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Ichimoku forever

  • #3,641
  • Sep 22, 2009 6:23pm Sep 22, 2009 6:23pm
GJ cross down on the 1hr?
  • #3,642
  • Sep 22, 2009 6:27pm Sep 22, 2009 6:27pm
+40 on e/u Sweet start

God bless the U/J drop...What happened?
  • #3,643
  • Sep 22, 2009 6:29pm Sep 22, 2009 6:29pm
Samer bought euros! lol
  • #3,644
  • Sep 22, 2009 6:33pm Sep 22, 2009 6:33pm
cross coming up on 4hr AUD/USD!
  • #3,645
  • Sep 22, 2009 6:46pm Sep 22, 2009 6:46pm
Quoting lionsden
cross coming up on 4hr AUD/USD!
But that would put the stop about 100pips away no? Again, my Ichi indicator on GFT is a little strange so that might be wrong. It's already made the cross on my charts
  • #3,646
  • Sep 22, 2009 6:52pm Sep 22, 2009 6:52pm
Quoting 4xAddict
The way the 1hr kumo has narrowed and the 4hr projection is flattening on top we could well see the short upward move you mentioned however if we do I think you'll see the 4hr KS as first resistance so will be a great trade!

I do think that the market will be carefully monitoring the UK MPC comments first thing in London though and after Governor King mentioned further rate reductions the last week the GBP is looking dead in the water.

I've just noticed that the Japan Bank holiday continues tomorrow though so we may have to wait for the European...
Your call was right on the money in rd hour Asian session G/Y fell like a rock and got stron resostance at the 148.22 level has pulled back now trying to recover steep fall off.
  • #3,647
  • Sep 22, 2009 7:01pm Sep 22, 2009 7:01pm
Quoting fkforex
But that would put the stop about 100pips away no? Again, my Ichi indicator on GFT is a little strange so that might be wrong. It's already made the cross on my charts
Well it shows cross now that we have moved to the next 4hr chart.
  • #3,648
  • Sep 22, 2009 7:03pm Sep 22, 2009 7:03pm
Quoting fkforex
But that would put the stop about 100pips away no? Again, my Ichi indicator on GFT is a little strange so that might be wrong. It's already made the cross on my charts
oh ,

forgot, if you are using the Ks as your stop/loss yes that would be about that for pips away.

Lionsden
  • #3,649
  • Sep 22, 2009 7:29pm Sep 22, 2009 7:29pm
Samer...Any chance you put some money behind the Aud/Us pair?
  • #3,650
  • Sep 22, 2009 7:33pm Sep 22, 2009 7:33pm
sorry i dont trade this pair .
  • #3,651
  • Sep 22, 2009 8:10pm Sep 22, 2009 8:10pm
Hi Everyone

I'll be honest only just started this Ichimoku and although Ive managed to read quite a lot of the forum from the begining I am getting confused regarding what signals you guys are using. Your talking about the H1, H4 time frames etc etc.

So can we just clarify please what this has developed into. I thought we followed the H4 for trend confirmation an M5 for entry on cross over? But you guys are waiting for crosses on the H1 & H4 ?

Vic I thought you said early on that you had suffered quite a few losses using the the higher time frames for entry and success only came when you changed to lower time frames ? Or am I reading that wrong ?

Also as a suggestion what about Skype, could that be used for the exchange of instant info between everyone ?

Cheers

ab1
  • #3,652
  • Sep 22, 2009 8:15pm Sep 22, 2009 8:15pm
Too bad. I could use your millions helping me out LOL
  • #3,653
  • Sep 22, 2009 8:22pm Sep 22, 2009 8:22pm
lol vic is the one having millions not me , i am poor
Quoting fkforex
Too bad. I could use your millions helping me out LOL
  • #3,654
  • Sep 22, 2009 9:18pm Sep 22, 2009 9:18pm
Looks like market has finally decided. H4 warriors today is your day.

E/U can buy now or wait for retrace and buy from 1.4717
G/U no signal
U/CHF can sell now or wait for retrace and sell from 1.03
U/CAD no signal but anticipating sell from 1.0723
A/U can buy now or wait for retrace and buy from 0.8687
U/J no signal but anticipating sell unknown level

For anyone who cares, Nikkei daily is looking long also but waiting for next week before long would be advised.

All retraces should appear as H1 or M15 signals.
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  • #3,655
  • Sep 22, 2009 9:24pm Sep 22, 2009 9:24pm
Oops, forgot this two important ones:
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  • #3,656
  • Edited 10:05pm Sep 22, 2009 10:03pm | Edited 10:05pm
Hi all,

When looking at the shorter TFs, sometimes I find myself getting cranky with the pricing because one minute it's flying down, then the next it's flying up. As you can see in the first chart below, the gbpusd has had a significant pullback.

On the daily chart we can see what is really happening. We have extremely significant resistance just above 1.6400 area with the daily TS and KS having a picnic there. I have a pending order for a sell limit on just below the KS on the daily and will plan to follow this one, as usual, with SL trailing 15m KS before adjusting SL to trail 4hourly KS if we can break through a few significant areas along the way.

I am definitely viewing this trade through a pair of dusty goggles (Australian traders will get that one ) so please let me know if you see something different as I am more interested in learning than in being right.

Cheers,

Gin(&Tonic)y
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  • #3,657
  • Sep 22, 2009 10:05pm Sep 22, 2009 10:05pm
Oh yeah, here is one I forgot, purely for the Aussies (and maybe Brits). Looks like commods are about to come out of the closet. I am sure a lot of stocks are looking like this right now.

BHP:
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  • #3,658
  • Sep 22, 2009 10:21pm Sep 22, 2009 10:21pm
First of all Id like to say hi to everyone and thanks for all the solid advice you guys put in here. This is my very first post. Sinner, your time and effort can only be commended, especially seeing as you work and somehow manage to take time out of your day to post charts and advice. Ive only been using demo accounts so far but if they where live i would be 700 dollars up, purely on what I have learnt from sinner and only from 5 trades in less than 2 weeks. ;o)

Just one question I have, what is the best way to work out when to close a contract, so you get maximum amount of pips?? Excuse me if this question sounds dumb!!
  • #3,659
  • Sep 22, 2009 10:42pm Sep 22, 2009 10:42pm
Quoting Msiys
First of all Id like to say hi to everyone and thanks for all the solid advice you guys put in here. This is my very first post. Sinner, your time and effort can only be commended, especially seeing as you work and somehow manage to take time out of your day to post charts and advice. Ive only been using demo accounts so far but if they where live i would be 700 dollars up, purely on what I have learnt from sinner and only from 5 trades in less than 2 weeks. ;o)

Just one question I have, what is the best way to work out when to close a contract,...
Hi Msiys,

From what I have grasped of ichi, the Kijun Sen line seems to be the recommended line to follow with your stop loss in order to know when to exit. The real question is which time frame's Kijun Sen line do you follow?

For me, if I am looking at a short term trade on 5 or 15 minute time frame, my SL would follow the 5 or 15 minute KS + a buffer. If you are looking on longer time frames such as the 4hourly, the same principle applies, waiting for price to break through your SL at the 4hourly KS + buffer as your exit level.

I hope this helps.

Giny
  • #3,660
  • Sep 22, 2009 10:58pm Sep 22, 2009 10:58pm
I like trading 15m and compare it with the daily. But I havent used stop losses's yet because i simply like to watch and exit if i think its going to far out. I also like to scalp, and do short term trades because I dont like stressing about my money even if it gets another 20 pips ahead. Im not to sure what you mean by KS an a buffer. I am very new to all this
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