Ichimoku-Trading

Established a long position in AUDUSD. This is based on the price action above the ichimoku cloud ONLY.

The position is established based on reduce risk in terms of sizing.

Technical analysis (Ichimoku Charting)

Tenkan-sen has yet to cut to kijun-sen, and chikou span is still below the kumo cloud lo, though it has now cut above the tenkan-sen and kijun-sen. The forward cloud has yet turned positive either. Except the price action and chikou span above both the tenkan-sen and kijun-sen, the remaining indicators from ichimoku charting has yet firmed up a bull call signal.

Trading Strategies (Ichimoku Trading)
Long position may be established or may start to be established. Sizing may be increased gradually as more confirmation signals from ichimoku charting itself. May look out for tenkan-sen above kijun sen, forward cloud turning bullish, and chikou span cutting above kumo cloud hi.

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Ichimoku Trading Strategies AUDUSD 16-Jul-2013 #2

We continued our update from the previous ichimoku blog post.

Established another position as tenkan-sen cut above kijun-sen a couple of periods back.Stop loss level remains below the kumo cloud. It was about the same time the kumo cloud turned bullish.

Technical Analysis (Ichimoku Charting)

Looking ahead, it would be desirable that kijun sen and chikou span cut about the kumo cloud. As chikou span still below the recent high @ 9300 level, that would be a level to watch out for.

Trading Strategies (Ichimoku Trading)

May continue to establish long as the price unveils with stop loss below cloud lo level. Watch out for reaction at around 9300 level.

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Ichimoku Trading Strategies AUDUSD 16-July-2013 #3

Coming to the end of the week, it's weekend tomorrow!

Price action gave a scare this week, touching and cutting through cloud lo, and rebounded back above the cloud. Also mentioned previously was the level 9300, it continued to be a resistance level for the price action to break through. Added another long position near the kijun-sen.

Technical Analysis (Ichimoku Charting)

Tenkan-sen is currently below the kijun-sen, while the price action and chikou-span remain above. The forward ichimoku cloud reflecting thickness, indicating the support level is building up as price moves forward. The rebounding of price action after touch ichimoku cloud low also indicates long buyers are coming in.

Trading Strategies (Ichimoku Trading)

Establish long with stop loss below cloud. Stop in traders may consider level above 9300.


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Ichimoku Trading Strategies AUDUSD 16-July-2013 #4

Not a very good way to end the month with. Was stopped out in the AUDUSD as seen from the chart. A sharp reversal in the price action piercing from above the ichimoku cloud to below the ichimoku cloud.

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Ichimoku Trading Strategies EURUSD 16 July 2013 #1

This was an retrospective and current post.

The very first position was established on 16 July, when price action penetrated above the ichimoku cloud. Held on to the position for some time, added a second position when chikou span cut above the ichimoku cloud. Continued to hold the 2 positions until a third was added recently, when tenkan-sen recut above kijun-sen while above the ichimoku cloud.

The forward path looks worrying as the cloud is thin. Will have to see how the price action develops itself.

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An update from previous ichimoku blog post.

Am still holding on to the position. Thin ichimoku cloud ahead raises concerns to the supporting strength for the price action. The current new high is pleasing though.

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Ichimoku Trading Strategies USDCHD 16 Jul 2013 #1

Another position trading which took time to see it gains.

First established the position when price action penetrated below the ichimoku cloud on 16-Jul-2013. The chikou span cut below the tenkan sen and kijun-sen, however, not yet below the ichimoku cloud lo. Survive the spike in price action on 15 Aug 2013.

The forward cloud remains thin, and resistance to the price activity remains a concern. The encouraging part is the tenkan-sen, kijun-sen and chikou-span are now below the cloud.

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Ichimoku Trading Strategies EURUSD 16 July 2013 #3


This was an update to the existing positions. Unfortunately, price action did a sharp reversal. Stopped out all positions with minimal loss. One and half month wasted.

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Ichimoku Trading Strategies NZDUSD 04 Sep 2013 #1

A trade executed few days ago on 04 Sep 2013 for NZDUSD.

At the time when the trade was executed, price action went into the ichimoku cloud from the cloud low. Tenkan-sen cut above the kijun-sen and chikou-span about to cut above the kijun-sen, coupled with a thick forward cloud.

Current price action above the ichimoku cloud, thick, meaning a strong support to the price action above the cloud. It will take more than just news to reverse the price action.

One may consider to add on more position with risk below the cloud lo.

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Looks interesting..........

Ichimoku Trading Strategies USDCHF 16 Sep 2013 #1

Opened an position in USDCHF few days ago. Price action already cut below the ichimoku cloud. Tenkan-sen cut below kijun-sen and below the cloud, while kijun-sen was about to cut below the cloud. Chikou span, though cut below the kijun-sen, was not below the cloud during the time of the execution. Nevertheless, opened the position as chikou span below the cloud would be the last indicator of all.

The big drop yesterday was due to FED meeting. It either worked for or against the position. Luckily or not, it worked for the position.

Stop loss level remained above the cloud.

First resistance level will be the tenkan-sen level. Price action itself has not really increased momentum despite the fall yesterday looking at the gap between tenkan-sen and kijun-sen.

Will see how price action reveals itself.

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Ichimoku Trading Strategies NZDUSD 04 Sep- 2013 #2

This is an update of the previous ichimoku blog post on 09-Sep-2013.

Since the last post, the kiwi has moved upward in a gradual manner. The trade itself is sitting more than over 400+ pips (Entry on the white circle), stop loss level has shifted to cloud lo level covering the trade itself.

Current Review
From the current ichimoku charting, tenkan-sen, kijun-sen, chikou span are all above the kumo cloud. Tenkan-sen in particular, has been providing the support for the price action looking at the past activities. The gap between tenkan-sen and kijun-sen remained "small", reflecting the gradual upward trend on the price action, minimizing the possibility of downward reaction from price action itself. Another feature from the ichimoku charting itself, kijun-sen is quite a distant away from the kumo cloud, bear traders will have to sell down quite a number of pips to meet the next group traders waiting at the cloud hi. The most encouraging sign for buyers is the "thick" kumo cloud itself, where buyers and sellers fight out to determine the winner of the direction. It is not just technical analysis will determine how the change in in trend, fundamental will play an important role here.

Retrospective Review
The actual entry was made on the white circle. As mentioned in previous post, the chikou span was about to cut above the kijun-sen. However, decision has been made to enter the position then.

The first yellow line from bottom reflected the "ideal" entry level, where chikou-span has cut the kijun-sen.

The second line from bottom reflected another "ideal" entry level, with chikou-span cutting above the kumo cloud.

The first yellow circle from bottom would be based on price action cutting above the kumo cloud, and entering on the next period.

The second yellow circle from bottom would be another "ideal" entry level, with tenkan-sen, kijun-sen, and chikou-span all being above the kumo cloud.

The third to sixth yellow circle from bottom would be good entry when price action touches the first support level at tenkan-sen.

As usual, it always look like a perfect trading system on looking back. However, at the point of time, did we take the trade? I did not due to my own money management methodology.

Nevertheless, hope the retrospective review provides some insights on the use of ichimoku charting.

Singapore Ichimoku Trader

Ichimoku Trading Strategies NZDUSD 04 Sep- 2013 #3

Well, it has been quite some time since the last update.

2 more positions have been added since the last update.

The first position was added on 24 September, that was added when price action came to the kijun-sen level. The second position was added on 11 October, that was added with the price action (period) above the kumo cloud. The current stop loss level is some distant away from the cloud lo.

The forward kumo cloud is thin, increasing the risk of the reversal for the current uptrend. Encouraging signs will be the forward cloud is turning bullish, and chikou span remains above the cloud hi. The next few period will be critical as the price action unveils itself.

Total risk for all the three positions remains controllable.

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Ichimoku Trading Strategies NZDUSD 04 Sep- 2013 #4

An update to the existing positions.

Patience is one virtue one needs in trading. The very first position started in 04 Sep , 2 more positions were added on 24 Sep and 11 Oct. To just sit and wait for the price action reveals by itself maybe something easier to say than do.

The green line is the take profit level.

Of course, another school of thoughts will be to let profit run, just place a stop loss below the cloud lo, we never know how far it will go. That is not wrong. It's just different.

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Ichimoku Trading Strategies NZDUSD 04 Sep- 2013 #5

Finally, or unfortunately, the positions were stopped out recently.

For reference to where the positions were, you may refer to this post earlier

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Ichimoku Trading Strategies EURUSD 31-Oct-2013 #1

A new trading position established for the EURUSD couple of days back. At the time of establishing the position, price action had a sharp penetration through the ichimoku cloud in one period. Tenkan-sen just went below the kijun-sen, but remained above the ichimoku cloud. Chikou span just cut below the kijun-sen, also above the ichimoku cloud. The forward cloud was thicked, though "bullish". When price action went below the thick "bullish" cloud, it probably meant something. The trade was in then.

Looking forward, a lot of "space" for the price activity below the kumo cloud. Unlikely to see a bullish price action for the next few days unless there is sufficient fundamental change.

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Ichimoku Trading Strategies EURUSD 02-Jan-2014 #1
The very first post for 2014. Executed a trade a couple of days ago.

Price action had been trending upwards in a very gentle manner, cutting below the kumo cloud during mid December 2013.

Price action cut below the kumo cloud again, with tenkan-sen and kijun-sen showing signs of diverting. Chikou span also about to cut below the kumo cloud then.

Position remains open with stop loss about the kumo cloud high

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Ichimoku Trading Strategies EURUSD 02-Jan-2014 #2

It has been quite some time since the last post. Price action has remained in a predictive mode, below the kumo cloud till the last couple of period, with a strong trending upwards.

The position remains, with stop loss adjusted lower, above recent high.

From ichimoku perspective, price action penetrated above the cloud, but remains to be seen if it is sustainable. This is qualified by kijun-sen remain below/in the cloud, though tenkan sen has cut above the kijun-sen. Chikou span, an important trend change indicator, has not yet cut above the cloud hi.While the forward cloud changes to bullish, it is a thin bullish cloud, and the cloud hi support is a valley ahead.

Stop loss level adjusted lower as such.

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Ichimoku Trading Strategies 12-June 2014 #3


Price action met some resistance at level 13652 mentioned in the earlier post, but the resistance was short-live. Price action continued the move to 13700, it took quite awhile before 13700 was broken.

Profit level hit.

All ichimoku indicators were showing bullish signs. Tenkan-sen above kijun-sen, and chikou span above the tenkan-sen & kijun-sen 26 periods behind. And the kumo cloud is bullish and uptrend.

The concern in this bullish mood is probably the exhaustion of this price action, reflected by the widening gap between tenkan-sen and kijun-sen. and the price action activity away from the kumo cloud.

Ichimoku Strategy ahead, can look to build up position at tenkan-sen, kijun-sen level or even at cloud hi, depending how the price action reveals itself.

Ichimoku Blog

Ichimoku Trading Strategy for Forex Trading 03 Jul 2014 #1

Price action has retraced quite a distant away from the high itself established some days ago.

Tenkan-sen, kijun-sen and chikou span remain above the kumo cloud. Tenkan-sen and kijun sen are converging towards each other, reflecting the volatility will be diminished in the periods ahead.

Chikou span is approaching tenkan-sen from the high, a sign to reflect sellers are gaining strength, and buyers are moving away to buy at such high price level above the tenkan-sen. 13600 level may be the battle ground between buyer and seller.

Price action bounced of the kumo cloud hi, and the kumo cloud remains thick ahead, providing the support needed for a bullish trend.

Ichimoku Trading Strategy ahead: May look to add long position between 13600-13620 with stop loss below the kumo cloud lo. Took minimum risk during this period, till price action reveals itself in the days ahead.

Ichimoku Blog