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1-hour Ichimoku support levels


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#1 Tokyo

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Posted 12 February 2007 - 11:24 AM

S&P500 (cash)
until end of this hour, the cloud bottom is at 1433.58
the bottom will move higher at 1435.72 by today's close

Posted Image

Dow jones (cash)
until end of this hour, the cloud bottom is at 12557.8
the bottom will move higher at 12581 by today's close

Posted Image

Edited by Tokyo, 12 February 2007 - 11:29 AM.


#2 mdwllc

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Posted 12 February 2007 - 11:41 AM

I am trying to learn about your Ichimoku technique; but my eyes aren't as good as they used to be...is there any way you can make your charts a little larger in size? Thanks MDW :)
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Be Sure to Perform Your Own Due Diligence

#3 esther231

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Posted 12 February 2007 - 12:03 PM

MDW, just click on the charts.
When I see an adult on a bicycle, I no longer despair for the future of the human race. ~H.G. Wells

#4 Tokyo

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Posted 12 February 2007 - 12:05 PM

I am trying to learn about your Ichimoku technique; but my eyes aren't as good as they used to be...is there any way you can make your charts a little larger in size? Thanks MDW :)


Hello MDW

same here... getting old... :(
I would love to make it bigger but I do not know how ;)

let me try to apply the different size
give me 5 mins

#5 TTHQ Staff

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Posted 12 February 2007 - 12:32 PM

In the post is a thumbnail image. Just click on the small image to make a larger chart appear in a new window. :P

#6 Tokyo

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Posted 12 February 2007 - 12:39 PM

is this better?
Tried several ways to use the bigger font for the scale, however, I could not find out how to do that.

Posted Image

#7 eminimee

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Posted 12 February 2007 - 12:54 PM

That's much better...clicking on the chart gets me to a great ad for sexy college girls too.

#8 mdwllc

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Posted 12 February 2007 - 12:57 PM

That's much better...clicking on the chart gets me to a great ad for sexy college girls too.





Well, I didn't want to mention that due to all the other problem's that the site is having...MDW :)
Lead, Follow or Get Out of the Way...

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#9 Tokyo

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Posted 12 February 2007 - 01:05 PM

That's much better...clicking on the chart gets me to a great ad for sexy college girls too.


:blush:
yes

and the fart button as well
:huh:

#10 Tokyo

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Posted 12 February 2007 - 01:47 PM

Dow Jones (cash) did penetrate below the cloud bottom this hour.

I added the Chiko line. The current Chiko line is indicated in light green. I added the future possible movement in pink line.

if the Chiko line is supported at the bottom of the cloud 12549.3, there will be a good possibility that Dow Jones will go higher.
if the Chiko line penetrates below the bottom of the cloud 12549.3 by today's close, there will be a good possibility that Dow Jones will go lower tomorrow.


Chinkou sen (line) displays the lagging price (the closing price of the current candle) 26 periods ago


Posted Image

because the candle came below the cloud, the resistance (the bottom of the cloud) this hour will be at 12572.9, then until today's close at 12581

if the price can move back into the cloud (= the closing price of this hour is higher than 12572.9), the Tenkan Line (light blue) will work as the resistance at 12585.7


oh... I am sure people got confursed more than anything. :unsure:


In simple English

if this hour's close is

higher than 12572.9, there will be the resistance at 12581 (cloud bottom) and 12585.7 (Tenkan line in light blue)

lower than 12572.9, the risk will be that the price could go as low as 12549.3.

if the price goes below 12549.3, the weekly Tenkan line and the daily Kijun line are both at 12518.9, then the 4h cloud top is at 12508.7