Ichimoku reddit. The conversion and trend line are great up-to-the-minute support/resistance levels. Even the professor gets stuff wrong which Kei gets right. Get app Get the Get the Reddit app Scan this QR code to download the app now. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also have one of the largest forex chatrooms online!. like right now for instance on the S&P, it's an ugly mess on the 5 min, we got news I don’t understand why more people don’t use trade the ichimoku cloud breakouts? I’ve been swinging stocks and crypto for nearly 2 years and the ichimoku rarely disappoints. Ichi is meant to be from what I understand a “at a glance” indicator that can show you all the data you need to know just by one look. I concluded that it ultimately existed on that chart largely as a pretty background than as a tool that I made real use of; I only had the actual cloud showing, with the plots for the (arguably unsightly) moving averages hidden. If I were to have just one or two indicators it would be Ichimoku and the 2 RSI on daily charts. From my experience, PA gives the same setups I would've gotten from oscillators and Bollinger Bands. Just a few comments to get some perspective though: Ichimoku works in so far as it is a self fulfilling prophecy - the more people follow it, the more it happens, as with every method based on historical data and not looking forward. The basis of Ichimoku are the three pillars; Ichimoku Number Theory (also has to do with time) Ichimoku Wave Theory Ichimoku Price Theory These are the three pillars of ichimoku. I use the levels it prints to get an idea of what price is doing"at glance" right? as that's what ichimoku means, as price respects and breaks Tenkan, kijun, span A-B etc etc. I very recently removed the Ichimoku Clouds from my one of my (D1) charts. I doubled all the default settings on the ichimoku and it felt alright. Hi everyone, I've been running an ichimoku cloud strategy using the 1hr timeframe and ichimoku cloud indicator for a while, and while it hasn't done badly, I feel that there is still a lot to improve with this strategy, does anyone have any tips or advice or other indicators that run well with this in order to improve the win rate? Opinion on the ichimoku cloud, so far I’m liking it but it doesn’t seem very popular for some reason. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also have one of the largest forex chatrooms online! ---- /r/Forex is the official subreddit of FXGears. Full title is 'Ichimoku Kinko Hyo'. There were less signals since its slower but i did move back to the standard settings as it fits my needs better as a short term trader. Usually the cloud breakouts with all conditions met such as lagging span above the cloud etc. I use it, but I don't use it as a trigger to take trades. And was invented by a Japanese trader called Goichi Hosoda (細田悟一 Hosoda Goichi), a Japanese trader / journalist who used to be known as Ichimoku Sanjin, which can be translated as "what a man in the mountain sees". Did you know that the settings for the Ichimoku cloud are based on a 6 day trading week, as thats the way it was back in the day in Japan? Try setting the cloud to 8-22-44, to adjust to our current 5day trading week, let me know what you think Aside from mobile Reddit design, you can also experience customized interface on web browser at old Reddit theme. Trading May 1, 2024 · The Ichimoku covers up a lot more than just some lines crossing one and other, it also predicts the short term future development of the trend, which is to a good extent accurate. One thing to note is that solely with Ichimoku you won't catch every pip in a ranging market (unless you know price action I’ve used ichimoku, and gotta say that I pair it with Bollinger bands effectively. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also have one of the largest forex chatrooms online! Welcome to FXGears. He's basically one of only a handful of people who actually explain Ichimoku properly and all of its uses. I use ichimoku on my charts, but I don't use it as a signal indicator at all, I mostly use it for the levels it creates. Almost 99% of the commentary, traders, educators and understanding of the ichimoku kinko hyo view this as the basis of ichimoku. I’m still putting into practice the future prediction aspect. Crypto If you are viewing this on the new Reddit layout, please take some time and look at our wiki (/r/step1/wiki) as it has a lot of valuable information regarding advice and approaches on taking Step 1, along with analytical statistics of study resources. But I’ve had good success using ichimoku This. The Indicator or system that I use is called ‘Ichimoku’. Interesting timing for me with your post. Also if you are in a trade, price closing below the Kijun-sen line or the Chikou span touching a price bar usually indicate the beginning of a sideway market, so Ichimoku traders use those signals to get out of a trade. Hablando de posta, el analisis tecnico puede ponerse falopa como dice otro usuario por ahi. Banner (new reddit) by u/Shinacchi, u/Arvlain and others. provide really accurate entries. Welcome to FXGears. Step-by-step guide to mastering signals, trend confirmation, and trading strategies for profitable returns. GameStop Moderna Pfizer Johnson & Johnson AstraZeneca Walgreens Best Buy Novavax SpaceX Tesla. Make sure to follow submission guidelines and rules. Or check it out in the app stores I trade off the 30 min chart, also look at hourly. We would like to show you a description here but the site won’t allow us. I trade price action, which is more about understanding the market rather than trying to forecast movement based on lagging data. El Ichimoku original se murio hace unos años, supongo que algun discipulo tomó la posta. With Ichimoku i like the visualization, I can’t describe it very well but it just helps me better make intuitive guesses on price: if the candle is bouncing off the cloud- then I’ll usually wait until a candle has properly broken into it to make a play (further confirming with RSI)- i also like the ‘historical’ data with it- if that day I know many people swear by fib retracements and it is considered one of the strongest indicators! In regards to the cloud, I normally try and follow the trends the cloud indicates and prepare for it, I'm just surprised how the chart showcased it would drop around this time, even though all indications back when it first formed on the chart (pre-devcon 2) was another big upward move. A mí me ha dado resultado manejarme con cosas basicas como lineas de tendencia, soportes y resistencias, retrocesos medidos con fibonacci. com, a trading forum run by professional traders. for instance, depending on where chikou is, can tell you certain thing like, if it's inside price, it's probably a range or consolidation,. However, it still gives a lot of false signals which I am trying to reduce. I don't trade ichimoku because I don't think it's necessary. Oct 16, 2024 · Learn how I achieved 75% success using the Ichimoku Cloud trading strategy. For Ichimoku specific content, you can't beat Forex Kei on YouTube. u/-ichimoku- A chip A close button. If you're still trying to figure out your style, I recommend you try PA. Business, Economics, and Finance. Then I discovered the Ichimoku cloud strategy about a week ago which I learned and enjoy - I try to use it on a 1 hour time chart since I enjoy swing trading as well. r/ichimoku: Learn to trade with the ichimoku kinko hyo system. not just that, but Welcome to FXGears. Also use it to simply see market condition on the underlying "at a glance" , if the ichimoku is messy, flat, and tight on the 5 min and 2min, I know it's some consolidation going on (Edit. First of all congrats, 67% return in one year is great investment. This is actually incorrect. .