O'Reilly logo

Trading with Ichimoku Clouds: The Essential Guide to Ichimoku Kinko Hyo Technical Analysis by Manesh Patel

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

Appendix A. Ichimoku Analysis Sheet

 

Ichimoku Trading Questionnaire

 
 

Date:

 
 

Instrument:

 
 

Notes:

 

Relationship

 

Result

Price vs. Kumo Cloud

  

Bullish or Bearish?

Bullish -> Price above Kumo Cloud

 
 

Bearish -> Price below Kumo Cloud

 
 

Consolidation -> Price within Kumo Cloud

 

Kumo Shadows

Strong Bullish -> No Shadows

 

(Kumo Clouds behind price)

Strong Bearish -> No Shadows

 
 

Weak Bullish -> Shadow

 
 

Weak Bearish -> Shadow

 

Relationship

 

Result

Tenkan Sen/Kijun Sen

  

Bullish or Bearish?

Bullish -> Tenkan Sen > Kijun Sen

 
 

Bearish -> Kijun Sen > Tenkan Sen

 
 

Neutral -> Kijun Sen = Tenkan Sen

 

Distance of Price vs. Kijun Sen?

Close -> > (strong)

 
 

Far -> > (weak)

 

Are they in the Kumo Cloud?

Consolidation -> Kijun Sen in Kumo Cloud (weak)

 
 

Consolidation -> Tenkan Sen in Kumo Cloud (weak)

 
 

No Consolidation (strong)

 

Distance of Price vs. Tenkan Sen?

Close -> (strong)

 
 

Far -> > (weak)

 

Is Kijun Sen flat?

Consolidation -> Flat (weak)

 
 

Pointing in direction of trend (strong)

 

Chikou Span

  

Bullish or Bearish?

Bullish -> Chikou above Price (past)

 
 

Bearish -> Chikou below Price (past)

 

Is it in Kumo Cloud?

Consolidation -> Within Kumo Cloud (weak)

 
 

No consolidation (strong)

 

Future Movement (if consolidates, will it run into price)

Will run into price -> WeakWill not run into price -> Strong

 

Kumo Future

  

Bullish or Bearish?

Bullish -> Senkou A > Senkou B

 
 

Bearish -> Senkou B > Senkou A

 

Relationship

  

Result

Bullish

FSA

FSB

 

(↑ → pointing up)

strong

— → flat

weak

↓ → pointing down

strong

FSA → Future Senkou A

 

FSA → Future Senkou ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required