EURUSD 15 December 2011 Ichimoku Trading Strategy

Another day where price showed clear direction of which way to go.

1. Placed a stop in order for the short when traded below the kumo cloud, with indication from tenkan-sen and kijun-sen. The chikou-span also traded down.

During the trade, there was again sign of price reversal. A relief that price never traded above the kumo cloud.

2. There was no flow for the price to trade lower. Decided to exit the trade as it was about time to sleep. Exit the trade with little profit.

Will be flying off to China this weekend for a week. If time permits, will trade.

EURUSD 14 December 2011 Ichimoku Trading Strategy

It was another day where there was no strength in the flow.

1. Waited for a set up get into the trade. Placed a stop-in order which was triggered subsequently.

The price was not trending. It had moved above the ichimoku kumo cloud for a period of time. Stop loss level was just few pips away.

Price reversed and moved in the direction towards the position established. It seemed like the flow would follow through. Unfortunately not.

2. It was getting late. Place stop-loss level above the kijun-sen. It was hit.

Small profit for the day. Called it a day.

EURUSD Ichimoku Trading Strategy

Had established a few short positions for EURUSD earlier.

These positions were established based on fundamentals coupled ichimoku trading concept.

The EURO zone crisis remains, and the outlook is negative.

When the price traded near/in the kumo cloud, positions were established in shorting the EURUSD.

The stop loss was set at a level away from the top of the kumo cloud when the positions were first established. The risk of loss had been gradually reduced as the price traded lower.

Positions to maintain. Will continue to add on when opportunity arises.