11th January 2019 contacttf
DEFINITION of 'Tenkan-Sen' The mid-point between the highest high and lowest low of a particular security calculated over the past nine periods. The Tenkan-Sen line is the conversion line used specifically in the Ichimoku Kinko Hyo (or Ichimoku Cloud) equilibrium charts.

There were not many opportunities to trade today. I even thought about looking at other markets, including the Chinese and Indian currencies.

This trade was set, but with a high probability that it may fail. Usually, if the Senkou Span A and B are flat, the probability of winning is low.

Trade closed manually after recognising that the price is near a support zone.

After trade analysis
I was correct in closing the position, because the price went back up to the point of entry.

This is the midpoint between the Conversion Line and the Base Line.  The Leading Span A forms one of the two Cloud boundaries. It is  referred to as "Leading" because it is plotted 26 periods in the future and forms the faster Cloud boundary.


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