Ichimoku Japan: 3.4 Some notes when using

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3 years ago
Topics: Ichimoku, Forex, Trading

When we use Three Gold Cross Signals and Three Dead Cross Signals. We have some notes.

  1. When we are waiting for Three Gold Cross Signals to buy or waiting for Three Dead Cross Signals to sell is often too late for volatile market. Many traders want to take trades by the 1st signal, however, often times it becomes fake. So you need to decide whether to take trades early with potential fakes, or to wait for the Kumo breakout which is relatively late but with less fakes

  2. When the market is in a range, all the lines will interact with each other. In this case, you cannot take trades depending on Sanyaku signals as they are only reliable when the market is on a trend. I will talk about range trade strategy on later chapter in this book.

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3 years ago
Topics: Ichimoku, Forex, Trading

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