Complete Ichimoku Strategy Explained with 150 Examples Cloud Kinko Hyo Kijun Sen Tenkan Sen

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⭐ RECOMMENDED PROP FIRMS⭐ • ✔️Blue Guardian: https://bit.ly/3Z38vO8 • ✔️Traders with Edge: https://bit.ly/3STGFCN • Trading Charting Software: https://bit.ly/3I6oVi5 • Ichimoku trading strategies have become increasingly popular among forex traders in recent years, thanks to their ability to identify trends and support and resistance levels. At the heart of the Ichimoku trading system is the Ichimoku Kinko Hyo, a set of technical indicators that provide a comprehensive view of the market. One of the key components of the Ichimoku system is the Ichimoku cloud, also known as the Kumo, which provides a visual representation of support and resistance levels. • The Ichimoku cloud trading strategy is a popular method for trading forex, and it involves using the cloud to identify potential entry and exit points. The cloud is formed by two lines, the Senkou Span A and Senkou Span B, which are plotted ahead of the current price. The space between these lines creates the cloud, and its thickness represents the degree of support and resistance. • The Ichimoku cloud explained • The Ichimoku cloud is an essential component of the Ichimoku Kinko Hyo, and it is formed by plotting two lines ahead of the current price. The Senkou Span A is calculated as the average of the Tenkan-sen and Kijun-sen plotted 26 periods ahead, while the Senkou Span B is calculated as the average of the highest high and lowest low over the past 52 periods plotted 26 periods ahead. The space between these lines creates the cloud, and its thickness represents the degree of support and resistance. • Ichimoku scalping strategy • The Ichimoku scalping strategy is a popular method for trading forex on shorter timeframes, and it involves using the Tenkan-sen and Kijun-sen lines to identify potential entry and exit points. The Tenkan-sen is calculated as the average of the highest high and lowest low over the past nine periods, while the Kijun-sen is calculated as the average of the highest high and lowest low over the past 26 periods. When the Tenkan-sen crosses above the Kijun-sen, it is considered to be a bullish signal, and when it crosses below, it is considered to be bearish. • Support and resistance trading strategy • The Ichimoku trading system can also be used to identify potential support and resistance levels in the market. The Senkou Span A and Senkou Span B lines of the Ichimoku cloud can be used to identify potential areas of support and resistance, while the Chikou Span, which represents the current price plotted 26 periods behind, can be used to confirm these levels. • Forex trading for beginners • For those new to forex trading, the Ichimoku trading system may seem overwhelming at first. However, with practice and a solid understanding of the different components of the system, it can be a powerful tool for identifying trading opportunities. It is important to note that like any other trading system, the Ichimoku system is not foolproof, and traders should always use risk management strategies and incorporate other technical and fundamental analysis tools to make informed trading decisions. • In conclusion, the Ichimoku trading system offers a comprehensive view of the market and can be used in a variety of trading strategies, including scalping and support and resistance trading. Traders should take the time to understand the different components of the system, including the Tenkan-sen, Kijun-sen, Chikou Span, and the Ichimoku cloud, and practice using them in different market conditions. With dedication and practice, the Ichimoku system can be a valuable addition to any forex trader's arsenal.

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