DislikedHi Guys. 7,28,119 settings I use. I think it allows you to avoid some false signalsIgnored
Ichimoku for long term trading
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OK, here is how I use the Ichimoku Kinko Hyo.
As I mentioned on another post without the image, most traders overlook the simple fact that a Forex pair is a mathametical Ratio which basically means both sides are equal.
In this case "equals" also means 50% or half.
This basically means there is always a 50% point in any movement. Thie 50% is actually everywhere including in the Opening & Closing price of every candle bar.
**You can actually check this with any bar when it moves & you will notice that the price 'usually' goes both ways on each bar.
The best way to check this would be to insert a 1 period Moving Average (set at Shift 1, Simple, Median)
Also insert a 1 period Moving Average (set at Shift 1, Simple, Close) which moves at the same rate & speed as the price. This MA should typiaclly cross the 1 period Moving Average (set at Shift 1, Simple, Median)
AND, this 1 period Moving Average (set at Shift 1, Simple, Median) will always be right in the middle of both the 1 period Moving Average (set at Shift 1, Simple, Close) & (insert) a 1 period Moving Average (set at Shift 1, Simple, Open).
PLEASE NOTE THAT I HAVE NOT PUT ALL THE MOVING AVERAGES IN MY ATTACHED IMAGE AS IM USING BOLLIGER BANDS IN THE ATTACHED EXAMPLE.
The Ichimoku is an extention of the 50% crossing which is evident whenever the Trend swithes sides.
I have deliiberately avoided saying how exactly to use this Ichimoku setting & neither am I going to reveal the actual settings.
If you want to understand how this works, try & do some homework.
Im out.
As I mentioned on another post without the image, most traders overlook the simple fact that a Forex pair is a mathametical Ratio which basically means both sides are equal.
In this case "equals" also means 50% or half.
This basically means there is always a 50% point in any movement. Thie 50% is actually everywhere including in the Opening & Closing price of every candle bar.
**You can actually check this with any bar when it moves & you will notice that the price 'usually' goes both ways on each bar.
The best way to check this would be to insert a 1 period Moving Average (set at Shift 1, Simple, Median)
Also insert a 1 period Moving Average (set at Shift 1, Simple, Close) which moves at the same rate & speed as the price. This MA should typiaclly cross the 1 period Moving Average (set at Shift 1, Simple, Median)
AND, this 1 period Moving Average (set at Shift 1, Simple, Median) will always be right in the middle of both the 1 period Moving Average (set at Shift 1, Simple, Close) & (insert) a 1 period Moving Average (set at Shift 1, Simple, Open).
PLEASE NOTE THAT I HAVE NOT PUT ALL THE MOVING AVERAGES IN MY ATTACHED IMAGE AS IM USING BOLLIGER BANDS IN THE ATTACHED EXAMPLE.
The Ichimoku is an extention of the 50% crossing which is evident whenever the Trend swithes sides.
I have deliiberately avoided saying how exactly to use this Ichimoku setting & neither am I going to reveal the actual settings.
If you want to understand how this works, try & do some homework.
Im out.
Trading is simple but not easy / Bill Williams
