Hey charger.....it's been a busy week for me but I've managed to spend some free time in the evenings focusing on learning to trade from the ichi cloud. I realize it's "another" "lagging" indicator but it's not "just" another lagging indicator. It is a unique and highly valuable inidicator imo. I will be using the ichi cloud indicator with only fib lines added with it on a separate chart by itself simply to guage trend continuation and strength of potential trend/trend reversal. I will then have my TDI and other indicators including your PPO and TRIX indis on another chart in my search for potential trend end and reversals. Chaostrader on youtube has put out a few really good vids on the ichi cloud which has helped give me that orientation that I could'nt get just reading text. I'd still be as confused as before on how to interpret the cloud. As chaostrader states in his vids, the ichi cloud looks "busy" to many traders. It's looking much less busy to me now since I know better what I'm looking at and looking for.
Btw, I'm seeing where the ichi can give false signals of reversal or trend end, based on price action of 150 pip or more single/double candle price action "chaos" where there is a dramatic and sharp pullback and then an immediate resumption of prior trend continuation so stops must still be used but. January 21st on GJ is an excellent example. Every other indicator or tool on our charts would have offered the same outcome of potential losses but with the ichi indi you could reenter and still be very, very good on the trade if you had a strict method of trading and stuck to it using the cloud. To be clear, the single reason I want to use the ichi cloud is to help me to remain in a trade and the trend instead of taking early profits all the dang time on these 500 pip moves. I'm hoping for a clean slate in my trading now, where once before I would get out of a trade because of searching for and seeing a trend end and impending trend reversal based on other indicators when there was simply a breather taking place with the trend about to resume in it's full glory where the top and bottom fishers like myself would be left behind. I'm sick to death of missing out on those wave 3 gains! So between using fib levels for reversal identification areas and the ichi cloud for trend resumption I might stand a much better chance of increasing my gains the way I need to in order to get that 10% a week gains in my account that I need to continue on investing my time in this.
And like you I really don't want to sit in front of the computer staring at the charts every minute of the day anymore.
