Ichimoku forever | Page 117 | 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

  • #2,321
  • Sep 14, 2009 2:05am Sep 14, 2009 2:05am
Quoting 4xAddict
Hi Everyone,

I have mentioned the research of Joel Kruger over at Dailyfx.com a few times because I strongly respect his opinion.

While I don't trade with the contrarian/swing style patterns that he uses, mentally as a trader he always 110% researches and thinks through all of his trades.

I just received this little reminder from him about trading psychology and it's dead on the money.

Enjoy.

[i]"AVOID THE SPLIT PERSONALITY

It is critical to know exactly what type of trader you are before establishing a position. If you commit...
Great post and so true...
Attitude can reflect outcome in life and trading!
  • #2,322
  • Sep 14, 2009 2:06am Sep 14, 2009 2:06am
Plan your trade and trade your plan!!!
Trading 101
Attitude can reflect outcome in life and trading!
  • #2,323
  • Sep 14, 2009 2:25am Sep 14, 2009 2:25am
Quoting 4xAddict
“All A Long-Term Trade Is…..Is A Short-Term Trade Gone Bad.”

Similarly, those with longer-term ideas, should not be quick to book profits on a winning trade. This will skew trading results and produce an undesirable performance outcome. At the end of the day, the lesson is to avoid the split personality and stick to your initial plan of attack. "
Amen; great post.
Steve
  • #2,324
  • Sep 14, 2009 2:30am Sep 14, 2009 2:30am
Quoting krmo
Plan your trade and trade your plan!!!
Trading 101

Also:- Fail to plan. - Plan to fail

N.

PS. Great thread
  • #2,325
  • Edited 2:50am Sep 14, 2009 2:38am | Edited 2:50am
Could someone take a minute of their valuable ichi time to help me with this question I asked 12 hours ago on post 2245? It would be greatly appreciated. I think I know the answer but my intuition in forex hasn't been so good.

Thank you,

Steve

a copy of post 2245.............


For what I now know I start my trading day checking if day chart price is perfect for entry; If so and I can stomach the large stoploss required, enter. However, I will likely never enter any TF larger than 4h.

So next check the 4h for entry if perfect signal setup, or continue on to 1h but only if 4h is out of the cloud in same direction as day chart.

Continue checking each TF in same way as above, stopping to enter at the next lower TF that sets up a perfect signal that agrees with the 1h and higher cloud.

This is how we trade.

Question I still have is: if the 30m is not a perfect signal but on correct side of cloud of 1h and higher, can I enter a 15m or 5m perfect signal while awating the 30m to perfect itself? Or should I stop at the 30m chart watching for it to be a perfect signal first and then consider the 15m and when it is a perfect signal I can finally watch the 5m for a perfect signal?

Your help is appreciated very much,

Steve
  • #2,326
  • Sep 14, 2009 3:04am Sep 14, 2009 3:04am
Quoting stevewide
Could someone take a minute of their valuable ichi time to help me with this question I asked 12 hours ago on post 2245? It would be greatly appreciated. I think I know the answer but my intuition in forex hasn't been so good.

Thank you,

Steve

a copy of post 2245.............


For what I now know I start my trading day checking if day chart price is perfect for entry; If so and I can stomach the large stoploss required, enter. However, I will likely never enter any TF larger than 4h.

So next check the 4h for entry if perfect...

Steve

TREND IS YOUR FRIEND

is it the signal who shows us the trend ??!!, no it is not the signal it is the cloud so if the price is below the cloud in any TF this means a down trend , we need the signal just to confirm that the trend is resuming. as higher the TF as stronger the trend is
ex: if the price is below the Kumo on daily Chart this means that we can go with a signal from 4Hrs or 1Hr or 30Min or 15Min or 5Min , no need to have a signal on Higer TF to confirm the one on the lower , we need the signal on the lower TF to be following the trend on the higher TF

is it clear now ??!!

cheeers
  • #2,327
  • Sep 14, 2009 3:04am Sep 14, 2009 3:04am
Quoting stevewide
Could someone take a minute of their valuable ichi time to help me with this question I asked 12 hours ago. It would be greatly appreciated. I think I know the answer but my intuition in forex hasn't been so good.

Thank you,

Steve
Hi Steve,
Here is an example of what I am tracking:
USDJPY
I won't post the charts for the Monthly and Weekly but check them out..
Full on bearish...
Here is the Daily...it is in alignment!!!!
Let us not forget price action...we have a pullback happening...

Attached Image (click to enlarge)
Click to Enlarge Name: usdjpydaily.gif Size: 23 KB


So I drop to the 4 hour chart and wow!!! 4 hour trend is also down...
we get a better picture of the pullback..
So here comes the hard part...patience... where can we expect to price action to stop???
The top of the gray area is the daily Ts..the bottom is the 4 hour Ts..
For me, when price gets to this area I will be looking for the smaller time frames to come in-line with the bearish trend (price below kumos, TsKs crosses)

Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy4hour.gif Size: 20 KB


And finally when all looks good I look for that 5 minute strong signal!!!

Another question that was brought up was what if we have 5,15,30 all good but the 1 hour still not perfect.. to me there in lies the experience factor...
How well do you know the pair? which time frames respond the best to that pair...

If unsure then have patience and wait...
We are looking for the best edge to get our money in..!!!
Attitude can reflect outcome in life and trading!
  • #2,328
  • Sep 14, 2009 3:09am Sep 14, 2009 3:09am
Quoting 4xAddict
Hi Everyone,

I have mentioned the research of Joel Kruger over at Dailyfx.com a few times because I strongly respect his opinion.

While I don't trade with the contrarian/swing style patterns that he uses, mentally as a trader he always 110% researches and thinks through all of his trades.

I just received this little reminder from him about trading psychology and it's dead on the money.

Enjoy.

[i]"AVOID THE SPLIT PERSONALITY
  • #2,329
  • Sep 14, 2009 3:21am Sep 14, 2009 3:21am
Quoting vic_elc
is it the signal who shows us the trend ??!!, no it is not the signal it is the cloud so if the price is below the cloud in any TF this means a down trend , we need the signal just to confirm that the trend is resuming. as higher the TF as stronger the trend is
ex: if the price is below the Kumo on daily Chart this means that we can go with a signal from 4Hrs or 1Hr or 30Min or 15Min or 5Min , no need to have a signal on Higer TF to confirm the one on the lower , we need the signal on the lower TF to be following the trend on the higher TF
Hello kumo warriors so if the the price is above the cloud in daily and 4Hrs but below the cloud in other lower TF (1Hr.30Min.15Min.5Min)
Can I open a short trade in 1Hr or in lower TF only ?
Thanks for your clarification.
  • #2,330
  • Sep 14, 2009 3:23am Sep 14, 2009 3:23am
Quoting Thierry89
Hello kumo warriors so if the the price is above the cloud in daily and 4Hrs but below the cloud in other lower TF (1Hr.30Min.15Min.5Min)
Can I open a short trade in 1Hr or in lower TF only ?
Thanks for your clarification.
No this will be so risky , as long as the trend on higher TFs doesn't support the ones on lower TFs we better search for another pair
is it clear ??!!

cheers
  • #2,331
  • Sep 14, 2009 3:29am Sep 14, 2009 3:29am
I hope some of you got a small piece of that sell signal. lol That is not exactly what I was wanting to see, I expect a correction to go into the 4400 area or 4300 area. To me-price look like it is ranging. Let's see what NY does huh?

Cheers!
  • #2,332
  • Sep 14, 2009 3:32am Sep 14, 2009 3:32am
Quoting stevewide
Could someone take a minute of their valuable ichi time to help me with this question I asked 12 hours ago on post 2245? It would be greatly appreciated. I think I know the answer but my intuition in forex hasn't been so good.

Thank you,

Steve

a copy of post 2245.............


For what I now know I start my trading day checking if day chart price is perfect for entry; If so and I can stomach the large stoploss required, enter. However, I will likely never enter any TF larger than 4h.

So next check the 4h for entry if perfect signal setup,...

Steve-in the end you have to pull the trigger, I have taken trades like this but I keep my eye on the key level on the 30m. Keep this area in mind as a target if it stalls and watch for it to break for continuation. Hope that helps.
  • #2,333
  • Sep 14, 2009 3:33am Sep 14, 2009 3:33am
Quoting Thierry89
Hello kumo warriors so if the the price is above the cloud in daily and 4Hrs but below the cloud in other lower TF (1Hr.30Min.15Min.5Min)
Can I open a short trade in 1Hr or in lower TF only ?
Thanks for your clarification.
Hi Thierry,
Take a look at my last post and the USDJPY...
The 1 hour up to the Monthly are all under the Kumo...
but the 5 and 15 are above and the 30 min. is in the kumo...
If I was to enter short here I may suffer a large draw down and get stopped out.. Also where would I put my stop...there would be no logical place for it at the moment...

So instead I will wait for price action to trade below the Kumos on the lower tfs... This will let me know the pullback on the 4 hour should be coming to an end...
Attitude can reflect outcome in life and trading!
  • #2,334
  • Sep 14, 2009 3:34am Sep 14, 2009 3:34am
Hey guys,

Just noticed that there are some tempers flaring between individuals within the forum. I agree with Vic, it's not worth having attitudes between people. Having said that, a forum is not always the best medium to express one's self. What can be a joke or light-hearted comment can come across very differently over a forum. Also we need to factor in that not everybody's English is on the same level, so there is some 'lost in translation'.

I'd just encourage everyone to let the past go, take a deep breath, give the benefit of the doubt and move on. Also have a second look at what you've written in response to people (particularly newbies), just to make sure there isn't any language that may be interpreted the wrong way.

Happy traders make good trades.

God bless,

Doc
  • #2,335
  • Sep 14, 2009 3:36am Sep 14, 2009 3:36am
My brothers! Kumo Warriors! Let us go out and get the glory. Let us go out to the battle And defeat the enemy !
From last week Kumo Warriors were here to help you. We covered the analysis for the following pairs EURJPY-EURUSD-GBPJPY-AUDUSD-GBPUSD-USDCAD-USDJPY
we provided you with the following reports :
WEEKLY REPORT ( provided before Monday covering the analysis of the big picture for the week ahead )
DAILY REPORT ( provided before London's session covering the analysis of the day ahead )
TRADE REPORT ( provided after each deal we take )

All the reports can be found on the team Archive Folder ( http://www.4shared.com/dir/19807073/...5/sharing.html)

our E-mail :[email protected] feel free to ask about anything


Last Week productivity

USD/JPY 3 trades 238 pip
GBP/USD 2 trades 130 pip
USD/CAD 1 trade 74 pip
GBP/JPY 1 trade -25 pip
AUD/USD 1 trade -37 pip
EUR/JPY 1 tade +50 pip
P:537
L:62

also it is attached in here

welcome to the new era and enjoy your flight with KUMO WARRIORS
Attached File(s)
File Type: pdf Week1Productivity.pdf   35 KB | 276 downloads
  • #2,336
  • Edited 4:01am Sep 14, 2009 3:45am | Edited 4:01am
here's how I made 438 pips last night.
played on lower TF only.
Attached Image (click to enlarge)
Click to Enlarge Name: gushort438pips140909.jpg Size: 119 KB
  • #2,337
  • Sep 14, 2009 3:55am Sep 14, 2009 3:55am
Ladies and Gentlemen...

I have created a private chat room for all Ichimoku traders on this thread.

http://www.chatzy.com/366889644961

Type in the username of your choice and let's get rolling with real-time trading. I'll be in there for the next hour if anyone wants to jump in.

God bless,

Doc
  • #2,338
  • Sep 14, 2009 3:55am Sep 14, 2009 3:55am
Vic, Krmo, and Calderone:

I think I got it. Time will tell. I will study this alot more. Still get confused reading so much but I think it will be simple soon.

Calderone:
The comment about watching 30m was confusing. I think you meant that it is a good TF to monitor once the upper TF's have cloud agreement and you rarely trade against it...and maybe reading between the lines you use the 30m for strong support and resistance.

Thanks for so much time. I'll try not to ask anything for a while and catch up with what you are teaching already. I tend to wear people out asking questions.

Steve
  • #2,339
  • Sep 14, 2009 3:56am Sep 14, 2009 3:56am
Quoting drwasho
Ladies and Gentlemen...

I have created a private chat room for all Ichimoku traders on this thread.

http://www.chatzy.com/366889644961

Type in the username of your choice and let's get rolling with real-time trading. I'll be in there for the next hour if anyone wants to jump in.

God bless,

Doc
One more thing:

1) Try and use your nickname's from the forum

2) When you enter the room, click the link on the bottom to join the chat room.

God bless,

Doc
  • #2,340
  • Sep 14, 2009 4:00am Sep 14, 2009 4:00am
Quoting drwasho
One more thing:

1) Try and use your nickname's from the forum

2) When you enter the room, click the link on the bottom to join the chat room.

God bless,

Doc

DOC
4 traders viewing now