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Ichimoku forever

  • #3,941
  • Sep 25, 2009 7:25am Sep 25, 2009 7:25am
Well the last trade it's closed now, following the Kijun Sen plus buffer for exit I just close the trade a few minutes ago.

Summary Trade III:

  1. Entry Point: 132.92
  2. Exit Point: 132.59
  3. Net Profit: 33 pips


Total Profit on 3 Trades = 68 + 88 + 33 = 189 pips

Attached Image (click to enlarge)
Click to Enlarge Name: 0925trade.gif Size: 27 KB
  • #3,942
  • Sep 25, 2009 7:26am Sep 25, 2009 7:26am
Quoting Bull
Ok, now here you're the Daily Report for EJ.

As we expect yesterday good signals was reached on 5m TF all of these following the Main Trend.

As you can see on my last post I've a open position that will be closed in a few minutes.
Just a quick question...
When you entered these 5min trades, where was the Ks on the higher timeframes? I find this the hardest part of getting my trades right on the 5 and 15min charts due to the noise.
  • #3,943
  • Sep 25, 2009 7:36am Sep 25, 2009 7:36am
Ej target I was scared to wait on (I got 35 pips) just hit 9.10.09 4h kumo bottom for a 71 pip profit...just wanted to point something out.........THIS STUFF WORKS!

In the back of my mind I have this saying that keeps popping up.........set it and forget it. I'm thinking about that.

Steve
  • #3,944
  • Sep 25, 2009 7:51am Sep 25, 2009 7:51am
Here you're the Report of the First Trade on EJ
Attached File(s)
File Type: pdf 0924TradeI.pdf   103 KB | 440 downloads
  • #3,945
  • Sep 25, 2009 8:05am Sep 25, 2009 8:05am
Quoting SanMiguel
Just a quick question...
When you entered these 5min trades, where was the Ks on the higher timeframes? I find this the hardest part of getting my trades right on the 5 and 15min charts due to the noise.
Hi San Miguel,

If I use a 5M or 15M charts for entry on any position I look always the hourly chart to keep in mind the Trend and the value of Kijun and cloud of these chart. If hourly it's clearly on a trend, I mind:

  1. price belw the cloud and kijun;
  2. kijun above the Tenkan sen;
  3. Chikou Span below the Price Curve;
  4. Kumo Sentiment and Kumo Future.

I move to any lower timeframe trying to see a good entry point, using the hourly as a reference.

I don't know if my answer it's clear, please let me know any question please. Sorry for my English

  • #3,946
  • Sep 25, 2009 8:06am Sep 25, 2009 8:06am
Quoting vic_elc
Hey Giny

Morning mate, how it is going , i have created a facebook group , join the gang mate,

cheers
I have been monitoring thie thread now for the past two weeks. I do not have very much trading experience but I have read a few book over the past two years and I have blown a few accounts.
The knowledge I have gained by just following the discussions is incouraging, Vic is a gifted teacher and have a way of breaking down complex issues in a way that most can understand.
I have had more wins than losses since I've started using your system and it have given me hope of finally being profitable in this business.
  • #3,947
  • Sep 25, 2009 8:08am Sep 25, 2009 8:08am
Here is the Report for the Second trade of EJ
Attached File(s)
File Type: pdf 0924TradeII.pdf   104 KB | 444 downloads
  • #3,948
  • Sep 25, 2009 8:13am Sep 25, 2009 8:13am
Hi Guys

I know its Friday but would anybody consider taking the potential trade coming up on the M30 GBPUSD. Im waiting for the Span to clear price and a crossover ?

Cheers
  • #3,949
  • Sep 25, 2009 8:17am Sep 25, 2009 8:17am
Quoting Bull
Here is the Report for the Second trade of EJ
Awesome trading!

Do you rely on the 1h for direction when you enter 5m perfect setups and don't worry about price being below the 4hr and daily kumo?

Thanks,

Steve
  • #3,950
  • Sep 25, 2009 8:22am Sep 25, 2009 8:22am
This the report for the last trade closed a few minutes ago.
Attached File(s)
File Type: pdf 0925Trade.pdf   102 KB | 427 downloads
  • #3,951
  • Edited 8:55am Sep 25, 2009 8:25am | Edited 8:55am
Quoting Bull
Hi everybody,

Here you're the pictures of the last three Trades on EJ, the last one is still open.

As you can see on each pictures an entry was following the trend on the Hourly chart and the Entry on the 5M.

In each I move the SL following the Kijun Sen level.
Hey Bull

A few nice trades..

Quick question... Why do you use Hourly to gauge the trend/wave. Is it that you find that works best with the 5 min for taking entry for trades.

Ive been using the Daily for Trend confirmaton....Ive made a 100 pips since yesterday but maybe thats why action has been a little slow ?

Because I see that by using hourly you also has a trade long as well, Ive been only looking for going short to match my daily chart.

Be interested in your comments my friend I think it might be a case of me not matching timeframes up correctly.

Also I see on the 2nd trade you went long although the Kumo showed Bearish....you came out a good winner but didnt you expose your self to more risk ? ...Trying to learn here.........help !

Cheers


ab1
  • #3,952
  • Sep 25, 2009 8:34am Sep 25, 2009 8:34am
Quoting Bull
Hi everybody,

Here you're the pictures of the last three Trades on EJ, the last one is still open.

As you can see on each pictures an entry was following the trend on the Hourly chart and the Entry on the 5M.

In each I move the SL following the Kijun Sen level.
look like great trades!
  • #3,953
  • Sep 25, 2009 8:51am Sep 25, 2009 8:51am
Good morning ichi warriors....

Seeing some good trades develope on the daily charts...I feel we will be trading some good trends for a while.

Whatever your trading plan is....short term /long term....just trade it and listen to only yourself...only you know what you want out of this business.

I went to a wonderfull seminar this week and after I get my thoughts together I will share them with you if you are interested and feel they compliment ichi very well.

Trade the trends my friends....keep looking at the bigger charts...put a line chart on your charts this weekend and make some notes.

Good hunting!

golfer
  • #3,954
  • Sep 25, 2009 9:07am Sep 25, 2009 9:07am
Quoting Bull
Hi San Miguel,

If I use a 5M or 15M charts for entry on any position I look always the hourly chart to keep in mind the Trend and the value of Kijun and cloud of these chart. If hourly it's clearly on a trend, I mind:

  1. price belw the cloud and kijun;
  2. kijun above the Tenkan sen;
  3. Chikou Span below the Price Curve;
  4. Kumo Sentiment and Kumo Future.

I move to any lower timeframe trying to see a good entry point, using the hourly as a reference....

Ok, as an example, let's use the USDJPY, which just had a strong 15min SELL signal. However, the KS on the 1 hour is far away. To me, it would scare me off as the 1hr kumo is flat and a long distance away from the Ts & the price but price may have bounced off the Ts.

http://www.sidekicker.net/Ichi/USDJPY_20090925_1.jpg
  • #3,955
  • Sep 25, 2009 9:11am Sep 25, 2009 9:11am
what is the best exit indicator for ichimoku ?

suppose I enter trade when t & k cross each other

when t & k cross each other again , usually too late for exit

many times , trend change before that , and resulting in initial profits eaten up
  • #3,956
  • Sep 25, 2009 9:15am Sep 25, 2009 9:15am
Quoting stevewide
Awesome trading!

Do you rely on the 1h for direction when you enter 5m perfect setups and don't worry about price being below the 4hr and daily kumo?

Thanks,

Steve
Hi Steve,

I'll try to explain your very good question, sorry if I don't very clear but my English isn't so good.

The first two trades was taken yesterday, and the pictures of yesterday was:

Daily Chart:

  1. Price Inside the Kumo = Consolidation;
  2. Tenkan above Kijun = Bull (both inside Kumo than Consolidation Bull);
  3. Chikou Span below the price = Bear

This was a Clear Picture but values to Keep in mind:

  1. Kijun: 133.23
  2. SSB: 132.88


4 Hour Chart:

  1. Price above th Kumo = Bull but going down;
  2. Tenkan below Kijun = Bear, first signal that the up movement can end.
  3. Chikou Span below price = Bear, another signal that the price can down.

This picture isn't clear too.
And values to keep in mind:

  1. Kijun: 134.45
  2. SSA: 133.32
  3. SSB: 133.00


Hourly Chart:

  1. Price below the Kumo = Bear;
  2. Tenkan below Kijun = Bear;
  3. Chikou Span below Price Curve = Bear;

This picture was very clear that the Bearish moment it's strong.
Values to keep in mind:

  1. Kijun: 134.26
  2. SSA: 134.57
  3. SSB: 134.74


Summary: On Daily and 4Hr. the trend isn't clear but we have some point that indicate us that the bearish trend can resume. And the hourly chart it's CLEAR Bearish.

With all of this in mind if we enter in a trade, like I do, following the Hourly we need to order the values to follow closely (I put horizontal lines on my chart):

  1. 134.74 SSB on H1;
  2. 134.57 SSA on H1;
  3. 134.45 Kijun on H4;
  4. 134.26 Kijun on H1;
  5. 133.32 SSA on H4;
  6. 133.23 Kijun on Daily;
  7. 133.00 SSB on H4 and
  8. 132.88 SSB on Daily.

When we enter on the First trade, we enter at 134.49 (just on the value of Kijun on H4) and below the Cloud of H1.
The price continues down and I close the trade at 133.81 (price below at these moment below Kijun on H1 and H4) that mind that the bearish moment it's stronger that when enter the trade.

The second trade was more safe than the first one because when we enter at 133.72, the price was below kumo on H1 and below kijun of the H1 and H4. And when I closed at 132.84 the price was below of the values, that mind a break of the kumo on daily; on H4 and below the Kijun on daily, h4 and h1.

The SL always will be the kumo of the entry chart and the trailing with the Kijun, but all these lines (values of the higher TF) will give us more confidence with our trade.

I hope that this can answer your question, again I want to apologize for any mistake in my poor English.

Bull

  • #3,957
  • Sep 25, 2009 9:25am Sep 25, 2009 9:25am
Quoting webforex
what is the best exit indicator for ichimoku ?

suppose I enter trade when t & k cross each other

when t & k cross each other again , usually too late for exit

many times , trend change before that , and resulting in initial profits eaten up
Hi Webforex

Good question and Im not really that qualified to answer it, but what Ive been doing this my 1st Ichi week is entering a trade and setting an initial target, say 25 pips away....then when it gets hit I take 50% of the profit, bring my stop to breakeven and then just let it go until it crosses back over the Kijun.....good method as you normal get the 1st target hit and the second part of the trade you can relax as its risk free !

cheers


ab1
  • #3,958
  • Sep 25, 2009 9:30am Sep 25, 2009 9:30am
Quoting ab1
Hey Bull

A few nice trades..

Quick question... Why do you use Hourly to gauge the trend/wave. Is it that you find that works best with the 5 min for taking entry for trades.

Ive been using the Daily for Trend confirmaton....Ive made a 100 pips since yesterday but maybe thats why action has been a little slow ?

Because I see that by using hourly you also has a trade long as well, Ive been only looking for going short to match my daily chart.

Be interested in your comments my friend I think it might be a case of me not matching...
Hi ab1,

As you can see in all of our reports we always began to study the Daily chart, because the Daily give us a Main trend, and trade following this trade will be always safe.

Sometimes, like in this case when you don't have a clear trend on Daily (but clear on Weekly as per our weekly reports), and also on h4 but SO CLEAR in Hourly you can use it as a reference for a small positions on lower timeframes.

But I'm repeat, you're right the Daily show us the Main Trand and it's safe to trade based on these trend ALWAYS.

Regarding my second trade, as you see I used the Hourly as a reference, that mind only short trades, and I avoid any position in opposite direction, even if on the lower timeframe give me a strong signal.

I hope that this can help you

Bull
  • #3,959
  • Sep 25, 2009 9:36am Sep 25, 2009 9:36am
Quoting SanMiguel
Ok, as an example, let's use the USDJPY, which just had a strong 15min SELL signal. However, the KS on the 1 hour is far away. To me, it would scare me off as the 1hr kumo is flat and a long distance away from the Ts & the price but price may have bounced off the Ts.

http://www.sidekicker.net/Ichi/USDJPY_20090925_1.jpg
You're absolute right my friend!

Also the Kijun Sen on hourly chart show us a flat aspect and you know what that mind.... that a retracement or pullback are expected. Also for the depth of the cloud.

On this situation I don't consider to enter.
  • #3,960
  • Sep 25, 2009 9:36am Sep 25, 2009 9:36am
Those were great posts Bull. Very informative.

Vic gave me a suggestion to look at trading lower tf's, 5-15min, and I was wondering if I do see a very clear opening on a 5min tf for example, would my SL be on the other side of the KS on a 1hr or the kumo on the 5min? And would I be looking for a 1:1 ratio or to just scalp 10-20pip max off a 5min?

Thanks,

FkFx
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