[isatrader]

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

I use the same standard settings on the weekly charts (see attached). But I'm only using it for the weekly charts as I'm using it to help identify long term resistance only. As for the timeframe changing the data, that sounds like a problem with your chart provider, as the cloud shouldn't change, and hence means that they are not including all the data depending on the timeframe you are using. But with the weekly chart you should have at around 3 years showing on the chart, so the data for it should be good enough, even if your chart provider is doing this.