Ichimoku Cloud: identify the trend, helps you to place stops and recognize when should be bullish or bearish (and why)

Ichimoku is the indicator which is also well-known trading system by itself.. The creator of the indicator (Goichi Hosada) introduced Ichimoku in the beginnig as the indicator which is having the ability to determine whether a tradable trend is present or we should wait for for direction. And the one of the main component of Ichimoku indicator is the Cloud. To make it shorter - the traders should always look at the price (as the main indicator in this case) to be above/below or inside the cloud to understand the market condition in general: if the price is above the cloud so it is for primary bullish market condition, if the price is below the cloude - it means that the price is located in the primary bearish area of the chart, and if the price is inside the cloud so it is for the secondary ranging condition waiting for the direction.