As the older from you may remember, about 6 months ago i had begun the thread "
The Best Strategy for 2013"
https://cryptotrader.org/topics/349497/the-best-strategy-for-2013, which it was essentially the way to introduce myself here.
It was concerning the notorious
Ichimoku strategy and as the older from you maybe remember i had proceed in an optimization on it through the usage of the Parabolic Sar.
Now, 6 months later, it is time to honor this strategy in its original form dedicating to it the today technical analysis.
So, we have:
A. Positive signals.a) The
Tenkan Sen (which means the moving average of the highest high and lowest low over the last 9 trading ticks) has broken upwards the
Kijun Sen (which means the moving average of the highest high and lowest low over the last 26 trading ticks) - point A.
b) The closing price is above the max of
Tenkan Sen and
Kijun Sen - points B, C, D.
c) The closing price is above the max of
the cloud which is formed by the
Senkou Span A (which means the average of the
Tenkan Sen and
Kijun Sen, plotted 26 days ahead) and the
Senkou Span B (which means the average of the highest high and lowest low over the last 52 days, plotted 26 days ahead) - points B, E, F.
B. Negative signals.a) The
Senkou Span A is below the
Senkou Span B - so
the cloud is "inverted" - points E, F.
C. Neutral signals.
a) The
Chikou Span (which means the closing price plotted 26 ticks behind) is not above nor behind the price we had on 26 ticks behind - point G, H.
Normally all the above constitute a
relatively strong bullish signal, so if you are still in fiat
consider the case to BUY.
Besides
don't forget to set a personal Stop Loss level which must be set on the golden ratio between your personal afford to loose and the necessary slackness in order to leave the price to "breathe" without problems.