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Ichimoku forever

  • #3,561
  • Sep 22, 2009 7:12am Sep 22, 2009 7:12am
oops didnt see previous chart
  • #3,562
  • Sep 22, 2009 7:16am Sep 22, 2009 7:16am
Quoting vic_elc
yes they will do for sure , if the price broke the Kumo 1Hr then means all the barriers are cleared , keep an eye on it to the the reactions on the TFs

cheers
On some trades, it is necessary to make our stop the other side of the 4hr Ks even though our entry might be on the 1hr. What is a good buffer to add to the stop loss past the Ks? I think 10pips is a bit too close for long term trades, the Ks regularly gets pierced by price by a bit more than that. 20pips? 25pips?
I know it depends upon the pair.
  • #3,563
  • Sep 22, 2009 7:26am Sep 22, 2009 7:26am
Quoting SanMiguel
On some trades, it is necessary to make our stop the other side of the 4hr Ks even though our entry might be on the 1hr. What is a good buffer to add to the stop loss past the Ks? I think 10pips is a bit too close for long term trades, the Ks regularly gets pierced by price by a bit more than that. 20pips? 25pips?
I know it depends upon the pair.

It depends on your risk level...if you are going to risk 1.5%-2% on that trade then just convert the math and put on the trade and stop loss. You might have 60 pip diference from KS and this is ok.

Think in terms of your risk management per trade. Also on the flip side if you have a 200 pip stop loss you better not have a 50 pip target.
  • #3,564
  • Sep 22, 2009 7:37am Sep 22, 2009 7:37am
Hi guys,

I am in again on gbpusd based on 4hourly KS. However, this trade is yet to meet shorter TF strong ichi signal .

Hence, I will proceed with immense caution. The good news is, if we don't see the gbpusd go flying down from here, you have a wonderful TS and KS on the daily sitting right next to each other at about 1.6425. This to me says that equilibrium over the last month or so is enticing our gbpusd and may tempt her through the 4hourly KS. If this happens, remember me for my courage and stupidity and I will be entering at daily TS and KS.

If we see a move here, then I will keep a close eye on the price with 15m KS until we see a break of 1.6125. If we can break that level, I will follow with 4hourly KS.

Disclaimer: This trade does NOT meet strong short term ichi signals so please proceed with caution.

I love Tuesdays and Thursdays too! So much movement!
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd 4hourly.gif Size: 23 KB
  • #3,565
  • Edited 7:56am Sep 22, 2009 7:39am | Edited 7:56am
Quoting golferfx
It depends on your risk level...if you are going to risk 1.5%-2% on that trade then just convert the math and put on the trade and stop loss. You might have 60 pip diference from KS and this is ok.

Think in terms of your risk management per trade. Also on the flip side if you have a 200 pip stop loss you better not have a 50 pip target.
No, that is money management and risk, what I am referring to is simply avoiding being stopped out in a trade because you didn't allow enough room in your stop. For example a buffer of 10 pips might not be enough when your stop is the other side of the Ks whereas 20 might be enough.
You could equally say if you are allowing a wider stop loss then you are lowering your lot size to get the same risk, but you also lower your profit. There is an ideal SL for every trade and if we are trading based on the Ks, then there is an ideal SL for that and the timeframe.
  • #3,566
  • Sep 22, 2009 7:41am Sep 22, 2009 7:41am
Quoting Giny
Hi guys,

I am in again on gbpusd based on 4hourly KS. However, this trade is yet to meet shorter TF strong ichi signal .

Hence, I will proceed with immense caution. The good news is, if we don't see the gbpusd go flying down from here, you have a wonderful TS and KS on the daily sitting right next to each other at about 1.6425. This to me says that equilibrium over the last month or so is enticing our gbpusd and may tempt her through the 4hourly KS. If this happens, remember me for my courage and stupidity and I will be entering...
Giny the CAD man

i was observing the daily chart also for GBPUSD and it looks woow , if we managed to keep closing below the Kumo like this and a cross will be very helpful for the down move

Cheers mate
  • #3,567
  • Sep 22, 2009 7:43am Sep 22, 2009 7:43am
Quoting SanMiguel
No, that is money management and risk, what I am referring to is simply avoiding being stopped out in a trade because you didn't allow enough room in your stop. For example a buffer of 10 pips might not be enough when your stop is the other side of the Ks whereas 20 might be enough.
but if your trade was on lower TFs like the 5Mins it better to follow the rules of it , means that your target and stop will not be the same as the 4Hrs, but if your deal started to move and u found it rending with the 4Hrs u might change your TP and SL but take care and calculate everything before changing them during the move

cheers
  • #3,568
  • Sep 22, 2009 7:47am Sep 22, 2009 7:47am
Trade entered with pending order in yesterday's session on the usdjpy based on pullback to the daily KS. So far so good, although we have had to clear many shorter TF kumos and resistance levels! I am holding on for the ride with ichi based on 15m KS level and if we can clear 4hourly kumo I may adjust my perspective towards a SL which follows 4hourly KS.

Once again, please understand that this sort of trade does not meet strong short TF signal. However, I am letting everyone know how I am using ichi. Vic and other masters of the ichi, please let me know if you want me to keep these sort of S/R trades to myself as I don't want to confuse anyone, particularly new members of this thread.

I am getting 'ichi' with excitement .
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy daily.gif Size: 23 KB
  • #3,569
  • Sep 22, 2009 7:47am Sep 22, 2009 7:47am
same here ill wait for a daily candle to close , that way it will be more clear where our english lady wants to go
Attached Image (click to enlarge)
Click to Enlarge Name: gbp2.gif Size: 42 KB
  • #3,570
  • Sep 22, 2009 7:51am Sep 22, 2009 7:51am
Quoting Giny
Trade entered with pending order in yesterday's session on the usdjpy based on pullback to the daily KS. So far so good, although we have had to clear many shorter TF kumos and resistance levels! I am holding on for the ride with ichi based on 15m KS level and if we can clear 4hourly kumo I may adjust my perspective towards a SL which follows 4hourly KS.

Once again, please understand that this sort of trade does not meet strong short TF signal. However, I am letting everyone know how I am using ichi. Vic and other masters of the ichi, please...
i'll ask for my share
  • #3,571
  • Sep 22, 2009 7:52am Sep 22, 2009 7:52am
Hi everyone,

Back from holidays and looks like there's been a bit of action.

Hope some of you took my call last Thursday about the Head 7 Shoulders pattern on the G/U. Certainly tanked from the 1.65 level.

Thanks to Vic for looking after the G/Y for me, looks like it's still not ready to make the big break down however the signals today look like we are lined up and ready to go

Cheers.
  • #3,572
  • Sep 22, 2009 7:55am Sep 22, 2009 7:55am
Quoting Giny
Trade entered with pending order in yesterday's session on the usdjpy based on pullback to the daily KS. So far so good, although we have had to clear many shorter TF kumos and resistance levels! I am holding on for the ride with ichi based on 15m KS level and if we can clear 4hourly kumo I may adjust my perspective towards a SL which follows 4hourly KS.

Once again, please understand that this sort of trade does not meet strong short TF signal. However, I am letting everyone know how I am using ichi. Vic and other masters of the ichi, please let...
Great bro...keep it going...this is a excellent example of trading the daily chart....its all right in front of you.

Pull backs on the dailys are the prefered style that I like.

You are now...da MAN!
  • #3,573
  • Sep 22, 2009 7:56am Sep 22, 2009 7:56am
Quoting 4xAddict
Hi everyone,

Back from holidays and looks like there's been a bit of action.

Hope some of you took my call last Thursday about the Head 7 Shoulders pattern on the G/U. Certainly tanked from the 1.65 level.

Thanks to Vic for looking after the G/Y for me, looks like it's still not ready to make the big break down however the signals today look like we are lined up and ready to go

Cheers.
mate welcome back

G Y made us 100 pip on Friday , cheeers
  • #3,574
  • Sep 22, 2009 7:58am Sep 22, 2009 7:58am
Quoting vic_elc
but if your trade was on lower TFs like the 5Mins it better to follow the rules of it , means that your target and stop will not be the same as the 4Hrs, but if your deal started to move and u found it rending with the 4Hrs u might change your TP and SL but take care and calculate everything before changing them during the move

cheers
Yes, that's true but for simplicity sake, let's say we trade a 4hr Ts?ks strong cross and we put our SL on the other side of the Ks. I think a 10pip buffer to allow spikes through the Ks is very tight and may stop you out too early sometimes. Equally, what is too far to ensure maximum profit?
  • #3,575
  • Sep 22, 2009 8:00am Sep 22, 2009 8:00am
Quoting SanMiguel
Careful watching 12 pairs, you can't catch every move
Thanks San Miguel, appreciate your offer of advice, but with two screens its not really that hard. I mean the signals are not that frantic !

This morning at around 10am GMT it was getting a little confusing as I was seeing several signals at once, but its just a case of taking yor time and deceiding which signals were the better ones. I Took a trade on the GBPJPY and two trades on the USDCAD and made a very easy 53 pips. There was more for the taking but as they were my first ever trades with Ichmoku I didnt want to push my luck !

Anyway Thanks again but I can only see myself increasing the pairs to watch......with this system it would be RUDE NOT TOO !!..... lol !

ab1
  • #3,576
  • Sep 22, 2009 8:12am Sep 22, 2009 8:12am
Quoting SanMiguel
Yes, that's true but for simplicity sake, let's say we trade a 4hr Ts?ks strong cross and we put our SL on the other side of the Ks. I think a 10pip buffer to allow spikes through the Ks is very tight and may stop you out too early sometimes. Equally, what is too far to ensure maximum profit?
it is so hard to determine a fixed no as a buffer, it depends on the pair moves and the day moves. so this is something you will gain by experience and following the moves for some time
wishing you a nice day
  • #3,577
  • Sep 22, 2009 8:20am Sep 22, 2009 8:20am
Quoting SanMiguel
Yes, that's true but for simplicity sake, let's say we trade a 4hr Ts?ks strong cross and we put our SL on the other side of the Ks. I think a 10pip buffer to allow spikes through the Ks is very tight and may stop you out too early sometimes. Equally, what is too far to ensure maximum profit?
Hey Sanner,

I think I have a simple solution for you to try. Put on an ATR 10-15 days...then if you are going to take a trade a specific time frame you will now how much the pair ranges and will help in finding that sweet spot your searching for.

Just a thought...
  • #3,578
  • Sep 22, 2009 8:25am Sep 22, 2009 8:25am
i love gooooooold!!!!
Attached Image (click to enlarge)
Click to Enlarge Name: gold.gif Size: 23 KB
  • #3,579
  • Sep 22, 2009 8:30am Sep 22, 2009 8:30am
Vic

Now....... I was going to enter as the Tenkan Sen had crossed above the Kijun Sen but the cross took part insdie the Kumo. Everything else lines up in the signal. Is that something to consider or not ?

Also if we get a set of signals on the M5 following a big spike, should we proceed with caution ?

Cheers


ab
  • #3,580
  • Sep 22, 2009 8:32am Sep 22, 2009 8:32am
Quoting golferfx
i love gooooooold!!!!
am in demo in this trend , am trying to see how much pip we can get using Ichi on gold
wish you luck if u r in real

cheers
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