Nice Bounce on the red line Hopefully it will stay in the upward channel after the bounce on the red line, cloud is green it should bring us to 400
Ichimoku_trader
Bullish TK CrossI just opened a position as there is a nice TK cross which is bullish Clous is green Welcome aboard SKYWORKS Next Stop is the SKY
I just Closed This Trade Due To bearish TK Cross The blue line crossed below the red one which means I should close the trade as it can mean the end of the uptrend and can reenter the cloud and go all the way down to the 340 range and even lower
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.
Due to recent drop I moved my stop loss above the entry Just in case it drops further I raised the stop loss above the entry level so it will be in profit however i'm still positive that it will print a higher low
will UPS start delivering your parcel to the moon?lets see if the consolidation is over and UPS can deliver it's parcels to new highs potentially to the top floor or start straight away a new moon delivery mission
Thought it will bounce but entered the cloudWanted to enter 296 but did not fulfil my order instead started dropping and conversion line appear to cross below the base line will see where it it heading and waiting for new entry.
Decided to break up and then break downapparently it was a fake break out to the upside first hit my buy order and then next trading day it hit my stop loss, lets wait to see where it is heading now certainly will wait until the conversion line crosses above the base line.
Kumo TwistKumo twist indicates bright future for Adobe and kumo breakout finally gives us the signal that we have been waiting for I have netered @500 and placed my stop loss below the cloud.
is the 6 months consolidation over?Printing higher lows and higher hows is the first sign of an uptrend, the conversion line has been dancing with the base line for a long time, but now it looks like conversion line has a lift off. We can place a stop loss just below the cloud which luckily not too far from the price now where we can enter guarantees us a nice risk reward ratio.
Breakout from the symmetrical triangleExpecting to go more up since it broke out from the multi month triangle conversion line crossed above the base line and now it is above the cloud. green line entry and red line is the stop loss.
Good buy opportunity after consolidationAfter this short consolidation period the conversion line crossed above again the base line which gave us a buy signal
Stock split brought us discount in the pricehowever will it reach to new highs? The cloud tells me that it will both conversion and base line pointing upwards and exiting the cloud. As long as apple stays above the cloud we have more potential to the upside and still printing higher lows. I have placed a buy order @130 with a stop loss @113 just below the cloud and the base line.
Same pattern forming as AmazonMicrosoft forming the same pattern as amazon after a long consodilation in the symetrical triangle the volitalty is shrinking and the conversion line already crossed above the base line I have placed a buy order @220 which need to be fulfilled once we break out from the triangle
Is the consolidation over?Amazon can break out the cloud and continue to the upside I have placed a buy order at 3280 when we reach that price probably the conversion line will cross above the base line and continue to the upside red line will be my stop loss level, currently it is ranging within the symmetrical triangle I have placed the buy order in case it breaks out
Will AMD go above 3 digits?Conversion line Bullish and above base line both are above the cloud and pointing upward
I entered at 85 (green line) and have a stop loss below the base line at 80
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.....
Ichimoku cloud signalPrice above the cloud and the 2 conversion lines. Have a r/r ratio of at least 2 and proper risk management.
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.
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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).
CHFJPY - in CONSOLIDATION ( ICHIMOKU)STRONG CONSOLIDATION
The flat KIJUN SEN, TENKAN SEN, SENKOU SPAN B (SSB) indicate that we are in consolidation in all periods (short, medium, and long).
CLOUD flat confirms consolidation.
PRICE fluctuates (oscillate) around the marked BALANCE AREA but currently has a downward trend tendency.
Breaking the 116.269 or 113.593 will signal that a trend (up or down) appears.
CHFJPY
COVID19 AND THE VIX -- daily Ichimoku cloud breaksin the recent past, when we see a Ichimoku Cloud break in the VIX ( Volatility S&P 500 Index ) we see a strong acceleration upwards. The most recent example of this was on 13 Feb 2020
Inversely proportional to the VIX , the S&P 500 Index had a significant breakdown, represented on 21 Feb 2020
Since COVID19 outbreak, governments around the world have been scrambling to control their domestic economies by stimulus and monetisation of debt stoking Global Hyperinflation, and now real people are starting to feel the economic effects of Lockdowns and COVID19 travel and border restrictions.
Currently TVC:SPX is entering the cloud, and the VIX is coiling to break through the cloud.
This is true for other Major Indices around the world.
Northern Hemisphere is entering their "winter flu season" and USA has their contentious Presidential Election looming in NOV. This could be shaping up for a BIG BOUT of VOLATILITY....
