Setting up a trade using Ichimoku on ONT BTC Daily

٢٤ أغسطس ٢٠١٨

Since I learn best when going through examples, here's a trade setup using notes from this article,
forexstreet.net/profiles/blogs/trading-with-the-ichimoku

Pre-flight checklist for trading w/ Ichimoku:
1. Price versus the Kumo = bearish or bullish
2. Type of territory = bearish, normal or bullish territory
3. Tenkan Kijun (TK) Cross = bearish or bullish cross
4. TK Cross signal strength = weak, neutral or strong signal
5. Chikou Span vs Price = bearish or bullish
6. Kumo Future = bearish or bullish


TL;DR
Bullish TK Cross but:
* Market sentiment is still bearish
* Weak signal strength (below Kumo)
* Bearish Chikou, below price of 26 periods ago
* Kumo Future still bearish

Hence, no trade atm.

Thoughts? Thanks

٢٤ أغسطس ٢٠١٨

ملاحظة

Adding TrendMaster, Heikin Ashi candles and Stoch Momentum Index... still bearish.

٢٧ أغسطس ٢٠١٨

ملاحظة

Trade is on ONT ETH

٢٧ أغسطس ٢٠١٨

ملاحظة

Heikin Ashi candles + TrendMaster system giving a possible bullish signal if signal candle closes and confirms

However, still a weak signal strength on the TK Cross along with:
* Bearish Chikou
* Bearish Kumo Future

٢٩ أغسطس ٢٠١٨

تم إغلاق الصفقة يدويًا

Created another idea with ONT ETH pairing,

Signal candle just printed via TrendMaster few days ago. Will backtest the system on this one :fingers_crossed: