Thread: Ichimoku
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Old 10-25-2005, 09:20 PM
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We said above that if Chinkou Span line is crossing the price curve from down to upward we have the signal to buy, and from up to down - signal to sell. But this Chinkou Span line should cross the line not in horizontal way. It should be at angle (45 or above is the ideal crossing).

Besides we mentioned about Tenkan-sen line is crossing Kijun-sen lines crossing: Tenkan-sen is crossing Kijun-sen from down to up - signal to buy (Gold Cross), sell signal is called as Dead Cross.

If the price curve crossed the Senkou Span B line (price candle should be closed before the line) we may open the order on the direction of the trend. But only in the case if Tenkan-sen line is not on horizontal level.

If Tenkan-sen line is on horizontal level - we have afloat market. We are not trading in this case.

And if we have Tenkan-sen, Kijun-sen and Senkou Span B lines are going in horizontal way above each other - it is reversed point. It means the price will change the direction soon.

If the price is inside the cloud together with horizontal Tenkan-sen - afloat market. Most of us will not trade in this case but some people are trying to trade inside the cloude understanding the cloud as the channel. It is possible only if the channel (cloud) is big enough.

Last edited by newdigital; 10-25-2005 at 09:31 PM.
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