schuck15
Long

EUR/CAD Ichimoku Edge to Edge Trade

FX:EURCAD   Euro / Canadian Dollar
I have started using Ichimoku along with Heiken Ashi Candles to get a sense of the trend. I will be using the fractals and just below the kijun as stop losses.
In this strategy, the cloud and price relative to the cloud give the big picture of the trend and the Tenkan and Kijun lines are a picture of trend in the moment. I am not totally sure whether to involve the Chinkou span in my trading strategy yet so I am doing some research on it to find the success rate of using it vs not. The Chinkou Span gives insight on price compared with somewhat recent price (30 periods in my case).

The edge to edge trade is essentially playing a possibly ranging market where no clear trend is defined. For me to enter the trade I need to see a bullish TK cross and a green candle close inside the cloud. In this instance the CHinkou Span is also above price which is an added bonus bullish sign. The target is the box at the top of the cloud and the SL is at the fractal level circled. I will manually exit this trade if there is a gold candle close or if price closes below the kijun.
Trade closed manually: HK candle closed bearish so i close

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