10 Best Ichimoku trading Strategy ... - Forex MT4 Indicator

Day #2 of my Forex Journey

Real quick before I get into my next steps of my FX Journey, id like to say thank you to all the people who commented on my last post! All of the tips I got were really eye-opening and introduced me to different parts of FX trading that I didn't even know existed. So thank you so much, and I hope to get more interesting feedback from you guys in the future! Also Im going to probably change my writing frequency from daily to biweekly. I think writing about every little trade is not going to be as beneficial to me as writing about my overall progress at certain points throughout the week.
I started this trading day out by learning up on order flow. A whole bunch of you guys suggested really interesting youtubers to watch, and I started with Mr. pip's series on order flow. After I finished up watching a few of his videos, I started to tweak my trading plan so that I could get in some chart time. I changed currency pair from EUUSD to the AUD/USD, the time frame from the 4 hour to the 1 hour, and my indicators from RSI, Stochastic, 2 SMAs and ADX to ATR, RSI, and Ichimoku Kinko Hyo. I also added a little fundamental analysis in my trading plan because I think that I am being far too reliant on my indicators. I planned to check the economic calendar and determine the general trend of the currency pairs that are strongly correlated to the AUD/USD before I began my chart analysis. In addition to all of my analysis, I tried to practice using the techniques I learned in Mr. Pip's videos and analyze the order flow of the chart. Even if my analysis of order flow is wrong, as long as I am getting practice I am learning.
Eventhough I planned to use today to back-test indicators and find a solid new plan, I did not have enough time. I ended up getting on my demo account really late in the day, and started to force myself to enter a trade. Destructive habits like this could lead into some massive issues when I eventually get into live trading. To combat this harmful attitude specifically, I will restrict myself to trading on certain parts of the day (for example session overlaps, news releases, and earlier in the day). Despite this mistake I still continued with my trading strategy. I calculated all the currency correlations for AUS/USD using the past weeks economic data, and set my indicators in place. After checking the overall trend of the most strongly correlated pairs (Positive: EUUSD, GPB/USD, Negative: USD/CAD, USD/JPY) I started to analyze the order flow. All the correlated currencies, except for EUUSD, indicated that the AUD/USD would fall, while my order flow analysis indicated the opposite. Seeing as though I am extremely new to order flow, I dismissed this analysis, and ended up forcing a trade on the AUD/USD going short when my indicators seemed to line up correctly. I learned from last time that I should not alter or close my trade purely based on emotion, and to just wait till the market hits my stop loss or take profit. I included a trailing stop loss of 60 pips this time, but I have no evidence to base that number range on. The trade is currently open and I am down about 30 pips.
Although I am not labeling this trade as a loser yet, I can definitely see a lot of holes in my trading strategy. The most obvious mistake in my eyes right now is my use of indicators. Currently all my trades are purely based on what my indicators say, and since I do not have any back-tested data to support the credibility of my indicators, it feels a lot like strategic gambling. Another issue is that I feel far too reliant on indicators alone. I think that if I can find ways to include various types of analysis efficiently and evenly in my trading plan I will become a much more skillful and well-rounded trader. In order to combat these two issues I will begin forming various types of trading strategies this weekend and back-test them all extensively. I also plan on researching more on price action, order flow, and Naked Forex.
Once again any and all feedback is welcome. I am just beginning Forex, but it had been a huge passion of mine and I don't plan on stopping anytime soon.
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Chart Analysis

There are two types of trading strategies:
Technical Analysis
Fundamental Analysis
Chart Analysis is a part of the Technical Analysis. Chart Analysis is one kind of future prediction. Traders can identify trading opportunities in price trends on the chart. Traders try to understand to take possibility movement for trading on chart patterns. Chart Analysis is a paintbrush where traders take service for developing their trading arts. For example, traders can insert different indicators or oscillators to study on the price chart. There are many indicators and oscillators which can be inserted on the price chart. Moving Average, Bollinger Bands, Ichimoku Kinko Hyo, etc., are very popular indicators and Relative Strength Index [RSI], Moving Average Convergence and Divergence [MACD], Momentum, etc., are very common oscillators.
We can tell easily traders may make choices based exclusively on the price charts of safety and comparable statistics, but involved equity analysts rarely limit their research to fundamental or technical analysis alone.
FX Magician
#TechnicalAnalysis #ForexTrade #OptionTrade #BestBroker #ForexSignal
submitted by SahinRasel6472 to u/SahinRasel6472 [link] [comments]

Chart Analysis

Chart Analysis
There are two types of trading strategies:
Technical Analysis
Fundamental Analysis
Chart Analysis is a part of the Technical Analysis. Chart Analysis is one kind of future prediction. Traders can identify trading opportunities in price trends on the chart. Traders try to understand to take possibility movement for trading on chart patterns. Chart Analysis is a paintbrush where traders take service for developing their trading arts. For example, traders can insert different indicators or oscillators to study on the price chart. There are many indicators and oscillators which can be inserted on the price chart. Moving Average, Bollinger Bands, Ichimoku Kinko Hyo, etc., are very popular indicators and Relative Strength Index [RSI], Moving Average Convergence and Divergence [MACD], Momentum, etc., are very common oscillators.
We can tell easily traders may make choices based exclusively on the price charts of safety and comparable statistics, but involved equity analysts rarely limit their research to fundamental or technical analysis alone.
FX Magician
#TechnicalAnalysis #ForexTrade #OptionTrade #BestBroker #ForexSignal
http://fxmagician.com
#technical analysis #forex trade #option trade #best broker #forex signal
submitted by shofikul_islam to u/shofikul_islam [link] [comments]

Chart Analysis


There are two types of trading strategies:
Technical Analysis
Fundamental Analysis
Chart Analysis is a part of the Technical Analysis. Chart Analysis is one kind of future prediction. Traders can identify trading opportunities in price trends on the chart. Traders try to understand to take possibility movement for trading on chart patterns. Chart Analysis is a paintbrush where traders take service for developing their trading arts. For example, traders can insert different indicators or oscillators to study on the price chart. There are many indicators and oscillators which can be inserted on the price chart. Moving Average, Bollinger Bands, Ichimoku Kinko Hyo, etc., are very popular indicators and Relative Strength Index [RSI], Moving Average Convergence and Divergence [MACD], Momentum, etc., are very common oscillators.
We can tell easily traders may make choices based exclusively on the price charts of safety and comparable statistics, but involved equity analysts rarely limit their research to fundamental or technical analysis alone.
FX Magician
#TechnicalAnalysis #ForexTrade #OptionTrade #BestBroker #ForexSignal
submitted by SahinRasel6472 to u/SahinRasel6472 [link] [comments]

Chart Analysis

Chart Analysis
There are two types of trading strategies:
Technical Analysis
Fundamental Analysis
Chart Analysis is a part of the Technical Analysis. Chart Analysis is one kind of future prediction. Traders can identify trading opportunities in price trends on the chart. Traders try to understand to take possibility movement for trading on chart patterns. Chart Analysis is a paintbrush where traders take service for developing their trading arts. For example, traders can insert different indicators or oscillators to study on the price chart. There are many indicators and oscillators which can be inserted on the price chart. Moving Average, Bollinger Bands, Ichimoku Kinko Hyo, etc., are very popular indicators and Relative Strength Index [RSI], Moving Average Convergence and Divergence [MACD], Momentum, etc., are very common oscillators.
We can tell easily traders may make choices based exclusively on the price charts of safety and comparable statistics, but involved equity analysts rarely limit their research to fundamental or technical analysis alone.
FX Magician
#TechnicalAnalysis #ForexTrade #OptionTrade #BestBroker #ForexSignal
http://fxmagician.com
#technical analysis #forex trade #option trade #best broker #forex signal
submitted by shofikul_islam to u/shofikul_islam [link] [comments]

The Complete Ichimoku Course - From Beginner To Advanced

The Complete Ichimoku Course - From Beginner To Advanced Hello Guys, In this video I want to introduce you to the main system / Indicator that I use for trading which gives me the most consistent profits and reliability. The Indicator or system that I use is called ‘Ichimoku’. Full title is 'Ichimoku Kinko Hyo'. And was invented by a Japanese trader called Goichi Hosoda (細田悟一 Hosoda Goichi), a Japanese trader / journalist who used to be known as Ichimoku Sanjin, which can be translated as "what a man in the mountain sees". Ichimoku translates into He spent 30 years perfecting the technique before releasing his findings to the general public in the late 1960s. Ichimoku Kinko Hyo in Japanese translates to 'one glance equilibrium chart' or 'instant look at the balance chart' and is sometimes referred to as "one glance cloud chart" based on the unique "clouds" that feature in ichimoku charting, reffered to as the Kumo Clouds. Hosada's Ichimoku system incorporates some very useful and effective trading signals, which consist of the following. We have the chikou crossing through price, that's the first signal, we have a tenkensen bounce and break, we have a kijunsen bounce and break, there’s the kumo cloud bounce and breakout, and the tenkensen and kijunsen cross, which is normally abbreviated to the TK cross. This complete charting and trend indicator forms a very powerful, and useful aid in our trading, and, to be used to it’s full potential, all these elements need to be used, and studied in conjunction with each other. As you can see if you’ve never come across this system before it can be very intimidating and complex, however fear not - If you are interested in learning about this complete system or are simply just struggling with your own trading - if you visit my website you can sign up for my complete ichimoku trading strategies course and become a member. In this course I cover the ichimoku system from beginner to advanced, in fine detail and talk about how I trade, and how I have been profitable consistently for the last 20 years, using ichimoku as my main Indicator. I also talk about money management, price action, when to trade and when not to trade, and my preferred forex pairs for trading. I also cover support and resistance, divergence, moving averages along with profit targets, stops and even the psychology of trading. So if you would like to learn about this ichimoku system, visit my website which is tradingtoprofit.com and sign up for the course which is over 6.5 hours long and split into various sections for you to learn at your own pace and accessible anytime at a later date to refresh your knowledge. I’ll put a link under the description of this video to my website. Also if you would like to keep watching my videos please subscribe, comment or like. Thank you for watching this video and I hope to see you in the course soon. Take care and good luck in your trading.
https://youtu.be/sttcW5PB9rQ
submitted by Dr_Trader to StockMarket [link] [comments]

Ichimoku SecretsHow to Use Ichimoku Kinko Hyo in Forex ... How to Use Ichimoku Kinko Hyo in ForexBest Ichimoku ... 5 Min Trading Strategy: Ichimoku Kinko Hyo - YouTube Learn Forex - Ichimoku Kinko Hyo Advanced Ichimoku Trading Strategy for Forex Trading ... Trading Cycles: Ichimoku Kinko Hyo How To Trade The Ichimoku Kinko Hyo - YouTube Ichimoku Indicator Strategies for forex Trading. Ichimoku ... Ichimoku Strategy - Break It Down - YouTube Best Forex Scalping strategy - Hit&Run with Ichimoku ...

Forex Ichimoku Kinko Hyo in Zusammenfassung Das Ichimoku Handelssystem ist ein fortgeschrittener Indikator , welcher mehr Informationen als ein durchschnittliches technisches Analysetool offenbart. Mit etwas Übung können Sie die Daten auf einen Blick erfassen und sollten in der Lage sein, Handelsentscheidungen mit der Unterstützung dieser Daten zu treffen. Ichimoku Kinko Hyo Strategy The Ichimoku trading system as illustrated above is a very simple trading system that can keep you on the right side of the markets and is a trend following system. However, to the downside, traders need to be very patient for the right set ups to form ( which is one of the reasons there are many subsystems developed off this classic Ichimoku trading system ). The Ichimoku Kinko Hyo, or Ichimoku for short, is a technical indicator system used to assess the markets. Discovered by Goichi Hosoda, the Ichimoku Kinko Hyo indicator is a complex-looking indicator which is actually very easy to use, once you have an understanding of all parts and components of the indicator . Wie funktioniert der Ichimoku Kinko Hyo Wolen Indikator? Erklärung & Definition 2020 Anleitung zum Handel Jetzt lesen 121# Ichimoku Kinko Hyo Forex Strategy. Ichimoku Kinko Hyo Forex Strategy. Submit by MavenTrader 18/02/2012 The Ichimoku kinko Hyo indicator is designed of five lines called the tenkan-sen, kijun-sen, senkou span A, senkou span B and chickou span plus an area called kumo, it is the space between Senkou Span A and Senkou Span B. Ichimoku Kinko Hyo technical indicator is one of very powerful ... Ichimoku Kinko Hyo trading strategy. Consider the components of Ichimoku in more detail. Cloud – trend confirmation. The trading system can be based on a cloud created by Senkou Span lines. The cloud illustrates the current trend on the chart. When the price (candle) enters (penetrates) the cloud below, you can look for the possibility of opening a long (buy) transaction. If the price ... The Ichimoku indicator was designed and originated by Ichimoku Kinkou Hyo in Japan. This trading system was launched in 1969 also the Ichimoku trading system stood the test of that time. However, the name Ichimoku itself provides a complete description of the system, let’s take a look: Ichimoku means one look, Kinkou describe Balance, while Hyo means Chart; The Ichimoku trading system is the ... ichimoku kinko hyo forex strategy. Scalping forex strategy. free expert advisor forex strategy. Please reload. ABOUT US. THEFOREXKINGS “Trading FOREX since 2006. Full time trader and web developer since 2013. My two biggest hobbies are trading and web development. In TheForexKings I managed to connect both of them. Even after 12 years of trading I still have the same passion for the market ... Ichimoku Kinko-hyo: Würde man danach fragen, welche Indikatoren beim CFD-Trading oder beim Handel allgemein am häufigsten angewendet werden, wäre die Antwort wahrscheinlich deutlich. Stochastik, MACD, RSI, ATR oder vielleicht noch die Bollinger Bänder und Fibonacci Retracements stünden wohl ganz oben. Aber nur wenige nutzen den Ichimoku beim Trading.

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Ichimoku SecretsHow to Use Ichimoku Kinko Hyo in Forex ...

How to Use Ichimoku Kinko Hyo in ForexBest Ichimoku Strategy for Quick Profits 100% Welcome Friends to 's Biggest Technical Analysis Youtube Channel Our Dre... This part of the project is the most important one for trading binary options as it deals with the Ichimoku Kinko Hyo indicator applied for the binary option... Ichimoku Kinko Hyo Part 2: Time Theory on Kijun sen, Tenkan sen - Duration: 21:01. ... Best FX Trading Strategies (THE Top Strategy for Forex Trading) - Duration: 32:00. No Nonsense Forex ... Lot of Ichimoku Trading Strategies exist, but might it be a better idea to dig deeper and see if there are any pieces within the system itself we can extract... ICmarkets - Best broker for Scalping: https://icmarkets.com/?camp=17903 Join Premium XtremeTrader signals today! contact Angela on telegram on: https://t.me/... Ichimoku Indicator Strategies for forex Trading. Ichimoku Kinko Hyo The Ichimoku Cloud, also known as Ichimoku Kinko Hyo, is a versatile indicator that defin... Ichimoku SecretsHow to Use Ichimoku Kinko Hyo in Forex Trading Strategies ichimoku,ichimoku kinko hyo,ichimoku cloud,learn ichimoku,learn ichimoku kinko hyo... Learn what is Ichimoku Kinko Hyo and how to use this indicator in your trading. For more forex education check https://www.youtube.com/ukspreadbetting Follow... Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube. Advanced Ichimoku Kinko Hyo Trading Strategy for Forex Trading (Advanced-Beginner) Brought to you by Forex Lens - Your Eye into the Markets! Subscribe to our...

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