105# Ichimoku Trading System

Ichimoku Trading

Submit by Janustrader

 

Pairs: all.
Time Frame: 15 min and Higher.
Tenkan Sen : gold.
Kijun Sen : Red.
Chikou Span (Lagging Line) : Purple.

Short Entry: 

Condition 1: Tenkan Sen below Kijun Sen.
Condition 2: Chikou Span below the Price Line.
Condition 3: Current Price below the Cloud.

Long Entry:
Condition 1: Tenkan Sen above Kijun Sen.
Condition 2: Chikou Span above the Price Line.
Condition 3: Current Price above the Cloud.

Exit Position:
To exit, we use Chikou Span (the lagging line).
Stop Loss

For LONG position: The support on Chikou Span right below the price you enter is your Stop Loss level,

vice versa, for Shor position.

Take Profit
The resistance on Chikou Span right above the price you enter is your Take Profit level, vice versa, for Short position.



In the picture Ichimoku forex system in action.

Share your opinion, can help everyone to understand the forex strategy.

Write a comment

Comments: 4
  • #1

    afraz (Wednesday, 22 July 2015 10:13)

    I understand your opening point but where to close trade

  • #2

    pegase (Thursday, 23 July 2015 10:10)

    I don't understand your entry point and your exit point.
    And cloud ?

  • #3

    Mase (Tuesday, 10 November 2015 18:04)

    can you please explain stop loss and take profit once again? i don't get it yet...thx

  • #4

    JUAN (Sunday, 23 October 2016 23:57)

    where is the files?