Get started

Ichimoku_trader

Educational : Exploring the Ichimoku Cloud IndicatorIn 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 sometimes be overwhelming with complex indicators and calculations. Therefore, I have taken great care to break down the components of the Ichimoku Cloud and explain their meanings in plain language. By doing so, I hope to make the indicator more accessible to traders who may be new to the concept or seeking a simplified explanation. Introduction: In the world of forex trading, there are numerous technical analysis tools available to help traders make informed decisions. One such tool is the Ichimoku Cloud, also known as Ichimoku Kinko Hyo. While it may seem complex at first, this indicator offers valuable insights into market trends, support and resistance levels, and potential trading opportunities. In this article, we will dive into the details of the Ichimoku Cloud, explaining its components, calculation methodology, trading strategies, combining it with other indicators, and ultimately demystifying its potential benefits. What is the Ichimoku Cloud? The Ichimoku Cloud is a comprehensive technical analysis tool developed by Japanese journalist Goichi Hosoda in the late 1960s. Its name, Ichimoku Kinko Hyo, translates to "one-glance equilibrium chart," reflecting its purpose of providing a holistic view of the market in a single indicator. Unlike many other indicators, the Ichimoku Cloud is known for its simplicity and ability to convey complex market information at a glance. Understanding the Ichimoku Cloud Indicator: The Ichimoku Cloud indicator consists of several components that work together to generate valuable trading insights. Let's explore each component: Tenkan-sen (Conversion Line): This line represents the midpoint of the highest high and lowest low over a specified period. It serves as a dynamic support or resistance level, indicating short-term market sentiment. Kijun-sen (Base Line): Similar to the Tenkan-sen, the Kijun-sen also represents a midpoint. However, it considers a more extended period and provides a broader perspective on the market sentiment. Senkou Span A (Leading Span A): This line is formed by averaging the Tenkan-sen and Kijun-sen values and then plotted forward by the number of periods used for the Tenkan-sen. It provides an insight into potential future support or resistance levels. Senkou Span B (Leading Span B): This line is calculated by averaging the highest high and lowest low over a more extended period and plotted forward. The area between Senkou Span A and Senkou Span B forms the Ichimoku Cloud (Kumo). The color of the cloud varies based on the relationship between Senkou Span A and Senkou Span B and indicates the prevailing market trend. Chikou Span (Lagging Span): The Chikou Span represents the current closing price, plotted backward by the number of periods used for the Tenkan-sen. It helps traders identify potential support or resistance levels based on historical price action. How is the Ichimoku Cloud Calculated? Calculating the Ichimoku Cloud requires specific formulas based on historical price data. Here is a simplified summary of the calculations: Tenkan-sen: It is calculated by summing the highest high and lowest low over a specified period (typically 9 periods) and then dividing the sum by two. Kijun-sen: Similarly, the Kijun-sen is calculated by summing the highest high and lowest low over a different period (typically 26 periods) and dividing the sum by two. Senkou Span A: This line is formed by averaging the values of the Tenkan-sen and Kijun-sen and then plotting it forward by the number of periods used for the Tenkan-sen. Senkou Span B: It is calculated by summing the highest high and lowest low over an extended period (typically 52 periods) and then dividing the sum by two. Like Senkou Span A, it is plotted forward. Chikou Span: The Chikou Span represents the current closing price, plotted backward by the number of periods used for the Tenkan-sen. Applying the Ichimoku Cloud Trading Strategy: The Ichimoku Cloud can be used to develop various trading strategies. One popular approach is trend following. Here's a simple example: Bullish Trend: If the price is above the cloud, and the cloud is green (Senkou Span A is above Senkou Span B), it suggests a bullish trend. Traders may look for long positions when the Tenkan-sen crosses above the Kijun-sen within the cloud. Bearish Trend: Conversely, if the price is below the cloud, and the cloud is red (Senkou Span A is below Senkou Span B), it indicates a bearish trend. Traders may consider short positions when the Tenkan-sen crosses below the Kijun-sen within the cloud. It's crucial to note that additional analysis and risk management techniques should accompany any trading strategy. Backtesting and practicing the strategy in a demo environment are recommended before using it in live trading. Combining the Ichimoku Cloud with Other Indicators: While the Ichimoku Cloud can be used as a standalone tool, combining it with other indicators can enhance trading decisions. Here are a couple of examples: Moving Averages: Traders often combine the Ichimoku Cloud with other moving averages to confirm trends and potential crossover signals. For instance, the 200-day Simple Moving Average (SMA) can be used as a long-term trend filter. Oscillators: Oscillators, such as the Relative Strength Index (RSI) or the Stochastic Oscillator, can complement the Ichimoku Cloud by identifying overbought or oversold conditions. Divergences between the oscillator and price may signal potential reversals or trend continuation opportunities. Conclusion: The Ichimoku Cloud is a powerful technical analysis tool that offers a holistic view of the forex market. By integrating multiple components into a single indicator, it helps traders identify trends, support and resistance levels, and potential trading opportunities. While it requires practice and understanding, the Ichimoku Cloud can provide valuable insights to both novice and experienced traders. However, it's important to note that no indicator guarantees accurate predictions, and trading always carries risks. Traders should exercise caution, conduct thorough research, and combine the Ichimoku Cloud with other analysis techniques, risk management strategies, and prudent decision-making. In conclusion, the Ichimoku Cloud stands as a unique and comprehensive tool in the forex market, empowering traders with a deep understanding of market trends and potential trading setups. With its ability to simplify complex market information into a single indicator, the Ichimoku Cloud has gained popularity among traders worldwide.
Education
by AhsanTufail
SFPBUSD - Make or Break Triangle Pattern about to burstI've been following this asset since March '22 and it followed the downtrend pretty strongly until it entered into a massive ranging mode. Even though the whole market was moving a lot, this coin continued to play under this strong range. Right now, I've managed to see a triangle formation which I believe it's crucial to identify which way price might go next. We either get a breakdown which signifies a downtrend continuation or we continue to play in the range and it's time the bulls take over temporarily. If we get a breakdown this would be potential profit target zone: 0.2579 - 0.2899 Since it's a ranging market it could just go either way and could be hard to predict. Manage risk accordingly. Happy Trading! ♥
S
by KinaStar
JASMYUSDT 😉 Trading PlansWe could potentially have 3 moves I could forecast. Bullish scenario First move would be a break above 0.0046 that would totally mean bulls are taking over but we could potentially see a second move that could be a correction towards previous resistance that has turned into support 0.0042 then the bull move would continue Targets: 0.0057 - 0.0066 Bearish scenario Third move we could see it's a bearish correction for that to happen we should see a double top and failed attempt to move higher at around 0.0043 and an impulse move down into the next key levels. Targets: 0.0038 - 0.0036 or even 0.0030 Let's see how this plays out! I'll update when I open a position Regards, Kina 😉
by KinaStar
2
TLMUSDT 🤔 Downtrend continuation or REVERSAL Hey guys! We'll be monitoring for the bears to get exhausted we've got a couple of exhaustion candles in the daily timeframe and in the lower timeframes price is consolidating. Reversal Bullish Scenario: Target 0.012 safely as 0.014 has turned into a possible supply zone so I only expect to see a slow recovery short term. 0.015 is the key level which had the highest volume traded so I believe price would re-test this level but we need confirmation. Bearish Continuation: No man's land price would create newer and lower lows so trade can be open and moving SL into entry as soon as in profits safely. This would get trigger if the 0.010 level won't hold and support trades below it. Keep it Shiny and remember always question everything Kina 🤔
by KinaStar
IOTXUSDT 😶‍🌫️ Double Bottom Reversal Hey guys! We'll start monitoring the possible reversal for IOTX and I'm going to be straightforward: for this asset to start saying it's bullish we need to see a break above and close over 0.024 meanwhile we are trading in the range. Bullish scenario would play like this: First target: 0.019 then we'll TP For this to happen I'd like to see some sort of pattern like a double bottom or IH&S. Bearish scenario would go like this: Target open because it would be creating new all time lower lows we'd be then moving stop loss to entry as soon as in profits. But the trigger would be a close below: 0.015 I'm rooting for the bullish scenario as I'm a very hopeful person but we take what the market gives and be open to both scenarios always! Manage risk accordingly and never be biased. Happy trading! Kina 😶‍🌫️
by KinaStar
2
BAJAJ FINSERVHello & Welcome to this analysis Stock appears to have gone into a triangle correction since its OCT 2021 high and could be currently in its iii leg. Immediate resistance at 1490-1510, above that 1600 and then a bigger one near 1750. While support comes in at 1460, below that 1400 and v crucial trendline support at 1300, failure to hold that would drift this stock into a medium term deeper correction else range bound between 1350-1750 for quite some is highly probable Happy Investing
NSE:BAJAJFINSV
by Dinesh_C_Nagpal
WOOUSD 🕯️ Touching Support Area from Rising Channel Pattern We've got 2 things that could happen: It either breaks downward the rising channel it has been trading for a very long time and this means bears would take control so in that case: Bearish target would be: 0.15 - 0.17 area It resumes the uptrend and bounces off this support area as it has been doing for the past months and since NOV '22 actually. So it's been a very long and consistent pattern that has been playing out. I'd be cautious to go against it until a very good confirmation is in place. Bullish Target : 0.26 - 0.30 area Happy trading and I'll keep updating as I see points of interest. Regards, 🕯️ Kina 🕯️
by KinaStar
JASMYUSDT - 2 possible scenariosPrice has currently entered into a trading zone which we could try to predict 2 sides according to that it does in the next days or week. Key zone we are analyzing here: 0.0046 - 0.0042 Bullish if: Support holds and after a double bottom or inverse h&s, we get confirmation of a breakout from the pattern then we can go long. Bearish if: Breaks down the zone then it would go down to the next area which is 0.0034 - 0.0037 Please manage risk accordingly. I'll be updating and following this coin ♥
by KinaStar
8
FTMUSDT 🤯 Hold or Break Key Level AnalysisPoint of interest right now as we are sitting at a demand zone which price is expected to react however we are coming from a downtrend structure after the bulls got exhausted this could be another correction and/or the uptrend resumes. 1. We get a false breakdown, I believe it will touch 0.30 and buy orders would get triggered. If that happens then we would at 4h a bullish pattern we can trade and target next supply zone. Target Upper Downward Channel area: 0.37 - 0.40 2. This level gets pierced through and in that case, we expect price to decline to the next demand zone. Target Next Demand Zone: 0.24 - 0.20 I'll update as I see this playing out. All the best, Kina🤯
F
by KinaStar
2
IOTXUSDT - Triangle Pattern breakdown Beware at this point this coin is in ranging mode. So I've marked areas where the volume profile has shown potential areas where most participants were involved at that time. So there's a chance that over those areas, price is going to react somehow or not at all, so we need to see what happens once it gets there. We can say we've got a hammer as soon as it entered the area so we can see a bit of a slow down motion after the drop. Now, 2 things can happen. Either it creates a double bottom and reverses right off this area or it continues to decline. However to confirm this, we need to see a breakdown of current zone in order to go short. Target could be the next support zone: 0.01865 - 0.01954 as shown in the chart we are sitting in a buy area and in oversold conditions. Also, this is a ranging market so what I see could be a mess to you lol
by KinaStar
TLMUSDT ✨ Double Bottom Reversal or Breakdown ContinuationWe are at a very important level right now. We either get any of these 2 situations so be prepared: Double Bottom created with RSI Divergence confirming the bears power has been totally exhausted at this point and price will start reversing till next Supply zone. Target Supply zone area: 0.020 - 0.021 2. We get a downwards momemtum candle breaking down current support area and it would most likely go to the next demand zone where buyers will be eager to buy cheaper. Target Demand zone area: 0.013 - 0.012 Please note this is Daily Timeframe analysis so it will take longer to play out. Still, stay alert because we are at a current point of interest. Make sure to risk a % of your entire portfolio and manage risk accordingly. ✨Kina ✨
by KinaStar
DEXTUSDT ❤️ Trend Continuation Set upAs you can see DEXT has been in a rising channel until it eventually gave the breakout pattern after touching Supply Zone marked by the red rectangle afterwards price got rejected. Please take this area as our Take Profit zone. We have a perfect triangle formed making lower highs consistently now it's about to burst. So we either get: Breakout upwards wait for a re-test and enter long. Target would be: 0.85 area Breakdown and wait for a re-test and enter short. Target would be: 0.45 to 0.47 area Please note this is a long term set up. Manage risk accordingly. I'll update situation when price makes a relevant move according to our idea here. Regards, Kina ❤️
by KinaStar
Bloop Trader"" This signal is the new ' BLOOP ' BlockTeam indicator. "" Signal guide: - The white and blue colored lines are possible support and resistance areas and the price will react to them. - The area of the pale blue line is the point of entering the position. - The red line is the stop position point. - Green lines are safe targets and yellow lines are more risky targets than green lines * Please be careful to enter the position only in the area of the blue line. * After the second target, place your stop under lead line 2 or at the entry point to be risk free. ⚠️This is an offer and all responsibility and capital management is with you. If you want more information, contact us. BlockTeam
OLong
by BlockTeam
1
USDJPY The news has no impact, we continue to rise!According to the Smart Money strategy, we are currently in an Order block, but still confident that the price will rise! According to Smart Money, we should wait for confirmation because opening a position now is risky, but if we look at it from the Ichimoku Cloud perspective, we have currently broken the Cloud and successfully tested it, which coincides with 50% Fibonacci retracement. Currently, the Lagging Span is also above the price, confirming that a new uptrend has begun. Open a risky position at 132.501 Placing a stop loss below the cloud at 131.584. Expecting the first take profit at 135.830. Second take profit at 137.953, which corresponds to 2.272 of Fibonacci. With love from Ukraine.
Long
by Scythe_
MSTR to 443,69 It's possible ?Hello dear traider, Let's look to MicroStrategy . 1. We have bullish trend. 2. New hight. 3. At this moment do correction move. 4. At 262.5 whe have 50% FVG 5. Around 239-263 $ have : - 50% fibo - Fvg - bullish cloud ichimoku - bullish Order blok But....... 1. Whe don't retest ob on 144$ 2. 144-220 $ have big liquidity I think we must w8 bulish I-CHoCH in 262.5 (15m chart) for future long position. Remember trend your friend With love from Ukraine Your Cool
NASDAQ:MSTRLong
by Scythe_
BTC Cloud Analysis ☁️🇯🇵According to Daily Timeframe, BTC hit a supply zone which must be break above bullish in order to confirm the 24k target. Otherwise we can expect a retracement. At 21200 we have a fresh demand zone buying pressure is expected at least to push price higher. Ichimoku Cloud Signals: 1D Strong Kumo breakout, however the cloud is not very thick which indicates the trend is not that long term. Chiko + Tenkan sen and senko span A are pointing upwards which is great! Kijun sen and Senko span B are getting flat though, this means a retracement is imminent plus we approaching a Supply zone. 4H A retracement to Kijun sen already happened. All lines are almost pointing upwards strongly there's a bit of a curve which means it could range a bit before the next move. Kumo is way thicker which means the bull trend is getting more stable and stronger! 1H Senko Span B + Kijun sen got flat which means a retracement is expected to Kijun sen the yellow horizontal line marks the level the retracement could go down then we expect price to react to this and with intraday trend change confirmation + candlestick pattern we can go long with a 22.6k target if retracement happens. As this is a strong breakout on the Daily TF it could totally continue to breakthrough without pullback. 5M bar chart we can clearly see a range already forming on this resistance level. We need to see a breakout of the cloud with a strong signal coming along with lagging span to confirm that the retracement is happening. Please wait for this to end and trade in favor of the main trend from higher timeframes. Please manage your expectations and risk 2% of your capital per trade. Happy Trading ♥
BINANCE:BTCUSDLong
by KinaStar
2
Trend Continuation Idea 🤖 Multi-timeframe Technical Analysis: D1 Bounced off strongly from key support level that holds the uptrend within the ranging market. H4 Ichimoku Kumo Breakout destroying downtrend structure signaling the start of a potential reversal to the upside which goes along with Daily Timeframe trend and structure. Key Areas Key Support area: 0.2748 - 0.2493 (Potential Entries) Key Resistance area: 0.4558 - 0.5243 (Potential Targets) Please make sure to check brokers slippage along with trading fees for you to accommodate if the trading signal is useful for you or not. Do not risk entire portfolio on a single trade. Remember market is king! Stay healthy and happy trading!
Long
by KinaStar
WOOUSDT Long 🍉 Accumulation Market with potential Multi-timeframe Technical Analysis: D1 Accumulation Stage Market probably but it bounced off from key uptrend structure within the ranging market. H4 Kumo Breakout destroying downtrend structure signaling the start of a potential reversal to the upside, noticed it got rejected from the upper trendline so more confirmation could be needed depending on strategy. Key Areas Key Support area: 0.1463 - 0.1734 (Potential Entries) Key Resistance area: 0.2638 - 0.3059 (Potential Targets) Please make sure to check brokers slippage along with trading fees for you to accommodate if the trading signal is useful for you or not. Do not risk entire portfolio on a single trade. Remember market is king! Stay healthy and happy trading!
Long
by KinaStar
BTCUSD 🔥 Breakout or Correction!Hey guys! Today, I'd like to share my two ideas to which price might go for. I'll keep it short and sweet! 1. Breakout: This would mean continuation of the trend, this is resistance but can still totally be broken through and explode higher. The Ichimoku Cloud shows strength pointing upwards, usually when it gets flat it means a retracement is imminet and the trend needs to pause and breathe but we are not seeing that yet. Pay attention to Daily chart to forecast higher timeframe retracements on the cloud. 2. Rejection of Supply Zone. We could see a failed breakout ending up in climax because it's reaching the brodeaning area that BTC has been respecting and bouncing off for the past months. This means it will hit a diagonal resistance of the broadening channel. Keep in mind, we are approaching to a Supply zone too, which means a lot of people have been sitting in the red and are waiting for BTC to get there to break even and get out clean once and for all. Once we got a nice support confirmed for BTC, I'll suggest right then you can resume spot or futures trading with the alt coins. Meanwhile, wait for Daddy BTC to be in the clear to keep on the bullish continuation team! Remember the trend is your friend! ♥ Peace out, Kina
BITSTAMP:BTCUSD
by KinaStar