Setting up a trade using Ichimoku on ONT BTC Daily

Since I learn best when going through examples, here's a trade setup using notes from this article,
www.forexstreet.net/...ng-with-the-ichimoku

Pre-flight checklist for trading w/ Ichimoku:
1. Price versus the Kumo = bearish or bullish
2. Type of territory = bearish, normal or bullish territory
3. Tenkan Kijun (TK) Cross = bearish or bullish cross
4. TK Cross signal strength = weak, neutral or strong signal
5. Chikou Span vs Price = bearish or bullish
6. Kumo Future = bearish or bullish


TL;DR
Bullish TK Cross but:
* Market sentiment is still bearish
* Weak signal strength (below Kumo)
* Bearish Chikou, below price of 26 periods ago
* Kumo Future still bearish

Hence, no trade atm.

Thoughts? Thanks

Commentaire:

Adding TrendMaster, Heikin Ashi candles and Stoch Momentum Index... still bearish.

Commentaire:

Trade is on ONT ETH

Commentaire:

Heikin Ashi candles + TrendMaster system giving a possible bullish signal if signal candle closes and confirms

However, still a weak signal strength on the TK Cross along with:
* Bearish Chikou
* Bearish Kumo Future

Trade fermée manuellement:

Created another idea with ONT ETH pairing,

Signal candle just printed via TrendMaster few days ago. Will backtest the system on this one :fingers_crossed: