Thanks for the updated chart. I've been browsing through the ASX...

  1. 1,227 Posts.
    lightbulb Created with Sketch. 1697
    Thanks for the updated chart. I've been browsing through the ASX CFD's that are available on 5% to 15% margin to see how well in general Ichimoku can be used to filter out what my current indicators would identify as good trades but turn out to be bad trades. I have to say that it does a pretty good job at identifying the current trend and filtering out what would be bad trades. So I would have to say that I'm just about hooked on Ichimoku.

    I was wondering if you pay much attention to the other Ichi lines, in particular the Kijun-sen? Would you take a trade where the Close was between the Kumo Cloud and the Kijun-Sen? It seems to me that the best trade condition for a long trade for example would be for the Close to be above the Kumo Cloud and also above the Kijun-sen, and visa versa for a short trade.

    Do you use a trailing stop at all? It seems like the Tenkan-sen could be used as a trailing stop.

    Have you or do you used profit stops at all?

    I hope you don't mind me asking all these questions mistyrains!
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.