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resurrector
Registered: Jul 2004
Posts: 183 |
09-22-11 12:36 PM
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.
This is a follow up to the trade made earlier.
Price has moved significantly lower since 06 Sep, around 6++ pips.
 gbpusd ichimoku forex singapore fx trading 06sep2011-1-2.jpg
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resurrector
Registered: Jul 2004
Posts: 183 |
09-23-11 02:41 AM
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 ichimoku forex singapore fx trading 22sep2011-1-1.jpg
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resurrector
Registered: Jul 2004
Posts: 183 |
09-23-11 03:07 PM
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.
eurusd ichimoku forex singapore fx trading 23sep2011-1-1.jpg
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resurrector
Registered: Jul 2004
Posts: 183 |
09-26-11 05:13 PM
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.
eurusd ichimoku forex singapore fx trading 26sep2011-1-1.jpg
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resurrector
Registered: Jul 2004
Posts: 183 |
09-27-11 02:36 PM
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?
eurusd ichimoku trading forex singapore fx trader 27sep2011-1-2.jpg
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