4hour Ichimoku cloud analysis

Discussion in 'Forex Trading Systems and Strategies' started by GOR FX, Mar 27, 2013.

  1. GOR FX

    GOR FX Sergeant

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    A look at the morning's activities,

    GBP/USD- the pair has been supported by the lower edge of the cloud with the 5th candle breaking the consolidation and
    rising back to the 1.3135 resistance zone.

    eur_usd h4 support.JPG
     
  2. GOR FX

    GOR FX Sergeant

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    GBP/USD Ichimoku

    Another great one here,

    Bullish trend continuation on the Ichimoku h4 for the GBP/USD

    bullish trend continuation on the Ichimoku GBP_USD h4.PNG
     
  3. alanrox

    alanrox Corporal

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    Hi Gor,

    Ichimoku respect the levels nicely.
     
  4. GOR FX

    GOR FX Sergeant

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    A brief look at M30

    Something outside the normal H4 scope came up yesterday. With the commencement of a bearish trend, we can now begin taking trades off the lower time frames.

    So this GBP/USD trade came up yesterday as a continuation; bouncing off the lower edge of the cloud the shooting more than 100 pips to the downside.
    pound isolated trade.PNG
     
  5. willforex

    willforex Corporal

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    Wow Gor. Nice trades mate. Love the way you trading using Ichimoku :)
     
  6. GOR FX

    GOR FX Sergeant

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    Hello Will, the Ichimoku is one of the best tools I have ever used...so simple and realistic...
    Check out video's online, and learn some basic japanese and you will be a master in this special tool
     
  7. Whitesnake

    Whitesnake Corporal

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    True, ichimoku is one of the best indicators which i have come across. But i used them on larger time frame charts such H4 and higher and usually had to hold too much o drawdown for which reason i have dropped using them at the moment. GBP/USD is my favorite currency pair, so which time frame do you suggest for the best entry for an intraday trader, without having to hold too much o drawdown.
     
  8. alanrox

    alanrox Corporal

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    Any suggestions for good places ?
     
  9. GOR FX

    GOR FX Sergeant

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  10. GOR FX

    GOR FX Sergeant

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    Eur/usd h4

    In the midst of a very fundamental day, I am keeping a close eye at the EUR/USD that has touched the lower edge of the cloud as part of a price correction.
    A reversal candle close below the cloud will definitely offer a good entry for longer term short trades.

    eur_usd h4 ichimoku.PNG
     

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