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 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 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: 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: 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

Ichimoku Trading Strategy: AUDUSD forex trading since 24-Jan-2013 #3

Established another short position on 13 Feb when price action touched kijun-sen. Currently holding 3 short positions at 1.0464, 1.0396 & 1.0340.

Technical Analysis (Ichimoku Charting)

Tenkan-sen and Kijun-sen converging towards each other below the ichimoku cloud.Chikou span failed to break the 26 periods high looking forward. The kumo cloud is thick for the periods ahead providing the resistance to the price action.

Trading Strategies (Ichimoku Trading)

The trend continues its downward movement. Price action needs to break above ichimoku cloud @ 1.0400 level for a change in trend direction. While it is not impossible, it is not likely till price action proves it itself. Entry for short may consider current with stop at above the kumo cloud, or may choose conservative entry near the kumo cloud low. Entry for long would only be considered when 1.0380 is breached and actual entry would only be consider when price action break 1.0400.

Singapore Stocks - Ichimoku Analysis Week 5

FrasersCT

This week, we will be looking at FrasersCT(J69U). This stock has had a good run since early 2012. It has been above the ichimoku cloud since late February 2012. Price action has never went into the kumo cloud until recently in last December

Technical Analysis (Ichimoku Chart)

Tenkan sen cut below the kijun sen the second time in recent periods. Price action had also went below kijun sen. In addition, price action is in the kumo cloud. Chikou span has also cut below the kijun-sen. The forward kumo cloud is getting thinner.

Trading Strategy (Ichimoku Trading)

Current price level is a good level for new position takers to come in and acquire the stock. Also, stop loss level will be tight, just below the ichimoku cloud level, around 1.90. Due to thin cloud ahead, the price action could be choppy. If sentiments are that the stock has had a good run and coming to end, look to short with price level below 1.90 and stop loss at 2.02 during initiation and adjust lower just above cloud hi.

GBPJPY Ichimoku Trading since 23-Jan-2013 #1

GBPJPY has had a good run for the past few months. Price action finally went below the ichimoku cloud lo.

Technical Analysis (Ichimoku Kinko Hyo)

Tenkan sen is now below kijun-sen, both are in the kumo cloud range. Chikou span had cut below the kijun sen, and penetrated below cloud hi into the kumo. There is still some distant not far away from the cloud lo.
The forward cloud also demonstrated a change, the short term senkou span A is cutting below the long term senkou span B. More important, price action already below cloud lo.

Trading Strategy (Ichimoku Charting)

A very good opportunity to start establish short position with stop loss above the cloud hi. The best ideal case is for the price action falling below 139.35 within the next 5-7 days.

EURUSD Ichimoku Trading since 03-Jan-2013 #3

Continued from previous post.

Price action has been giving a wild swing. It is now above 13200 level. Positions have been established around 13090, 13050, 13200 & 13215 with stop loss @ 13250. Again, may be stopped out soon.

Technical Analysis (Ichimoku)

Tenkan-sen is converging towards kijun-sen, but yet to cut over. And both tenkan-sen and kijun sen are below the kumo cloud. However, chikou span has already cut the kumo cloud hi, but yet to cut tenkan-sen and kijun-sen. Price action itself is above the kijun-sen and below the kumo cloud.

Strategy (Ichimoku)

As with the very first post, opportunities arise below 13050 and above 13100-13200 where the thin kumo cloud is, which provided low resistance and support to the price action. It is happening now. With price action below the thin kumo cloud, it is still a bear trend. Sellers can add short with very limited risk just above the cloud hi. Buyers may want to hold till the confirmation of the price action above the cloud hi. Do take note of the forward cloud support level at 13150.

EURUSD Ichimoku Trading since 03-Jan-2013 #2

As mentioned on previous post, opportunities arise when below 13050. Price action accelerated downwards after the position established the day before. However, there was pulled back earlier during the US session. Established another short position.

Technical Analysis (Ichimoku)

Tenkan-sen and kijun-sen remained intact and on its way penetrating through the kumo cloud lo. Chikou span had cut through the cloud lo, but reversing back into the cloud region. Price action is now clearly below the kumo cloud lo. The Kumo ahead remains thin.

Strategy (Ichimoku)

Continue to remain cautious with the thin kumo cloud ahead. Very much is dependent on the price action activity at the thin cloud region. Any increase in position will be done gradually if there is any pull back in price action to near the kumo cloud lo.

EURUSD Ichimoku Trading since 03-Jan-2013 #1

The first trade of the year 2013!

Price action has been moving uptrend since the cross over the kumo cloud. Consolidation was formed since mid December 2012, before the break off yesterday (Probably due to the intermediate resolution to the fiscal cliff).

Technical (Ichimoku)

Tenkan-sen and kijun-sen converged and pointed downwards into the kumo cloud. Chikou span had already cut below the kijun-sen, but remains above the kumo cloud. The forward kumo cloud is getting thinner, resistance may not be strong. Price itself had penetrated into the cloud but yet form a period below the cloud lo.

Strategy (Ichimoku)

With no existing position, established a small short position just at cloud lo. Depending how the price reveals itself in the next few periods, opportunities arise between 13100-13200 or when below 13050. Stop loss level above cloud hi.

EURUSD Ichimoku Strategy since 21-Nov-2012 #7

A very happy new year. Came back from holidays yesterday night.

As per previous post, placed a stop loss below the kijun-sen. Stop loss triggered earlier today. The only difference was the stop loss level was in the mid of the kumo cloud.

As with the new year, wish every traders another prosperous year.

EURUSD Ichimoku Strategy since 21-Nov-2012 #6

Last post for the year. This is an update to the EURUSD positions established since 21 November 2012. The last post was made on 14 December after adding another position when tenkan sen cut above the jikun-sen.

The very first position was established on 21 November, when price action penetrated into the kumo cloud, with chikou span cutting above jikun sen.

Continued to established more positions as price action keep trending upwards. After Price itself established as earlier peak on 6 Dec, had took partial profit on the positions established earlier.

Thereafter, established 2 more positions, one when price traded near the kumo cloud top, the other when tenkan sen cut above jikun sen again.

Stop loss level is now adjusted to below the jikun-sen. If stop out, all positions will lock in profit pips as shown.

Once again, merry christmas & happy new year.

GBPUSD Ichimoku Trading since 21 Nov 2012

After taking profit a couple of days ago, price action made a U turn. As mentioned, planning for my exit since going for my year end holiday, all positions were stopped out for the stop loss level placed below the Jikun-sen. Good profits for all the positions built up since 21 November.

Merry Christmas and Happy New Year.

NZDUSD Ichimoku Trading Closed out

As per mentioned in earlier post on NZDUSD, will take opportunity to close out or exit NZDUSD.

Looking at the tenkan-sen meeting the jikun-sen, had taken the opportunity to exit and close out all NZDUSD position.

Technical (Ichimoku)

Tenkan-sen and Jikun-sen converging and likely to have a cross over. Chikou span is also looking to first cut the tenkan-sen. Thick kumo cloud ahead translating a strong support or resistant depending how the price action react the way forward.

Strategy (Ichimoku)

Where there are signs for short, trend remains upward as long as price action above the kumo cloud. Aggresive short bias may start establishing short position with stop loss above the highest high between now to chikou span. Another opportunity to go short is when chikou span cut below tenkan sen, follow by price action cutting below kumo cloud.

Aggresive long may start to build position now with stops loss just below the kumo cloud low. Otherwise, wait till price action above the tenkan sen.

GBPUSD Ichimoku Trading since 21 Nov 2012

An update to the positions established in GBPUSD.

Closed out the last position established on 12 December. It was established when Tenkan Sen cut above the Jikun-Sen as mentioned in the earlier ichimoku trading post.

It is likely to plan for exit strategy for the remaining positions as I will be going for my year end holiday.

NZDUSD Ichimoku Trading

This was another sharing trades for NZDUSD.

Took the opportunity to go long on 27 November when price action was trading just above the kumo cloud. Had actually added another positions on the 4 December, which was not reflected after that position was closed earlier this evening.

Profit of 201  pips. Still have another long position established on 27 December November. Will take opportunity to square off the position.

GBPUSD Ichimoku Trading since 21 Nov 2012

Continued update from previous post.

As mentioned previously, price level to look at when tenkan-sen cut above the jikun-sen or near the kumo cloud hi. Price action never fell back to kumo cloud high, but opportunity came when tenkan-sen cut above the jikun-sen. Established another long position to the existing long positions.

Technical (Ichimoku)

All ichimoku signals favor a bullish uptrend. Tenkan sen cut above the jikun sen while above the kumo cloud, chikou span above the kumo cloud, jikun-sen, and most of all, looking to go above within the 26 periods high forward to the current price. The only not so favorable situation is the forward cloud is not thick enough. A thick kumo cloud would give strong support to the price action forward.

Strategy (Ichimoku)
If long, stay put. May want to look to long at tenkan sen and jikin sen level.

Not recommended to go short. If any, aggressive taker may want to short once tenkan-sen cut below jikun sen.

EURUSD Ichimoku Strategy since 21-Nov-2012 #5

As per previous post mentioned, there was a pull back in price action to new the cloud hi. Price action actually went into the kumo cloud, and emerged out from the kumo cloud again on the upside.

Decided to add another long position as tenkan sen cut above the jikun sen. The forward cloud is thin. Will need to watch out price action activity around that period.

Technical (Ichimoku)

Tenkan-sen cut about jikun-sen while in the kumo cloud. Price action is clearly above the cloud. Chikou span has cut the tenkan sen and jikun sen, and looking to cut above 26 period price high.

The chikou span provides a clear picture between present price action and past price action activities. What is has demonstrated at one glance is the current price activities compared to 26 periods price activities from the current period.


The question now is will there be more shorts joining the EURUSD or there will be more shorts exiting the EURUSD.

From the chikou span, one could observe within 26 periods, price action fell sharply before making a U turn when it went into the kumo cloud.

Existing shorts within these 26 periods will have to make a decision, to stay or to exit or to add?

New positions taker will have to decide to go with long or short?


Strategy (Ichimoku)

For long, current price level is strategic to go long. For conservative, may want to wait till when price action went above 13130.

For short, aggressive taker may choose to go short and place stop loss above 13130. Else, it may be better to wait till price action goes below the cloud.

GBPUSD Ichimoku Trading since 21 Nov 2012

Continue update from previous post.

After establishing the positions earlier, price action made a move upwards, and began to pull back to below the jikun-sen.

Established another long position when the price traded near the kumo cloud hi.

Technical (Ichimoku)

Price action remains above the kumo cloud, with tenkan-sen crawling to climb over the jikun-sen. Chikou span has remained in the bullish region by maintaining above the jikun sen.

Strategy (Ichimoku)

Opportunity to go long with price action above the kumo cloud. Price level to look at when tenkan-sen cuts above jikun-sen. or near the kumo cloud high. Placed stop loss below cloud lo.