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