Ichimoku Trading

Ichimoku Trading Strategies EURUSD 31-Oct-2013 #1

A new trading position established for the EURUSD couple of days back. At the time of establishing the position, price action had a sharp penetration through the ichimoku cloud in one period. Tenkan-sen just went below the kijun-sen, but remained above the ichimoku cloud. Chikou span just cut below the kijun-sen, also above the ichimoku cloud. The forward cloud was thicked, though "bullish". When price action went below the thick "bullish" cloud, it probably meant something. The trade was in then.

Looking forward, a lot of "space" for the price activity below the kumo cloud. Unlikely to see a bullish price action for the next few days unless there is sufficient fundamental change.

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Ichimoku Trading Strategies EURUSD 02-Jan-2014 #1

The very first post for 2014. Executed a trade a couple of days ago.

Price action had been trending upwards in a very gentle manner, cutting below the kumo cloud during mid December 2013.

Price action cut below the kumo cloud again, with tenkan-sen and kijun-sen showing signs of diverting. Chikou span also about to cut below the kumo cloud then.

Position remains open with stop loss about the kumo cloud high

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It has been quite some time since the last post. Price action has remained in a predictive mode, below the kumo cloud till the last couple of period, with a strong trending upwards.

The position remains, with stop loss adjusted lower, above recent high.

From ichimoku perspective, price action penetrated above the cloud, but remains to be seen if it is sustainable. This is qualified by kijun-sen remain below/in the cloud, though tenkan sen has cut above the kijun-sen. Chikou span, an important trend change indicator, has not yet cut above the cloud hi.While the forward cloud changes to bullish, it is a thin bullish cloud, and the cloud hi support is a valley ahead.

Stop loss level adjusted lower as such.

Singapore Ichimoku Trader Trading Forex
 
It has bee quite some time since the last post.

Price action has been quite choppy during the past couple of periods, moving in and out of the kumo cloud.

Tenkan-sen, kijun-sen, chikou span have all cut above the kumo cloud, and the forward kumo cloud has just turn bullish and growing in thickness providing the support required for a bullish trend.

Price level 13652 would be a pivot point, or an important level to look at. That is the level where the current chikou span is below now.

Stop loss has been adjusted to protect the position.

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Price action met some resistance at level 13652 mentioned in the earlier post, but the resistance was short-live. Price action continued the move to 13700, it took quite awhile before 13700 was broken.

Profit level hit.

All ichimoku indicators were showing bullish signs. Tenkan-sen above kijun-sen, and chikou span above the tenkan-sen & kijun-sen 26 periods behind. And the kumo cloud is bullish and uptrend.

The concern in this bullish mood is probably the exhaustion of this price action, reflected by the widening gap between tenkan-sen and kijun-sen. and the price action activity away from the kumo cloud.

Ichimoku Strategy ahead, can look to build up position at tenkan-sen, kijun-sen level or even at cloud hi, depending how the price action reveals itself.

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Price action has retraced quite a distant away from the high itself established some days ago.

Tenkan-sen, kijun-sen and chikou span remain above the kumo cloud. Tenkan-sen and kijun sen are converging towards each other, reflecting the volatility will be diminished in the periods ahead.

Chikou span is approaching tenkan-sen from the high, a sign to reflect sellers are gaining strength, and buyers are moving away to buy at such high price level above the tenkan-sen. 13600 level may be the battle ground between buyer and seller.

Price action bounced of the kumo cloud hi, and the kumo cloud remains thick ahead, providing the support needed for a bullish trend.

Ichimoku Trading Strategy ahead: May look to add long position between 13600-13620 with stop loss below the kumo cloud lo. Took minimum risk during this period, till price action reveals itself in the days ahead.

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Another position has been added as mentioned in previous post.

Price action made an uptrend there after, storming through the ichimoku cloud, but unable to break through the ichimoku cloud hi.

Tenkan-sen and kijun-sen are now converging towards each other, and tenkan-sen may be cutting above the kijun-sen. These actions are now happening in the ichimoku cloud.

Chikou span is touching the cloud lo, a thin cloud, which may be of a concern.

Price action now is below the cloud lo. The concern now increases as compared to the post made previously, mainly due to the thin support at chikou span. Understanding the mechanics behind the ichimoku charting, it simply means the current price action is challenging the trades (longs/shorts) made in the past periods.

Ichimoku Strategy ahead: Stop loss level has been raised. While bull may stand a chance, the same applies to the bear. Aggressive sellers may want to start positioning themselves. New bull entrants may want to see tenkan-sen cutting above kijun-sen with price action above them.

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Established a position yesterday with half the risk.

Price action moved below gradually to below the ichimoku cloud, with tenkan-sen below kijun-sen, and chikou span cutting below the ichimoku cloud. the forward cloud in a bearish mood, but thin.

Stop loss level above the kumo cloud as usual.

Will see how price unfolds itself.

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Another Winning Ichimoku Forex Trading Strategy

Let's take a quick review on ichimoku forex trading strategy on the ichimoku charting.

Tenkan-sen crossed below the kijun-sen, while in the ichimoku cloud at around quarter past noon, and continued to trend in that manner till both the lines crossed below the ichimoku cloud.

Price action trended below the kijun-sen. Why the position was established at around a quarter past three was mainly from what I considered one of the most important indicators in ichimoku, the chikou span.

Noticed the first trough formed by the chikou span at around the time location quarter past seven at the morning session. Fast forward, and you see the price action broke below the cloud. What we are looking for in a short entry, is the chikou span break below the trough it formed.

The stop loss level was placed above the cloud high.

Nevertheless, price action range for periods below the trend down south.

There maybe some luck as news play came in at 2030 hours. Nevertheless, it is still a good winning ichimoku forex trading strategy.

Exit at around 2300. Time to sleep.

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