You are viewing a single comment's thread from:

RE: Ichimoku Cloud Introduction... This Indicator Changed My Life

I trade using ichimoku system and trust me what you are saying is right. The system does actually show where the direction of trend is going, however you need to have a sound strategy in terms of what percentage are you willing to trade and the what your entry and exit points are.

This is one of the best indicators out there however the question falls back to whether you are comfortable with this or not. Some will trade Elliot or some people will still trade Fibonacci if they are comfortable with it, also some people might not be willing to leave their technical indicators due to the fact that they have spent time and experience in perfecting how they trade using the indicators.

Sort:  

In my opinion, the ichimoku is just one piece of the puzzle when it comes to trading. Theres still many other components to trading such as risk vs reward, position sizing, entries an exits, profit targets, fundamental analysis, trading psychology etc... As you stated, you still need to build a system around the indicator that you're comfortable with.

Personally I use fractals, as well as stochastic oscillators to go with that and it really furthers the probability in knowing which the direction the trend is going.