ICHIMOKU FOREX TRADING JOURNAL

GBPUSD Short trade followup

Soheil — Sat, 09 Jul 2011 00:19:09 +0000

As i mentioned on my previous post, GBPUSD gives you one chance to get out of a wrong trade quite often.

here is a screen shot to show you what i mean.

as you can see, today’s candle is a strong bullish candle. I would have been in negative territories if i did not exit the trade yesterday.

here is the Daily chart.

Strong bullish candle on GBPUSD daily

GHTime Code(s): nc

GBPUSD Short trade Exit

Soheil — Thu, 07 Jul 2011 19:05:04 +0000

As i mentioned in my entry post, i would not get out of the trade till the TK virginity is compromised. and here you have it, price compromised the TK and based on my tests; price will give you a chance to save your account and get out before turning and running on the opposite direction hitting your stop loss. so i jumped out of the trade at break even and before i stand a huge loss. It might drop like a rock and leave me at the station but i will live to fight this beast another day.

below is the screen shot of my exit.

Cheers.

GBPUSD daily Chart Exit

GHTime Code(s): nc nc nc nc

GBPUSD Short trade

Soheil — Thu, 23 Jun 2011 17:19:43 +0000

Hi everybody,

I am back again. it’s been a while since my last post but as i said before i was busy mastering my craft trading with Ichimoku. I have found a very nice and effective way to trade this system and will share that with you while posting the trades i take on my live account.

Here is the first trade after my rigorous tests with this system.

GBPUSD Daily chart shows a releatively strong impulsive move after a period of inactivity and also it has been trying to break the barriers above for quite some time to no avail, so i decided to jump on the short and will not get off unless the virginity of the TK is compromised. ; )

Oh, by the way my entry is at 1.6 and the stop loss is at 1.6295 almost 300 pips of stop loss, but hey, we are talking about the daily chart and this beast kicks really bad.

GBPUSD short trade on daily chart

GHTime Code(s): nc nc

EURCAD Long 2nd July

Soheil — Sun, 04 Jul 2010 21:24:52 +0000

This is the third effort to jump in long in this pair. This one was great, entry time was good and price goes almost 120Pips in my favor. I put my stop at break even and I was deciding to let this one run for as long as possible. Still thinking about this that it suddenly came all the way down, hit my stop loss and get back up 70 Pips. I was shocked; this is really a challenge for me to decide to be a short term trader or a long term one. was stopped out at break even.

GHTime Code(s): a52f9 cc4bd

EURUSD LONG 1st July

Soheil — Sun, 04 Jul 2010 20:17:09 +0000

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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