7J Trading Challenge: discovering Chikou Span

Monday: Understanding Chikou Span

Mission : Today, we're going to familiarize ourselves with the Chikou Span and understand its role in the Ichimoku system.

1. Task 1: Read our detailed article on Chikou Span to understand how it is calculated and used.
2. Task 2: Identify the Chikou Span on the charts of two different assets (for example, a currency pair and a stock) and note how it interacts with current prices.
3. Task 3: Share your analyses and conclusions on social networks using #xenesy and identifying @xenesy_project.

Tuesday to Thursday: Practical use of the Chikou Span

Mission : Over the next three days, we'll be applying our knowledge of Chikou Span 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: Every day, spot trend confirmations and trading signals based on the Chikou Span 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 Chikou Span 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 Chikou Span 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 Chikou Span 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.