ICHIMOKU indicators for day trading ES MINI | Traders Hideout

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ICHIMOKU indicators for day trading ES MINI

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Reading UK
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A good way to use ichimoku is a strategy similar to the 3 ducks system. Ichi works great on anything above the 1hr so let's reference 8hr/4hr/1hr. Use whatever you wish as long as they are all in close proximity you don't want to be looking at day charts but trading off a 5 minute.
Ichi has weak neutral and strong signals. You can identify signal quality by the following:
  1. Location of tenkensen/kijunsen cross (above/below/in the cloud?)
  2. gap between tenkensen/kijunsen (expanding/contracting?)
  3. Kumo twist?
  4. Kumo flat or sloping?
  5. Cloud colour
  6. location of chikospan (don't underestimate the usefulness of this one)
  7. Relation of price to the different elements (leave it When everything is together)

This sounds like a lot but you see it instantly after a while. It really is very easy.
You want to wait for strong signals on the 8hr and 4hr charts. One of the beauties of ichimoku is that you can very easily grade the quality of your setups it's already built in.

Then you get to your 1hr and take the trades. set stops and targets according to your money management rules but try to work with the ichi structure. It shows major and minor levels very well so stop placements are straightforward.

There is more than enough info here for you to expand on in your own time. You gotta trust the system and if you are going to use it you must do so exclusively.

This is high probability trading.

Good luck.

Last edited by Grantx; July 20th, 2018 at 06:49 PM.
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