Ichimoku Kinko Hyo trading system...!

[linkon7]

10.44
things are looking bad.,. HOD is not being tested and thats a sign of trend continuation....
gap wont be filled... no retracement also. Bears have to short at current level...

 

[praveen taneja]

10.44
things are looking bad.,. HOD is not being tested and thats a sign of trend continuation....
gap wont be filled... no retracement also. Bears have to short at current level...

And humans?????????

 

[linkon7]

11.06
charts not giving any direction yet...

stoch is below 20...for 5 bars now in 10 min tf... thats a bad sign that we can see further downside

Placed buy order for 5000 put at its HOD... 118.8

 

[linkon7]

And humans?????????

Humans are the ones getting slaughtered both ways...

 

[linkon7]

img 5
it might look as if price is above cloud... but 5006-4989 still remains the band... that need to break...convincingly..for any trade....

 

[linkon7]

5000 put triggered at 119...

 

[linkon7]

discount now just 13 points... a sign of fresh buying? or shorts covering..?

 

[linkon7]

long trigger at 5007 hit...

sl 4995

 

[CamelToeJoe]

TS/KS show us a buy on the daily but looking at Ichi as a whole, we should take into account CS resistance and confirm our buy with CS above the upper trendline.

Gold futures broke the CS trendline referenced in the above post for a buy at 1222 this morning. Now trading at 1238.

HOD 1246!!! Yesss

Updated Charts
Daily

5 Minute

 

[vinst]

Hi,

Sensex Ichimoku EOD.
TS crossed above KS but today was a downbar.
CS made higher high recently.
Cloud is bearish.
Ichimoku indicators mixed up with slight bullish tilt.

Acc-dist is nearly going to peak (bullish)
eMACD (proxy of trix) is above its MA and rising (will this also whipsaw?)
Stochastics in whipsaw mode.

please comment on my reading above.