Ichimoku Trading Strategies AUDUSD 16-July-2013 #3 Coming to the end of the week, it's weekend tomorrow! Price action gave a scare this week, touching and cutting through cloud lo, and rebounded back above the cloud. Also mentioned previously was the level 9300, it continued to be a resistance level for the price action to break through. Added another long position near the kijun-sen. Technical Analysis (Ichimoku Charting) Tenkan-sen is currently below the kijun-sen, while the price action and chikou-span remain above. The forward ichimoku cloud reflecting thickness, indicating the support level is building up as price moves forward. The rebounding of price action after touch ichimoku cloud low also indicates long buyers are coming in. Trading Strategies (Ichimoku Trading) Establish long with stop loss below cloud. Stop in traders may consider level above 9300. Singapore Ichimoku Trader Trading Forex
Ichimoku Trading Strategies AUDUSD 16-July-2013 #4 Not a very good way to end the month with. Was stopped out in the AUDUSD as seen from the chart. A sharp reversal in the price action piercing from above the ichimoku cloud to below the ichimoku cloud. Singapore Ichimoku Trader Trading Forex
Ichimoku Trading Strategies EURUSD 16 July 2013 #1 This was an retrospective and current post. The very first position was established on 16 July, when price action penetrated above the ichimoku cloud. Held on to the position for some time, added a second position when chikou span cut above the ichimoku cloud. Continued to hold the 2 positions until a third was added recently, when tenkan-sen recut above kijun-sen while above the ichimoku cloud. The forward path looks worrying as the cloud is thin. Will have to see how the price action develops itself. Singapore Ichimoku Trader Trading Forex
Ichimoku Trading Strategies EURUSD 16 July 2013 #2 An update from previous ichimoku blog post. Am still holding on to the position. Thin ichimoku cloud ahead raises concerns to the supporting strength for the price action. The current new high is pleasing though. Singapore Ichimoku Trader Trading Forex
Ichimoku Trading Strategies USDCHD 16 Jul 2013 #1 Another position trading which took time to see it gains. First established the position when price action penetrated below the ichimoku cloud on 16-Jul-2013. The chikou span cut below the tenkan sen and kijun-sen, however, not yet below the ichimoku cloud lo. Survive the spike in price action on 15 Aug 2013. The forward cloud remains thin, and resistance to the price activity remains a concern. The encouraging part is the tenkan-sen, kijun-sen and chikou-span are now below the cloud. Singapore Ichimoku Trader Trading Forex
Ichimoku Trading Strategies EURUSD 16 July 2013 #3 This was an update to the existing positions. Unfortunately, price action did a sharp reversal. Stopped out all positions with minimal loss. One and half month wasted.