Have been looking at this thread and reading through your notes on Ichi Moku, and wanted to know if you look for insight in the candles as well.
It seems most of the time you are getting into a position when two out of three indicators are bullish/ bearish, is this correct? Rather than waiting for all three.
Also wanted to know in which time frames the Ichi Moku charts work best. Does it work best for a weekly or daily chart or is it like most strategies where we look at multiple timeframes like 15min, 1 hour, 4 hour, daily weekly?
Have been looking at this thread and reading through your notes on Ichi Moku, and wanted to know if you look for insight in the candles as well.
It seems most of the time you are getting into a position when two out of three indicators are bullish/ bearish, is this correct? Rather than waiting for all three.
Also wanted to know in which time frames the Ichi Moku charts work best. Does it work best for a weekly or daily chart or is it like most strategies where we look at multiple timeframes like 15min, 1 hour, 4 hour, daily weekly?
Cheers.
Hi Silverlight
Yes it can be used in conjunction with candle patterns.
You might not necessarily wait for say a Kumo crosssover because you might just be targeting the Kumo, but theres really much more to it than I can explain in one short post
The Japanese recommend to be used on daily/weekly, but I find it can work on all TFs from 5m up.
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