Help with Ichimoku

Hello!

I have a last question to complete my Ichimoku system rules and I think it's the most important question: what to use to define my S/L and T/K. Does anyone here use an indicator from Ichimoku as S/L and T/P?? Or if not, what other indicator do you use? I was thinking something like Fibo or Parabolic SAR. I don't want to use a number of pips as my SL or TP.

Thank you very much.

Daniel

You are right. An exit should always have a technical reason.

1. The Ichimoku kijun&tenkan cross is one exit signal to consider.

2. A 1.618- 2.618 Fib expansion is a realistic target too

I would say SL and TP depends on your entry signal (Kumo break, TK cross etc). I would always want to leave some as a runner until there is a clear signal the other way or price has closed outside the opposite side of the cloud. After all Ichimoku is a trend indicator and price can stay above the cloud for a great run.

You could check out Chaos Trader for some ideas.