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1/13 What is Ichimoku? 🇯🇵Ichimoku means one look (at the chart) in Japanese. It's a TA system created by Goichi Hosoda. ❌Ichimoku is not just an indicator as most people think. If anything, the five lines on the chart may be called an indicator, but they are literally the

2/13 This is Goichi Hosoda (1898-1982), the creator of Ichimoku.

3/13 He started analyzing the markets and creating the Ichimoku system early in the XX century when computers still didn't exist. It wasn't possible to put an indicator on the chart as we do it today with one click on TradingView. Everything needed to be calculated manually on

4/13 When Hosoda created the first Ichimoku version, some people around him realized that this system can make them a lot of money from the markets. They wanted him to teach them the system but he was hesitant to do so and was the keeping the knowledge in secret. Finally, in

5/13 Almost 20 years later, Hosoda started publishing his system. It is covered in 7 books which to this day are not translated in English.

6/13 So, what are the components of the Ichimoku system? It includes: 1⃣ The "Basic" Ichimoku as I call it, or the 5 lines on the chart which you can get on TradingView. 2⃣ The Wave Theory 3⃣ The Time Theory 4⃣ The Price Theory Hosoda also used another powerful technique

7/13 The Basic Ichimoku showing the 5 lines on the chart gives us deep perspective of the market. ⏰The unique thing about it is that it shows us key support and resistance levels in the past, present and the future. 2⃣6⃣Chiko Span shows us the relation of the current price to

8/13 Even the "Basic Ichimoku" gives way more information than just support/resistance though. It shows the strength of the S/R, suggests the timing of when the S/R should be revisited, if the current trend is overheated or sustained etc...

9/13 The Time Theory is one of the three Ichimoku theories for PA market analysis and it is by far the most important one. Hosoda says that Time is everything and even the Basic Ichimoku is based on the Kihon Suchi numbers, the nuts and bolts of the Time Theory. The Time

10/13 The Wave Theory has some similarities to the Elliot Wave theory but also has its differences. It tells us to which direction the current wave is more likely to break out based on the wave count.

11/13 The Price Theory uses different calculation models for price target forecasts based on the types of waves.

12/13 The best thing about Ichimoku is that, by giving us the ability to analyse the market from so many perspectives, it allows us to seek confluence between all these different analysis. And when many things align we know that the chance for something to happen is very high.

13/13 This thread was just a quick overview of the Ichimoku system in general. If you found it useful it would be great to share and like the original tweet if you still haven't done so. In the next threads I will start covering in more details the "Basic Ichimoku", starting

@phisharkk For me it's offensive and irrelevant to call Ichimoku "an indicator" as it's an entire system, let alone to compare it with RSI. Practically all indicators are lagging and useless for me, Ichimoku is based on the Time Theory and is completely different. Speaking of divergences

@drpastet Sorry! We kind of don't want to see your feet. No offense please! Thank you so much for your Ichimoku Cloud lessons!

@BarbaraBeKind I do not accept your apology madam! Are you saying that my feet are ugly or what??

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