CADJPY Ichimoku Trading Forex Strategy 24-Aug-2015 1-1 Review

Image: Oanda

TRADE

Entry Date: 19-AUG-2015

Entry: Sell LIMIT @ 0.9465

Reason for Trade/Setup:

On 17-Aug-2015, Examine the ichimoku charting and price action. Opportunity arose, tenkan sen below kijun sen, turning below the kumo cloud. Chikou span also present a signal to go below the cloud. Placed a sell limit order below previous low.

Initial Stop: 0.9610

Initial Target: 0.9200

INTERMEDIATE COMMENT

N.A

RESULT

Exit at Target level +265 pips

THOUGHTS

CADJPY moved lower due to strength in JPY. May have be better.

kuraudotrader

USDCHF Ichimoku Trading Forex Strategy 28-Jul-2015 1-5 update

Image: Oanda


TRADE

Entry Date: 28-JUL-2015

Entry: Long MKT @ 0.9649

Entry Date: 30-JUL-2015

Entry: Long  LIMIT @ 0.9650

Entry Date: 04-Aug-2015

Entry: Long LIMIT @ 0.9700 & 0.9720

Reason for Trade/Setup:

On 28-Jul-2015, Entry into the position as price cut above the kumo cloud, more important, chikou span had cut above the previous price high.

Another limit order is put in to increase the existing long position on 30-Jul-2015. 2 more positions has been established on 04-Aug-2015.

Initial Stop: 0.9530

Initial Target: 1.0010

INTERMEDIATE COMMENT

Price action has moved up decently. Profit target level has not been reached though. Depending on how the price action reveals itself, there may be a need to take profit as per trade plan.

RESULT

Partial Exit @ 0.9817 on 06 Aug 2015

0.9650; +167 pips
0.9649; +168 pips

Stopped out @ 0.9780 on 12 Aug-2015

0.9700; +79 pips
0.9650; +129 pips
0.9720; + 59 pips
0.9900; -120 pips


THOUGHTS

USDCHF has been trending upwards in a gradual manner. Continue to see strength in the trend upwards.

The update came late. USDCHF has weakened significantly from the exit.

kuraudotrader

USDCHF Ichimoku Trading Forex Strategy 28-Jul-2015 1-4 update

Image: Oanda

TRADE

Entry Date: 28-JUL-2015

Entry: Long MKT @ 0.9649

Entry Date: 30-JUL-2015

Entry: Long  LIMIT @ 0.9650

Entry Date: 04-Aug-2015

Entry: Long LIMIT @ 0.9700 & 0.9720

Reason for Trade/Setup:

On 28-Jul-2015, Entry into the position as price cut above the kumo cloud, more important, chikou span had cut above the previous price high.

Another limit order is put in to increase the existing long position on 30-Jul-2015. 2 more positions has been established on 04-Aug-2015.

Initial Stop: 0.9530

Initial Target: 1.0010

INTERMEDIATE COMMENT

Price action has moved up decently. Profit target level has not been reached though. Depending on how the price action reveals itself, there may be a need to take profit as per trade plan.

RESULT

Partial Exit @ 0.9817 on 06 Aug 2015

0.9650; +167 pips
0.9649; +168 pips


THOUGHTS

USDCHF has been trending upwards in a gradual manner. Continue to see strength in the trend upwards.

kuraudotrader

USDCHF Ichimoku Trading Forex Strategy 28-Jul-2015 1-3 update

Image: Oanda

TRADE

Entry Date: 28-JUL-2015

Entry: Long MKT @ 0.9649

Entry Date: 30-JUL-2015

Entry: Long  LIMIT @ 0.9650

Entry Date: 04-Aug-2015

Entry: Long LIMIT @ 0.9700 & 0.9720

Reason for Trade/Setup:

On 28-Jul-2015, Entry into the position as price cut above the kumo cloud, more important, chikou span had cut above the previous price high.

Another limit order is put in to increase the existing long position on 30-Jul-2015. 2 more positions has been established on 04-Aug-2015.

Initial Stop: 0.9530

Initial Target: 1.0010

INTERMEDIATE COMMENT

Price action has moved up decently. Profit target level has not been reached though. Depending on how the price action reveals itself, there may be a need to take profit as per trade plan.

RESULT

NA

THOUGHTS

USDCHF has been trending upwards in a gradual manner. Continue to see strength in the trend upwards.

kuraudotrader

USDCHF Ichimoku Trading Forex Strategy 28-Jul-2015 1-2 update

Image: Oanda

TRADE

Entry Date: 28-JUL-2015

Entry: Long MKT @ 0.9649

Entry Date: 30-JUL-2015

Entry: Long  LIMIT @ 0.9650

Reason for Trade/Setup:

On 28-Jul-2015, Entry into the position as price cut above the kumo cloud, more important, chikou span had cut above the previous price high.

Another limit order is put in to increase the existing long position.

Initial Stop: 0.9530

Initial Target: 1.0010

INTERMEDIATE COMMENT

Continue to establish more positions along the way.

Entry Date: 04-AUG-2015

Entry: Long  LIMIT @ 0.9700 & 0.9720

RESULT

NA

THOUGHTS

USDCHF has been trending upwards in a gradual manner. Continue to see strength in the trend upwards.

kuraudotrader

Introduction To Forex Market

The Foreign Exchange (often abbreviated as Forex or FX) market is the largest market in the world with daily trading volume of over 1.9 $trillion in September 2004*. With its high liquidity, low transaction cost and low entry barrier, the 24-hour market has attracted investors around the world.

The following articles aim to introduce the key concepts in forex trading, the terminologies and the characteristics of the FX market.

The articles first introduced the concept 'spread', which is the most important transaction cost in forex trading, how the spread is presented in the price quotes, what is the significance of it and what is the trick behind it. As most of the retail customers choose to trade forex with margin account, the articles then introduced what is margin trading, what is the significance of margin, how to trade a margin account and how to choose the correct leverage ratio.

In trading online forex, there are many types of orders that you can make to facilitate your trades. The articles then explained the rationale behind each type of orders, when and how to use each of them.

Being one of the most actively trading markets, the forex market is yet, may not be the most well known market. The articles then gave a little historical background and explained the nature of the forex market, and made an overall comparison of various trading markets. It also discussed the pros and cons of trading forex market and what are the recent trends.

Like any other trading instruments, traders should understand the terminologies and the basis of the market before he/she starts real trading. The above articles serve as an essential beginners' guide to the world of forex trading.

*According to the Triennial Central Bank Survey of the foreign exchange market conducted by the Bank for International Settlements and published in Sept 2004