Trading Ichimoku

On the Ichimoku chart, I have a cross for the Tenkan sen and Kijun sen.

However, the thing to note is Kijun sen is sloping downwards.

Palm provide one of the best case study for Ichimoku as a trend trading tool.

If you have gotten the stock back in end 2008 or early 2009, you will have ride it to the top at around $17 from somewhere between $3 or $6.

Here’s one for the bearish trade. Do note that it is used for trend trading.

Generally, when I have a bullish Tenkan sen Kijun sen cross, I would have follow my chart and trade accordingly.

However, CSCO chart is showing 2 possible trends at the same time.