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, 11 June 2012

GOLD Technical Analysis 2012-06-10

GOLD DAILY CHART

Gold currently in descending triangle, gold traders are at sideway as no fresh news on USD. Anyway, just monitor the chart and make decision when gold break channel or support.

Bloomberg news on gold. The analyst targeted gold will up to USD2,000 this year. Let's see and trade.

Trade Idea:
Stay aside until breakout happened.

Sunday, 10 June 2012

GBP/USD Technical Analysis 2012-06-10

4H CHART

GU is in correction phase. Still in Kumo.

Trade Idea:
Standby to short when GU close below 1.5400. Possible target is at 1.5270.

GBP/JPY Technical Analysis 2012-06-10

GBP/JPY Technical Analysis 2012-06-10

4H CHART

GBP/JPY still in downtrend while making correction.

Trade Possibility :
Standby to short if close below 121.80

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