USDCAD Ichimoku Trading Forex Strategy 26-Oct-2015 1-1

TRADE

Entry Date: 26-Oct-2015

Entry: LIMIT BUY @ 1.3170

Reason for Trade/Setup:

From the ichimoku charting, tenkan-sen, kijun-sen and chikou span all are above the kumo cloud, reflecting a strong bullish view, the price action which was supported by the kijun-sen on 23 Oct 2015 validated the bullish view and support of the kijun-sen. A limit order was placed on 26 Oct 2015 above the high of the 4 hour bar. Price triggered the order the following day.

Initial Stop: 1.3000

Initial Target: 1.3680

INTERMEDIATE COMMENT

N.A

RESULT

N.A

THOUGHTS

Will have to see how the price unveils itself

kuraudotrader

GBPUSD Ichimoku Trading Forex Strategy 14-Oct-2015 1-3 (Exit/Stopped out)

TRADE

Entry Date: 14-Oct-2015

Entry: MKT BUY @ 1.5418

Reason for Trade/Setup:

Price action was already above the kumo cloud, and preceding action was a bounce from the top of the kumo cloud.Tenkan-sen, Kijun-sen and chikou span are all above the kumo cloud, showing strong bull interest, with the exception of tenkan-sen together with kijun-sen. The view is that the next move will be bullish.Stop loss is placed at below the kumo cloud.

Initial Stop: 1.5200, shifted to 1.5470

Initial Target: 1.6083

INTERMEDIATE COMMENT

Shifted stop to 1.5470, due to divergence between tenkan-sen and kijun-sen.

RESULT

+52 pips

THOUGHTS

Will have to see how the price unveils itself

The trade was stopped out yesterday at around 2340h. From the current assessment, tenkan-sen and kijun-sen are converging towards each other. There might be price consolidation in the periods ahead. Opportunity may arise again. Will review again.


kuraudotrader

GBPUSD Ichimoku Trading Forex Strategy 14-Oct-2015 1-2

TRADE

Entry Date: 14-Oct-2015

Entry: MKT BUY @ 1.5418

Reason for Trade/Setup:

Price action was already above the kumo cloud, and preceding action was a bounce from the top of the kumo cloud.Tenkan-sen, Kijun-sen and chikou span are all above the kumo cloud, showing strong bull interest, with the exception of tenkan-sen together with kijun-sen. The view is that the next move will be bullish.Stop loss is placed at below the kumo cloud.

Initial Stop: 1.5200, shifted to 1.5470

Initial Target: 1.6083

INTERMEDIATE COMMENT

Shifted stop to 1.5470, due to divergence between tenkan-sen and kijun-sen.

RESULT

N.A

THOUGHTS

Will have to see how the price unveils itself

kuraudotrader

GBPUSD Ichimoku Trading 14-Oct-2015 1-1

TRADE

Entry Date: 14-Oct-2015

Entry: MKT BUY @ 1.5418

Reason for Trade/Setup:

Price action was already above the kumo cloud, and preceding action was a bounce from the top of the kumo cloud.Tenkan-sen, Kijun-sen and chikou span are all above the kumo cloud, showing strong bull interest, with the exception of tenkan-sen together with kijun-sen. The view is that the next move will be bullish.Stop loss is placed at below the kumo cloud.

Initial Stop: 1.5200

Initial Target: 1.6083

INTERMEDIATE COMMENT

N.A

RESULT

N.A

THOUGHTS

Will have to see how the price unveils itself

kuraudotrader