Hello there!
I would like to ask how do you determine a trend continuation in ichimoku ? Like in usdjpy m15 ,22 may 23:16… How do you enter the trade and ride the trend? My take on this is that I go to a lower timeframe but its kinda heard with all the noise.
Thank you for your help
Quite simple, stick to your usual time frame and take reversals off the cloud bounce either on the upper or lower edges.
[QUOTE=“GRIX FX;493196”]
Quite simple, stick to your usual time frame and take reversals off the cloud bounce either on the upper or lower edges.[/QUOTE]
Hi GRIX FX,
Yup, I wait for the retracements to occur ( usually when the price follows the flat Kijun) but what if it doesn’t hit the Kijun , the retracements are just small . Can you tell me more about the likelihood that a kumo bounce will occur ? Thank yiu
well I cant display the stats of the bounces off the Kijun, Tenkan and Kumo, but they are available.
The idea behind the ichimoku is lots of patience in trading and you just got to wait for the bounce off these three.
Failed attempt to break the kumo or failed attempt to break kijun
Of course, this is only one piece of information that you might want to consider before you make a decision
I, personaly, think that Ichi is all-sufficient indicator, for the first time it seems too complex, but if you read and learn all the rules of it, you have the trading strategy. Also you can use part of ichi to trade.
Well the common perception is that the Ichimoku is a complex tool. A sentiment that I don’t share at all. I have read extensively on the indicator and attended some advanced classes. Now I can tell for free its the easiest tool to use if you are particularly a patient person.