Fri 21st Feb (8.35 am) Lessons from the Ichimoku Cloud:
A/J: stuck in the 4hr Cloud:
Kiwi: stuck in the 4hr Cloud:
Some TC-type signals from earlier this week, that triggered from outside the Bollinger bands so I discounted them, are also worth noting here too. These non-signals also failed but they, too, had Ichimoku Cloud issues! Price was either in the 4hr or daily Cloud on each of these charts:
E/J daily Cloud
U/J daily Cloud:
EUR/AUD: daily Cloud:
I have written about the phenomenon of TC signals and the Ichimoku Cloud in more detail and this information is loaded on my new web site. I do hope to get this site up and running soon but there are still some issues to be sorted there. Clearly, though, I do need to take more notice of my own trading advice!