By Soheil on April 30th, 2010
Before diving in and posting my trades here, and in order to bring everyone up to par with the trading method; i would like to direct you the the following links to get yourself familiarized with the Ichimoku history and different trading methods.
First go through the ICHIWIKI document compiled by “Manish Patel” and get your feet wet with the history and many trading methods possible with this system.
http://www.kumotrader.com/ichimoku_wiki/index.php?title=Main_Page
One other great location to visit is the Ichimoku Forum on Forex Factory. almost 900 pages packed with great posts, tools and dedicated contributors. it is a must if you are serious to be successful trading this method. You can also access this forum from the “COOL LINKS” section of my blog.
Here is the link:
http://www.forexfactory.com/showthread.php?t=190646
one thing that you really should not miss is Asher’s Blog for FOREX and CFD trading using Ichimoku system. it is packed with great analysis, tools and advice from a great trader.
here is the link:
http://www.ichi360.com
Hope the first post here would help you with a good start.
Cheers.
GHTime Code(s): nc
By Soheil on July 4th, 2010
By Soheil on July 4th, 2010
Entered this trade day before the NFP report but the signal was good so I decided to jump in, in a hope to get to break even before the announcement.
Entry: 1.2511
Original Stop: 1.2428
trade went almost 100 Pips in my direction and then started bouncing up and down. since it was Friday i decided to get out and not have a trade open during the weekend and then face a big gap down on the Sunday open.
i managed to get 70Pips on this one. here are the charts:
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EURUSD Weekly
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EURUSD Daily
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EURUSD 4Hr
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EURUSD Exit
By Soheil on July 3rd, 2010
I received my signal and hesitated to enter the trade at the correct location, it went up like crazy and I was still in hesitation, finally the pain of being left behind forced me to get in the trade in the worst possible location. This trade made me feels like a fool.
At least I was able to decide correctly and get out of this loosing trade not loosing too much on a bad trade. Here are the screen shots for entry and exits. I still feel sick, and that is mainly because I hate loosing trades and that is probably the main reason holding me from entering good trades like this at the right time.
Original entry price: 1.3047, and stop location: 1.2953.
to avoid loosing too much on a bad trade i decided to get out with 35Pips loss.
here are the screen shots of entry and exit:
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EURCAD Weekly
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EURCAD Daily
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EURCAD 4Hr
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EURCAD EXIT
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EURCAD hourly
By Soheil on June 8th, 2010
I entered short on the EURCHF early this morning due to the fact that all the Ichimoku lines were 100% bearish for this pair. there was no news (at least on my calendar on Forexfactory) regarding CHF at the time i entered the trade.
two hours into the trade, 20 Pips paper profit and in a blink of an eye a 150 Pip bullish Gap!!!!!!!!!!!!
my original stop was 50 Pips away from the market and due to the Gap i was kicked out of the trade with 78Pips loss.
there was some weird feeling inside telling me to close the short but i did not pay attention to that thinking i am trying to be a longer term trader so let it run.
What happened fundamentally!! i don’t know yet. :- (
here are the charts for entry and exit:
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EURCHF Daily
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EURCHF 4Hour Chart
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EURCHF Hourly Chart
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EURCHF Hourly GAP
By Soheil on June 4th, 2010
Although most of the pairs i trade were bearish at the time i entered this trade, but EURCHF was the only one that have all the Ichimoku lines lined up correctly and there was also enough room ahead for me to move my stop to break even before hitting a strong support. i did not select the EURUSD because it was almost flat. a pair that normally move 150-200 Pips per-day had only moved 25Pips!!!!
i jumped in the short trade at 1.4072 with my stop loss at 1.4161. i decided to tighten my stop a little bit to protect myself a little bit more.
the first 10 hours was agonizing. it was moving 3Pips up and 5 Pips down. it could be expected due to the fact that it was a day before NFP release and EUR was under heavy pressure.
i closed the position the next day (Friday) an hour before the NFP report with 128Pips profit. price dropped 200 +Pips but rebound almost 100 Pips before i got to my platform. i decided to bail because NFP was on its way and also the size of the candle and the lower wick was huge.
i exited at 1.39441.
charts are attached for your study and comments.
Cheers.
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EURCHF Daily
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EURCHF 4HR
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EURCHF 4Hr Exit
