Wednesday, 27 September 2017

Understanding of Ichimoku Cloud Analysis Trading System on Indian MCX Crude

Long Entry Rules :

1    1.      Price and Chiku Should be above Clouds
2    2.      Price Should Close 2 different ways based on Kijun, (i.e) First below Kijun and Second above Kijun.

Short Entry Rules :

1    1.      Price and Chiku Should be below Clouds
2    2.      Price Should Close 2 different ways based on Kijun, (i.e) First above Kijun and Second below Kijun.


b    Below Ichimoku Cloud HTF (1 Hour) Chart represents the Price move on 15 th Sep Contract 2017, CrudeOil on MCX Market. 


Long  Entry – As Per Rules
  • Blue down arrow (Red Bar) highlights the Price Closed below Kijun, and Blue up arrow (Green Bar) represent the Price Closed above Kijun.
  • Price and Chiku, Both are above Cloud.
On Sep 15th Trading Session, based on rules long entry was triggered

Long @ 3206 Bar High or 3199 Next Bar Open
Stop Loss – Bar Low – 3174 around 30 Plus Points
Target – 1 : 3 RR

16 & 17 Weekly Holidays and 19th September Contract Closing Day.

On 15th Evening Session Flat Move both Side 15 Plus Points
On 18 th 5 Points range Gap up Opening and went upside around 20 Points move upto 3226 High.











18th Sep Contract Roll over into October Contract, So on Sep 18 th Evening Session Long Entry Triggered on October Contract

20 th Sep  Long Entry

Long @ Bar High 3249
Next Bar Open @ 3247
Stop Loss - Bar Low - 3227



20 th Sep  Long Entry

Long @ Bar High 3249
Next Bar Open @ 3247
Stop Loss - Bar Low - 3239





21 th Sep  Long Entry

Long @ Bar High 3295
Next Bar Open @ 3288
Stop Loss - Bar Low - 3269





22 th Sep High 3428
23 & 24 Weekly Holidays

26 th Sep  Long Entry

Long @ Bar High 3292
Next Bar Open @ 3292
Stop Loss - Bar Low - 3281


26 th Sep  Long Entry

Long @ Bar High 3415
Next Bar Open @ 3405
Stop Loss - Bar Low - 3387



26 th Sep  Long Entry

Long @ Bar High 3415
Next Bar Open @ 3292
Stop Loss - Bar Low - 3281


 27th Sep Crude Inventory Time Orderflow Move from 8 PM



27th Sep Crude Inventory Time Orderflow Move Upto 9 PM




27 th Sep  Long Entry

Long @ Bar High 3426
Next Bar Open @ 3424
Stop Loss - Bar Low - 3212