where can I find Ichimoku? | Forex Factory

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where can I find Ichimoku?

  • #1
  • First Post: Nov 29, 2006 11:52pm Nov 29, 2006 11:52pm
hi everyone..
im new here, anyone can help me how to use ichimoku?
  • #2
  • Nov 30, 2006 12:22am Nov 30, 2006 12:22am
it's in the interbank fx demo as an indicator.
"i wake up in the morning, and i piss excellence"
  • #3
  • Nov 30, 2006 12:29am Nov 30, 2006 12:29am
Quoting ravindra_dsa
hi everyone..
im new here, anyone can help me how to use ichimoku?
Try this article: http://www.investopedia.com/articles...6/ichimoku.asp
  • #4
  • Nov 30, 2006 12:30am Nov 30, 2006 12:30am
I use it to find good support and resistance but I don't know how to come up with good entry or exit. You can find it in any MT4 package ... not just InterbankFX
  • #5
  • Nov 30, 2006 6:39am Nov 30, 2006 6:39am
IFR (FXCM's) News mentions ichimoku cloud for support / resistance on USDJPY (and possibily other JPY pairs, can't remember) but not on european ones.

So I think maybe the Japanese use this indicator much more than the west. Which would make sense since it was invented there a long time ago.

So it might be most applicable to JPY pairs. I guess.
  • #6
  • Nov 30, 2006 8:41am Nov 30, 2006 8:41am
Quoting ravindra_dsa
hi everyone..
im new here, anyone can help me how to use ichimoku?
Hi it`s one of the best indicators out there if you can use it properly. It works well with JPY crosses and majors as well. Try searching on this and other forums for ichimoku threads you will find some valuable info regarding ichimoku trading. It can be used as a standalone trading system but a I found that the most reliable part of it is the cloud. Not just acting as S/R zones but for determining the trend. If the price is below the cloud, it means that we have a downtrend and vice versa. At first you will find it a bit confusing but after some practice you will see how precisly it describes the overall happening in the market.
Note how hard it is for the price to penetrate the cloud and once it is within the cloud the boundaries of the cloud act as S/R. If the price mades it through the cloud then a trend change is highly probable.
Attached Image
  • #7
  • Nov 30, 2006 9:03am Nov 30, 2006 9:03am
Besides the support/resistance provided by the cloud formation, the following setup signals are provided by this indicator

"A bullish signal is issued when the Tenkan-Sen (green line) crosses the Kijun-Sen (purple line) from below. On the other hand, a bearish signal is issued when the Tenkan-Sen crosses the Kijun-Sen from above.
Moreover, there are, in fact, different levels of strength for the buy and sell signals of an Ichimoku chart.

First, if there was a bullish crossover signal and the crossover occurred above the Kumo (or clouds), this would be considered a very strong buy signal (indicated with three green up arrows). In contrast, if there was a bearish crossover signal and the crossover occurred below the Kumo, this would be considered a very strong sell signal (indicated with three red down arrows, as above).

Secondly, a normal buy or sell signal would be issued if the crossover took place within the Kumo (or clouds). These signals would be indicated with two green up arrows, for a buy signal, and two red down arrows, for a sell signal.

Thirdly, a weak buy signal would be issued if there was a bullish crossover that occurred below the Kumo (or clouds). This is indicated with only one green up arrow (as above). On the other hand, a weak sell signal would be issued if there was a bearish crossover that occurred above the Kumo. This is indicated with only one red down arrow."

It can be very accurate for the longer timeframes, daily and longer.
Understanding is a three-edged sword
  • #8
  • Dec 1, 2006 2:28am Dec 1, 2006 2:28am
tahnks for the clue!
any info for chinkou span?
Quoting JimmyJoe
Hi it`s one of the best indicators out there if you can use it properly. It works well with JPY crosses and majors as well. Try searching on this and other forums for ichimoku threads you will find some valuable info regarding ichimoku trading. It can be used as a standalone trading system but a I found that the most reliable part of it is the cloud. Not just acting as S/R zones but for determining the trend. If the price is below the cloud, it means that we have a downtrend and vice versa. At first you will find it a bit confusing but after some practice you will see how precisly it describes the overall happening in the market.
Note how hard it is for the price to penetrate the cloud and once it is within the cloud the boundaries of the cloud act as S/R. If the price mades it through the cloud then a trend change is highly probable.
  • #9
  • Dec 1, 2006 2:33am Dec 1, 2006 2:33am
thanks for the clue..
any info for entry, target and proportional stop?


Quoting thatchman
Besides the support/resistance provided by the cloud formation, the following setup signals are provided by this indicator

"A bullish signal is issued when the Tenkan-Sen (green line) crosses the Kijun-Sen (purple line) from below. On the other hand, a bearish signal is issued when the Tenkan-Sen crosses the Kijun-Sen from above.
Moreover, there are, in fact, different levels of strength for the buy and sell signals of an Ichimoku chart.

First, if there was a bullish crossover signal and the crossover occurred above the Kumo (or clouds), this would be considered a very strong buy signal (indicated with three green up arrows). In contrast, if there was a bearish crossover signal and the crossover occurred below the Kumo, this would be considered a very strong sell signal (indicated with three red down arrows, as above).

Secondly, a normal buy or sell signal would be issued if the crossover took place within the Kumo (or clouds). These signals would be indicated with two green up arrows, for a buy signal, and two red down arrows, for a sell signal.

Thirdly, a weak buy signal would be issued if there was a bullish crossover that occurred below the Kumo (or clouds). This is indicated with only one green up arrow (as above). On the other hand, a weak sell signal would be issued if there was a bearish crossover that occurred above the Kumo. This is indicated with only one red down arrow."

It can be very accurate for the longer timeframes, daily and longer.
  • #10
  • Dec 1, 2006 3:11am Dec 1, 2006 3:11am
The Chikou Span (or Lagging Span) is a line which can be used to determine the strength of the buy or sell signal. If the Chikou Span is below the closing price for 26 periods ago and a sell signal is issued, then the strength is with sellers, otherwise it is a weak sell signal. Conversely, if there was a buy signal and the Chikou Span is above the price for 26 periods ago, then there is strength to the upside, otherwise, it can be considered a weak buy signal.

As for profit target, either calculate a reasonable risk/reward ratio from the entry point, or ride the tride out until the indicator gives a signal in the opposite direction, this way you will always be in the market, sometimes giving away pips on shorter trades but catching the big ones when they happen.

May the Span be with you.
Understanding is a three-edged sword
  • #11
  • Dec 1, 2006 3:32am Dec 1, 2006 3:32am
Quoting ravindra_dsa
thanks for the clue..
any info for entry, target and proportional stop?
Entry signals are those described by thatchman in post #7. Another and I found to be the most reliable is when price after penetrating the kumo closes above or below it - it is very likely that it will continue that way.

Unfortunately ichimoku will give you no clue about targets.

You can use the boundaries of the cloud as SL but be careful if doing so.
  • #12
  • Jan 17, 2007 7:20am Jan 17, 2007 7:20am
Quoting JimmyJoe
Entry signals are those described by thatchman in post #7. Another and I found to be the most reliable is when price after penetrating the kumo closes above or below it - it is very likely that it will continue that way.

Unfortunately ichimoku will give you no clue about targets.

You can use the boundaries of the cloud as SL but be careful if doing so.
Actually, Ichimoku gives you very clear targets. This is primarily done via the chikou span, though other structures within Ichimoku can also be used (e.g.: senkou span A, B, kumo shadows, etc.). There is a lot of misinformation out there about Ichimoku, unfortunately, which is something I am trying to change as I specialize in analysis for the Forex market with this charting system.

Drop by my dedicated Ichimoku Kinko Hyo forum and I think you'll find all the answers you need about this charting system: www.boersmaandhunt.com/kumotrader_forum.

I am also working on the finishing touches to an Ichimoku Wiki which will serve as a complete and in-depth reference for traders new to this system. I'm hoping to have that out in about 2 weeks and will update this post with the address.

Best,

Ian
  • #13
  • Feb 9, 2007 10:36am Feb 9, 2007 10:36am
Hello all,

I've finished creation of the very first wiki dedicated to the study of Ichimoku Kinko Hyo. If you are tired of hunting around the Net trying to patch together the scant information on this amazing charting system, this wiki will be like a breath of fresh air as it goes into depth about Ichimoku Kinko Hyo, its foundations, its technical make-up, and its application to the Forex. Trading strategies are also covered in exhaustive detail, complete with rules around entries, stop-loss placement and take profit points.

Don't worry - the wiki is a 100% free resource for any and all to use to learn more about Ichimoku, so don't get the idea I'm selling anything here. I'm just very excited to be able to release this resource after compiling my experience with this system along with that of my partner, Vincent Hunt, as we both are dedicated Ichimoku Kinko Hyo analysts.

Check it out! www.boersmaanhunt.com/ichimoku_wiki

Best,

Ian
  • #14
  • Feb 9, 2007 4:17pm Feb 9, 2007 4:17pm
Quoting iboersma
Hello all,

I've finished creation of the very first wiki dedicated to the study of Ichimoku Kinko Hyo. If you are tired of hunting around the Net trying to patch together the scant information on this amazing charting system, this wiki will be like a breath of fresh air as it goes into depth about Ichimoku Kinko Hyo, its foundations, its technical make-up, and its application to the Forex. Trading strategies are also covered in exhaustive detail, complete with rules around entries, stop-loss placement and take profit points.

Don't worry - the wiki is a 100% free resource for any and all to use to learn more about Ichimoku, so don't get the idea I'm selling anything here. I'm just very excited to be able to release this resource after compiling my experience with this system along with that of my partner, Vincent Hunt, as we both are dedicated Ichimoku Kinko Hyo analysts.

Check it out! www.boersmaanhunt.com/ichimoku_wiki

Best,

Ian
Tried clicking the link, and all I got was page not available.

A gremlin lurks, methinks.
  • #15
  • Feb 9, 2007 4:32pm Feb 9, 2007 4:32pm
Quoting eyevoltage
Tried clicking the link, and all I got was page not available.

A gremlin lurks, methinks.
Sorry - Our ISP just installed some new "grid" servers and we've had a couple of short interruptions in service due to this. They seem only to last a couple of minutes, in general. I am in touch with them about this and hope to have it completely resolved within the next week.

Either way, please give it about 15 minutes or so and try clicking the link again as it is the correct URL.

Best,

Ian
  • #16
  • Last Post: Edited 8:29am Sep 27, 2009 8:24am | Edited 8:29am
One is by Brian Dolan and the other is by Cornelius Luca. They're in pdf format; the Luca article has better charts.

OH yeah, and this is a link to an online pdf of the Luca article.

Attached File(s)
File Type: pdf A+ - Currency Trading with Ichimoku Kinkou-Hyo Cornelius Luca (6 pgs).pdf   561 KB | 1,408 downloads
File Type: pdf FOREX - trading with clouds - ichimoku.pdf   163 KB | 900 downloads
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