Ichimoku forever | Page 62 | 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

  • #1,221
  • Sep 1, 2009 7:07pm Sep 1, 2009 7:07pm
GBPUSD Short
I went short @1.6445 and took 1/2 of position off at +24pips..
Tightened stop to 7 pips above entry and will manage stop on the remainder...

Possible Re-Entry on 5m....

Attached Image (click to enlarge)
Click to Enlarge Name: GU-2009-09-01b-entry-H4.jpg Size: 99 KB


Attached Image (click to enlarge)
Click to Enlarge Name: GU-2009-09-01b-entry-H1.jpg Size: 112 KB


Attached Image (click to enlarge)
Click to Enlarge Name: GU-2009-09-01b-entry-M15.jpg Size: 117 KB


Attached Image (click to enlarge)
Click to Enlarge Name: GU-2009-09-01b-entry-M5.jpg Size: 102 KB
Attitude can reflect outcome in life and trading!
  • #1,222
  • Sep 1, 2009 7:15pm Sep 1, 2009 7:15pm
Quoting krmo
GBPUSD Short
I went short @1.6445 and took 1/2 of position off at +24pips..
Tightened stop to 7 pips above entry and will manage stop on the remainder...

Possible Re-Entry on 5m....
  • #1,223
  • Sep 1, 2009 8:15pm Sep 1, 2009 8:15pm
Quoting vic_elc
re-entry on 5M may be materializing soon!
  • #1,224
  • Sep 1, 2009 8:17pm Sep 1, 2009 8:17pm
Yes, we could get a strong 5m signal...!!!!
I may add on at this signal...
Attitude can reflect outcome in life and trading!
  • #1,225
  • Sep 1, 2009 8:23pm Sep 1, 2009 8:23pm
Hello Soldiers,

I have started gaining interest in the Ichimoku trading system. I've primarily been using the Cornflower system and I'd like to try something new. So, i've gathered a couple of indicators and all the wonderful documents/info posted here. But, can someone point me to a template? Is anyone willing to share one?

Thanks
  • #1,226
  • Sep 1, 2009 8:28pm Sep 1, 2009 8:28pm
Quoting hitman047
Hello Soldiers,

I have started gaining interest in the Ichimoku trading system. I've primarily been using the Cornflower system and I'd like to try something new. So, i've gathered a couple of indicators and all the wonderful documents/info posted here. But, can someone point me to a template? Is anyone willing to share one?

Thanks
Welcome aboard the template is in the forum but here it is for ease of use.

vic posted it earlier

Cheers
Attached File(s)
File Type: tpl template_name.tpl   2 KB | 528 downloads
  • #1,227
  • Sep 1, 2009 8:31pm Sep 1, 2009 8:31pm
Quoting lionsden
Welcome aboard the template is in the forum but here it is for ease of use.

vic posted it earlier

Cheers
welcome aboard , we were missing a hitman in the army

hope u'll like ichi , keep following us for a couple of weeks i can assure you complete amazement
  • #1,228
  • Sep 1, 2009 8:58pm Sep 1, 2009 8:58pm
Hello, want to use ichimoku monitor, but I am fxts. May open other account in metatrader broker. For a while, here is an extend Ichimoku for fxts users. I add dots to the standard ichimoku to show the strong signal, ruled here. Hope, it helps faster vizualition to the signal. Watch spiky AU now, n wait the signal to long. Great morning here, soldiers.
Attached File(s)
File Type: zip FXTSIchiSignal.zip   96 KB | 912 downloads
Better a realistic small pip than a fantasy big pip
  • #1,229
  • Sep 1, 2009 9:08pm Sep 1, 2009 9:08pm
soldiers i think the pull back might be over specially on USD , i'll go short with a good signal
USD JPY // EUR JPY

keep it up
  • #1,230
  • Sep 1, 2009 9:13pm Sep 1, 2009 9:13pm
Hey guys,

The pic below tells the story, I may have averted being stopped out by signals from the 1 minute chart... perhaps we should add into the rules that if you see the candles rise above the 1 min Kumo (if you're trading on the 5 min), you should consider close the trading and take whatever profit/loss you have.

Any other thoughts?

Aside from that, I think this experience may validate the need for an alert system to make it easier catch the signal.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: stopped out trade.gif Size: 24 KB
Click to Enlarge Name: 1 minstopped out trade.gif Size: 22 KB
  • #1,231
  • Sep 1, 2009 9:23pm Sep 1, 2009 9:23pm
Quoting drwasho
Hey guys,

The pic below tells the story, I may have averted being stopped out by signals from the 1 minute chart..
aa Got it , yes you are correct when using the 5 mins this means immediate action for entry and exit so if u missed the signal u better wait for another one or open after a pull back

wishing u the luck in the next one
  • #1,232
  • Sep 1, 2009 9:23pm Sep 1, 2009 9:23pm
Hi guys,

With regard to the gbpusd, even if pricing returns below the kumo on the M1 and M5, I am hesitant to enter until it breaks through 1.6115.

M15 is approaching the kumo nicely and M30, H1 and H4 are all still looking like short signals.

Thoughts?

Cheers,

Giny
  • #1,233
  • Sep 1, 2009 9:51pm Sep 1, 2009 9:51pm
Quoting Giny
Hi guys,

With regard to the gbpusd, even if pricing returns below the kumo on the M1 and M5, I am hesitant to enter until it breaks through 1.6115.

M15 is approaching the kumo nicely and M30, H1 and H4 are all still looking like short signals.

Thoughts?

Cheers,

Giny
i can't see the GBP USD Soldier around so i might give u my personal opinion
as an Ichi worrier i see that the price closed above TS on 1Hrs chart so a pull back towards KS is expected if you want to short, u can after the Pull back is over .
am sorry am not so familiar with this pair so my analysis might be wrong
Attached Image (click to enlarge)
Click to Enlarge Name: GU.jpg Size: 55 KB
  • #1,234
  • Sep 1, 2009 9:54pm Sep 1, 2009 9:54pm
Quoting fruitaly
Hello, want to use ichimoku monitor, but I am fxts. May open other account in metatrader broker. For a while, here is an extend Ichimoku for fxts users. I add dots to the standard ichimoku to show the strong signal, ruled here. Hope, it helps faster vizualition to the signal. Watch spiky AU now, n wait the signal to long. Great morning here, soldiers.
you can open a demo account in MT4

check this out

http://www.alpari.co.uk/en/new_to_ma.../download.html
  • #1,235
  • Sep 1, 2009 10:02pm Sep 1, 2009 10:02pm
Quoting drwasho
Hey guys,

The pic below tells the story, I may have averted being stopped out by signals from the 1 minute chart... perhaps we should add into the rules that if you see the candles rise above the 1 min Kumo (if you're trading on the 5 min), you should consider close the trading and take whatever profit/loss you have.

Any other thoughts?

Aside from that, I think this experience may validate the need for an alert system to make it easier catch the signal.
DrWasho,

You raise a couple of interesting things to think about, which we all come across.

Two points:

(1) You entered on the cross-down, which is fine. However, there was a cross-up as well - which should have flagged "danger danger!" The weight of the cross-up maybe could have been mitigated by short signals at a higher TF - I don't know without further info. However the fact there WAS a cross-up in the opposite direction is a good reason to starting thinking maybe its time to exit (refer to higher TF).

(2) You should move your SL to BE. The timing of this I cant really judge or advise on because i think it will depend on the situation. Notice how the kumo (from where you set your SL) dips down as your trade goes along further south. Perhaps your SL should be dynamic and follow the kumo once you're comfortable you've caught a small basket of pips (10-15?)

Hope that helps...

Chngster
Thank you Crucial Point, Bleek, Trizzle, Darkstar
  • #1,236
  • Sep 1, 2009 10:15pm Sep 1, 2009 10:15pm
Quoting chngster
DrWasho,

You raise a couple of interesting things to think about, which we all come across.

Two points:

(1)...
DrWasho, thanks for letting us know. I have to agree with Chngster especially on No. 2. On my part, I trail my SL once I have 10-12 pips. This is just to make sure on my gains but this is just me still depends on your trading style.Goodluck on your next trade.
  • #1,237
  • Sep 1, 2009 10:19pm Sep 1, 2009 10:19pm
Quoting chngster
DrWasho,

You raise a couple of interesting things to think about, which we all come across.

Two points:

(1) You entered on the cross-down, which is fine. However, there was a cross-up as well - which should have flagged "danger danger!"...
Hey Chngster,

1) I looked at the higher TFs that I posted on page 82, post 1217, and all of the TSxKS were crossed-down in the direction of the trend at the time of the trade... though you may be looking at the 'thumbs down' arrow that I put on the chart, but this was a short indicator for the 4 hour chart and not actually the place where I shorted. The really only issue like you said was that the 30 minute had a weak TSxKS cross at the time of trade which is indicated by the horizontal green line on the 5 minute chart...

2) What I also do is put a 25 pip stop loss on my trades to ensure that if the move is going in my direction, at least I can set a stop loss at or above my entry to ensure that I won't lose money on the trade, but I only really feel comfortable doing this once the price has moved about 20 pips or so in my direction to avoid prematurely being stopped out. Generally once we've picked up on a good Ichimoku wave, the price action behaves in a step-wise patter rather than sinusoidal... the trick is getting on the right Ichi Wave.

So this trade, although I think it had the hallmarks of all the right signals, just wasn't the strongest movements we've seen. If I wait for the perfect signal, where:

1) Candles are below the Kumo

2) TSxKS crosses over/under the kumo in the direction of the trend

... then I might be waiting for this signal for a long long time, and judging by some of the trading behavior of the guys on this forum, they don't wait for that signal to materialize either. So we enter of quasi-strong signals and try to watch the price movement like a hawk.

Anyway, those are my thoughts.

God bless,

Dr Washo
  • #1,238
  • Sep 1, 2009 10:27pm Sep 1, 2009 10:27pm
Dr Washo,

Perhaps a conservative strategy, when going short, could be to exit when a candle closes above the Tenkan Sen on either the M5 or M15 TF?

In this case, based on a candle closing above the Tenkan Sen on the M5, you would have exited at about 92.67.

Thoughts?

Cheers,

Giny
  • #1,239
  • Sep 1, 2009 10:30pm Sep 1, 2009 10:30pm
Quoting drwasho
Honestly that Daily Grind analysis should be framed in your room to remind you to wait for the strong signal before trading.

@Wolfan71: Mate would it be possible to include an alert system in a version 3 of Ichimoku_Signal to we get an email when we have strong signal (or we can customize the conditions when we get an alert). You've already gone above and beyond the call of duty, and I'm really wishing I knew how to code for mt4, but I think this would take it to the next level?
i'm thinking about it. have you any idea how to customize conditions?
  • #1,240
  • Sep 1, 2009 11:03pm Sep 1, 2009 11:03pm
Quoting wolfan71
i'm thinking about it. have you any idea how to customize conditions?
Technically, as in code, no way... but in terms of conceptually, these are my ideas... you could classify alerts into weak or strong signals at this stage, we shouldn't try anything too fancy from the get go...

1) Weak signal: Kumo signals between M5-H4 are all up/down with green signals, all TSxKS signals between M5-H4 are pointing the same way as the Kumo signals (green or red) & and the CSPAN for M5 is a green arrow pointing in the same direction as Kumo/TSxKS

2) Strong signal: all TSxKS and Kumo arrows are green and pointing in the same direction between M1-H4, CSPAN is green and pointing in the same direction for M1 and M5

Once this occurs, you get an email alert with the pair and time of the signal... if you set up emails to forward to you as text messages, the better!

What do you think?
6 traders viewing now