Why is the Ichimoku Cloud indicator so popular, when it looks like a mess?
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And Why it is called the best indicator for new traders. How to trade it and make more money? What Cloud strategy is the right one? How to use the Ichimoku Cloud indicator properly without blowing up our accounts? Lets find out.
If you have never seen this indicator, don’t get scared away, because it looks like a big mess. It looks scary and confusing. But if you are a new trader, learn to use this, because it will make you a disciplined trader. Other indicators are easy to understand, but are difficult to execute properly. This indicator is difficult to understand, if you are new, but is very easy to use it to execute trades in live markets.
In this video, we are going to learn about the Ichimoku Cloud indicator, and a famous trading strategy based around it. As always, I will also test the Ichimoku Cloud indicator 100 times, to find its real win rate, and to make sure it works. But i will do that in a separate video. SUBSCRIBE to see it. I have already tested MACD, RSI, CCi, ADX, and other indicators 100 times, to find their real win rate. Check those videos out if you want. After all, you don’t want to risk your money on a strategy that doesn’t even work.
This is how the Ichimoku Cloud indicator looks like. Yes, a very big mess.
On trading view, The Ichimoku Cloud indicator will come with 5 lines. A blue line, called the conversion line. A red line, called the Base line. A green line, called the lagging span. And two other lines that form the Cloud. We will understand these lines, one by one, to avoid confusion. Lets start with the conversion line and the base line. These are the two lines that will give you entry signals. These lines are basically two Moving averages. The blue line is a 9 period moving average, and the red line is a 26 period moving average.
Sounds very confusing, I know. But Ichimoku Cloud is one of the most confusing indicators out there. It scares new traders away, but if you stick to it, and spend time to understand it properly, It will make you a better trader. Unlike other simple indicators, Ichimoku Cloud comes with many different lines, because this indicator shows more data to the trader. The direction of the trend, the strength of the trend, and even gives the entry signals using the conversion and base lines.
That’s why this is the best indicator for new traders. You don’t have to spend time to learn different indicators, just learn to use Ichimoku Cloud, and you should be good. When you become an experience trader, you can remove few lines from the Ichimoku indicator, if you find it distracting. Because, when you become an experienced trader, you should be able to identify the direction of the trend and the strength of the trend, without using any indicators.
There is no strategy in this world, that works 100 percent of the time. So manage your money properly. Don’t risk too much capital on a single trade.
If you want to know the real win rate of this Ichimoku Cloud strategy, Subscribe now, Because, in the next video, I’m going to test this indicator 100 times, to make sure it works. After all, you don’t want to risk your money on something that doesn’t even work.
If you want to know about the Best MACD Trading strategy, that i back tested 100 times, to see if that strategy is profitable or just fake, check out the first video on this channel.
And check out other strategies that i tested 100 times, like the CCI, and Bollinger Bands.
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