Thursday, October 27, 2016

Does anybody use Ichimoku Cloud?

I read how it's supposed to work, but I don't really pay attention to it. 

If below the cloud is bearish, and above the cloud is bullish, then how does it ever get back into the cloud?

4 comments:

  1. Cloud is useful in identifying support and resistance. So if you are above it, it will act as support. Crossovers are also a vital part of the cloud. There's a free book on Amazon that breaks it down even further.

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    Replies
    1. The second bounce off a intermediate high was off the bottom of the cloud! so it worked. I have noticed that aspect of it.

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  2. Here's the book on amazon. How to Make Money Trading the Ichimoku System: Guide to Candlestick Cloud Charts....Not free but worth the 9.99 cost to understand the cloud.

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  3. pulsescan72 on Youtube calls it 'the Kumo cloud of death' because you can't trust any action inside the cloud and when it first breaks out of it.

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