What is the Ichimoku Cloud? How can it be interpreted in various aspects of trading?
The Ichimoku Kinko Hyo indicator has several components, but the most prominent of these is the shaded area of the indicator known as the Kumo or cloud.
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The Ichimoku Kinko Hyo indicator has several components, but the most prominent of these is the shaded area of the indicator known as the Kumo or cloud.
Channels can be used to create simple forex strategies that can be used by almost anyone. The strategy described in this article is a price breakout strategy, used in trading situations when price breaks out of the borders of the channels.
This is a strategy for the binary options market, which will enable traders to use price channels to trade the High-Low binary option contracts.
The strategy combines the use of an oscillator indicator and the pivot points. It is designed for use in the forex market, and it will work across various time frames.
The Fibonacci tools are very effective forex trading tools and can be used to trade a variety of market scenarios with a high degree of accuracy.
Pivot points are key areas of support and resistance which can be plotted on the charts on a daily, weekly or monthly basis. In this article, daily pivot points trading strategy will be explored.
The strategy discussed works best on the 1 hour chart and features the use of the Parabolic SAR indicator. As such, it is suitable for intraday trading, and can be used on any forex assets.
The strategy is devised with a variation of the MACD indicator, as well as two exponential moving averages. In essence, it’s a retracement trading involving simultaneous usage of all indicators.
This strategy introduced in this article utilizes the Wolfe wave patterns, which were given to the trading world by William Wolfe, a trader who traded the S&P500 index.
The strategy to be discussed today is the price break of the cloud component of the Ichimoku Kinko Hyo indicator. The Ichimoku indicator has 5 components, one of which is the “Kumo” or cloud.