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, 7 July 2011

EUR/USD Analysis 2011- 07- 07

EU if we look at 4H chart already reached 61.8% fibonacci. Probably she wants to make a rebound. EU touched Kumo and hammer form as rejection to downtrend. However, there still posibility EU to continue bearish subject to Kumo breakout.

Trade Idea : Buy entry to positively hedge (lock the winning position) the previous sell position. Wait for downtrend retracement to enter another new sell position.

Happy trading.

Forex Ichimoku Trading Strategy

Thursday, 7 July 2011

EUR/USD Analysis 2011- 07- 07

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