Disliked{quote} I have heard great things about ichimoku too... I know a very successful trader who uses ichimoku. I personally don't but I might look into it in the future... Trading works very differently for everyone... some people feel better adjusted to one particular system, while others to a complete different system.; what matters is the individual (understanding the self [scrutinizing your own nature; your own behavior patterns etc)... It is usually after losing money that one starts a self reflection and education process... (its a complete psychological...Ignored
I have been investing for about 5 years now on the LON:Aim market and the reason i can see such great use of this system is that realistically you are always looking for that perfect entry point which ichimoku is brilliant at helping find.. For me and how i know my personality works it will remove all emotional attachment from the particular, stock, currency, commodity etc and just keep finding that perfect entry.. they don't come around every day so sticking to the plan and not getting side tracked by taking more risks and going in without that perfect entry also teaches patience witch is the biggest virtue both on and off the market and something i find both investors and traders quite often lack.. more often then not to their downfall.
Interestingly whilst i have been charting various stocks within the aim market i have found that the ichimoku system picks up good and bad news 1-2 days before the news is released based on the volume traded... This seems to work for shares trading within a very tight range for a long time and a sharp movement to the up or down side depending on whether the stock is being heavily bought or sold by the insiders...
Pretty astonishing really
Thank you for your kind words my friend I hope to become more apart of this thread now and although I will not be trading gold on a daily or even weekly basis I do plan to try and find the bottom or top of any 2-6month+ Bull or Bear run which the ichimoku can help indicate.
Hope you are all winning today.
Que Sera