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7-Days Trader Challenge: Ichimoku special

Welcome to the latest challenge in our "7-days trader" series. This week, we'll be exploring the trading signals provided by the Ichimoku Kinko Hyo, deepening our understanding of trends and improving our trading discipline. As always, each day has a specific mission. Don't forget to share your progress and experiences on social networks with the hashtag #xenesy and identifying @xenesy_project. Let's go !

7-Days Trader Challenge: Ichimoku special

Monday: Understanding Crossing Signals

Mission : Today, we're going to focus on the crossover signals of Tenkan-sen and Kijun-sen.

  1. Task 1: Read our detailed article on the different types of crossbreeding golden cross and dead cross.
  2. Task 2: Identify crossovers on the charts of two different assets (for example, a currency pair and a stock) and note their impact on the trend.
  3. Task 3: Share your analyses and conclusions on social networks using #xenesy and identifying @xenesy_project.

Tuesday to Thursday: Trading with Crossover Signals

Mission : Over the next three days, we'll be applying our knowledge of crossover signals to demo accounts.

  1. Task 1: Open a demo trading account if you don't already have one. Many online brokers offer free demo accounts.
  2. Task 2: Each day, spot a Tenkan-sen/Kijun-sen cross and open a trade based on this signal. Use the appropriate stop-loss and take-profit levels.
  3. Task 3: Keep a trading diary, noting the reasons for each trade, stop-loss and take-profit levels, and the results obtained.
  4. Task 4: Share a summary of your trades and lessons learned every day on social networks with #xenesy and @xenesy_project.

Friday: Analysis and Review

Mission : Today, we're going to analyze our trades of the week and make some revisions.

  1. Task 1: Review your trading journal and analyze the performance of your trades. Identify strengths and mistakes.
  2. Task 2: Compare your results with the initial analysis of each trade. Think about what you could have done differently.
  3. Task 3: Draw up an improvement plan based on your observations. Note the adjustments you need to make to your strategy.
  4. Task 4: Share your findings and improvement plan on social networks using #xenesy and identifying @xenesy_project.

Saturday: Practical case study

Mission : Today, we're going to deepen our understanding of crossover signals with a case study.

  1. Task 1:  Discover our experienced trader's successful trade using Ichimoku. 
  2. Task 2: Analyze the trade in detail. Understand how the trader used the crossover signals to make his decisions.
  3. Task 3: Write a summary of the case study, highlighting the key lessons you've learned.
  4. Task 4: Share your summary on social networks with #xenesy and @xenesy_project.

Sunday: Preparation for the Week Ahead

Mission : To conclude this week, let's prepare for the next.

  1. Task 1: Review the main concepts of crossover signals and the lessons learned this week.
  2. Task 2: Draw up a trading plan for the following week, incorporating the adjustments and improvements identified on Friday.
  3. Task 3: Set yourself clear, measurable goals for the week ahead.
  4. Task 4: Share your plan and goals for the coming week on social networks with #xenesy and identifying @xenesy_project.

By following this challenge, you will not only deepen your understanding of Ichimoku Kinko Hyo crossing signals, but also develop a rigorous trading discipline. Good luck to you all, and don't forget to share your experiences and results. See you next week for a new "7-day trading" challenge!

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