The volatile price action had taken the positions out. Technical (Ichimoku) The price action had reversed in an accelerated manner after the last short position being established. Tenkan sen remained above the kijun sen, with the price action leading the reversal to above the kumo cloud. The current setting, price above the kumo cloud, tenkan…
This is a follow up to the previous post. Price action has been relatively choppy since the previous posting. There is no definite trend which side the price will be heading. Technical (Ichimoku) Tenkan-sen is above the kijun-sen, while price action is between tenkan-sen and kijun-sen. Chikou span is about to cut below the kumo…
Continue update from previous post. Price action had been choppy for the past periods since the positions established. Tenkan-sen had crossed over kijun-sen thrice, and chikou span had crossed over kijun-sen twice. These itself spelled the volatility of the price action. Technical (Ichimoku) Tenkan-sen currently is above the kijun-sen. However, they are converging, and tenkan-sen…
This is an update from previous post. Perhaps luck played a part in this trade. After establishing short positions in the kumo cloud, the price action reverted upwards. Unlike the EURUSD, price action for the GBPUSD had never penetrated above the kumo cloud. Thereafter, touching just the cloud hi, the price action reversed and continued…
As mentioned in previous post, planning to go long on Monday. Price is trading in the kumo cloud now, not really a good idea that the kumo cloud did not support the price action after the run-up last Friday. Technical (Ichimoku) Tenkan sen remains above kijun-sen, however, price is between tenkan and kijun sen, and…
I would like to take this opportunity to thank Andrew Beattie from Forexdictionary.com for taking the time to carry out an interview with me. Greatly appreciated.
Update on the current EURUSD position. All short positions stopped out. Technical (Ichimoku) Tenkan-sen above jikun-sen, chikou span has already cut above jikun-sen, and penetrating above the kumo cloud. Thick kumo cloud ahead, providing good support to the price action forward Price action trading above the tenkan-sen and kumo cloud, a complete candle period above…
Sharing another ichimoku trade(s). This was aggressive positions taking. First position was taken when price penetrated into the kumo cloud, coupled with first signal that tenkan-sen already cut below jikun-sen. Second position was taken when chikou span cut below the jikun-sen. Price action was in the mid of the kumo cloud. Third position was taken…
This is continued from previous post. After initiated short positions few days ago, continued aggressively to add on new position when price penetrated through the kumo cloud. There was no full period under the cloud, position established in aggressive manner. Technical (Ichimoku) Price action reverted back into the kumo cloud showing uncertainty to the direction…