In this article, I have made a sincere effort to explain each and every concept of the Ichimoku Cloud indicator in a clear and concise manner. My aim was to keep the explanations as simple as possible, ensuring that traders of all levels can easily understand and apply this powerful tool in their trading strategies.
I understand that technical analysis can...
To identify potential trends with ichimoku you need to look at 5 lines:
-Tenkan sen:Tenkan sen is higher than kijun sen in an uptrend and vice versa
-Kijun sen :Kijun sen is higher than kumo clouds in an uptrend and vice versa, if the price is lower than kijun sen, the market is no longer a potential trend.
-Kumo:The kumo shape is very important, it shows the long...
Ichimoku makes identifying trends very easy, but it can be difficult to know when to enter a trend. This factor is often overlooked by newer traders, and it makes a significant difference to risk-adjusted returns.
One of my favourite ways to identify when to enter a trend is to use the concept of relative strength or weakness. Put simply, relative strength or...
In my recent post I indicated that I am long USDJPY due to the higher timeframe bullish trend:
A question that traders often ask is "how do I set a stop-loss when the market is moving up?". This applies if you are looking to enter your first trade in the trend, or if you want to trail a stop-loss on an existing order. The answer is simple when you use...
salut chers amis!
la semaine dernière , fut un peu troublante avec les annonces à n'en point finir et des retours macroéconomiques . J'avais donc jugé bon de m’abstenir de certaines analyses qui n'ont pas trouvés de validations qui me semblait probantes .
Alors cette semaine j'ai quatre paires de devises à surveiller .
1-AUD/USD (vert/orange) qui semble...
Ichimoku Cloud showed us to expect strong price action here.
Lesson: set stop-losses below reversal areas and Fibonacci support.
Notes:
Tenkan-sen calculation: (highest high + lowest low)/2 for the last 9 periods.
^ it is time to change our way of thinking
- minor support/resistance
Kijun-sen calculation: (highest high + lowest low)/2 for the...
