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