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Ichimoku forever

  • #981
  • Aug 29, 2009 12:46pm Aug 29, 2009 12:46pm
Quoting kinonen
hello i found in another FF thread this =

i found this very simple and quick to do
perhaps you can try it

kinonen
Just use Ichimoku Indicator as provided on this thread give long/short indicator for all TF in one window.
  • #982
  • Aug 29, 2009 7:09pm Aug 29, 2009 7:09pm
they say soldiers who survive the same war form a bond unlike any other
  • #983
  • Edited 7:42pm Aug 29, 2009 7:33pm | Edited 7:42pm
Hey Vic,

Quick question... as a part of the signal to go long/short, the price has to be below/above the cloud. My question is above/below which cloud:

A) Cloud directly above the price candle.

B) Cloud at the forefront of the chart.

Thanks mate.

PS This question is for 1) The actual long/short signal on the 5/15 minute & 2) Judging the trend on the higher TFs
  • #984
  • Aug 29, 2009 9:24pm Aug 29, 2009 9:24pm
Looks like a lot of great posts while I was on vacation. I enjoyed reading them all.

A thought I had while away. The usd/cad has a lot of movement after the ny session closes which often continues through the eur session-it is a commodity currency as you know and when it moves-it tends to keep trending. I think this would be a good one to watch-along with oil. The aud/usd is correlated to this one as well-another commodity currency-as you know. I am going to keep a close eye on cad. I will be doing most of my day trading on ny session since I am in the est zone. The cad (if it is moving) watching I may do on Japan session time etc.

Keep up the great work.

Oh yeah, I heard that risk appetite is increasing and you should be able to see some good moves in eur/jpy. This came from Dean Malone.
  • #985
  • Aug 30, 2009 12:37am Aug 30, 2009 12:37am
Quoting drwasho
Hey Vic,

Quick question... as a part of the signal to go long/short, the price has to be below/above the cloud. My question is above/below which cloud:

A) Cloud directly above the price candle.

B) Cloud at the forefront of the chart.

Thanks mate.

PS This question is for 1) The actual long/short signal on the 5/15 minute & 2) Judging the trend on the higher TFs
Don't worry about it, answered my own question, though feel free to answer for the sake of others.
  • #986
  • Edited 2:08am Aug 30, 2009 12:40am | Edited 2:08am
Quoting calderone
Looks like a lot of great posts while I was on vacation. I enjoyed reading them all.

A thought I had while away. The usd/cad has a lot of movement after the ny session closes which often continues through the eur session-it is a commodity currency as you know and when it moves-it tends to keep trending. I think this would be a good one to watch-along with oil. The aud/usd is correlated to this one as well-another commodity currency-as you know. I am going to keep a close eye on cad. I will be doing most of my day trading on ny session since I...
Welcome back mate, looking forward to another solid week ahead.

In case any forgets, its NFP friday is this week.

Weather report big picture (daily / weekly) analysis from fxstreet.com relevant to September 09 and going forward. About 50mins, but well worth the study.

(1) Interesting point around 22min mark - the kumo analyst compares EUR/USD and GBP/USD.....kumo structure for GBP/USD appears weaker in comparison to EUR/USD, therefore, see this as an opportunity to go long on EUR/GBP.

(2) The kumo analyst also uses the 20EMA as a confirmation signal. He thinks its the most versatile period across all TFs. He says he never trades against the price action on the wrong side of the 20EMA.

(3) The kumo analyst mentions in relation to keeping a position open, his minimum is 6 periods (whatever the time frame from small to big) in order to let the trade develop. For example, if he trades the 1D TF on a particular occasion, he is prepared to to have the trade position open for a minimum of 6 days (including taking into account MM).

(4) The analyst's favourite TF for intra-day trading is 30M or 1H.

(5) He prefers to use ichimoku on the JPY pairs...but hates USD/JPY.

Chngster
Thank you Crucial Point, Bleek, Trizzle, Darkstar
  • #987
  • Aug 30, 2009 1:07am Aug 30, 2009 1:07am
Ichimoku Signal v. 2.0

Indicator on chart window instead of separate window.
Three signals: Tenkan Sen/Kijun Sen Cross, Kumo Breakout, Chikou Span Cross. The arrows for direction, the color for signal strenght (see StrongSignalColor, WeakSignalColor, NeutralSignalColor).
Kumo Breakout and Chikou Span are always strong signal, TS/KS cross (strong when bullish/bearish cross occurs above/below kumo, neutral inside kumo, weak when bullish/bearish cross occurs below/above kumo).
Optionally can be shown extra details (spread, pips to open ...)
Other parameters for position in the chart.

To test and improve...

Good week to all
Attached File(s)
File Type: ex4 Ichimoku_Signal.ex4   45 KB | 1,099 downloads
  • #988
  • Aug 30, 2009 1:30am Aug 30, 2009 1:30am
anybody of you is member of facebook Ichimoku Trader group ?

69 members but actually not very active...
  • #989
  • Aug 30, 2009 5:17am Aug 30, 2009 5:17am
they say soldiers who survive the same war form a bond unlike any other
  • #990
  • Aug 30, 2009 5:45am Aug 30, 2009 5:45am
Quoting vic_elc
they say soldiers who survive the same war form a bond unlike any other
As I've always maintained, global currency trading is World War III every day. We don't want to simply survive, we want to be masters at it. Ichimoku has been successfully tried, tested and trusted for decades. It points us in the same direction, and I have come to accept it as my sword and shield. Everyday is a battle yes, but the war is not finished until each of us are multi-million dollar traders and we are sitting on Vic's private island sharing cocktails.

And oh, when I finally drive my yellow Lamborgini down the streets I will be sure to flash two middle fingers at all the a$$holes I currently work for.

Chngster
Thank you Crucial Point, Bleek, Trizzle, Darkstar
  • #991
  • Aug 30, 2009 6:00am Aug 30, 2009 6:00am
they say soldiers who survive the same war form a bond unlike any other
  • #992
  • Aug 30, 2009 6:04am Aug 30, 2009 6:04am
Quoting vic_elc
they say soldiers who survive the same war form a bond unlike any other
Soldiers
since 14th of August my war and yours were trusting a system, We WON this WAR , yes we did it I am sure that all of us now trust Ichi more than any other thing in this life. We all know now that nothing is better than a Japanese SWORD bladed in Okinawa . Well I am a soldier now and I need the real soldiers to bond with me in the next WAR .
ENOUGH TALK LETS FIGHT

NEXT BATTLE

We trust the system we know it works very good so we have to conquer the market
my idea is a weekly forecasting task, each soldier will be in charge of a market (a pair).it will be his/her duty to forecast a certain pair and keep us updated during the week.
This will help us in choosing the best next battles, get ready for it and fight
=======================
Soldier Name:VIC_ELC
Soldier Battle:
Am ready to forecast some of the JPY crosses ( EUR, USD, AUD ) and another market which is the AUD USD
This will be my weekly task, I'll make sure to post the upcoming week overview before Monday
I'll make sure to keep updating the moves during the week day
========================

It will be my duty my job my battle , forecasting will be based on Ichimoku and only Ichimoku
so when one of the soldiers wants to battle with me I'll ensure him/her a clear view and an easy way to join the these pairs battle with minimum loses and risk so his/her money will be in the right place.

The real soldiers will bond with me and help forecasting other pairs .
I'll be ready with my forecast before the market starts today to show you my idea about the way it will look like.
I have no problems if any one of you wants to forecast one of my pairs , the will help me sharing the load


REAL SOLDIERS SHOW ME WHAT YOU GOT

and always remember BIG BOYZZZZ

THEY MAY TAKE OUR LIVES, BUT THE WILL NEVER TAKE OUR PIPSSSSSSS


P.S. If you are joining the battle with me, please post using the below temp

Soldier name:
Soldier Battle :
  • #993
  • Aug 30, 2009 6:16am Aug 30, 2009 6:16am
Hi guys, one last chart before the markets open tomorrow. I am hoping for buying in Tokyo followed by the next drop sometime early London.

Vic always tell us, not isolate ourselves from the bigger picture. Well volume is a big part of the big picture! So this last post be an idea on using VSA to confirm some Ichi signals!

If you do not know what VSA is, it stands for Volume Spread Analysis and the idea is to examine price movements alongside their respective volume reading to get an indication of when the "smart money" is leaving or entering the market and in which direction. For example, the big boys will never sell from a low they will drive the price up and sell into strength or vice versa if they want to buy big they will drive the price down hard before buying.

I will not go into it too much you can read a proper rundown with example charts here:
http://www.sfomag.com/homefeaturedet...ne&YearID=2006

But I include one example chart and a quote from the above article to illustrate the below example:



Quote
Let’s now look at a clear example of supply entering a market as the professional operators are selling into a rising market. Please see Figure 2 as we look at the U.S. dollar/Swiss franc spot forex market on a 30-minute price chart. This market was in the mark-up phase until the bar labeled 1; notice the massive volume spike as an ultra wide spread, up bar, appears with the price closing in the middle of the bar. This is a telltale sign of professional selling entering the market; a trader must look at this bar and realize that if all the...
http://www.sfomag.com/images/charts/...ger_chart2.jpg

Here we can see "smart money" exiting the market by selling into strength. What happens when the smart money has exited the market on a spike?


Quote
Let’s review what just happened on the price chart here. The professional money has sold their holdings to the mass public called the “herd” or “weak holders.” The professionals sold short and the new buyers are locked into a poor position. How can price continue higher when the professional money won’t support higher prices and there are no other buyers left to buy? With no buyers left to support the price, the price falls as the chart continues on into the mark down process (see Figure 3). To explain why prices fall...
http://www.sfomag.com/images/charts/...ger_chart3.jpg

Ok I hope you didn't mind reading all that now with this example we sort of get an idea of how powerful a tool VSA can be.

Now we provide our example, EURJPY M5 with Ichimoku, Ichi signals and volume indicator. In the duration of the light blue box, we can see the price spike up with a gap and the volume indicator shows us that this is on higher than average volume (first red triangle).

The price ranges here in the blue box, just above thin kumo with low volume. She tries to make one more spike up and registers M5 Chikou exhaustion. If you remember the post I made earlier about M1 Chikou scalp we can take a similar short here to TP at the vicinity of the cloud (short second red triangle).

Finally at the end of the blue box the price registers that it has no buyers at this inflated price (thin+non-trending cloud not support price) and begins to drop on higher than average volume. She falls to fill the gap and then fails to break resistance and M5 kijun sen. We can take another short here with confirmed ts/ks cross, under the cloud, chikou cross and VSA principles also confirm "smart money" has exited the market!

Hope that make some sense

EDIT: Great idea Vic,

Soldier name: sinner
Soldier battle (if nobody minds me taking it): AUDJPY D1 at the end of every week!
Attached Image (click to enlarge)
Click to Enlarge Name: snapshot31.jpg Size: 286 KB
  • #994
  • Aug 30, 2009 6:45am Aug 30, 2009 6:45am
Quoting wolfan71
Ichimoku Signal v. 2.0

Indicator on chart window instead of separate window.
Three signals: Tenkan Sen/Kijun Sen Cross, Kumo Breakout, Chikou Span Cross. The arrows for direction, the color for signal strenght (see StrongSignalColor, WeakSignalColor, NeutralSignalColor).
Kumo Breakout and Chikou Span are always strong signal, TS/KS cross (strong when bullish/bearish cross occurs above/below kumo, neutral inside kumo, weak when bullish/bearish cross occurs below/above kumo).
Optionally can be shown extra details (spread, pips to open ...)
Other...
Hi Wolfan,

Can't wait to get the live feed through and start testing this new version.

Fantastic work you've done for us here, it's MUCH appreciated.

Cheers
  • #995
  • Aug 30, 2009 6:48am Aug 30, 2009 6:48am
this is the way should look ichimoku signals
if anybody doesn't display correctly the arrows (wingdings font character), i can try another way.
Attached Image (click to enlarge)
Click to Enlarge Name: ej_daily.png Size: 66 KB
  • #996
  • Aug 30, 2009 6:52am Aug 30, 2009 6:52am
Hi Wolfan, I didn't know it was arrows thought it was numbers I might switch back to Ichimoku Monitor 1.3 then, I like that very much because it allow you to reduce drawdown (e.g only take long on M1 if price > TS and TS uptrend).

Can you make it so it report red/green and instead of the arrow it say the number above or below like Ichimoku Monitor?
  • #997
  • Aug 30, 2009 6:56am Aug 30, 2009 6:56am
Quoting sinner-
Hi Wolfan, I didn't know it was arrows thought it was numbers I might switch back to Ichimoku Monitor 1.3 then, I like that very much because it allow you to reduce drawdown (e.g only take long on M1 if price > TS and TS uptrend).

Can you make it so it report red/green and instead of the arrow it say the number above or below like Ichimoku Monitor?
Ichimoku Signals gives only qualitative info and not quantitative

if you want now you can use both indi (Signals and Monitor)
  • #998
  • Aug 30, 2009 7:02am Aug 30, 2009 7:02am


Quoting sinner-
Hi guys, one last chart before the markets open tomorrow. I am hoping for buying in Tokyo followed by the next drop sometime early London.

Vic always tell us, not isolate ourselves from the bigger picture. Well volume is a big part of the big picture! So this last post be an idea on using VSA to confirm some Ichi signals!

If you do not know what VSA is, it stands for Volume Spread Analysis and the idea is to examine price movements alongside their respective volume reading to get an indication of when the "smart money" is leaving or entering...
  • #999
  • Aug 30, 2009 7:02am Aug 30, 2009 7:02am
Quoting vic_elc
Soldiers
since 14th of August my war and yours were trusting a system, We WON this WAR , yes we did it I am sure that all of us now trust...
Hi Vic,

Great idea, enough said.

I am up for the challenge. I am with broker Dukascopy and the pairs available to me are:

EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/CAD, NZD/USD, GBP/CHF, GBP/JPY, EUR/CHF, EUR/JPY, EUR/GBP, EUR/AUD, CAD/JPY, CHF/JPY, AUD/JPY, AUD/USD,, AUD/NZD, EUR/CAD, EUR/NOK, EUR/SEK, USD/SEK, USD/NOK

I am happy to take on any pair/s however I would like to look after GBP/JPY whether by myself or in conjunction with someone else. Once it is tamed it will be worth some real pippage!

Hope you're weekend is great (or what's left of it)

Cheers.
  • #1,000
  • Aug 30, 2009 7:45am Aug 30, 2009 7:45am
Hold the line
Friend of mine
Sing a song
Soldier on

Shine a light
For me tonight
Don't be long
soldier on

Soldier name :vic_elc
Soldier battle :EURJPY USDJPY AUDUSD

Soldier name : sinner
Soldier battle :AUDJPY

Soldier name :4xAddict
Soldier battle :GBPJPY


Soldiers am taking this matter very very very Serious , I'll post my weekly homework now I hope you will like the way it looks , I'll try to be professional as mush as I can , also you have to do the same if you are going to WAR beside me
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