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Author Topic: How to get forex signals from Ichimoku Cloud  (Read 1458 times)

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Offline free forexTopic starter

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How to get forex signals from Ichimoku Cloud
« on: February 20, 2019, 02:37:12 AM »

How to get forex signals from Ichimoku Cloud


The Ichimoku Cloud is a comprehensive indicator designed to produce clear trading signals. Chartists can first determine the trend by using the Cloud. Once the trend is established, appropriate [color=rgb(23, 96, 147) !important]forex trading signals[/color] can be determined using the price plot, Conversion Line, and Base Line. The classic signal is to look for the Conversion Line to cross the Base Line. While this [color=rgb(23, 96, 147) !important]forex signal[/color] can be effective, it can also be rare in a strong trend. More [color=rgb(23, 96, 147) !important]forex trading signals[/color] can be found by looking for price to cross the Base Line (or even the Conversion Line).

It is important to look for signals in the direction of the bigger trend. With the Cloud offering support in an uptrend, traders should also be on alert for bullish [color=rgb(23, 96, 147) !important]forex trading signals[/color] when prices approach the Cloud on a pullback or consolidation. Conversely, in a bigger downtrend, traders should be on alert for bearish signals when prices approach the Cloud on an oversold bounce or consolidation.

The Ichimoku Cloud can also be used in conjunction with other indicators. Traders can identify the trend using the Cloud and then use classic momentum oscillators to identify overbought or oversold conditions. [color=rgb(23, 96, 147) !important]Click here[/color] for a live example using the Ichimoku Cloud.

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Offline FutureICO

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Re: How to get forex signals from Ichimoku Cloud
« Reply #1 on: April 15, 2019, 02:42:54 PM »
Frankly speaking, I really don’t trust these indicators alone. I like SAR the most but even then I like to use multiple ways to confirm that I am on right track. Although, I won’t hide that Ichimoku Cloud is considered as one of the highly reliable indicators but it’s incredibly complicated as well.

The simplest route for me is to go for Best EA robots, which not only allows me to live my life freely but also to make consistent money. And to select the best I use my expert advisor in BestEARobots, which is a wonderful site with providing best forex review.


 

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