Hello Mrs Tokyo,
I hope things going well since the last time we talked.
I am carefully reading your "Ichimoku" posts as this less known technique seems to combine momentum and price pivots in one. It seems to me this could be one of the indicators that can at least give a trader an overall idea of the current trend and price pivots at a glance.
Best.
Hello Dr. xD
thank you for your kind word. Things are getting better, but painfully slow
When I trade FX by using Ichimoku, I have to use other indicators such as moving average, MACD etc.
however, when to trade US indices, I use only Ichimoku as US indices are more likely one-way bet while FX is not as each currency is influenced by its own cross-trading (Eur/USD is influenced by Eur/GBP, Eur/Chf, Eur/yen, Eur/AUD etc)
this Ichimoku kinko hyo is very new area to me. In Japan, all traders I know have deep knowledge of Ichimoku and they do use a lot when to trade.
I have got all technique, information from Japanese website but it is not enough. I will order some books which explain deeper (especially Ichimoku time cycle). Once I understand it, I will show them here, too
good trading and good luck