Don't have your head in the clouds.. Well, except
Post# of 1023
Posted On: 02/26/2016 3:12:13 PM
Don't have your head in the clouds..
Well, except for the Ichimoku Clouds
Its probably one of the best overlays you can utilize; it shows momentum, trend change, you name it, it can do it (even wash the kitchen sink).
Todays Chart
(scroll down)
Although it may look like just a bunch of lines and colors, there are actually 5 important parts to this:
1. Conversion Line
2. Base Line
3. Lagging Span
4. Leading Span 1
5. Leading Span 2
What they do:
1. Conversion Line
Think of this one like a little puppy. All up in your grill. It follows the price movements the closest.
2. Base Line
This one is like the Conversion Line, accept it doesn't care about the price as much. Notice it's not all up in the PPS's grill.
3. Lagging Span
Putting it simply, the trend is up when this line is above whatever the closing price is, and its the opposite when its below it. Notice as of today, it's going up.
The Lines that form the Cloud:
4. Leading Span 1
Notice the red cloud is surrounded by two lines; one red, one green
Why is it called a 'leading' span? Because just like Doc Brown who had a DeLorean time machine, the leading span 1 is placed 26 DAYS into the future . This line moves faster than Leading Span 2. GREAT SCOTT!
5. Leading Span 2
Trend is down when this line is ABOVE the green line. Notice how the chart is showing signs of a cross between the two lines sometime around April 1st (if the trend remains constant).
What the heck are we looking at in this paint-by-number chart?
Trend
First off, trendwise (is that a word?), the trend is up when prices are above the cloud, and down when prices are below the cloud. Considered flat when prices are in the cloud.
Leading Span 1 and Leading Span 2
Notice Leading Span 1 is at the bottom of the chart (green line) while the red line (which forms the cloud) is above it.
As you can see in the chart, the two lines are getting REALLY close to each other. With the upcoming release of the 10-K, among other things (notice the cloud goes out to April 1st), it is my opinion the lines will cross which will indicate a strengthening of the reversal in trend.
When this happens, the nasty RED cloud will turn a pretty GREEN indicating the trend has increased in strength, and unicorns and rainbows will encompass the world (not sure about that last part).
Obviously nothing is perfect and nothing can 'predict the future', but the Ichimoku Cloud is great for helping investors make better informed decisions.
Keep an eye on where the price is; underneath , inside, or above the cloud. Do your DD, learn how to read charts, don't listen to me, this is all my opinion, be your own person.
Well, except for the Ichimoku Clouds
Its probably one of the best overlays you can utilize; it shows momentum, trend change, you name it, it can do it (even wash the kitchen sink).
Todays Chart
(scroll down)
Although it may look like just a bunch of lines and colors, there are actually 5 important parts to this:
1. Conversion Line
2. Base Line
3. Lagging Span
4. Leading Span 1
5. Leading Span 2
What they do:
1. Conversion Line
Think of this one like a little puppy. All up in your grill. It follows the price movements the closest.
2. Base Line
This one is like the Conversion Line, accept it doesn't care about the price as much. Notice it's not all up in the PPS's grill.
3. Lagging Span
Putting it simply, the trend is up when this line is above whatever the closing price is, and its the opposite when its below it. Notice as of today, it's going up.
The Lines that form the Cloud:
4. Leading Span 1
Notice the red cloud is surrounded by two lines; one red, one green
Why is it called a 'leading' span? Because just like Doc Brown who had a DeLorean time machine, the leading span 1 is placed 26 DAYS into the future . This line moves faster than Leading Span 2. GREAT SCOTT!
5. Leading Span 2
Trend is down when this line is ABOVE the green line. Notice how the chart is showing signs of a cross between the two lines sometime around April 1st (if the trend remains constant).
What the heck are we looking at in this paint-by-number chart?
Trend
First off, trendwise (is that a word?), the trend is up when prices are above the cloud, and down when prices are below the cloud. Considered flat when prices are in the cloud.
Leading Span 1 and Leading Span 2
Notice Leading Span 1 is at the bottom of the chart (green line) while the red line (which forms the cloud) is above it.
As you can see in the chart, the two lines are getting REALLY close to each other. With the upcoming release of the 10-K, among other things (notice the cloud goes out to April 1st), it is my opinion the lines will cross which will indicate a strengthening of the reversal in trend.
When this happens, the nasty RED cloud will turn a pretty GREEN indicating the trend has increased in strength, and unicorns and rainbows will encompass the world (not sure about that last part).
Obviously nothing is perfect and nothing can 'predict the future', but the Ichimoku Cloud is great for helping investors make better informed decisions.
Keep an eye on where the price is; underneath , inside, or above the cloud. Do your DD, learn how to read charts, don't listen to me, this is all my opinion, be your own person.
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There is a VERY HIGH degree of RISK involved in trading and investing. Only invest what you can afford to lose.
http://investorshangout.com/Joeys-Investment-Board-91611/
Invite Only
There is a VERY HIGH degree of RISK involved in trading and investing. Only invest what you can afford to lose.
Disclaimer:
As used herein, the terms "You" and "Your" shall mean you, individually, the reader, and each other party on whose behalf you may use the contained information at any time.
All references to "My", "I", and “The writer of the above post” shall refer to the creator of the username Joey68.
Do NOT invest unless you are prepared to sustain a total loss of the money you have invested plus any commission or other transaction charges.
There is a very high degree of risk involved in trading and investing. Past results are not indicative of future returns. I assume no responsibility for your trading and investment results. You should NOT rely on the information in the above post to make any decision or take any action.
ALL OF MY STATEMENTS, including but not limited to, POSTS, MESSAGES, PRIVATE MESSAGES, and RESPONSES are OPINION and NOT fact and are for entertainment purposes only. Do your own research and make your own decisions based on your own conclusions.
ALL OF MY STATEMENTS, including but not limited to, POSTS, MESSAGES, PRIVATE MESSAGES, and RESPONSES are NOT advice, and are NOT designed to substitute the expertise and judgment of a professional. It is your responsibility to seek investment advice during all stages of your investments. It is your responsibility to evaluate the accuracy, completeness and usefulness of the information in the above post.
I am NOT a professional.
I do NOT work for you.
My posts are NOT investment advice. I am not paid to post.
There is no correlation between the number of posts I write per day and your assumed success of a company.
It is NOT my responsibility to inform you of my own personal investment decisions.
It is NOT my responsibility to inform you when it is time for you to buy, hold, and/or sell a position.
I have no control over, and am not responsible for the actions of others who copy, store, edit, change, prepare any derivative work of or alter in any way any of the content provided in my posts.
Errors and Omissions expected. The writer of the above post accepts no liability or responsibility for any errors or omissions contained in the above post or contained within this Disclaimer.
The writer of the above post shall NOT accept any liability for the accuracy or completeness of the information contained in the above post, for any reliance placed by any person on the information contained in the above post, or for any damage or loss, however caused, in connection with the use or reliance on any information contained in the above post.
The above post may contain links to websites owned and operated by third parties. These links are provided for informational purposes only and are NOT endorsed by the writer of the above post. The writer of the above post has no control over the contents of any linked website and bears no responsibility for the accuracy, legality, or content of the external site or for that of subsequent links.
YOU ACCESS ALL LINKS ENTIRELY AT YOUR OWN RISK.
The writer of the above post makes no warranties or representations, express or implied about such linked websites, the third parties they are owned and operated by, or the information contained on these websites.
The writer of the above post accepts no liability for any damage or loss, however caused, in connection with the use of or reliance on any information, material, products, or services contained on or accessed through any such linked websites.
There is a VERY HIGH degree of RISK involved in trading and investing. Only invest what you can afford to lose.
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