Trend followers need trends! The Ichimoku system generated two new strong long signals today on the daily timeframe: Cotton and Nikkei Index.

For details of the generated system see output below. The trading system used is currently under heavy development, the signal generation already works and is considered stable (see weekly ichimoku analysis).

An excerpt from the output generated by my program:

==== Executable signal: 2016-10-19  Cotton  Kumo breakout  from falling Kumo at 71.09
==== Executable signal: 2016-10-19  Nikkei  Chikou Cross  2016-09-08 at 16958.80

As you can see from the charts,Cotton did a Kumo breakout (which one COULD discuss looking at the chart, but numbers are numbers :)), while Nikkei performed a Chikou Cross, which means that the price today is higher than it was 26 days ago (my program is set to the classical ichimoku intervalls). Plus, it is above Kijun and the Kumo (which is calculated using various averages), which constitutes an uptrend. For the visually-biased amongst my audience, the two corresponding charts (click to see the full chart). I cleaned them up a bit, neutral and weak signals are no longer displayed (have to clean up the legend, as well).

Cotton first:

cotton small

and finally the Nikkei:

nikkei small

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