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6. Ichimoku Cloud
Moving Average
5 is the prelude --- lets you know that something is about to happen.
When the white line crosses the blue line it means something is about to happen.
Example: if a BUY ---5 should be on the bottom trying to cross over 13 ready to sell. If 5
crossover 34 then time to get in pulls 13 over
MA 34 top YELLOW
MA 13 middle BLUE
MA 5 bottom WHITE
When 5 come up to cross 13 (prelude) something happens. If 5 cross 34 this is BUY period.
5 top WHITE
13 middle BLUE. --------- SELL
34 bottom YELLOW
CHECKLIST
1. Check the trend for the day
a. What’s going to be my dominant for the day (bulls or bears)?
2. Check for the trend right now
a. Hour chart
b. What MA look like… where is it
c. How strong is the market --- RSI
d. What’s the position of the 5? --- 5 prelude lets you know something is going on
e. Where am I with overbought and oversold?
f. OBV EMA 13 & OBV (eg, if both on bottom crossing up perfect position for a
BUY)
g. Stochastic is the role --- 13 is your AHHA MOMENT – if 5 crosses the 13 then
cross the 34 ---- that’s your entry point --- just crossing isn’t good enough check
the mouth of money…if never get a wide mouth, wont get a strong pull. If set up
looks good on the hour then the market is good. Do not trade if doesn’t appear.
If the OBV EMA are at the top (riding high) --- over bought.
Perfect when the OBVEMA crosses up
TRUE STEP 1**** --- true visual trend --- if you should trade
Pull up the Ichimoku
If price is inside the cloud DO NOT TRADE …. Consolidation
If see good setup in the sauce
1 hour chart if in the cloud don’t trade extremely volatile… indicators may be
right but may not hold
IN The CLOUD is a NO TRADE ZONE---NO MATTER WHAT
If price is above the cloud know it will drop back down. Price is like metal it’s a
magnet. It wants to stay close to the cloud.
If price is up above the cloud it’s a sell.
IF price is below the cloud it’s a buy
As price change the cloud will adjust itself
Support clouds are green.---- something has happened in the market.
Bust through resistant clouds are red --- price breaks through something
happened in the market and a whole lot of bought (Bullish)
As price goes up the cloud will readjust itself.
Market can’t outrun the indicators.
GO THROUGH The 5 MAJORS when YOU HUNT.