This wonderful method of trading currencies was created in Japan last century, some call it the "Holy Grail" of trading
The method is to be used as a whole which is made up of many parts
The lines indicate previous support and resistance areas, these are very important in the world of FOREIGN EXCHANGE (FOREX) currency trading. The recent historical actions of these areas must be identified,
They are, indeed, identified and clearly shown on the Ichimoku chart.
All of these lines have their own names and they produce their owns signals
Two of the indicator lines have a shaded area in between them that form the recognisable clouds or Kumo
There are guides for trading to BUY
There are guides for trading to SELL
These line names must be learnt
These line signals must be learnt
The stop-losses strategy must be learnt as this is most important.
When you search for a trading opportunity, you must ensure that all of the lines pictured above are in the right place. These lines act as signals, or indicators. This will give you the best chance of a successful trade.
Remember, too , that the trade may not go in your favour. You may lose your money, be careful.
THERE ARE MANY EXAMPLES OF TRADING SET UPS AND TRADING OPPORTUNITIES AVAILABLE ON THIS WEBSITE, THESE CAN BE PURCHASED FOR INSTANT INFORMATION