Ichimoku forever

GBP/JPY - 1H: for long wait close above TS; targets : 144.60 - 146.00 - 147.50

sounds like a plan, you could also use the 15M and wait for a breakout.

will this down move continue? been shorting it earlier and 14+ pips green.

Hi All,

Regarding the martingale ideas that are being discussed, it is an interesting concept in theory however I cannot agree with any system that requires a trader to break their MM rules.

Whilst ichi is a great method of trend analysis there are many more variables at play in the market that can even cause the best most solid ichi signals to fail (news events, large order clusters being triggered etc). Furthermore, trading with ichi in a sideways market is much more difficult as you get many more fake breakouts.

For these reasons you should never risk more than 2% of your equity in any one trade.

The other consideration is that by taking this approach you become more emotionally involved with a particular pair as it becomes more of a game than a researched and unemotional business decision.

Sure, there are a few people who have either through good luck or good management (you decide) employed martingale ideas in a profitable manner however the number of people who have not is why casinos are still in business.

Remember the key to successful and long term trading is more about capital preservation than making large successful trades

Have a great week everyone!!

4x.

Attached is a pivot point indicator for MT4 as requested by Pedma.

Cheers.

4x.

Hey pedma, this is one on mql4 forums, it's not bad, I've got a better one my home pc that has slightly better calculations.

http://forum.mql4.com/10128/page2

Hi 4xAddict,

Many thanks bro ...

= pedma =

Hi denial727,

Many thanks bro ...

- pedma -

GBP/JPY - 1H: Long @ 143.82

Hallo,

It seems NASDAQ is promising ...
Hi Asher, sorry to say that I think it's a bug in ichiV4 (if I'm not wrong). Cs/Ks must be blue (up arrow), not red.

Thanks.
- pedma -

Hi legalindo,

Yes, agree ... And EUR/JPY is also not bad ...

- pedma -

I can see that Martingale is being disucssed here these days. Not sure if you know but the real strategy starts with the smallest possible positions and then keep multiplying positions up to the total risk limit. Which means in trading terms it will be:

Lets assume you allow yourself 2% Risk and that makes up 6 Mini Lots. You would start with minimum possible lots such as 1 Micro Lot and then keep multiplying positions until you are in profit. You will also make sure that the combined size of your lots never goes above 6 Mini Lots.

Essentially, trader do that same thing but instead of multiplying lots they just put the maximum allowed lots at the same time.

With the proper use of Martingale I do not see much risk as long as you dont go above your RM strategy.

Aloha friends.

Wishing everybody thousands of green pips this week

“Trade small because that’s when you are bad as you are ever going to be. Learn from your mistakes. Don’t be misled by day-to-day fluctuations in your equity. Focus on whether what you are doing is right, not on the random nature of any single trade’s outcome”.
- Richard Dennis
“Practice, practice, and more practice”.
- TRADE What You SEE

Any thoughts to USD/JPY... will maybe break 1H kumo soon with chikou confirm then...

After reaching a new recent high at we are on the way to leave 4h kumo, too!

http://www.investopedia.com/articles...martingale.asp

Check out this article for those of you considering this method.

Remember there is a big psychological difference between building into a position that is trending in the direction of your trade - i.e increasing exposure to a successful trade up to your 2% RM cap
and
simply doubling your position size to try and erase the effects of a previously poor trade entry

As Martingale theory requires essentially what can be indefinite doubling of your position size it requires very deep pockets and shifts the odds significantly against you if you are using it whilst maintaining a fixed RM cap on your trades.

This technique is especially dangerous for those starting out trading with small account balances as it takes less micro lots to max out your 2% RM cap.

If you are a successful trader and can accept this level of risk then go for it however I doubt many people in this position are using FF

4x.

thanx bro
good luck on your trade

hi there,

I think Kinko was using it only for the fake breakouts.the ichi rules are still applied but if the breakout is a fake one you just take the next one.

this martingale technique is used in casinos on the roulette table but only on the online one and even in this case the stake for the colour is quite high and you can only double up to a maximum of X.if your luck doesn't turn up to that X you're toasted )

I know it as I work in such a place and winning in such a manner is just a dream

hey guys, look at this. great news for marketscope users cz they can now color up the clouds and no longer confuse themselves with other lines. and now it comes with heiken ashi. does the heiken ashi looks fine to you guys?

new from marketscope 2.0
hey guys, look at this. great news for marketscope users cz they can now color up the clouds and no longer confuse themselves with other lines. and now it comes with heiken ashi. does the heiken ashi looks fine to you guys?

Hey FX Ripper,

Yeah I use MArketscope too and I was pleasantly surprised when I signed in this morning to see the colour in the clouds.

Experts need your opinion EUR/GBP 15 min possible long trade? Also 1 hr looks like change of trend upwards now?