Hi guys, it had been a few months since my last chart posting. I had been busy completing my 3rd Revision of Ichimoku Kinko Hyo for Professional Charting.
Hope you guys had been great in trading and gain lots of pips. In 2 weeks, we will be looking at 2012 charts.. and by that time.. are you guys ready for a new "Tricky" Markets, and solve it with Ichimoku or just stick with the same "Don't know what the Trend is" .. for majority of you out there..?
As you can see below, i had separated 6 months of trading sessions, and from there, you can see how well Ichimoku Kinko Hyo had excelled and performed. for swing, july 2011 - dec 10 seems unstable, with large whipsaw, that happened in 6 mths. By looking at the kumo clouds, which shows the trend (Blue for Bullish, Red for Bearish) we can see how well the trend goes before july 2011.
I had broke lots of Ichimoku Kinko Hyo trading system rules by trading on just Tenkan Sen over Kijun Sen crosses, supported by Chinkou Span Crosses both TS and KS. But, i saved false movement with MULTIPLE TIMEFRAME trading system which depends on RIGHT TIMING and SYNCHRONIZED movements. Say H1 charts shows TS crossses KS from below for a bullish move, i must make sure M15 did the same, if M15 crosses back below bearish kumo, i will just have to wait for the RIGHT TIMING.
Kumo are just for my forecast of the market and to tell me what the sentiments of the market are (Bullish or Bearish), and i will soon include the Kumo Pattern Understanding in my book.
At the moment, i'm bearish, since everything is below clouds (If based on daily) . For euro to get a Strong Bullish Trend, it will have to movement at least 360 pips, barrier, with the first daily Ichimoku Resistance of 1.3545 .. Breaching this Resistance will bring EU to 1.3690.
That's all for today's folks.. safe trade, Don't over trade. Trade the margin that you are willing to lose, not the money you are afraid of losing. Bye.