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Ichimoku forever

  • #821
  • Aug 25, 2009 9:42am Aug 25, 2009 9:42am
I have noticed something very interesting, may be it goes only with me , but all my loses were within the London session !!!!!! , all my wins were in the last couple of Hrs during the Tokyo session !!!!! , although all the deals i went with during London were according the rules and following the big picture !!!! , i have noticed several time before that the boys in london don't follow any rules , even last week when the Stock market with trending very good they kept capping the EUR !!!!!. i don't know but i hate themmmmmmmmmmmm

hehe
this is just a thought and i was the only one faced it , it might work with you , you might face the same or not , but i wanted to say and i did hehe

cheeers
  • #822
  • Aug 25, 2009 9:54am Aug 25, 2009 9:54am
Quoting vic_elc
I have noticed something very interesting, may be it goes only with me , but all my loses were within the London session !!!!!! , all my wins were in the last couple of Hrs during the Tokyo session !!!!! , although all the deals i went with during London were...
The only thing I might add to that is that perhaps during high volatility sessions (such as 7am-9am opening times for London & New York sessions) maybe it is better to work on smaller TFs for 10pip scalps because of the volatility. Smaller TFs allow you to be more flexible in changing direction, to suit the highly changing environment. Once New York opens and settles down by say 10-11am NY time, then its time to ride the longer TF wave...

Just a suggestion; anyone have a different approach to dealing with this?

Good night forexers I am tired today. See you tomorrow!

Chngster
Thank you Crucial Point, Bleek, Trizzle, Darkstar
  • #823
  • Aug 25, 2009 10:00am Aug 25, 2009 10:00am
Quoting chngster
The only thing I might add to that is that perhaps during high volatility sessions (such as 7am-9am opening times for London & New York sessions)
Just a suggestion; anyone have a different approach to dealing with this?

Good night forexers I am tired today. See you tomorrow!

Chngster
yes this is what i decided to do , actually i'll ignore London session will not work with those silly boys again . i'll only work during our usual lovely Tokyo session and NY session , wish you sweet dreams
cheers
  • #824
  • Aug 25, 2009 10:03am Aug 25, 2009 10:03am
oooo i forgot Chngster

----------------------Q------------------------
6 words: money management, money management, money management
---------------------UQ------------------------
  • #825
  • Aug 25, 2009 11:00am Aug 25, 2009 11:00am
Quoting chngster
A short trade for me, +31.

Entry was based on the fact that all TF under 30M were pointing the same way.

Unfortunately I had no exit strategy (don't really have a good one in mind), so I got out early.
Hey,

You're up 30+ pips and the real money is made joining the middle section of trends. Well done.
  • #826
  • Aug 25, 2009 8:23pm Aug 25, 2009 8:23pm
BIG BOYYZZZ
Any one was in this trade , i was in hehehe
cheeers
Attached Image (click to enlarge)
Click to Enlarge Name: EJ5Min.jpg Size: 54 KB
  • #827
  • Aug 25, 2009 8:28pm Aug 25, 2009 8:28pm
Quoting vic_elc
BIG BOYYZZZ
Any one was in this trade , i was in hehehe
cheeers

Vic,

Unfortunately not...just got back in. I trust you faired well with this one. what was your EP, SL, and TP's ? I will be looking for the next entry if any. How do you think this looks for E/J tonight ? I know you were thinking about just trading asia and US, are you still leaning that way ?

tia
L
  • #828
  • Aug 25, 2009 8:50pm Aug 25, 2009 8:50pm
Quoting vic_elc
yes this is what i decided to do , actually i'll ignore London session will not work with those silly boys again . i'll only work during our usual lovely Tokyo session and NY session , wish you sweet dreams
cheers
Yea, when I was learning and experimenting with box range breakout strategies on EUR/USD (i.e. NY Big Dog strategy) I've noticed very generally that:

(1) the asian session will start off gently, and accelerate & pick up a trend leading into London opening (7am-9am London time);

(2) the 7am-9am London session dynamics are irregular & less predictable and is highly likely to initially reverse the asian trend (eg. sometimes it will go for a very nice long rally in the opposite direction, and other times it will stall & reverse by 8am London time and resume the Asian trend) - in other words you may get a nice trend here but don't bet on it, if there's no trend you should be very cautious and use smaller Ichimoku TFs;

(3) during the 3 hour period between 9am London and 7am New York time, the same pattern of behaviour may be observed, except this period is a bit more quiet and more likely to result in range bound patterns (although I have seen a fair few 100+ drives in this period) - in ranging situations higher TFs are unlikely to confirm lower TFs;

(4) as we get closer to 7am New York and the American Big Dogs start readying to ride the English horse, the market will start to breakout in a trend which may generally last until 9am New York (BUT also bear in mind the effect of major news releases generally around 8.30am New York time which can, and have cut the trend in the past...). You may find that by now, the higher TFs will confirm your lower TFs...

I mean, all of these are general observations that we already know from our experiences, but in terms of timing and using multiple TFs to confirm your Tenkan-Kijun crossover signals, I think its important to acknowledge that market behaviour in and around these market session opening hours do behave in certain (predictable?) ways, and depending on what time it is you should tailor your approach for multiple TF confimration accordingly.

Agree or disagree and/or other comments?

Chngster
Thank you Crucial Point, Bleek, Trizzle, Darkstar
  • #829
  • Aug 25, 2009 8:52pm Aug 25, 2009 8:52pm
Quoting lionsden
Vic,

Unfortunately not...just got back in. I trust you faired well with this one. what was your EP, SL, and TP's ?
tia
L
Hello

check the Pic for my SL and my TP is 50 pip most of the time depending on the next level of S/R on higher TFs , i always put my SL below or above the Cloud+small buffer

and yes i'll try to do my best to avoid London session , all my loses were there i don't know why i follow all the rules but still lose when working during the English session

and my thoughts about EJ is that we still facing a pressure , so far the pair didn't manage to close above the daily Tenken and Kijun
so let's see what is going on this week and the picture might be clear
wishing you the best
cheers
Attached Image (click to enlarge)
Click to Enlarge Name: EJ5Min.jpg Size: 55 KB
  • #830
  • Aug 25, 2009 9:03pm Aug 25, 2009 9:03pm
Quoting chngster
Yea, when I was learning and experimenting with box range breakout strategies on EUR/USD (i.e. NY Big Dog strategy) I've noticed very generally that:

(1) the asian session will start off gently, and accelerate & pick up a trend leading into London opening (7am-9am London time);

(2) the 7am-9am London session dynamics are irregular & less predictable and is highly likely to initially reverse the asian trend (eg. sometimes it will go for a very nice long rally in the opposite direction, and other times it will stall & reverse by 8am London...
YES mate , i have noticed the same
1-most of the time they start slowly and then we see very nice trend i think anyone can jump with them after 2 Hrs with no indicators , just following the flow

2-7am-9am is very crazy period and you'r correct most of the time they fight the asian trend or they stall and then follow the flow again

3-4- NY is the time where the BIG BIG BIG Boys will work and all the news are out so it is very risky but if we managed to catch a trend there we might go with it for 200 pip , i have seen NY daily for the last 2 years and it is crazyyy but respectable and you can make good money with them as long as you avoid the crazy news and decide to enter upon higher TFs confirmation

keep it up
cheers
  • #831
  • Aug 25, 2009 9:04pm Aug 25, 2009 9:04pm
Quoting vic_elc
BIG BOYYZZZ
Any one was in this trade , i was in hehehe
cheeers
Excellent trade, well done mate.
Thank you Crucial Point, Bleek, Trizzle, Darkstar
  • #832
  • Aug 25, 2009 9:17pm Aug 25, 2009 9:17pm
Quoting vic_elc
Hello

check the Pic for my SL and my TP is 50 pip most of the time depending on the next level of S/R on higher TFs , i always put my SL below or above the Cloud+small buffer

and yes i'll try to do my best to avoid London session , all my loses were there i don't know why i follow all the rules but still lose when working during the English session

and my thoughts about EJ is that we still facing a pressure , so far the pair didn't manage to close above the daily Tenken and Kijun
so let's see what is going on this week and the picture...

Thanks Vic!
  • #833
  • Aug 25, 2009 9:30pm Aug 25, 2009 9:30pm
Do you guys have any s[ecial setting you use or just the standard 9,26,52?
  • #834
  • Aug 25, 2009 9:45pm Aug 25, 2009 9:45pm
Quoting operigote
Do you guys have any s[ecial setting you use or just the standard 9,26,52?
Hi there, unless otherwise stated everybody uses the standard settings. They were designed to be used on 9,26,52, have been tested to be effective time and time again, and are good enough as it is. If you want to do something extraordinary you could try a different setting, but based on collective experience I probably would not recommend it....

Chngster
Thank you Crucial Point, Bleek, Trizzle, Darkstar
  • #835
  • Aug 26, 2009 3:37am Aug 26, 2009 3:37am
Chngster
London is crazyyyyy, this is the session i must avoid , the moves are stupid no respect for any rule or any signal.do u work it mate ???!!! i don't think there is any kind of Indicator can help with this crazy boys hehe

cheeers
  • #836
  • Aug 26, 2009 3:42am Aug 26, 2009 3:42am
Quoting vic_elc
Chngster
London is crazyyyyy, this is the session i must avoid , the moves are stupid no respect for any rule or any signal.do u work it mate ???!!! i don't think there is any kind of Indicator can help with this crazy boys hehe

cheeers
I only trade the asian and U.S. sessions, plenty of pips to be had at those times. No need to fight the crowds or the madness.

Great explanation on how to use Ichimoku, Vic. This is the first time I have ever actually understood what the lines mean and how to exploit them for your own benefit. Thanks for taking the time.
  • #837
  • Aug 26, 2009 3:46am Aug 26, 2009 3:46am
Quoting magnumfreak
I only trade the asian and U.S. sessions, plenty of pips to be had at those times. No need to fight the crowds or the madness.

Great explanation on how to use Ichimoku, Vic. This is the first time I have ever actually understood what the lines mean and how to exploit them for your own benefit. Thanks for taking the time.
yes i was sayin yesterday that all my loses were during this stupid session , i swear to god i'll never look to it or work it again , the Asian and the US are good enough.
hope that Ichi is clear now
wishing you the best
cheers
  • #838
  • Aug 26, 2009 3:51am Aug 26, 2009 3:51am
Quoting vic_elc
Chngster
London is crazyyyyy, this is the session i must avoid , the moves are stupid no respect for any rule or any signal.do u work it mate ???!!! i don't think there is any kind of Indicator can help with this crazy boys hehe

cheeers
Gday Vic

I'm looking at every TF under 4H at the moment, and I don't see a good set-up happening. Like you say mate, let the trade come to you.

1M = strong down (Xovr below kumo)
5M = weak down (Xovr above kumo)
15M = weak up (Xovr below kumo)
30M = weak up (Xovr below kumo)
1H = neutral down (Xovr inside kumo)
4H = weak up (Xovr below kumo)

Too messy at the moment, I am staying on the sidelines...

Chngster
Thank you Crucial Point, Bleek, Trizzle, Darkstar
  • #839
  • Aug 26, 2009 4:01am Aug 26, 2009 4:01am
Quoting chngster
Gday Vic

I'm looking at every TF under 4H at the moment, and I don't see a good set-up happening. Like you say mate, let the trade come to you.

1M = strong down (Xovr below kumo)
5M = weak down (Xovr above kumo)
15M = weak up (Xovr below kumo)
30M = weak up (Xovr below kumo)
1H = neutral down (Xovr inside kumo)
4H = weak up (Xovr below kumo)

Too messy at the moment, I am staying on the sidelines...

Chngster
this is Madness pure madness even the God of the Kumo will not help with this crazy English boys , am joining you mate let's have a cup of coffee and watch TV hehe
cheers
  • #840
  • Aug 26, 2009 4:11am Aug 26, 2009 4:11am
Quoting chngster
Gday Vic

I'm looking at every TF under 4H at the moment, and I don't see a good set-up happening. Like you say mate, let the trade come to you.

1M = strong down (Xovr below kumo)
5M = weak down (Xovr above kumo)
15M = weak up (Xovr below kumo)
30M = weak up (Xovr below kumo)
1H = neutral down (Xovr inside kumo)
4H = weak up (Xovr below kumo)

Too messy at the moment, I am staying on the sidelines...

Chngster
Vic it's a summary like this that Monitor should give?
More qualitative than quantitative? All that numbers are really useful?
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