Since I learn best when going through examples, here's a trade setup using notes from this article,
www.forexstreet.net/...ng-with-the-ichimoku
Pre-flight checklist for trading w/ Ichimoku:
1. Price versus the Kumo = bearish or bullish
2. Type of territory = bearish, normal or bullish territory
3. Tenkan Kijun (TK) Cross = bearish or bullish cross
4. TK Cross signal strength = weak, neutral or strong signal
5. Chikou Span vs Price = bearish or bullish
6. Kumo Future = bearish or bullish
TL;DR
Bullish TK Cross but:
* Market sentiment is still bearish
* Weak signal strength (below Kumo)
* Bearish Chikou, below price of 26 periods ago
* Kumo Future still bearish
Hence, no trade atm.
Thoughts? Thanks
www.forexstreet.net/...ng-with-the-ichimoku
Pre-flight checklist for trading w/ Ichimoku:
1. Price versus the Kumo = bearish or bullish
2. Type of territory = bearish, normal or bullish territory
3. Tenkan Kijun (TK) Cross = bearish or bullish cross
4. TK Cross signal strength = weak, neutral or strong signal
5. Chikou Span vs Price = bearish or bullish
6. Kumo Future = bearish or bullish
TL;DR
Bullish TK Cross but:
* Market sentiment is still bearish
* Weak signal strength (below Kumo)
* Bearish Chikou, below price of 26 periods ago
* Kumo Future still bearish
Hence, no trade atm.
Thoughts? Thanks
Comentário:
Adding TrendMaster, Heikin Ashi candles and Stoch Momentum Index... still bearish.
Comentário:
Trade is on ONT ETH
Comentário:
Heikin Ashi candles + TrendMaster system giving a possible bullish signal if signal candle closes and confirms
However, still a weak signal strength on the TK Cross along with:
* Bearish Chikou
* Bearish Kumo Future
However, still a weak signal strength on the TK Cross along with:
* Bearish Chikou
* Bearish Kumo Future
Trade fechado manualmente:
Created another idea with ONT ETH pairing,
Signal candle just printed via TrendMaster few days ago. Will backtest the system on this one :fingers_crossed:
Signal candle just printed via TrendMaster few days ago. Will backtest the system on this one :fingers_crossed: