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Ichimoku forever

  • #1,081
  • Aug 31, 2009 9:56am Aug 31, 2009 9:56am
Quoting chngster
Hi, I'm still undecided but my bias is overall long for EUR/USD for now. To be sure I need:

 

  1. the 30M signal to cross first; &
  2. the 15M to break thru the kumo.

Both the 30M and 1H suggest 1.4300 (and potentially 1.4330) as the target. On the 4H chart, overall still long despite the kumo flatline as TKXovr is long.

I'm going to sit this out for another hour to 1300 GMT before deciding.

Its impressive how you manage to predict correctly, though they werent exactly following the rules. Do u mind explaining more specifically your rationale for predicting a long trade instead of a short one?

Sorry if thats a noob question, still new to this. Thanks, cant wait to ride the waves like u big guys.
  • #1,082
  • Aug 31, 2009 9:59am Aug 31, 2009 9:59am
Would someone be able to write an MT4 indicator where it would show on the corner of the screen if the price on higher time frames ,i.e. 1h and 4h is above or below the cloud?
  • #1,083
  • Aug 31, 2009 10:05am Aug 31, 2009 10:05am
Quoting fatmirm
Would someone be able to write an MT4 indicator where it would show on the corner of the screen if the price on higher time frames ,i.e. 1h and 4h is above or below the cloud?
PLEASE PLEASE PLEASE GO THROUGH THE THREAD YOU WILL FIND ALL WHAT YOU ARE ASKING FOR .

What you are asking for is provided in several versions through the thread
so please take my advise read the thread and you will not regret

thanks
  • #1,084
  • Aug 31, 2009 10:29am Aug 31, 2009 10:29am
Soldiers here are my thoughts about AUDUSD so far
-1Hr : seems the price manged to end the pull back and closed above Tenken
-4Hr : Awaiting a close above Tenken to confirm pull back is over

i'll jump normally from my lovely 5 min on a strong signal once the conditions are met in the lovely Ichi Monitor

keep it up
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  • #1,085
  • Aug 31, 2009 10:35am Aug 31, 2009 10:35am
Quoting Destrader
Its impressive how you manage to predict correctly, though they werent exactly following the rules. Do u mind explaining more specifically your rationale for predicting a long trade instead of a short one?

Sorry if thats a noob question, still new to this. Thanks, cant wait to ride the waves like u big guys.
Kicking myself that I wasn't paying attention at the time....argh! Did anyone at least get in on the action?

Have a look at the chart I posted again - I reattach it for convenience.

The argument for down mainly comes from H1, as the TK crossover has happened 12 odd hours back. However, the price is near the kumo flatline (zone of attraction), and the kumo was bullish. In this context the price is likely to hit the flatline, or even pierce the kumo and rebound off the other cloud boundary. Furthermore, in reference to a higher TF, the H4 was showing a long TK crossover and was likely to rebound off the kumo (there's also the chance it would smash down towards the H4 flatline, but since the kumo was thick this was less likely).

The argument for up came mainly from M15. The price was approaching the kumo in an area which was bearish, yes, but kumo depth was thinning out for about 2-3 hours.....its depth seemed to be providing little resistance, so as we approach it the likelihood of being able to smash through it by going up is high. In reference to a higher timeframe the M30 supported this thinking, because although the TK crossover had not happened, it was just on the verge of doing so. Furthermore, there is argument for it to rise because of the very long kumo flatline sitting at 1.4330. It also helps that the pivot was sitting at the same level.

That was my thinking at that time. It seems like such a lot when you put it into writing, but I suppose that's why they created Ichimoku - One Glance - you see the whole picture in one instant.

Chngster
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Thank you Crucial Point, Bleek, Trizzle, Darkstar
  • #1,086
  • Aug 31, 2009 10:58am Aug 31, 2009 10:58am
Good night forexers, it's 2am in Melbourne and I'm off to bed. Catch yall tomorrow...

Chngster
Thank you Crucial Point, Bleek, Trizzle, Darkstar
  • #1,087
  • Aug 31, 2009 11:03am Aug 31, 2009 11:03am
Quoting Destrader
Its impressive how you manage to predict correctly, though they werent exactly following the rules. Do u mind explaining more specifically your rationale for predicting a long trade instead of a short one?

Sorry if thats a noob question, still new to this. Thanks, cant wait to ride the waves like u big guys.
i'd like to give my idea about this deal ,am not answering the question for Chngster .

here are my thoughts about the EUR USD

the price was in a pull back state and it was very clear on 4hrs and daily chart

-4Hrs price found good support @ the cloud edge
-daily price was near the Tenken line and a bounce from this area was expected also there is a strong Long signal on daily chart

if i was trading this pair i was going to look for long trades only, and if i still play the S/R i'd have opened a position @ the edge of 4Hrs cloud and stop on the other side and will ignore all the lower TFs .

P.S. I DON"T TRADE EU SO MY POINT OF VIEW MIGHT BE WRONG
NEVER TRUST THE S/R GAME

Cheeers
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  • #1,088
  • Aug 31, 2009 11:04am Aug 31, 2009 11:04am
Quoting chngster
Good night forexers, it's 2am in Melbourne and I'm off to bed. Catch yall tomorrow...

Chngster
Good Night mate

see you during the dragon session

cheers
  • #1,089
  • Aug 31, 2009 11:24am Aug 31, 2009 11:24am
Thanks Chngster and Vic for the in depth explanation.
Looks like i still have a long way to go. Pls continue to post your currency reports, i am learning a lot from them.

I am still in the red currently, hopefully i can join u guys soon in the green!
  • #1,090
  • Aug 31, 2009 11:44am Aug 31, 2009 11:44am
Hello Soldiers

feel like there is a near Short trade for USD JPY , i'll wait a confirmation on the 5mins chart and once the rules are met in my Ichi monitor i'll jump in

wish me luckkk
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  • #1,091
  • Aug 31, 2009 12:00pm Aug 31, 2009 12:00pm
Quoting Destrader
Thanks Chngster and Vic for the in depth explanation.
Looks like i still have a long way to go. Pls continue to post your currency reports, i am learning a lot from them.

I am still in the red currently, hopefully i can join u guys soon in the green!

no worries at all, just give it some time try to learn as much as you can and soon everything will be green

cheers
  • #1,092
  • Edited 12:41pm Aug 31, 2009 12:24pm | Edited 12:41pm
Quoting vic_elc
if i was trading this pair i was going to look for long trades only, and if i still play the S/R i'd have opened a position @ the edge of 4Hrs cloud and stop on the other side and will ignore all the lower TFs .

P.S. I DON"T TRADE EU SO MY POINT OF VIEW MIGHT BE WRONG
NEVER TRUST THE S/R GAME

Cheeers

although I have to disagree with you on the S/R because we are using the ichi components as our markers of S/R but I get what you mean.
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  • #1,093
  • Aug 31, 2009 12:25pm Aug 31, 2009 12:25pm
Quoting vic_elc
Hello Soldiers

feel like there is a near Short trade for USD JPY , i'll wait a confirmation on the 5mins chart and once the rules are met in my Ichi monitor i'll jump in

wish me luckkk

Hold your positions soldiers seems the JPY battle is not ready to go , we still have chances with the other battles AUD USD , USD CAD . keep an eye on them
  • #1,094
  • Aug 31, 2009 12:31pm Aug 31, 2009 12:31pm
Quoting lbtrader

although I have to disagree with you on the S/R because we are using the ichi components as our markers of S/R but I get what you mean.
well to give you a clear idea of me not trusting the S/R game, when i was playing the forex like this i used to lose , the point is that we will never know if the support or the resistance will hold, it is so hard to predict the moves of the market, so i decided to follow the signal as it is the best confirmation that the S/R managed to hold and the market is changing the way

PLAY IT SAFE JOIN THE ARMY hehe
wishing you all the luck
cheers
  • #1,095
  • Aug 31, 2009 1:06pm Aug 31, 2009 1:06pm
Hi Vic,
How are you feeling about the AUDUSD looking now?
If we get the strong signal on the 5m, would you lead the H1 before it gives a TSxKS signal?


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Attitude can reflect outcome in life and trading!
  • #1,096
  • Aug 31, 2009 1:08pm Aug 31, 2009 1:08pm
Vic, I'd be interested in your opinion about this M1 chart. something I picked up from another thread using a different style trading, not ichimoku, but thought could be worth something. this is not our strong signals entry, but strong signal could be used and one stays in the trade as long as the price did not breach the other side of the kumo or reached a strong stubborn resistance (the red lines in this case). between the two lines lie 100 pips per leg!!!
any thoughts?
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  • #1,097
  • Edited 1:12pm Aug 31, 2009 1:11pm | Edited 1:12pm
Krmo,

are you looking for a short here ? if so that would be tough.

L
  • #1,098
  • Aug 31, 2009 1:11pm Aug 31, 2009 1:11pm
Quoting krmo
Hi Vic,
How are you feeling about the AUDUSD looking now?
If we get the strong signal on the 5m, would you lead the H1 before it gives a TSxKS signal?


Attachment
i think if we managed to have a good signal on 5 mins i'll go with it ,also i think the 1Hr will give us a neutral buy signal , this will be very clear on the Ichi monitoring

p.s. am waiting also for this deal now
Attached Image
  • #1,099
  • Aug 31, 2009 1:15pm Aug 31, 2009 1:15pm
Looks like Bullish navy lost the battle against Bearish resistence and price is coming back home....
There will be another attempt? Wait for a bounce on 4H kumo (1.0920) or 1H Kumo (1.0904) to retry to reach the side of daily Kumo (about 1.11)

Otherwise price could complete the pullback and resume short way (breaking H1 Kumo and H4 Kumo)

Cheers
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  • #1,100
  • Aug 31, 2009 1:16pm Aug 31, 2009 1:16pm
Hi lionsden,
No, I am looking for a long. But the H1 has not confirmed with the TSxKS cross nor the CS. But it is close. Wonder if we get a good signal on the M5 if it will pull the H1 into a good signal.
Probably would be jumping the gun with out confirmed signals.
I just hate missing those initial pips. LOL
I guess I need to work on my patience/ discipline...............
Attitude can reflect outcome in life and trading!
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