I’ve been asked this question several times on Forums, many times I’ve tried to explain that Ichimoku is basically a Market Analysis Tool and not a Trading System. However, it doesnt mean that you cant make it work for your regular trades. The advantage to trade with Ichimoku is that you’ll get very few Trading Opportunities but when you get it then it will be a sure thing.
The basic idea is to stay in trade while the Trend is in place and to keep moving up (or down if you are shorting) the Stop Loss to make it a safe trade even if the market decides to make a U-turn against your bias.
Hope this helps …
Loading ...
Thank you for explanation about Ichimoku, if possible more explanation in your charts, because many people do not now English very well
Thanks
Have you tried Google Translate … its a nice tool for translation.
Hello ichi:
sorry for bothering.
I am learning ichimoku recently.
could you suggest me the ichimoku parameter for different time frames?
M5, M15, M30, H1, H2, H4, D1, W1…
and what time frame and parameter is better for precise prediction?
Thank you.
Hi beta,
I use it on various timeframes and it works well for me. though 4H is my favourite.
I use standard settings of 9/26/52