|PDF Title :
|How To Make Money Trading The ICHIMOKU System
|Total Page :
|Balkrishna M. Sadekar
|PDF Size :
|PDF Link :
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How To Make Money Trading The ICHIMOKU System – Book
The Ichimoku components were all aligned at the point of entry. While the price was a little distant from the Tenkan and Kijun, but notice in Figure 5.13 that the Tenkan would be moving up every day for the next 9 days as the 9-period lows keep moving higher. Another alternative entry point would have been on 20 March as the price broke above the 9-period high again. This time, the Kijun was moving up as well which provided added confidence in the trade.
This chart highlights perfectly why one needs to take profits on a continuous basis as the price moves in the anticipated direction. After hitting a peak at ₹ 222, the price fell to around ` 170, where the trade would have stopped out. That is a lot of profit wasted. It is imperative to follow good money management techniques to capture profits on a regular basis. Only the final portion of the position should be the one to get stopped out below the Kijun if the trade has run in your favor.
How To Make Money Trading The ICHIMOKU System PDF
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