This is my second article for ichimoku indicator and I am sharing more information on this system. In our previous article we have seen that how crossover are traded, now traders don't just trade those crossovers between slow and fast lines (Tenkan-sen and Kijun-sen). Another element for taking correct trade is to look at the cloud (known as Kumo), for taking long position in nifty future we will ... [Continue Reading]
Trade Nifty future and stocks using Ichimoku indicator – Part 1
Ichimoku (Full name Ichimoku kinko hyo) is an all rounder indicator, it is mostly seen on screen of Japanese trader. But now this trading system (indicator) is very popular in every part of world. OK, now let me explain the elements of this indicator: Tenkan-sen (Fast moving average, by default 9 period) Kijun-sen (Slow moving average, default 29 period) Kumo (Known as cloud in ... [Continue Reading]