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Ichimoku forever

  • #3,961
  • Sep 25, 2009 9:36am Sep 25, 2009 9:36am
Quoting Bull
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

[indent]
4 Hour Chart:[list][*]Price...
Bull:
Excellent educational responce. It will help me alot.

I printed it and will study this more. God bless you for taking so much time to answer in detail.

Hope this helps others as much as it enlightens me to this great method.

Steve
  • #3,962
  • Sep 25, 2009 9:42am Sep 25, 2009 9:42am
Quoting Bull
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

Bull
Yes thanks Bull very detailed answer, thanks for taking the time to explain.....However, why not just use the daily for trend indication and keep checking out 5M for entries? Why use the 1 hour if its not safe ? or as safe as the Daily ?

Ive been looking at the daily and then any TF below it for entry signals, ie : 15M, 30M etc ? is that cool ? or just stick to 5M for entries.

Thanks



ab1
  • #3,963
  • Sep 25, 2009 9:44am Sep 25, 2009 9:44am
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:

First of all let me tell you that the entry point is not so simple that a Ts Ks cross, you must to consider a lot thinks before.

Regarding to the exit you have many options, and as you can see on our trades, we left the trade when our initial target of 50 pips was reached or as I mentioned on my last trades you can set and initial SL on the cloud and the trailing your SL with the Kijun.

I Hope that this can help you

Bull
  • #3,964
  • Sep 25, 2009 10:08am Sep 25, 2009 10:08am
Bull:

I don't like drawing the horizontal lines but I see where price honors them alot on lower TF's...so trying to overcome my hesitation.

Your lines are based on facts, not subjective like channels, Fibs or Trendlines.

I can draw the line for span A & B and Kijun the same as yours every time without any subjective thinking on my part so I may try to use it.

A habit is hard to start.

Thanks for this nugget of gold!

Steve
  • #3,965
  • Sep 25, 2009 10:19am Sep 25, 2009 10:19am
Take a look when T & K cross each other and next cross each other again esp on higher TF

sometimes initial profits becomes lost

so need to exit at one point before trend changes

Hope someone here can come out with a indicator for that

TP is hard to predict

ranging markets tp =50 pips

trending market tp = 200 pips
  • #3,966
  • Sep 25, 2009 10:35am Sep 25, 2009 10:35am
Hi everyone,

Attached is my trade report for today's successful G/Y sell trade that I have just closed out.

Entry was on the 1min/5min confirmation after the 1hr candle held below the weekly kumo base at 144.00.

Entry occurred at 143.45 on the 1min retracement back to the KS/5min retracement to the KS.

SL was placed above the kumo at 144.25 (80pips from entry)

TP was placed at 143.80 (65pips). This could have been set longer however I need to finish up due to commitments this afternoon,

Nett trade result +65pips.

Hope you guys were watching and got in on the action as well.

Have a great weekend!!

Cheers.
Attached File(s)
File Type: pdf GBPJPYtradereview-25-sep-2009.pdf   111 KB | 494 downloads
  • #3,967
  • Sep 25, 2009 11:09am Sep 25, 2009 11:09am
Quoting 4xAddict
Hi everyone,

Attached is my trade report for today's successful G/Y sell trade that I have just closed out.

Entry was on the 1min/5min confirmation after the 1hr candle held below the weekly kumo base at 144.00.

Entry occurred at 143.45 on the 1min retracement back to the KS/5min retracement to the KS.

SL was placed above the kumo at 144.25 (80pips from entry)

TP was placed at 143.80 (65pips). This could have been set longer however I need to finish up due to commitments this afternoon,

Nett trade result +65pips.

Hope you guys...
Hi 4xAddict, Congratulations for your Great Trade!!!! and also for the explanations of the reason to enter and exit.

  • #3,968
  • Sep 25, 2009 11:52am Sep 25, 2009 11:52am
Quoting Bull
Hi 4xAddict, Congratulations for your Great Trade!!!! and also for the explanations of the reason to enter and exit.

Thanks mate,

I am still trailing your impressive display!! Nice work

Cheers.
  • #3,969
  • Sep 25, 2009 12:46pm Sep 25, 2009 12:46pm
hey guys whats up with twitter ? Is it still in testing mode , when r u guys planning to go live with that thing ?
  • #3,970
  • Sep 25, 2009 12:49pm Sep 25, 2009 12:49pm
Ok. So i was able to get in on two quick scalps totaling 70+pips (one was for two lots) They were based on 5min charts. Gets me back to around my week open which is nice

When looking at trading off a small TF 1,5,15min should I be looking at the 1hr TF for my direction? I have to study the S/R relationships between the TF's like Bull looked to be explaining to place my SL and TP properly as opposed to abitrarily picking them. Arbitrary spots lead to getting out too soon or staying in too long.

Bull - There was one of your charts where price did cross the KS but you didn't exit there (0924tradeII.pdf)

Thanks guys. Hope everyone had a profitable week and looking forward to more good days ahead.

Have a good weekend all

FkFx
  • #3,971
  • Sep 25, 2009 1:01pm Sep 25, 2009 1:01pm
Guys sorry for a stupid question but i need some help , how can I save trendline i mean S/R lines on my chart , lets say i draw them on 1h chart , and once i switch to 4h they are gone . So how is it possible to save them , until i manually delete them ? Sorry again , this might look very newbish .
  • #3,972
  • Sep 25, 2009 1:05pm Sep 25, 2009 1:05pm
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....

That's really interesting, I have just pulled up some charts on 5min and 15min and drawn where the 4hr and 1hr Ks are on each and I can see the high probability trades in each of these.
Thanks for your post - I will definitely keep an eye on these next week.
  • #3,973
  • Sep 25, 2009 1:18pm Sep 25, 2009 1:18pm
Hello

Please check the last trade report , this position was taken with the strong signal on 1Hr ,. target was 100 pip
feel free to ask about anything


p.s. don't forget to join the FB group
http://www.facebook.com/group.php?gid=154006605776
Attached File(s)
File Type: pdf USDJPY-trade-25-SEP-2009.pdf   101 KB | 443 downloads
  • #3,974
  • Sep 25, 2009 1:37pm Sep 25, 2009 1:37pm
Hello

During this week I have seen several posts asking when we are going to enter a trade!!!!, I know that most of the newbie are rushing things and want to trade each day and all the signals, I know it is very hard to control ourselves and we always looking for money, as you have seen this week we were waiting for an entry signal our discipline helped us to stay out of the market all the week and once we saw the trends are moving we jumped took our share and out again.

This is a pure example that we have to think like real traders and we have to wait for our signals, as I always say this is not a game Gents this is the real world .
Thanks all for the nice pips, I believe we still achieving our weekly targets
i'll be preparing the week productivity and post it once it is ready
Wishing you all a nice weekend

Vic
  • #3,975
  • Sep 25, 2009 2:00pm Sep 25, 2009 2:00pm
Vic:
Nice Uj trade; looking back it was obvious. I was in the Ej trade and missed the entry but could have taken it when I woke up this morning as it still hadn't taken off after the 1h ts/ks cross. This is fun.

You've helped me alot and I deeply appreciate what you are doing.

Steve
  • #3,976
  • Sep 25, 2009 2:01pm Sep 25, 2009 2:01pm
thats 100 % true , question of discipline is very important ,especially in long term trading , im still struggling , i keep sitting on my hands when i wanna trade and market doesnt give me that opportunity .

P.S. somebody PLEASE help me with trendlines as i mentioned in few posts above !
  • #3,977
  • Sep 25, 2009 2:19pm Sep 25, 2009 2:19pm
Quoting Iskander
thats 100 % true , question of discipline is very important ,especially in long term trading , im still struggling , i keep sitting on my hands when i wanna trade and market doesnt give me that opportunity .

P.S. somebody PLEASE help me with trendlines as i mentioned in few posts above !
Hi iskander,

Do you mean that they disappear when you close MT4 and then reopen it or they do not show up on the other TF's when you draw them?

Cheers.
  • #3,978
  • Sep 25, 2009 2:21pm Sep 25, 2009 2:21pm
Hi 4x , they disappear when i draw them
  • #3,979
  • Sep 25, 2009 2:21pm Sep 25, 2009 2:21pm
Quoting stevewide
Vic:
Nice Uj trade; looking back it was obvious. I was in the Ej trade and missed the entry but could have taken it when I woke up this morning as it still hadn't taken off after the 1h ts/ks cross. This is fun.

You've helped me alot and I deeply appreciate what you are doing.

Steve
Thanks Steve

all of you guys around here are very smart and u have seen yourself that Ichimoku is the best , i can assure within a month or 2 things will be different for you and everyone , trading will be a joy not a work , discipline will be the air you breath not something you can't do or control.
wishing you a lovely weekend
cheers
  • #3,980
  • Sep 25, 2009 2:22pm Sep 25, 2009 2:22pm
Quoting vic_elc
Hello

Please check the last trade report , this position was taken with the strong signal on 1Hr ,. target was 100 pip
feel free to ask about anything


p.s. don't forget to join the FB group
http://www.facebook.com/group.php?gid=154006605776
Nice work mate, a great trade!!

Enjoy the weekend. Today was just one of those Fridays where I just couldn't sit on my hands any longer
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