This thread will be dedicated to the indicator Ichimoku Kinko Hyo, which is useful in determining levels in support/resistance and staying out of consolidating markets "at a glance".
There are several facets to Ichimoku Kinko Hyo that when learned and utilized, can create a picture of what the market will possibly do.
I will attempt to share with everyone here all I've learned about Ichimoku Kinko Hyo in the following posts. It will be a long explanation as I want it to be thorough. It may take me a day or more to put all the info together so do bear with me, and try not to ask questions until I say that I've put everything that I wanted to in as you may have a question that I am fixing to get to in my next posts.
Please note that there is no real SYSTEM here, and that one Ichimoku trader can take a trade that another Ichimoku trader is not liking.
Reason for this thread? To be helpful, and I'd like to be able to discuss Ichimoku Kinko Hyo here at FF(a vague topic around here) with newbies and pro's alike. Maybe you guys can teach ME a thing or two as it is very subjective in nature
There are several facets to Ichimoku Kinko Hyo that when learned and utilized, can create a picture of what the market will possibly do.
I will attempt to share with everyone here all I've learned about Ichimoku Kinko Hyo in the following posts. It will be a long explanation as I want it to be thorough. It may take me a day or more to put all the info together so do bear with me, and try not to ask questions until I say that I've put everything that I wanted to in as you may have a question that I am fixing to get to in my next posts.
Please note that there is no real SYSTEM here, and that one Ichimoku trader can take a trade that another Ichimoku trader is not liking.
Reason for this thread? To be helpful, and I'd like to be able to discuss Ichimoku Kinko Hyo here at FF(a vague topic around here) with newbies and pro's alike. Maybe you guys can teach ME a thing or two as it is very subjective in nature