Ichimoku Cloud Time Travelling: Travelling Through Clouds for Profits! by Akira Takahashi

Author:Akira Takahashi [Takahashi, Akira]
Language: eng
Format: azw3
Publisher: UNKNOWN
Published: 2016-11-02T16:00:00+00:00

But before we move forward we need to look at what higher time frame analysis is and why this is important for us Ichimoku Kinko Hiyo trend traders.

Higher time frame analysis is a method of trading looking at different timeframes to gauge a better vantage point of executing a more probable and profitable trade. In other words our time machine, Ichimoku Cloud, on the higher time frame, or Daily chart, defines the trend and where price action is for us to time travel to the hourly or 15 minute time framed charts to enter trades based off of this information.

Because Ichimoku Kinko Hiyo is a refined Delorean we are able to maximize entry signals and exploit the market with a few glances. Time travelling through Forex pairs requires you to know when a trend is a trend and when a consolidation is a consolidation. Thankfully Goichi Hosada invented the greatest technical indicator to tell us these market conditions.

What we as Ichimoku traders want to see on the Daily time frame is whether price is above or below the kumo. Once this easy fact is established we look to the hourly or 15 minute charts for kumo breakouts and strong Tenkan/Kijun crossovers. It’s that simple.

So here are the rules for Kumo Breakouts.

Kumo Breakouts

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