Indicator Ichimoku
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Thread: Indicator Ichimoku

  1. #1
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    Indicator Ichimoku

    Hello guys, I think this is my 2nd or 3rd contest in which, I would like to write a review about Ichimoku indicator. I very thankful to robo forex forum moderator's and admin that they give us a great opportunity to learn and earn from this type of contest. Its much differ from all old contests. I am very happy that I am becoming a part of this great contest.

    Introduction of Indicator Ichimoku:
    The Ichimoku is one of the popular indicator in the market, and designed to help and tell the trader's about market price trend. Trader's could get good trend direction, dynamic support and resistance areas, and trading signals from ichimoku indicator. Most of new trader's can get confused when they use this indicator first time on their chart, It could be little bit scary but one they will use it then they will able to know the real beauty of this indicator.

    Discription
    There are many indicators in mt4 terminal but to know about the best trend analysis people have a very good choice of Ichimoku indicator for it. This type of indicator's are mostly beneficial for those trader's who like to do swing trading, or like to use technical analysis in their trading. Trader's need some demo trading practice with Ichimoku and they will surely able to get best benefit from it. Most of trader's who use Ichimoku the "could" is one of the dominant factor for them. I will discuss more about the "cloud" function later.

    Ichimoku Indicator Features

    (a) Easy Trend Confirmation: It is very easy to know about the current market condition on you forex chart when you apply Ichimoku Indicator on your chart. Now I would like to discuss the cloud function of this indicator, so listen when price is above the cloud then it indicate a uptrend trend signal and when market price is belove the cloud the it indicator a bearish or downtrend signal. Its a very easy formula to calculate market trend in it.

    Trend Ichimoku.JPG

    (b) Support and resistance prediction: Its easy to predict the future support and resistance points when you use ichimoku indicator on our chart. You can get a clear idea about the future support and resistance points with the help of pullbacks in a uptrend or a down trend market.

    Trend 2 Ichimoku.JPG

    (c) Crossover signals by Ichimoku: Its also very easy to calculate a cross over signal with the use of ichimoku indicator. When Red line crossing the blue line from above to below then its a downtrend signal, and when Red line crossing blue line from below to upside then its a uptrend signal.

    Trend 3.JPG

    (d) Trend momentum: To get a long term trend advantage we have to check the momentum of the market, by using red line and blue line formula. When Red line moving down and away from the blue line then its a down trend market momentum, same like this when red line moving up and away from the blue line then is a uptrend market momentum.

    Limitations of Ichimoku Indicator: All we know that no indicator move the market, they are just related to the future market movement prediction. Ichimoku is a good trend following indicator, but every indicator is less effective in some market conditions. Ichimoku would give you a very strong and better signal in larger trending market. Some time it could generate false or misleading signals too.

    Indicator Setting:
    There is no new setting to use in Ichimoku indicator you have to use open your terminal, and have to click on insert, then just choose Ichimoku indicator. Use the custom setting of Ichimoku indicator and don't change any setting in it.

    My own opinion and recommendation about Ichimoku:

    Ichimoku indicator is a useful indicator, especially for all novice trader's who want some help regarding trend direction analysis, market trend momentum, support and resistance analysis, spotting trend reversals etc. Trader's will still need to control their risk, their psychology properly, their stop loss wisely. The use of ichimoku indicator is only scary if you don't know how to use this indicator on your chart so first do some demo practice with it. Better to follow long term trend positions with Ichimoku.

    Thanks for reading my thread, and if you have any query about the indicator then you can post your comment about that. Bye Bye

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    Last edited by Earnperfect; 05-12-2015 at 07:45 PM.

  2. #2
    Trader rinaji's Avatar
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    At first I would appreciate your thread, I found some traders who are not comfortable in using Ichimoku indicator. Maybe just because this indicator seems like complex when they see it at first sight. lol...
    I think this is a good indicator, ichimoku have a variety of useful features, so I think this is a perfect indicator, one packet.

    Quote Originally Posted by Earnperfect View Post
    (b) Support and resistance prediction: Its easy to predict the future support and resistance points when you use ichimoku indicator on our chart. You can get a clear idea about the future support and resistance points with the help of pullbacks in a uptrend or a down trend market.

    Click image for larger version. Name: Trend 2 Ichimoku.JPG Views: 0 Size: 113.1 KB ID: 12552

    I never know about this idea before, thanks for share about it.
    Possible the same logic as determined support/resistance by elliot wave, where the Higher Low serve as a support area,



    Good thread

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  3. #3
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    Thank you very much to like my thread, Yes this is a very good way to make money in forex, we are following the market trend, and following support and resistance too, so combination is not bad at all. There are many variety of features in this indicator, trader's just need demo trading practice for some time, then they can utilize this indicator very well on their charts or for their analysis.

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    Trader Hukam's Avatar
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    Quote Originally Posted by Earnperfect View Post
    Thank you very much to like my thread, Yes this is a very good way to make money in forex, we are following the market trend, and following support and resistance too, so combination is not bad at all. There are many variety of features in this indicator, trader's just need demo trading practice for some time, then they can utilize this indicator very well on their charts or for their analysis.
    There are many analysis which we can use in trading, but trend following and the combination of support and resistance, these all are making this type of trading strategy very impressive. That's true that most of time we see that people don't like it, but I believe that its really a very good indicator, And its looking much simple than moving average if we have a understanding of using it.

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    Quote Originally Posted by Hukam View Post
    There are many analysis which we can use in trading, but trend following and the combination of support and resistance, these all are making this type of trading strategy very impressive. That's true that most of time we see that people don't like it, but I believe that its really a very good indicator, And its looking much simple than moving average if we have a understanding of using it.
    Nice to hear that bravo, I think moving average is also a good indicator, and I not want to compare that with ichimoku, look all indicator's are good, and we have a lot of variety to choose. Without any proper understanding trader's would never be able to know the real function of ichimoku, yes its look scary but its not any ghost at all. Don't forget that trend is our frend, and ichimoku is also our another best friend how helps us to follow the other friend that is trend.

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    Quote Originally Posted by Earnperfect View Post
    Nice to hear that bravo, I think moving average is also a good indicator, and I not want to compare that with ichimoku, look all indicator's are good, and we have a lot of variety to choose. Without any proper understanding trader's would never be able to know the real function of ichimoku, yes its look scary but its not any ghost at all. Don't forget that trend is our frend, and ichimoku is also our another best friend how helps us to follow the other friend that is trend.
    First of all I am very thankful to the thread creator, and rina ji that you both have explained really well about the features of indicator ichimoku. Frankly speaking till now I was thinking that ichimoku is not a good indicator because it was looking very complex to do trade with it, too many lines, cloud and not getting the right knowledge about their function's, but this thread helped me out to learn more about ichimoku feature's. Now I can say yes its easy to do trade with ichimoku, no more words

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    I have tried ichomoku indicator several times and i should agree to the fact that the signal generated on H1 timeframe has given me nothing less than 100 pips in one single trade. The cloud formation and the twisting are the best signal for one to take up the trade by identifying the correct direction of the market.

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    Quote Originally Posted by Ashviniurs View Post
    I have tried ichomoku indicator several times and i should agree to the fact that the signal generated on H1 timeframe has given me nothing less than 100 pips in one single trade. The cloud formation and the twisting are the best signal for one to take up the trade by identifying the correct direction of the market.
    That's awesome, 100 pips is good if we are getting a signal in short term time frame, I think this is a good indicator for short tern and long term both brother, H4 and Daily chart are also good choices to use this indicator, it could give them 200 to 300 pip. I also mostly focus on its cloud formation and confirmation for a best signal.

    Quote Originally Posted by Khimi234 View Post
    First of all I am very thankful to the thread creator, and rina ji that you both have explained really well about the features of indicator ichimoku. Frankly speaking till now I was thinking that ichimoku is not a good indicator because it was looking very complex to do trade with it, too many lines, cloud and not getting the right knowledge about their function's, but this thread helped me out to learn more about ichimoku feature's. Now I can say yes its easy to do trade with ichimoku, no more words
    Your welcome mam, why don't you give a try in demo trading account, just go there and test this indicator. You will get more clear idea about this indicator, the function of cloud is very simple in it, and easy to check about the uptrend and downtrend, you need only a few hours to learn the functions of this indicator so spend time in demo trading account.

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  9. #9
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    Ok thanks for your support, This week I am little bit busy, from next week I will start to learn about ichimoku indicator

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    Quote Originally Posted by Khimi234 View Post
    Ok thanks for your support, This week I am little bit busy, from next week I will start to learn about ichimoku indicator
    Nice dear, that's fantastic yes for sure you can do your work, and from next week you can start your study on this (Ichimoku indicator)

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