Forex Ichimoku Trading Strategy

Ichimoku Kinko Hyo is a purpose-built trend trading charting system that has been successfully used in nearly every tradeable market. It is unique in many ways, but its primary strength is its use of multiple data points to give the trader a deeper, more comprehensive view into price action. This deeper view, and the fact that Ichimoku is a very visual system, enables the trader to quickly discern and filter "at a glance" the low-probability trading setups from those of higher probability.

Tuesday, 31 May 2011

GBP/JPY Analysis 2011-05-31

GJ continue bullish at mid term chart (4H & 1H). However, GJ still in neutral position at long term chart. At 1H chart, GJ touched upper channel line and pullback is possible.

Trade Idea : Wait for retracement. Lock for some profit and let the rest ride the wave or just breakeven.

Happy trading.

Forex Ichimoku Trading Strategy

Tuesday, 31 May 2011

GBP/JPY Analysis 2011-05-31

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