Ichimoku Health Check-Up

15 Agu 2017

Since having such a healthy up trend, Monday and Tuesday hitting both Ichimoku Wave targets (900+ pips). We are starting to see a break down in price structure from a 'Ichimoku wave' stand point (my opinion).

Above Isn't a trade set-up but a health check I like to do each day before trading, to see how I may trade for the day (this can change at anytime). I haven't shared these before but I'm trying to embrace the Tradingview Community which has been good to me and hopefully you can take some information for your own trading style ;)

15 Agu 2017

Catatan

15 Agu 2017

Catatan

On the 1Hr Time Frame (where I trade) we are starting to see a Ichimoku wave (N wave structure) break down.

Also momentum decreasing from Kijun and Tenkan. Chikou is now starting to chase price which is a sign of price starting to range with Bull and Bears fighting for dominance.

So what our next step?

15 Agu 2017

Catatan

15 Agu 2017

Catatan

The Ichimoku 'P' Wave, I have been playing around with this Wave for sometime and it's still (for me) in a experimental phase and there's not much translated information out there on it so I've had to do my own testing.

The Theory is as price is contracting back and forth in a certain area after a strong rally it creates a 'P' wave. The size of the 'P' wave can vary however the way I do my analysis is I see where price is dancing the most (top half or bottom half) and take the analysis from this.

As you can see price is dancing in the bottom half which for me signals a possible reversal in trend down.

This doesn't mean the price won't hit one of the last Ichimoku lines and bounce but you should be looking for bearish entries over bullish (if you wanted to trade).

I usually stay away until I get further confirmation but if you have a trading strategy that this information will help go for it ;)

Any Questions are welcomed. Good Luck today traders ;)