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

USDCHF Ichimoku Trading Forex Strategy 30-Sep-2015 1-1

Image: Oanda

TRADE

Entry Date: 30-SEP-2015,

Entry: MKT BUY @ 0.9760

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 below kijun-sen. The comfort that can have is kijun-sen flat, indicating price action could be in consolidation prior to the next move.

The view is that the next move will be bullish.

Stop loss is placed at below the kumo cloud.

There was opportunity to establish a long at the first square box area from the left. It was not established due to the sinking kumo.

Ideally, it is not preferred to have a sinking kumo or cave in kumo during the price action crossover. The second square from the left reflected the sinking kumo.


Initial Stop: 0.9600

Initial Target: 1.0240

INTERMEDIATE COMMENT

N.A

RESULT

N.A

THOUGHTS

Will have to see how the price unveils itself

kuraudotrader

USDCHF Ichimoku Trading Forex Strategy 27-Aug-2015 1-3 Review

Image: Oanda

TRADE

Entry Date: 27-AUG-2015, 31-Aug-2015, 03-Sep-2015

Entry: MKT & LIMIT BUY @ 0.9621, 0.9674, 0.9710

Reason for Trade/Setup:

The first entry was bought below the kumo cloud. The entry was made based on tenkan-sen cut above the kijun-sen and chikou span cut above the price. While all these were below the kumo cloud, its provided signal, though not the strongest signal in ichimoku perspective.

The second entry was made with the price above the kumo cloud, with the remaining in tact, except chikou span not yet cut above the kumo cloud.

The third entry was a limit entry, anticipating the level which chikou span would cut above the kumo cloud.

Initial Stop: 0.9480

Initial Target: 1.0275-1.040

INTERMEDIATE COMMENT

N.A

RESULT

Stop out on 18-Sep-2015 at 0.9580 (-41, -94, -130,-220)

THOUGHTS

There were times when profits were there but not realized. Mainly due to the targets not met. This remains a challenge in future trades.



kuraudotrader

USDCHF Ichimoku Trading Forex Strategy 27-Aug-2015 1-2 Review

Image: Oanda

TRADE

Entry Date: 27-AUG-2015, 31-Aug-2015, 03-Sep-2015

Entry: MKT & LIMIT BUY @ 0.9621, 0.9674, 0.9710

Reason for Trade/Setup:

The first entry was bought below the kumo cloud. The entry was made based on tenkan-sen cut above the kijun-sen and chikou span cut above the price. While all these were below the kumo cloud, its provided signal, though not the strongest signal in ichimoku perspective.

The second entry was made with the price above the kumo cloud, with the remaining in tact, except chikou span not yet cut above the kumo cloud.

The third entry was a limit entry, anticipating the level which chikou span would cut above the kumo cloud.

Initial Stop: 0.9480

Initial Target: 1.0275-1.040

INTERMEDIATE COMMENT

N.A

RESULT

N.A

THOUGHTS

Will have to see how the price unveils itself

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

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

Image: Oanda

TRADE

Entry Date: 28-JUL-2015

Entry: Long MKT @ 0.9649

Entry Date: TBA

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

NA

RESULT

NA

THOUGHTS

NIL

kuraudotrader