Trading Ichimoku

This is TLT; Barclay’s 20 year bond index Will you short, or long? The chart seems to suggest ‘exhaustion’ with price level gapping up and down over the past 1 month. It is currently trading closer to the support level for the gap. And I think it can easily just drop below the support and [...]

David Linton’s Cloud Charts provides a good introduction for new traders seeking to learn more about Ichimoku (or Cloud Charts). It is divided into 3 sections with a total of 16 chapters. The first section (comprising of 7 chapters) deals with general Technical Analysis The second section (comprising of 5 chapters) introduces the reader to [...]

I believe AKAM is poised to consolidate after hitting a high couple of days back. From the Ichimoku chart, we can see from both the candles action and RSI that it has run up a fair bit. With RSI approaching overbought indication, it is a good time to take some money off the table. Currently, [...]