Can someone please give me pointers to the below and that has examples in it.....
1. Ichimoku strategies e.g price above cloud meaning bullish
2. How to identify entry exit n stoploss n quantity of shares?
3. Are trailing stop loss and partial exits more favourable than fixed stoploss n fixed exits?
4. Should we need to use ichimoku in combination with other strategies or indicators?
5. What time frames are suitable for intraday and positional...
6. My primary interest is stock, futures of stocks and commodities.
Hello,
1. Price above cloud need not be bullish all the time. Certain times you will get whipsawed. So you want to take only high probability trades.
2. Entry/exits all depend on where price is, what C span is doing. Of course all these things will depend on how you set your parameters. Change parameters and entry/exits will change.
3.Partial exits etc depend how many lots/quantity your are trading. You can plan your exits depending on what kind of a trader you are. Also, Like i said before exits will depend on the parameters you set on your charts. Having said that you can always trail your stops.
4. Ich is a complete system in itself. You can trade solely on Ichimoku if you need to. You wont need any other indicator. Of course, a lot of traders prefer to use macd/rsi etc etc. Its your choice.
5.IMO, Ichi works best for positional trades as its a trend following system. If you know Ichi well, you can get as much as 80-85% of a trending move.
You can use Ichi for intraday as well but you may get chopped around a bit more.
If you are well versed with Ichimoku, it can be one of the best trading system out there. It will tell you when to get into a trade and when not to trade, irrespective of whether the price is above or below a cloud. It marks key support and resistance very well. Many traders tend to think that since Ichi is based on MAs, you will tend to get chopped around. But, Ichi tells you exactly when to enter trades and when not to. This is very helpful in voiding trades if price is going sideways but giving false breakouts all the time.
Im a bit short on time today. Also, some dll files from my charting software have gone missing so i cannot save charts. No promises but Ill see if I can find a way to post charts.
