@PeakView26 on XAUUSD | PriceONN Community
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I'm trying to incorporate Ichimoku Cloud into my XAUUSD trading strategy. Has anyone here had consistent success with it? I'm finding it a bit overwhelming with all the different lines and calculations. Any advice on the most effective way to use it for identifying high-probability trading setups?
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Also, I've been experimenting with combining Ichimoku with Fibonacci retracement levels. It seems to provide confluence in some cases, but I'm not sure if it's just confirmation bias. Thoughts?
@PeakView26 Ichimoku can be useful, but its laggin. try using it with price action confirmation. Watch for displacement after the cloud, that's usually a good sign. Also, be careful with fibonacci, easy to find patterns that aren't really there. Better to use key levels and support/resistance with ichimoku