Summary and conclusion:
In this second part of Candlestick and Ichimoku Kinko Hyo analysis, we
further discussed the two analysis methods with several more bullish and
bearish reversal candlestick patterns, plus introducing some continuation
candlestick patterns. In the part of Ichimoku Kinko Hyo analysis, we introduced
the use of the Chikou Span and several more Ichimoku trading signals (in
addition to Tenkan-Sen / Kijun-Sen cross signal) which we consider quite
reliable trending signal and can be applied to different time frames.
Finally we talked about the most important component of the Ichimoku Kinko
Hyo analysis, the Kumo, also known as the cloud, in more details, covering the
Kumo sentiment, flat top / bottom Kumo and how to trade with the Kumo.
We believe the Ichimoku Kinko Hyo is a very power technical analysis tool in day
to day trading activities, however, as this is basically a trending analysis, it has a
slight disadvantage when it comes to the market turning points, signals will
normally kick in a bit late when comparing to other technical analysis methods,
e.g. Elliott Wave Theory, MACD, RSI. This is the reason why we prefer to use
Ichimoku together with Candlestick charting as all the reversal patterns in
Candlestick analysis are the keys to fill in the missing puzzles in Ichimoku
We hope to hear your feedback on how you like or dislike and
what other topics you find them interesting and would like to know more,
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I get used to trade forex by using candlesticks in my property setting. I also combine this candle with some indicators like Parabolicsar, SMA 10 and SMA 15, CCI, RSI 14. When they are confirmed each other I open my position buy or sell. In my experience Parabolicsar, SMA 10 and SMA 15 generally confirmed first between them, and they are in a direction. If they Parsar ans SMA has confirmed I open position buy or sell and till now I feel satisfied.
Candlestick trading strategy is the most relevant trading straggly with market flow rate! That’s way, I mainly use Candlestick strategy in my live trading account, and on the other hand I need to work with 2 more default trading strategy for purifying my entry point! But during high voltage news session I like to utilize my fundamental knowledge, thus I handle my live trading account!
candlesticks and ichimoku when combined together will make an effective strategy that will help the trader for find of good and strong signals and at the same time the trader will get good confirmation for the trader by following of the trend and finding of good entry positions and so the trader will get good results and will be happy with results he will get because he will trade correctly and will and will know when to enter the market and when to exit and so he will get great experience and will become professional and will find trading is easy and making of money from forex is not hard and so he will survive for long time and will make consistent profits and will not lose much money and so he will each his goal and may change his life with money he will get from forex.
Once upon a time I used this strategy. But that was a long time ago. Now I am already trading without indicators.