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Ichimoku forever

  • #221
  • Aug 17, 2009 12:12pm Aug 17, 2009 12:12pm
us/jpy weekly is at the bottom of the cloud but it gets messy in the lower time frames.

gbp/us is trying to turn up. Bearish down to 5 which is bullish but time of day makes me think it will end up choppy.

eur/usd is not much better.

the dragon has too big a spread for me to day trade and I may not ever take a 5m on it anyway. lol
  • #222
  • Aug 17, 2009 12:25pm Aug 17, 2009 12:25pm
i can see that the USD JPY is trading under Kijun line today and this will add a pressure to the down trend
i also see a cross on the usd jpy weekly chart , as i mentioned before a lot of people are waiting for toping sign on the JPY crosses , it might be happening now but better to stay aside let the market decide

keep it up
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  • #223
  • Aug 17, 2009 12:33pm Aug 17, 2009 12:33pm
I think I will wait for late asian session and trade through early euro to UK. I will be watching eur/us, eur/jpy, gbp/us, us/jpy.

I may watch aud/us later too.

Good luck all if you take any trades before I come back online. Great thread Vic, I'm getting an education here. Please keep posting your tips, they are helpful.
  • #224
  • Aug 17, 2009 12:41pm Aug 17, 2009 12:41pm
Quoting calderone
I think I will wait for late asian session and trade through early euro to UK. I will be watching eur/us, eur/jpy, gbp/us, us/jpy.
i think the Japanese will do this move , it seems NY will be choppy today .
i have no deals i hunted 27 pips early today and am out , the chart is not encouraging for any deal for me . also it was a good idea to stay aside from the last EJ short.

i hope that the forecasting is easier now and we started to feel the market and decide when to enter

keep it up
  • #225
  • Aug 17, 2009 1:05pm Aug 17, 2009 1:05pm
thanks you all for this wonderful winning Monday , i have to sleep now i've been awake for a long time , i'll be back around 4AM GMT , keep posting and keep asking i'll make sure to answer all your questions once i wake up
wishing you all the best.
keep it up biggg boyzzzzz

P.S. if you are asking about the TF i use or the signal i go with you may check the first 2 pages on the thread they will give you an idea
  • #226
  • Aug 17, 2009 9:51pm Aug 17, 2009 9:51pm
I'm back and looking around. Looks like I missed a bullish move on eur/jpy.
  • #227
  • Aug 17, 2009 10:09pm Aug 17, 2009 10:09pm
Hi vic

+114 green pip on GJ M 5 BASED ON cross over the cloud and other conditions met as well as at the time of entry the one hour candle was sitting on top of tenken sen

The entry was after us close and left the contract to run overnight with 150 pip SL

cheers
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  • #228
  • Aug 17, 2009 10:13pm Aug 17, 2009 10:13pm
Good morning peopleeeeeeeeee

i see another winning day is coming

harigp congrats my friend keep it up

Samer how many pips so far??? 30000000 or more

Calderone wuz up man

wish you all the luck , wish me luck also

cheeeeeeeeeers
  • #229
  • Aug 17, 2009 10:24pm Aug 17, 2009 10:24pm
Quoting vic_elc
Good morning peopleeeeeeeeee

i see another winning day is coming

harigp congrats my friend keep it up

Samer how many pips so far??? 30000000 or more

Calderone wuz up man

wish you all the luck , wish me luck also

cheeeeeeeeeers
Hi bros do you sleep at all.Thanks for the thread and i wish more pips
  • #230
  • Aug 17, 2009 10:37pm Aug 17, 2009 10:37pm
Quoting shuaib
Hi bros do you sleep at all.Thanks for the thread and i wish more pips
Good Morning Bro

hahahahahah, yes u do sleep man , i slept like 8 Hrs today and like 4 Hrs yesterday , and i don't sleep in weekends hehehe , kidding my friend
keep it up
wish you luck
  • #231
  • Aug 17, 2009 10:38pm Aug 17, 2009 10:38pm
Quoting harigp
Hi vic

+114 green pip on GJ M 5 BASED ON cross over the cloud and other conditions met as well as at the time of entry the one hour candle was sitting on top of tenken sen

The entry was after us close and left the contract to run overnight with 150 pip SL

cheers
That was a great trade!
  • #232
  • Aug 17, 2009 10:42pm Aug 17, 2009 10:42pm
Vic,
Do you reccomend using sell/buy stops to enter or do you use instant execution?

Just curious.
  • #233
  • Aug 17, 2009 10:44pm Aug 17, 2009 10:44pm
Quoting harigp
Hi vic

+114 green pip on GJ M 5 BASED ON cross over the cloud and other conditions met as well as at the time of entry the one hour candle was sitting on top of tenken sen

The entry was after us close and left the contract to run overnight with 150 pip SL

cheers
When that cross happened on M5, the price was under the cloud on M15 and M30 which means you actually traded against the trade and also against the rules. Remember what Moody wrote in his first post:

" I think we lose because of 2 major reasons

1-watching only our 5 min chart and ignore the higher TFs and this will isolate us from the real market and the main trend so we will deal against the market for at least 40% of our deals and we will lose them"

You may not be lucky next time.
  • #234
  • Aug 17, 2009 10:46pm Aug 17, 2009 10:46pm
the kijun sen is straight as a board on the 4 pairs I am watching. Is it acting like a magnet to price?
  • #235
  • Aug 17, 2009 10:50pm Aug 17, 2009 10:50pm
Quoting calderone
Vic,
Do you reccomend using sell/buy stops to enter or do you use instant execution?

Just curious.
i go with a market order, so once i see the cross i press the buy or sell
and then set SL and TP and keep watching the deal to move my stop

Cheers
  • #236
  • Aug 17, 2009 10:51pm Aug 17, 2009 10:51pm
Quoting vic_elc
i go with a market order, so once i see the cross i press the buy or sell
and then set SL and TP and keep watching the deal to move my stop

Cheers
Gotcha. Looks like gbp is breaking below, eur may be pulled with it eventually due to correlation.
  • #237
  • Aug 17, 2009 10:55pm Aug 17, 2009 10:55pm
Quoting Blackeagle
When that cross happened on M5, the price was under the cloud on M15 and M30 which means you actually traded against the trade and also against the rules. Remember what Moody wrote in his first post:

" I think we lose because of 2 major reasons
"
You may not be lucky next time.
yes you are completely correct , but all the day yesterday the market was fighting a BIG BIG BIG Support and couldn't break through it during NY so the rejection was expected to be very good.
but if i was there i was not going to enter this deal , or i was going to have like 30 pips and get out
when the signal happens this means that we are going to the next level of R/S even if it was on the 5 Mins, but once the price reached the 1Hrs or the 4Hrs Resistance level it will stop .

i pref to follow my rules in my deals so i minimize my loses

wish you all luck , keep it up
  • #238
  • Aug 17, 2009 10:58pm Aug 17, 2009 10:58pm
Quoting calderone
the kijun sen is straight as a board on the 4 pairs I am watching. Is it acting like a magnet to price?

very very very very good point , you Know that there is a theory called rubber band , this theory is mostly used by the swing traders , it is like a center point attract the price to it so the work upon the swing around this point , our lovely Kijun Do the same exactly , so as long as Kijun is flat a pull back towards it is expected

remember when i told you once we are with Ichi we will not use any other silly indicator , enjoy iCHIIIIIIIIIII
  • #239
  • Aug 17, 2009 11:05pm Aug 17, 2009 11:05pm
I will give my 2 cent analysis that on short term we have a little consolidation as long as the kijun sen is flat and we are in or very near the cloud cover. If you look at gbp on 5 min the cloud says bearish (leading) although it is below a bullish cloud. The kijun is flat and price keeps going up and down.

I am trying to watch other pairs and keep my thoughts on the higher time frame sentiment.
  • #240
  • Aug 17, 2009 11:07pm Aug 17, 2009 11:07pm
another wonderful point with Ichi ,
People who use the MACD always say a famous word , we have a top in place or we have a Low in place , they know that they have one of them when they see a crossing in the MACD above or below signal line

but we Ichi traders don't need MACD to tell us there is a top or a low
simply once the price close below Tenken we know directly that we have a TOP in PLACE and vise versa

this words were written in a very respectable site ( actionforex )
--------------------------Q------------------------------
Aug 11 09 15:15 GMT |
EUR/JPY Mid-Day Outlook

Daily Pivots: (S1) 136.62; (P) 137.64; (R1) 138.36; More.

EUR/JPY's fall from 138.70 extends further today and reaches as low as 135.35 so far in early US session. Note that a short term top should be in place with bearish divergence conditions in 4 hours MACD and RSI as well as breaking of near term trend line support. Further decline should be seen to 132.77 support and below
-------------------------UQ------------------------------
check it your self http://www.actionforex.com/action-in...2009081193679/

Ichi told us this wihout using a MACD or RSI or any other silly weird Indicator as shown in the pic

cheeeeers
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