Ichimoku forever | Page 53 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

4% A Day Forever 1,433 replies

an EA that worked forever 29 replies

Forever Demo Account 9 replies

Attachments: Ichimoku forever
Exit Attachments

Ichimoku forever

  • #1,041
  • Edited 10:12pm Aug 30, 2009 9:43pm | Edited 10:12pm
Quoting chngster
Can I be a Top Gun pilot instead, I feel the Need, the NEED FOR SPEEEEEEEEED! Ooooow!
-----------------------------------UQ---------------------------------------
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.
-----------------------------------UQ---------------------------------------

this is the speeeeeeeeeed i neeeeeeeeeeeeed
  • #1,042
  • Aug 30, 2009 9:55pm Aug 30, 2009 9:55pm
the pair still under pressure, the price just utilized with Tenken 4Hrs and started to drop below it, if we managed to close above Tenken 4Hrs will start thinking of long position.
as long as we are below Tenken 4Hrs there are not entries

Will keep you updated and will post a trade once available

keep it up
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ScreenShot003.jpg Size: 43 KB
Click to Enlarge Name: ScreenShot004.jpg Size: 54 KB
  • #1,043
  • Aug 30, 2009 10:00pm Aug 30, 2009 10:00pm
Quoting bar
Hi Vic Elc

How many pips do you average weekly?
on my best weeks i do around 5963486432 pips for sure you know that i am kidding .

you may follow the thread during this week , and at the end all the positions will be posted so we can together count how many pips we can make

wishing you all the luck


cheeers
  • #1,044
  • Aug 30, 2009 10:18pm Aug 30, 2009 10:18pm
Quoting vic_elc
KEEP IT UP DR

Wishing you all the luck in this deal

EDT:Take care from the Flat Kumo on 4Hrs , it might be a false break, keep your eyes close to that deal
Thanks Vic,

We'll see how it goes. I guess my call sign is Doc.

God bless,

Dr Washo
  • #1,045
  • Aug 30, 2009 10:21pm Aug 30, 2009 10:21pm
Soldiers i will sleep now for some hours, i have provided you with the positions during the Japaneses session.

i will not work during the English session, i'll join again with NY

keep the good work up
see you all
  • #1,046
  • Aug 31, 2009 12:08am Aug 31, 2009 12:08am
Quoting vic_elc
Soldiers i will sleep now for some hours, i have provided you with the positions during the Japaneses session.

i will not work during the English session, i'll join again with NY

keep the good work up
see you all

Hi guys,

Managed a quick peek at the charts in my lunch break and must say I will also not trade London session. Bank holiday in London will cause much havoc to dynamic systems like Ichimoku. Good signals come as the result of good liquidity from the market. In low liquidity (such as today) we can see big spikes on low volume that do not represent the real market.

Tomorrow all the markets are back on in full effect so we should see a much better picture of what is really happening then. Remember, opportunity for pips will always be there and it costs us nothing to watch from the sideline (in fact we learn for free from these times) until market give true signal.

So since I was already +30 over my 50 quota on Friday and manage another +20 G/J long scalp today I am happy to sit on the sidelines and maybe look for M5 E/J to give a signal around US open. See you then vic!

*salute*
  • #1,047
  • Aug 31, 2009 12:23am Aug 31, 2009 12:23am
Be very cautious with long position cause flat kumo on H1 and H4 that attracts price. News expectations

No short position till price above H1 Kumo
  • #1,048
  • Aug 31, 2009 12:28am Aug 31, 2009 12:28am
Vic and all,
Thank you for sharing your knowledge and excitement..!!!!!
I have attached the Ichi to charts over the years thinking I would try to figure them out,,,,only to delete them...
I have read the entire thread and monitored the charts and thread for the last few days... I am excited to make some trades with this method this week..

You all have put together a great thread...!!!!!!!!!

I hope I can eventually contribute to this thread..

I have setup profiles for each of the pairs and an overview profile for reviewing/ monitoring all the pairs...

This is my trading screen for a single pair (H4 and M30 on left...5M on right)

Attached Image (click to enlarge)
Click to Enlarge Name: Trade Screen EurJpy.jpg Size: 169 KB


This is my screen for reviewing all pairs (I start with them all on H4 charts)

Attached Image (click to enlarge)
Click to Enlarge Name: Overview Screen All Pairs.jpg Size: 236 KB
Attitude can reflect outcome in life and trading!
  • #1,049
  • Aug 31, 2009 1:02am Aug 31, 2009 1:02am
Hi all,
First Contribution?????
I hope it helps some..

When price is moving away from the Kumo & TSxKS we have a void in S&R...
Where will price go?....
Whole numbers? (1.6300) possibly , a lot of traders watch those...
Fibs... sometimes

How can we use our Ichi???
I noticed that we can draw a horizontal line from Past Kumo flat bottoms and tops and these act as fairly accurate S&R....

I have drawn these lines in orange...yellow circles show touches...
This is a Daily chart..


Just a thought...thanks for listening..LOL

Attached Image (click to enlarge)
Click to Enlarge Name: Ichi S&R.jpg Size: 170 KB
Attitude can reflect outcome in life and trading!
  • #1,050
  • Aug 31, 2009 1:25am Aug 31, 2009 1:25am
Quoting wolfan71
Be very cautious with long position cause flat kumo on H1 and H4 that attracts price. News expectations

No short position till price above H1 Kumo
Yeah Vic said the same thing... could someone please define 'flat kumo' just to make sure it means what I think it means?
  • #1,051
  • Aug 31, 2009 1:32am Aug 31, 2009 1:32am
Here you go....

Attached Image (click to enlarge)
Click to Enlarge Name: Flat.jpg Size: 97 KB
Attitude can reflect outcome in life and trading!
  • #1,052
  • Aug 31, 2009 1:40am Aug 31, 2009 1:40am
I've read that the properties for the Ichimoku in now is 7, 22, 44 .
So, do you ever user those parameter for you Ichimoku or only 9,26,52 .
Which of parmeter above is good for the market now?
Thanks so much
  • #1,053
  • Aug 31, 2009 2:01am Aug 31, 2009 2:01am
Quoting drwasho
Yeah Vic said the same thing... could someone please define 'flat kumo' just to make sure it means what I think it means?
Hi drwasho,

For all terms you don't understand the ichimoku wiki should be your bible.

Here is the section on flat top/bottom kumo

http://www.kumotrader.com/ichimoku_w...2FBottom_Kumos

But if you do not understand the concept then you should read the entire section on kumo! It is not too long! In fact I suggest you read the entire page

In the example provided by krmo above I only take the first arrow as flat top kumo as the price is nearby kumo acts as a magnet. Once PA break and close above flat kumo then it just becomes a support zone rather than a magnet/pivot.

We are looking for flat bottom/top kumo on higher TF not lower TF as this will give us a much better picture of PA in low volatility.
  • #1,054
  • Aug 31, 2009 2:06am Aug 31, 2009 2:06am
Quoting hoanghp2000
I've read that the properties for the Ichimoku in now is 7, 22, 44 .
So, do you ever user those parameter for you Ichimoku or only 9,26,52 .
Which of parmeter above is good for the market now?
Thanks so much
Here is some trader comments on this issue (highlighted in green so you know it's not my speech):
The usual default values for Ichimoku charts (9, 26 and 52) are based on the permutation chosen by the Japanese technician that developed Ichimoku charts: Goichi Hosoda.

The numbers 9, 26 and 52 originally represented the periods of 1.5 weeks, 1 month and 2 months. However, this was based on a Japanese trading week of 6 days applying at the time; not the 5 days trading week for present-day western markets.

To keep to the same time periods that Hosoda had in mind, therefore, it seems far more logical when using Ichimoku Charts with UK indices and shares to adjust these three values to 7, 22, and 44. (However, any resulting difference is more of a nuance than a fundamentally different pattern - slightly greater sensitivity and earlier signals in fact).

9 July Edit:

I have recently backtested in excess of 1,000 charts, comparing 7, 22, 44 and 9, 26, 52 settings. To my surprise, the latter default settings seem to create a kumo (cloud) that far more consistently offers share price resistance and support, as compared to using 7, 22, 44 settings.

This finding is in line with the conclusions drawn at Ichiwiki (link above):

"There is some debate around whether or not these settings of 9,26,52 are still valid given that the standard work month here in the West does not include Saturdays. In addition, in non-centralized markets that do not keep standard business hours like the Forex (which trades around the clock) some have posited that there may be more appropriate settings. Nevertheless, we at Boersma & Hunt, as well as most other professional Ichimoku traders, agree that the standard settings of 9,26,52 work extremely well and do not need to be altered".
  • #1,055
  • Aug 31, 2009 2:39am Aug 31, 2009 2:39am
Hey guys,

Looks like the USDCAD signal actually worked out (after some rocky price action)... my 50 pip T/P was spot on, literally... took a nose dive after it hit the T/P line.

My first of hopefully many victories

PS Thanks Sinner for the URL, will be reading as soon as the page works.
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad success.gif Size: 25 KB
  • #1,056
  • Aug 31, 2009 3:09am Aug 31, 2009 3:09am
Quoting drwasho
Hey guys,

Looks like the USDCAD signal actually worked out (after some rocky price action)... my 50 pip T/P was spot on, literally... took a nose dive after it hit the T/P line.

My first of hopefully many victories

PS Thanks Sinner for the URL, will be reading as soon as the page works.
Doc,

Just got online here in London and your call was a cracker - great work!!
  • #1,057
  • Aug 31, 2009 3:10am Aug 31, 2009 3:10am
Hi All,

Just a note to say that the GY appears to be approaching a sell opportunity.

I am now monitoring this and will post a trade idea summary as per Vic's template style should the lowest time frames support this trade.

Cheers.
  • #1,058
  • Aug 31, 2009 3:25am Aug 31, 2009 3:25am
Quoting drwasho
Hey guys,

Looks like the USDCAD signal actually worked out (after some rocky price action)... my 50 pip T/P was spot on, literally... took a nose dive after it hit the T/P line.

My first of hopefully many victories
Excellent work! Congrats....

Just as a general rule of thumb, any one who is trading with live money should not to be afraid of calling out his trade as soon as it is open (not just at the end of the trade). And post your pictures! They are worth a thousand words.

This gives your fellow ichimoku traders the opportunity to learn as the live trade develops. Especially the opportunity to analyse over 5-6 timeframes (from personal experience, i find that analysing a crossover signal using multiple TFs (i use 6) in backtesting is very tedious).

We want to see winning trades from the beginning to the end, and same with losing trades, understand what can go wrong and why in a live scenario. Someone will probably pick out things you have missed, or you have seen something that nobody else saw which leads to someone catching some pips along with you...it's a win-win for all, when you spot a signal and everybody can analyse it and work through it together at the same time.

Well done on everyone's recent contributions, we are definately making healthy progress in becoming better traders.

Chngster
Thank you Crucial Point, Bleek, Trizzle, Darkstar
  • #1,059
  • Aug 31, 2009 3:35am Aug 31, 2009 3:35am
Quoting chngster
Excellent work! Congrats....

Just as a general rule of thumb, any one who is trading with live money should not to be afraid of calling out his trade as soon as it is open (not just at the end of the trade). And post your pictures! They are worth a thousand words.


Chngster
Hi chngster good advice I promise to post all my trades M5 and above in realtime. If I take an M1 scalp it might have to wait till the trade is closed as I do not have a chance to take screenshot of my chart and write reasons why.
  • #1,060
  • Aug 31, 2009 4:06am Aug 31, 2009 4:06am
Hi guys,

I try to show you on the weekend the answer to our question "how to use Ichi outside Tokyo" because it normally not give normal signal well my idea was look for reversal signals in London.

Here I provide an example of such, live happening right now on EURJPY M5. We did not take the trade because it does not give proper Ichi signal but the idea is there, now we know why we do not get proper signal from London open too often (because Tokyo Ichi signal is just finishing playing out).

But I also include M15 chart to show why this is not bad. If we rely on M5 only we never get whole picture and trades. M5 London reversal of Tokyo move provides us the chance for a M15 move (we now waiting TS to cross back down over KS).

Agree?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Picture 1.png Size: 48 KB
Click to Enlarge Name: Picture 3.png Size: 51 KB
1 trader viewing now