The Urban trading strategy is just like its name. It is a trading strategy designed for traders who do not want to be get bothered by an overly complicated market strategy.

This strategy follows the trend and increases its win rate with the adoption of the very versatile Ichimoku Kinko Hyo indicator.

The Urban trading strategy focuses on triggering trade signals when two indicators are showing safe matching trade setups.

Timeframes : All

Instrument : You can trade any instrument

Indicators : Ichimoku Kinko Hyo(Colors Modified; Tenkan-sen=None, Kijun-sen=None, Chikou-Span=None), Awesome Oscillator (Default setting)

Long Entry Trading Rules :

• When the sandy brown cloud of the Ichimoku Kinko Hyo Metatrader indicator stays somewhat below the candlesticks as we can trace on the chart below, bulls are meant to be formed by driving price higher, therefore a buy alert is said to be looming.
• And If Awesome Oscillator is above zero horizontal level as shown on chart below, price is said to be driven to the upside, thus it is a trigger to buy the designated currency pair.
• Placing a Stop Loss: Place stop loss below support.

Exit or Take Profit for Long Entry

• When the Ichimoku Kinko Hyo indicator displays a thistle cloud while a bullish trend is running, bulls are meant to be leaving the market in their droves, as such an exit or take profit stance will suffice.
• If Awesome Oscillator is above breaks below the 0.00 horizontal level during a bullish trend (as in the chart), it is signaling a likely end in bullish sentiments, thus an exit or take profit stance is duly recommended.

Let us explain with a chart below:

Short Entry Trading Rules :

• When the thistle cloud of the Ichimoku Kinko Hyo indicator stays fairly above price bars as seen on below chart, bears are said to be formed and price is moving down therefore a signal to go short on the currency pair of interest.
• And If Awesome Oscillator is below the zero horizontal level as depicted on chart, overall market sentiment is said to be bearish, thus it is a trigger to sell the selected instrument pair.
• Placing a stop loss: Place stop loss above resistance.

Exit or Take Profit for Short Entry

• When the Ichimoku Kinko Hyo technical indicator pops up a sandy brown cloud during the course of a bearish signal alert, bears is meant to be finished, hence it is a trigger to exit or take profit without delay.
• When Awesome Oscillator is above the 0.00 horizontal level while a bearish trend is ongoing (as in the chart), it is signaling a likely end in bullish sentiments, thus a signal to exit or take profit at once.

Let us explain with a chart below:

Pros :

• The Ichimoku Kinko Hyo indicator is an tool particularly designed for newbies who want to understand trend momentum, direction, pinpointing reversals and to locate entry levels on the chart.
• The Awesome Oscillator indicator which delivers buy and sell signal when the trade above or below 0.00 horizontal level line.

Cons :

• Al though it sounds easy to just ride the trend until the end, that’s seldom the case.
• Because of the increase in volatility created by the breakout setup, it can be challenging to enter the market without slippage.