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.
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.
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.
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.
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
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
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
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.
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.