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Ichimoku forever

  • #2,521
  • Sep 15, 2009 4:02am Sep 15, 2009 4:02am
News came out but i can't see a big change in the moves

!!!!! i thought the EURO will take a good hit , but it is the CHF who is suffering now hehe

cheeers
  • #2,522
  • Sep 15, 2009 4:06am Sep 15, 2009 4:06am
Quoting vic_elc
For sure will do this once the deal start moving with the trend , moving the stop from the kumo to the Ks is something you decide upon the pair moves .
WHat about if the cross is hundreds of pips away from the kumo, could we use the Ks as an alternative stop in those cases on the longer timeframes?

The higher percentage trades seem to be crosses near the kumo in which case:
Daily, 4hr, 1hr: Use other side of kumo as stop, then trail by Ks once in reasonable profit. The only issue with this is that sometimes price can recross the Ks, which is not usually a good sign but our stop is still the other side of the kumo, eg the 1hr USDCHF trade.
http://www.sidekicker.net/SB/FX/USDC...I_20090915.jpg



Otherwise, we just use the Ks as the stop.
  • #2,523
  • Sep 15, 2009 4:13am Sep 15, 2009 4:13am
Quoting 4xAddict


You're hilarious!!
Glad you think its funny my loss ruin my perfect record for today hehe

I will call it as the cost of trading at work with my boss around

So I notice lots of chatter here about E/G well guys E/G is a favorite pair of mine above all others because it is a purely fundamental pair in my book all the other pairs move up and down based on risk appetite and bla bla bla but EUR/GBP is the fight of the worlds newest reserve currency vs the worlds oldest reserve currency! Remember before everything was priced in USD it used to be priced in GBP for many centuries!

I have been telling people to buy the E/G dips since 0.84 more than gold even! Why? The pound is fundamentally smashed in my view, and sooner or later E/G will reach 1.0 and above.

Traders and banks can short the euro all they like but since Sept 2008 in my opinion the pound will always fall faster and rise slower than the euro. Euro is correlated to SP500 and will try and follow it up and down but GBP cannot make a move without Euro permission now!

Tonight is big GBP news out. I am surprised to hear you say 4xAddict, about German ZEW data to push EUR up rather than what I dying to hear which is the GBP bad news!

Even the BoE say they cannot afford a strong pound! So I roll fundamentally with the Bank of England. But how can we profit from this fundamental position? If we fundamental short GBPUSD then we might get blown away every time USD falls or SP500 rises!

But...forex gods give us the perfect instrument: EURGBP. Now we have a way to bet against the pound all day long without worrying about SP500 rally blowing our position away.

All we need to do? Go long the dips and wait for fundamentals to kick in
  • #2,524
  • Sep 15, 2009 4:17am Sep 15, 2009 4:17am
Here is a chart to illustrate my point:
Attached Image
  • #2,525
  • Sep 15, 2009 4:25am Sep 15, 2009 4:25am
PS: 4xAddict I notice you mention increase pipsize because GBP is the righthand currency for this pair.

Well, firstly a good trader using MM should not be concerned with such things. You are only concerned with % of account risk! Do not be worried about which currency your pips is in until you have made them!

Secondly, I'm in Aus, so pips in GBP is good for me, I make 1.9*AUD or 2.6*USD pips
  • #2,526
  • Sep 15, 2009 4:33am Sep 15, 2009 4:33am
Yeah baby Yeah
Attached Image (click to enlarge)
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  • #2,527
  • Sep 15, 2009 4:36am Sep 15, 2009 4:36am
Took a 1m perfect reentry to enter the 4h strong signal ignoring the lower TF's that are all screwy for now. But the strong 4h signal is expected to rule. Any thoughts on how to enter a trade off 4h if it retraces to get a better price? Is the 1m perfect signal a good way? or should you just stay out and wait on the 1h signal?

GOD BLESS YOU and happy trading,

Steve

PS: building a perfect buy signal on 1h if it closes with t/k cross in 25 minutes as I write;
Attached Image (click to enlarge)
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  • #2,528
  • Sep 15, 2009 4:39am Sep 15, 2009 4:39am
Quoting vic_elc
Yes , the Higher TFs are the Key and they are the real trend and we never enter a deal on lower TFs against the Higher ones.
cheers
Great
Congrats on your EG
  • #2,529
  • Sep 15, 2009 4:43am Sep 15, 2009 4:43am
Hi vic,

Well done. What did I tell you. Pure fundamentals. Even with green news for GBP and worse than expected German ZEW, G/U still lose 100 odd pips to E/U.
  • #2,530
  • Sep 15, 2009 4:50am Sep 15, 2009 4:50am
Quoting sinner-
Hi vic,

Well done. What did I tell you. Pure fundamentals. Even with green news for GBP and worse than expected German ZEW, G/U still lose 100 odd pips to E/U.
i am a lucky man hehe

still able to cover my daily pips although i didn't work yesterday , i hope i'll get my usual weekly target , i miss my JPY
  • #2,531
  • Sep 15, 2009 4:54am Sep 15, 2009 4:54am
Quick question:
Quite a few of the currencies have been affected with large movements because of the news at 9:30-10:00. If news like this causes us to be "pushed" into a perfect position I presume this should be cause for concern. Do you wait to see whether the market continues with this perfect trend after the news subsides? Or do you take the perfect signal as soon as possible in the hope that the volatility caused by the news will continue to push the market your way.

Sorry that was a little long winded.
  • #2,532
  • Sep 15, 2009 4:55am Sep 15, 2009 4:55am
Quoting sinner-
PS: 4xAddict I notice you mention increase pipsize because GBP is the righthand currency for this pair.

Well, firstly a good trader using MM should not be concerned with such things. You are only concerned with % of account risk! Do not be worried about which currency your pips is in until you have made them!

Secondly, I'm in Aus, so pips in GBP is good for me, I make 1.9*AUD or 2.6*USD pips
I agree with you about the pound however my news based trade was focused on a Eur led rise rather than GBP weakness. Having lived in London for a while now and seeing what horrid shape the economy is in, it would not be at all surprising to see 90 and then a lead into the parity area for the E against the G.

Looks like old Mervyn King mentioning potential interest rate drops in the UK has provided the much wanted GBP weakness - . Got out on the poor EUR data and then back in on the Kin speech so managed to catch just under 30pips.

You amuse me with the work trading, I can imagine how my old boss would have handled that scenario - not well Pity it was a loss, could have just have easily been a gain. You should invoice for the losses!

The pip value advice was based on a couple of questions I had just received via PM. Lets just say that MM was not the strongest point.
  • #2,533
  • Sep 15, 2009 5:02am Sep 15, 2009 5:02am
Hi All,

G/Y has just had a dump based on the news that the UK may consider dropping interest rates again.

With this in mind and the NY open lurking. We will be looking for a 1hr candle close below the kumo for a potential sell trade entry. Once this occurs take a look at the lower TF's for a decent entry. Samer and Sinner have had some good Asian session success entering off the 15min charts so keep this one in mind!

For those looking at a more cautious entry, maybe wait for the 4hr candle to close in one hour's time below the TS.

I am going to look for a trade in the NY session with a sell entry around the 150.80-90 level as the SL point on the 5min charts would need to be over 90pips from the action at the moment which is not a great R:R ratio.

Cheers.
  • #2,534
  • Sep 15, 2009 5:05am Sep 15, 2009 5:05am
Quoting 4xAddict
I agree with you about the pound however my news based trade was focused on a Eur led rise rather than GBP weakness. Having lived in London for a while now and seeing what horrid shape the economy is in, it would not be at all surprising to see 90 and then a lead into the parity area for the E against the G.

Looks like old Mervyn King mentioning potential interest rate drops in the UK has provided the much wanted GBP weakness - . Got out on the poor EUR data and then back in on the Kin speech so managed to catch just under 30pips.

You amuse...
Hi 4xAddict, yes my boss does not like me trading at all but I instinctually do it anyway, can't help but trade Tokyo! My favorite session of the day, how can I not. It's in me!

-6 is a loss I can handle that is my A/J spread and another pip cut, take it out of my Nikkei short from today We just remember to not put the blame on Ichi for the loss because she give +20 no worries (meet >1:1 RR easy)

We should all understand that it isn't the news itself that is moving the market at all, rather the news is big boys play time, they adjust their positions at these times when liquidity is highesto to hide their true position.

What I mean is, someone wanted to sell a crap-tonne of GBP today regardless of what the news was, they were probably anticipating bad news but the spike just provided a better selling position for them. All the big boys know when the other big boys is doing this sort of thing and they move together. Nothing to really do with the news unless the numbers which come out are extremely far from what was "priced in".
  • #2,535
  • Sep 15, 2009 5:07am Sep 15, 2009 5:07am
Quoting 4xAddict
Hi All,

G/Y has just had a dump based on the news that the UK may consider dropping interest rates again.

With this in mind and the NY open lurking. We will be looking for a 1hr candle close below the kumo for a potential sell trade entry. Once this occurs take a look at the lower TF's for a decent entry. Samer and Sinner have had some good Asian session success entering off the 15min charts so keep this one in mind!

For those looking at a more cautious entry, maybe wait for the 4hr candle to close in one hour's time below the TS.

I am going...
I told this morning after I exit my G/J long that now we wait for H1 sell signal. She will come I promise. Tonight G/J will finally make up her mind I think.

Watch the H4 TS very close bro, because that look like a classic reversal upmove to me, using H4 TS as a springboard.

Remember, she is still ranging until we hit 148.99
  • #2,536
  • Sep 15, 2009 5:22am Sep 15, 2009 5:22am
71 pips on Eg in less than hour...oh yeah babe!

closed at 6/5/09 daily high.

Steve
  • #2,537
  • Sep 15, 2009 5:24am Sep 15, 2009 5:24am
Quoting stevewide
71 pips on Eg in less than hour...oh yeah babe!

Steve
Leaving this one to run?
USDCHF is coming down now off a bounce from the top kumo - hope it stays that way.
  • #2,538
  • Sep 15, 2009 5:24am Sep 15, 2009 5:24am
Quoting stevewide
71 pips on Eg in less than hour...oh yeah babe!

Steve
  • #2,539
  • Sep 15, 2009 5:36am Sep 15, 2009 5:36am
Quoting stevewide
71 pips on Eg in less than hour...oh yeah babe!

closed at 6/5/09 daily high.

Steve
Well done steve
  • #2,540
  • Sep 15, 2009 5:44am Sep 15, 2009 5:44am
am out guys from the deal @ 8870. will provide you with the report ASAP
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