CPI coming up in just over an hour .. so be careful
Comment
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T1 at the red line T2 at the top of the kumo After we reach there we will reconsider our situation
Comments
archie123
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Good and helpful discussion on identification of momentum.
Ichimoku_Trader
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good to hear ...
RalfDiana
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Hi I have been reading from the Educational and I think there is one note that says to never trade when the price is in the cloud, now it looks like that the momentum can happen just then when the price is in the cloud will You still go long or one has to wait for the price to leave the cloud first?
Ichimoku_Trader
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that note about not trading in the cloud relates to trading the KS method specifically. Other than that, I trade in the cloud all the time. Infact, it is the best place to get very nice breakout trades
RalfDiana
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Thank You for your fast answer good to know but to be able to do that one has to be quite an expert I believe or there is a reason why as once the Ks has starting to move from flat to up or down then even if the price is in the cloud it is OK to enter the trade. Maybe I better read all the Educational stuff first and then post a comment.I have to thank You for those articles really very instructive
Ichimoku_Trader
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Thank you
yes .. please do read through it
RalfDiana
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Sorry I forgot to ask You one more important thing I believe is worth wile to ask I see that the chart is 4hr one but if one change it on the 1hr it shows very clearly that the breakout has already happen and even past the cloud. What I like to ask is there a reason why You are following the 4hr one and not the 1hr one? Thanks a lot for your answer
Ichimoku_Trader
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I trade all TF but once I'm on a chart, I never refer to another
That way, you will stay focused
kidbroge
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The indicator below your chart, do use that as well to confirm or question momentum. Momentum has often fooled me, thinking I see it and it was merely a head fake. Thanks
Ichimoku_Trader
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The indicator at the bottom shows momentum but it will be too late but the time it registers it in a breakout situation so I do not use it for that