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Ichimoku forever

  • #3,301
  • Sep 20, 2009 5:16pm Sep 20, 2009 5:16pm
Quoting Giny
Hi all,

I am currently sitting on a long eurgbp trade on the 4hourly chart moving my stop with the 4 hourly KS + buffer. Here's to another great week with green pips for all!

Cheers,

Giny
hey mate

is this the same entry we did last week , if it is so , i am gonna kill mysalef because of this trade mate how come i miss such simple 4hr rule

wishi good luck with this trade
cheers
  • #3,302
  • Sep 20, 2009 5:18pm Sep 20, 2009 5:18pm
Good Morning Doc @ sinner

how are guys ??, today is a holiday i'll be out .
wish good luck

cheers
  • #3,303
  • Sep 20, 2009 5:22pm Sep 20, 2009 5:22pm
Brother and Sister Warriors, warmest greetings!

I especially want to thank Calderone for his EU Weekly recently posted.

He detailed several subtle pieces in his analysis that I truly appreciate.

Although the various TF trends are bullish he has alerted us to an impending decline, possibly brief or shallow, from the just turning flat K-S and the downturn in the Chikou Span marked with the circles.

This really helps me to look for IchiMoku's slightest signs and helps me better read the whole system.

Thanks to all who are so graciously sharing their analyses and, of course, of leader and chief swordsman, Vic.

Best to all, Forest
  • #3,304
  • Sep 20, 2009 5:26pm Sep 20, 2009 5:26pm
Quoting vic_elc
hey mate

is this the same entry we did last week , if it is so , i am gonna kill mysalef because of this trade mate how come i miss such simple 4hr rule

wishi good luck with this trade
cheers
Hey Vic,

Don't kill yourself over one trade . Remember one pip in the bag is worth ten in the bush (more relevant when talking about hunting ... but it works in trading too!) .

I actually jumped in halfway up, probably at the point you exited! For some reason, I was waiting for the trade to clear 0.8866 before I entered. All in all though, the thing I love about ichi is that it is just as applicable on 4 hrs as it is on 15 min, so it provides entries for both short and long term trades. My MM and RM rules are still in the making, however, one idea I have had is to trade two different ways.

1. 15m entries with SL following 15m KS looking for a profit of 50+ pips.

2. 4hr entries with SL initially following 15m KS looking for a clearance of first resistance area. Once this happens and pips are in the proverbial bag, then move SL with 4hr KS. Looking for a profit of 100+ pips.
  • #3,305
  • Sep 20, 2009 5:30pm Sep 20, 2009 5:30pm
Hello all

Please check GBP JPY Weekly report

have a nice week
Attached File(s)
File Type: pdf GBPJPY-weekly-21-seep-2009.pdf   110 KB | 429 downloads
  • #3,306
  • Sep 20, 2009 5:34pm Sep 20, 2009 5:34pm
Quoting Giny
Hey Vic,

1. 15m entries with SL following 15m KS looking for a profit of 50+ pips.

2. 4hr entries with SL initially following 15m KS looking for a clearance of first resistance area. Once this happens and pips are in the proverbial bag, then move SL with 4hr KS. Looking for a profit of 100+ pips.
a very good plan , i also started to change my mind some how about lower TFs

i think if i followed 5 pairs , i'll have the chance to find at least 1 complete signal on the 4Hrs and 1 complete signal on the 1hr during the week, these entries are so strong and the price react to them very good also they offer the same weekly target for me and may be more, very safe trades, stress free and i really mean it by stress free.
wishing you all the luck

cheers
  • #3,307
  • Sep 20, 2009 5:39pm Sep 20, 2009 5:39pm
Quoting Forest-Sea
Brother and Sister Warriors, warmest greetings!

I especially want to thank Calderone for his EU Weekly recently posted.

He detailed several subtle pieces in his analysis that I truly appreciate.

Although the various TF trends are bullish he has alerted us to an impending decline, possibly brief or shallow, from the just turning flat K-S and the downturn in the Chikou Span marked with the circles.

This really helps me to look for IchiMoku's slightest signs and helps me better read the whole system.

Thanks to all who are so graciously...
Just wanted to add that the next high is 14860 area from Sept last year. Price already took out a hi of 14718 from Dec. Weekly did close lower than that high, but we did have a daily close higher than 14718. Could there be a retrace before it heads up to the Sept 08 high, definitely. We'll just have to wait and see Just my two cents
  • #3,308
  • Sep 20, 2009 5:41pm Sep 20, 2009 5:41pm
Quoting vic_elc
i think if i followed 5 pairs , i'll have the chance to find at least 1 complete signal on the 4Hrs and 1 complete signal on the 1hr during the week, these entries are so strong and the price react to them very good also they offer the same weekly target for me and may be more, very safe trades, stress free and i really mean it by stress free.
wishing you all the luck

cheers
I completely agree! Although you are not trading as it is a bank holiday in Japan, I would be interested to know what pairs you would consider to be preparing for good entries on 4hrly or daily TFs in the next few days?
  • #3,309
  • Sep 20, 2009 5:47pm Sep 20, 2009 5:47pm
Quoting Giny
I completely agree! Although you are not trading as it is a bank holiday in Japan, I would be interested to know what pairs you would consider to be preparing for good entries on 4hrly or daily TFs in the next few days?
well so far u may check the gbpjpy, gbpusd, they will offer very good positions on the 1hr and 4hrs within this week i think

usdchf there is an entry on 1hr chart looks good .

but i'll be ready with my whole plan after london opens ,i'll make sure to share it in here

cheers
  • #3,310
  • Sep 20, 2009 5:51pm Sep 20, 2009 5:51pm
Guys

any one noticed the daily signal on the daily chart, i think if the Span closed today above the price we might see a strong move, i'll be watching this good entry


enjoy Giny
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  • #3,311
  • Sep 20, 2009 6:01pm Sep 20, 2009 6:01pm
Well spotted Vic,

I think we will see very strong Daily and 4 hrly signals for long entry coincide with a break of the senkou span B and the large kumo on the weekly. Once cspan clears price on 4 hourly and daily and price clears 79.75 / 80.00ish area, look out for big long movement!
Attached Image (click to enlarge)
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  • #3,312
  • Sep 20, 2009 6:02pm Sep 20, 2009 6:02pm
If A/J moves up from here guys you are essentially predicting an end to the long term down trend for the entire market.

There is bearish engulfing for A/J and Nikkei on the weekly charts these will be hard candle patterns to break. More likely we just continue to range here.
  • #3,313
  • Sep 20, 2009 6:02pm Sep 20, 2009 6:02pm
As you can see in my previous chart, I already have a pending order for a long trade at 80.30 . Just in case I am daydreaming when it happens.
  • #3,314
  • Sep 20, 2009 6:12pm Sep 20, 2009 6:12pm
As quoted ver batim; "Trend Following. ..How great traders make millions in up or down market" by Micheal Covel

Answer these five questions and you have the core components of a trend following trading system. You are on your way to having your edge:

1. How does the system determine what markets to buy or sell at any time?

2. How does the system determine how much of a market to buy or sell at any time?

3. How does the system determine when you buy or sell a market?

4. How does the system determine when you get out of a losing position?

5. How does the system deterrmine when you get out of a winning position?

Warriors...a turtle trader from the 80's has just described our system...simple to implement...easy to trade the trend...stop loss placement (risk management)...potential targets based on the chinkou span or previous lows. Lot size per stop loss management = pips above/below the cloud or KS.

The only question is "how much can you afford to put on and manage" and I think that is up to the individual trader.

Its all right brfore your eyes.

Just be patient...study...read...paper trade...become a warrior vs a blogger.

If you are confused or losing money on your trades....ask your self those five questions. Pull up a daily chart of your best pairs and really look and study the chart with these questions in mind.

humble golfer
  • #3,315
  • Sep 20, 2009 6:16pm Sep 20, 2009 6:16pm
Quoting Giny
As you can see in my previous chart, I already have a pending order for a long trade at 80.30 . Just in case I am daydreaming when it happens.
this is a very good trend, i think it will offer a position a the daily chart and some intra day moves during this week.
i'll put some money with this trend once it is clear

cheers
  • #3,316
  • Sep 20, 2009 6:17pm Sep 20, 2009 6:17pm
Quoting golferfx
As quoted ver batim; "Trend Following. ..How great traders make millions in up or down market" by Micheal Covel

Answer these five questions and you have the core components of a trend following trading system. You are on your way to having your edge:

1. How does the system determine what markets to buy or sell at any time?

2. How does the system determine how much of a market to buy or sell at any time?

3. How does the system determine when you buy or sell a market?

4. How does the system determine when you get out of a losing...
  • #3,317
  • Sep 20, 2009 6:19pm Sep 20, 2009 6:19pm
Looking at the weekly chart of AUDJPY you can see that the price is ranging at the top of the Kumo. It seems as though we're at a critical point of either ending a reversal, or breaking out up after a small pull-back.

I have a small conspiracy guess that next month sometime, there will be another crash of everything, in which case the price will bounce off the top of the kumo and sink below the 54.00 price line and much much lower. This is only true if you believe the Robert Prechter/Elliot wave forecast.

EDIT: BTW I have HA candles on my charts now.
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  • #3,318
  • Sep 20, 2009 6:24pm Sep 20, 2009 6:24pm
Either way there is no need to be impatient on our part.

Ichi will not give the breakout signal on high TF, she will only allow us to enter after the trend has been established.
  • #3,319
  • Sep 20, 2009 6:28pm Sep 20, 2009 6:28pm
Quoting sinner-
Either way there is no need to be impatient on our part.

Ichi will not give the breakout signal on high TF, she will only allow us to enter after the trend has been established.
Exactly...
  • #3,320
  • Sep 20, 2009 6:32pm Sep 20, 2009 6:32pm
Quoting drwasho
Looking at the weekly chart of AUDJPY you can see that the price is ranging at the top of the Kumo....
yes i totally agree with you that this is some how a risky position also due to the fact that Kumo is flat we might see a false break out, but also i consider the daily signal as a trend resuming alert, if the Ts weekly managed to support the move as it is doing for the last period we might test the year high again and may be a break for a new level , but this deal need a close eye to think and forecast day by day the price actions.
have nice day Doc

cheers

p.s what do you think about my chart new colors !!! is it better now ??
Attached Image (click to enlarge)
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