Greetings from Egypt
Here is my free e-book ( Ichimoku Winners ) .
I have published it in November 21, 2012 on my blog. You will know how to read the market with Ichimoku Kinkō Hyō indicator which is the best on your MetaTrader.
You can use it alone , can mix it with price action trading or use it with trend lines to take perfect signals from it.
I have written the e-book in an easy and simple way to be understandable for all. Also there are lots of pictures to be more easy for you. So , your English shouldn't be perfect to understand the e-book.
on Ichimoku Winners e-book
Also you : Will know how to use Chinko Span.
Will know how to use kijun sen.
Will know how to use tenkan sen.
Read the e-book directly from here:
Download from a direct link from here :
that will be more helpful to understand the indicator easily.
Best wishes for all ^_^
Clear Picture for the chart !
what will you do if the price goes against the Ichimoku signal ?
Ichimoku isn't a holy grail and you will meet such these situations while trading .
But the most important thing , when must you close your trade even with losses , and when must you be patient to recover the losses and close your trade with some green pips.On that picture , Ichimoku gave us a strong signal to short and we already sold USD/CHF , but the price went against our trade and went up about 50 pips. Also there is a candle closed above kijun-sen and it's a signal from kijun-sen to close now.
We talked in Ichimoku Winners ebook about many ways to close our trades and that was one of them.
We talked also about another ways to close our trades.
Closed right now. Pin par on H1 time frame and have to close.
Click here for a crear picture
UP trend on the Daily and Weekly charts.
We can catch some pips from corrections one H4 and H1 time frames.
Bought after crossing the clouds.
Important Support Zone
Massive movement after opening the market.
Up trend is already started. Important trend line is already broken.
Click on the picture to see it clear !
GBP/CHF already broke an important trend line and near to break the Kumo completely.
Looking for breaking 23.6 fibo line passing to 23.4 to start UP trend.
H4 time frame
Important zone for EUR