RE: Crypto Academy / Season 3 / Week 1 - Homework Post for @kouba01 - Exploruing The Ichimoku Kinko Hyo Indicator
Hello @senicbliss,
Thank you for participating in the 1st Week Crypto Course in its third season and for your efforts to complete the suggested tasks, you deserve a 6.5/10 rating, according to the following scale:
Originality | Compliance with topic | Consistency of method | Quality of analysis | Clarity of structure & language |
---|---|---|---|---|
My review :
A generally accepted work in which I tried to answer the questions in a special way, which depends on the condensation of information in each element, which sometimes causes you to repeat the idea without feeling, and I also have some notes that I had written:
A bullish cross calls for yearns to be exchanged, while a bearish cross blessings the taking of shorts. The thought is to go short on a bearish Kijun/Tenkan cross, and remain as such until a bullish cross structures; or to go long on a bullish Kijun/Tenkan cross and stay long until a bearish one structures.
- When we have a bullish cross above the cloud it is a strong buy signal, while the cross below the cloud is considered a weak signal, finally , when the crossing takes place in the cloud, it is a neutral signal.
The fundamental motivation behind why it is disregarded is became it slacks and is tedious.
- Very often traders abandon the Chikou Span because they see no point in it. Graphically, the prices are shifted and are supposed to give an indication of the strength of the current movement.
Our favored marker is the RSI and it cooperates with the Ichimoku impeccably. When utilizing the Ichimoku pointer to ride drifts, get when the pattern is finished and when a potential inversion flags an exchange exit.
- The importance of this combination of the two indicators did not appear to support the signals emanating from them, as well as the illustration does not contain the RSI indicator.
Thanks again for your effort, and we look forward to reading your next work.
Sincerely,@kouba01
Thank you very much.