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, 14 March 2013

Gold Trend Analysis 2013 03 14

Gold price still in bullish trend and stay above SMA200. However, gold is sideway for mid term and in descending triangle pattern. Gold trader still not making any move whether to continue bullish or start a new bearish trend.

Triangle pattern can be considered as correction phase while moving in uptrend/downtrend. Some trader/investor taking profit while the other is buying.

Gold can be reinvest when price near the supporting line as price tend to rebound thereafter. Trader can execute stop loss when gold price break the supporting line.

Happy investing.