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
N.A
THOUGHTS
Will have to see how the price unveils itself
kuraudotrader
Hai! I like the way you trade using Ichimoku, and I'm learning how to use it well. I have a question, Does Ichimoku work for intraday trader who choose smaller timeframe like M15 or M5? And would you post some tutorial how to analyze the chart properly with Ichimoku on it? Thanks
ReplyDeleteRegard,
Red. (Indonesia)
Yes, it works for smaller time frame.
ReplyDeleteWill be more descriptive in my future blog posts on using ichimoku.