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    #5) IchimokuTradingSystem

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    rezakaihani
    The document outlines an Ichimoku trading system using three lines - Tenkan Sen (gold), Kijun Sen (red), and Chikou Span (purple) - to determine entry and exit signals on 15-minute or higher forex charts. It describes taking short positions when Tenkan Sen is below Kijun Sen, Chikou Span is below price, and price is below the cloud, and long positions for the opposite signals, with Chikou Span used to determine stop loss and take profit levels. An example chart is included to demonstrate the system in action.

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    #5) IchimokuTradingSystem

    Uploaded by

    rezakaihani
    135 views3 pages
    The document outlines an Ichimoku trading system using three lines - Tenkan Sen (gold), Kijun Sen (red), and Chikou Span (purple) - to determine entry and exit signals on 15-minute or higher forex charts. It describes taking short positions when Tenkan Sen is below Kijun Sen, Chikou Span is below price, and price is below the cloud, and long positions for the opposite signals, with Chikou Span used to determine stop loss and take profit levels. An example chart is included to demonstrate the system in action.

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    The document outlines an Ichimoku trading system using three lines - Tenkan Sen (gold), Kijun Sen (red), and Chikou Span (purple) - to determine entry and exit signals on 15-minute or higher forex charts. It describes taking short positions when Tenkan Sen is below Kijun Sen, Chikou Span is below price, and price is below the cloud, and long positions for the opposite signals, with Chikou Span used to determine stop loss and take profit levels. An example chart is included to demonstrate the system in action.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    135 views3 pages

    #5) IchimokuTradingSystem

    Uploaded by

    rezakaihani
    The document outlines an Ichimoku trading system using three lines - Tenkan Sen (gold), Kijun Sen (red), and Chikou Span (purple) - to determine entry and exit signals on 15-minute or higher forex charts. It describes taking short positions when Tenkan Sen is below Kijun Sen, Chikou Span is below price, and price is below the cloud, and long positions for the opposite signals, with Chikou Span used to determine stop loss and take profit levels. An example chart is included to demonstrate the system in action.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    of 3

    by Ajani “AJ” Spaulding

    Ichimoku Trading System 
     
    Pairs: all. Time Frame: 15 min and Higher. Tenkan Sen : gold. Kijun Sen : Red. Chikou 
    Span (Lagging Line) : Purple. 
     
    Short Entry: Condition 1: Tenkan Sen below Kijun Sen. Condition 2: Chikou Span below 
    the Price Line. Condition 3: Current Price below the Cloud. 
     
    Long Entry: Condition 1: Tenkan Sen above Kijun Sen. Condition 2: Chikou Span above 
    the Price Line. Condition 3: Current Price above the Cloud. 
     
    Exit Position​
    : To exit, we use Chikou Span (the lagging line). 
     
    Stop Loss For LONG position: The support on Chikou Span right below the price you 
    enter is your Stop Loss level, vice versa, for Short position. 
     
    Take Profit The resistance on Chikou Span right above the price you enter is your Take 
    Profit level, vice versa, for Short position. 
     
    In the picture is the ​  ​
    Ichimoku​  ​
    ​
    Forex System​in action. 
     
       

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