Thanks for the reply. Skiing in the Alps in March sounds awesome. I'll have to study that new technique you're using to confirm pullback entries.
You posted a couple weeks ago that you like to make sure a stock is above its Ichimoku cloud, on the weekly chart, before before buying it. Using that standard sure does eliminate a lot of stocks from consideration, especially those breaking out into Stage 2. Standard settings for the Ichimoku indicator are 9, 26, 52. I think I read somewhere that those settings are applicable regardless of the chart you're using. However, using those settings for a weekly chart will yield a cloud that is at a very different level than on a daily chart. Also, changing the time frame of the chart also changes the cloud. For example, displaying a 3 month chart vs a 1 year chart.
What Ichimoku settings do you use for the weekly and daily charts? Do you change the settings if you change the chart's time frame?
Thanks
