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.

Monday, 18 July 2011

EUR/USD Analysis 2011-07-18

EU still below Kumo and believe EU will go further down. EU sell position taken base on few criteria not mentioned here because it other than Ichimoku. First important criteria is candle formation itself. 2nd the evening star appeared near fibo 61.8%. However, Ichimoku help in detecting main trend.

Trade Idea : Looking for new candle formation such as bullish engulfing or morning star.

Happy trading.

Forex Ichimoku Trading Strategy

Monday, 18 July 2011

EUR/USD Analysis 2011-07-18

No comments:

Post a Comment

About Me

Followers