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Author Topic: GBP/USD  (Read 2353 times)
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majorman4u2002
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« Reply #15 on: February 24, 2009, 11:54:00 PM »

Thanks alot Ozzy, i don't really understand how to use the kumo to identify S&P. Can you please illustrate that for me on the NZDJPY chart and attach it to your message? Thank you. If you or anyone would like to share with me any material on Ichimoku about the way to use it and the way u use it, you can send it to my mail box: majorman4u2002@yahoo.com

I would really appreciate that because i am really struggling this period. Please help me fellow Ichimoku users.

Thank you.
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ozzy007
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« Reply #16 on: February 25, 2009, 09:36:42 AM »

Notice on the yellow checkmark the thick kumo cloud. Price tried to go up & through the cloud but since the cloud was so thick price could not go up too high. So when you notice that the price is struggling to break a thick cloud like in this instance you could have placed a short trade right at the bottom of the cloud. This would have worked out great because price hit R & came back down for a nice profit.
On the red check the cloud is not as thick but there is still a R. So price could get stuck there & come back down. These are just some ways to use the kumo to your advantage.
« Last Edit: February 25, 2009, 09:39:00 AM by ozzy007 » Logged
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