Ichimoku and price action

I still don't understand how to use Chinkou for analysis...

I like this setup on EC :

1. H1 : price below the cloud, tenkan and kijun ; tenkan < kijun
2. M30 : kijun bounce on kijun
3. M15 : hidden div, kijun bounce on kumo; price bounce on SSB : entry
4. H1 : which target ?

You will find on post 1 many material posted by Tyross with examples, videos and tutos in pdf.

You must combine chikou with all the other components of Ichimoku.

When chikou is below the "past" price (close candle) the setup on "actual" price is bearich, and
when chikou is above the "past" price (close candle) the setup on "actual" price is bullish.

See example post 222 on how chikou interacts with other component of Ichimoku (tenkan, cloud ...)

Hope this help.

I like this setup : Ichi H4 and D1 bullish, entry H1 and M30 when price bounce on support D1 SSB and D1 kijun. D1 : chikou have bounced on SSA-D1 and price.

Ichimoku was founded in 1930 at that time we have only stock market no forex since its calculation are based on price stock market movement will differ from forex

forex is an range bound only check in monthly not in daily or weekly when you compare in stock you can check share value will be increasing like face book and so many

so how we can trade inchimoku in forex

normally people use ichimoku as trend following system but ichimoku also provide reversal of trend so i choose for trend reversal or correction of trend

the big clue i found is kumo thickness ans senku span b forms an strong straight line

Dear All
You can get any about the EG ?

Interesting stuff.
You could also use Range bars to trade ichi :
( Another Ichimoku thread)
https://www.forexfactory.com/showthread.php?t=583609

#Tyross. Are you still trading well with ichimoku?

how to calculate numbers of candles is there any indicator ???
?

What is the best book to learn ichimoku ?

[quote = Nydhalgh; 12895891] Qual è il miglior libro per imparare l'ichimoku? [/ quote]
https://www.pdfdrive.com/ search ichimoku best pdf

[quote = Nydhalgh; 12895891] Qual è il miglior libro per imparare l'ichimoku? [/ quote]

[quote = robysunnen; 12900470] [quote = Nydhalgh; 12895891] Qual è il miglior libro per imparare l'ichimoku? [/ quote] {image} [/ quote]

[quote = robysunnen; 12900472] [quote = robysunnen; 12900470] [quote = Nydhalgh; 12895891] Qual è il miglior libro per imparare l'ichimoku? [/ quote] {image} [/ quote] [/ quote]

...I am late for this answer ...!

I use ichimoku every day, throughout my trading sessions: I trade the excess of the price of small time frames against supports or resistances of the ichimoku of very higher time frames (coefficient x 5 minimum). I never look at the ichimoku of the time frame displayed on the screen, it is of no use to me: its levels are too low to validate a reversal on an excess of the price.

Ichimoku allows you to find excellent horizontal levels, very easily, and objectively. It is an extraordinary tool, which can be used in many different ways and provide many services. We do not have to use this system in the conventional way to find practical benefit.

Yes -another approach is to dismantle ichi and just use one line. ( Look at video but ignore his other talk of indicators and focus on the one line only found near end of video)
He also shows, in another video, how to use %R indicator with it, ( reverses the accepted way of using it)
Ichimoku is a very useful guide. Lots of ways of using it. But price action is king.

The excess price can be assessed in many ways. Mine mainly involves two simple moving averages: 25 and 50. It is an approach on which I have long experience, with many hours of observation. It is very important: to learn the markets always on the same tools, for a long time and not to change them every three days ... A good worker works well with tools that he knows perfectly.

I do not wish to explain this 25-50 method. It belongs to me and has required too much work.

But ichimoku and my 8-5-3 stochastic are old friends

Dr. Tyross . . . I am amazed with your forum. I have looked over Ichimoku 'basics' numerous times but always felt I did not know quite enough to make it a steady winner.

But . . . you have pulled aside the veil hiding the next level of Ichimoku guidance.

I suppose I was a bit lucky to find you but so glad I did.

THANK YOU for your sharing which, sadly, appears to have not been utilized by too many traders.

There is a lot to assimilate here, and it will take some time, but I will start with a smaller number of excellent suggestions and apply them to trading gradually adding more content from your site.

With best regards to you, FS

Hello again, Dr. Tyross.

Well, I finally got to review posts #104 and 138 on scalping. Honestly, I have never been able to be consistent with scalping, but in reviewing your approach in these two posts, I am very encouraged.

I can't sit in front of the charts for hours on end, but I can be around near the start of the NY open. In a small and simple test over a couple of weeks, and applying the ideas of 104 and 138, I found consistent winners. A day of successful trading could be made up of 2-4 of these trades and often in a fairly short time period.

Further, stochastics typically agree with the scalp direction offering additional confirmation.

None of this is to diminish the worth of trading on greater timeframes and dropping down to an M1 or 5 or 15 for actual entry. I certainly plan to apply these concepts, although I will probably need to start with the H4 or H1 in the search for qualified action then dropping to a low tf.

So thank you again for sharing your wise observations even down to the scalping level.

FS

Salut Tyross, ça faisait longtemps

Je retrouve bien là ta façon de trader. Très intéressant et toujours très pointu. Je vais l'essayer...
Merci pour ce partage.