Tuesday, September 30, 2014

USDCZK Short term Ichimoku Best Forex Trading Strategy 23 Sep-2014- #01




Image: Oanda


TRADE

Date: 23-Sep-2014

Entry: Buy Market 21.3505 

Reason for Trade/Setup: 

Buy near the ichimoku cloud high level with stop loss below the ichimoku cloud low. General trend was upwards. Supporting elements included tenkan-sen above kijun-sen and above the kumo cloud high, chikou span also above the kumo cloud high. Kijun-sen was within the cloud and price action was between tenkan-sen and kijun-sen.

Initial Stop: 21.2000

Initial Target: 21.8000

INTERMEDIATE COMMENT

N.A

RESULT

Outcome: Price action continued its move upward, with support along tenkan-sen along the way.

Exit: Exit @ 21.8000

Profit/Loss: +4495 pips

THOUGHTS

N.A

Monday, September 29, 2014

USDTWD long term Ichimoku Best Forex Trading Strategy 11-Sep-2014- #01






















Image: Oanda


TRADE

Date: 11-Sep-2014

Entry: Buy Market 30.0127 

Reason for Trade/Setup: 

Tenkan-sen had crossed over kijun-sen, and both above the kumo cloud. The forward cloud was bullish but thin, and chikou span had yet crossed above the kumo cloud. Price action itself was above the tenkan-sen. The decision was to buy with stop loss below the ichimoku cloud.

Initial Stop: 29.8500

Initial Target: 30.5000

INTERMEDIATE COMMENT

N.A

RESULT

Outcome: Price action continued its move upward, with support reflected along kijun-sen.

Exit: Exit @ 30.5000

Profit/Loss: +4873 pips

THOUGHTS

N.A

Saturday, September 27, 2014

EURUSD Intra-day Ichimoku Best Short Term Forex Trading Strategy 26-Sep-2014






Image: Oanda


TRADE

Date: 26-Sep-2014

Entry: Sell Stop 1.2720, 

Reason for Trade/Setup: 

A very typical trade set up based on ichimoku indicators. All indicators showed a favorable sell set up. Tenkan-sen below kijun-sen, both below the kumo cloud, supported by the chikou span which was also below the kumo cloud. Forward cloud is thin, a concern, not a worry. Importantly was the price action below the tenkan-sen. Placed a sell stop below the recent low.

Initial Stop: 1.2760

Initial Target: 1.2600

INTERMEDIATE COMMENT

N.A

RESULT

Outcome: Price action came lower. Exit for the night.. 

Exit: Closed out market @ 1.2687

Profit/Loss: +33 pips

THOUGHTS

N.A