Ichimoku Number Theory - An Introduction

January 18, 2019 | Author: catsmart | Category: Psychology & Cognitive Science, Cognitive Science, Cognition, Science, Philosophical Science
Share Embed Donate


Short Description

Ichimoku Number Theory - An Introduction...

Description

1/3/2018

Ichimoku Number Theory - An Introduction | 2nd Skies Forex

There are names for these numbers like one section, two sections, one period , etc. which I will get into a later date, but the basic three names are; one section (9) two sections (17) 1 period (26) So if you see me using this terminology in my future ichimoku posts, you will know what I am talking about. Use in Practice Ideally, ichimoku number/time theory should be used in combination with the price and wave theories. So by itself, it is limited. But we can start the introduction with the basic concept. This is, the market is more likely to have a turning point or strong price action reaction around these numbers. They are not meant to be treated as fixed in stone numbers, but moreso higher probability turning or reaction points. An example of this is below;  AUDUSD Daily Chart

Now using the chart above, lets make some observations: A-B = 41 (1 short of 42 bar move) B-C = 16 (1 short of two section move/17) C-D = 26 bars exactly or one period D-E = 18 bars (1 short of two sections move) E-F = 26 bars exactly or one period Now this is just one chart and there will be many that are not so accurate upon first glance, and others that are. JPY pairs tend to move and respond more to the ichimoku paramters and numbers since a great amount of Japanese traders

https://2ndskiesforex.com/trading-strategies/forex-strategies/ichimoku-number-theory-an-introduction/

3/9

View more...

Comments

Copyright ©2017 KUPDF Inc.
SUPPORT KUPDF