for using higher time frames, does everyone have all of the follwoing before going to a lower time frame
bullish example
price above kumo
t/k cross
senkou span above kumo
Cable hit resistance on the 1 hour and has retraced back to previous lows.
I just noticed that the future Kumo had span A below span B. How important is it that if you are going long, that the future kumo has A above B?
Is the a 'one off' or should i be looking for that every time?
it looks more like another downside break/bounce of kumo is more likely based on the one hour chart. price is at the bottom of the kumo on the one hour chart.
Hi, I have just got in to this thread and am still working through it, but have taken first trade using this method. Perhaps somebody would kindly let me know if I got a correct entry. Thanks.
I am just starting to use ICHIMOKU to trade on the daily charts in Forex and I want to ask you guys the significance of the distance between the Tenkan Sen and the Price? and why is it so important to have a short distance between the two?
Pls. advice. All your points are highly appreciated.
both Tk and Ks can attract price.so if price is too far away you can expect retrace.especially flat lines.same goes for flat kumo
usd/cad sell @0.971
Ignored
Just to clarify, the Ts and Ks do not attract price directly, what is happening is that price has moved beyond its average. So, when price has moved far beyond its average, it is likely that you will get a retrace somewhere but it doesn't have to happen.
You could in fact plot a graph of the average distance that price moves from the Ks and this would allow you to time some of the retraces a bit better with statistics but as always the market responds to price levels as the more important points.
