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Ichimoku forever

  • #1,241
  • Sep 1, 2009 11:16pm Sep 1, 2009 11:16pm
Quoting drwasho
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...
yes that's the way you mark weak and strong signals.
but this could not be the same for me (e.g. i don't mind M1 signal)
So i'm looking for a way to define by indicator parameters when generate an alert so eveybody can do as he wishes
  • #1,242
  • Sep 1, 2009 11:45pm Sep 1, 2009 11:45pm
Ok, this may be a crude way to set it up...

Have a series of drop down menus for each time frame beneath a 'Show Alert: True/False' selection that will allow you to customize what kind of alert you want... for example:

4 Hour:
Kumo - Weak (Red)/Strong (Green)/Ignore
TSxKS - Weak (Red)/Strong (Green)/Ignore
CSPAN - Weak (Red)/Strong (Green)/Ignore

1 Hour:
Kumo - Weak (Red)/Strong (Green)/Ignore
TSxKS - Weak (Red)/Strong (Green)/Ignore
CSPAN - Weak (Red)/Strong (Green)/Ignore

.. etc up to 1 minute

The alert will be triggered when all of the arrows are point in the same direction unless you selected certain variables to be ignored.

So you may select 'Ignore' CSPAN for the 4H, 1H, 30 min, 15 min... select 'Strong (Green)' TSxKS for 4H, 1H, 30 min and 5 min (Ignore 1 min)... select 'Strong (Green)' Kumo for 4H, 1h, 30 min and 5 min (Ignore 1 min).

So when all the arrows are in alignment and the conditions in the example are met above, an alert is triggered in Metatrader 4 and if you input your email in MT4, it will automatically send you an email so you can check out the trade yourself.

If someone has a simpler idea, please suggest... this looks a little cumbersome but it may work.
  • #1,243
  • Edited Sep 2, 2009 12:02am Sep 1, 2009 11:46pm | Edited Sep 2, 2009 12:02am
Quoting drwasho
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...

After your entry around 1.50 on the 5M chart, I will say that there was 2 signals for exit...
(1) price action jumps above Kijun line at 2.35ish for the first time in a while;
(2) followed up TK cross-up around 2.45ish.

However, it's always easier to analyse a trade in retrospect without the heat of the moment bearing down right? And I note your observation of all the TFs being consistent at the time of the trade. In looking at the 15M and 30M there was no obvious kumo flatlines sitting close above, although the 1H suggests otherwise - again debatable as all TFs appear congruent. So in terms on entering the trade it all made sense.

Look it could very well have been one of those trades that bung out no matter what you do. The trade was taken 5 odd hours ago (correct me if wrong) so the only thing I can think about is that the Tokyo boys were playing a range-bound game for the mid-morning Asian session, which is fairly usual i think.

As for the exit...if I made that trade not knowing whether the Dragons were in a trending or ranging mood, I reckon the only thing that would have saved me would have been moving the SL to BE. Or taken early profits when the price jumps above (1) the 20EMA and (2) Kijun lines and (3) TK cross-up appearing at 2.52.

Thanks for sharing and helping us become better traders.

Chngster.
Thank you Crucial Point, Bleek, Trizzle, Darkstar
  • #1,244
  • Sep 2, 2009 12:03am Sep 2, 2009 12:03am
Quoting chngster
After your entry around 1.50 on the 5M chart, I will say that there was 2 signals for exit...
(1) price action jumps above Kijun line at 2.35ish for the first time in a while;
(2) followed up TK cross-up around 2.45ish.

However, it's always easier to analyse a trade in retrospect without the heat of the moment bearing down right? And I note your observation of all the TFs being consistent at the time of the trade. In looking at the 15M and 30M there was no obvious kumo flatlines sitting close above, although the 1H suggests otherwise - again...
Actually my entry was at 2.25, which is probably why I missed the exit signals if I had been watching the 1M.'

Also I'm still not clear on the flat kumo thing, I know somebody referred me to a website but I still didn't really get it.

Anyway, thanks for your analysis... I'll be keeping an eye out next time.

God bless,

Dr Washo
  • #1,245
  • Sep 2, 2009 12:22am Sep 2, 2009 12:22am
Flat kumo occur on high TF when price is ranging above or below it. During these period flat kumo acts as a pivot point and attract price towards it. So we say when high TF kumo flat she not safe to trade because price might return to kumo rather than follow trend.
  • #1,246
  • Sep 2, 2009 12:28am Sep 2, 2009 12:28am
Quoting drwasho
Actually my entry was at 2.25, which is probably why I missed the exit signals if I had been watching the 1M.'

Also I'm still not clear on the flat kumo thing, I know somebody referred me to a website but I still didn't really get it.

Anyway, thanks for your analysis... I'll be keeping an eye out next time.

God bless,

Dr Washo
Hi

Just think about flatlines (whether they be tenkan, kijun or kumo) as a "zone of attraction". Pay attention to nice long kumo flatlines....if they are hanging around nearby, there is a high chance price will try to go there.

In a nutshell, a flatline is representative of the equilibrium point, it is the middle point between the highest high and the lowest low over the last 9/26/whatever period. The theory is that price action cannot sustain a position that's too out-of-whack from the equilibrium point for too long, it always has to return because nobody believes it's gonna go in one direction forever...

For an in-depth flatline analysis visit the ichiwiki and kumotrader.com

Chngster
Thank you Crucial Point, Bleek, Trizzle, Darkstar
  • #1,247
  • Sep 2, 2009 12:31am Sep 2, 2009 12:31am
Quoting sinner-
Flat kumo occur on high TF when price is ranging above or below it. During these period flat kumo acts as a pivot point and attract price towards it. So we say when high TF kumo flat she not safe to trade because price might return to kumo rather than follow trend.
Brilliant... that finally makes sense.
  • #1,248
  • Sep 2, 2009 12:37am Sep 2, 2009 12:37am
Quoting vic_elc
you can open a demo account in MT4

check this out

http://www.alpari.co.uk/en/new_to_ma.../download.html
Sure Vic.

Any opinions? Anybody? Actually it's hi risk. But, worth to try

http://lh6.ggpht.com/_qvrPw-tGnJA/Sp...soTP8/AUD1.jpg

http://lh5.ggpht.com/_qvrPw-tGnJA/Sp...E73gc/AUH1.jpg

http://lh3.ggpht.com/_qvrPw-tGnJA/Sp...A5vE/AUM15.jpg

http://lh4.ggpht.com/_qvrPw-tGnJA/Sp...cA9pE/AUM5.jpg
Better a realistic small pip than a fantasy big pip
  • #1,249
  • Sep 2, 2009 1:18am Sep 2, 2009 1:18am
The market is a dog's breakfast today... nothing good to trade until tonight... bah.
  • #1,250
  • Sep 2, 2009 1:29am Sep 2, 2009 1:29am
Hi guys...
Glad to see finally some people using Ichimoku...
What do you guys trade on ?.
im trading GBP , EUR, and GOLD.

what time frame do you guys trade?? 1h?

Anyone trading similar pairs.. please msg me
  • #1,251
  • Sep 2, 2009 1:30am Sep 2, 2009 1:30am
Quoting drwasho
The market is a dog's breakfast today... nothing good to trade until tonight... bah.
I take G/J long from 150.21, she doing ok
  • #1,252
  • Sep 2, 2009 1:34am Sep 2, 2009 1:34am
Quoting sinner-
I take G/J long from 150.21, she doing ok
i think you made a mistake. we have a strong down trend and should wait for pullback
  • #1,253
  • Sep 2, 2009 1:50am Sep 2, 2009 1:50am
there are just 12 members here

So its understandably quiet in here....but lol someone reply!
  • #1,254
  • Sep 2, 2009 1:50am Sep 2, 2009 1:50am
Quoting $aly
i think you made a mistake. we have a strong down trend and should wait for pullback
My friend there is a flaw in your logic. The reason you say should not long and I should wait for short is because she go up? Please check some of my past posts I do not simply buy at random times and hope she go up I use my own Ichi signals to decide when to scalp long!

I exit here +22 Entry at red triangle (fill at 150.21) exit at blue box. Although I think she go all the way back up to 152.1 from here.
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  • #1,255
  • Sep 2, 2009 2:01am Sep 2, 2009 2:01am
Quoting sinner-
My friend there is a flaw in your logic. The reason you say should not long and I should wait for short is because she go up? Please check some of my past posts I do not simply buy at random times and hope she go up I use my own Ichi signals to decide when to scalp long!

I exit here +22 Entry at red triangle (fill at 150.21) exit at blue box. Although I think she go all the way back up to 152.1 from here.
You're a bolder man than I am... I'll give you that.
  • #1,256
  • Sep 2, 2009 2:16am Sep 2, 2009 2:16am
Guys.. help out a new ichimoku trader here please

1. What time frame has seemed to work well here?
2. any particular pair that seems to give better results?
  • #1,257
  • Sep 2, 2009 2:16am Sep 2, 2009 2:16am
Mission accomplish. The troops reach tip top VP at 0.8340 in the AU battlefield. Now, retreat first. Want to lunch.

http://lh4.ggpht.com/_qvrPw-tGnJA/Sp...10AUDUSDcl.jpg
Better a realistic small pip than a fantasy big pip
  • #1,258
  • Sep 2, 2009 2:19am Sep 2, 2009 2:19am
drwasho, remember we are soldiers. We have our orders and like them or not we must carry them out! Bold or brave has nothing to do with it: General Ichimoku give the order and I must carry them out.

We have just been discussing flat kumo and you cannot see why I make this long still? Look at your M15. You can see price ranging between 150.25 and 149.7 all day long (green lines). We see M15 flat top kumo developing (blue rectangles), as well we see M5/15 Chikou exhaustion at 149.24 (red line) and she reverse direction (kumo even flat top here).

Because Chikou exhaustion register on high TF we wait for lower TF to take entry so: we wait for M5 above cloud, TS cross KS to the upside and price inside Chikou span. All conditions are met and we take long. We are only expecting price to return to flat top kumo at M15 senkou B so we TP just below there.

As I mention in my first post on Chikou exhaustion we can observe PA once she has return to kumo and decide whether to re-enter the trend (e.g. in this case close long and enter short). In this case I manage to short from 150.49 and TP at +42 to give me +66 all up in less than 30 mins.

Do you see now?

EDIT:
Quoting $maker
Guys.. help out a new ichimoku trader here please

1. What time frame has seemed to work well here?
2. any particular pair that seems to give better results?
Please read thread from beginning, both your questions are covered multiple times.
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  • #1,259
  • Sep 2, 2009 2:21am Sep 2, 2009 2:21am
Sinner,

you seem to have a very strong understanding of ichimoku,

I am just confused on the right time frame... coz thats whats been hurting me...

Help me out here bro..!


Also.. whats the best way to locate an exit point...
  • #1,260
  • Sep 2, 2009 2:23am Sep 2, 2009 2:23am
Here is my statement so you not think I lie about my trades:
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