TA | Trading Ichimoku

Category TA

Entries 14 Total

How Ichimoku Shows Head and Shoulder

Jun 16, ’10 10:44 PM

Following is a 5 minute chart on the /ES for June 16.

This is one of the reason why I like Ichimoku so much.

We can easily spot the head and shoulder by looking at the Chikou Span on the left and trade off it as it breaks support.

Noticed how it breaks and went down from the neckline.

Jun 3, ’10 12:44 PM

Here’s my reading of the various indices based on Ichimoku

Notes:

1. If price level is above kumo, it is considered UP or bullish and vice versa.

2. If price level is above Kijun sen (the trend line), it is considered UP or bullish and vice versa

3. If price level is above Tenkan sen, it is considered UP or bullish and vice versa.

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May 3, ’10 10:14 AM

Review of last week closing for SPX and RUT to start the week.

Both SPX and RUT exhibit bearish signals from the candlesticks despite the Ichimoku has not indicate it.