Hi
My personal opinion is that treading only kumo breakouts can be the most successful system because the trend direction is clear and its strength also.
However, looking at the ichimoku chart, I can see that there are many opportunities to make profit but which the ichimoku trader would avoid as weak and even dangerous attempts.
Of course, I admit, I cannot predict the change of the trend-direction after the kumo breakout slows down and there is an overbought or oversold period.
so, briefly my observations of trend movement is as follows
1. trending really starts when there is a breakout
a. here one have to be careful of pullbacks
2. after sometime starts the oversold or overbought region
a. these regions are the place where the market is not trending but ranging. (this does not happen all the time). here it is difficult to see which direction the price-line will continue.
The triple stochastic
I was looking for long time for an indicator that can show cycles, the main ups and downs of the trend. All I found were imperfect, not precise. The triple stochastic I made is also not perfect but but IMO it is a bit better. It could be optimized and to do that I need the help of experts on this forum.
I also don't have the ultimate rules how to use it but I can give you an idea what is the meaning of the lines.
the yellow and the purple are like MAs
the blue red are both showing the direction; their cross-points can be used as entries and exits. (in comparison to the MAs and the kumo exit might be not necessary at every cross-points.)
The alligator is also helpful to identify earlier breakouts than it is shown by kumo. When the price-line is below the yellow line it is downtrend; when above, it is uptrend.
I made the parameters of the indicators purely on observational and not mathematical ground. The triple stochastic and the yellow line of the alligator are meant to show opportunities for trading that would be avoided by ichimoku traders as dangerous.
So, I don't say this system is good and certainly it is far from perfect but with some good advises from senoiur traders it might become a good system.
Please, give your inputs and also some additional indicators what you would use to indintify 100% good breakouts on earlier stage than the ichimoku usually shows.
Few rules when not to trade:
1. when the yellow line of stoch is almost flat
2. same rule is for the yellow line of the alligator.
It seems that 15M chart would be with the least noise but this system could be applied also to 1M and 5M charts.
I am awaiting your positive criticism
Bodisatva
May Buddha bless you
and happy xmass
My personal opinion is that treading only kumo breakouts can be the most successful system because the trend direction is clear and its strength also.
However, looking at the ichimoku chart, I can see that there are many opportunities to make profit but which the ichimoku trader would avoid as weak and even dangerous attempts.
Of course, I admit, I cannot predict the change of the trend-direction after the kumo breakout slows down and there is an overbought or oversold period.
so, briefly my observations of trend movement is as follows
1. trending really starts when there is a breakout
a. here one have to be careful of pullbacks
2. after sometime starts the oversold or overbought region
a. these regions are the place where the market is not trending but ranging. (this does not happen all the time). here it is difficult to see which direction the price-line will continue.
The triple stochastic
I was looking for long time for an indicator that can show cycles, the main ups and downs of the trend. All I found were imperfect, not precise. The triple stochastic I made is also not perfect but but IMO it is a bit better. It could be optimized and to do that I need the help of experts on this forum.
I also don't have the ultimate rules how to use it but I can give you an idea what is the meaning of the lines.
the yellow and the purple are like MAs
the blue red are both showing the direction; their cross-points can be used as entries and exits. (in comparison to the MAs and the kumo exit might be not necessary at every cross-points.)
The alligator is also helpful to identify earlier breakouts than it is shown by kumo. When the price-line is below the yellow line it is downtrend; when above, it is uptrend.
I made the parameters of the indicators purely on observational and not mathematical ground. The triple stochastic and the yellow line of the alligator are meant to show opportunities for trading that would be avoided by ichimoku traders as dangerous.
So, I don't say this system is good and certainly it is far from perfect but with some good advises from senoiur traders it might become a good system.
Please, give your inputs and also some additional indicators what you would use to indintify 100% good breakouts on earlier stage than the ichimoku usually shows.
Few rules when not to trade:
1. when the yellow line of stoch is almost flat
2. same rule is for the yellow line of the alligator.
It seems that 15M chart would be with the least noise but this system could be applied also to 1M and 5M charts.
I am awaiting your positive criticism
Bodisatva
May Buddha bless you
and happy xmass
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0 0 kumo alig.tpl
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- May Buddha bless you.