Hi Ankit, this thread has started my interest in Ichimoku once again. I knew the basics of it but never gone to the level where it I can trade it. I think my biggest fear has been the overload of a Japanese language words. Whenever I came across them, it hit me again and again.
(I have nothing against the Japanese language, but unfamiliar words make it a difficult read)
So I am downloading the DOC version of this thread and going to replace all Japanese names with more familiar words.. and re-read it.
First 2 posts have already given me many ideas to atleast go back and backtest some of the stuff for my instrument - NIFTY.
Personally, I have respect for age old trading wisdom that has originated from Japan (candlestick is live example of that) so will certainly give it a try.
Will come back to this thread later after digesting my version of this.
Keep posting more on this. Happy Trading
(I have nothing against the Japanese language, but unfamiliar words make it a difficult read)
So I am downloading the DOC version of this thread and going to replace all Japanese names with more familiar words.. and re-read it.
First 2 posts have already given me many ideas to atleast go back and backtest some of the stuff for my instrument - NIFTY.
Personally, I have respect for age old trading wisdom that has originated from Japan (candlestick is live example of that) so will certainly give it a try.
Will come back to this thread later after digesting my version of this.
Keep posting more on this. Happy Trading
As for the names, you can use the short forms and they are much simpler.
Chikou Span= CS
Tenkan Sen= TS
Kijun Sen= KS
and rest is= Kumo Cloud. (You dont have to bother about Senkou Span A and B. They are collectively known as cloud).
You dont need anything else apart from these names to trade this system.