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#5) IchimokuTradingSystem

The document outlines an Ichimoku trading system using three lines - Tenkan Sen (gold), Kijun Sen (red), and Chikou Span (purple) - to determine entry and exit signals on 15-minute or higher forex charts. It describes taking short positions when Tenkan Sen is below Kijun Sen, Chikou Span is below price, and price is below the cloud, and long positions for the opposite signals, with Chikou Span used to determine stop loss and take profit levels. An example chart is included to demonstrate the system in action.

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rezakaihani
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179 views3 pages

#5) IchimokuTradingSystem

The document outlines an Ichimoku trading system using three lines - Tenkan Sen (gold), Kijun Sen (red), and Chikou Span (purple) - to determine entry and exit signals on 15-minute or higher forex charts. It describes taking short positions when Tenkan Sen is below Kijun Sen, Chikou Span is below price, and price is below the cloud, and long positions for the opposite signals, with Chikou Span used to determine stop loss and take profit levels. An example chart is included to demonstrate the system in action.

Uploaded by

rezakaihani
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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by Ajani “AJ” Spaulding

Ichimoku Trading System 
 
Pairs: all. Time Frame: 15 min and Higher. Tenkan Sen : gold. Kijun Sen : Red. Chikou 
Span (Lagging Line) : Purple. 
 
Short Entry: Condition 1: Tenkan Sen below Kijun Sen. Condition 2: Chikou Span below 
the Price Line. Condition 3: Current Price below the Cloud. 
 
Long Entry: Condition 1: Tenkan Sen above Kijun Sen. Condition 2: Chikou Span above 
the Price Line. Condition 3: Current Price above the Cloud. 
 
Exit Position​
: To exit, we use Chikou Span (the lagging line). 
 
Stop Loss For LONG position: The support on Chikou Span right below the price you 
enter is your Stop Loss level, vice versa, for Short position. 
 
Take Profit The resistance on Chikou Span right above the price you enter is your Take 
Profit level, vice versa, for Short position. 
 
In the picture is the ​  ​
Ichimoku​  ​
​
Forex System​in action. 
 
   

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