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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.

Comments: 10
  • #10

    Frank (Sunday, 28 February 2021 14:44)

    Thanks

  • #9

    Nikos (Monday, 11 January 2021 20:05)

    Take Profit: The Resistance that will be formed (at a future stage) by the Chikou-Span right above the price you enter when the buying conditions are fulfilled, this resistance to be formed is your take profit level and vice versa, for short position. The support that will be formed (at a future stage) by the Chikou-Span right below the price you enter when the above selling conditions are fulfilled, this support to be formed is your take profit level.

  • #8

    Arthur (Thursday, 11 June 2020 21:37)

    IKH provides a captivating view on the charts.
    1. 3 conditions provide a confirmation of entry trigger
    2. The Chikou span target is a dynamic pivot point for exit
    3. The MA cross of Tenkan/Kijun Sen provide a bonus confirmation with sharp turns at high probability trade entry points

  • #7

    F (Tuesday, 20 August 2019 00:40)

    FG

  • #6

    Nikos (Monday, 04 June 2018 17:33)

    Hi JanusTrader,
    My mail is nhatzim@icloud.com,
    Could you please explain better the take profit action? It is not clear this point.
    Thanks a lot for your time.
    Regards
    Nikos

  • #5

    Nikos Chatzimanolakis (Sunday, 03 June 2018 17:30)

    Hi, I just do not get the take profit instruction could you please explain ?
    Thanks

  • #4

    JUAN (Sunday, 23 October 2016 23:57)

    where is the files?

  • #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

  • #2

    pegase (Thursday, 23 July 2015 10:10)

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

  • #1

    afraz (Wednesday, 22 July 2015 10:13)

    I understand your opening point but where to close trade