Ichimoku Trading Strategy for Forex Trading 03 Jul 2014 #2

Price action has continued to trend lower since the position being established last week.

It is now it the kumo area, or the so called ichimoku cloud area.

Examine the current ichimoku charting, the tenkan-sen is below the kijun-sen, and in a diverging manner. This is similar to when the previous position being closed. The downward trend made during the last few days may now in exhaustion, and the range price activity in the kumo cloud may just provide the "rest" needed by the price action itself.

Looking back to the chikou span, it is now below the kijun-sen. It is however, not below the kumo cloud lo yet. And looking forward to the kumo, which is now turning bearish, could be a sign for the trend change.

There are some bearish signs from the ichimoku charting, but not yet a trend change.

Strategies ahead, there are away 2 sides of the trades, buyer or seller.

For seller, perhaps it may be good to enter when the tenkan-sen and kijun sen converge, or when price action clearly below the kumo cloud, the boost from chikou span below the kumo cloud could add on to the selling positions.

For buyer, which will be the position I am planning to take. Continue to add on more positions, taking minimum risk with stop loss at same level.

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Ichimoku Trading Strategy for Forex Trading 03 Jul 2014 #1

Price action has retraced quite a distant away from the high itself established some days ago.

Tenkan-sen, kijun-sen and chikou span remain above the kumo cloud. Tenkan-sen and kijun sen are converging towards each other, reflecting the volatility will be diminished in the periods ahead.

Chikou span is approaching tenkan-sen from the high, a sign to reflect sellers are gaining strength, and buyers are moving away to buy at such high price level above the tenkan-sen. 13600 level may be the battle ground between buyer and seller.

Price action bounced of the kumo cloud hi, and the kumo cloud remains thick ahead, providing the support needed for a bullish trend.

Ichimoku Trading Strategy ahead: May look to add long position between 13600-13620 with stop loss below the kumo cloud lo. Took minimum risk during this period, till price action reveals itself in the days ahead.

Ichimoku Trading Strategies 12-June 2014 #3

Price action met some resistance at level 13652 mentioned in the earlier post, but the resistance was short-live. Price action continued the move to 13700, it took quite awhile before 13700 was broken.

Profit level hit.

All ichimoku indicators were showing bullish signs. Tenkan-sen above kijun-sen, and chikou span above the tenkan-sen & kijun-sen 26 periods behind. And the kumo cloud is bullish and uptrend.

The concern in this bullish mood is probably the exhaustion of this price action, reflected by the widening gap between tenkan-sen and kijun-sen. and the price action activity away from the kumo cloud.

Ichimoku Strategy ahead, can look to build up position at tenkan-sen, kijun-sen level or even at cloud hi, depending how the price action reveals itself.

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