I've been a student and trader of Ichimoku for over 8 years. It has been the foundation of my trading strategies which have evolved over time. A few years ago I wanted to simplify my charts so I distilled down the essence of the indicator to 50% retracement levels. In this video I show examples of using either Ichimoku or it's fundamental premise of retracement levels to find trading opportunities and hedge against market corrections.
hey, thanks a lot for the ideas I would like to test out those indicators that you talked about!
JaRoRu
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Great video! I'll definitely be following more along your ideas using this indicator.
What resources (books/video) do you recommend to learn more about Ichimoku Cloud indicator?
Also, I'd be interested in the custom indicator you show in this video.
bgeraghty
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Weird synchronicity, I just released this the other day and its (kinda) similar in concept.
Very interesting,
I like the Ichimoku but I agree its far too messy, you don't need most of the lines,
or even the whole line.
What I find even more interesting is yet again, you can draw the same information from different tools
and indicators.
The ichimoku, certain EMA on particular periods, fundementals compared to price, simple trend lines,
all can give you the same information as the humble 50% retracement.
skhan193
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how do i use the 50% fib retracement indicator?
SalviG
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Thanks norok. Great analysis like always. ;)
Could you please share the Link to your indicator you were mentioning in the video. Thanks
norok
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@SalviG, it is in the list of related ideas, retracement levels 1.1