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

Image: Oanda

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

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: 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

Image: Oanda


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

Image: Oanda


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

Image: Oanda

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

Image: Oanda


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