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Trading with Ichimoku Clouds: The Essential Guide to

Ichimoku Kinko Hyo Technical Analysis
By Manesh Patel
Copyright © 2010 by E.I.I. Capital Inc.

Ichimoku
Analysis Sheet

Ichimoku Trading
Questionnaire
Date:
Instrument:
Notes:
Relationship Result
Price vs. Kumo Cloud
Bullish or Bearish? Bullish – Price above Kumo Cloud
Bearish – Price below Kumo Cloud
Consolidation – Price within
Kumo Cloud
Kumo Shadows Strong Bullish – No Shadows
(Kumo Clouds behind price) Strong Bearish – No Shadows
Weak Bullish – Shadow
Weak Bearish – Shadow

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196 TRADING WITH ICHIMOKU CLOUDS

Relationship Result
Tenkan Sen/Kijun Sen
Bullish or Bearish? Bullish – Tenkan Sen Kijun Sen
Bearish – Kijun Sen Tenkan Sen
Neutral – Kijun Sen Tenkan Sen
Distance of Price vs. Kijun Sen? Close – (strong)
Far – (weak)
Are they in the Kumo Cloud? Consolidation – Kijun Sen in
Kumo Cloud (weak)
Consolidation – Tenkan Sen in
Kumo Cloud (weak)
No Consolidation (strong)
Distance of Price vs. Tenkan Sen? Close – (strong)
Far – (weak)
Is Kijun Sen flat? Consolidation – Flat (weak)
Pointing in direction of trend
(strong)

Chikou Span
Bullish or Bearish? Bullish – Chikou above Price
(past)
Bearish – Chikou below Price
(past)
Is it in Kumo Cloud? Consolidation – Within Kumo
Cloud (weak)
No consolidation (strong)
Future Movement Will run into price – Weak
(if consolidates, will it run into Will not run into price – Strong
price)

Kumo Future
Bullish or Bearish? Bullish – Senkou A Senkou B
Bearish – Senkou B Senkou A
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Ichimoku Analysis Sheet 197

Relationship Result
Bullish FSA FSB
( pointing up) — strong
— flat — weak
pointing down strong
FSA Future Senkou A — —
FSA Future Senkou B weak
Bearish FSA FSB
— strong
— weak
strong
— —
weak

Ichimoku Indicators
Tenkan Sen (red) Red – (Highest High Lowest
Low)/2 for 9 Periods
Kijun Sen (green) Green – (Highest High Lowest
Low)/2 for 26 Periods
Chikou Span (purple) Purple – Current Price projected
back 26 periods
Kumo Cloud
Senkou Span A White outline – (Tenkan Sen
Kijun Sen)/2 projected forward
26 periods
Senkou Span B Purple outline – (Highest High
Lowest Low)/2 for 52 periods
projected forward 26 periods

FOREX
Buy Entry/Stop Spread Bu er
Sell Entry/Stop Bu er
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198 TRADING WITH ICHIMOKU CLOUDS

Website: www.eiicapital.com

Blog: www.blog.kumotrader.com

DISCUSSION BOARD:
www.kumotrader.com

WIKI: www.ichimoku.org

Copyright © 2010 E.I.I. Capital Group. All Rights Reserved.