USDJPY Ichimoku Trading Strategy (Long)

Took a look at the currencies, and found a trading opportunity in USDJPY.

The trade was based on one of the ichimoku concepts. A conservative position was established.

While tenkan-sen was below kijun-sen, price was trading above the kijun-sen. In addition, price was going into the kumo cloud range.

More encouraging was the chikou-span had cut above the kijun-sen. This was critical as it often meant a squeeze to the position holder trading below the kijun-sen.

Opportunities to look for to add in positions:

• Price penetrated above the kumo cloud.
• Tenkan-sen cut above kijun-sen, and price above tenkan-sen.
• chikou span traded above the kumo cloud.

Ciao.

EURUSD Ichimoku Trading Strategy (Short) and Settling down

Oh, Blogger changed it format again.

It has been quite some time since I last wrote this blog.

Have been busy with my new work this year. It is challenging, and I got to meet a lot of new people as a Business Development Manager. 

Nevertheless, trading and investing are part of my life. I have been trading option for the last few months as it doesn't take too much of my time. And I am looking forward to trade FX the same way using ichimoku charting.

Had closed out my long position previously and took some loss. 

Re-established new short position in EURO as chart below.

Technically, not suppose to add short position when price traded above the kumo cloud. The position was taken due to the fundamental of euro itself. Things ain't looking good, and it still not looking good.

Stop loss level placed at 1.29000. shall wait and see.

Other updates:

Am looking at other currencies, but not much opportunities to establish new position.

ciao.

EURUSD Ichimoku Trading Strategy (Long) Continued

It has been quite some time since I last posted. I was busy with my new found job and took time to know the company better. Nevertheless, hope to get things settle down soon.

This post was continued from the position I have established last month. Still remain long with the Eur/Usd.

Price had penetrated below the kumo cloud, but chikou span remained above the cloud, decided to hold on then, and price made a U turn up.

Had adjusted the stop loss higher after this U turn.