ICHIMOKU-DMI-RSI-setup
When DMI is above 20
and top of Histogram sticks on DMI = Green --- go Long
and top of Histogram sticks on DMI = RED --- Short
NOTE: If candles are far away from cloud, try to wait for a better entry, as candles move toward the cloud and thru moving averages for support/resistance entries.
If DMI is below 20 , no entry
Above the cloud is long, Below the cloud is Short
As candles move thru the cloud, long or short, enter as it exits the cloud, then use the cloud edge as stop loss.
Use the RSI as it nears top or bottom for possible long/short exits.
BUY and SELL triangles to help with possible entry / exit points.
120 day MA added for reference point to
I mostly use this on 1 min, 3 min and 5 min for daytrading futures, stocks. Can be used on anything. Higher time frames are more for swing trading.
and top of Histogram sticks on DMI = Green --- go Long
and top of Histogram sticks on DMI = RED --- Short
NOTE: If candles are far away from cloud, try to wait for a better entry, as candles move toward the cloud and thru moving averages for support/resistance entries.
If DMI is below 20 , no entry
Above the cloud is long, Below the cloud is Short
As candles move thru the cloud, long or short, enter as it exits the cloud, then use the cloud edge as stop loss.
Use the RSI as it nears top or bottom for possible long/short exits.
BUY and SELL triangles to help with possible entry / exit points.
120 day MA added for reference point to
I mostly use this on 1 min, 3 min and 5 min for daytrading futures, stocks. Can be used on anything. Higher time frames are more for swing trading.