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Ichimoku forever

  • #2,741
  • Edited 6:14am Sep 16, 2009 5:33am | Edited 6:14am
Possible buy on the NZDJPY 30min chart?

http://www.sidekicker.net/Ichi/NZDJPY_20090916_1.jpg
  • #2,742
  • Sep 16, 2009 5:37am Sep 16, 2009 5:37am
Quoting benkm108
Cheers for the advice 4x, yeah i see a strong support there, it looks like it might want to break it though, and if so it would be nice to be in for the ride, if we get a m5 cross of Ts/Ks im going to get in with small amount, see if it breaks support

Thanks



Edit: on more investigation, price is quite overextended from the kumo, and the chikou span is not below the price curve on the M5, which is not a strong signal, i will be thinking twice. thanks 4x
Not a problem at all mate, here to help.

As I said though you're logic is correct! It's showing all the likely signs that it will break again. Just before NY open today there is some highly market sensitive news (12.30GMT) - Core CPI and then at 1.00pm GMT there is the nett investment flow reading.

If these are good for the USD then the U/J will likely bounce a bit and the resulting short term weakness in the JPY will probably help the G/Y a little higher.

Once NY opens, I think the true reaction to the news will become apparent and the overall market sentiment will resume its path so we could see some great opportunities if the G/Y does drop. Nearest support I can see is the Weekly kumo base around 144.00 which would be some great pips on a longer term trade!!

Looks like the 5min kumo base has caught it as I am typing this however once NY opens we should be past the flat top section and relatively free to move again.

Cheers!
  • #2,743
  • Sep 16, 2009 5:43am Sep 16, 2009 5:43am
Quoting Keyser
Hi to all,
I'm new to Ichi and I would like to know what is your risk/reward ratio per trade using Vic's system?
Thank you all for you great thread, especially Vic!
Hi Keyser,

Depends on the trade however never less than 1:1.

Due to the volatility on each pair being markedly different some pairs need larger SL's than others however this is never normally more than 50pips. Profit target is always 50 pips or above.

Many guys like to bank profits at 20pips and then close half with stop to break even after that which is good (conservative) money management. However those of us looking to trade slightly longer term we just follow the price down with the KS as our moving SL position. Generally follow the KS on the longer TF chart that we are using as our primary guide for price direction. i.e if you enter on the 4hr chart your SL would move with the 4hr KS.

Cheers!
  • #2,744
  • Edited 6:40am Sep 16, 2009 5:45am | Edited 6:40am
Quoting SanMiguel
Possible buy on the NZDJPY 30min chart?
http://www.sidekicker.net/Ichi/NZDJPY_20090916_1.jpg
http://www.sidekicker.net/Ichi/NZDJPY_20090916_1.jpg
Hi mate,

Can't help you on this one sorry, my broker doesn't offer this pair. The immediate term yen weakness that we are seeing may be good for a few pips though on both N/J and A/J.

Not sure if it will last much past NY open though. The Japanese finance minister told the BBC today that they will not intervene in the currency markets which is a reversal of gov policy for the last few decades.

This is bound to reassure the Yen bulls at some stage.

Cheers.
  • #2,745
  • Sep 16, 2009 5:54am Sep 16, 2009 5:54am
Quoting 4xAddict
Hi Keyser,

Depends on the trade however never less than 1:1.

Due to the volatility on each pair being markedly different some pairs need larger SL's than others however this is never normally more than 50pips. Profit target is always 50 pips or above.

Many guys like to bank profits at 20pips and then close half with stop to break even after that which is good (conservative) money management. However those of us looking to trade slightly longer term we just follow the price down with the KS as our moving SL position. Generally follow the KS on...
Thank you very much. It's much appreciated to have such help from great trader like you.
Cheeers
  • #2,746
  • Sep 16, 2009 6:18am Sep 16, 2009 6:18am
Guys careful about A/J or N/J long here, we are approaching daily R1 and PA had trouble closing this level on the H4 previously today.
  • #2,747
  • Sep 16, 2009 6:37am Sep 16, 2009 6:37am
I have been trading for five years now, I have never used this indicator. After reading the explanation on the thread, I may take a try. I would like to share my trading experience with any of you. pls add me at facebook, marshall
  • #2,748
  • Sep 16, 2009 6:44am Sep 16, 2009 6:44am
Hi everybody,

I was out yesterday, sorry for that, now back on the market here you're the Daily Report of EURJPY.
Attached File(s)
File Type: pdf Daily0916.pdf   136 KB | 386 downloads
  • #2,749
  • Sep 16, 2009 6:45am Sep 16, 2009 6:45am
Quoting SanMiguel
Possible buy on the NZDJPY 30min chart?

http://www.sidekicker.net/Ichi/NZDJPY_20090916_1.jpg

Hey I noticed how you guys seem to have a ichi program running on your charts? how can i get a hold of this?

thanks
TRUE MARKET PIRATE FOREVER!!! TAKE WHAT YOU CAN AND GIVE NOTHING BACK!
  • #2,750
  • Sep 16, 2009 6:59am Sep 16, 2009 6:59am
Hi Sanmiguel,

Are you able to post your ichi indicator that you use on your charts for me.

I will add it to the archive so that people can DL it easily if that is ok with you?

Let me know.

Cheers.
  • #2,751
  • Sep 16, 2009 7:03am Sep 16, 2009 7:03am
Quoting 4xAddict
Hi Sanmiguel,

Are you able to post your ichi indicator that you use on your charts for me.

I will add it to the archive so that people can DL it easily if that is ok with you?

Let me know.

Cheers.
Yes, I'm just making a few changes to it and will send out another version asap.
I don't want people to think this is an immediate BUY/SELL signal - it simply indicates that some crosses have occurred on certain timeframes and that means you should have a look at the charts.
  • #2,752
  • Sep 16, 2009 7:19am Sep 16, 2009 7:19am
Hi Everyone,

We might be looking at another sell opportunity on the G/Y at present.

If the next 5min candle closes below the kumo I might look for an entry on the 1 min chart.

Will keep you posted.

Cheers.
  • #2,753
  • Sep 16, 2009 7:19am Sep 16, 2009 7:19am
Went 2 for 3 overnight and captured over 50pips I was just wondering if anyone else had gotten in on a short U/CH last night and got stopped out? Looking to see if anyone else saw what i saw and just got bit
Thanks guys,

FkFx
  • #2,754
  • Sep 16, 2009 7:26am Sep 16, 2009 7:26am
Entry - 148.96
SL - 149.36
Targeting 148.00 - depending on any resistance around 148.50 may take half off and move SL to BE.

Cheers.
  • #2,755
  • Sep 16, 2009 7:41am Sep 16, 2009 7:41am
Quoting 4xAddict
Entry - 148.96
SL - 149.36
Targeting 148.00 - depending on any resistance around 148.50 may take half off and move SL to BE.

Cheers.
Hi my friend, I'm following your trade, the TsKs cross it's clear on 15M chart and the Trend it's also clear on Higher TF.
Attached Image (click to enlarge)
Click to Enlarge Name: GJTrade.gif Size: 24 KB
  • #2,756
  • Sep 16, 2009 7:46am Sep 16, 2009 7:46am
Everything looks good and i jumped in at 148.99. Keeping it a 1:1 ratio so looking at TP .59 and SL 9.39. Take it away ichi
  • #2,757
  • Sep 16, 2009 7:46am Sep 16, 2009 7:46am
Trend is your friend.
Attached Image (click to enlarge)
Click to Enlarge Name: a.gif Size: 28 KB
  • #2,758
  • Sep 16, 2009 7:54am Sep 16, 2009 7:54am
Daily R1 at 78.86, tested 4 times today so far.
  • #2,759
  • Sep 16, 2009 8:01am Sep 16, 2009 8:01am
Quoting sinner-
Daily R1 at 78.86, tested 4 times today so far.
If it has tested and not broken, wouldn't that be a sign that a reverse is forthcoming?
  • #2,760
  • Sep 16, 2009 8:03am Sep 16, 2009 8:03am
Quoting 4xAddict
Entry - 148.96
SL - 149.36
Targeting 148.00 - depending on any resistance around 148.50 may take half off and move SL to BE.

Cheers.
Spot on again mate
Stunned at how good you are. lol
Make these sort of calls next week please
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