This chart can clearly point out from a position trading perspective of how I or you can use the cloud when there is a market sideways and that you or I can put a trading plan on no matter which direction the market intends to go.
I know that trading can be over whelming for the beginners in trading, which is why I have simplified how to use the ichimoku for you to be able to understand.
Thanks for reading
Comments
lawcch
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more straight forward guide, take trade when the price candle above the cloud, chikou is above the past 26 candles and above the cloud. No need to wait for Tenkan and Kijun lines crossover, because it may be a bit late to catch the trend. Unless you are doing the pullback strategy on Ichimoku, U have to wait for the pullback maybe at 50% or 78.6% Fib. retracement level after the candle broke out from the cloud.
ZigaZaga
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Are they always the same colour on all platforms? Why not just call them by their colour if they are?