Ichimoku Trading

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.
 

Attachments

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.
 

Attachments

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.
 

Attachments

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.
 

Attachments

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.
 

Attachments

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.
 

Attachments

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
 
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
 

Attachments

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
 

Attachments

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
 

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