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

Gold Analysis 2011-06-23

I believe gold could be the strong reason why many other pairs that related with USD move strongly. USD is getting strong versus Gold. However, on weekly chart, Gold still moves in bullish trend line.

Trade Idea : Sell gold with SL above evening star either auto or manual SL.

Happy forexing. :)

USD/JPY Analysis 2011-06-23

UJ just showed us the bullish candlestick formation, bull belt hold. As UJ touched the upper line of triangle pattern, UJ may wants to have a pullback. Watch out.

Trade Idea : Enter long with SL.

Happy candlestic-King

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 :)

GBP/USD Analysis 2011-06-23

GU give a very long candlestick bear engulfing formation. However, GU still continue it bearish.

Trade Idea : As GU already touched lower channel line, I believe GU wants to make a rebound sooner or later. Should take profit soon.

Happy trading.

EUR/USD Analysis 2011-06-23

Candlestick pattern materialised as combined with trendline.

Trade Idea : Just waiting EU to hit target profit or next reversal candle to take profit.

Happy trading.

Monday, 20 June 2011

EUR/JPY 2011-06-17

EJ still in bearish trend.

EJ in retracement at 4H chart and move in channel. Waiting for candle confirmation to continue bearish trend.

Trade Idea : Wait for confirmation either to long or short.

Happy forex hunting.

Saturday, 18 June 2011

EUR/USD Analysis 2011-06-17

EU currently below Kumo and KS, thus our next trading is selling EU pair. EU moving in bearish channel on daily chart.

In 4H chart we can clearly see EU reached the upper bearish channel line and also touched 61.8% fibo number. Probably this is a strong indication of EU in overbought.

Trade Idea : Recommended shorting EU when bearish candlestick pattern appeared. Probably bearish engulfing in 4H chart.

Happy trading.