Ichimoku Trading Strategy
The Ichimoku technique is one of the classic and well-known techniques from Japan that is quite complete in the analysis of market movements. It’s just the technique I show here is the result of development that no longer displays the lines of “Tenkan cents”, “Kijun cents” or “Chikou span” and “cloud ” as the direction and strength of the trend. all been displayed in the text so that it looks cleaner.
Systems that are here have a lot of improvement in the ease of use because Ichimoku is actually very complicated and quite crowded in the chart.
The system consists of indicators Ichi 360v5, Ichimoku monitor, and KG Target level v.1.1
Here, you just wait for the signal based on the time frame that you like a blue upward arrow either red or down, which means the trend is up and trend down.
The form also indicates the strength of the trend arrow, if the arrow is straight and strong the trend is also analogous with the installation of large lots entry usually 3 lots, while the weak trend arrows are slightly tilted/inclined to the entry of small lots is usually 1 or 2 lots.
As a target profit, I add indicator KG Target Point V.1.1 for ease in which the placement of the target, of course, TP nearest the easiest to accomplish. But if the trend is really strong get to TP 2, 3, or even 4.
It’s a really easy and simple system…
Download Ichimoku Trading Strategies
Download the Ichimoku trading strategy here.
I hope this sharing on how to analyze the forex market with accurate ichimoku forex indicators can help us to achieve some money from the forex market.
Ichimoku Trading Strategy That Works For Intraday Profits
The Ichimoku Trading Strategy can be adapted for intraday trading, but it is essential to consider some adjustments and additional tools to improve the strategy’s effectiveness. Here’s a step-by-step guide on how to implement the Ichimoku Trading Strategy for intraday profits:
- Choose the Right Time Frame: The Ichimoku Cloud strategy performs best on middle-term and long-term timeframes, but it can still be used for intraday trading. Use a time frame of at least 1 hour and up to 4 hours.
- Identify Entry and Exit Points: Use the Ichimoku Cloud’s upper and lower boundaries to identify potential entry and exit points for trades. Buy signals occur when a candlestick from below the Kumo cloud breaks and closes above the Leading, while sell signals occur when a candlestick from above the Kumo cloud breaks and closes below the Leading.
- Confirm with Other Indicators: To improve the accuracy of the Ichimoku Trading Strategy, consider using additional technical indicators, such as the Convergence Divergence Trading Strategy using MACD. These indicators can help identify potential large price movements and confirm the signals generated by the Ichimoku strategy.
- Candlestick Analysis: Practice analyzing candlestick patterns to better understand the market structure and potential trading opportunities. This can help you cut potential stop-loss sizes, determine entry points, and exit trades on time.
- Use of Price Action Patterns: Incorporate Price Action patterns into your trading strategy to identify potential trading opportunities. This can help you spot patterns that may indicate strong trends or reversals.
- Adjust the Strategy for Fast Markets: For fast markets, you can use the Ichimoku Cloud’s support and resistance lines in the four-hour timeframes. Be cautious when trading on shorter timeframes, as the Ichimoku strategy may become more complicated, and you might miss some signals.
