Ichimokukinkohyo
MNQ 15 MINUTE CHARTThis is a view of the 15 Minute Chart showing the Ichimoku ' Death Cross ' which indicates the beginning of lower prices; Also, to confirm this we see price moving into the Kumo and we see the beginnings of a Red Kumo which confirms lower prices. These in my opinion are multiple areas of convergence that confirm my overall analysis. At this point I will determine how far to move my Stop Loss. Generally, I will not move it to just below Break even until price is beneath the Kumo on the higher timeframes, specifically the 1 hour.
MNQ 1HOUR CHARTOn the 1Hour Chart again pay attention to the the 5 lines and Kumo as they pertain to price and where it is gravitating to. I have been in this trade since the Australian Market Open based on the premise that price will drop significantly during the (mid London Session and throughout the New York Session.)
MNQ FUTURES TRADE UPDATE:This is an Update of my Short MNQ trade. As mentioned in my previous posts, I utilize ICT Price Action Concepts to determine direction and the Ichimoku Indicator to manage Expansion Ranges, Retracement Levels and in general determine how long I stay in the Trade. I Consider myself a Short-term/Day Trader.
NKD FUTURES/JPY 225 INDEX15 Minute Chart with the Ichimoku Indicator overlay. I think it probable that these gaps will get filled during the Australian/Asian Sessions. My overall narrative is:
*Price will retrace into the Daily/Weekly imbalances.
*I have Alerts set at the Fair Value Gaps because I may trade the first Hour of the Asian Session.
intro to Ichimoku Kinko Hyo (Arabic Narrative)Novice / Beginner intro to Ichimoku Kinko Hyo technique.
for a succesfull trades, kindly note that the following 3 conditions must be present:
1- your entry point is always above green kumo
2- Bullish TK cross occured above the green Kumo
3- Chiko span is above TK
we never trade in the Kumo.
it's not recommended to trade below the Kumo, and even Bullish TK cross occured in and/or below the kumo
Good luck :-)
M