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Ichimoku forever

  • #4,001
  • Sep 26, 2009 11:57am Sep 26, 2009 11:57am
Quoting webforex
I was looking at u/j trade on 25 sept

how to get those entry ? sl ? tp values ?

first look at 4 hour chart then look for similiar trend in 1 hour chart correct ?

how long you wait to enter trade after T & K cross each other on 1 hour chart ?

ichimoku get better results on jpy pairs ?

i think you missed to read the first 10 pages of the thread, please check them and if you couldn't find the answers please let me know
have a nice weekend
  • #4,002
  • Sep 26, 2009 12:15pm Sep 26, 2009 12:15pm
Hey Vic , how u doin ? I was just looking at zar , spread on this thing is huge , but when we catch a trend this thing is a moneymaker ...
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  • #4,003
  • Sep 26, 2009 12:51pm Sep 26, 2009 12:51pm
Hello

please check this week productivity , as usual Icimoku saved us during and made the pips

Profit :354
Losses:
have a nice weekend all

cheers
Vic

Sep Productivity: http://www.4shared.com/file/13558812...ductivity.html
Attached File(s)
File Type: pdf 21-sep-2009-productivity.pdf   29 KB | 586 downloads
  • #4,004
  • Sep 26, 2009 12:53pm Sep 26, 2009 12:53pm
Quoting Iskander
Hey Vic , how u doin ? I was just looking at zar , spread on this thing is huge , but when we catch a trend this thing is a moneymaker ...
Why not as long as you see a clear trend then jump with it, it is your friend dont worry

cheers
  • #4,005
  • Sep 26, 2009 1:10pm Sep 26, 2009 1:10pm
I've only been following the Ichimoku for 1 week now and my understanding is that all the indicators you need are within Ichimoku......period , full stop, the end.....etc etc etc....

I think the least we can all do is read the "Ichimokuwiki" (link to that at the bottom of Vic's posts) and that will explain all you need to know about support and resistance !..... HHHeeeellllllooooo ! ...the "Chikou Span & Kumo" is what that is all about !!



ab1
  • #4,006
  • Sep 26, 2009 1:21pm Sep 26, 2009 1:21pm
Quoting ab1
I've only been following the Ichimoku for 1 week now and my understanding is that all the indicators you need are within Ichimoku......period , full stop, the end.....etc etc etc....

I think the least we can all do is read the "Ichimokuwiki" (link to that at the bottom of Vic's posts) and that will explain all you need to know about support and resistance !..... HHHeeeellllllooooo ! ...the "Chikou Span & Kumo" is what that is all about !!
ab1


Ichi is very simple and clear as you have seen and read, but we human beings don't like things to be simple we like to complicate everything , unlike the Japanese beings YES like what u read now they are different than all the other humans ,they like it simple accurate and to the point , they assure the quality and the control , if any one don't believe me please tell me when was the last time you have seen a Toyota car at the side of the road and the owner is asking for help !!!!!!!

keep it ab1 by time you will be amazed they Ichimoku is

have a nice weekend bro
Vic
  • #4,007
  • Edited 3:24pm Sep 26, 2009 2:09pm | Edited 3:24pm
Quoting ab1
I've only been following the Ichimoku for 1 week now and my understanding is that all the indicators you need are within Ichimoku......period , full stop, the end.....etc etc etc....

I think the least we can all do is read the "Ichimokuwiki" (link to that at the bottom of Vic's posts) and that will explain all you need to know about support and resistance !..... HHHeeeellllllooooo ! ...the "Chikou Span & Kumo" is what that is all about !!



ab1
There is nothing wrong with an indicator that aids in your Ichimoku decisions - that is what the existing Monitor and Signal indicators are about.
I think people should be encouraged to look at another indicator if they want to but only once they have followed the exact rules here for a while. There's nothing to say that volume couldn't help, but of course to avoid confusion, someone should test out their own theory for a while with proven statistics (that means more than 100 trades preferably more). Oh and by the way, unless someone has access to the entire worldwide forex volume statistics, the volume indicator that comes with your trading stations is the volume of the broker and unless you are with a major worldwide broker, the volume is meaningless - FX is not centralised like stocks are and the volume is not the real volume.
If you are just starting out with this thread then there is a lot to be said for just following the basics. Only after that has been mastered and good trading decisions are being made should anyone look further (I would give it a few months of trading the basics).
There is a lot to be said for following 1 or 2 pairs like Vic has mentioned and understand price action and what it is doing at certain points...even if that means you make no trades in 1 week (but of course people will open up 15 pairs and trade 5 or more trades a day because they MUST trade ).
  • #4,008
  • Sep 26, 2009 5:48pm Sep 26, 2009 5:48pm
Hello Guys
these word were quoted here before, i was reading them again today and i really think that each one of us must read them again and again and again ........... , this is pure wisdom

--------------Q-----------------
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?
--------------UQ----------------


if you don't like Ichimoku THINK AGAIN

Vic
  • #4,009
  • Sep 26, 2009 7:01pm Sep 26, 2009 7:01pm
Quoting vic_elc
this is a very strong signal but you have to take care of the weekly Kumo ,unless we get a Break things will be risky

have a nice day man
hello. Am excited to be among you guys after a long search for the right guys. Am new to Ichimoku strategy. just 3 days old. I went short on GDp/USD daily just like the guy you where advising. Could you please explaint to me why you made reference to the weekly chart? Because I thought I had made a good decision by take the trade.
  • #4,010
  • Sep 27, 2009 1:48am Sep 27, 2009 1:48am
Quoting SanMiguel
There is nothing wrong with an indicator that aids in your Ichimoku decisions - that is what the existing Monitor and Signal indicators are about.
).
Hey Guys

Firstly I just wanted to say I hope my comments didnt offend anybody, they were written with light hearted and helpful intentions.

Some Indicators are good and helpful I just think I prefer trying to plot my own support & Resistance from Ichi, the system provides for that. Although to be confident when you first start doing it, it may be a good idea to confirm what you are doing is good with an indicator.

Again I think that debate about reading multiple pairs at the same time is down to ones own ability to handle information. If you have the capacity to do that, then go for it ! It will only increase your chances of a trade and after all thats what its all about ....trading !

ab1
  • #4,011
  • Sep 27, 2009 2:52am Sep 27, 2009 2:52am
Hi All
I am new to this thread, started to read from page 1 and forward.
At the moment at page 78. great stuff, but

Cant you all stop typing here and wait until I read it all. LOL
So many great people type here its a fast groving thread,
so pls calm down and wait for the Dane. LOL

I am Danish and my English is not the best so I fight with all your great stuff.

No back to real life, keep up the good work here. I hope one day I can say I read it all, and I am ready to join

regards

Peter
  • #4,012
  • Sep 27, 2009 3:35am Sep 27, 2009 3:35am
hi first thank u very much and i wish u good luck and for all , but i didnot understand how the ichi works and when to go short and long so please i need someone to help me iam new in the market ...thanx.
  • #4,013
  • Sep 27, 2009 5:23am Sep 27, 2009 5:23am
Finally I am getting time to read this document.....so far I recommend it to anyone who is learning to trade thus system.
What you do is a reflection of you....what I do is a reflection of me.
  • #4,014
  • Sep 27, 2009 9:48am Sep 27, 2009 9:48am
Evening Traders.

Ok I have been learning Itchi for a few weeks now and I feel I have a great understanding for this incredible method, There is just a one more tiny thing I need to confirm, This is where to initially put my stop.

I am trading two ways with Itchi

Long Term Trades

Check Weekly, Daily and 4H for trend
Check 1H for entry
I understand I place my stop behind the Kumo cloud then once the price moves in my favor I place behind the Ks, But I need to understand which time frame, If the signal Is on the 1h do I place the stop behind the 1H Kumo or the 4H kumo?

Also do we trade long if the cross happens above the cloud and ABOVE the price. wouldnt this mean the price has to break the Ks resistance?
same with short if the cross happens below the cloud and BELOW the price?

Short Term Signals

Check 4H, 1H, 30m and 15m for trend
Check 5m for entry
I just set TP at +50 and stop at -100 pips then move to break even once it hits +25.


Does this sound ok?

Thanks

Itchidakiller
  • #4,015
  • Edited 11:51am Sep 27, 2009 10:31am | Edited 11:51am
this is a trade on higher TF and is not the main strategy that we are using as per vic's rules. it is expected to continue downwards, TP $$$$$.
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  • #4,016
  • Edited 12:58pm Sep 27, 2009 10:50am | Edited 12:58pm
Quoting ichidakiller
Evening Traders.

Ok I have been learning Itchi for a few weeks now and I feel I have a great understanding for this incredible method, There is just a one more tiny thing I need to confirm, This is where to initially put my stop.

I am trading two ways with Itchi

Long Term Trades

Check Weekly, Daily and 4H for trend
Check 1H for entry
I understand I place my stop behind the Kumo cloud then once the price moves in my favor I place behind the Ks, But I need to understand which time frame, If the signal Is on the 1h do I place the stop behind...
Itchi, I'm glad that you set your plan and hope you will follow it. I'll try to answer your questions, and vic can add and fill the gaps.
if you enter on 1H it's preferable you put ur SL behind the 1H kumo unless it is too near and you feel it will be taken out, then in this case use the 4H which is usually very far and may not suit ur RM/MM rules.

Quoting ichidakiller
Also do we trade long if the cross happens above the cloud and ABOVE the price. wouldnt this mean the price has to break the Ks resistance?
same with short if the cross happens below the cloud and BELOW the price?
for long entry the cross is never above the kumo AND above the price, if it is then it is a bearish cross and a weak one and the same goes for a cross below the kumo AND below the price, it would be a weak bulish cross. so no trade.

Quoting ichidakiller
Short Term Signals

Check 4H, 1H, 30m and 15m for trend
Check 5m for entry
I just set TP at +50 and stop at -100 pips then move to break even once it hits +25.


Does this sound ok?

Thanks

Itchidakiller
that sounds a reasonable plan, but I would bank 25 pips on half my lots, adjust my SL to BE, and let the rest run.
  • #4,017
  • Sep 27, 2009 11:49am Sep 27, 2009 11:49am
Hi 2 All
Thanks for this theard!
I have 1 question, when you trade FX pairs, do u change default settings of indicator? (default is 9,26,52 if I correct)
And, does this parametrs will be good for TF: 1H, 30M and 15M ?
Or we need to change their for smallest TF?
Thanks )))
And can u share advanced indicators for Ichimoku analyses? or all I need can download from http://www.4shared.com/dir/19807073/...5/sharing.html ?
Thanks for your help!!!
  • #4,018
  • Sep 27, 2009 12:41pm Sep 27, 2009 12:41pm
Brilliant Thanks LB that has cleared up a lot, I think Im ready to go forth and grab lots of pips,

Thanks again
  • #4,019
  • Sep 27, 2009 1:35pm Sep 27, 2009 1:35pm
And....Sir.....I have another question
I have near 10 signals from Ichimoku (but not English Table)
Who now all signals from indicator? (their 30 or more )))
If anybody know, plz post here, with comments (strong signals...etc)

Another Big THANKS
  • #4,020
  • Sep 27, 2009 2:01pm Sep 27, 2009 2:01pm
Fxairy, we use ichimoku with the default settings for all TF, there is no need to change them. All what you need is on the 4shared link.

Quoting fxairy
And....Sir.....I have another question
I have near 10 signals from Ichimoku (but not English Table)
Who now all signals from indicator? (their 30 or more )))
If anybody know, plz post here, with comments (strong signals...etc)

Another Big THANKS
I don't know what you mean by the 10 signals or the 30 signals, vic teaches only one strong signal, which is on the first page of this thread, and it is the best and safest signal. this is the Tenkan sen/Kijun sen cross.
perhaps if you have any other worthwhile signals you can post them and share with the group.
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