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

Chapter 6. Ichimoku Time Elements

Usually, I hesitate to discuss the time elements within Ichimoku. The reason is that it is the most complex element of Ichimoku. Also, without understanding how Ichimoku relates to price, it is difficult, if not impossible, to understand the time elements. I write about it in this book because it has been mentioned in the Ichimoku discussion forum. In my trading, I do not use the Ichimoku time elements. I use W.D. Gann's time elements instead. There are many similarities between the two theories but my preference is W.D. Gann. I go through a comparison of the two theories now and let you determine which one you like the most.

ICHIMOKU TIME ELEMENTS

Before you go through the discussion of the time elements, let me discuss the assumptions for the analysis. When you analyze the stock market, you have one major problem and that is whether you should include the weekends. The weekends are nontrading days. Some people include the weekends in their time estimates and some do not. There is no right or wrong answer, believe it or not. So what do you do? Well, the best thing to do is make an assumption and then base everything off it. As long as you do not change the assumption, all the research is valid. If, by chance, the assumption is changed then you will have to redo all your research.

The second assumption is that the Ichimoku time elements work mainly for the daily and weekly time frames. You can use them for lower time frames, but in my experience they ...