can you please elaborate your tata global ichimoku trade strategy ......
AshishChauhan_AlgoTrader
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@rohit.muluk, sir, given a buy--1). as it had strongly bounced from the cloud. 2). Future cloud span A and B are turning positive. 3). CCI and Rsi levels are in favour 4). I had given a buy above certain level above the strongly bounced candle which is above a previous day candle.
Finally, my buy level didn't triggered and call was ignored.
rohit.muluk
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@ashishchauhan sir, thank you for reply.....i am learning ICHIMOKU KINKO HYO since few days.....your trade set up was very nice ,i was also bullish on tata global......i jus want to ask you one question ...according to chart CHAIKOU line crosses price from bottom to up on 15/11/2016(15:15:00),so can we expect buy signal after 26 candles of chaikou crossover ?.....means can we hold it for 2 more candles for buy signals?
AshishChauhan_AlgoTrader
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@rohit.muluk, sir, on 15min tf Chikou had crossed price from below on 15/11/2016 (15:15:00) due to gapup. Yes it can be considered a buy signal but see it had crossed due to gapup so there is need to confirm it and it can be confirmed by your some other analytical skills. This pattern of chikou you will find out many times but mix it with other strategy also then you can achieve good accuracy.
rohit.muluk
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@ashishchauhan, sir....very informative.......just curious,which other strategy you incorporate with ICHIMOKU
AshishChauhan_AlgoTrader
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@rohit.muluk, Sir, it depends from person to person as you like ichimoku , choose a second one some oscillators/trendline etc. A perfect system is what suits you. I use cci and rsi plus trendline.
rohit.muluk
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@ashishchauhan, THANK YOU FOR DISCUSSION...ll going to track your strategy......thx