Strategies based in Ichimoku clouds.
Ichimoku is a popular indicator made by Japanese experts decades ago, yet, as with other products made in Japan, it is still usable today. It is a composite indicator with several elements that are made to ensure high probability signals. However, some prop traders analyzed each element separately to determine if their roles are performing well. This article will explain the elements, describe the default way of using it, and present two beginner-friendly strategies useable right away. Ichimoku can be used in many different ways, it is far more complex than Moving Averages opening the doors for many interpretations and strategies.
Trading only with the Ichimoku will not get you to the top trading levels, but some parts of this indicator are worth analyzing as...
The Ideal Ichimoku Strategy is the first strategy in my series over Ichimoku Kinko Hyo. There are two sides to a trade, and so there will be two different setups