Ichimoku Cloud For Beginners

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In this following discussion we are going to talk about ichimoku cloud strategy that ran eves to make without any trouble. This is a most popular and technical tool and indicator that have great command in analysis lines that occur in chart which is about trading and its Ichimoku Cloud Kinko strategy. Forex market indicator is most important that can access to use in market. We are well aware that how much these strategies and chart line important for us that help us to maker money.

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Ichimoku Cloud 15 Min Day Trading Strategy

Method of strategy

There are a lot of methods that are good for trading and earn money but we are going to provide you best features and trading indicators that are best for you and help you in everything. We are well aware that people want more money without wasting time so here we are showing method of strategy that is best for you.

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Ichimoku Cloud Trading Strategies

However, we discuss about depth of ichimoku cloud that is best for traders to use in forex trading screen, this can be define best components to make sure everything is going well and not face any issues during this trading process. Indicator gives trading lines and show correct interpret that good for trade signals to show technical part.

Is ichimoku cloud Strategy Good ?

Some basic information about ichimoku cloud

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Best Ichimoku Strategy Buy & Sell Rules

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Ichimoku

We know how much you want to earn money or need it so we introduce this cloud indicator that is commendable tool and best software to install in every forex trading system.

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Ichimoku Cloud Strategy Explained

We can see some changes that can happen because of bullish trend to change basic data and price range in case of problems that happen which is rare. It cam show some middle part of price to not creating problems nor give you loss. It has bullish and bearish techniques to show best part of it which is considered to make sure that entrance signals are working properly.

Price movements:

Price movements are best in it because it cam show all type of movements that happen during trading. This indicator has a great demand and bigger worth of day trading lines and also teach us about solutions of MT4 spots that happen to get price range. Price range us one of most important things in forex trade for traders that they can do trading through this. This give you a best price and show all moving part that you are not facing any loss and get profit through this.

Ichimoku Cloud Trading Step by Step Guide

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Advanced Ichimoku Trading Strategies

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This particular indicator can give you movement techniques and best Quality practices that can help you to make money and take you away form problems that you can see. You can check all type of trading lines strategy that can be occurring in your mobile phone too that help you a lot and provide best line strategy.

Let’s get Started

First of all, if you haven’t already, go over to the post on setting up the ichimoku cloud for tradingview.

The image below might look complicated. But don’t get disheartened. The ichimoku cloud isn’t as complicated as it looks.

Elements of the Ichimoku Cloud

To make things easier I will abbreviate the terms like so:

  • Tenkan-sen = TS
  • Kijun-sen = KS
  • Sekkou Span A = SA
  • Sekkou Span B = SB
  • Chikou Span = CS (Current closing price)

The values for each and their respective formula:

(important: since we are trading with crypto, we double all the values since crypto is 24/7. We end up with 20,60,120,120,30)

  • TS = (highest high + lowest low)/2 over the last 20 periods
  • KS = (highest high + lowest low)/2 over the last 60 periods
  • SA = (TS + KS)/2 drawn 120 periods behind
  • SB = (TS + KS)/2 drawn 120 periods ahead
  • CS = Current closing price displayed Y periods behind

Whatever timeframe you are usingt the TS will calculate( the high + low) of the last 20 candles divided by 2.

Remember. When looking at the ichimoku cloud the higher timeframe wins. Start with Day>4h>2>1h>30min>15min>5min

Overview of the Cloud

The cloud is calculated with SA and SB.

  • When SA is above SB then the cloud is blue and bullish.
  • When SB is above SA the the cloud is red and bearish.

This is nice because you can easily see when there is an uptrend or a down trend. We can also use the cloud to see support and resistance levels

SA being our first support level and SA being our second level when the candles are above the cloud. (When below the cloud SA and SB become resistance levels)

When the price goes down through SA or SB it is known as the cloud break.

Cloud break can be above or below the cloud. Above is bullish under the cloud is bearish

As you can see in the image below, the price comes back to bounce off of the support levels drawn by SA

Beginners

Investing tip: When you want to add to your position you can stack your buy orders along the SA line if you missed your early entry.

Best Settings For Ichimoku Indicator

For example daily because this is your overall trend. You might not know where to set your profit area. You might find a good entry on the 1hour timeframe. But you do not know where to sell

so you go back to the 4 hour. Set your line a bit under the sekou span b and you have your exit.

and when you go back to the 1 hour timeframe

you will have your exit or take profit area

If the price enters the cloud there is a high probability that the price touches the other side of the cloud

Understanding TS

Cloud

so the ts can tell us the overall trend in the market. Sideway action, you see the uptrends and the downtrends

this flatness comes from the way TS is calculated

taking the average of the highest high plus the lowest low of the last 20 periods.

So how is this different from other moving averages?

Example with moving average 20. As you can see with the moving averages there are more rounded dips and not so many flat patterns because the ma is using the closing price of the last 20 periods

Because the TK is calculating the averages of those prices. It makes these flat periods. It means it has been sideways trading for the last 20 periods

The steeper the angle the faster the price moves

Since the TS is the faster moving average we need to be careful in how much weight we put into it. You want to use other indicators to confirm a bull or bear run, trend reversal and so on

Let’s look at the Kijun-Sen (KS)

Basically it is the same thing as the TS but a longer time period. What it does is it makes it a bit more reliable of an indicator to show if there is a reversal.

It is more reliable because it uses 60 candles instead of just 20. This can be seen as support and resistant levels 1

now as the price moves away from the TKS it comes back and touches the the TKS

The equilibrium is found when TS and KS come together.

Cpu-z download free for mac download. This can mean some type of downtrend or retrace

With the cloud back on you can see the price comes into the cloud. This is a big support and resistance area.

Entries and Exits

When we use the KS and TK together you can use it for entries and exits

For example after a big run up. You can exit on the TK or KS flat and look for new entries later on

Magic happens when there is a TK cross

A TK cross happens when TS and KS cross.

  • Bullish TK cross is when TS crosses above the KS line
  • Bearish TK cross is when TS crosses below the KS line

However, not all crosses are the same. Rule of thumb is to only look for crosses above the cloud for entries and under the cloud for short positions.

Otherwise you might get into trouble with fake breakouts and be stuck in sideways trading.

This is something you want to look for:

  • Price closes above the cloud
  • Tiki cross (in the cloud)
  • TS and KS move together above the cloud
  • CS break above the cloud

Signals for a very good entry

  • Price breaks above the cloud
  • TK cross
  • CS cloud break
  • Cloud twist (we will go over this in another post)
Ichimoku Cloud For Beginners

The CS Lagging Span

Often forgotten but very useful.

This is another way of defining support and resistance levels

after plotting lines on every peak

when you have a few lines you can add back the candles

Ichimoku Cloud For Dummies

With the candles back on you can see the support and resistance levels clearly

With all the other indicators back on you have a better picture on what is going on

TK cross is under the cloud. We will be not entering a long position.

Looking for an Entry Example ETH/USD

Not a day trade recommendation but still looking for a long term entry position

On the 30 minute chart we have the following signals.

  • Tiki cross above the cloud
  • price close above the cloud
  • Chikou span break above the cloud

Before we decide if we want to enter, let’s look at the 1 hour chart

We still do not have all the signals we need if we want to enter into a long term position.

There is a clear resistance at 416$/eth.

Ichimoku Settings For Day Trading

  • Price break above the cloud is a bullish signal
  • Tiki cross under the cloud is alright but not the best signal
  • Chikou span bounced off the resistance at 416. I would like to see the Chikou span break through the cloud
  • Cloud twist – bullish reversal. This is a very good sign.

The reason we do not want to go in a trade now, is because we could have a lot of sideways action. We do not want to be stuck in a trade.

Let’s look at the 2hour chart. (Higher time frames always wins)

Ichimoku Cloud For Beginners

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We do not trade in the cloud for a longterm position.

However, you could go in a short term position and trade edge to edge. For example If the candles break through the 416$/eth resistance line. You can go long and scale your sell orders a bit under and above the 452$/eth resistance.

When we look at the 4hour chart we have zero confirmations at the moment. But it is getting exciting.

This is what I suggest if you are thinking about buying long term. Wait for bullish confirmations on the 4hour chart. You can start adding to your position the more bullish confirmations you get.

We need to wait.

So that we are not on the computer the whole day following charts, we can add few alerts in tradingview. If you are not sure how checkout the beginners guide to tradingview

Below I am creating an alert to notify me when there is a bullish TK cross.

Thanks for reading.
Congratulations if you made it all the way down here. Comment, share if you like this introduction to the ichimoku cloud.