Ichimoku Clouds

Playing Trading Simulator Game:

Learning about Ichimoku Clouds.

Downward Trend Trading:
Used to SHORT a stock.
The setup is when the price moves down and through the cloud.
Wait for the signal.
The signal to SHORT the stock is when the cloud changes color.
Either have an exit price in mind or wait for an exit signal.
The exit signal is when the price rises above the blue line.

Upward Trend Trading:
Used to go LONG on a stock.
The setup in when the price moves up and through the cloud.
Wait for the signal.
The signal to BUY is when the cloud changes color.
Either have an exit price in mind or wait for an exit signal.
The exit signal is when the price falls below the blue line.

These are only my notes, they may be wrong.
Please do not take as advice.

Comment:

NOTE:
Price crosses blue line when exiting an oversold or overbought condition.
This info alone could be used to initiate a trade.
It's just another method of trading.

Comment:

NOTE:

The best scenario for going LONG:
Price is above the cloud.
Cloud is green.
SETUP - blue line drops below red line.
SIGNAL - blue line then rises above red line.
BUY NOW.

The best scenario for SHORTing a stock:
Price is below the cloud.
Cloud is red.
SETUP - blue line rises above red line.
SIGNAL - blue line then falls below red line.
SHORT NOW.

No idea about when to exit.