EURUSD Intra-day Ichimoku Best Forex Trading Strategy 10-Sep-2014

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TRADE

Date: 10-Sep-2014

Entry: Sell Market 1.2925

Reason for Trade/Setup: The main 2 contributing factors for the sell were Tenkan-sen crossed below kijun-sen (though above the kumo cloud), and price action crossed over below the kumo cloud. The chikou span was still in the kumo cloud region, idea would be it went below the cloud.

Initial Stop: 1.2965

Initial Target: 1.2805

RESULT

Outcome: There was a sharp reversal in price action, it did not really cross over the kumo cloud though. Price action traded to kijun-sen level before drifted lower.

Exit: Time to sleep.

Profit/Loss: +15 pips

EURUSD Intra-day Ichimoku Best Forex Trading Strategy 05-Sep-2014

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TRADE

Date: 05-Sep-2014

Entry: Sell Market 1.2977

Reason for Trade/Setup: Ichimoku Charting showing bullish view from all ichimoku indicators, tenkan sen cross over kijun-sen and above kumo cloud, chikou span cut above the kumo cloud again, and higher than previous high, with forward kumo cloud being bullish and thick, providing the support required.

Initial Stop: 1.2960

Initial Target: 1.3028

RESULT

Outcome: Price action went up higher for a short while, turned south there after. It crossed below the kumo cloud.

Exit: Stopped out.

Profit/Loss: -17 pips

THOUGHTS

15 min chart is still preferred. Based on 15 min chart, there will be no trade. 1 min chart can be volatile, when there is no specific trend for that trading period.

EURUSD Intra-day Ichimoku Best Forex Trading Strategy 04-Sep-2014

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TRADE

Date: 04-Sep-2014

Entry: Sell Stop 1.3005

Reason for Trade/Setup: (There was a big sell down prior 2000hr. It should due to news.) Switched to 1 min chart for set up as the 15 min chart will not be able to reflect trade set up due to the large sell down prior 2000hr.  Based on ichimoku charting and the overall price action for EURUSD, it was bearish. At the time of the order, price action was drifting lower and below the ichimoku cloud. Chikou span had crossed below the cloud too. Placed a sell stop below the recent low taken at 2109hr (1.3009 level).

Initial Stop: 1.3035

Initial Target: 1.2915

RESULT

Outcome: Price action drifted lower, in a very gradual manner.  Till Tenkan-sen crossed above kijun-sen for a short while before crossing below kijun-sen again.

Exit: Time to sleep.

Profit/Loss: + 59 pips

USDJPY Intra-day Ichimoku Best Forex Trading Strategy 03-Sep-2014

TRADE

Date: 03-Sep-2014

Entry: Sell Stop 104.95

Reason for Trade/Setup: Based on ichimoku charting, the overall price action for the USDJPY was bearish. The only bullish signal was Tenkan-sen above Kijun-Sen. Placed a sell stop below recent low at 104.95.

Initial Stop: 105.15

Initial Target: 104.35

RESULT

Exit: Time to sleep.

Outcome: Price action drifted lower, in a very slow manner. Tenkan-sen cut below kijun-sen later on.

Profit/Loss: +6.5 pips

EURUSD Intra-day Ichimoku Best Forex Trading Strategy 20-Aug-2014

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Another winning ichimoku strategy for forex trading!!!

This forex blog post came late.

Let's do a quick review on the forex trade based on the ichimoku charting above.

As usual, tenkan-sen below kijun-sen, together with chikou span, all were below the ichimoku cloud low.

Placed a stop in sell order and was triggered at 1. I had also placed another stop in order as shown at 2. That order was cancelled later as I was going to sleep.

Looking at the price action, we could see that the price level that I sold was really new the low for the night. And there was chances that the price may look to go into the ichimoku cloud. It didn't.

On Ichimoku charting, tenkan-sen did cross over the kijun sen. However, just one signal from the ichimoku charting is not significant enough to conclude as a trend change. Chikou span span had not crossed kijun-sen. And more important, none crossed over the ichimoku cloud.

I left the position opened as I already knew there would be news later on. News worked both way, in your favor or against your position. The important thing is that stop loss had been placed above the cloud high. So the risk had been managed.

Woke up this morning, saw the position making money, closed out as shown at 3.

Ichimoku forex strategy is one of the simple trading strategies.

EURUSD Intra-day Ichimoku Best Forex Trading Strategy 19-Aug-2014

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Another Ichimoku Winning Trade for Forex!

Hope that you had read the forex blog the day before, cause the set up was rather similar for today's trade.

I had done a market sell @ around 1515hr. The basic principle, to sell below the cloud low. Of course, the overall ichimoku charting had reflected bearish for prolong period, with tenkan-sen below kijun-sen, and chikou span below the kumo cloud. The trade was done during office hours using mobile phone.

I placed another stop in trade at around or just before 2030h. There were news to be released at 2030h. Same trade set up the day before, placed stop in level below tenkan-sen. And there it went, price smacked down and the trade got triggered.

I had placed to close partial position at 13295 level, and target level with 3: 1 ration. Again, what we want is one thing, what the market is giving is another. Time to sleep, I square off the positions.

Using ichimoku charting for Forex gives one of the best forex trading strategy.

EURUSD Intra-day Ichimoku Best Forex Trading Strategy 18-Aug-2014

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Another Ichimoku Forex Trade for the day.

Let us do a quick review for the trades did earlier.

Placed a stop in trade earlier of the day at around 1500h. first yellow circle) A square box denoted the stop in order, a down triangle denoted the trade had been executed.

This trade was made with tenkan-sen crossing below kijun-sen, and both below the ichimoku cloud. More important, looked towards the right, chikou span crossed below the ichimoku cloud. As always mentioned in my other posts, chikou span crossing above or below the cloud is a very strong signal, which cannot be ignored.

After few hours, I placed another stop in order at the second yellow circle. During that moment, price action was trading upwards to the ichimoku cloud. However, none of the ichimoku charting indicators show signs of bullishness. Tenkan-sen had not yet crossed above kijun sen, and chikou span had not yet crossed over the cloud high. The stop in level was below tenkan-sen. And I was stopped in.

Moving forward, we did see tenkan-sen crossed over the kijun-sen, but its not going to be main concerned. Stop loss level then was above the Ichimoku cloud high.

Price action needed time, and patience was required.

Everyone likes a risk/reward ratio 3:1, 3 units of reward to 1 unit of risk.That's what I placed for my profit limit level. However, we need to understand what market wants to offer you.

I place a buy limit to close half of the positions at 13360. Subsequently I closed all, as its getting late at this part of the world.

Ichimoku Charting, one of the best trading technique for Forex.

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.