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Ichimoku_trader

Hit my entry level and opened a long positionI should have waited for the breakout however decided to enter on the new higher high to not to be late for the party, now it looks it bounced back from the upper side of the triangle maybe it is going to be ranging in there for a while, still waiting for the TK cross to happen to give us an other confirmation the kumo twist just occured which is positive for now, placed my stop loss bellow the TK lines and just below the triangle.
NASDAQ:AMZNLong
by SnowWhiteJaguar
EDUCATION: Ichimoku - Part 1Hello, dear subscribers! Today we starting the training series of the Ichimoku Indicator trading. This article is about the Ichimoku definition and the easiest trading strategy using it. What is the Ichimoku Indicator? This indicator consists of 4 components: 1) Conversion Line - the 9 period high - low average price, demonstrates the short term period trend. When the price above it - the market is in local uptrend. 2) Base Line - the 26 period high - low avearge. It means the same as the conversion line but in the medium term period. 3) Lagging Span - close price plotted 26 period in the past. It can be used for the trend confirmation. When the lagging span is above the price it means the strong uptrend. 4) Cumo Cloud Lines - this lines will be examined in the next education article. Ichimoku Strategy (Conversion + Base + Lagging Span) The first Ichimoku strategy is very easy to apply for your trading. First of all you should filter signals with the lagging span: when it is above the price - it is time for long, in opposite - for short. When it is done you should find the point, where the conversion line crossed over the baseline from down to up and execute long position. You can exit long the conversion line bacame lower that the base line. The additional confirmation for exiting the position is the lagging span and price crossover. Next time we will examine the most interesting part - the Ichimoku Cloud and appropriate strategies.
Education
by Skyrexio
ichimoku cloud- Part 1 just talking about iichimoku base skip from how this japanese indicator will calculate and focusing on how we can use this powerful indicator sorry 1- let to consider base line (BL) and convention line(CL) are EMA, BL is fast and CL is slow. so all the rules of EMA's are applicable for these lines also. 2- lagging line (LL) is a line chart just 26 candle back. i mean if you see the chart in line chart mode it will plot a line for you, now shift it for 26 candle back so you have LL. lagging 3- the color of the cloud is not important just take long above the cloude and take below the cloud. 4- just whach when the price is inside the cloud. the first simple strategy is here, now let to backtest.....
FX:XAUUSD
by MohSalehian
AUDJPY ICHIMOKU SAYS OF SELLINGGreeting Traders. We have shown two lines here, one is red and blue which is red one is Kijun Sen and one is a blue line is called Tekken Sen. when the blue line crosses the downside of the red line, the movement of the market will be down Right now I think the movement of the market will be down. Thank you. -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
by The_crackerjack
2
AUDNZD - key momentWe are in a downward trend. KUMO is facing down, SSA is facing down. SSB flat and will be for some time, as long as the new MINIMUM in the period 52 is not broken. Flat SSB can substantially impact the PRICE (attracting it to itself), which can further strengthen SUPPORT AREA A (the area between 1.05349 and 1.045283). CHIKOU SPAN is also approaching SUPPORT AREA A and in the Week 1 chart of the SSB line, which additionally strengthening the support zone. The critical moment will be the breakthrough of SUPPORT ZONE A; the PRICE after a possible retest of the zone will move towards TP1 (ranges N and V levels 1.04552 and 1.04336 respectively). The next TP2 is set to range E, which coincides with the next level of support. The rebound (possibly even several times) of the PRICE from SUPPORT AREA A negates the above scenario. It will cause the PRICE to consolidate, which may change the direction of movement (trend).
Short
by MarcoPolo66