sanstocktrader

Trend signal using Ichimoku system

NSE:NIFTY   Nifty 50 Index
This is my first small attempt to explain ichimoku system and how to use different ichimoku trend signals in trading decisions .
One Doubt, Can i also consider the Conversion line (Blue) Crossover Baseline (Red) and moves above as an Entry Signal to GO LONG?
Reply
Thanks for demonstrating it simply superb.
Reply
hi san good to see that people have started thinking beyond western technical as well.you have tried good and keep it up , i am not going to point out what explanation is right and what is wrong.but i would suggest you to use it as a pure system along with all the 5 elements of ichimoku theory.without knowing 5 elements this system is incomplete .
Reply
is this a good short candidate for next few days ?

Reply
sandy turtlemove
@turtlemove , its a sell ,after three days future cloud will be turned bearish and chikou will touch span below chikou and most likely it will be settled
down at flat span b cloud below chikou,from there price will re test future flat span b ,try to understand the calculation of the indicator first.it will help u in decision making.
Reply
@sandy, thank you !
Reply
sandy turtlemove
@turtlemove, hoping to act accordingly as per given above statement
Reply
@sandy, yes ! observing closely..
Reply
@sandy, Sun Tv went down to 887 and bounced back,if we were short from 925,when do you get out of the trade,what is the indicator? Also at 927 the price was at the base of the cloud which can act as a support also so should we wait for price to close below the base of the cloud to short ?
Reply
awesome ! thanks for sharing
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out