Hello all,
It's been a while since my last post...sorry for the gap. Today I want to talk a little about ProSticks and Ichimoku.
When I created the MarketVision Blog, the following is what I had in mind:
Simple Moving Average Chart
ProSticks Chart with Ichimoku
OK, so if you are trading with your broker's chart you can take a guess at future price action. Conversely, the lower chart with Ichimoku cloud generated a sell signal (blue arrow), I shorted about 2 pips below and bought at the bottom of the cloud, then bought into a long position on the bottom of the cloud sighting the inversion about to occur at .9490. Needless to say this was a tidy profit.
If you are interested in real-time access to ProSticks with Ichimoku send me a note at tk@etvmedia.com.