Hello Traders!
Having been an active trader since 2005, I have come across many trading methods, read a lot of trading books and studied countless forums in Forex Factory looking for a trading strategy that would best suit my trading style (trend trader). Like many people, I have even paid a lot of money for trading systems, trading rooms and software programs, all with limited success.
But of one of the most intriguing and free trading systems that caught my eye is the Ichimoku Kinko Hyo method. This method is widely known and there are a lot of websites and YouTube posts that go into great detail about it, but it seems there is still a lot of confusion and how to successfully use it.
I will admit to tinkering with the settings and using it in conjunction with various trading systems and philosophies in the past, again with limited success. So, I am going to use the system as it was intended without any modifications.
In my first ever thread on Forex Factory, I am going to post every single trade I take using the Ichimoku Kink Hyo system, win or lose. Once the trade has been closed, I will post the charts showing the entry point and the reason why the trade was taken, along with the reason the trade was closed. In addition, I established a Trade Explorer so all trades that are taken will be recorded and can be matched with the thread post. Trades will be taken on the 4 hour and daily time frames primarily.
The starting balance will be $3,000 US with trading set to begin 1/8/18.
The Only Chart Indicators Allowed in this Thread:
Metatrader 4 or 5 Ichimoku: Parameters set to 9, 28, and 52.
Metatrader ADX (Average Directional Indicator): Parameters – Period set to 14, applied to Close. I also have the levels set to 20 and 40.
Fractals.
Rules for this thread:
Since the focus of this thread is on the Ichimoku trading method, let’s work together to keep the thread as pure as possible. Please observe the following rules:
Having been an active trader since 2005, I have come across many trading methods, read a lot of trading books and studied countless forums in Forex Factory looking for a trading strategy that would best suit my trading style (trend trader). Like many people, I have even paid a lot of money for trading systems, trading rooms and software programs, all with limited success.
But of one of the most intriguing and free trading systems that caught my eye is the Ichimoku Kinko Hyo method. This method is widely known and there are a lot of websites and YouTube posts that go into great detail about it, but it seems there is still a lot of confusion and how to successfully use it.
I will admit to tinkering with the settings and using it in conjunction with various trading systems and philosophies in the past, again with limited success. So, I am going to use the system as it was intended without any modifications.
In my first ever thread on Forex Factory, I am going to post every single trade I take using the Ichimoku Kink Hyo system, win or lose. Once the trade has been closed, I will post the charts showing the entry point and the reason why the trade was taken, along with the reason the trade was closed. In addition, I established a Trade Explorer so all trades that are taken will be recorded and can be matched with the thread post. Trades will be taken on the 4 hour and daily time frames primarily.
The starting balance will be $3,000 US with trading set to begin 1/8/18.
The Only Chart Indicators Allowed in this Thread:
Metatrader 4 or 5 Ichimoku: Parameters set to 9, 28, and 52.
Metatrader ADX (Average Directional Indicator): Parameters – Period set to 14, applied to Close. I also have the levels set to 20 and 40.
Fractals.
Rules for this thread:
Since the focus of this thread is on the Ichimoku trading method, let’s work together to keep the thread as pure as possible. Please observe the following rules:
- All posts must pertain to the Ichimoku Kinko Hyo system only.
- No other methods and variations of Ichimoku.
- No other indicators on your charts. If you have a suggested indicator that may help other traders PLEASE private message me first.
- This includes moving averages, channels, patterns, etc.).
- All trade examples of Ichimoku must use the standard settings.
The purpose of this thread is to trade the Ichimoku method live, be transparent in my performance, learn more about it from others who are already successfully using it, and hopefully help others along the way. I am not a commercial operator, nor a provider of forex signals. The trades that will be posted in this thread are for educational purposes only.
Attached Image (click to enlarge)
Without vision, the people will perish.
