Ichimoku Cloud Introduction... This Indicator Changed My Life

in cryptocurrency •  7 years ago 

The Ichimoku Cloud is by far the most accurate and profitable trading indicator I’ve come across. The Ichimoku Cloud has taken me from a struggling trader that blew up 5 accounts. To a trader thats been consistently profitable over the past 4 years. Ichimoku will help establish which direction the market is moving, an allow you to stay in trades longer to capture more profit.

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Decred, Cardano and Substratum , what about yourself?

I trade using ichimoku system and trust me what you are saying is right. The system does actually show where the direction of trend is going, however you need to have a sound strategy in terms of what percentage are you willing to trade and the what your entry and exit points are.

This is one of the best indicators out there however the question falls back to whether you are comfortable with this or not. Some will trade Elliot or some people will still trade Fibonacci if they are comfortable with it, also some people might not be willing to leave their technical indicators due to the fact that they have spent time and experience in perfecting how they trade using the indicators.

In my opinion, the ichimoku is just one piece of the puzzle when it comes to trading. Theres still many other components to trading such as risk vs reward, position sizing, entries an exits, profit targets, fundamental analysis, trading psychology etc... As you stated, you still need to build a system around the indicator that you're comfortable with.

Personally I use fractals, as well as stochastic oscillators to go with that and it really furthers the probability in knowing which the direction the trend is going.

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