In this post, I'll be introducing a swing trade technique that I like to use often, that involves the use of the base line (blue line) from the ichimoku cloud indicator, and the 5 simple moving average (SMA), marked in green. Disclaimer: This is not financial advice. This is for educational and entertainment purposes only. I am not responsible for the profits or...
Ichimoku Cloud Ichimoku Cloud is a set of technical Indicators that show support and resistance levels, momentum as well as trend direction which is done by taking into consideration multiple averages and plotting them over the chart. It is composed of 5 lines, 2 of which compose a cloud where the difference between the two lines is shaded in where the price...
The chart we made today shows the price of gold as a Baseline chart. The Baseline chart shows price movements relative to a baseline that you choose anywhere from 0% (the lowest point) to 100% (the highest point). This chart shows gold since the last 1970s with a Baseline of 50%. Why is this interesting? The chart can show you if an asset is above or below a...