Ichimoku Kinko Hyo trading system...!

[ashwani chadha]

can you give me some basic idea regarding cloud strategy thanks

 

[CamelToeJoe]

Smart money uses the news to get in on a long at lower prices or to get in on a short at higher prices. The crisis in Japan really shouldn't have that much of an affect on the US economy but yesterday we saw a huge sell off. Smart money just scooped it up at the bottom and rode the Nasdaq for +50 points.

 

[4xpipcounter]

Uploaded with ImageShack.us


I plotted my WS2 at 2218 to show support and the perfect bounce off it. The DOWN for this market is on. This is only a minor recovery, as the bottom of the cloud and the TK combo will contain at circa 2304. Afterward, it is a return to the DOWN.

 

[linkon7]

I'll post the charts later...

but intraday...
so far we made a high of 5511 and a low of 5498 on a 3 min chart...
no valid sl...so no trade....

 

[linkon7]

2.
we broke the high... but rsi not supporting this...

 

[linkon7]

3. we have our first trendline...
rsi keeps climbing lower...

 

[linkon7]

4.
market is sideways with positive bias...

bot 25% capacity of 5600 call at 65...
Buy 25% at 5491
buy 50% at 5462

 

[linkon7]

5. trend line is broken... we have a double top...
market is too sideways...

 

[linkon7]

8. trendline gives one ref point at 5523

till then is hold longs...

 

[linkon7]

approaching 5550 mark.. shorted 5700 call at 35...

net cost now at 30...for 5500-5600 call spread