As EJ already making a new higher high, we are now looking for higher low before we preparing ourselves to take a new trade. EJ may want to test 61.8% fibo.
Trade idea:
No trade until we see the formation of higher low. As EJ is above kumo then we only want to take long trade. We want to see EJ break tenkan sen then we ready to take a trade.
Let's see the next move.
Ichimoku Kinko Hyo is a purpose-built trend trading charting system that has been successfully used in nearly every tradeable market. It is unique in many ways, but its primary strength is its use of multiple data points to give the trader a deeper, more comprehensive view into price action. This deeper view, and the fact that Ichimoku is a very visual system, enables the trader to quickly discern and filter "at a glance" the low-probability trading setups from those of higher probability.
Monday, 24 September 2012
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