In this chapter, I discuss other Ichimoku strategies. I really hesitated in including this chapter in the book at this stage because it can be destructive. What I mean by destructive is that people will not concentrate on one strategy only. They will look at all strategies at one time and try to see which one is best for them at the beginning stage of learning Ichimoku. Instead of backtesting with one strategy, they will take all the strategies and try to backtest all at once in order to see which one is the best. If someone does that, he or she is bound to fail.
If you are a new Ichimoku student, you really need to take time to understand the "ideal" strategy that was outlined in previous chapters. This strategy is the "foundation" for the other strategies. By using and understanding the "ideal" strategy, you start to understand all the Ichimoku indicators. Without going through the steps laid out in the previous chapters, there is no way you will be able to successfully trade the other advanced strategies. The advanced strategies are just "segments" of the "ideal" strategies with different types of rules.
Here are five of the Ichimoku strategies:
Ideal Ichimoku Strategy
Tenkan Sen/Kijun Sen Cross Strategy
Kijun Sen Cross Strategy
Kumo Cloud Breakout Strategy
Future Senkou Crossover Strategy
Each strategy has its own purpose. I briefly go through and explain each strategy and the rules behind them. Different Ichimoku traders have different rule sets for each ...