Trading Forex with Ichimoku - Checklist

If you found this post, this means you are familiar with Ichimoku Indicator for  forex trading, so I am not going deeply into describing this forex indicator.

 I'll keep this post short, and I'll present what I call Ichimoku Checklist to help you in your day by day forex trading activity. If you have any questions, please feel free to contact me and we can discuss more.

 so...

 Ichimoku Checklist

1) Where is the Price in Relation to the Cloud ?

          a) Is it Above the Ichimoku Cloud? Then filter your trades for BUY signals only

          b) Inside the Ichimoku Cloud? - be cautious, but ready to get in on the prior trend or if you are into a trade already, prepare to add to that position (so, NO TRADE at this moment, just wait and prepare)

          c) Below the Ichimoku Cloud? - filter for SHORT ONLY TRADES (SELL)

2) Is the price consistently on one side of the cloud os is price whipping around on both sides consistently meaning Range Bound on Not worth trend trading ???

3) Is the laging line in open space? (not inside the cloud) and on the same side of the cloud just as the price ?

4)Which level od the Ichimoku would you like to use to place your stop? (Tenkan, Kijun, Senkou A or Senkou B)