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Ichimoku Trading
Any of the forumers here used Ichimoku Charting for their FX trading?
Regards,
res
Yep. In fact I just got stopped out (at a small profit) on my short 6e position. I use Ichi to set stop levels on a trend following model i use.
Quote from twoshepards:
Yep. In fact I just got stopped out (at a small profit) on my short 6e position. I use Ichi to set stop levels on a trend following model i use.
Sharing one trade of the week
Attached was one of the trades I had last week.
Based on the trade set up, long the EURUSD position, was eventually stopped out.
A short position was taken. More short positions were taken according to the money management sizing.
The price came off further. The positions were closed out gradually. It was all closed out after the price cut above the Kumo cloud.
EURUSD 19 Jul 2011
Just to share one of the trades.
As from the chart, a stop order was filled for EURUSD @ 1.4155. The position was subsequently.
The position was unwind gradually when the price traded up. This is a good trade with the price escalation shortly when the stop entry was triggered.
The position was closed out completely when the price traded below the Kumo cloud.
This was a trade done on 20 July, a trade which greed and fear striked in. The trade ended with a lost.
EURUSD 21 July 2011
It was an easy trade when the price trend.
Long EURUSD during the US timing, as the market trend upwards.
Unwind the position graudaully, and was finally stopped out.
Called it a day thereafter.
EURUSD 25 July 2011
It was not a very good start for the week. The price action was quite choppy.
I started the trade with a long, but was stopped out. It was followed by a short, but was again stopped out.
A long was reinitiated, shortly after, it was stopped out again.
Another short was initiated, and finally, the price moved downwards gradually.
It was still a loss for the day, but the loss had been greatly minimized by the last trade.
Quote from resurrector:
This was a trade done on 20 July, a trade which greed and fear striked in. The trade ended with a lost.
EURUSD 26 Jul 2011
EURUSD 26 Jul 2011
After taking into consideration of stops-hunting, had twitted slightly to how the stop-loss being placed.
Still, using ichimoku charting as the main frame work, this trade had come out as a good profit.
EURUSD 01 Aug 2011
EURUSD 01 Aug 2011
A good start to the week.
Placed a short after looking checking the ichimoku charting.
There was some consolidation after the trade executed, nevertheless, stop loss was in placed.
Finally, the price action revealed itself. It trended downwards.
Good profit for the day though that's the only trade for the day.
Position closed out gradually.
EURUSD 02 Aug 2011
EURUSD 02 Aug 2011
It had not beed a good day.
Added short position while price retraced.
Turned out to be a reversal.
Was stopped out
EURUSD 08 Aug 2011
EURUSD 08 Aug 2011
Another good start to the week. Did not trade during the last 3 trading days due to appointments
Placed a stop in order, the price triggered and got into position.
Price action was against the position initially, but turned along with the tide subsequently.
Price continued to lower. Gradually reduced the position and closed out when price went abve the cloud.
EURUSD 15 August 2011
EURUSD 15 August 2011
Was away for business trip in China for last week.
It was a slow day with not much volatility.
The price was already trading above the cloud. Went long when the price traded up. Some retracement thereafter. The price continued to trend upwards. Closed out half the position initially and closed out the remaining when the price traded below the cloud.
EURUSD 16 Aug 2011
EURUSD 16 Aug 2011
Entered a long position as the price traded up.
Retracement was significantly more than expected, wind down half of the position prior to stop loss level.
Market moved higher there after. The rally was short lived. Was stopped out eventually.
Ended the day near breakeven.
EURUSD 17 Aug 2011
Another day of choppiness.
Placed a stop-in order for a short position. Price got triggered. Market turned around and closed out.
Placed a stop-in order for a long position thereafter. Price got triggered. No momentum in the rally. Position closed out.
Ended the day with small losses.
EURUSD 18 Aug 2011
EURUSD 18 Aug 2011
The day did not start well.
Went long the first trade. Price action reversed. Postion closed out.
Went short accordingly to the trade plan.
Add on short position accordingly.
Price action followed through.
Position stopped out at 2 price level.
Good profit for the day.
EURUSD 19 Aug 2011
It was a very slow day.
Entered an order to long. Price triggered stop in long position.
Price was consolidation for hour. Closed the position.
At this moment, the price had moved upwards in favour of the "closed" long position.
Nevertheless, its in the plan to close out the position. There is always another for you to trade.
EURUSD 22 Aug 2011
It was quite a choppy day.
Entered the day with a short position, position was square off as price showed reversal.
Another position was entered to go long. Position was partially square off when price entered the cloud. All position closed out when price traded below the cloud.
A day with loss.
Ichimoku Parameters
Hello Resurrector,
may i know why you are not using the original parameters for ichimoku?
EurUsd 23 Aug 2011
EurUsd 23 Aug 2011
Price action was kind of slow initially.
Placed stop in order for short. Short order was triggered later on. Set a target price to close half of the position.
There was price retracement. Thought that could be stop hunting. Placed a technical stop loss to close half of the position. Howevre, it was not triggered. Order removed.
Price moved lower. Reaching my target price. Half of the position closed.
After 1000h, news of new home sales released. Less than forcast. Closed half of the remaining position.
The remaining position was stopped out subsequently.
Good profit for the day.
Re: Ichimoku Parameters
Quote from zhaoyun:
Hello Resurrector,
may i know why you are not using the original parameters for ichimoku?
Re: Re: Ichimoku Parameters
Quote from resurrector:
Hello zhaoyun,
These are the default parameters set by Oanda built in charting. I am just using it "wholesale".
However, if you like to know more, there are plenty of websites discussed about these parameters.
Without going too much into details, the parameters 9, 26 & 52 were used as the trading week was 6 days long when ichimoku was created in the 1930s. With the trading week being 5 days long, the parameters have now been changed to 7, 22 & 44.
regards,
res
Re: Re: Re: Ichimoku Parameters
Quote from zhaoyun:
Hello resurrector,
you should try 9,26,52, it may improve your results.
best regards.
-zhao
EURUSD 24 Aug 2011
It was another choppy day.
Price moved upwards after the released of news (US durables ex. transport.) Placed a stop in order for long, got triggered. New high was established. However, there was no strength in the momentum. Price retraced backwards. Half of the position was square off with the remaining being stopped out.
A short position was established accordingly. Similarly, new low was established. However, the joy was short lived. Price retraced upwards. Square off the position when price traded the top of the kumo cloud.
A day with losses.
While ichimoku charting is used as a trend following charting, there is a need to look into the price action established before the market start.
Similarly, the price action that follows through need to further examine if there is need to stay in the trade or stay out of the trade.
EURUSD 25 Aug 2011
It was again another day of tsunami...
A short position was initiated as the price was trading below the ichimoku kumo cloud. While there was price retracement thereafter, it traded lower gradually.
After weakof jobless claim data at 0830h, price traded significantly lower. However, some support was shown at 1.4410. Price continued to trade in range bound.
Another short position was initiated according to trade plan.
Shortly after, the support at 1.4410 was penetrated.
The joy was short-lived though. A surge of tsuami came along, tenkan-sen cut the jikun-sen instantly, price shot up the ichimoku kumo cloud, stop loss triggered.
No idea on the intervention at this moment.
26 Aug 2011
Not a very good start. Initiated a short position. Was stopped out.
A long position was intiated thereafter. Recovered the loss for the earlier trade after closing out part of the position.
Remaining position was stopped out later on.
Ended the day with little profit.
EurUsd 29 Aug 2011
First day of the week.
Started well with long position when the price traded above the ichimoku kumo cloud from below. This was furthered confirmed by tenkan-sen cutting the kijun-sen, and chikou-sen cutting above kumo cloud from below.
Partial position was sold off as price traded near the top of kumo cloud. The remaining position was closed out and the price penetrated into the kumo cloud.
A short position was initiated @ 1.4513. However it was not triggered.
A short (& smaller) position was established @ 1.4522. Though the price traded below the ichimoku kumo cloud, this was NOT confirmed by tenkan-sen and kijun-sen, chikou-sen had also not traded below the kumo cloud. This position was closed out with a loss.
Closed the day with profit.
GBPUSD 13 Sep 2011
GBPUSD 13 Sep 2011
It had been quite some time since I last updated.
I was busy with work, and also option trading.
Have started option trading with thinkorswim. They have a branch office in Singapore.
Refering to my fx trade, I had taken a short position when an opportunity arised in the daily period.
The trade is still open as I written this post. The position was established on 06 Sep 2011.
EURUSD 13 Sep 2011
EURUSD 13 Sep 2011
Not a very good start for the week.
Went long initially after the tenkan-sen cut jikun-sen. Stopped out at break even.
Went short when price traded below the kumo cloud, but was stopped out when it went for reversal.
EURUSD 14 Sep 2011
EURUSD 14 Sep 2011
Tenkan-sen cut the kijun-sen sharply. Went long when price cuts above kumo cloud, did it during pull back.
Again, another choppy session with sharp reversal. Price cut through Kumo cloud . Stopped out
Re: GBPUSD 13 Sep 2011
Quote from resurrector:
GBPUSD 13 Sep 2011
It had been quite some time since I last updated.
I was busy with work, and also option trading.
Have started option trading with thinkorswim. They have a branch office in Singapore.
Refering to my fx trade, I had taken a short position when an opportunity arised in the daily period.
The trade is still open as I written this post. The position was established on 06 Sep 2011.
EURUSD 22-Sep-2011
EURUSD 22-Sep-2011
Price had been trending downwards recently.
Decided to establish a position when price was trading above the kumo cloud.
The entry setup was when the tenkan-sen cut below jikun-sen while above the kumo cloud. And the price was lower than the low established from 2000h onwards.
Market moved down thereafter. Partial position was closed when it reached 40pips. Stop loss was shifted lower.
Stop loss level was hit later on.
Called it a day.
EURUSD 23-Sep-2011
EURUSD 23-Sep-2011
The price had been trending down before 2000h.
At point A, price faced some resistance at the bottom of the ichimoku kumo cloud. Nevertheless, the tenkan-sen started to cut above the jikun-sen. The price started to test the kumo cloud again. This time round it penetrated through the top of the kumo cloud. At the same time, the chikou span also penetrated above the cloud. Established a long position thereafter
The price trended upwards thereafter. There was some consolidation prior to another movement upwards. Placed a profit taking level. Closed off partial of the position at Point B.
The price consolidated at point B before trending down. A stop loss was placed below the Jikun-sen. It was later triggered at Point C.
Called it a day.
EUR/USD 26 Sep 2011
EUR/USD 26 Sep 2011
The price had been trending upwards earlier since late afternoon. Nevertheless, it seem exhasted.
The tenkan-sen cut below the jikun-sen just before 2000h. It looked like a good opportunity, but that's not part of the trade plan.
Price trended lower and penetrated through the kumo cloud. However, the confirmation from chikou span had not arrived yet. Until a quarter past 2000h, the order to established a short position for the price was keyed in. However, price did not go lower. It had been ranging for quite a while, before it was triggered 25 minutes later.
The price almost penetrated above the ichimoku cloud after stop-in. The thought of exiting the trade started to hover in the mind. Hang on to the plan, and keep the trade.
Price started to trend downwards thereafter. Closed partial position after meeting the initial target. Continued to close partial position again when price trended downwards. Have shifted the stop loss level down. It got hit subsequently.
Call it a day thereafter.
EUR/USD 27 Sep 2011 Ichimoku Trading
EUR/USD 27 Sep 2011 Ichimoku Trading
Like yesterday, price had been trending upwards before 2000h. It started to trade in range after 2000h.
Tenkan-sen cut below Jikun-sen just after 2000h. The price never moved much from there onwards, but trending lower in a gradual manner.
The price moved into the kumo cloud region, and finally cut through the kumo cloud. However, chikou-span had yet cut through the cloud.
Chikou-span traded below the cloud just before 2100h. The price appeared to be consolidation mood. It was noted that tenkan-sen was about to cut jikun-sen, decided to take a conservative position instead to short at the market.
The price never traded lower, it went the other way, up north. Was stopped out.
A loss day, called it a day.
Review: To note that if chikou span cut below the cloud when tenkan-sen about to cut above the jikun sen (While below the cloud), stay out....or long?
ichimoku
Good Rule based trading. I have seen your posting once in a while.
I trade US stocks and ETF options thro a Charting program called Quote Tracker with TD Ameritrade.
It has everything-P&F/Range/Volume/Tick/Time charts except Ichimoku.
TOS platform offered by the same company offers Ichimoku and Pearson Pivots but TOS does not store data (on demand only) where as QT stores data (both intra day and Historical ) .So even with out internet I can try various combination Analysis after market close with out link to TDAm/TOS servers.
I dont trade spot forex or IMM futures. But do trade options on FXE (Euro ETF) or FXF (swissy) or FXB (cable).
I dont open browser during trading hours but for the sake of Ichimoku I open freestockcharts.com sometimes (It gives live data (BATS) and trading capability in to TD Ameritrade a/c)
But Iam scared to trade thro it as it thro browser/not exclusive TD am product)
your rule based trading 1 min Ichimoku Fx is reasonable ( Forex like commodity trends well unlike Stock/stock indices which are inmates of maniac mental asylum )
Re: ichimoku
Quote from keviniyengar:
Good Rule based trading. I have seen your posting once in a while.
I trade US stocks and ETF options thro a Charting program called Quote Tracker with TD Ameritrade.
It has everything-P&F/Range/Volume/Tick/Time charts except Ichimoku.
TOS platform offered by the same company offers Ichimoku and Pearson Pivots but TOS does not store data (on demand only) where as QT stores data (both intra day and Historical ) .So even with out internet I can try various combination Analysis after market close with out link to TDAm/TOS servers.
I dont trade spot forex or IMM futures. But do trade options on FXE (Euro ETF) or FXF (swissy) or FXB (cable).
I dont open browser during trading hours but for the sake of Ichimoku I open freestockcharts.com sometimes (It gives live data (BATS) and trading capability in to TD Ameritrade a/c)
But Iam scared to trade thro it as it thro browser/not exclusive TD am product)
your rule based trading 1 min Ichimoku Fx is reasonable ( Forex like commodity trends well unlike Stock/stock indices which are inmates of maniac mental asylum )
Since you have a full time job,trading spot forex during Asian and European hours is more suitable and you can call it a day by max 11pm Singapore time ( US 11am -summer) and go to bed.
Trading US index/stock /options is crazy hours from HK/Singapore.
9.30pm to 4 am (10.30 pm to 5 am winter)
I used to trade spot forex /forwards with UOB bullion/forex desk.
As an Import/exporter -I used to buy lot of spot /forward Euro for imports/hedging etc.
Nowadays more equity /etf/index/options etc.
I just started options trading, calendar spreads at the moment.
for stocks and mutual funds, I am investor's mindset.
still a long way to go though....
Interesting indicator Ichi. I have read the best or safest way to trade it is to wait for price to be at least two higher timeframes above/below the kumo and trade in that direction using the 5 or 15 t/f as your signal to enter when tenken-sen crosses kijun-sen and most importantly when the chikou span has crossed price.
At the moment, eur/usd is on it's way long heading for the daily bullish kumo with a flat bottom that always attracts price, albeit the chikou span has crossed price on the monthly and weekly which signals bearish, however, we also have bullish clouds here so I am long eur/usd for somewhile now.
I use the original settings as do most of the Japanese so it would appear sensible to follow suit. The above strategy in a backtest provided an 80% accuracy rate!
EURUSD 30 Sep 2011 Ichimoku Trading
EURUSD 30 Sep 2011 Ichimoku Trading
Was not trading for the past 2 days due to work commitment.
Back to trading tonight for the last day of the month.
Price had been trading downwards earlier till 2000h. Was planning what trade to do for the night. Tenkan-sen cut above the jikun-sen while above the kumo cloud. The chikou span also cut above the kumo later, there was opportunity to go long at around 2030h. Knowing there was a number of news, was stepping a side.
After 2030h, relook at the ichimoku charting, an opportunity was forthcoming...
Tenkan-sen cut below Jikun-sen while above kumo cloud. The price went into the kumo cloud, and Chikou Span had yet cut below the cloud completely.
Placed a stop in order (50%) just below the cloud, was stopped in the next moment.
Placed another stop in order (50%) below the low of the kumo cloud, was stopped in the next moment.
Price began to trade lower. Set a target profit to close 50% of the position. It was hit
Set another target profit to close 50% of remaining position (25%). It was hit
The remaining was stop loss, it was stopped out.
Called it a day...
EURUSD 03 Oct 2011 Ichimoku Trading
EURUSD 03 Oct 2011 Ichimoku Trading
Price had been trading lower again before 2000h.
Tenkan-sen was diverging from Jikun-sen from 2000h. There was a cross over of Tenkan-sen above the Jikun-sen, chikou-span was still below the price high, no long position established.
Tenkan-sen cross below the Jikun-sen and the price traded below. Placed a stop-in position, (amended subsequently to reduce the position). Was stopped in thereafter.
Tenkan-sen cross above the Jikun-sen again, and the price traded upwards. Closed the position and decided to call it a day.
EURUSD 04 Oct 2011 Ichimoku Trading
EURUSD 04 Oct 2011 Ichimoku Trading
Price had been trending downwards prior to 2000h, and subsequently an short term uptrend appeared.
There was no doubt that the price had already factored everything into it, cannnot ignore the fact on Euro Crisis. It is REAL. Thus favour on the SHORT side of EURUSD.
With news at 2100h and 2200h, decided to use ichimoku with reference to news.
After 2100h, Price already traded below Jikun-sen. Decided to hold on. Price retraced back forming a high higher than previous high. Placed a stop in order below the Jikun-sen for a short. It was triggered.
Price began to trade sideways after stopped in. As 2200h approaching, price traded lower.
There was a rapid move downwards around 20-25 pips after 2200h. Shifted stop loss to break even as this was a ichimoku trade based on news.
The move down did not sustain. Shortly after the stop loss was shifted down, price did a reversal and move above the kumo clouds...
Called it a day...
EurUsd 05 Oct 2011 Ichimoku Trading
EurUsd 05 Oct 2011 Ichimoku Trading
Another day where not much had been made.
Price was trading upward before 2000h, and began to retraced just before 2000h.
Awaited the opportunity that would be arising. Finally the tenkan-sen cut below the jikun-sen. Placed a stop in order awating to get stop in. It happened 2 minutes later.
Price did not trade lower significantly. It was congested and traded sideways.
In anticipation, a limit order to close half the postion was placed, and subseqently cancelled.
Had shifted the stop loss lower, since the price was not moving what had been expected.
Stopped out.
Call it a day...
GBPUSD Daily Oct 2011 Ichimoku Trading
It had been quite some time since I last updated.
As mentioned earlier, I went for an overseas business trip in China, and was occupied with work thereafter.
Nevertheless, have taken a number of positions.
GBPUSD, the trade was initiated on 19 Oct when the price was trading in the ichimoku cloud. The tenkan-sen had already cut above the jikun-sen, and the chikou span is about to cut above the jikun-sen.
In addition to the ichimoku indicators, double bottoms pattern had been formed.
As the price began to moved upwards, had taken another position earlier with reference to Euro-zone debt issues. When the deal was announced later, price moved in favour on the long position of GBP.
Hanging on...
AUDUSD Daily Oct 2011 Ichimoku Trading
AUDUSD Daily Oct 2011 Ichimoku Trading
This was the second position taken for the daily trade.
Probably one of the idea set up in ichimoku trading.
The trade was initiated on 19 Oct 2011.
Tenkan-sen had already cut above the Jikun-sen, and price acceleration as seen from the width between tenkan-sen and jikun-sen.
Price itself was trading just above the kumo cloud. And most of all, the chikou span was about to cut above the jikun-sen.
Though on that day itself, price went against the position initiated. It was still structurally within the ichimoku set up to take a long position.
Of course, with the good news from EU earlier, it helped.
Hanging on...
USDSGD Daily Oct 2011 Ichimoku Trading
USDSGD Daily Oct 2011 Ichimoku Trading
This was the third and position initiated on 19 Oct 2011 for USDSGD. It was taken when the price just traded into the cloud.
Fundamentally, tenkan-sen had already cut below the jikun-sen, chikou-sen was about to cut jikun-sen.
The price on the day on entry went against the short position. Held on to the trade.
A stop in order was placed earlier just below the cloud, and with chikou-span likely to cut below jikun-sen, it was an ideal set up.
The price moved lower thereafter. Again, that was due to the news from EU.
Holding on...
NZDUSD Daily October 2011 Ichimoku Trading
NZDUSD Daily October 2011 Ichimoku Trading
Taken another position on NZDUSD.
Price had been trading upwards.
As usual, the tenkan-sen cut above the jikun-sen while below the kumo cloud. Another important signal was the chikou-sen about to cut above the jikun-sen, it would be idea if it cut above the cloud.
The price moved into the cloud and about to trade above the cloud.
Placed a stop-in order and it was triggered on the day itself.
Will hold the position and see how the trade turns out.
EURUSD 03 Nov 2011 Ichimoku Trading
EURUSD 03 Nov 2011 Ichimoku Trading
It had been quite some time that no intraday trade for EurUsd due to workload. Travelling again during mid November to China.
Look at the price, it was trading above the kumo cloud.
1. Tenkan-sen cut below the jikun-sen while above the cloud. The first signal to signal to initiated a short trade if any one wanted to. After a price period trade below tenkan-sen, intiated a short position while the price traded into the cloud.
2. The first profit taking zone. Closed out partial postion after reaching first target profit zone. also closed partial position from candle stick patterns. When the tenkan sen cut above the jikun sen, closed out partial position again.
3. The second profit taking zone. Price continued to trade lower. Closed out partial position after reaching second target profit zone.
4. Technical exit zone: Tenkan-sen cut above the jikun-sen while below the kumo cloud. First signal of warning that price could reverse. Closed out partial position when price traded to below the cloud. All remaining position closed out when price traded above the cloud.
Called it a day.
Daily Position Trades
Breakeven for USDSGD
Losses for NZDUSD.
AUDUSD and GBPUSD still in positions
The chartings are shown on my blog.
Not posting here.
EURUSD 08 Nov 2011 Ichimoku Trading
EURUSD 08 Nov 2011 Ichimoku Trading
It was another day of news driven events in the Europe.
1. Price traded below the kumo cloud, with tenkan-sen cutting below jikun-sen, initiated a short position.
2. Planning to add on the position, placed a stop in order below the low of the price period form prior, similarly, around where chikou-span will cut below the kumo cloud. Unfortunately, or maybe fortunate enough, it was not triggered.
3. Price took a reversal, was stopped out when price traded above the kumo cloud.
EURUSD 21 Nov 2011 Ichimoku Trading
EURUSD 21 Nov 2011 Ichimoku Trading
Came back from my overseas trip in China.
The position trades had been stopped out.
It had been a very choppy market for the euro.
Price had been trading lower prior to the US market open. Again, trading what the price was telling you.
1. Three bull candles appeared, signalling a possible turn of trends upwards, especially when the price had been trading lower previously.
2. Bought at market as the price turned sharply upwards, with the tenkan-sen cutting above the jikun-sen, and above the kumo cloud. The chikou span had also cut above the price within the 26 period high.
3. Unfortunately, price itself seemed to be exhausted. Tenkan-sen cut below the jikun-sen, and the chikou span also cut below the jikun-sen 26 period back.
4. Exited the trade while the price traded into the cloud.
Called it a day.
USDJPY 22 November 2011 Ichimoku Trading
USDJPY 22 November 2011 Ichimoku Trading
USDJPY price has been trading lower since the BOJ intervention.
The current ichimoku indicators showed some opportunity for mid-term using 8 hour period charting.
Tenkan-sen is about to cut above the Jikun-sen. The whole set up likely to take place while under the kumo cloud. While it maybe early to establish the position, the risk involved for the stop loss associated is also relatively lower compared to when the trend has developed.
Looking forward, it is likely BOJ would want a weaker Yen instead of a stronger Yen for Japan economy recovery.
Will have to see how it will turn out.
EURUSD 22 November 2011 Ichimoku Trading
EURUSD 22 November 2011 Ichimoku Trading
Price had been trending lower in the early US session, below the kumo cloud.
Waited till after 0830h before placing the order.
1. The tenkan-sen was below the jikun-sen, and the price traded below the tenkan-sen. Placed a stop in order below the low of the price. It was triggered soon after.
2. Price continued to trade lower. Placed a limit order, it was not done, cancelled it thereafter.
3. Tenkan-sen cut above the jikun-sen, first signal of a possible reversal. When the price traded near the bottom of the kumo cloud, closed out partial position.
4. Price traded into the cloud. Chikou span also cut the jikun-sen at the same time. A stop loss order was already placed, position closed out.
Called it a day.
USDJPY 22 November 2011 Ichimoku Trading (Continued)
USDJPY 22 November 2011 Ichimoku Trading (Continued)
Continued from the post where the position was established earlier for mid term trade based on 8hr period.
1. The position was initiated and established when the tenkan-sen was about to cut the jikun-sen while below the kumo cloud.
2. The tenkan-sen cut above the jikun-sen while below the cloud, giving the first signal to establish a long position.
3. Chikou span had also cut the tenkan-sen, and approaching to cut the jikun-sen. A good signal to couple with the signal tenkan-sen cutting above jikun-sen while below the cloud.
Continued to hold the position.
USDJPY 22 November 2011 Ichimoku Trading (Continued) Initiated another position
USDJPY 22 November 2011 Ichimoku Trading (Continued) Initiated another position
This is continued from a post made earlier.
1. Had already established a long position in USDJPY earlier before the tenkan-sen cutting above the jikun-sen.
2. Add on another position when the tenkan-sen cut above the jikun-sen.
Note: The chikou span had already cut above the tenkan-sen twice and was about to cut above the jikun-sen when about to establish the second position.
Will hold on to see how it turns out.
USDJPY 22 November 2011 Ichimoku Trading (Continued) Adding more position
USDJPY 22 November 2011 Ichimoku Trading (Continued) Adding more position
Continued from the posts earlier where positions have been established for USDJPY.
Beside the positions established in 1 & 2, continue to add on position in 3. Added when the price was in the kumo cloud.
Holding on to the positions
EURUSD 29 November 2011 Ichimoku Trading Strategy
Took one trade in the office.
It was a good set up by the ichimoku itself.
1. Tenkan-sen above jikun-sen, and above the kumo cloud. Chikou span also cut above the jikun-sen and into the kumo cloud. Initiated a long trade for the price.
It took some time for the price to move.
2. Price went into the cloud. Tenkan sen also cut below jikun-sen. Chikou span also cut below jikun sen. Exit the position.
Good profit.
EURUSD 29 November 2011 Ichimoku Trading Strategy 2nd trade
Second trade for EURUSD.
1. Initiated a trade just before 0800h. A typical ichimoku set up. Tenkan-sen below jikun-sen, and chikou span below the jikun-sen, with price just below the kumo cloud.
2. Placed another sell stop order according to set up. The sell order was triggered later.
3. Price moved up higher after placing the sell stop order, initiated another short trade to add on position.
4. Closed off partial position after reaching target profit.
5. All position closed out.
Good profit.
Re: EURUSD 29 November 2011 Ichimoku Trading Strategy 2nd trade
Quote from resurrector:
Second trade for EURUSD.
1. Initiated a trade just before 0800h. A typical ichimoku set up. Tenkan-sen below jikun-sen, and chikou span below the jikun-sen, with price just below the kumo cloud.
2. Placed another sell stop order according to set up. The sell order was triggered later.
3. Price moved up higher after placing the sell stop order, initiated another short trade to add on position.
4. Closed off partial position after reaching target profit.
5. All position closed out.
Good profit.
Hello, Anyone else know other sites similar to myfxbook.com for Oanda Java Platform? They used to have it but they removed it.
Regards,
res
USDJPY 22 November 2011 Ichimoku Trading (Continued) Closed position
All position closed out through market order. Emotion took over me. Decided to stay out.
Profitable trades.
EURUSD 02 December 2011 Ichimoku Trading Strategy
Had waited till after the released of non-farm payrolls data. (Staying out is also taking a position)
1. Had waited for quite some time. Finally, an ichimoku strategy set up appeared. Tenkan-sen below the jikun-sen, both lines below, or near the lower part of the kumo cloud. Chikou-sen had also cut below the jikun-sen. Price itself also trading lower below the tenkan-sen. Initiated a short position.
2. It took quite some time for the price to trade lower. Closed out the position partially for profit taking. Lower stop loss as it was almost midnight.
3. Stopped out.
Good profit for the day.
(P.S: Stop loss level should be further according to ichimoku strategy. However, it's late here...)
EURUSD 05 December 2011 Ichimoku Trading Strategy
It was quite a slow day from 0800h US timing.
1. Price was trading above the tenkan-sen, with tenkan-sen above the kijun-sen, and above the kumo cloud. The chikou span also cutting above the kumo cloud. Placed a stop in order, which was triggered shortly.
2. Profit target, closed off partial positions
3. Price traded lower, below the kumo cloud. Stopped out. All positions closed.
Call it a day.
EURUSD 06 December 2011 Ichimoku Trading Strategy
It was another slow and steady day with a typical ichimoku trading strategy for EurUsd.
1. Price was trading lower, with tenkan-sen below kijun-sen. chikou span also below kijun-sen, and all three lines below the kumo cloud. Placed a stop in order which was triggered subsequently.
2. Placed order for target profit level to closed partially. Unfortunately, price was just few pips away... Order was cancelled subsequently.
3. Price stopped out in the mid of the cloud.
Profitable day, could be better though, called it a day.
EURUSD 07 December 2011 Ichimoku Trading Strategy
EURUSD 07 December 2011 Ichimoku Trading Strategy
No idea what has happened as of now. Stopped out.
Staying put to see any more trade opportunity. If not, will call it a day.
Please leave a message if you have knew what happened.
EURUSD 09 December 2011 Ichimoku Trading Strategy
The price moved quite a bit prior to the US timing.
1. Awaited for the opportunity to have typical ichimoku trading set up. Placed a stop-in order which was triggered soon after.
2. The first partial closing was for profit taking. When tenkan-sen cut above the kijun-sen, with chikou-span cutting above the 26 period high, closed off partial position again.
3. Price penetrated above the kumo cloud. All position stopped out and closed out.
Called it a day. Some profit for the day.
EURUSD 13 December 2011 Ichimoku Trading Strategy
Not a good trading day...
1. Tenkan sen below kijun sen and both below the kumo cloud. Chikou sen also trading below 26 period low. Placed a stop in order below the price, triggered subsequently.
2. Stop loss was shifted lower when tenkan-sen come in-line with kijun sen. Price penetrated upwards hitting stop loss.
Called it a day. Fed meeting later, probably price will be choppy...
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.
EURUSD 14 December 2011 Ichimoku Trading Strategy
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 15 December 2011 Ichimoku Trading Strategy
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 Ichimoku Trading Strategy
EURUSD Ichimoku Trading Strategy
It had been quite some time since I last posted. After my last business trip in China, went to Taipei for my new year holiday. At the same time, will begin my career with another organization, which will have frequent overseas traveling.
Having said that, continuing on one of my posts earlier, I have added another position to my EURUSD. The previous positions remain. The new add on position was established when the price traded near the bottom of the ichimoku kumo cloud.
Will continue to hold on and shift lower the stop loss level.
EURUSD 09 January 2012 Ichimoku Trading Strategy
EURUSD 09 January 2012 Ichimoku Trading Strategy
It was not a good start to the first intra-day trade for the year 2012.
Price had been moving upwards since the beginning of the day. When the US timing approached, price started to reverse.
Initiated a stop in order shortly after the opening of the US timing (0800h), all important lines were in their position. Tenkan-sen was below kijun-sen, both below the kumo cloud. Chikou Span had also traded below the kumo cloud. The trade was triggered shortly.
Price decided to make a reversal shortly after. Was stopped out above the kumo cloud. Not a good start for the year...
EURUSD 10 January 2012 Ichimoku Trading Strategy
EURUSD 10 January 2012 Ichimoku Trading Strategy
Price was already trading above the kumo cloud during US timing. Waited for some time to have a set up.
When the price went into the kumo cloud around 0830h (US timing), awaited for the set up.
1. Tenkan-sen cut above the jikun-sen while inside the kumo cloud, and the price was trading above the tenkan-sen. Morever, chikou span touched the jikun-sen and rebounded. Placed a stop in order which was triggered after.
2. Price reversed shortly after, penetrating through the thin kumo cloud.
It was unfortunate that the 2nd trade was also a lost.
Tenkan-sen cut above the jikun-sen while inside the kumo cloud, and the price was trading above the tenkan-sen.
Morever, chikou span touched the jikun-sen and rebounded......
lets recap what you are doing.
..........................................................................
The trade ended with a lost.
I started the trade with a long, but was stopped out.
It was followed by a short, but was again stopped out.
This doesn't look at all, good.
It had not been a good day.
The day did not start well.
A day with loss.
A day with losses.
It was again another day of tsunami...
The joy was short-lived though.
Ended the day with little profit.
Not a very good start for the week.
Price cut through Kumo cloud .
Stopped out
Price began to trade lower.
Set a target profit to close 50% of the position. It was hit
Set another target profit to close 50% of remaining position (25%).
It was hit
The remaining was stop loss, it was stopped out
Another day where not much had been made.
Hanging on...
Will have to see how it will turn out.
No idea what has happened as of now. Stopped out.
Not a good trading day...
Unfortunately not.
Place stop-loss level above the kijun-sen. It was hit.
Exit the trade with little profit.
It was not a good start to the first intra-day trade for the year 2012
Placed a stop in order which was triggered after.
It was unfortunate that the 2nd trade was also a lost.
..................................................
self flagellation.
the market does not care about the cloud and this is why 98% never make it in the game.
math guys in control.
s
__________________
the world is so certain yet i walk on thin ice.
Let me advise you
Hi resurrector, good day. I was pointed to this thread by a friend and he asked me to give advise. I hope my advise can do you good. I have been trading with Ichimoku for more than a year and had been trading ichimoku with many other ichimoku traders around the world.
First of all, I would suggest you stick to a base time frame as your entry. Do not jump up and down between different time frames because it may seem bearish on H1 but bullish on H4 and bearish on Daily, you will not know how to trade. Thus, your base time frame should be a time frame that suits your trading life style.
Secondly, to trade a high probability trading, you need to trade in the direction of the higher time frame. If H1 is your base time frame, then use daily as your higher tf. If daily is your base time frame, then use weekly as your higher tf. By trading the direction of the higher time frame, then you will increase your probability of success. On the higher tf, price needs to breakout of the kumo; above kumo for bullish trade setup only or below kumo for bearish trade setup only.
In regards to shopster, you started to chase after market when you met a few losses. Beaware of this mistake and try avoid them next time. When you are unclear, it is adviseable to stay out.
It is true that the market doesn't care about the cloud. But as an ichimoku trader, the cloud is an important element of the ichimoku trading system. That is why as an ichimoku trader, we never pick tops nor bottoms. Our profits are always in between, what I called it - the body. The reason behind this is because I want to cut loss when I am wrong & maximize profits when I am right.
A good example was my recent trade for EURNZD on the H4. I was trailing the EURNZD since 17th Dec 2011 till yesterday, I then got stopped out at the kijun sen.
I hope these replies can do assist you and if not, do not hesitate to ask me any questions. I am more than willing to answer them.
Last but not least, congrats on being a consistent learner. For most people, they would have skipped ichimoku. However, you stayed on for quite sometime. Although 98% did not make it in this game, however, you have the option to be the 2% too.
Good luck!
__________________
Ichimoku Trader.
Trading plan.
Trading plan is important. I call it my bible. If you use it on demo and tested your trading plan over a period of time, then you can trade the live account using this trading plan. By having high discipline to follow the trading plan stictly, it then helps you to reduce emotions. Why is this important? This is because trading is 50% system and 50% psychology.
Here is my ichimoku trading plan.
[Bullish - H1]
1. Price above kumo.
2. Price above TS. TS above KS.
3. Chikou is above previous candle (vertically).
4. Future kumo is bullish
5. In higher TF (daily), price must be above kumo.
[Bearish - H1]
1. Price below kumo.
2. Price below TS. TS below KS.
3. Chikou is below previous candle (vertically).
4. Future kumo is bearish.
5. In higher TF (daily), price must be below kumo.
[Stop Loss]
1. ATR(14) / 2 is used as buffer.
eg: If ATR(14) = 20 , my buffer is 20/2 = 10
2. Stop loss is placed at kijun sen + buffer.
[Take profit]
1. There is no take profit region.
2. Trail along the kijun sen. Every 4-6 hours when you login, just move your stop loss with the kijun sen. When price hits your stop loss, that will be your profit (either + or - )
The above trading plan has been tested with 10 years of data and gives a risk reward ratio of 1:4, and maximum drawdown of 6%. Because it is high probability trading, I use it to see any pairs with less than 8 pips. With around 20 pairs, you increase your probability of catching a high probability setup. 20 pairs are you CRAZY? No, for each pair, it will never take my more than 10 sec to make a trading decision. WHY??? Because Ichimoku is a very visual trading system. You do not draw fibos on it, nor count waves or worry for OB / OS. All you watch out is to find entry as near to the kumo as possible. That way, you will reduce you stop loss range, and get in the trend as early as possible when it just started.
__________________
Ichimoku Trader.
This is because trading is 50% system and 50% psychology.
[Take profit]
1. There is no take profit region.
The above trading plan has been tested with 10 years of data and gives a risk reward ratio of 1:4, and maximum drawdown of 6%.
........................................
Geraldfx
what planet are you on........?
back testing historical fx is " pure crap " and dumping the cloud on your charts makes great art for posters.
the only thing that matters in the game is where is it possibly going.
come back in 12 months and post up your actual win:loss ratio and drawdown %.
trade the hard right edge in real time and prove me wrong.
s
__________________
the world is so certain yet i walk on thin ice.
Quote from shopster:
This is because trading is 50% system and 50% psychology.
[Take profit]
1. There is no take profit region.
........................................
Geraldfx
what planet are you on........?
s
__________________
Ichimoku Trader.
Yes, there is no take profit region. I am a trend trader.
.........................................
you like trend........?
try this .
s
__________________
the world is so certain yet i walk on thin ice.
Quote from shopster:
Yes, there is no take profit region. I am a trend trader.
.........................................
you like trend........?
try this .
s
__________________
Ichimoku Trader.
Quote from shopster:
This is because trading is 50% system and 50% psychology.
[Take profit]
1. There is no take profit region.
The above trading plan has been tested with 10 years of data and gives a risk reward ratio of 1:4, and maximum drawdown of 6%.
........................................
Geraldfx
what planet are you on........?
back testing historical fx is " pure crap " and dumping the cloud on your charts makes great art for posters.
the only thing that matters in the game is where is it possibly going.
come back in 12 months and post up your actual win:loss ratio and drawdown %.
trade the hard right edge in real time and prove me wrong.
s
__________________
Ichimoku Trader.
Quote from GeraldFX:
You are right, what matters in the game is where it is going. The cloud gives me the indication of where it is going. Maybe it didn't work for you, but it does work for most of us.
If it didn't work for you because you wanted to try capture the majority of the trend, then what you were doing was to capture the tops/bottoms. How would you confirm if the trend is about to change?
Last but not least, posting the results of what I would get in a year will prove you nothing. You should know that trading is 50% system and 50% psychology. If your psychology is not as strong as other traders, you will never yell the same results.
One question to you, are you a trend trader yourself?
__________________
the world is so certain yet i walk on thin ice.
My apology, just started with a new organization on Monday as mentioned earlier in my post.
GeraldFx,
I am sorry that I have not made it clear.
I have 2 accounts. One is for my position trading, one is for my intra-day trading.
For my position trading, I am using 8hr time frame.
Those trades mentioned earlier are still open as of now.
For my intra-day trading, I am using 1 min time frame.
Hope that clear the switch between different time frame.
Shopster,
Thanks for sharing.
I never expect the market to care about the cloud, neither am I mathematically inclined to control the market.
Nevertheless, I am just using ichimoku as a trading tool.
Attached: Position established since then. For those not familiar with Oanda, the red line is the stop out level, those icon with arrow pointing down are positions still open as of now.
250 point short stop run in progress.
you should be long at 1.2660
but what do i know........
s
__________________
the world is so certain yet i walk on thin ice.
Quote from shopster:
250 point short stop run in progress.
you should be long at 1.2660
but what do i know........
s
Lagging "indicators" those are nice, makes for good chart colors, pretty...
......................
look.......
a shiny noob retail trader with his head in the cloud
time for a snack.
yum yum
s
__________________
the world is so certain yet i walk on thin ice.
Quote from shopster:
Lagging "indicators" those are nice, makes for good chart colors, pretty...
......................
look.......
a shiny noob retail trader with his head in the cloud
time for a snack.
yum yum
s
nobody gives out " thiere " methods for free....
..............................................
grade 3 spelling counts.
s
__________________
the world is so certain yet i walk on thin ice.
EURUSD Ichimoku Trading Strategy (Long)
All previous short positions closed. Decent profits after staying on with the trend.
New long position established.
(Tenkan-sen cuts above kijun-sen, most of all, chikou-span cuts above the kumo cloud.)
Will look for opportunity to add on position.
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.
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.
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) Continued
This was continued from previous post. Shifted stop-loss level to 1.2850. Flow with the trend.
Ciao
USDJPY Ichimoku Trading Strategy (Long) Continued
This was continued from previous post few days ago. I have established a long position in USDJPY.
Currently I am looking for opportunity to add more position to be confirmed by the price.
Temkan-sen already cut above the kijun-sen. However price still below tenkan-sen. If Price trade above the tenkan-sen, will add more positions conservatively.
Take note this is one of the opportunities mentioned in the previous post. Just one of the Ichimoku trading concepts.
ciao
NZDUSD Ichimoku Trading Strategy (Long)
Was searching around for trading opportunities and found one in the Kiwi.
Again, this is just one of the ichimoku trading concepts.
In general, the trend was downwards for the kiwi, as price has been trading below the kumo cloud. tenkan-sen has been trending below the kijun-sen.
However, tenkan-sen crossed above the kijun-sen at area 1, more important, price is trading above the tenkan-sen. This is general the first signal for any trend change, and relatively weak signal to go long.
The chikou-span, also provide some support to this first long signal, by cutting above the tenkan-sen at area 2.
Established a small position to long the kiwi.
Stop loss is placed below the nearest low as seen by the red line.
Some opportunities to add on position
-Chikou span cut above the kijun-sen
-Price penetrated into the kumo cloud and out of the top of the -kumo cloud.
-Chikou span cut above the top of the kumo cloud
ciao
AUDJPY Ichimoku Trading Strategy (Long)
This trade is similar to the NZDUSD post earlier. And the Ichimoku trading concept is the same
Thus not repeating the same concept here again.
Ciao
Update: EURUSD & USDJPY for Ichimoku Trading
EURUSD
Has shifted the stop loss level for existing EURUSD to 1.27000.
Almost 100 pips away from the Kijun-sen.
Following the trend.
USDJPY
Unfortunately, there is not strength in the USD.
Price made a reversal after touching the kumo cloud.
Stop out.
NZDUSD Ichimoku Trading Strategy (Long) update
This was an update to the previous post for NZDUSD.
Have added more position to go for long.
As usual, based on one of ichimoku trading principles, as price now piercing through the kumo cloud.
Conservative trader may choose to wait till price completely above the Kumo cloud, and chikou span above the Kumo cloud.
ciao.
EURUSD Ichimoku Trading Strategy (Short) Stop out.
This was pertaining to trades established quite some time ago, and referencing to the most recent post made about shifting stop loss level below the kumo cloud.
Currently, there is no EurUsd position. However am looking to build position for the EurUsd.
There is a thick cloud ahead that works either way for the price itself. If price is above the cloud, we could said the trend is reversing with a good support. Similarly, if price fails to penetrate above the cloud, the cloud level is providing good resistance to price itself.
It could be a long or short looking ahead.
Some trading idea based on ichimoku trading concepts:
To go Long:
Build up position if price penetrated above the cloud.
Build up position if price retrace to around 1.2550.
Build up position when chikou span also traded above the cloud.
To go short:
Build up position as price goes below ki-jun sen.
Build up position when tenkan-sen cut below ki-jun sen.
Build up position around 1.2400, which is slightly below the kumo cloud.
ciao.
NZDUSD Ichimoku Trading Strategy (Long) update
This was continued from the previous post.
Shifted stop loss level to below the cloud.
From the cloud ahead, the support at 0.7560 level is not firm, as reflected by the "thin" cloud.
Will be looking at trading opportunities in terms of price bouncing of the tenkan-sen and chikou span trading above the kumo cloud.
ciao.
NZDUSD Ichimoku Trading Strategy (Long) closed
This was a trade established some time ago.
Position had been closed out. (Profitable)
The closed out was not ichimoku driven, but due to position established in the opposite direction for EURO.
ciao
EURUSD Ichimoku Trading Strategy (Short)
A signal came in the morning.
Technically, this was a very early signal. Price penetrated below the jikun-sen, and in the kumo cloud.
Another stop in order was placed to add more short positions should the price traded further downwards in the kumo cloud.
Kumo cloud represents support and resistance. When price entered into the cloud, it meant price has reach to uncertainty status.
In this case, I favor the short.
ciao.
EURUSD Ichimoku Trading Strategy (Short) closed
Unfortunately, the Greece election did not bring bad news to the euro just yet. Was stopped out.
(Did not post it here, as was catching a flight to china. Was reflected on my blog that the trade stop out.)
EURUSD Ichimoku Trading Strategy (Short)
It was very upsetting for the last trades that the position was stopped out.
Nevertheless, continued to established short positions when the ichimoku strategy allowed for it, couple with the economic sentiments for euro.
Will cover some position to recover the loss in the previous trade, and will continue to add more short position as long as opportunity arrives.
EURUSD Ichimoku Trading Strategy (Short) continued
Continued from previous post.
Square off some positions for profit taking.
Positions remained open.
Am looking for opportunities to add short position.
EURUSD Ichimoku Trading Strategy (Short) Continued
This is an update to the short positions from the previous post.
Price has been trading lower after squaring off some position for profit taking. Nevertheless, still looking for opportunities to add some short positions.
Has shifted the stop loss level lower to 1.2500 level.
Looking forward:
Fundamental:
In short, nothing encouraging from the EU.
Technical (Ichimoku):
Tenkan-sen and kijun-sen has been expanding (price acceleration, gap between the 2 lines), price consolidation is anticipated at the white rectangle box as shown in the chart.
The Kumo cloud is getting thicker. Such cloud provide good resistance to the price action below. Similarly, should the price action penetrated above the thick Kumo cloud, followed by the chikou span penetrating above the kumo cloud, it will form good support to the price itself then.
Strategy (Ichimoku) ideas.
Looking to add short position between 1.2250 - 1.2350, or when price trades near kijun-sen.
Stop loss level could be adjusted to 1.2450 then.
EURUSD Ichimoku Trading Strategy (Short) continued
As mentioned in previous post, added new position in 1.2250 to 1.2350 range. Specifically at 1.2250 and 1.2300.
By price action itself, it might be heading to test the level of 1.2160.
Looking at the thick ichmoku cloud formed up ahead, there is strong resistance at 1.2250 level.
Looking forward:
Technical (Ichimoku):
Tenkan-sen and Kijun-sen are converging, a cross over of tenkan-sen above kijun-sen is the first signal of going long should both lines below the cloud.
Strategy (Ichimoku) ideas:
In general, price below the cloud indicate a bearish view. Short position could be added with limit sell at 1.2250.
If adding long position, could consider taking up small position when tenkan-sen cut above jikun-sen.
If price action goes above1.2325, could look to add more long positions.
EURUSD Ichimoku Trading Strategy (Short) continued
Continued from my previous post written few days ago.
3 ichimoku strategies were briefly discussed. I have chosen the first one, "... price below the cloud indicate a bearish view, short position could be added with limit sell at 1.2250.."
Had added another one at 1.2300. In short, more short positions were added during the last few days.
Tenkan sen did cut above jikun sen, and the price action high reached 1.2325. However, there was no momentum to the up swing from the price itself.
Technical (Ichimoku):
Tenkan sen is converging towards jikun-sen between 1.2200 to 1.2250, likely a change towards negative swing in the near term.
Thick kumo cloud ahead provide strong resistance to the price action.
Price action shows support coming in at 1.2150. However, take note if this level is break by the chikou span. It demonstrates the current mode is bearish.
Strategy (Ichimoku)
Do not go long until the path ahead is clearer when revealed by the price itself.
If going short, might look for opportunity around 1.2200 level, using a dollar stop according to individual risk.
EURUSD Ichimoku Trading Strategy (Short) continued
Continued from previous post published few days ago.
Price action has not went went back to 1.2200. Have not done anything for the past few days besides watching the price action itself.
Currently, the price action has traded above the tenkan-sen. Tenkan-sen and Jikun-sen are probably converging towards each other. There might be some price consolidation coming forward. It could be in the range of 1.2100-1.2200.
The Kumo cloud is also getting thinner ahead. There might be chances where the price action will break through the the thin kumo cloud.
Have locked in partial profit and shifted stop loss level to the mid of the kumo cloud for the remaining positions.
Technical (Ichimoku):
Price is trading between tenkan-sen and jikun-sen. With the tenkan-sen and jikun-sen converging, there is chance where tenkan-sen cut above ji-kun-sen.
Chikou Span is not far away from the jikun-sen. With the thin kumo cloud ahead, there is no strong resistance to the price if the price will to start penetrate the kumo cloud.
Strategy (Ichimoku)
The trend remains bearish.
Watch out for tenkan-sen cutting above jikun-sen, and how the price action reveals itself then.
New entrant might consider to establish some long position.
EURUSD Ichimoku Trading Strategy (Short) stopped out
All positions closed out.
These trades had started since early July with positions added on in between.
The bullish candle form earlier has penetrated into the kumo cloud.
While Chikou Span cut above the tenkan sen and jikun sen, tenkan sen had yet cut the jikun sen.
As mentioned in the earlier post, bull believers might choose to take up positions. Taking note of the thick cloud, its takes strength and momentum for the price action to pierce through.
It might be worth considering to stay put taking no position for the next few days while waiting for the price action reveal more.
NZDUSD Ichimoku Trading Strategy (Long) Initiated
Was looking around the currencies pairs, found trading opportunities in the NZDUSD.
The price action had been in a upward trend, and had went into consolidation range.
As per ichimoku charting, the price has cut below, above, below and now above the kumo cloud.
Technical (Ichimoku):
Tenkan-sen has yet cut above the kijun sen, and kijun-sen is till below the kumo cloud. While price action has traded above the kumo cloud, the thin kumo cloud means the support might not be above to hold the price action when it makes a reversal.
An interesting part of the ichimoku charting is the chikou span cutting above the kumo cloud as of now. It also cuts above the price activities that had happened looking forward.
Price itself probably had not decided how it will go in the way forward by looking at the past which happened to be range bound.
Strategy (Ichimoku)
The preceding trend was an upward trend prior to the range bound activities by the price. The accelerated falling price prior to the accelerated increase in price now do demonstrate the buyers are coming in, with sellers standing aside.
Positions has been established as price pierced above the kumo cloud. What is more significant is that chikou span also cuts above the kumo cloud.
More positions added as price continues to pierce above the previous high within the chikou span.
Will have to see how price reveals itself as the days come by.
NZDUSD Ichimoku Trading Strategy (Long) continued
Continued from previous post.
Did not do much since last week.
Price action was choppy since establishing long positions last week.
Have shifted stop loss level higher.
Technical (Ichimoku)
While the price action had been choppy for the last few period, tenkan sen and jikun-sen had not been been able to converged towards each other.
Price itself had not traded near jikun-sen ever since it cut above the jikun-sen
Chikou span had given strong sentiments to the current price action, we could see that those price activities below chikou span will be in a mood of exiting or adding momentum to price action upwards.
Strategy (Ichimoku)
It is advisable to stay put till price itself reveals more information in the periods ahead.
EURUSD Ichimoku Trading Strategy (Long) Initiated
Initiated a long trade in EURUSD, Position sizing according to money stop loss value.
Trade was established as chikou span had penetrated through the kumo cloud, which usually the last and final confirmation of a directional change.
NZDUSD Ichimoku Trading Strategy stopped out
This is an update from previous post.
The long position of the NZDUSD was stopped out couple of hours ago. Have actually shifted the stop loss to protective level few days earlier. All positions closed out with profit.
(This is not a technical stop out as per ichimoku set up)
EURUSD Ichimoku Trading Strategy (Long) update
Update from previous post.
Price has been trading lower after the position established.
Technical (Ichimoku)
Currently, price is trading along the jikun-sen, and tenkan-sen is converging towards jikun-sen. All the action is taking place above the kumo cloud.
The view forward remains bullish but in a conservative manner. It will be encouraging to see that price action trading above 12350 within the next few days, above the kumo cloud upper level.
When price action trades below 12250, where chikou span starts to trade below the jikun-sen, may start to reduce the position sizing. Nevertheless, stop loss level is placed below the kumo cloud.
Strategy (Ichimoku)
If you favor a long:
For new position takers, may want to consider to establish new long position just above the kumo cloud, with stop loss level below the kumo cloud. Specifically, only when price trades above 12325 level.
Ideally, tenkan sen should not cut below jikun-sen or bounce off from jikun-sen when touched. Chikou span should not cut below jikun-sen for the uptrend to remain in tact.
If you favor a short:
For new position takers, may want to look out for few scenarios:
Tenkan-sen cut below jikun-sen
Price traded below kumo cloud
Chikou span cut below jikun-sen.
Depending on where the entry, can consider a money stop loss level or above the kumo cloud if price trading below kumo cloud.
EURUSD Ichimoku Trading Strategy (Long) update
This is continued from previous post. An update to the EURUSD position.
Price has been moving sideways since the move downwards. Price still remain above the kumo cloud, an encouraging sign at the moment.
Technical (Ichimoku)
Price movement today is encouraging, provided it closes high or near high. Reason being the chikou span cut above the jikun-sen. Looking back, chikou span had cut below the jikun-sen very recently, diminishing the upward trend and breaking the support level. Price movement today will be encouraging for traders looking to long.
In addition, tenkan-sen and jikun-sen converge in the kumo cloud. It will be fruitful, depending the price action ahead, if the tenkan-sen can cut above the jikun-sen and move out from the kumo cloud.
Strategy (Ichimoku)
Price levels to watch out will be between 12380 to 12400 (as chikou span cut above all previous highs from current price)
Aggressive position takers could look for establishing long position now, with stops below the kumo cloud. Moderate position takers could look stop in above 12380 to 12400, with stops below the kumo cloud.
USDCAD Ichimoku Trading Strategy (Short) Sharing
This post is for sharing purpose.
Have short positions in USDCAD established since end July.
Prior to the short positions, was looking to go long for the USDCAD as price action was trading upwards and breaking the kumo cloud. However, chikou span still trading below the kumo cloud.
Within the next few periods, a sharp reversal from the price action itself, decided to look for opportunity to go short. Technically, either tenkan-sen cut below jikun-sen or chikou span cut below the lowest low prior to the current price action. Established the first short position when chikou span cut below the lowest low prior to the current price action.
Shortly after establishing the first short position, the second short position was established, a pure price action set when the price traded below the most recent low.
Positions have been maintained till with stop loss level below entry price.
USDJPY Ichimoku Trading Strategy (long) Sharing
This post is for sharing. The position has been closed.
The position was established early August 2012 based on one of the ichimoku strategies, chikou span cutting above the jikun-sen, with price action trading above the tenkan sen, tenkan-sen above jikun-sen.
The trade had taken place while the price action was in the kumo cloud. Technically, price in the kumo cloud represented uncertainty in the direction of the price action. This was "less aggressive" in terms of ichimoku strategies (more aggressive position takers will establish long position below the kumo cloud).
Had exited the postion last week. It was a targeted exit. Technically, tenkan-sen and jikun-sen were diverging, which would suggested price consolidation or contraction in the next few periods.
EURUSD Ichimoku Strategy (Long) update
This was an update from previous post and the current positions for EURUSD.
As mentioned from previous post, aggressive position takers can initiate positions then with stop below the kumo cloud. Waited a day after and initiated a long position with stop loss below the kumo cloud.
Price action had consolidated for few periods before moving upwards in accelerated manner.
Moderate position takers would have established long position around 12380 to 12400 level during Asian session earlier today.
Technical (Ichimoku)
Current price action rally is encouraging, with price trading above tenkan sen, tenkan sen above jikun sen, both above the kumo cloud, and chikou span traded above the past 26 periods high.
What is more important is price itself trading above all period highs from 6 July. Looking back, the net short positions established between price level 12400-12750 from early June to early July will have to make a decision. Exit? Hold? or Add on?
Depending how the price action reveals itself in the coming days, consolidation between 12500-12700 is anticipated. A strong uptrend reversal perhaps could only happen when price traded above 12800.
Strategy (Ichimoku)
If position has been established, may consider exiting some when tenkan-sen and jikun-sen diverge away from each other
If no position, stay put. Aggressive position taker can consider going long when price touches jikun-sen, moderate position taker can consider going long when price touches kumo cloud top. With stop loss below the kumo cloud.
Do not advice to go short.
EURUSD Ichimoku Strategy (Long) update
Continue update from previous post for the EURUSD position.
After the rally up from 12300-12350 level, price itself has been trading between 12500-12600 level. As mentioned previously, it is likely to see consolidation between 12500 to 12700 level. Depending how price unveils itself, there should be support level at 12500.
Technical (Ichimoku)
Tenkan-sen and jikun-sen have converged towards each other. A signal that the price action will be likely to further consolidated around the current level.
Looking forwad, the kumo cloud is getting thicker and higher, it is likely to see support when the price traded near the cloud top.
Strategy (Ichimoku)
Uptrend, to go for long, short not recommended.
Price levels to establish long, between 12500 to 12600, with stops below the kumo cloud.
USDCAD Ichimoku Trading Strategy (Short) Sharing
This is for sharing and updated from previous post
The price action has been trending lower over the period, below the jikun-sen.
Opportunity occurred when price action moved above the jikun-sen and the bottom of the kumo cloud. Established another short position thereafter.
Price traded in the kumo cloud with uncertainty in the direction.
As reflected by the thin kumo cloud now, the resistance for the price action to go above the kumo cloud weaken. Price itself is above the jikun-sen, and near the bottom of the kumo cloud.
Would not consider establish more short position or the intent to go long. Stop loss level is now just above the kumo cloud high.
Should the positions be stopped out, good profit.
EURUSD Ichimoku Strategy (Long) update
An update from the previous post for the EURUSD.
Price itself has been trading upwards after the consolidation level between 12500-12650.
The last few period of the price action resulted the tenkan sen ad jikun-sen diverging. Had closed out partial position to lock in profit.
Technical (Ichimoku)
The upward trending kumo cloud reiterate the upward trend of the price action. However, with the diverging tenkan-sen and jikun-sen, the price action upwards probably accelerated. The converging of the tenkan-sen and jikun-sen, together with the top of kumo cloud, the price action is likely to find cosolidation/support at around 12700 level.
Strategy (Ichimoku)
Consider going long when tenkan-sen and jikun-sen converge or when price action near the base of jikun-sen with stop loss below the kumo cloud.
The uptrend is slow and steady, do not recommend short unless chikou span goes below the kumo cloud low.
USDCAD Ichimoku Trading Strategy (Short) Sharing
Continue update from previous post.
Screen shot was taken yesterday, but was too tired to write the post as it was very late, and z-monster was looking for me.
As mentioned in previous post, did not recommend to go short as the kumo cloud was thin. Price itself did go above the kumo cloud, followed by a quick reversal.
A new short position was established then, as it was new low formed up by the chikou span and the price action itself.
Similarly, one of the position was closed for profit, marked by yellow circle.
Am not sure is it oanda platform glitches, my historical trade was not reflected (marked by a white circle with thin yellow line connecting to it.
As I am writing this post, price action has gone further south. It might be likely that we see the trend to gain momentum in the south direction. Do not recommend long. Short position takers might want to hold till tenkan-sen and jikun-sen converge prior to establish any short positions.
EURUSD Ichimoku Strategy (Long) update
This continued from previous post.
Currently left with only 1 position in EURUSD.
Price itself has been trending upwards. From the tenkan-sen and jikun sen, while they have diverged, the divergence seem to keep in tact.
Technical (Ichimoku)
Everything set in place. It is uptrend.
Strategy (Ichimoku)
Could only look for price itself retracing to the top of the kumo cloud, or when tenkan-sen and jikun-sen converge.
If looking for short, may consider adding stochastic or RSI as alternative indicators, the divergence of tenkan-sen and jikun-sen can be use as a compliment to the over 70 level is stochastic and RSI.
AUDUSD Ichimoku Strategy (Long)
This was a new position established few day ago on AUDUSD.
Not the best setup of all, but good enough to call for a long entry.
Price action was trending upwards and hitting kumo cloud lo, it went into the kumo cloud region, and trade near the cloud lo region.
Tenkan-sen began to cross over the Jikin-sen and diverged out showing strength of the upwards momentum. Price itself was trending upwards after hovering around the cloud lo.
Chikou Span also crossed above the jikun-sen, giving strong signal of the reversal.
Price action also began to pierce through the cloud hi.
Should the chikou-span crossed above the cloud hi would be a perfect set up then. (Chikou span eventually traded above cloud hi)
Entry was made when the price went above the cloud hi.
Will see how the trade turns out from the price action.
USDCAD Ichimoku Trading Strategy (Short) Sharing
This is an update to previous post.
All positions have been closed, based on price action going above the kumo cloud.
Looking back, the positions had been established since end July, couple of positions added along the way, and closed with good profit.
Cheers.
AUDUSD Ichimoku Strategy (Long)
This is an update from previous post.
Price action does not seem to favor the long position established. The rally was short lived.
Technical (Ichimoku)
Tenkan-sen cutting below the jikun-sen, with price actin going below the tenkan-sen. And the price action, tenkan-sen & jikun-sen is now in the kumo cloud region. Chikou span has also cut below the jikun-sen, but not yet creating the lowest low among the periods forward.
Strategy (Ichimoku)
Stop loss level has been raised from previous level, below the kumo cloud and just below the most recent low formed by the price action.
Aggressive position traders can go with a short, with stop loss level above the kumo cloud.
Other levels to consider shorts: when price action traded below the kumo cloud, Or when chikou span cut below the most recent lows.
Do not suggest to go long. Might consider only when price action revert up and cut above the kumo cloud.
EURUSD Ichimoku Strategy (Long) update
This is another update from previous post.
All positions closed. Price action has pierce into the kumo cloud. Those down arrows were all the price which positions were closed gradually.
If you have been following, long positions had been established more than a month back.
Cheers.
The AUDUSD had been stopped out, with a loss.
The loss has been minimized from the initial position as the kumo cloud shifted higher from where it was.
EURUSD Ichimoku Strategy (Short) new
These were new positions established recently after closing off all long positions.
Technical (Ichimoku)
Tenkan-sen has cut below jikun-sen for quite some time while above the kumo cloud. Price action followed through and penetrated into the kumo cloud. Chikou span has also cut below the jikun-sen.
Ideally, price action continues to trade below the kumo cloud, follows by the chikou span cutting below the kumo cloud.
Strategy (Ichimoku)
Short position has been established when price entered into the kumo cloud, taking an aggresive view. Another short position has been added when price action trading new the kumo cloud lo.
Stop loss is placed above the cloud hi.
A thick cloud provide good resistance and support in both ways. Depending how the price action unveils, short position can be added when price action goes below the cloud, or chikou span goes below the cloud.
EURUSD Ichimoku Strategy (Short) new
This is continued from previous post.
After initiated short positions few days ago, continued aggressively to add on new position when price penetrated through the kumo cloud. There was no full period under the cloud, position established in aggressive manner.
Technical (Ichimoku)
Price action reverted back into the kumo cloud showing uncertainty to the direction of the price itself. While tenkan-sen was below jikun sen, possibility of a cross over seem to happen. And chikou span is looking to cut tenkan sen, showing the weakness in the downward move.
The kumo cloud is getting thinner ahead, chances of price cutting above is there.
Strategy (Ichimoku)
If not in position, stay out.
Look out for price action below and above the Kumo Cloud.
GBPUSD Ichimoku Strategy (Short) new
Sharing another ichimoku trade(s).
This was aggressive positions taking.
First position was taken when price penetrated into the kumo cloud, coupled with first signal that tenkan-sen already cut below jikun-sen.
Second position was taken when chikou span cut below the jikun-sen. Price action was in the mid of the kumo cloud.
Third position was taken when tenkan-sen diverge from jikun-sen (again) while in the kumo cloud.
The above positions were taken in aggressive manner.
Technical (Ichimoku)
Tenkan sen has already cut below the jikun sen, and chikou span also cutting below jikun-sen. While price action already below kumo cloud, chikou span still yet to cut below the kumo cloud.
The kumo cloud is getting thinner prior to a thick cloud formation ahead.
Strategy (Ichimoku)
Aggressive position takers can establish short position now since price action already below kumo cloud. More positions can be added when chikou span cut below the kumo cloud.
Stop loss to place higher than the kumo cloud high.
Take note of price action between 8-Oct to 10-Oct. Ideal situation is price action to maintain a distant away from the thin cloud during that period.
EURUSD Ichimoku Strategy (Short) stop out
Update on the current EURUSD position.
All short positions stopped out.
Technical (Ichimoku)
Tenkan-sen above jikun-sen, chikou span has already cut above jikun-sen, and penetrating above the kumo cloud.
Thick kumo cloud ahead, providing good support to the price action forward
Price action trading above the tenkan-sen and kumo cloud, a complete candle period above the kumo cloud.
Strategy (Ichimoku)
This is good to go for a long set up, cannot be more perfect.
Establish long position above the kumo cloud, with stop loss level below the kumo cloud.
NOTE: as this run up was after the First Friday "news" day, I would wait for Monday to go long. Aggressive takers may choose to establish position now.
EURUSD Ichimoku Strategy
As mentioned in previous post, planning to go long on Monday.
Price is trading in the kumo cloud now, not really a good idea that the kumo cloud did not support the price action after the run-up last Friday.
Technical (Ichimoku)
Tenkan sen remains above kijun-sen, however, price is between tenkan and kijun sen, and also in the kumo cloud. Chikou-span also cutting back into the kumo cloud.
Strategy (Ichimoku)
Ideally, the kumo cloud should support the price action. Unfortunately it did not this time round. What we could look out is price action above tenkan-sen again, and look for a long when confirm by the price action.
Aggressive taker can go for either way. If there is a fundamental input that will sway your decision, let that decision be now.
GBPUSD Ichimoku Strategy (Short) update
GBPUSD Ichimoku Strategy (Short) update
This is an update from previous post.
Perhaps luck played a part in this trade. After establishing short positions in the kumo cloud, the price action reverted upwards. Unlike the EURUSD, price action for the GBPUSD had never penetrated above the kumo cloud. Thereafter, touching just the cloud hi, the price action reversed and continued the downward movement.
Technical (Ichimoku)
Downtrend formed up in place. However, the thin kumo cloud ahead reflected that the resistance is not strong. Idea situation is price action trades below 16080 level.
Strategy (Ichimoku)
Short position takers can look for kijun-sen level for establishing short positions with stop loss above cloud hi.
GBPUSD Ichimoku Strategy (Short) update
Continue update from previous post.
Price action had been choppy for the past periods since the positions established.
Tenkan-sen had crossed over kijun-sen thrice, and chikou span had crossed over kijun-sen twice. These itself spelled the volatility of the price action.
Technical (Ichimoku)
Tenkan-sen currently is above the kijun-sen. However, they are converging, and tenkan-sen cutting below the kijun-sen is likely to happen, though not definite. The comfort is chikou span is below kijun-sen currently and it has just cut below the kijun-sen.
Having said that, all lines are below the kumo top, and price action has retraced lower when it just breached the kumo top.
Strategy (Ichimoku)
The price action retracing from the kumo top indicated sellers are waiting to sell, but probably taking a very conservative view with minimal risk.
Short position takers could establish small short position with stop a distant away from the kumo cloud.
GBPUSD Ichimoku Strategy (Short) update
This is a follow up to the previous post.
Price action has been relatively choppy since the previous posting. There is no definite trend which side the price will be heading.
Technical (Ichimoku)
Tenkan-sen is above the kijun-sen, while price action is between tenkan-sen and kijun-sen. Chikou span is about to cut below the kumo cloud. The kumo cloud ahead is turning to be a supporting cloud.
Strategy (Ichimoku)
It could be any side. To go long or short. The only signal as per ichimoku is the tenkan-sen above the kijun-sen. However, that is not really a strong signal in the choppy market condition. Compared to to the price action below the kumo cloud, the chikou span cutting the kijun-sen and going below cloud low.
Another short position added to increase the size.
GBPUSD Ichimoku Strategy (Short) update
The volatile price action had taken the positions out.
Technical (Ichimoku)
The price action had reversed in an accelerated manner after the last short position being established. Tenkan sen remained above the kijun sen, with the price action leading the reversal to above the kumo cloud. The current setting, price above the kumo cloud, tenkan sen above the kijun-sen and chikou-span above the kumo cloud, favour a strong buy signal.
Strategy (Ichimoku)
Based on the setting, it is a recommended buy. The only set back is the thin kumo cloud forming ahead, which also represents a weak support should the price action decides a reversal.
New position taker might want to consider taking a conservative approach in establishing long positions.
*On a side note: with NFP going to be announced tomorrow, might want to stay put at the moment.
GBPJPY Ichimoku Trading Strategy Short on 08-Nov-2012 #01
Was looking around for a position trade, and found GBPJPY. Not the usual currency pair, nevertheless an opportunity underlying.
Technical (Ichimoku)
Tenkan sen just cut below the kijun-sen and chikou span below the kijun-sen. Price itself was in the kumo cloud, and a rising kumo cloud ahead.
Strategy (Ichimoku)
Took a short position, establishing it while price action was in the kumo cloud. Not a strong short signal, entry with small sizing, with stop loss above the forward cloud hi.
NZDUSD Ichimoku Strategy (Short)
Have not traded the kiwi for some time. Was looking around the currency pairs. Decided to have a position for this NZDUSD
Technical (Ichimoku)
Tenkan-sen is currently inline with Kijun-sen, and above the kumo cloud. However, price itself accelerated downward, penetrating the kumo cloud, and now trading below the cloud low. Chikou span has also penetrated below the cloud low due to the price action.
Strategy (Ichimoku)
In general, price action below the cloud low denotes a short. An idea situation will be the price action cutting below the Tenkan sen, the tenkan sen cutting below the kijun-sen, and all trading below the cloud gradually, with chikou span cutting below cloud low as best signa.
Short position has been established. It was established during a pull back and near the cloud lo. Depending how the price unfolds, can look forward to add more position. The AUD and NZS usually trend well.
GBPJPY Ichimoku Trading Strategy Short on 08-Nov-2012 #02
This is an update to previous post established for GBPJPY
As can see from the ichimoku chart, price accelerated downward after establishing the position. Unfortunately, there was no strength in the sell down due to monetary policy with the Japan Government. Fundamental came into play.
Position was stopped eventually.
NZDUSD Ichimoku Strategy (Short) update
This was an update to previous post for the kiwi.
Price action was choppy since the trade established some time ago. There was no momentum in the downtrend.
From the ichimoku charting itself, only tenkan-sen is over kijun-sen while below the kumo cloud. The cloud ahead is not too promising to be a good resistance to the price action itself.
Position closed out after assessing the price action and the surrounding environment.
No losses, except time in the position.
EURUSD Ichimoku Strategy since 21-Nov-2012
The EURUSD price action had been volatile for the past few weeks, fundamentally and technically.
Ichimoku Technical
The very recent move of the price action revealed an accelerated upward move.
Prior to that, tenkan-san cut above the jikun sen some distant below the kumo cloud low. The price action itself began to move above the jikun-sen and tenkan sen and quickly into the kumo cloud region.
The chikou span also cut above the jikun-sen, while below the kumo cloud.
Ichimiku Strategy
Established a long position in EURUSD while the chikou span cut above the jikun-sen, a recut if technically speaking.
Looking forward, depending how the price action reveals itself, a touch at the tenkan-sen could provide opportunity to go long.
EURUSD Ichimoku Strategy since 21-Nov-2012 #2
This is an update from previous post.
Ichimoku Technical
After the earlier up move above the kumo cloud, price action retraced back to near the jikun-sen, now above the tenkan-sen. The thick kumo cloud ahead provides the support to keep the price level up. All ichimoku trading signals give a good uptrend momentum.
Ichimoku Trading Strategy
Continue to see opportunity to establish long positions when price action retrace to tenkan-sen or jikun-sen. Stop loss level to be below cloud.
EURUSD Ichimoku Strategy since 21-Nov-2012 #3
Continued from yesterday's post.
Have added another long position when price action retraced back to where the tenkan-sen.
Ichimoku Technical
Looking forward, tenkan sen and jikun sen are converging, with a higher and thicker kumo ahead. Price action is anticipated to have consolidation around 13000 and above 12970.
Ichimoku Trading Strategy
Depending how the price action unveils itself, long position preferred. Can look to establish long position near the tenkan sen level, or when tenkan sen and jikun sen meet.
My Blog
GBPUSD Ichimoku Trading
Sharing some trades for GBPUSD.
The very first position was taken when price action started to penetrate into the kumo cloud. During then, tenkan-sen had cross over the jikun-sen, and chikou span had cross over the tenkan-sen. Based on these two early signals from the ichimoku strategies, with price piercing through the kumo cloud, long one position.
The second trade was a conservative approach. Tenkan-sen above the Jikun-sen, chikou span above jikun-sen and above the kumo cloud, and price action penetrating above the top of the kumo cloud. Established the second position.
The third and last trade as of now, was established when price action touching the top of kumo cloud. This was add on to the long positions.
Stop loss level below the kumo cloud.
Depending how price action reveals, will react accordingly.
Ichimoku Trading
EURUSD Ichimoku Strategy since 21-Nov-2012 #4
It had been quite a volatile week for the Euro.
After establishing new position as mentioned in previous post, the price action had an upward movement to near 13130 level. that followed by a reversal or retraction to where the price now (12920 level as being check at this instant)
Some positions had been square off to lock in profit for the position established earlier. Also new position had been established when price action went below the jikun sen.
Technical (Ichimoku)
Price action remains around the kumo cloud top, which mean the kumo cloud support comes in play near this level, and the uptrend remains in tact.
However, tenkan-sen is converging towards jikun-sen, and likely to cross under the jikun-sen, the very first signal to go short (if one wants to).
Chikou span still above the tenkan sen, and likely to go below tenkan sen soon.
Strategy (Ichimoku Trading)
The next few periods of the price action will be significant.
Long position takers may choose this window to go long. With the kumo cloud support, price action should reveal accordingly.
Short position takers may start to establish small short position with aim of increasing more short position should price action goes below the cloud.
See how the price action comes about.
Ichimoku Trading
GBPUSD Ichimoku Trading since 21 Nov 2012
Continue update from previous post.
After establishing the positions earlier, price action made a move upwards, and began to pull back to below the jikun-sen.
Established another long position when the price traded near the kumo cloud hi.
Technical (Ichimoku)
Price action remains above the kumo cloud, with tenkan-sen crawling to climb over the jikun-sen. Chikou span has remained in the bullish region by maintaining above the jikun sen.
Strategy (Ichimoku)
Opportunity to go long with price action above the kumo cloud. Price level to look at when tenkan-sen cuts above jikun-sen. or near the kumo cloud high. Placed stop loss below cloud lo.
Ichimoku Trading
EURUSD Ichimoku Strategy since 21-Nov-2012 #5
As per previous post mentioned, there was a pull back in price action to new the cloud hi. Price action actually went into the kumo cloud, and emerged out from the kumo cloud again on the upside.
Decided to add another long position as tenkan sen cut above the jikun sen. The forward cloud is thin. Will need to watch out price action activity around that period.
Technical (Ichimoku)
Tenkan-sen cut about jikun-sen while in the kumo cloud. Price action is clearly above the cloud. Chikou span has cut the tenkan sen and jikun sen, and looking to cut above 26 period price high.
The chikou span provides a clear picture between present price action and past price action activities. What is has demonstrated at one glance is the current price activities compared to 26 periods price activities from the current period.
The question now is will there be more shorts joining the EURUSD or there will be more shorts exiting the EURUSD.
From the chikou span, one could observe within 26 periods, price action fell sharply before making a U turn when it went into the kumo cloud.
Existing shorts within these 26 periods will have to make a decision, to stay or to exit or to add?
New positions taker will have to decide to go with long or short?
Strategy (Ichimoku)
For long, current price level is strategic to go long. For conservative, may want to wait till when price action went above 13130.
For short, aggressive taker may choose to go short and place stop loss above 13130. Else, it may be better to wait till price action goes below the cloud.
Ichimoku Trading
GBPUSD Ichimoku Trading since 21 Nov 2012
Continued update from previous post.
As mentioned previously, price level to look at when tenkan-sen cut above the jikun-sen or near the kumo cloud hi. Price action never fell back to kumo cloud high, but opportunity came when tenkan-sen cut above the jikun-sen. Established another long position to the existing long positions.
Technical (Ichimoku)
All ichimoku signals favor a bullish uptrend. Tenkan sen cut above the jikun sen while above the kumo cloud, chikou span above the kumo cloud, jikun-sen, and most of all, looking to go above within the 26 periods high forward to the current price. The only not so favorable situation is the forward cloud is not thick enough. A thick kumo cloud would give strong support to the price action forward.
Strategy (Ichimoku)
If long, stay put. May want to look to long at tenkan sen and jikin sen level.
Not recommended to go short. If any, aggressive taker may want to short once tenkan-sen cut below jikun sen.
Ichimoku Trading
NZDUSD Ichimoku Trading
This was another sharing trades for NZDUSD.
Took the opportunity to go long on 27 November when price action was trading just above the kumo cloud. Had actually added another positions on the 4 December, which was not reflected after that position was closed earlier this evening.
Profit of 201 pips. Still have another long position established on 27 December. Will take opportunity to square off the position.
Ichimoku Trading
An update to the positions established in GBPUSD.
Closed out the last position established on 12 December. It was established when Tenkan Sen cut above the Jikun-Sen as mentioned in the earlier ichimoku trading post.
It is likely to plan for exit strategy for the remaining positions as I will be going for my year end holiday.
Ichimoku Trading Blog
NZDUSD Ichimoku Trading Closed out
As per mentioned in earlier post on NZDUSD, will take opportunity to close out or exit NZDUSD.
Looking at the tenkan-sen meeting the jikun-sen, had taken the opportunity to exit and close out all NZDUSD position.
Technical (Ichimoku)
Tenkan-sen and Jikun-sen converging and likely to have a cross over. Chikou span is also looking to first cut the tenkan-sen. Thick kumo cloud ahead translating a strong support or resistant depending how the price action react the way forward.
Strategy (Ichimoku)
Where there are signs for short, trend remains upward as long as price action above the kumo cloud. Aggresive short bias may start establishing short position with stop loss above the highest high between now to chikou span. Another opportunity to go short is when chikou span cut below tenkan sen, follow by price action cutting below kumo cloud.
Aggresive long may start to build position now with stops loss just below the kumo cloud low. Otherwise, wait till price action above the tenkan sen.
Ichimoku Trading
GBPUSD Ichimoku Trading since 21 Nov 2012
After taking profit a couple of days ago, price action made a U turn. As mentioned, planning for my exit since going for my year end holiday, all positions were stopped out for the stop loss level placed below the Jikun-sen. Good profits for all the positions built up since 21 November.
Merry Christmas and Happy New Year.
Ichimoku Trading Blog
EURUSD Ichimoku Strategy since 21-Nov-2012 #6
Last post for the year. This is an update to the EURUSD positions established since 21 November 2012. The last post was made on 14 December after adding another position when tenkan sen cut above the jikun-sen.
The very first position was established on 21 November, when price action penetrated into the kumo cloud, with chikou span cutting above jikun sen.
Continued to established more positions as price action keep trending upwards. After Price itself established as earlier peak on 6 Dec, had took partial profit on the positions established earlier.
Thereafter, established 2 more positions, one when price traded near the kumo cloud top, the other when tenkan sen cut above jikun sen again.
Stop loss level is now adjusted to below the jikun-sen. If stop out, all positions will lock in profit pips as shown.
Once again, merry christmas & happy new year.
Ichimoku Trading Blog
A very happy new year. Came back from holidays yesterday night.
As per previous post, placed a stop loss below the kijun-sen. Stop loss triggered earlier today. The only difference was the stop loss level was in the mid of the kumo cloud.
As with the new year, wish every traders another prosperous year.
Ichimoku Trading Blog
EURUSD Ichimoku Trading since 03-Jan-2013 #1
The first trade of the year 2013!
Price action has been moving uptrend since the cross over the kumo cloud. Consolidation was formed since mid December 2012, before the break off yesterday (Probably due to the intermediate resolution to the fiscal cliff).
Technical (Ichimoku)
Tenkan-sen and kijun-sen converged and pointed downwards into the kumo cloud. Chikou span had already cut below the kijun-sen, but remains above the kumo cloud. The forward kumo cloud is getting thinner, resistance may not be strong. Price itself had penetrated into the cloud but yet form a period below the cloud lo.
Strategy (Ichimoku)
With no existing position, established a small short position just at cloud lo. Depending how the price reveals itself in the next few periods, opportunities arise between 13100-13200 or when below 13050. Stop loss level above cloud hi.
Ichimoku Trading Blog
EURUSD Ichimoku Trading since 03-Jan-2013 #2
As mentioned on previous post, opportunities arise when below 13050. Price action accelerated downwards after the position established the day before. However, there was pulled back earlier during the US session. Established another short position.
Technical Analysis (Ichimoku)
Tenkan-sen and kijun-sen remained intact and on its way penetrating through the kumo cloud lo. Chikou span had cut through the cloud lo, but reversing back into the cloud region. Price action is now clearly below the kumo cloud lo. The Kumo ahead remains thin.
Strategy (Ichimoku)
Continue to remain cautious with the thin kumo cloud ahead. Very much is dependent on the price action activity at the thin cloud region. Any increase in position will be done gradually if there is any pull back in price action to near the kumo cloud lo.
Ichimoku Trading Blog
EURUSD Ichimoku Trading since 03-Jan-2013 #3
Continued from previous post.
Price action has been giving a wild swing. It is now above 13200 level. Positions have been established around 13090, 13050, 13200 & 13215 with stop loss @ 13250. Again, may be stopped out soon.
Technical Analysis (Ichimoku)
Tenkan-sen is converging towards kijun-sen, but yet to cut over. And both tenkan-sen and kijun sen are below the kumo cloud. However, chikou span has already cut the kumo cloud hi, but yet to cut tenkan-sen and kijun-sen. Price action itself is above the kijun-sen and below the kumo cloud.
Strategy (Ichimoku)
As with the very first post, opportunities arise below 13050 and above 13100-13200 where the thin kumo cloud is, which provided low resistance and support to the price action. It is happening now. With price action below the thin kumo cloud, it is still a bear trend. Sellers can add short with very limited risk just above the cloud hi. Buyers may want to hold till the confirmation of the price action above the cloud hi. Do take note of the forward cloud support level at 13150.
Ichimoku Trading Blog
EURUSD Ichimoku Trading since 03-Jan-2013 #4
Not the best way to start off the new year.
This is continued from previous post.
All positions stopped out.
Technical Analysis (Ichimoku Charting)
Tenkan sen is above the kijun sen and diverging away. Chikou span is above the kumo cloud. Forward cloud is moving upwards but remains relatively thin.
Trading Strategy (Ichimoku Trading)
The move upward by the price action was rapid. If consider going long, would probably start establish position when tenkan-sen converge towards kijun-sen.
Ichimoku Trading Blog
USDCAD Ichimoku Trading since 18-Jan-2013 #1
It has been quite some time since the last post. Forex movement had been quite choppy in the past few days.
Had been on the look out and spotted an opportunity in the USDCAD.
Technical Analysis (Ichimoku Kinko Hyo)
Price action had been choppy for the last few period while below the ichimoku clouds. Tenkan-sen cut above the kijun in the last few periods while below the ichimoku clouds. Price action had accelerated upwards in the last 2 periods, and penetrated above the ichimoku clouds. More important, chikou span cut above both the tenkan-sen and kijun-sen, and the cloud bottom (chikou span A). The forward ichimoku cloud is thick, good support if price action retraces back.
Trading Strategy (Ichimoku Chart)
Had established a long position with stop loss below the lowest ichimoku clouds level @ 0.9840. May want to consider adding more position if price action falls back to 0.9895 level. Will see how price action reveals itself. Shorts not recommended.
Ichimoku Trading Blog
GBPJPY Ichimoku Trading since 23-Jan-2013 #1
GBPJPY has had a good run for the past few months. Price action finally went below the ichimoku cloud lo.
Technical Analysis (Ichimoku Kinko Hyo)
Tenkan sen is now below kijun-sen, both are in the kumo cloud range. Chikou span had cut below the kijun sen, and penetrated below cloud hi into the kumo. There is still some distant not far away from the cloud lo.
The forward cloud also demonstrated a change, the short term senkou span A is cutting below the long term senkou span B. More important, price action already below cloud lo.
Trading Strategy (Ichimoku Charting)
A very good opportunity to start establish short position with stop loss above the cloud hi. The best ideal case is for the price action falling below 139.35 within the next 5-7 days.
Ichimoku Trading
Continued from the earlier post, it was another choppy session for the GBPJPY. The price action downwards was short lived. The position was stop out.
Technical Analysis (Ichimoku Kinko Hyo)
Tenkan-sen is in the process of going over kijun-sen, with both lines taking the action in the kumo cloud.. Chikou span is bullish by mean of cutting tenkan-sen and kijun-sen. More important, breaking new 26 periods high. The kumo forward is not relatively thin or thinck. However, it does show the short term trend is edging upwards.
Trading Strategy (Ichimoku Charting)
While price itself is bullish, it remains to be seen. With tenkan-sen and kijun-sen in the cloud, it may pull back the pricing action to a more equilibrium state.
If long bias, establish long only near the cloud hi., else find other market.
Ichimoku Trading Blog
Ichimoku Trading Strategy: USDCAD forex trading since 18-Jan-2013 #2
An update from the previous post on the USDCAD forex position. Since establishing the position, the price action consolidated for a couple of periods before exploding up north breaking the 1.0000 level.
Technical Analysis (Ichimoku Kinko Hyo)
Every components within the ichimoku chart is very bullish. The ichimoku cloud has also raised the support level in the periods to come.
Trading Strategy (Ichimoku trading)
If position already established, stay put. If not in position, nearest support level to establish new long position will be at 1.000 level as of now. Depending how the price action in the coming periods, the likelihood of a consolidation for the price activities is high.
Ichimoku Trading Blog
Time Lag
I used Ichimoku before when I was working with Japanese trader in Tokyo. One good thing about Ichimoku is that it allows you to stay in a trade when market is trending, allowing you to take most of the trend, but when market is chopping, you can get whipsawed easily
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ETcurrency.
com
Trading less fearsome.
Ichimoku Trading Strategy: AUDUSD forex trading since 24-Jan-2013 #1
Established a short position in AUDUSD few periods ago when it traded below the ichimoku cloud. Price action since then has been drifted downwards.
Technical Analysis (Ichimoku Kinko Hyo)
Tenkan sen is just below the kijun sen, both heading southward going to break the ichimoku cloud lo. Chikou span had cut below the ichimoku cloud lo for quite some periods. The forward cloud is thick and turning bearish.
Trading Strategy (Ichimoku Trading)
Depending how the price action in the next few periods, these is not much trading opportunity. Any increase interest in the audusd activities will probably see saw the price action. Watch out.
Ichimoku Trading Blog
Ichimoku Trading Strategy: USDCAD forex trading since 18-Jan-2013 #3
Price action rallied since establishing the position on 18 January, it reached its top at 1.0100.
Technical Analysis (Ichimoku Charting)
After rallying to its recent top in the last few periods, price action retraced downwards to the current level. Tenkan sen has also cut below the kijun-sen. Chikou span has now cut the tenkan sen while maintaining above the kijun-sen. All remain above the ichimoku cloud. The forward cloud is getting thicker for the next few periods.
Trading Strategies (Ichimoku Trading)
With price action above the ichimoku cloud, the immediate short term to mid term view remains bullish. While the immediate sign from tenkan sen cutting below kijun sen represent a change in trend, this change probably is view as a retrace from the recent high established by the price itself.
Long position added with stop loss level below the cloud.
Any real shorts, consider only when below 9940.
Ichimoku Trading
Ichimoku Trading Strategy: AUDUSD forex trading since 24-Jan-2013 #2
Price action has been falling south since position first established below the cloud. It had briefly touch the ichimoku cloud low again some time 30/311 January 2013. Nevertheless, it has drifted lower since then.
Has added another position in the last few periods. Price has drifted lower by almost 100 pips.
Technical Analysis (Ichimoku Charting)
Tenkan sen converges towards kijun-sen after widening seen in the last few periods. Price action has also lowered quite a distant away from both the tenkan-sen and kijun-sen. Chikou span remains below tenkan-sen and kijun sen. More important, it is below among the 26 periods forward. The ichimoku cloud is tilting southwards and getting thicker. The thick ichimoku cloud will provide the resistance to the price action if it trends upwards.
Trading Strategy (Ichimoku Trading)
Resistance level anticipated around 1.0380. Dun recommend long, if need to, entry with fixed stop, target profit level at below the cloud.
Else, await for opportunity, go for short near tenkan-sen level with stop loss above ichimoku cloud.
Ichimoku Trading Blog
Ichimoku Trading Strategy: USDJPY forex trading since 09-Jan-2013 #1
This is the first write up for the USDJPY trades. 2 long positions were established last month, another just established earlier.
Technical Analysis (Ichimoku Charting)
USDJPY has been trending upwards since last October. The price action has been trending well with all the ichimoku indicators. It had only touched the cloud lo some time last November. Other times it has been well supported by the kijun-sen. The ichimoku cloud remains constantly thick forward looking, continue to see support from the ichimoku cloud to the price action.
Trading Strategy (Ichimoku Trading)
Decided to establish another long position since price action reacted when it touched the kijun-sen in the recent move. Until price reveals itself accordingly, will not recommend short.
Ichimoku Trading
Ichimoku Trading Strategy: AUDUSD forex trading since 24-Jan-2013 #3
Established another short position on 13 Feb when price action touched kijun-sen. Currently holding 3 short positions at 1.0464, 1.0396 & 1.0340.
Technical Analysis (Ichimoku Charting)
Tenkan-sen and Kijun-sen converging towards each other below the ichimoku cloud.Chikou span failed to break the 26 periods high looking forward. The kumo cloud is thick for the periods ahead providing the resistance to the price action.
Trading Strategies (Ichimoku Trading)
The trend continues its downward movement. Price action needs to break above ichimoku cloud @ 1.0400 level for a change in trend direction. While it is not impossible, it is not likely till price action proves it itself. Entry for short may consider current with stop at above the kumo cloud, or may choose conservative entry near the kumo cloud low. Entry for long would only be considered when 1.0380 is breached and actual entry would only be consider when price action break 1.0400.
Ichimoku Trading Blog
Ichimoku Trading Strategy: USDJPY forex trading since 09-Jan-2013 #2
Update from previous post. All long positions stopped out with minimal profit.
Technical Analysis (Ichimoku Charting)
Price action had went below the ichimoku cloud lo, but bounced back into the kumo region. Tenkan-sen inline with kijun-sen, and chikou span had cut below the kijun-sen. None of the lines is below the ichimoku cloud. The forward cloud is beginning to show signs of change, awaiting further confirmation from the kumo cloud itself.
Ichimoku Trading Strategies
A change in trend will only be considered when chikou span cut below the ichimoku cloud. If not, still favour a long when should the price action emerge out from the ichimoku cloud hi.
Aggressive taker can choose to go long or short now while price is in the kumo region, with stop loss at the other end of the cloud.
Singapore Ichimoku Trader
Ichimoku Trading Strategy: AUDUSD forex trading since 24-Jan-2013 #5
An update from previous ichimoku post.
After establishing the last short position on 21 Feb, price action did a reversal, touched the ichimoku cloud lo. It did not manage to penetrate through the cloud. Price continued to trend downwards to the target price level 10200. Will close out some position to lock in profit after this post.
Technical Analysis (Ichimoku Charting)
Tenkan sen, Kijun sen and Chikou span are all in line in bearish formation, very much a reflection of the downward trend of the price action. It is not likely to see a trend change in the near term. The forward ichimoku cloud in downward direction and remain relatively thick, providing resistance to the price action..
Trading Strategies (Ichimoku Trading)
Do not recommend long. Any long will be looking at price action proving that a trend change emerging, that only when price action is between between 10280-10360 in near term.
Look for short when price action reverse back to near Kijun sen, with stop loss above the ichimoku cloud hi.
Singapore Ichimoku Trader
Ichimoku Trading Strategy: AUDUSD forex trading since 24-Jan-2013 #6
It has been quite some time since I last posted. I was busy relocating to my new home.
Continue from the last ichimoku audusd post.
I have squared off another position with some profit as can be seen on the up blue triangle. Current left with one open position, with stop loss at the red line level.
Technical Analysis (Ichimoku Charting)
Tenkan-sen is above the kijun-sen, and chikou span as cut above both the tenkan-sen and kijun-sen. And all remain below the ichimoku cloud. Price action itself has already cut above the ichimoku cloud though. The forward ichimoku cloud is thin, while it can provide support to the price action activities ahead. After such a quick strong trend dowards, a chikou span above the ichimoku cloud would be a more convincing trend change.
Trading Strategies (Ichimoku Trading)
Aggressive traders may choose to go long with stop loss below the ichimoku cloud. Similarly, for those with a view to go short, may consider to go short now, with stop loss near the red line level or a money stop loss
Else, for long traders, look out for chikou span cutting above the ichimoku cloud. For short traders, await for price action to go below the ichimoku cloud again.
Singapore Ichimoku Trader
Ichimoku Trading Strategy: AUDUSD forex trading since 24-Jan-2013 #7
An update from previous ichimoku audusd blog. Shortly after that blog, position was stopped out. A re-emtry was made that night when returned from work. Good profit, though could be better, from the audusd trades.
Now having long position. Depending how the price action turns out, and how the ichimoku charting presents itself, to trade accordingly.
Singapore Ichimoku Trader
Ichimoku Trading Strategy: AUDUSD forex trading since 14-Mar-2013 #1
Continued from previous post on the long audusd.
Technical Analysis (Ichimoku Charting)
Tenkan-sen, kijun-sen and chikou span showing respective bullish positions. Price action however has traded below the kijun-sen. Nevertheless, the ichimoku cloud has formed up and relatively thick, providing support to the current bullish trend.
Trading Strategies (Ichimoku Trading)
Long players may choose to enter position for long, with stops below the kumo cloud.
Short position is not recommended, unless for fundamental reasoning.
Singapore Ichimoku Trader
Ichimoku Trading Strategy: EURUSD forex trading since 09-Feb-2013 #1
These positions remain open. Just for sharing purpose.
On 9 Feb, decided to establish an aggressive position in EURUSD by going short while price action above the kumo cloud.
It was based on tenkan sen below kijun sen, chikou span on kijun-sen, and price action below kijun-sen, and entry established near the kumo cloud hi.
On 25 Feb, added another short position in EURUSD.
A typical entry, awaiting the chikou span cutting below the kumo cloud lo, and near the kijun-sen.
Price has been trending lower. The kumo cloud ahead is thin. There might not be resistance in the price action, and trend could be choppy going forward.
Singapore Ichimoku Trader
Ichimoku Trading Strategy: EURUSD forex trading since 09-Feb-2013 #2
A quick update from previous post.
All positions closed out with profit.
Establish new long position with stop - loss at 12800 level.
Singapore Ichimoku Trader
Ichimoku Trading Strategy: EURUSD forex trading since 10-Apr-2013 #1
As mentioned in previous post, established new position after closing out.
Technical Analysis (Ichimoku Charting)
A typical bull call for ichimoku charting technique, with the confirmation signal from the chikou span cutting above the kumo cloud.
Ichimoku Trading Strategies
A long established. Conservative entry can wait when price action reach tenkan-sen or kijun-sen with stop below kumo cloud.
Singapore Ichimoku Trader
An update from previous ichimoku post for AUDUSD.
Long positions were stopped out for AUDUSD as price action touched the kumo cloud lo.
Technical Analysis (Ichimoku Charting)
Tenkan sen has not cut below the Kijun-sen. However, chikou span has already cut below tenkan-sen and kijun-sen 26 periods back. Kumo cloud ahead is getting thinner which can work both way for the bulls and bears. Price action is now near the ichimoku cloud lo.
Trading Strategies (Ichinoku Trading)
The thin kumo cloud provides neither support or resistance to the price action forward. An upward trend cloud suggesting on the bullish. Nevertheless, chikou span gave an indication about the trading activities between now and 26 period back. It can be seen bullishness in the past 26 periods has been diminished by the sharp drop of price action.
Stay out till after 24 Apr.
Aggressive trader may want to look at short with stop over the cloud hi.
Conservative trader may consider going long when price goes above 10450.
Singapore Ichimoku Trader
Ichimoku Trading Strategy: EURUSD forex trading since 10-Apr-2013 #2
Continued from previous ichimoku blog.
Technical Analysis (Ichimoku Charting)
Price action was quite choppy within a small range, and remained above the ichimoku cloud. Not much changes from tenkan-sen, kijun-sen or chikou span except convergence of tenkan sen and kijun-sen. Forward kumo cloud getting thicker, providing support to the upward trend.
Trading Strategies (Ichimoku Trading)
Established another position during the convergence period. Stop loss below the kumo cloud. With the thick kumo cloud ahead, can look for opportunities to long when price action trades near the tenkan-sen for aggressive taker, or kijun-sen if more conservative.
Singapore Ichimoku Trader
It’s time to sell GbpUsd, at least according to Ichimoku.
A perfect entry timing. GbpUsd reacts positively on the resistance of 1.54 and start the trend reversal. The new target of the short trade is still 1.503-1.51.
The bull market is confirmed for UsdCad. The Ichimoku cloud has rejected the reversal attempt and now the 5th bullish wave should be started
Resistances for EurUsd: is it time to go short??
Ichimoku Trading Strategy: EURUSD forex trading since 10-Apr-2013 #3
Continued update from previous ichimoku blog.
Technical Analysis (Ichimoku Charting)
Tenkan sen has now cut below kijun sen, chikou span has also now cut below the tenkan-sen. The forward kumo cloud is getting thicker. Price action itself also trading below the tenkan-sen and kijun-sen. The bullish trend continues to be in tact as far as the price action is above the kumo cloud. Nevertheless, the various signals could hint a bearish thought in a bullish environment. The thick kumo cloud provide the support required for the bull trend to maintain. A need of stronger bearish sentiment to have a change from bullish trend to bearish trend.
Trading Strategies (Ichimoku Trading)
Current level is appropriate for conservative takers to embark on the bullish trade. Have added another position when the price action retreated significantly a couple of days ago. Maintain bullish view with stop loss below cloud lo. Unless price goes below the cloud, else maintain bullish view.
Singapore Ichimoku Trader
The weekly chart of EurAud indicates how the resistance is under pressure. The signal of the lagging line is still missing and this makes me think about a possible retracement in the short time.
The Ichimoku clouds are far from UsdJpy; first support in area 97
Ichimoku Trading Strategy: GBPUSD forex trading since 25-Mar-2013 #1
Just some trades to share with on GBPUSD.
The first trade was established on 25 March 2013. A conservative approach towards using the ichimoku charting. Both tenkan-sen and kijun sen had cut above the kumo cloud earlier, followed by the chikou span. Await price action pulled back towards kijun-sen, then established first trade.
The second trade was established after the price action reacted north direction after touching the kumo cloud low. Similarly, established near the tenkan-sen level, as price action reacted when tenkan-sen was touched.
Third trade was established more of adding on to the bullish move. Tenkan-sen pulled back to kijun sen, established another trade upon that.
Nevertheless, price action pulled back, touching the kumo cloud lo. Continued to see the price action head north upon touching the kumo cloud lo.
The current pattern is very similar to how second trade was established. May want to look for opportunity to go long during pull back. At tenkan sen or kijun-sen? The forward cloud is thin, but changing towards a bullish cloud. With stop below the cloud, aggressively will establish when price pull back to tenkan-sen. Conservatively may want to wait till at kijun-sen.
As much as hope is there, prepare for the worse...
Singapore Ichimoku Trader
Buy UsdSgd according to the Ichimoku cloud.
In sight support for UsdZar: here we return long.
EurHuf on the supports!!
Ichimoku Trading Strategy: EURUSD forex trading since 10-Apr-2013 #4
An update from previous ichimoku blog's post.
Technical Analysis (Ichimoku Charting)
After establishing another position couple of days ago, price action was quite choppy thereafter. It had went into the ichimoku cloud, increasing the chance of a reversal should it trade below the ichimoku cloud. Tenkan-sen, kijun-sen had a cross over signaling the trend change, couple with the chikou span going below both the tenkan-sen and kijun-sen. However, just at the kumo cloud low, price action made another reversal upwards. Similarly, both the tenkan-sen and kijun-sen had a bullish trend cross over. More important, chikou span had also cut above both sen.
Trading Strategies (Ichimoku Trading)
No further elaboration is needed with the fact that both sens are in bullish direction couple with chikou span above boths sens and above the kumo cloud indicate a bullish view. The concerns ahead are the thin ichimoku cloud and a negative cloud prior to a positive cloud change. Aggressive trade will be to establish position with stop loss below the kumo cloud. Alternatively, a stop in above the recent high.
Singapore Ichimoku Trader
False bullish signal for the Cable!
Another chance to enter long on EurGbp.
Ichimoku Trading Strategy: EURUSD forex trading since 10-Apr-2013 #5
An update from previous ichimoku blog post.
A new high had established since last ichimoku blog post. However, price action formed a retreat after establishing new high.
Technical Analysis (Ichimoku Charting)
Tenkan-sen cut below kijun sen, and chikou span is now into the kumo cloud. Price action itself is into kumo cloud too. The forward bullish cloud is everything but encouraging due to its thinness.
Trading Strategies (Ichimoku Trading)
Stop loss level below the cloud will provide minimal risk if position on the long is established now. Short players may add on or establish position when price trades below the cloud with stop loss above the cloud. Maintaining my existing positions. Price itself will let you know if you are right or wrong. Manage the risk and let the profit grow when there is.
Singapore Ichimoku Trader Trading Forex
Short signal for AudUsd
Still no bullish signals for EurUsd.
Supports of EurNok in sight.
The short signal is still missing on NzdUsd. We are now on the key support including the 200 days moving average.
EurAud at 1.30 has a strong resistance and, according to the rules of the Ichimoku cloud, on a weekly scale there is no trend reversal yet.
The bearish signal on EurCad is confirmed!
The bearish signal on NzdUsd is confirmed.
Both the EURUSD and GBPUSD positions were stopped out. Prices penetrated below the kumo cloud, with chikou span cutting below the kumo cloud too.
Unfruitful past 1.5 months.
Awaiting to hop on again.
Singapore Ichimoku Trader Trading Forex
Dollar Index, the bullish trend is confirmed.
Bullish signal on GbpChf
Long term bullish signal on UsdTry.
Ichimoku Trading Strategies USDCAD 14 May 2013 #1
Established 2 positions in USDCAD since 14 May 2013.
The first position was established when price action was in the ichimoku cloud. The basic principle was tenkan-sen cut above the kijun-sen and chijou span cut above the kijun-sen. These happened when price action was in the ichimoku cloud.
The second position was established when price action retreated to ichimoku cloud top. A question of doubt may arise why not established when price action first penetrated above the ichimoku cloud top? The answer is "yes you may and if you want to" Nevertheless, that shall not stop you to establish new position when price retreated back to the cloud top, regardless if you had previously established any or not, provided all these are done with proper risk and money management.
Technical Analysis (Ichimoku Charting)
The price action is now gaining momentum in the upward direction. All ichimoku components favor a bullish signals to USDCAD. This is further confirmed by the price action passing through a thick bearish ichimoku cloud. The forward bullish ichimoku cloud is forming and relatively thin, indicating of thin support to the price action if any quick reversal will to occur.
Ichimoku Trading Strategies
Looking at where the price is now, better to stay put. Long may established around tenkan-sen or kijun-sen level. Would you want to wait till the ichimoku cloud top? No, as chikou span will cut into the cloud then, and views may change. Stop loss to be below the ichimoku cloud lo. Risk of pips is high, therefore the sizing of the position will have to be reduced to be in proper risk management level.
Singapore Ichimoku Trader Trading Forex
Bullish signal for UsdBrl
Resistance for UsdMxn.
Great reaction on the long term support for UsdTry.
The supports of EurJpy are still far according to the rules of Ichimoku. Ideally the entry areas are 125/126.
Resistance area for EurPln
Strong resistance for UsdMxn
Long signal on UsdSek
Long term trend reversal on UsdSgd?
Bullish signals for UsdKrw.
Correction protected from the cloud for UsdChf. At this level we can go long.
Ichimoku Trading Strategies USDCHF 27-May-2013 #1
Had established short position when chikou span cut below the kijun-sen. Established another at the cloud lo.
Technical Analysis (Ichimoku Charting)
Tenkan-sen has cut below kijun-sen since 27 May, coincidenty chikou span has also cut below the kijun-sen. Both the tenkan-sen and kijun-sen are in the ichimoku cloud, while chikou span remains above the ichimoku cloud. Price action is now below the ichimoku cloud lo and the forward cloud is turning negative.
Trading Strategies (Ichimoku Trading)
With the price action below the ichimoku cloud lo, it calls for a short, what is lacking is the chikou span cutting below the cloud low. With a chikou span cutting below the ichimoku cloud low, it firms up the negative environment to the price activities. Shorts may start to accumulate positions with stops above the cloud hi.
Singapore Ichimoku Trader Trading Forex
Support in sight for ChfJpy.
Ichimoku Trading Strategies EURUSD 27-May-2013 #1
Established a long position when price action touched the ichimoku cloud low. Tenkan-sen had cut over kijun-sen, and chikou span had cut over both the tenkan-sen and kijun-sen. The forward ichimoku cloud still bearish then and thick. However, a break above the cloud will signify a good bull run.
Technical Analysis (Ichimoku Charting)
Price action has now pierced through the thick bearish ichimoku cloud, chikou span has also cut above the kumo cloud. The forward bullish cloud remains thin, and support to the price action will be a concern. This has been eased off by price itself cutting through the bearish kumo cloud.
Trading Strategies (Ichimoku Trading)
The kijun-sen seems to be providing support to the price action at 12950 on 2 previous occasions. Aggressive takers may consider long at tenkan-sen level, conservative will look at kijun-sen to establish long. Not likely to consider to go long near the kumo cloud top, as the cloud itself is thin. It may just be the turning point from bull to bear.
Singapore Ichimoku Trader Trading Forex
Resistance for EurUsd...
Weekly resistance for EurSek.
Ichimoku Trading Strategies USDJPY 27-May-2013 #1
Established a short position when the price action went into the ichimoku cloud, supported by the tenkan sen cutting below the kijun-sen, and chikou span approaching to cut the kijun-sen (it actually retraced upwards there after). Price action never really went above the ichimoku cloud, it came south, breaking the cloud lo, followed by chikou span cutting below cloud lo. Currently with go profit 400 pips ++.
Technical Analysis (Ichimoku Charting)
The downward move is gaining momentum, all indicators from the ichimoku indicated bear move now. The gap between the tenkan-sen and kijun-sen could signify further expansion of price action forthcoming. The forward bearish cloud has turned south sharply, providing the resistance needed. A thick cloud would be preferred though.
Trading Strategies (Ichimoku Trading)
Aggressive short to establish near the tenkan-sen, with stop loss above cloud. A wide stop, reduce the lot size to manage the risk. Or hold till 14-15 Jun to assess the price activity then.
Singapore Ichimoku Trader Trading Forex
A bullish break for EurUsd?
Ichimoku Trading Strategies for Forex USDCHF 27-May-2013 #2
Continued from previous forex blog. Price action started to drifted lower since the last blog for USDCHF. Added another position when the price action pulled back to kijun-sen.
Forex Technical Analysis (Ichimoku Charting)
Tenkan-sen, kijun-sen and chikou span are all in the bearish territory. Together with the forward bearish kumo cloud, it provides strong resistance to the price action.
Forex Trading Strategies (Ichimoku Trading)
Kijun-sen or the cloud lo are favorable positions to add on more shorts with stop loss above the cloud hi.
Singapore Ichimoku Trader Trading Forex
Ichimoku Trading Strategies for Forex USDJPY 27-May-2013 #2
Continued from previous forex blog. Unfortunately could not wait till 14-15 Jun to assess the price action then. Since the last post, price action had a major pull back above the the kijun-sen. Added another short positions. There is now good profit to be taken, probably the question is at what level?
Technical Analysis (Ichimoku Charting)
All indicators from the ichimoku itself indicate bearish outlook. There is not bullish signal near term. The only weakest link in the bearish mood is the thin kumo cloud ahead.
Forex Trading Strategies (Ichimoku Trading)
It is better to take a conservative approach to establish new short position when price action is near the kijun-sen level with stop loss above the ichimoku cloud hi.
Singapore Ichimoku Trader Trading Forex
Ichimoku Trading Strategies for Forex USDJPY 27-Ma...
Established a new position in NZDUSD.
Technical Analysis (Ichimoku Charting)
Tenkan-sen cut over the kijun sen while below the ichimoku cloud. Chikou span has also cut above the tenkan-sen and kijun sen. The forward bearish cloud is turning bullish. More important, price action is cutting above the ichimoku cloud.
Forex Trading Strategies (Ichimoku Trading)
Established long position, with stop loss below the cloud lo(west). Things to note ahead will be chikou span cutting above the ichimoku cloud and price action maintaining above cloud hi.
Singapore Ichimoku Trader Trading Forex
Ideal supports for a long entry on EurChf.
Ichimoku Trading Strategies for Forex NZDUSD 14-Jun-2013 #2
Continued from previous ichimoku blog post. Established another long position at the cloud lo. Stop loss level remains the same.
Technical Analysis (Ichimoku Charting)
Price action pulled back after the long position established few days ago, going into the ichimoku cloud low level. Tenkan sen is above the kijun sen and above the cloud hi, whereas kijun sen is still below cloud lo. Chikou span while above the tenkan-sen and kijun-sen, remains below the ichimoku cloud lo. The forward Ichimoku cloud remains bullish, and it gets thinner.
While another school of thoughts will probably looking to sell when price action below the ichimoku cloud lo, it can be, if ignoring the other ichimoku indicators.
Price action itself took major strength to for a reversal from the recent low, resulting tenkan-sen cutting above kijun-sen, price action above the cloud hi, chikou span cutting above tenkan-sen and kijun sen, and the bearish cloud to bullish cloud.
The threat for an emerging bearish sign will be considered when tenkan-sen below the kijun-sen.
Forex Trading Strategies (Ichimoku Trading)
Remain conservative, establish long position with stop loss below lowest cloud lo level forward. If tenkan-sen cut below kijun-sen, prepare for exit strategy.
Alternative school of thoughts can consider going short below cloud low with stop loss above cloud high.
Singapore Ichimoku Trader Trading Forex
A new start upward for UsdMxm.
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