You’ve got the Kumo cloud which on my charts are those thick coloured things, green showing a rising price trend and pink a falling trend.
Then you have three lines light blue, brownish and green. The green line is simple, it’s just the closing price shifted 26 days backwards.
The blue and brownish lines are short and longer term moving averages. The blue line tracks the price closely, the brownish line not so much.
When all three lines (blue, brown and green) are above the Kumo cloud and the blue line cross up through the brown line this is a signal to buy (long entry). You hold your long position until the closing price falls through the brown line which is the signal to sell.
Just a system which helps identify the commencement and end to a trend in price. If it worked all the time every time it would be the secret to printing money. Clearly there must be more to it than that. I’ve been trialing it in combination with my FA, experience and instinct. Esh
MGV Price at posting:
7.7¢ Sentiment: Hold Disclosure: Held
