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, 30 June 2011

USD/JPY Analysis 2011-06-29

UJ has already made a retracement after breaking the triangle pattern. New HiHi and HiLo can be seen and we can say bullish trend is in action.

UJ move in Daily Kumo and the candle reached the KS. We can say UJ is in uncertainty.

Trade Idea : Buy triggered. Wait for UJ reach to target profit. Maybe can wait for UJ to reach support trend line for new long entry.

Happy trading

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.