss: +33 pips

THOUGHTS

N.A

NZDJPY long term Ichimoku Best Forex Trading Strategy 04-Sep-2014- #02

Image: Oanda

TRADE

Date: 04-Sep-2014

Currency: NZDJPY

Entry: Buy Market 87.49

Reason for Trade/Setup: 

A very typical bullish view from ichimoku chart indicators, with tenkan-sen above kijun-sen, and both above the ichimoku cloud. Chikou span had also crossed over the kumo cloud and the forward cloud remained bullish. A Buy Market with stop loss below the ichimoku cloud. 

Initial Stop: 86.60

Stop loss shifted to 87.20

Initial Target: 90.25

INTERMEDIATE COMMENT

NA

RESULT

Outcome: The reversal was sharp. Price action turned lower, with tenkan sen cutting below kijun sen. The next period was a sharp down, going below the kumo cloud.

Exit: Stop out.

Profit/Loss: -29 pips

EURUSD Intra-day Ichimoku Best Short Term Forex Trading Strategy 24-Sep-2014

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TRADE

Date: 24-Sep-2014

Entry: Sell Market 1.2825, 

Reason for Trade/Setup: 

Tenkan-sen and kijun-sen both crossed below the ichimoku cloud and chikou span below the most recent lows, and below the kumo cloud. Forward cloud is thin though.

Entered with market sell as price action getting lower.

Initial Stop: 1.2860

Initial Target: 1.2720

INTERMEDIATE COMMENT

N.A

RESULT

Outcome: Price action came lower. Exit for the night.. 

Exit: Closed out market @ 1.2782

Profit/Loss: +43 pips

THOUGHTS

N.A

EURUSD Intra-day Ichimoku Best Short Term Forex Trading Strategy 22-Sep-2014

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TRADE

Date: 22-Sep-2014

Entry: Sell Stop 1.2835, 

Reason for Trade/Setup: 

The price action had crossed below the ichomoku cloud earlier, however, chikou span had not. When the price action moved back to the cloud, placed a sell stop below the recent low. Chikou span was just above to crossed below the kumo cloud. Could have waited awhile more but decided to take a bit of risk for the early entry

Initial Stop: 1.2865

Initial Target: 1.2745

INTERMEDIATE COMMENT

N.A

RESULT

Outcome: Price action came lower. However, market was not moving a lot. Decided to exit for the night.. 

Exit: Closed out market.

Profit/Loss: +6 pips

THOUGHTS

N.A

NZDJPY long term Ichimoku Best Forex Trading Strategy 04-Sep-2014- #01

Image: Oanda


TRADE

Date: 04-Sep-2014

Currency: NZDJPY

Entry: Buy Market 87.49

Reason for Trade/Setup: 

A very typical bullish view from ichimoku chart indicators, with tenkan-sen above kijun-sen, and both above the ichimoku cloud. Chikou span had also crossed over the kumo cloud and the forward cloud remained bullish. A Buy Market with stop loss below the ichimoku cloud. 

Initial Stop: 86.60

Initial Target: 90.25

INTERMEDIATE COMMENT

Price activity has moved higher, continued to see bullish cloud ahead. Stop loss level adjusted to a higher level.

RESULT

Outcome: NA

Exit: NA.

Profit/Loss: NA

EURUSD Intra-day Ichimoku Best Forex Trading Strategy 12-Sep-2014

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TRADE

Date: 12-Sep-2014

Entry: Buy Stop 1.2937, Buy Stop 1.2940

Reason for Trade/Setup: 

The ichimoku chart indicators were favorable to a buy set up, mainly tenkan-sen above kijun-sen, and tenkan already crossed over the ichimoku cloud. Chikou span had also crossed above the ichimoku cloud. While the forward cloud signaled bullish, it was rather thin, which may bring concern to the support to the price activity ahead.

The first buy stop was based on the current period high, whereas the second buy stop based on the recent high.

Initial Stop: 1.2915, 1.2915

Initial Target: 1.3003, 1.3015

RESULT

Outcome: Choppy. Price action went up and shot down the next 2 periods. Position was stopped out. 

Exit: Stop out.

Profit/Loss: -22, -25

THOUGHTS

There were high impact news @ 2030h and 2200h. However, it was not the plan to trade news. The price itself already reflected what it is or it was.

Perhaps when the forward cloud is thin, it may be wise to adjust the total risk for the trade(s) to be taken.

I am also aware that the price action now as I am writing this blog is now approaching 1.3000.

There will always be such days around.

EURUSD Intra-day Ichimoku Best Forex Trading Strategy 11-Sep-2014

Image: Oanda


TRADE

Date: 11-Sep-2014

Entry: Buy Market 1.2920, Buy Stop 1.2935

Reason for Trade/Setup: 

The first trade was a buy market. It was taken because all the ichimoku chart indicators point to buy/bullish. Tenkan-sen above kijun-sen, both above the ichimoku cloud. Chikou span also crossed above the ichimoku cloud again after drifting into the cloud earlier.The forward cloud was also reflecting bullishness. Price itself also above the Tenkan sen, and reflecting new high in the recent moves.

The second trade was of similar ichimoku trade set up, addition to it was the reference of the most recent high as an entry level.

Initial Stop: 1.2900, 1.2905

Initial Target: 1.3020, 1.3025

RESULT

Outcome: Choppy. There was not much movement for the night. 

Exit: Time to sleep.

Profit/Loss: +21 +6