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 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 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 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 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) 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 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 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
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.
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.