Monday, October 27, 2014

GBPUSD long term Ichimoku Best Forex Trading Strategy 30-Sep-2014 #03

























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: Price activity began to trade upwards after hitting a low around 1.5875 level. Stop loss level shifted lower to 1.6100, Was stopped out subsequently.

Exit: @ 1.6100

Profit/Loss: + 117 pips

THOUGHTS

N.A

Saturday, October 25, 2014

EURUSD Intra-day Ichimoku Best Short Term Forex Trading Strategy 24-Oct-2014























Image: Oanda


TRADE

Date: 24-Oct-2014

Entry: Buy Stop 1.2667 

Reason for Trade/Setup: 

Price action was trading in range, above and below the cloud prior 2000h. At the time of order, price action was above the kumo cloud. Chikou span had also crossed above the ichimoku cloud. Placed a buy stop above the nearest high, with stop loss below the cloud.

Initial Stop: 1.2645

Initial Target: 1.2735

INTERMEDIATE COMMENT

NA

RESULT

Outcome: Price moved upward but retraced back to entry level.

Exit: @ 1.2667 (Time to Sleep)

Profit/Loss: +0 pip

THOUGHTS

NA.

Thursday, October 23, 2014

EURUSD Intra-day Ichimoku Best Short Term Forex Trading Strategy 22-Oct-2014























Image: Oanda


TRADE

Date: 22-Oct-2014

Entry: Sell Stop 1.26850 

Reason for Trade/Setup: 

Ichimoku charting was showing bearish and a short signal. Placed a sell top below recent low at 12685.

Initial Stop: 1.27250

Initial Target: 1.25650

INTERMEDIATE COMMENT

1.2650 may be a good level to exit, but we never know.

RESULT

Outcome: Price action moved slowly downward.

Exit: @ 1.2661 (Time to Sleep)

Profit/Loss: +24 pips

THOUGHTS

NA.