Advanced Ichimoku Challenge

Monday: Introduction to Advanced Trading Strategies

Mission :
Today, we're going to familiarize ourselves with advanced trading strategies using Ichimoku.

• Task 1:
  Read a detailed article on advanced trading strategies with Ichimoku Kinko Hyo. Learn how to combine Ichimoku signals with other technical indicators to improve the accuracy of your trades.
• Task 2:
  Analyze the charts of two different assets (e.g. a currency pair and a stock) using the advanced strategies you've learned. Look for potential trade configurations.
• Task 3:
  Share your analysis and first impressions on social networks using #xenesy and tagging @xenesy_project.

Tuesday to Thursday: Practice of Advanced Trading Strategies

Mission :
During these three days, we will put advanced trading strategies into practice with demo trading accounts.

• Task 1:
  Open a demo trading account if you don't already have one. Many online brokers offer free demo accounts.
• Task 2:
  Every day, identify a trading opportunity using advanced Ichimoku trading strategies. Use trade setups, support/resistance levels and complementary indicators to make your decisions.
• Task 3:
  Record your trades in a trading journal, detailing the reasons for each trade, stop-loss and take-profit levels, and the results obtained.
• Task 4:
  Share a summary of your trades and lessons learned every day on social networks with #xenesy and @xenesy_project.

Friday: Strategy analysis and fine-tuning

Mission :
Today, we're going to analyze our trades of the week and make adjustments to the strategies we used.

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

Saturday: Practical case study

Mission :
Today, we're going to deepen our understanding of advanced Ichimoku strategies with a case study.

• Task 1:
  Discover our experienced trader's successful trade using Ichimoku.
• Task 2:
  Analyze the trade in detail. Understand how the trader used the various Ichimoku components and complementary indicators to make his decisions.
• Task 3:
  Write a summary of the case study, highlighting the key lessons you've learned.
• 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.

• Task 1:
  Review the main concepts of advanced trading strategies with Ichimoku and the lessons learned this week. Identify what worked well and what could be improved.
• Task 2:
  Draw up a trading plan for the following week, incorporating the adjustments and improvements identified on Friday.
• Task 3:
  Set yourself clear, measurable goals for the week ahead.
• Task 4:
  Share your plan and goals for the following week on social networks with #xenesy and by tagging @xenesy_project.

By following this challenge, you will not only deepen your understanding of advanced trading strategies with the Ichimoku Kinko Hyo, 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!