This topic contains 2 replies, has 2 voices, and was last updated by Ashish Kyal, CMT 1 month, 3 weeks ago.
- 2nd September 2020 at 4:08 pm #234903
Im using ichimoku for identifying my trading setups.
Below is my snap shot of the reliance 3 min chart im using.
There are two setups when the price crosses the cloud indicating a buy signal.
But there is difference of the one to the left and to the right, both instances cloud breakout but the later one was the one which trended, whereas the right got suspended immediately after breaking above the green cloud.
How to differentiate the two to identify that the trend continues.
one more instance of today on Bank Nifty chart also. i was once again stopped out. but luckily was able to capture the next breakout to cut down on the previous loss.
- 2nd September 2020 at 4:10 pm #234904
- 8th September 2020 at 11:14 am #235788
Ashish Kyal, CMT
Apply Ichimoku on multiple time frames, 60 mins, 30 mins, 15 mins and when everything is in sync you will get a good trending opportunity.