NASDAQ The Perfect Trend

The market has been running up since the beginning of 2017. If we traded based on Ichimoku indicator, we could make good profit. You can see 7 long trades and possible entry levels. The main thing you have to note: Ichimoku is a trend indicator. It must be used only with trend market conditions. When markets are in range, there will be a lot of false signals. It does not mean that Ichimoku useless, it means that you use wrong tools. I use DMI indicator for understanding market conditions. If ADX line rises or it's above 20 level, we have trend market conditions and we can trade based on Ichimoku signals. If ADX line is below 20 and falls, it's time to do nothing. As for RSI, it's good for confirmation price reversals from Ichimoku lines.