Apprentice wrote:What is conversion and base lines? Usually, Ichimoku lines are named Tenkan/Kijun/Chikou.
BUY-
1: Price closes above SENKOU SPAN B
2: TENKAN breaks above KIJUN
3: CHIKOU breaks above SENKOU SPAN B
4: Place protective stop loss below the Candle that broke out above the cloud
5: Take Profit when the TEKAN crosses below the KIJUN.
SELL-
1: Price closes below SENKOU SPAN A
2: TENKAN breaks below KIJUN
3. CHIKOU breaks below SENKOU SPAN B
4. Place Protective SL above the candle that broke below the cloud.
5: Take profit when the TEKAN crosses above theKIJUN.