ta seminar - ichimoku (22jul20)
TRANSCRIPT
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Ichimoku Kinko Hyo
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Disclaimer
You may from time to time be provided with marketing material,investment & financial related information and reports, including but notlimited to research reports and market or securities specific analysis.Please note that the information is provided for you by way ofinformation only. All of the information, report and analysis were andshould be taken as having been prepared for the purpose of generalcirculation and that none were made with regard to any specificinvestment objective, financial situation or the needs of any particularperson who may receive the information, report or analysis (includingyourself). Any recommendation or advice that may be expressed in orinferred from such information, reports or analysis therefore does nottake into account and may not be suitable for your investmentobjectives, financial situation and particular needs.
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First Look At The Ichimoku Chart
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History Of Ichimoku Kinko Hyo
• Developed by Goichi Hosoda
• Started in 1930s
• Took 30 years to formulate, test and perfect
• Using students to draw by hand and test
• Published and introduced to the world in 1968
• Came to Western world in late 1990s to early 2000
• After Steve Nison’s book
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Concepts of Ichimoku Kinko Hyo
• Can be a stand-alone trading system
• Dual MA crossover concept application
• Support and Resistance trading
• Directional view
• Price projection
• Best used in a trending market
• Not good for sideway
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Components of Ichimoku
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The 4 Components
of Ichimoku
Tenkan aka
ConversionKijun aka
Base
Chikou aka
Lagging Span
Kumo aka
Cloud Leading
Components of Ichimoku
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Tenkan Line aka Conversion
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Tenkan = (high + low)/2
Highest over 9 periods
Lowest over 9 periods
Lowest
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Mid point
Highest
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Kijun Line aka Base
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Kijun = (high + low)/2 (26)
Over 26 periods
Lowest
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Highest
Mid point
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Chikou Line aka Lagging Span
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Current ClosingPushed back 26 periods
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Cloud Span A Line
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Pushed forward 26 periods
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Cloud Span A = (Tenkan + Kijun) / 2 [26]
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Cloud Span B Line
Cloud Span B
Highest of 52 periods
Lowest of 52 periods
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Cloud Span B = (Highest + Lowest) / 2 [52]
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Ichimoku Cloud
Cloud Area in between
Span A & Span B
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Summary Of Ichimoku Components
Conversion
Base
Lagging Span
Leading Span A
Leading Span B
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Trend in Ichimoku
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Above cloud -> uptrend
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Trend in Ichimoku
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Below cloud -> downtrend
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Trend in Ichimoku
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Cloud is acting as a support
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Trend in Ichimoku
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Cloud is acting as a support
Thick cloud ->
stronger support
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Trend in Ichimoku
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Thin cloud-> Weak resistance
-> Easy to break through
-> Potential Turning Point
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Trend in Ichimoku
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Cloud is acting as a resistance
Thick cloud ->
stronger resistance
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Trend in Ichimoku
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Thick cloud -> stronger resistance
-> harder to break through
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Characteristics of the Components
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Characteristics of Tenkan Line
• Faster indicator of market direction
• In very strong trend
• Acts as support or resistance in pullback
• Very short term in nature
• Very volatile
• Used with Kijun
• Dual crossover trading signal
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Characteristics of Tenkan Line
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Crossover Signal
Support
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Characteristics of Kijun Line
• Taken as market direction
• Price and Base Line scenario
• Price above Base line = Bullish
• Price below Base line = Bearish
• When compared with the Kumo, it is short term bullish
or bearish
• Trading Signal
• Price and Kijun crossover
• Kijun as short term support or resistance
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Characteristics of Kijun Line
Price below Kijun = Bearish
Resistance
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Characteristics of Chikou Line
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Chikou used to confirm trend
Chikou below 26 periods ago
but is still above the cloud
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Trading with Ichimoku
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Trading Strategy
1) Tenkan-Kijun crossover
A warning signal
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Trading Strategy
2) Buy when breakout above the cloud
A bullish signal
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Trading Strategy
3) Hold on the trade for swing trading
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Trading Strategy
4) Exit once a new crossover
happens in the opposite direction
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Trading Strategy
Combine Ichimoku with MACD
MACD divergence
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Reversal in Ichimoku
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Trend Change in Ichimoku
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Bottom Formation
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Trend Change in Ichimoku
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Top Formation
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Ichimoku Reversal
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The Structure of Ichimoku
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Basic Wave Structure
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“I” Wave or 1 wave “V” wave or 2 Waves
OR
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Basic Wave Structure
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“N” Wave or 3 Waves Series of waves
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Ichimoku V Price Projection
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V = B - (C - B)
V = B + (B - C)
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Price Projection V Wave
27c
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Price Projection V Wave
49c
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Ichimoku N Projection
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N = C + (B - A)
N = C - (A - B)
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Ichimoku N Projection
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B: $10.92
A: $11.82
90c C: $11.20
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Ichimoku N Projection
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B: $1.67
A: $1.99
32cC: $1.84
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Ichimoku E Price Projection
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E = B + (B - A)
E = B - (A - B)
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Ichimoku E Projection
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29c
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Ichimoku E Projection
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32c
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Trading with Ichimoku
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M Top
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Trading with Ichimoku
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N Projection
A: 0.58
B: 0.49
-0.09
C: 0.545
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Trading with Ichimoku
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E Projection
-0.055
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Trading with Ichimoku
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V Projection
-0.09
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Questions and Answers
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Thank you
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