Ichimoku forever | Page 205 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

4% A Day Forever 1,433 replies

an EA that worked forever 29 replies

Forever Demo Account 9 replies

Attachments: Ichimoku forever
Exit Attachments

Ichimoku forever

  • #4,081
  • Sep 28, 2009 6:38am Sep 28, 2009 6:38am
Hi All!

I watched stevewide's trade, and the crossing on it, is interesting for me.
If at the crossing the kijun goes up and the tenkan goes down, is it a good sign enough?
I think, usually better if after the moment of crossing they go to the same direction, but not to the opposite, isn't it?
  • #4,082
  • Sep 28, 2009 6:49am Sep 28, 2009 6:49am
Weekly market report by Kumo Warriors indicate bearish trends in W, D and 4hr, also to look for short signals on the lower t/f.

Currently short signal on 5m on this pair. Any thoughts or comments? (for my education).

Cheers
Ezzy
What you do is a reflection of you....what I do is a reflection of me.
  • #4,083
  • Sep 28, 2009 6:57am Sep 28, 2009 6:57am
Quoting Ezzy
Weekly market report by Kumo Warriors indicate bearish trends in W, D and 4hr, also to look for short signals on the lower t/f.

Currently short signal on 5m on this pair. Any thoughts or comments? (for my education).

Cheers
Ezzy
The 15min is above the cloud so be careful but price looks to be hanging around the 1hr Ks for the moment.
I'm waiting for a 30min or hr Ts/Ks cross.
  • #4,084
  • Sep 28, 2009 7:06am Sep 28, 2009 7:06am
Quoting Ezzy
Weekly market report by Kumo Warriors indicate bearish trends in W, D and 4hr, also to look for short signals on the lower t/f.

Currently short signal on 5m on this pair. Any thoughts or comments? (for my education).

Cheers
Ezzy
Watch out this one. It appears the pair currently is comming out the support of the descending channel. I would like to see the pair goes above 92.00, then think about shorting again. Or the daily closes below the descending channel support.

Thanks
  • #4,085
  • Sep 28, 2009 7:12am Sep 28, 2009 7:12am
weak bullish cross below the cloud on 4h , once we get a strong bearish cross , along with chikou , might be a good spot for entry , for now price action is uncertain.

Daily shows strong bearish trend

Weekly confirms bearish sentiment , altough a little retracement to Tenkan might be expected
Attached Image(s) (click to enlarge)
Click to Enlarge Name: nok1.gif Size: 26 KB
Click to Enlarge Name: nok2.gif Size: 24 KB
Click to Enlarge Name: nok3.gif Size: 26 KB
  • #4,086
  • Sep 28, 2009 7:42am Sep 28, 2009 7:42am
Quoting Ezzy
Weekly market report by Kumo Warriors indicate bearish trends in W, D and 4hr, also to look for short signals on the lower t/f.

Currently short signal on 5m on this pair. Any thoughts or comments? (for my education).

Cheers
Ezzy
Hi Ezzy and welcome on board!!

You're right, as you read in our Report the Main Trend of this pair (UJ) it's Bearish. After that will be safe take only short trades... but take a look what going on right now...

Hourly Chart:
The price it's clear below the Cloud and also the Kumo future it's Bearish. This agree with the main trend. But the price is now above the Kijun sen, and we need to wait a clear candle below the Kijun to assume that the bear trend will re asume. Keep in mind the value of the Ks at 89.41.

30 M Chart:
The price it's inside the Kumo, and also above the Kijun. The Chikou Span it's also above the price curve. On this chart you must to wait a break of 89.78 (SSB) and 89.17 (Kijun sen) for think in a short.

15 M Chart:
Here the picture it's worse because the price it's clear above the cloud and also the kumo future it's bullish. What we need here? a clear candle formed below the cloud (89.00).

5M Chart:
Same think that the 15m chart, we need a enterely candle below the cloud (89,40).

Summary: As you can see it's true, the main trend it's Bearish but right now the price is in a little pullback and we need a clear signal before to consider go short again.

Hope that this can help you

Bull
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ujh1.gif Size: 22 KB
Click to Enlarge Name: ujm30.gif Size: 23 KB
Click to Enlarge Name: ujm15.gif Size: 23 KB
Click to Enlarge Name: UJm5.gif Size: 30 KB
  • #4,087
  • Sep 28, 2009 8:01am Sep 28, 2009 8:01am
Thanks Bull and Iskander for your detailed explanations, These help me a lot because I agreed with everything you said, which means I must be getting closer to becoming a warrior.

Keep up the good work

Thanks
  • #4,088
  • Sep 28, 2009 8:21am Sep 28, 2009 8:21am
Quoting Bull
Hi Ezzy and welcome on board!!

You're right, as you read in our Report the Main Trend of this pair (UJ) it's Bearish. After that will be safe take only short trades... but take a look what going on right now...

Hourly Chart:
The price it's clear below the Cloud and also the Kumo future it's Bearish. This agree with the main trend. But the price is now above the Kijun sen, and we need to wait a clear candle below the Kijun to assume that the bear trend will re asume. Keep in mind the value of the Ks at 89.41.

Bull
Hi Bull,

Thanks for the clear breakdown. I was just wondering if I was to decide to trade off the hourly chart, would I not be looking for the TK cross again as both the 4hr and daily are in full support of the bear move or do I still have to worry about the lower TFs?

Thanks,

FkFx
  • #4,089
  • Sep 28, 2009 8:21am Sep 28, 2009 8:21am
Hi,

You do not need to worry about this, the indicator as it is written automatically adjusts itself for whichever time frame you are using.

You do not need to manually calculate these parameters.

It is easy to see that this is automatically calculated because the TS, KS, CS and Kumo are all at different values across each TF.

I think you are concerning yourself about this when you do not need to because it automatically adjusts the calculation.

Also, whilst these values were developed based on a traditional Japanese working week it is widely accepted that the longer trading hours of the forex market allow us to use the standard parameters effectively.

Thanks.

Quoting fxairy
Sir...I read about Ichimoku, parametrs of Ichimoku..and what I think about it.
The parameters are calculated based on the cycles of the market activity.
For example, 1H TF: 12 - half day, 24 - day 144 - 12 days
For example, parameters for different TF:

 

  1. M5 72-144-288
  2. H1 12-24-120 or 120-240-480
  3. D1 5-10-20 or 9-26-52

What do u think?
Sorry if you really speak about parametrs so ofthen.....but I can't find the basis, that 9,26,52 GOOD for fny TF smaller, than 1D
Sorry...Really...

  • #4,090
  • Sep 28, 2009 8:23am Sep 28, 2009 8:23am
Hi vic

I am in India on holiday from bahrain how things are developing.
  • #4,091
  • Sep 28, 2009 8:41am Sep 28, 2009 8:41am
GU has a 5min SELL signal and it has bounced right off the 1hr Ks.
Any thoughts? Still looks very bearish.
  • #4,092
  • Sep 28, 2009 8:46am Sep 28, 2009 8:46am
Quoting SanMiguel
GU has a 5min SELL signal and it has bounced right off the 1hr Ks.
Any thoughts? Still looks very bearish.
Im watching this, looks promising, I may wait for a bounce from the Ks though

Think ill wait for the 30m candle to close under Ks
  • #4,093
  • Sep 28, 2009 9:03am Sep 28, 2009 9:03am
it does look bearish indeed however price is too far away from tenkan on daily , so we could see a retracement , i personally would wait for price to normalise
Attached Image (click to enlarge)
Click to Enlarge Name: gbp.gif Size: 28 KB
  • #4,094
  • Sep 28, 2009 9:08am Sep 28, 2009 9:08am
Quoting SanMiguel
GU has a 5min SELL signal and it has bounced right off the 1hr Ks.
Any thoughts? Still looks very bearish.
Hi San Miguel

I was in on this at 1.5822 short M5 on the cross. It failed to get below 1.5813 4 times and has retraced quite a bit.....so Im losing at the moment. My Stop is above the cloud about 50 pips north so if Im going to lose it will wipe out my profits from earlier today.

But I feel inclined to leave it alone as everything apart form M15 is bearish....looked a good trade to me...?

Fingers crossed it bounces off the Kijun where there a big flat spot on the cloud ! ...As Im writing this it just flown up and taken me out.....what the...............!!??

ab1
  • #4,095
  • Sep 28, 2009 9:09am Sep 28, 2009 9:09am
Look forward to Vic's rule book...dreaming it will clear things up...

Some folks waiting on 30m but chinkou-span will be several hours till its below price unless it drops hard; there'a a 15m signal in the cloud and finally an almost perfect 5m signal except for its skinny cloud...and now its going back up...what's a man to do except stay away or have strong faith???
  • #4,096
  • Sep 28, 2009 9:09am Sep 28, 2009 9:09am
Quoting ichidakiller
Im watching this, looks promising, I may wait for a bounce from the Ks though

Think ill wait for the 30m candle to close under Ks
I haven't entered this yet i'm looking for 3 things

Candle close under Ks on 30m
Candle close below cloud on 15m
Candle close below Ks and Ts on 5 min

Also if there is a Ks/Ts cross up on the 5m I will wait for another cross down

Hope this makes sense.

Also UJ making its move.....news!?!
  • #4,097
  • Sep 28, 2009 9:17am Sep 28, 2009 9:17am
I just dont get this..... I followed it to the book. Two wins today and two loses from all perfect M5 signals......so what now were looking for confirmation on all time frames...???????????
  • #4,098
  • Sep 28, 2009 9:19am Sep 28, 2009 9:19am
hi iskander, nice indicator on the top right..... whats the name of the indicator?
  • #4,099
  • Edited 9:31am Sep 28, 2009 9:20am | Edited 9:31am
Quoting ab1
I just dont get this..... I followed it to the book. Two wins today and two loses from all perfect M5 signals......so what now were looking for confirmation on all time frames...???????????
Which pairs? Stick some charts up... (or a link to previous posts with charts?).
It's not confirmation on all timeframes so much as looking for the risk of retraces I think. When pairs have made big moves down, they simply have to retrace at some point as traders take profits. That's not to say a 5min cross won't mean it could go lower but if it's far away from the Ts/Ks then the likelihood of a retrace is higher.
I believe the high probability/success trades are nearer the kumo or Ks simply because of the S/R area and the fact you can have a smaller stop.
The GU trade still looks good but I'm probably going to wait for a 30min cross or 1hr cross down if the H1 Ks holds.
  • #4,100
  • Sep 28, 2009 9:25am Sep 28, 2009 9:25am
Quote
gambit1977 hi iskander, nice indicator on the top right..... whats the name of the indicator? Sep 28, 2009 6:17pm (6 min ago)

hi, its ichimoku signal , u can find it in shared folder , just look for posts of any kumo warrior , link is in their signature
2 traders viewing now