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Ichimoku forever

  • #841
  • Aug 26, 2009 4:17am Aug 26, 2009 4:17am
Quoting wolfan71
Vic it's a summary like this that Monitor should give?
More qualitative than quantitative? All that numbers are really useful?
yes wolfan this is actually the summary from you monitoring Indic, it is wonderful man , i have sent you a PM , i hope you like the idea in my mind , i can share it here with the Big Boyyz also , it is all about the Complete signal
only 3 signals in our monitoring and the strength of each
Kijun+Tenken Cross//Price VS Kumo//Span VS Price ,
my point of view is that if we have this 3 Signals only in our monitoring it will point us directly to our next action, it is the same as the charts i post , only the complete strong signal
check it and see if it works for you or u like it , if so please do the MAGIC
wishing u a lovely day
  • #842
  • Aug 26, 2009 4:31am Aug 26, 2009 4:31am
Quoting wolfan71
Vic it's a summary like this that Monitor should give?
More qualitative than quantitative? All that numbers are really useful?
Let's not throw the baby out with the bathwater...the monitor is definately useful but ultimately nothing will be a substitute for your personal judgement.

To highlight a deficiency in the monitor for example, everything on the monitor for 5M is SHORT (and there is a DOWN signal), but it doesn't take into account the fact that right now;
(1) the kijun flatline has actually stepped UP;
(2) we are approaching a senkou flatline sitting +15/+20 above the price action (which acts as a zone of attraction UP);
(3) how long ago the crossover happened; or
(4) how close or far the crossover happened in relation to the kumo.

There are also certain other things like for example if price is in the middle of a kumo, the monitor cannot analyse the diagonal bandwidth of the kumo, or see how close we are thru to the other side....again something like this requires human judgement. These are some examples of what the Monitor cannot do; only you can exercise judgement by visually checking these....This is why I still have 6 screens open (1M to 4H) on 1 screen, and your Monitor on a 2nd screen.

However, lets not forgot the Monitor is very useful for getting a immediate feel of the overall situation by summarising multiple TFs on 1 single screen...after that it's up to you to open your charts to get a more comprehensive understanding.

Chngster
Thank you Crucial Point, Bleek, Trizzle, Darkstar
  • #843
  • Aug 26, 2009 4:36am Aug 26, 2009 4:36am
Quoting chngster
Let's not throw the baby out with the bathwater...the monitor is definately useful but ultimately nothing will be a substitute for your personal judgement....
yes, this one of the main reason i think we can use the monitor to point for the strong complete signal only , same for me still have all the TFs on my screen and the Monitoring is only on the 5 min just to give a quick view of what might be happening in the others,we still must use our mind to decide and analyze , but still i think if it could point to the strong complete signal it will be very useful
  • #844
  • Aug 26, 2009 4:49am Aug 26, 2009 4:49am
Quoting vic_elc
yes, this one of the main reason i think we can use the monitor to point for the strong complete signal only , same for me still have all the TFs on my screen and the Monitoring is only on the 5 min just to give a quick view of what might be happening in the others,we still must use our mind to decide and analyze , but still i think if it could point to the strong complete signal it will be very useful
Speaking of alerts regarding complete signals: the other issue is also whether the alarm should only go off if you have complete strong signals on (1M+5M), or (1M+5M+15M), etc. Maybe this feature could be user definable... Some people like the lower TFs, others work only the high TF with different money management.

If we can incorporate an audio alarm (if that's even possible, or somehow make the screen go into psycho LSD acid trip colours...haha) that would be AWESOME, because you could in theory watch TV for 35-50 mins without worrying too much about missing the crucial moment...

Just some ideas.

Chngster
Thank you Crucial Point, Bleek, Trizzle, Darkstar
  • #845
  • Aug 26, 2009 4:56am Aug 26, 2009 4:56am
Quoting chngster
Speaking of alerts regarding complete signals: the other issue is also whether the alarm should only go off if you have complete strong signals on (1M+5M), or (1M+5M+15M), etc....
i think we can have somthing like the signals section in the Ichi monitoring and it shows only the strong signals on all the TF, Eg; if strong long on 1Hr it might write only Buy on 1hr else it will ignore, and this can be on all TFs also ,so it will only write or show the strong signal and will ignore any other signals . and i'll go with the LSD Trip as an alert hahaha
any other ideas ??!!!
  • #846
  • Aug 26, 2009 8:22am Aug 26, 2009 8:22am
Take a look at this. At the moment can't be used on the same chart with ichimoku monitor
Attached File(s)
File Type: ex4 Ichimoku_Signal.ex4   54 KB | 870 downloads
  • #847
  • Edited 9:08am Aug 26, 2009 8:55am | Edited 9:08am
Is anyone in it live tonight so far? I think there may have been a half-change to short about an hour ago on the 5M, on the basis it lined up with the 15M and 30M. Rally was about 48pips, but I stayed out.

Chngster
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Thank you Crucial Point, Bleek, Trizzle, Darkstar
  • #848
  • Edited 10:09am Aug 26, 2009 9:48am | Edited 10:09am
Went in on a risky trade (only 1M + 5M lined up), got tapped out for -17pips.

Lucky I downsized my lot order to 0.03 for this one....lost $7.

EDIT: That's it for me tonight, it's not going anywhere I want... Good night forexers, tomorrow's another trading day...

EDIT 2: Looks like I should have been looking at GBP/USD tonight, very nice strong SELL signals across all TFs for the win! There's a lesson for next time - don't be too focused on your favourite currency pair because there might be really good chances you're missing out on else where!! Good night all.

Chngster
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Thank you Crucial Point, Bleek, Trizzle, Darkstar
  • #849
  • Aug 26, 2009 10:43am Aug 26, 2009 10:43am
Hi! fellows traders,

Those who trade eur/usd be careful 4hour chart. we have 200 ema and kumo are just below price action. Now, the bigs boys go to lunch.
The low of the day of eur/usd is M1 of daily pivot point and price is reached that level mean price will retrace or reverse.

Have a nice day
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Being a fxtrader is not easy. Ones must working hard.
  • #850
  • Aug 26, 2009 10:47am Aug 26, 2009 10:47am
Quoting wolfan71
Take a look at this. At the moment can't be used on the same chart with ichimoku monitor

it is awesome , but it doesn't show the history , i mean that i have a strong signal on the 30 mins from 3 Hrs ago but it didn't show it now, can you check this issue please
thanks for your great efforts my friend
wishing you all the luck
cheers
  • #851
  • Edited 1:31pm Aug 26, 2009 1:30pm | Edited 1:31pm
Quoting wolfan71
Take a look at this. At the moment can't be used on the same chart with ichimoku monitor
wolfan71,

Having the Ichimoku Signal send an email alert would be really useful too, if you have the time and inclination to put it in. Then you could venture a little farther away and not miss opportunities.

Love the Ichimoku Monitor by the way.


Regards,

knickalls
  • #852
  • Aug 26, 2009 2:15pm Aug 26, 2009 2:15pm
HI Wolfan,

Just a massive note of thanks for the work you are doing here.

Can't wait to see the finished product. I have a trading system that I run on vtrader and these 3 issues about it are worth considering regarding the ichi systrem you're working on.

You cannot turn off the alarm once a potential trade signal initiates - very annoyinG
Shows an arrow above for bearish and below for bullish signal - very clear and easy to read
Sends and email notification and also an ICQ or messenger notification - these are really great

I agree with the other guys regarding there being no substitute for a final human eye running across any potential signals however this will be really great.

Maybe a short checklist of potential things that could negate a trade could be added as individual criteria that are displayed in a pop up dialogue box to check as a final reminder - this would just have a check box to stop it being annoying for those who don't need the reminding

I am sure Vic et al can provide a short list of key variables that can be displayed in a check list.

Sorry if my grammar is bad, I am on a train using an Eee PC and my hands are too big for this keyboards :-)

Great work!!

Cheers
  • #853
  • Aug 26, 2009 8:09pm Aug 26, 2009 8:09pm
The Asian dragons have driven this thing down since 8am Tokyo today, nice short signals generated around that time for TFs below 1H. At work at the moment, so couldn't take advantage.... hopefully one of you jumped on board!

Chngster
Thank you Crucial Point, Bleek, Trizzle, Darkstar
  • #854
  • Aug 26, 2009 9:24pm Aug 26, 2009 9:24pm
Hi! fellows traders,

There is my technical analysis for e/y the coming session of london.

- 4 hour chart : price breaks the bottom of kumo confirmed by the bearish kumo future

- 1 hour chart : a doji is formed at the end of down run. I expect price will retrace upward probably to the areas of the 21 ema ( red line)

- 15 min chart : I will wait for price retraces to the central daily pivot point from midnight to midnight EST

Hoping this analysis will be correct as planned in advanced

bye
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Being a fxtrader is not easy. Ones must working hard.
  • #855
  • Edited 12:53am Aug 27, 2009 12:35am | Edited 12:53am
Quoting chngster
The Asian dragons have driven this thing down since 8am Tokyo today, nice short signals generated around that time for TFs below 1H. At work at the moment, so couldn't take advantage.... hopefully one of you jumped on board!

Chngster
Don't worry mate Big Boyzz ar always eyes wide open hehe i'll never miss a signal like this with the dragons, actually i decided to work only with th dragons , i got my 50 very early today,i'll enjoy ma day like crazy hehe
cheers
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  • #856
  • Aug 27, 2009 1:00am Aug 27, 2009 1:00am
If you think that the guys using Elliot wave can forecast and deal better than us
check this out and think again

http://www.actionforex.com/action-in...2009082694718/


cheeers
  • #857
  • Aug 27, 2009 1:42am Aug 27, 2009 1:42am
Quoting vic_elc
If you think that the guys using Elliot wave can forecast and deal better than us
check this out and think again

http://www.actionforex.com/action-in...2009082694718/


cheeers
Wow, yeah that stuff's unreadable -- you'll need a dictionary to decipher all of that...hahah
Thank you Crucial Point, Bleek, Trizzle, Darkstar
  • #858
  • Aug 27, 2009 1:50am Aug 27, 2009 1:50am
Quoting chngster
Wow, yeah that stuff's unreadable -- you'll need a dictionary to decipher all of that...hahah
yess, can't you see how it is very hard and is just a game of chances ( if this wave is broken then will change the count to bla bla bla... and if this S hold then the count will be bla bla bla ...) and they lost like 3 positions this week cause they play the game of S/R and while they were waiting for a buy all night, Ichi went short and made more than 50 pips. day after day i respect Ichi more than any other thing in this game . i think this is the most powerful Indicator in this game
cheeer mate
more green pips
O green world
  • #859
  • Aug 27, 2009 2:09am Aug 27, 2009 2:09am
Hey Vic,

I've been practicing Forex using a demo account for nearly a year now, waiting until I'm consistently profitably with my trading before putting real money on the table. Anyway, using the Ichimoku seems to be quite robust in picking up signals from my own observation and your thread. Though I'd love to read all 58 pages of this thread, I was just wondering whether you could do me a favor by answering just a couple of queries I had:

1. You've been trading with it 3 years now, how has it panned out or how successful has the trading style been?

2. What time frames in your experience suit Ichimoku trading?

3. Apart from the entry/exit rules set out at the start of this thread, has anything changed that I may not have read?

4. Currency pairs, any best suited?

Thanks for your help.

God bless,

Dr Washo
  • #860
  • Aug 27, 2009 2:15am Aug 27, 2009 2:15am
BIG BOYZZ
any one dealing GBP USD , see the 30 mins strong signal , it drove the pair down for 2 days
cheeeeeers
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