Yahoo H4
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Yahoo H4
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Hi arco,
Mate, few questions here if you dont mind sharing with us here about, where and what sources you use for broadening your knowledge on Ichimoku.
Also, do you often use it in your trading and if so, does it bare accuracy more often than not? or compared to western technicals?
Last info or favourites that you find exceptional sources would be greatly appreciated.
Drillfix, http://www.kumotrader.com/ichimoku_wiki claims to be "The definitive reference to the Ichimoku Kinko Hyo charting system". It provides a very detailed and clear explanation of the Ichimoku system including the five trading strategies.
I have been backtesting these five strategies against stocks and indices over 10 - 20 years of historical data. Initial results are disappointing.
Hi Phaedrus
I think its hard to mechanically back-test Ichimoku. It definitely needs the human touch IMHO
e.g. In this trade below a human would really need to consider where to enter the short, and there are several considerations for going short. e.g. One gained $2 another about $1.
Ichimoku - one glance cloud chart, which is something a computer cant do (yet).
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There's no excellent source of info. Phaedrus mentioned one which is basic stuff, and there are no really good books on the subject as yet. After studying the method for around 8 years I could probably write a book but I dont have the time or inclination to tackle the job.
The best way to learn is to trawl through loads of charts and find the subtle nuances of the system. Only then will you understand it fully
rgds - arco
An Apple a day.................. = CASH
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Ichimoku Magic :)
Dell - entry 13.67
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Ichimoku Magic :)
.
Dell - move stop to 13.95 - its a free ride
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Learn the Ichimoku Magic :)
Ichimoku System indicated buys on AIG at $29.50 and $30.50 two/three days ago.
Current position looks for some potential hesitation in the yellow box zone where Chikou resistance is positioned.
GTA - Arco
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