Now in the newer version of Ichimoku AFL code we replace the cloud with the trailing stoploss alone so that one can easily identify the current training stoploss and it helps them in better decision making. Also the Dashboard make it even better.
One of our Favorite Strategy to predict long term bull market with minimal risk is 13-13 Wilders Moving Average Channel offset trading system is applied to Nifty weekly chart and interestingly nifty has turned to buy mode(Nifty is in sell mode since Jan 2011. i.e almost more than a year). Also i would like to bring more attention our ichimoku trading system on the weekly charts as nifty had turned to buy mode last week on the weekly ichimoku charts
MCX Gold Ichimoku 90 min charts are shown with sell signal since 13th Jan 2012 with resistance coming around Rs27603 which also matches currently with 200 day MA average. Also currently MCX gold is hovering around 200day simple moving average for a long time with a falling ATR suggest range bound market for some more time with slowly moving trend.
The International Gold is nearing the major support zone ($1685 – $1695) on the Daily and Weekly weekly timeframe. On the daily charts ichimoku cloud supports are near 1685 zone and on the weekly charts ichimoku supports are near 1695 zone. Breakdown below this support zone could warn major/long term trend reversal in gold.