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