4% A Day Forever 1,432 replies
an EA that worked forever 29 replies
Forever Demo Account 9 replies
DislikedHere's another one today. USDCHF range a little smaller, so 30 pips only.Ignored
Dislikedthe TS/KS cross is identical to the EMA cross and is integrated in one system with five components that work together
what so simple about it? you already have 7 components to your system.Ignored
DislikedIt's all very well posting a textbook example but how would you have dealt with this area on cable?
Short, long, short, long, etc. If you go short when price is under the 100EMA, the 13/33 EMA cross will always be above the 100EMA. More often than not you get the 13/33 cross well before price moves below the 100 so you just ignore that signal?
Also, what is your stop management?
Seems a bit like the normal problems with moving average crossovers, same as the Ts/Ks cross, which is that it lags.Ignored
DislikedIt's all very well posting a textbook example but how would you have dealt with this area on cable?
Short, long, short, long, etc. If you go short when price is under the 100EMA, the 13/33 EMA cross will always be above the 100EMA. More often than not you get the 13/33 cross well before price moves below the 100 so you just ignore that signal?
Also, what is your stop management?
Seems a bit like the normal problems with moving average crossovers, same as the Ts/Ks cross, which is that it lags.
2nd image shows another false signal:Ignored
DislikedHi everyone,
Just a note to remind everyone that Vic lives in Egypt and is currently experiencing major social unrest and political uncertainty in his country.
The government there today has effectively shut off much of the internet including FB, Twitter, SMS and possibly some land line phones as well.
This likely means that amongst other things even FX trading is also being affected however I have not been able to confirm this.
Keep Vic and his family in your prayers everyone, they may need them!
4x.Ignored
DislikedVery nice, thanks for pointing that out, but look like we are trading against the trend here right?
By the way, can you share your pivot point indicator and template? I don't know how to hide the daily and weekly arrow like yours.Ignored
DislikedYou need to look at the big picture of what is going on in the pair first, you will get this by looking at the higher TF's Weekly, Daily H4 and H1 - where is price action in relation to the kumo.
You want H1 and H4 to indicate the same bias, with price TS KS and CS all either above the Kumo (LONG) or below the Kumo (SHORT).
Then look at Daily and weekly to see where they are, if Daily matches same bias as H1 and H4 this is a high probabilty trade. You are also checking the higher TF's for any S and R levels.
Price will ALWAYS follow the TS...Ignored
DislikedOk, so on the cable chart I posted, give reasons for not taking the trade, just out of practice for the method.
D1 trend
H4
H1 trend all up.
Now, if you had taken long trades, you would have been whipsawed out.
Ichi is a trend following strategy but you will get mushed during ranging periods - it's easy to say stay away from ranges but you don't know you're in a range until you have already taken a few trades. Placing a stop below the kumo will get you 2,3, or 4 losing trades before you get that trend winner to take you back to break even....Ignored
DislikedGreat post mate.
It has a lot to do with trading the first break too rather than subsequent ones, often by the time they all line up the move is running out of steam.
By only taking the first break there are less opportunities but also less risk, trading subsequent breaks with half positions cuts risk a lot.
Be careful marrying the EU short in the coming week. We are in a channel here 1.3470-1.3750. Daily closes outside these levels are needed to confirm continuation.
Again a reminder to everyone to keep Vic and his friends and family in you...Ignored
DislikedActually the EU short is a good example of considering the wider picture. On the Daily chart, there is a kumo breakout that then got pushed back. If you use fibs the 50-61.8 zone on the euro is one of the reasons as well as the extended up move...so, ichi would essentially tell you to go long at the top in a case like this - it isn't as simple as following the signals or cloud breakouts.
You know, for some reason, I always figure vic was japanese...must be the ichimoku link and the language
I dunno, I still have my doubts about the kumo...Ignored
DislikedMate I find the kumo breakout really effective but only the first one, often it's 4hr and 1hr in support with 15 or 30 entry as long as daily is in kumo or capped by longer term resistance.
Definitely not as simple as just waiting for a breakout. No substitute for screen timeIgnored
DislikedI dunno, I still have my doubts about the kumo calculations vs the reaction in the real market place.Ignored
DislikedI have a suggestion for you. If you have doubts and dont understand the system then STOP trading or learning about it. Use the thing that you understand and have confidence in. Without confidence you will only lose lose and lose more
you have no idea what ichimoku is for people of Japan its like Religion here. you know Japanese are known as best techincal traders in world, can you think of a reason why ?Ignored
Dislikedeg 2 head fakes in USDJPY, supposedly monitored by ichiomoku traders!Ignored
DislikedAs seen from my chart, the chikou is trapped in the kumo. When price broke out of the kumo, it was not a confirmed breakout until the chikou get out of the kumo.
Why? This is because chikou can get bounced off the senkou span A. You may want to wait for the chikou to get out of kumo for confirmation. Or better still, wait for price to break 81.16 for confirmation of trend continuation (chikou near price may also lead to consolidation).
Here is a good read up:
1. http://www.ichi360.com/?p=491
2. Download ichimoku world ebook ( http://www.ichimokuworld.com/1/post/...nload-now.html...Ignored