Here is a simple video preview to identify the potential trade setups using Ichimoku Clouds to capture big moves. Identification of the signals is quiet easy game. Buy if the Candle Closes above the cloud and Sell if the candle closes below the cloud and the stop loss is the cloud itself. The same principle has been applied for Nifty starting from 2000 to 2010. Just check out the result
Related Readings and Observations
Nifty and Bank Nifty 90 min charts for 24 April 2012 Trading Nifty and Bank Nifty 90 min charts turned to sell mode today on the 90 min charts with resistance coming near 5290 and 10492 respectively.
10 Years of Historical Nifty Weekly Ichimoku Charts 10 Years of Historical Nifty Weekly Ichimoku Charts are shown. Currently on the long term i.e on weekly timeframe nifty is in sell mode and currently trading very close to the ichimoku […]
Ichimoku Cloud Charts turned to Sell Mode Nifty Ichimoku Cloud yields a sell signal in nifty after closing below the cloud value 6007. The last Buy signal since 1st September 2010 had lasted nearly 38 trading session. And now the […]
Nifty Hourly Trading for 15 Oct 2010 Nifty remains in hourly buy signal with a trailing cloud stop loss of 6127
Nifty Hourly Trading for 14 Oct 2010 Nifty's 4day of hourly sell signal in ichimoku cloud turns to buy signal during the initial first hour of the day's startup. Nifty crossed above the hourly ichimoku resistance zone and […]
Nifty hourly charts for 12th Oct 2010 Hourly Ichimoku charts of nifty maintains the sell mode for the third continuous day with hourly cloud resistance near 6159.
Wait for the Buy Signal to trade long(i.e a hourly close above 6159).
It’s no better than a statistically adjusted Moving average. Their were significant whipsaws which could have hampered any trader’s psychological make up. It’s just a little more flashy and attractive looking. Performance of it obviously won’t be that different from a Moving average.
wat is tf of dis video example ??/
Hi, I am following your website from some time now, you are doing really good work 🙂 I am trying to trade Forex Markets on Technicals any thoughts on what might work best I try to make about 10 Pips a trade ? Thanks and Regards
@Ron
I had backtested the results. Ichimoku has whipsaws but it works better than a Traditional Moving average. More over if functions as a stop loss indicator. Where as in traditional moving average it creates more noise if used as a stop loss indicator
Again requesting you (especially to Rajandran R) to clear the TIME FRAME of this video..& also provide sum video on indepth trading technique on Ichimoku ( with special emphasis on how to close the position when prices approach/fall in the clouds)
@Vikas
Time Frame parameters are 3,13,16. Will soon provide the summary video here.
Vikas, Also try to avoid SMS lanugage format its difficult for me to interrupt your message
Hi Mr.Rajandran in continuation of my previous message I trade the Euro/USD pair in Forex on 5 minutes time frame, any thoughts on what Indicator might work best if the Idea is to scalp 10 Pips ?
Thanks and Regards
Hi Rajandaran,
For eod I use Chartnexus, which now has Ichimoku indicator which I have re-set to 3,13,16 as indicated by you above.
Can you please provide some appropriate concise literature on Ichimoku (yes i know I can Google..but then there is too much of gibberish to sieve through first) which also teaches what parameter to use and when, please.
Thank You
hi,thks for ur ans
in cont …. so shld i hedge all the 1500 shares @ 5271,will i profit from it or shld i switch over to next month – which will b beneficial for me.
& how much do u thk nifty wld go to by expiry
i can even hold but since the mtm is calculated…
thanks
Can you please comment on the attached Ichimoku chart on Nifty. there is some irrational movement since May’2010…..
Thanks
Narendra
ichimoku is one of my prime indicater. and tinkensen, kijunsen cross over is more valid buy signal than any moving avarage crossover. now i am searching for exploration formula in metastock for tinkensen, kjunsen cross over
Conversion period ?
Base period ?
Span landing period ?
Span b period ?
Lagging line ?
Please help me out to setup this in chart nexus
Thanks