Hi, I'm Chris Capre, founder of 2ndSkiesForex. I'm a verified profitable trader and trading mentor. As a professional trader, I specialize in trading Price Action and the Ichimoku cloud. As a trading mentor, I have one goal: to change the way you think, trade and perform using 18 years of trading experience and cutting edge neuroscience to wire your brain for successful trading. Want to improve your trading edge and mindset? Check out my trading courses here.
For all those traders interested or currently trading Ichimoku, you will not want to miss this article.
Although I am heading out in a few hours with my girlfriend to Harbin Hot Springs, I wanted to write a brief introduction to Ichimoku Number Theory as there has been a lot of questions (and confusion) about ichimoku settings, time frames, etc.
The basis of Ichimoku as known to most is the 5 lines;
1) Tenkan Line
2) Kijun Line
3) Senkou Span A (part of the Kumo)
4) Senkou Span B (other part of the Kumo)
5) Chikou Line
Almost 95% of the commentary, traders, educators and understanding of the ichimoku kinko hyo view this as the basis of ichimoku.
This …... Keep reading