This post we will discuss about Ichimoku trading system. But we suggest the following trading system use for experienced Forex trader. Ichimoku kinko Hyo was developed by Japanese Stock analyst. I believe that the Ichimoku kinko hyo is the best forex indicator for Forex trader. Hosoda invented this Ichimoku kinko hyo which can gives you trading signals and help you to set a stop loss. If you trade within the ichimoku cloud from the bottom up then the stop loss level would be at the bottom of the ichimoku cloud. And if we trade within the ichimoku cloud from up bottom then the stop loss level would be at the top of the ichimoku cloud.
But where we have to put take profit level ? simple, we'll take profit if trading inside the ichimoku cloud indicator and outside the ichimoku cloud technical indicator. Hosoda traded with this ichimoku indicator and he got great profit with ichimoku kinko hyo indicator. Basically the exit trading signal is tenkan sen ichimoku indicator.
(Theoretically, the output signal are spread Tenkan-Sen, the reverse graph crosses the line of Chico bedrooms, opposite the intersection graph of a cloud lines of prices). It is highly recommended to trade the ichimoku kinko hyo indicator with 4 hours chart. The strongest signal can generate by ichimoku kinko hyo indicator is from senkou spen, and chico line.
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