how's the ichimoku strat working out for ya? looks like it might have gone down, but instead price pierced the cloud to the upside, and now it's under again. major flaw of ichimoku: all based on MAs. a word of advice: do what i did: build your own leading indicator, ie not based on MAs but some other mathematics. good luck.
Ichimoku_Trader
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you are a genius...
isomorph
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why is it that every time i give out genuine advice it is met with sarcasm? you like the ichimoku? you like relying on lagging MA based indicators? you might as well just follow the trend. no need for studies to do so. or instead of you could put in some work in developing your own tools. but no. fine. enjoy your profits while they last.
Ichimoku_Trader
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You sound genuine and that's why I appreciate your concern and will reciprocate with some advice of my own...
You should only give advice about things that you understand. That way, your advice will have meaning and worth.
Clearly, you do not understand ichimoku so your advice has neither meaning nor worth.
No offence or sarcasm intended
Good luck
isomorph
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your point is well taken, but in the beginning of my career i did study how all the major indicators are built. and ichimoku is built upon MAs. so, not to be argumentative, i know what ichimoku is all about. and sure, it allows one to visualize the market differently than having only the classic 50 (or 55), 100, and 200 MA lines on the chart. but what it creates, in terms of visual context, is an illusion, that is to say, the so-called cloud is not a valid ceiling/floor in most cases. actually, i should rephrase this: if during the asian session most asian based traders dealing in yen actually do indeed use ichimoku, then you will see patterns that seem to validate the so-called 'truth' of the tool, but in fact, it is only a self-fulfilling prophecy. just like fibonacci retracement levels. if a sufficiently large number of traders all use it, then it will appear as if the market respects the levels identified by the fibonacci tool. i think you get my point. so what i was trying to say was: wouldn't it be better and more efficient to uncover the inherent truth that lies within the market structure itself and is invariant over time, regardless of how many traders use or do not use a specific tool?
Ichimoku_Trader
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again, you really don't know anything about ichimoku .. That is very clear now
So just don't come back
Your intention is now clear that you are advertising....
all i am saying, and i repeat for the deaf: self-fulfilling prophecy. why do you insist on pushing ichimoku or any old indicator on people who don't know any better? that is the real question here.
gfknn5
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short already closed this morning.
@NOW long is better for today