Hello Traders,
Good Day i have been trading a great Ichimoku system for the past 2 years and the system has 80-85% winning rate. The Beauty of the system is its simplicity and great take profit and clear stop loss targets (Unique method). If you follow the rules with great care then you can make handsome pips with the system.
There are many ichimoku systems out there, but in this system we have clearly defined Take Profit and Stop Loss criteria which when followed will give you great results.
Basic Chart Setup:
1. 1 hr timeframe
2. Bar chart/Candlesticks
3. Ichimoku Indicator (9,26,52) Default settings.
Ichimoku Explained:
Attachment 1219276
As seen from the above picture, ichimoku has Six parts A,B,C,D,E,F. The names can be a bit difficult to remember as they are Japanese based. To simplify the system just assign Alphabets for those names
Chinkou Span - A
Tenkan Sen - B
Kijun Sen - C
Senkou Span A - D
Senkou Span B - E
Kumo Cloud - F
System Rules : (For Short Setup)
Step 1:
A wave or Chinkou Span Should be Below Price action, If yes move to next step.
Step 2 :
B wave or Tenkan Sen should cross C wave or Kijun sen (downside cross for short), If yes move to step 3.
Step 3 :
Price should cross D,E,F and close below for short, if yes move to next step.
Step 4 :
Open three positions in the short direction, TP 1 = 30 pips, TP 2 = 50 pips, TP 3 = 100 pips, Stop loss always 50 pips but it can be be minimized if the price action closes above and the all the three steps happen (opposite signal)
Step 5 :
Move the Trade to BE after TP1 hit.
Attachment 1219279
From the above picture you can see how we made 180 pips pure profit.
1. A wave below the price action.
2. B wave crosses C wave below.
3. Price Breaks D,E,F. We enter trade at the opening of next candle. TP Hit!!
Opposite rules apply for long trade set up, this method is successfully traded on EU,GU,AU,UJ. One might get max 6-8 trades per pair a month, close to 25 quality trades a month from these pairs.
Good Day i have been trading a great Ichimoku system for the past 2 years and the system has 80-85% winning rate. The Beauty of the system is its simplicity and great take profit and clear stop loss targets (Unique method). If you follow the rules with great care then you can make handsome pips with the system.
There are many ichimoku systems out there, but in this system we have clearly defined Take Profit and Stop Loss criteria which when followed will give you great results.
Basic Chart Setup:
1. 1 hr timeframe
2. Bar chart/Candlesticks
3. Ichimoku Indicator (9,26,52) Default settings.
Ichimoku Explained:
Attachment 1219276
As seen from the above picture, ichimoku has Six parts A,B,C,D,E,F. The names can be a bit difficult to remember as they are Japanese based. To simplify the system just assign Alphabets for those names
Chinkou Span - A
Tenkan Sen - B
Kijun Sen - C
Senkou Span A - D
Senkou Span B - E
Kumo Cloud - F
System Rules : (For Short Setup)
Step 1:
A wave or Chinkou Span Should be Below Price action, If yes move to next step.
Step 2 :
B wave or Tenkan Sen should cross C wave or Kijun sen (downside cross for short), If yes move to step 3.
Step 3 :
Price should cross D,E,F and close below for short, if yes move to next step.
Step 4 :
Open three positions in the short direction, TP 1 = 30 pips, TP 2 = 50 pips, TP 3 = 100 pips, Stop loss always 50 pips but it can be be minimized if the price action closes above and the all the three steps happen (opposite signal)
Step 5 :
Move the Trade to BE after TP1 hit.
Attachment 1219279
From the above picture you can see how we made 180 pips pure profit.
1. A wave below the price action.
2. B wave crosses C wave below.
3. Price Breaks D,E,F. We enter trade at the opening of next candle. TP Hit!!
Opposite rules apply for long trade set up, this method is successfully traded on EU,GU,AU,UJ. One might get max 6-8 trades per pair a month, close to 25 quality trades a month from these pairs.