Trading Ichimoku

Back in March 2008 (around that time), Bush said, “US is not in recession”. And around that time, DOW had a rally in March starting from 11,800 and it goes all the way up 13,000 before it stops and reverse (in May). I remember the sentiments that many felt the economy is still healthy. From [...]

It was reported on CNBC that Darryl Guppy mentioned that DOW has a trading range of 6,000 to 10,000. To me, that is a very wide range for the short term traders. (Source : Huatopedia Forum) Let’s just do a quick glance at DOW Weekly using Ichimoku and see what we can find out:   [...]

All major indices rally yesterday. Just last week, I posted a Weekly Chart reading on DOW. In the post, Ichimoku identified 8011 as possible resistant levels. Here, I am going to show how it shows up on the Daily Chart. Firstly, noticed how the Weekly Chart resistant translate to the kumo resistant on the  Daily [...]