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.

Thursday, 23 June 2011

EUR/JPY Analysis 2011-06-23

Candlestick formation quit confusing for EJ as there are a few bull and bear candle changed every candle and finally it over right by one long bear candle for final confirmation. Ichimoku help finding the overall trend. Trade decision is more accurate using candlestick reversal pattern. Also very good for Money Management.

Trade Idea : Wait for reversal candle to close position.

Happy candlestic-king :)

Forex Ichimoku Trading Strategy

Thursday, 23 June 2011

EUR/JPY Analysis 2011-06-23

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