First of all, to everyone, GREAT COMMENTS! I am excited to see the enthusiasm generated thus far.. Thank you for the nice words If I don't address your post, it means I am thanking you and you didn't ask me a question or it was one I'm not willing to answer. I usually get to most though.
The "indicator" is just fancier Moving Averages. Instead of taking the true average though, the Ichimoku Kinko Hyo uses the high and low extreme average, to get more of a median than an average.
Not everyone sees everything the same. I may look at a painting and see the sun rising over the horizon, and you see the same painting and see a basketball rolling down a hill. Believe the "indicator" or not, it's my way of trading. I never have used EA's and personally dread them, and it would be darn hard to mechanize something as subjective as the ichimoku.
Look forward to hearing from you again,
Kevin
Hercs,
I am loving the enthusiasm, man. Your ideas are excellent and well thought out.
Here's the deal. I still got more to talk about So, this is what I want you to do.. Write down ALL YOUR GREAT IDEAS in a Word document as if you were talking to me, and then after I am done talking about everything, we will have a big discussion and paste your ideas if I haven't addressed the issue already. In this way, we will keep everyone on the same page with what I think, and then you guys can fire questions at me. Seriously though, I appreciate your enthusiasm, you're doing awesome. I will discuss timeframes probably in the next posts or so.
Sage,
Thanks for the nice words. GOOD catch! You are ABSOLUTELY correct. Unfortunately it is too late for me to modify that post, but hopefully everyone catches that. Thanks for bringing that to our attention. That's what I get for copy and pasting
DislikedHey there, great work. Thanks for this thread, although I am not sure I believe in the indicator. Why do you imagine this works better than your own careful observation of the price activity? Or is the idea simply to automate the "detection" of consolidation, for use in bots..etc?Ignored
Not everyone sees everything the same. I may look at a painting and see the sun rising over the horizon, and you see the same painting and see a basketball rolling down a hill. Believe the "indicator" or not, it's my way of trading. I never have used EA's and personally dread them, and it would be darn hard to mechanize something as subjective as the ichimoku.
Look forward to hearing from you again,
Kevin
QuoteDislikedKevin, I do believe that I want to share my 5M-chart experience with you after my preliminary research. The "penny finally dropped" for me and I can only thank you for opening my eyes to something I had all the time and never understood clearly.
I also wish to discuss the use of the Chikou Span with you, but I do not want to be seen to want to "high jack" your Threat here. So, with your permission I would like to take the opportunity to discuss these two issues: 1. Settings on 5M-chart (H1 to follow) and 2. the usefullness of Chikou Span.
Have a great weekend.
Best personal regards.
Hercs,
I am loving the enthusiasm, man. Your ideas are excellent and well thought out.
Here's the deal. I still got more to talk about So, this is what I want you to do.. Write down ALL YOUR GREAT IDEAS in a Word document as if you were talking to me, and then after I am done talking about everything, we will have a big discussion and paste your ideas if I haven't addressed the issue already. In this way, we will keep everyone on the same page with what I think, and then you guys can fire questions at me. Seriously though, I appreciate your enthusiasm, you're doing awesome. I will discuss timeframes probably in the next posts or so.
DislikedHi Kharvell, thank you for sharing this with us. Yes it certainly will be a chore and a big one at that, but I hope that you will persevere as I and obviously many others will be following this thread, along with you, with keen interest.
In your post #4, referring to the second bullet point, should it not be crosses above Kijun-Sen, Buy?
Thanks again,
Sage.Ignored
Thanks for the nice words. GOOD catch! You are ABSOLUTELY correct. Unfortunately it is too late for me to modify that post, but hopefully everyone catches that. Thanks for bringing that to our attention. That's what I get for copy and pasting