Why the Ichimoku?

Beginner Questions
1

Helloooo! :blush: I’ve been reading and replying to posts and I’m just intrigued to see that there are a significant number of people sharing that they use Ichimoku. :open_mouth: I mean, this has been around for a while, but I’m curious if there’s any particular reason a lot of newbies are also interested in it now… :smiley: Is there a new strategy using ichimoku? :smiley:

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2

I’m also interested, and have used it before.

I was sent these links by someone I asked, a few weeks ago, if they help:

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3

Any indicator that is based on moving average can bring you good profit, not on it’s own of course, but you get the point.

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4

Any indicator that can help us to make money in forex and can we make good money using it?

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5

I read a book on it, and it intrigued me. The system seems quite simple, buy above the cloud sell below the cloud (if I remember correctly). Being a beginner I think that if i adhere to the strategy ill learn discipline in trading, and what to look for as a visual indication that an opportunity to enter or exit a trade is coming.

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6

As you’ll begin to see, perhaps by reading some of the links above in Jane’s post, there’s really a lot of misinformation around, about Ichimoku. Including in books.

No edge there, I’m afraid - would that things were as simple as that! :slight_smile:

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7

Oooh. :open_mouth: Thanks for these, Jane. :blush: Interesting how these are from years ago, but it’s like people are regaining interest in Ichimoku again. :open_mouth:

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8

That makes sense! :thinking: There’s just a slight difference between them so I’m not sure if Ichimoku has an edge over moving averages. :open_mouth:

9

Hmmm. :thinking: Maybe, rather than one indicator specifically, it’s the use of this indicator as part of a whole strategy, if that makes sense. :sweat_smile: Are you already using particular strategy right now? :smiley:

10

Interesting! :smiley: I think it’s this specific cloud strategy that I’ve been seeing around the forums lately. :open_mouth: Are you currently using this system? How is it so far? :blush:

11

It’s like some of my mother’s old clothes - but she’s still waiting for those to come back into fashion again! :thinking:

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12

Maybe they’re finally in season! :sweat_smile:

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13

The Ichimoku covers up a lot more than just some lines crossing one and other, it also predicts the short term future development of the trend, which is to a good extent accurate.

14

Yeah, that makes sense. :thinking: Do you also use it for your own trading? :smiley:

15

Yes, to some extent, mostly I check the crucial time frames associated with it for predicting changes in price action.

16

Good for you! :blush: I’m still a bit intimidated by it. :open_mouth: If you don’t mind me asking, do you have a trading journal here where you use this strategy?

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18

I don’t, but I can explain the strategy for you if you are interested.

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19

Oh omg! :open_mouth: I don’t want to be a burden. :sweat_smile: But thank you for offering though! :smiley: If ever you decide to start a trading journal, I’ll definitely be supporting you! :smiley:

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20

No burden at all darling, I appreciate your kindness :heart_eyes: :blush:

21

Yeah, I’ve noticed that too! Ichimoku’s popular because it’s visual and gives clear signals. Maybe some new strategies are making it trendy again😃

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