Hello, it’s been awhile. Just curious to see how many of you guys utilize ICH in your trading?
Personally I do not, but no matter how other respond it should not really matter to you and your trading. I find the indicator useless, but that does not mean it is not a good one. There are plenty of traders who use it successfully. Don’t focus on what others use and how they trade and develop your own approach.
Ichimoku is a good advanced tool. You can use it to understand the market. Still use ICH for analysis purpose
Thanks. I find it very helpful in H1 and H4 but not so much for shorter periods. What I’m doing right is is importing the live feed into an excel sheet and then taking the average high and low from M5, M15 and M30. Had a real PROFOUND uptrend crossover yesterday morning at 4:30 am EST in GBP/USD. It was a buy at 1.6445. Unfortunately I was sleeping…
Nice downward trend finally in GBP/USD at 1.6635 at 10:04 est (according to my ICH). Went short at that number. S/L at 1.6685
That totally caught me off guard. Why is GBPUSD going back down? I was up 50 pips on 2 lots! Lost it all now :((( That really hurts!
You should of taken profit in one lot and move the other just above break even. Don’t be greedy but then again I don’t know what time frame you’re using.
I was being very greedy (and foolish) :17: I was using 1hr tf. I also lost all my gains from AUDJPY. What a useless day of trading.
Okay, still seeing that slight crossover downward in my cloud. If my time period is correct I see 1.6566 by 4:30 or so. However, knowing my luck it will indeed hit that magical 1.700.
That is one indicator I never understood how to use, but then again I use price action without indicators anyway.