The classic defination of Trend by (the father of Technical Analysis) Charles Dow: "trend is a directed movement of prices, where every next following maximum is higher/lower as compared with the previous one and every subsequent minimum is higher/lower as compared with the previous one"
(Wikipedia defination) A market trend is a putative tendency of a financial market to move in a particular direction over time.These trends are classified as secular trends for long time frames, primary trends for medium time frames, and secondary trends lasting short times.
Some will argue there is no clear defination of Trend and "ending with absolutely absurd opinions of some traders on absence of trends at present days markets as well as Eric Nyman’s opinion on variety of trend that are built on absence of clear criteria: "There are no strict rules, which are fixed once and forever", according to E. Naiman."
Hence, one of the reasons becomes clear why a great number of forex traders keep losing their deposits. Once there are NO clear and understandable definitions of trend – then on WHICH trend (bullish or bearish) deals shall be opened and WHAT direction "to allow income to flow"?
Furthermore, Ichimoku is trend following so without understanding of trend is without understanding of Ichimoku.
(Wikipedia defination) A market trend is a putative tendency of a financial market to move in a particular direction over time.These trends are classified as secular trends for long time frames, primary trends for medium time frames, and secondary trends lasting short times.
Some will argue there is no clear defination of Trend and "ending with absolutely absurd opinions of some traders on absence of trends at present days markets as well as Eric Nyman’s opinion on variety of trend that are built on absence of clear criteria: "There are no strict rules, which are fixed once and forever", according to E. Naiman."
Hence, one of the reasons becomes clear why a great number of forex traders keep losing their deposits. Once there are NO clear and understandable definitions of trend – then on WHICH trend (bullish or bearish) deals shall be opened and WHAT direction "to allow income to flow"?
Furthermore, Ichimoku is trend following so without understanding of trend is without understanding of Ichimoku.
DislikedA lot of people are coming out with different methods of trading Ichimoku and when they lose money they start asking stupid questions, Ichimoku is simple and very straight forward like the Moving Average dead cross(TS/KS cross below Kumo) and golden cross(TS/KS cross above Kumo), it will always work well when there is a trend( as with any thing that has to do with MAs ie Guppy, HMA etc) but will malfuction in trendless scenarios, some traders though can still use the principles of Ichimoku to scalp in rangeboud markets and will be succesful if they...Ignored