Setup. Install 2 MTF with 2 timeframe that I indicated ( Example with h1/h4) I trade when price enter the "space" between both clouds. In example orange is long and green short. S/L is outside the cloud on opposite direction and TP when price comes to next cloud. Example long is: Initial trade. Enter long on 1.36669. The Ichimoku Cloud, also known as Ichimoku Kinko Hyo, is a multi-functional tool that provides various insights into market dynamics. It helps in identifying levels of support and resistance, figuring out the direction of the market trend, measuring momentum, and producing trading signals. The Ichimoku Kinko Hyo, or Ichimoku for short, is a technical indicator that is used to gauge momentum along with future areas of support and resistance. The all-in-one technical indicator is comprised of five lines called the tenkan-sen, kijun-sen, senkou span A, senkou span B and chikou span. Ichimoku Kinko Hyo, or Ichimoku, is a technical analysis indicator consisting of five lines: the tenkan-sen, kijun-sen, senkou span A, senkou span B and chikou span. It was created by the Japanese journalist Goichi Hosoda in the late 1960s. ANSWER: Ichimoku Kinko Hyo or how I call it, Mr. Ichimoku, works best for visual traders. Just like any other indicator, the signals you get on charts with different time period are different. So if you are adding Mr. Ichimoku on your 30-minute chart, you are likely to get a different signal than what you will get on a daily chart. Ichimoku Charts. Harjit Gujar. The book has been written for existing users of candlestick charts who want to extend their knowledge and techniques to include Ichimoku Cloud charts. As such, some knowledge of technical analysis is assumed, especially a knowledge of candlesticks (although a brief primer on candlesticks is also included in the .

what is ichimoku kinko hyo