3 Profitable Ichimoku Trading Strategies. In this article I show three strategies using the Ichimoku trading system. In fact, because the system is so versatile, I look at 3 different Ichimoku trading strategies. I then show the results of how these trading strategies perform on the EUR/USD forex pair. I carried out these analyses to find out how good the Ichimoku system is at identifying trends. The trading strategies are simple and do not require any judgement or special analysis. Ichimoku Kinko Hyo. Ichimoku is a trading system that originated in Japan. Developed by journalist Goichi Hosoda, it is designed to help traders identify and trade with the dominant trend. The lines look quite complicated on the chart but they can be easily used as part of an automated trading strategy. Conversion and Base Line. The red line is the Conversion Line (tenkan sen) and is the quickest to react. The blue line is the Base Line (kijun sen). The Base Line is slower and is used for confirmation. Ichi...