I don't know it, why do you say it?
Ichimoku & certainty
- Thread starter JFirst20
- Start date
The Ichimoku Cloud indicator
https://elitetrader.com/et/threads/...st-right-here-baby.335635/page-6#post-4932961
A trader could find and keep stats on good examples of ten charts that have Ichi trades and if it looks promising, take stats on ten more, and so on in this manner.
Sooner or later you'll have a reasonable idea of the probability of the situation as possible in your hands,
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There is only one certainty. Price will go up, down, sideways, or halt. So if you can react to the situation in front of you and trade accordingly, you are going to do fine. Knowing how to trade in each situation and transition from each to each is the only certainty worth knowing.
The problem with all candlestick patterns is their relativity to their time frame. Just step back and consider how they are made. Take any pattern, and change the time frame you can make it go away or make it appear, for the most part. Patterns really really really, need to be taken with a grain of salt.
If you want to develop a good skill, be able to take a smaller time frame and, in your minds eye, see it in a larger time frame, and visa versa. Be able to see all the patterns, across all time frames from a single time frame. It is actually not that hard.
Hope that helps.
The problem with all candlestick patterns is their relativity to their time frame. Just step back and consider how they are made. Take any pattern, and change the time frame you can make it go away or make it appear, for the most part. Patterns really really really, need to be taken with a grain of salt.
If you want to develop a good skill, be able to take a smaller time frame and, in your minds eye, see it in a larger time frame, and visa versa. Be able to see all the patterns, across all time frames from a single time frame. It is actually not that hard.
Hope that helps.
