
The above is a simplified Ichimoku chart
The Ichimoku chart was developed by Goichi Hosoda under the pseudonym Ichimoku Sanjin before World War II. Ichimoku charts are a trend-following system with an indicator similar to moving averages. The chart consists of five lines using data taken from the mid points of historical highs and lows in various ways to create a panoramic view of price movement.
The KISS strategy is if the price is above the cloud the sun is shining, below it’s raining on your parade.
Nothing works all the time, otherwise there would be no markets.
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