Wave Strategy Home Forums Trader’s Forum Ichimoku trade setup

This topic contains 2 replies, has 2 voices, and was last updated by Profile photo ofashishkyal Ashish Kyal, CMT 1 month, 3 weeks ago.

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  • #234903 Reply

    ramesh
    Participant

    Dear Ashish,

     

    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.

    Thanks.

     

     

     

  • #234904 Reply

    ramesh
    Participant

  • #235788 Reply
    Profile photo ofashishkyal
    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.

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