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Last Post: 2/11/2017 12:09:30 PM - Followers: 29 - Board type: Free - Posts Today: 0

Welcome to the Mud-Pit.

The place for The Hungry Hippo's stock picks.
I will only post penny stocks that I own, or stocks that I am watching.

Our goal here is to "bottom feed" accumulate a few pennystocks at the right time.
Pennystocks with undervalued stock principles, low float counts, and a good story.

The Hippo is first and foremost a technical trader.
He strongly believes in the Japanese candlestick methods.
Knowing when to strike is everything with pennystocks.

 

 



 
 


ICHIMOKU TRADING

The key elements of the ichimoku chart


Tenkan-sen

Tenkan-sen (???) calculation: (highest high + lowest low)/2 for the last 9 periods.

It is primarily used as a signal line and a minor support/resistance line.Tenkan Sen (red line): This is also known as the turning line and is derived by averaging the highest high and the lowest low for the past nine periods. The Tenkan Sen is an indicator of the market trend. If the red line is moving up or down, it indicates that the market is trending. If it moves horizontally, it signals that the market is ranging.

Kijun-sen

Kijun-sen (???) calculation: (highest high + lowest low)/2 for the past 26 periods.

This is a confirmation line, a support/resistance line, and can be used as a trailing stop line. the Kijun Sen acts as an indicator of future price movement. If the price is higher than the blue line, it could continue to climb higher. If the price is below the blue line, it could keep dropping.

Senkou span A

Senkou (??) span A calculation: (Tenkan-sen + kijun-sen)/2 plotted 26 periods ahead.

Also called leading span 1, this line forms one edge of the kumo, or cloud

If the price is above the Senkou span, the top line serves as the first support level while the bottom line serves as the second support level.

If the price is below the Senkou span, the bottom line forms the first resistance level while the top line is the second resistance level.

Senkou span B

Senkou span B calculation: (highest high + lowest low)/2 calculated over the past 52 time periods and plotted 26 periods ahead.

Also called leading span 2, this line forms the other edge of the kumo.

Kumo

Kumo (?, cloud) is the space between senkou span A and B. The cloud edges identify current and potential future support and resistance points.

The Kumo cloud changes in shape and height based on price changes. This height represents volatility as larger price movements form thicker clouds, which creates a stronger support and resistance. As thinner clouds offer only weak support and resistance, prices can and tend to break through such thin clouds.

Generally, markets are bullish when Senkou Span A is above Senkou Span B and vice versa when markets are bearish. Traders often look for Kumo Twists in future clouds, where Senkou Span A and B exchange positions, a signal of potential trend reversals.

In addition to thickness, the strength of the cloud can also be ascertained by its angle; upwards for bullish and downwards for bearish. Any clouds behind price are also known as Kumo Shadows.

Chikou span

Chikou (??) span calculation: today's closing price projected back 26 days on the chart.

Also called the lagging span it is used as a support/resistance aid.

If the Chikou Span or the green line crosses the price in the bottom-up direction, that's a buy signal. If the green line crosses the price from the top-down, that's a sell signal.


TRADE AT YOUR OWN RISK

"Plan the trade, Trade the plan"

The Hungry Hippo is not a stock advisor. He is a speculative stock investor/trader.
Good luck.
SureTrader
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PostSubject
#243   EXCC Take a look at EXCC .19 if tradeforcash 02/11/17 12:09:30 PM
#241   HPTG ..Getting Hotter...Analyst Target Price 0.26‚ĶCompany to bec Nadendla 07/17/15 12:32:33 AM
#240   wHY? MONEYMADE 06/15/15 01:53:33 AM
#239   FOYJ..0.0001 reel 11/30/14 07:44:32 PM
#238   ok thanks this2shallpass 08/27/14 12:03:25 PM
#237   yeah I got nothing right now.. if i TheHungryHippo 08/27/14 11:54:29 AM
#236   they says its for the 15 million this2shallpass 08/27/14 11:53:22 AM
#235   I dont like mely bc they raised the TheHungryHippo 08/27/14 11:47:28 AM
#234   please look into MELY the only public this2shallpass 08/27/14 11:13:20 AM
#233   http://www.otcmarkets.com/financialReportViewer?symbol=UNGS&id=124975 You have probably seen dpm58 08/14/14 05:31:49 PM
#232   I'm still holding a couple tradeforcash 07/18/14 11:51:16 PM
#231   I gave up over there long time ago.. TheHungryHippo 07/18/14 11:43:56 PM
#230   Are you still following tradeforcash 07/18/14 11:40:10 PM
#229   HH, would you mind taking a quick look Mad Money Monkey 06/12/14 11:57:33 PM
#228   HH, you still think WNTR will do well? Mad Money Monkey 06/10/14 11:33:37 PM
#227   UNGS Ichimoku Cloud. TheHungryHippo 06/10/14 10:52:55 PM
#226   Are you still in slnx ? OnTheJuice 06/04/14 01:16:52 PM
#225   HH what do you think about MINE? YoungLonghorn 06/04/14 01:15:34 PM
#224   was about to buy for $1000 ungs this2shallpass 06/02/14 02:11:39 PM
#223   I think you missed the boat already... should TheHungryHippo 06/02/14 02:08:29 PM
#222   looking to get into FROZ ,whats your thought? this2shallpass 06/02/14 02:05:50 PM
#221   thanks again for the pm,didn't see t,and sold this2shallpass 05/31/14 10:05:18 PM
#220   From a chart standpoint... MELY looks good. TheHungryHippo 05/31/14 01:29:21 PM
#219   ok thanks for the pm trying to this2shallpass 05/30/14 10:31:26 AM
#218   Cautiously optimistic with MELY. I bought norcalgold 05/30/14 09:04:02 AM
#217   Hippo's Charts to Watch. TheHungryHippo 05/29/14 11:41:51 PM
#216   ok great news on MELY, one product and this2shallpass 05/29/14 07:20:43 PM
#215   MELY** Update May 29th - 10:50 PST Corporate this2shallpass 05/29/14 02:34:36 PM
#214   0.0025. yes my thoughts also,pains me,was up$3000 this2shallpass 05/28/14 08:43:55 PM
#213   Man I cannot believe that happened today. MELY TheHungryHippo 05/28/14 08:31:40 PM
#212   hi HH need your help MELY, is it this2shallpass 05/28/14 07:36:28 PM
#211   when are you in new york so goldapple 05/28/14 01:06:06 PM
#210   usually the filings.. and by then its too TheHungryHippo 05/28/14 01:00:07 PM
#209   how do you know when dilution is hurting goldapple 05/28/14 12:57:54 PM
#208   looks like an increase in authorized shares is TheHungryHippo 05/28/14 12:54:06 PM
#207   hi ,can i please have update on MELY goldapple 05/28/14 12:52:35 PM
#206   Fantastic...board marked also this board. Keep the good Bullseye104 05/28/14 12:51:53 PM
#205   Thank you my friend. That ichimoku helped me TheHungryHippo 05/28/14 12:41:46 PM
#204   nice call on nasv Bullseye104 05/28/14 12:15:57 PM
#203   I think I mixed the names up with TheHungryHippo 05/27/14 08:03:33 PM
#202   yes I can see and understand both your Dontblink 05/27/14 04:35:57 PM
#201   See how the cloud will make new support TheHungryHippo 05/27/14 03:23:15 PM
#200   When the Kijun Sen moves above the Tenkan TheHungryHippo 05/27/14 03:20:29 PM
#199   HH could you please give me one quick Dontblink 05/27/14 03:16:23 PM
#198   thanks, that's the way I interpreted it also Dontblink 05/27/14 01:43:33 PM
#197   ORFG Cloud Technicals. TheHungryHippo 05/27/14 12:17:02 PM
#196   NASV .0526 NEW 52 Wk High TheHungryHippo 05/27/14 11:59:43 AM
#195   MELY WEEKLY Ichimoku cloud TheHungryHippo 05/27/14 11:45:11 AM
#194   Well you know it will have a run TheHungryHippo 05/27/14 11:42:18 AM
#193   ok good morning ,i am thinking of sell goldapple 05/27/14 11:16:43 AM
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