Ichimoku Kinko Hyo

Hi,
Wondering if anyone uses this chart indicator ? And what consideration do you consider when using it ?

As the saying goes, “The forum’s search function is your friend” (but only if you use it! :wink: ).

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I’m using it… But I don’t use the tenkan n kijiun line. I use only the SpanA n B.

The Ichimoku can also provide support and resistance levels, can generate buy and sell signals and entry and exit points. If you know well the signals that give it is a very good indicator to use in your analysis. I didn’t use it on my own trading because of the full colours in the chart that are confusing me.

Well said. I use it for support n resistance.so I use only the kumo cloud.no other line, the thicker the cloud the stronger the price is. Examples when price above the cloud n the cloud is thick means the price is going up.but no matter how, price will pull back.that where Sar come into the picture to hunt the pull back or reverse. Get some pips from the pull back before the price continue going up.than u will notice the price getting nearer n nearer to the cloud. Once it broken the support line of the cloud.price will reverse n move into the cloud.but it may be a reverse or only a pull back. That where Sar come into the picture again. When price is keep going down and it also far away from that Sar which mean Sar is above the price. Bingo…it a reverse. For MI.I’m a scalper so doesn’t matter to me how many pips it will down. As long as hit my target pips. I don’t even care if it reverse back again n move up. It may even better for MI cos another trade opportunity

Good post. I agree. You need the right settings, though, not the traditional daily chart stocks one.

Wahaha yes!!! U r right. Cannot use the traditional daily chart stock setting. My ichimoku setting is… Is… Is… Not a secret… Lol

Ichi (5;15;30)
Lexys teach me the setting. And it help mi alot, n been using it since than. Try on the live trading u get what I mean. I have been using it n it already part of my daily weapon I can’t do without it when fighting the forex war.

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Thanks, that sounds good. I’ve used 4:12:24 myself, with some currency pairs on intraday charts.

The kumo’s certainly very helpful.

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Mmmm 4;12;24 also not bad. Just place it on my other tablet to see the action n compair. Thanks quickly

One way of using a fast Ichimoku indicator, like 4-12-24 or 5-15-30 is in conjunction with another much slower trend-indicator to give an overall trend, and use the Ichimoku to show you when a retracement is correcting.

For instance, if you use 20 and 50 period MAs to give the overall trend, a 4-12-24 Ichimoku could helpfully do that, to time the entries in accordance with the longer trend.

You could even do it with two different Ichimokus with very different settings, slow and fast, but that wouldn’t half clutter your charts.

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