NK Ichimoku Trading is a forex trading system. The NK Ichimoku Trading is a swing trading forex trading system. The NK Ichimoku Trading system is equally useful for short term traders as well as long term traders. The NK Ichimoku Trading is a trend following forex trading system. The NK Ichimoku Trading is a very clean forex trading system; it doesn’t contain lot of indicators. The holding periods while trading with NK Ichimoku Trading is usually shorter one because NK Ichimoku Trading is more concerned with short term swings. At the end of the day what matters most is your ability to follow the rules of this system.
When you install NK Ichimoku Trading in your trading platform, your chart should look like this:
- Nk Ichimoku Alert
NK Ichimoku Alert is the arrow that you see in the main chart window. There are blue and pink arrows in the main chart window. The blue arrows indicate the buying pressure in the market while the pink arrows indicate selling pressure. But you should be careful about the ongoing trend of the market. You should look for buying signal only in an uptrend market. You should be looking for sell signal only in a down trending market.
MACD is a technical indicator. MACD consists of histograms that fluctuate in positive and negative territory. You should be buying only when the histogram is in positive territory. You should be selling only when the histogram is in negative territory.
Buying Conditions Using NK Ichimoku Trading System.
- The market should be up trending.
- A blue arrow should appear below the market.
- MACD indicator should be in positive territory.
- Place your long position as soon as above conditions are met.
- Place your stop loss just below the recent swing low.
- Take your profit when a pink arrow appears above the market.
Selling Conditions Using NK Ichimoku Trading.
- The market should be down trending.
- A pink arrow should appear above the market.
- MACD indicator should be in negative territory.
- Place your short position as soon as above conditions are met.
- Place your stop loss just above the recent swing high.
- Take your profit when a blue arrow appears above the market.
Download Free Forex NK Ichimoku Trading Strategy
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