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Originally Posted by jorgeng
I have beginning trading with ichimoku.
The simple way to follow is the cross, and act buy sell of that.
The problems comes when the price isn't going stright up or down, or like today, down quick. When shall we close position, when the price comes in to the cloud?
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hi this is a other way of using the ichimoku kinko hyo indicator on 30 min. with parameters Tenkan=7 Kijun =22 and senkou span b =44. Make Tenkan,kijun and chinko lines the same color as your back ground. Only use the cloud. you enter on the firts candle that opened above or under the cloud. above for buy and under for sell. Also use the following indicators as filters----Moving average 30 and 50 and 100. linear weighted on close. Parabolic Step 0.0145 and Max on 0.07 . enter a buy on first candle that opened above the cloud and candle must be above the 3 moving av. the parabolic must be under the candle . sell just the opposite. use own exit. this signal is good for most of the time for 15 to 20 pips
the chinko span is the current price moved backwards the amount of candles the same value as the kijun sen. (if kijunsen value 22 then chinkou line will be the current chart price 22 candle back) if chinkou is under candle nr 22 and move from under it to above the candle a buy signal is given opposite for sell.
hope this helps