Wednesday, October 15, 2014

EURUSD Intra-day Ichimoku Best Short Term Forex Trading Strategy 15-Oct-2014





Image: Oanda


TRADE

Date: 15-Oct-2014

Entry: Buy Market 1.2668, 

Reason for Trade/Setup: 

All ichimoku indicators showed a buy signal, from tenkan sen and kijun-sen above the cloud, and chikou span also above the cloud.

Initial Stop: 1.2630

Initial Target: 1.2790

INTERMEDIATE COMMENT

N.A

RESULT

Outcome: Price action moved upward sharply. Hitting the target level around an hour time.

Exit: Target hit @ 1.2790

Profit/Loss: +122 pips

THOUGHTS

The price action upwards was assisted by the news. On hindsight, could have set a higher target.

Tuesday, October 14, 2014

GBPUSD long term Ichimoku Best Forex Trading Strategy 30-Sep-2014 #02




Image: Oanda

TRADE

Date: 30-Sep-2014

Entry: Sell Market 1.6217

Reason for Trade/Setup: 

Tenkan-sen had crossed over kijun-sen, and below the kumo cloud. However, kijun-sen was in the cloud, and chikou span went into the kumo barely after it crossed below. Price action was below and the forward cloud was bearish. Took a position to short when price action near the tenkan-sen.

Initial Stop: 1.6450, Shifted to 1.6200

Initial Target: 1.5528

INTERMEDIATE COMMENT

Price continues to maintain below the ichimoku cloud. Remain cautious the way forward. While the forward cloud remains thick providing the resistance to the price action, the risk remains high looking at the movement of the price action. Stop loss is adjusted to 1.6200.

RESULT

Outcome: TBC.

Exit: TBC

Profit/Loss: TBC

THOUGHTS

N.A

Wednesday, October 8, 2014

EURUSD Intra-day Ichimoku Best Short Term Forex Trading Strategy 08-Oct-2014























Image: Oanda


TRADE

Date: 08-Oct-2014

Entry: Buy Stop 1.2675, 

Reason for Trade/Setup: 

Price action re-emerged out from the kumo cloud, supported by chikou span re-emerged out from kumo cloud, placed a buy stop above the high of the previous period.

Initial Stop: 1.2630

Initial Target: 1.2810

INTERMEDIATE COMMENT

N.A

RESULT

Outcome: Price action was in range. Exit for the night.. 

Exit: Closed out market @ 1.2680

Profit/Loss: +5 pips

THOUGHTS

N.A