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Ichimoku forever

  • #1,681
  • Sep 7, 2009 2:44pm Sep 7, 2009 2:44pm
Quoting $maker
Ok.. let me give you guys a good laugh

So i have like 3000$ deposit in my account... just started
I made 100$ for the day
then i saw an opportunity to scalp in gold...
So i shorted it... with a TP at 1$ and SL at 1$ ... 0.1lot
Close the pc and went to sleep

When i woke up i realised i had been stopped out..
But.. instead of 0.1
i had put 10 lots
.. so i lost 10x1x100 - $1000 that day itself...

and the rest as they say is history
Hi $Maker,

Similar scenario a while back for me, my trading platform is a java based engine which runs an autodownload from the web whenever I run it.

It defaults to a standard lot size 5 times my normal acceptable risk %.

Of course, I place a trade without checking what I thought was set as the lot size and it goes the wrong way to the tune of 5 x my acceptable SL value.

On the brighter side, I made it back within a couple of weeks so I am sure with the help of the Warriors all will be returned to normal soon.

It only ever happens once

Cheers!
  • #1,682
  • Sep 7, 2009 3:01pm Sep 7, 2009 3:01pm
Quoting 4xAddict
Hi Samer,

If you got on this one, I would like to understand what you saw as a valid ichi entry point? If you can spare a minute to clarify it.

Once again, if you were on it - great trade!

Cheers.
HYO 4xAddict,

You still up or just starting day?

My location = West US Bay Area CA. so this is my time to be up.

Did you get a chance to read my CHFjpy analysis?

If so, any remarks appreciated.
fxScavenger Arrogance is just Ignorance misspelled. abso-PIPn-lutely
  • #1,683
  • Sep 7, 2009 3:42pm Sep 7, 2009 3:42pm
[quote=fxScavenger;3031257]HYO 4xAddict,

You still up or just starting day?

My location = West US Bay Area CA. so this is my time to be up.

Did you get a chance to read my CHFjpy analysis?

If so, any remarks appreciated.

Hey Scavenger,

Just heading to bed here in London so that I can see some of Asia and get my pre-London daily report completed.

Will check your analysis and give you any relevant feedback - if there is any required

Keep a close eye on the yen crosses in the Asian session, I think they may regain a bit of the lost ground from today's nothing session with you guys on holidays!!

Talk soon.

Cheers.
  • #1,684
  • Sep 7, 2009 4:04pm Sep 7, 2009 4:04pm
Hi all,
So we tried to take this pair long during the euro session.
As has already been stated with todays US holidays trading was going to be thin. With this in mind we were trading with price sitting just below the Daily Kijun-sen with Kumo just above. That is pretty strong resistance levels.

In hindsight we just were not going to have the volume to push through this level.

Note: For myself I should have stuck to my bearish sentiment and stepped aside.

Here is an updated Dialy Market Review for the GBPUSD
Attached File(s)
File Type: pdf GBPUSDdailyUpdate07-Sep-2009.pdf   113 KB | 378 downloads


A thought for those EA coders out there:
we need a Forecasting Hindsight Indicator - We could make millions!!!
Attitude can reflect outcome in life and trading!
  • #1,685
  • Sep 7, 2009 4:46pm Sep 7, 2009 4:46pm
Quoting $maker
Ok.. let me give you guys a good laugh

So i have like 3000$ deposit in my account... just started
I made 100$ for the day
then i saw an opportunity to scalp in gold...
So i shorted it... with a TP at 1$ and SL at 1$ ... 0.1lot
Close the pc and went to sleep

When i woke up i realised i had been stopped out..
But.. instead of 0.1
i had put 10 lots
.. so i lost 10x1x100 - $1000 that day itself...

and the rest as they say is history
Omg...sorry to hear! But it's a great story you can tell to your friends and laugh about later on in life....classic story of fat-finger trading...lol

My biggest fat-finger trade cost me something like $90 in two seconds when I tried to kill a mosquito near my keyboard...executed a 1 lot trade!!! Was like "Hang on...wait a sec, oh s$^& s$^& s$^&!!?!"

Whoops...

Chngster
Thank you Crucial Point, Bleek, Trizzle, Darkstar
  • #1,686
  • Sep 7, 2009 4:50pm Sep 7, 2009 4:50pm
Quoting chngster
Omg...sorry to hear! But it's a great story you can tell to your friends and laugh about later on in life....classic story of fat-finger trading...lol

My biggest fat-finger trade cost me something like $90 when I tried to kill a mosquito near my keyboard...executed a 1 lot trade!!! Whoops...

Chngster
One of my few Ooops trades was not even me. My cat walked across my desk when I had my order form up and entered a trade with 4 minis. I didn't notice for about 10 mins. But he made us +12 pips!!!! He was a better trader than I at the time!!!
Attitude can reflect outcome in life and trading!
  • #1,687
  • Sep 7, 2009 5:00pm Sep 7, 2009 5:00pm
Quoting krmo
One of my few Ooops trades was not even me. My cat walked across my desk when I had my order form up and entered a trade with 4 minis. I didn't notice for about 10 mins. But he made us +12 pips!!!! He was a better trader than I at the time!!!
At least it was a net positive result. I didn't even manage to kill the mozzie!!! Little bugger... *shakes fist in vain*

Thank you Crucial Point, Bleek, Trizzle, Darkstar
  • #1,688
  • Sep 7, 2009 5:01pm Sep 7, 2009 5:01pm
Also at 4shared.

Cheers!!
Attached File(s)
File Type: pdf EU daily 9 8.pdf   104 KB | 367 downloads
  • #1,689
  • Sep 7, 2009 6:03pm Sep 7, 2009 6:03pm
Hi guys,

Quote
With all possible respect the the fine work here I would like to point out some things about the GBPUS trade that was suggested here today. On the H4 the candle had just cleared the kumo when the trade was taken. The candle had just poked above the cloud and stopped on R1. This was at the end of a rise in price during the day and the threat of this being the high for the day was at least shown as possible.

I have learned a great deal about this system from the posters here and defer to their knowledge, but for me, this trade looked risky especially...

Looks like lots of people got stopped out going long last night. I warned you about going long at the top. Seems this has happened more often than we would like over the last few days. I managed to hold my shorts through the storm and woke up this morning to +60 from G/J and E/U shorts. Seems I trade better when I'm not at the computer

We really need to keep in mind that during a reversal (for example, of a major downmove) dynamic systems like Ichi will provide us maybe 4 or 5 reversal signals and the last one will almost always be FALSE (i.e. downmove continue). Experienced traders will have spotted this sort of thing hundreds of times with many low TF systems.

I am really looking forward to getting internet back at home so can share my work with you as mentioned there is a JMA Ichi happening as well as a conservative M5/15 Ichi EA and hopefully I can start contributing an A/J report to the warriors

My profession by trade is computer systems admin so if instead of a 4shared link and a gmail address you guys want to set up an actual kumowarriors.com let me know I can set it up!

Please keep it up warriors, green pips to all
  • #1,690
  • Sep 7, 2009 6:17pm Sep 7, 2009 6:17pm
Quoting sinner-
Hi guys,



Looks like lots of people got stopped out going long last night. I warned you about going long at the top. Seems this has happened more often than we would like over the last few days. I managed to hold my shorts through the storm and woke up this morning to +60 from G/J and E/U shorts. Seems I trade better when I'm not at the computer

We really need to keep in mind that during a reversal (for example, of a major downmove) dynamic systems like Ichi will provide us maybe 4 or 5 reversal signals and the last one will almost always...
I like the idea of the website... second.
  • #1,691
  • Edited 7:22pm Sep 7, 2009 6:50pm | Edited 7:22pm
Hello all the forexers out there

here are my thoughts about USD JPY for today , the picture still mixed
once the pair breaks the 1hr Kumo will be looking for a short entry

have a nice trading day all
cheers
Attached File(s)
File Type: pdf USDJPY-daily-08-SEP-2009.pdf   118 KB | 350 downloads
  • #1,692
  • Sep 7, 2009 7:13pm Sep 7, 2009 7:13pm
Quoting sinner-
Hi guys,



Looks like lots of people got stopped out going long last night. I warned you about going long at the top. Seems this has happened more often than we would like over the last few days. I managed to hold my shorts through the storm and woke up this morning to +60 from G/J and E/U shorts. Seems I trade better when I'm not at the computer

We really need to keep in mind that during a reversal (for example, of a major downmove) dynamic systems like Ichi will provide us maybe 4 or 5 reversal signals and the last one will almost always...

the warriors are still waiting for you , when you will get your internet fixed!!!!!!!!!!!!!
  • #1,693
  • Sep 7, 2009 7:41pm Sep 7, 2009 7:41pm
From yesterday's experience I'm going to reinforce the rules by:

1) Only entering a trade in the direction of the daily and weekly charts

2) If any of the daily or weekly charts are in the kumo, look for crosses and default over to what the 4 hour is saying

Vic what do you think, you've been at this a lot longer?
  • #1,694
  • Sep 7, 2009 7:43pm Sep 7, 2009 7:43pm
To add on to my last post, it's just that entering signals on the reversal of a major trend (daily and weekly) seems to stop me out more often than not.
  • #1,695
  • Sep 7, 2009 8:07pm Sep 7, 2009 8:07pm
Quoting drwasho
From yesterday's experience I'm going to reinforce the rules by:

1) Only entering a trade in the direction of the daily and weekly charts

2) If any of the daily or weekly charts are in the kumo, look for crosses and default over to what the 4 hour is saying

Vic what do you think, you've been at this a lot longer?
There is nothing wrong with taking a reversal signal, I explain several times already that if we are sure price is go down we must also be sure price take a breather in the opposite direction first. Otherwise price is just a straight line!

You simply took a no mans land reversal signal when the last safe longs were around when price cross up over H4 TS and ignore my warning last night about longing at the top.
  • #1,696
  • Sep 7, 2009 8:16pm Sep 7, 2009 8:16pm
Quoting sinner-
There is nothing wrong with taking a reversal signal, I explain several times already that if we are sure price is go down we must also be sure price take a breather in the opposite direction first. Otherwise price is just a straight line!

You simply took a no mans land reversal signal when the last safe longs were around when price cross up over H4 TS and ignore my warning last night about longing at the top.
Yeah I didn't see you warning last night while we were discussing the merits of gold! I don't completely exclude the possibility of trading a reversal, but for now I'd like perfect trading sure movements before experimenting with reversals.

God bless,

Doc
  • #1,697
  • Sep 7, 2009 9:27pm Sep 7, 2009 9:27pm
sorry mate
i didnt see your post until now .
first on daily we are below the cloud , so we are bearish . on 30 minutes we had a weak signal a cross above the cloud but it is still a cross not valid for an entry but still a cross showing that we are in a bearish momentum . and on 15 mn chart too same as 30 mn chart . finaly we have the 5 mn cross below the cloud . so why not getting in ?
regards
Quoting 4xAddict
Hi Samer,

If you got on this one, I would like to understand what you saw as a valid ichi entry point? If you can spare a minute to clarify it.

Once again, if you were on it - great trade!

Cheers.
  • #1,698
  • Sep 7, 2009 10:05pm Sep 7, 2009 10:05pm
Hello warriors, a nice sunny morning here.

Sad to here many wounded yesterday. Hopefully, can payback today. I see a raising of the southern enemy in many pairs battlefield this morning.
By the way I am trying to do an Ichimoku research :nerd:, but may not suitable to explain here. Read here if you want to. PM me if you will.

Enjoy
Better a realistic small pip than a fantasy big pip
  • #1,699
  • Sep 7, 2009 10:13pm Sep 7, 2009 10:13pm
Looks like gold passed $1000/oz: http://www.bloomberg.com/apps/news?p...d=aQX1jTKsEjS4
  • #1,700
  • Sep 7, 2009 10:21pm Sep 7, 2009 10:21pm
Quoting drwasho
Looks like gold passed $1000/oz: http://www.bloomberg.com/apps/news?p...d=aQX1jTKsEjS4
Trade what you see not what you hear, I don't see any gold above 998 anywhere and expecting 975 before we break 1000.

http://www.kitco.com/images/live/gold.gif

PS: Sorry fruitaly, your system has too much stuff on the screen for me. I like Ichi and that's it.
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