Ichimoku_Trader

Technical analysts are very dangerous..

FX:USOIL   Crude Oil (WTI)
1743 35 46
It always amazes me how political, economic and other fundamental factors always appear at the perfect time to bring about the technical turns required to keep our charts moving within the laws that we all know and love.

I've thought about this issue so deeply that I can now expect fundamental changes in the world according to what the charts are telling me

So to all the technical analysts out there, I am telling you that you have knowledge that is very very dangerous. You have a leading indicator to world events.

IT WORKS...
I do believe that the charts actually are the reflection of all the events, the sum of them, that is why everything is so perfectly timed.
Reply
Yes I believe that too but sometimes you expect a reversal at a certain level and the events take place to achieve it and not the other way around

Think about that!!!
+1 Reply
Vytasbcn Ichimoku_Trader
Well, maybe we always find an explanation that fits with the picture? Otherwise we could really predict the prices and waves.
Reply
i think we do that all the time
+1 Reply
Also, it appears like a Pin bar bullish reversal chart pattern, which your noted black arrow is pointed towards. They are one of the best reversal candlestick patterns. Yes, price action is the #1 indicator, all other's are lagging. Price action take's into account all fundamental issues and shows them in a current price action on any charts.
Reply
Yes, that pin bar showed up when it reached the leading indicators though, so it was lagging in comparison to them.

But I agree about candles being the best short term directional signals you can use but only at S&R.

Thank you
+1 Reply
Also, I would like to point out that both leading and lagging indicators are important in trading.

We build our hypothesis about what will happen with leading indicators and we execute with lagging indicators

So both are really important. they integrate rather than compete
+2 Reply
http://postimg.org/image/3zugmglc1/
Reply
??
+1 Reply
Totally agree Ichimoku Trader. What besides oil do you usually monitor to predict fundamental changes? I am looking for two reliable indicators for Greece and China economies...if you are already looking at those which do you use? Thanks for reinforcing the power of technical analysis...I am a reformed fundamentalist and wish for the world to discover TA sooner than later :)
Cheers!
Reply
Thank you

During my analysis, I found that commodities are the best to watch because they actually contain within them the dimensions of true value and real need. Currencies unfortunately don't. Infact, you can judge the true value of a currency through its relationship with commodities.

So my answer is that I look at commodities, especially gold, silver and oil.
Although, I think that depending on what kind of information you want, you can find a commodity that correlates to it and look there.

Good luck
+1 Reply
ananora23 PRO Ichimoku_Trader
I will look into that. Much appreciated!!
Reply
Keep us updated
+1 Reply
All charts are not created equal.
Reply
I hope that's good

Thanks
+1 Reply
SO TRUE!! for example, Friday evening technical analysts were calling for a strong green candle on Monday, then Saturday Al-Naimi is dismissed which i believe is bullish for oil?!?!?!?!
Reply
Thank you
+1 Reply
Hi,

What is that green line? What kind of moving average is it?
Reply
Hi

The green line (chikko span) is just the closing price moved back 26 candles.
Very very important line

Good luck
+1 Reply
Surf256 Ichimoku_Trader
Right on! Thank you.
Reply
Most welcome
+1 Reply
I am medical doc and have only learned charts(mostly oil)since 3-4 months and I can't believe that I see.I think(maybe) charts is like DNA.Maybe It is new bigenner mistake?
Reply
Hi

Well, it is interesting to hear that from a doctor
Can you elaborate on why you see that?

Thank you
+1 Reply
Josef2016 Ichimoku_Trader


Thanks,as I said I 'm a beginner and may be am wrong, but to me it seems that maybe the charts as well as DNA coding for samthing or maybe future events?But i am not sure.
Reply
Thank you
+1 Reply
Surf256 Josef2016
Interesting perspective; why DNA? please elaborate.
Reply
Surf256 Josef2016
Interesting perspective; why DNA? please elaborate.
Reply
http://www.reuters.com/article/us-saudi-oil-minister-idUSKCN0XY0E1
Reply
Ichimoku_Trader andrej123456
Thank you
+1 Reply
Thank you very much for this great chart. Unfortunately i am unfamiliar with Ichimoku. Hence, can you please clarify what your expectations are short or long and how far?
Reply
Thank you

This is a chart with an idea. The main objective was to pass the idea and I did.
Below is a chart with a bit more usable trade info. Enjoy

Still a bear but I need a sign...


Please feel free to come back with your comments or questions
Good luck
+1 Reply
If i am trading monthly or yearly i look for a good opportunity that is looking at a lower time frame, trend-line and candle pattern ....Thanks
Reply
ok
+1 Reply
Love the thoughts shared in this post. I couldn't agree more with you Ichi
Reply
Never ceases to amaze me..
+1 Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out