can you explain little bit more about trade entry. thank you very much.
norok
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@thilina, So I use Ichimoku. The simplest way to read a chart with the indicator is to look at where price is in relation to the cloud. In this case, since 12/29 price has been below the cloud; therefor bearish. Then I use levels created when Ichimoku lines go flat for entries; the most common line for use being the green Kijun Sen (26 period).
thilina
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@norok, now I understand thank you for your help. I'm trying to learn Ichimoku. thank you very much.
norok
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@thilina, Use your eyes and look back to see how very often price will respect Ichimoku lines when they go flat. Flat levels are essentially 50% retracements so it can also be used with Fibonacci (though Fibs are not really my style).