Ichimoku forever | Page 207 | 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

  • #4,121
  • Sep 28, 2009 11:53am Sep 28, 2009 11:53am
Quoting mgs1f
My first rule is to never trade the GU without looking at the direction for Gold and Oil. I would advise only longs on the GY and GU for the comming week.

This things a minefield...............now we need to look at other stuff as well as Ichimoku signals..............wow.....brian damage man ! ....lol

Stop the world and let me get off ................!


ab1
  • #4,122
  • Sep 28, 2009 12:11pm Sep 28, 2009 12:11pm
Quoting ab1
This things a minefield...............now we need to look at other stuff as well as Ichimoku signals..............wow.....brian damage man ! ....lol

Stop the world and let me get off ................!


ab1
Lol - you don't need to, some traders like doing this. I know traders who look to the EURUSD first and trade GU in the same direction. Some follow the FTSE or SP and then trade GU in that direction. Personally, I say forget that unless you are a professional - just trade the itchi - there's more than enough to think about.
  • #4,123
  • Sep 28, 2009 12:24pm Sep 28, 2009 12:24pm
Quoting SanMiguel
Lol - you don't need to, some traders like doing this. I know traders who look to the EURUSD first and trade GU in the same direction. Some follow the FTSE or SP and then trade GU in that direction. Personally, I say forget that unless you are a professional - just trade the itchi - there's more than enough to think about.
Seriously guys jokes aside ....are any of you guys actually making money out of this stuff ? I mean real money ??....I'm not interested in your personal target or any numbers...but who has been doing this stuff all there working life..... and is it treating you well ?

Because it looks real hard and unpredictable !

ab1
  • #4,124
  • Sep 28, 2009 12:31pm Sep 28, 2009 12:31pm
Quoting ab1
Ok Just got back 30 pips on the AUDUSD....so the score today is

Pips up 85
Pips Down 80 (including 50 pip butt whooping from GBPUSD)

All that hard work for 5 pips.....I'll see if I can get my paper round job back....it paid better ......lol

But seriously guys...............HHHHHHEEEEELLLLLPPPPPP !!

ab1
Hi AB,

Sorry to hear you had a couple of losers today.

Your entry on the G/U trade was not fully confirmed which is probably why it failed.

when we enter on lower time frames we do a couple of things

1. Wait for a cross of the TS/KS in the direction that we want on the side of the kumo that we want - TICK you have this spot on
2. If the price action is below the TS, wait until it retraces to the TS and then for the next candle to finish back in the direction that you want to trade - This is where you went wrong.

The price action is well clear of the 5 min TS when you entered, the correct entry would have been seeing this cross and then waiting for a candle to come back and test the TS or higher resistance and then for one to close back below the TS to provide an entry signal.

I have attached a 5 min chart for the E/U right now that shows an ideal 5 min entry signal for a short.

See how the price has retraced to the TS after the TS/KS cross and is now turning bearish again. We would wait for this candle to close bearish and then jump in.

You're only problem was pulling the trigger on the trade too early.

Keep it up mate and don't try to force it, there are plenty of signals every week

You're obviously improving very rapidly due to the questions that you have been asking more recently so you're not far off being a lot more comfortable with the system.

It is difficult when you have started trading ichi recently and the market starts moving a lot because it gives you a false sense of safety during a massive selloff like we have been seeing.

Take it easy and you'll be back pulling plenty of green in no time. From personal experience, the time I lose the most is when I am pissed about a trade gone bad and try to make it back quickly.

When a bad one happens, it's best to take a break and get your mind off it and then come back to the computer, sit on your hands and do not look at the market for trades again until you have worked out what went wrong.

You will make a shite load more than a paper run if you take that approach I assure you.

Cheers.
Attached Image (click to enlarge)
Click to Enlarge Name: eu 5min entry signal.gif Size: 32 KB
  • #4,125
  • Sep 28, 2009 12:41pm Sep 28, 2009 12:41pm
Quoting 4xAddict
Hi AB,

Sorry to hear you had a couple of losers today.

Your entry on the G/U trade was not fully confirmed which is probably why it failed.

when we enter on lower time frames we do a couple of things

1. Wait for a cross of the TS/KS in the direction that we want on the side of the kumo that we want - TICK you have this spot on
2. If the price action is below the TS, wait until it retraces to the TS and then for the next candle to finish back in the direction that you want to trade - This is where you went wrong.

The price action is well...
Also, isn't the price above the kumo on the daily chart on the EU or were you just showing what the entry around the Ts SHOULD look like assuming all ideal conditions?
  • #4,126
  • Sep 28, 2009 1:19pm Sep 28, 2009 1:19pm
Quoting ab1
Seriously guys jokes aside ....are any of you guys actually making money out of this stuff ? I mean real money ??....I'm not interested in your personal target or any numbers...but who has been doing this stuff all there working life..... and is it treating you well ?

Because it looks real hard and unpredictable !

ab1
Ab,

You sound like you've got yourself a bit worked up which happens to all of us however when you feel like this - don't trade! Turn the PC off for the day and come back tomorrow.

I personally trade a full account using ichi for a living and have replaced my job with the income that I am making.

For example I have seen net gains of 1350+pips in the past 3 weeks which whilst not making me a millionaire over night is quite solid income and a return of 13.5%+ on equity.

My trading started about 7 years ago when I needed to start hedging currency exposure for my trading company in Hong Kong and ever since starting it has become a passion.

I have been doing this full time now on and off for 9 months including time away on holidays and things are going well over all. Sure everyone has a stinking week because they try a bit hard to make trades happen but that is the key to the problem. If you set yourself a dollar target to achieve, you are inclined to hold good positions too long and place way to much emphasis on the ones that don't work out.

Just set yourself a target of only trading by ichi rules, forget all the other bollocks people say to do by adding this indicators, that indicator. Sure some of these things work for certain people's trading styles however if you want reliable regular results you need to keep all of your variables exactly the same all the time.

If you set yourself a goal of making no other trades for a month besides pure ichi trades using Vic's system and if after a month you are not ahead then at least you have given it a chance.

So many guys blow through here thinking they'll make a million dollars in 3 days. That sh1t dosn't exist, the only way to make money out of trading is by doing the same thing every day for as long as it takes to get regular results.

It is also really important though that if you cannot afford to lose 50 pips in a trade to look at the two scenarios that you may have found yourself in:
1. You are trading too large a lot sizes vs your account equity
2. You aren't in the financial position to afford to trade at the moment

These are two common situations that traders often find themselves in. I am not saying that you are in either of these predicaments however it's common that people are in these situations without knowing it.

If you are never risking more that 2% of your account equity and you are always taking trades with a risk:reward ratio of 1:1 or greater then you can afford to take a bad trade here and there because you only need one to get you back on track.

Keep your chin up and with ichi trading, more is less if you watch the longer time frames. It is a lot less stressful and less time consuming.

Cheers.
  • #4,127
  • Sep 28, 2009 1:21pm Sep 28, 2009 1:21pm
Quoting happyhappy
I know how it feels to think you're doing everything right and it goes against you... This will happen though, its trading. I am far from an expert on this stuff but there are some tendencies in the market, 1 of them is that the stock market can mess up our trades, another is that often there will be a reversal an hour into ny or london....
Hi Happy,

We are in the process of creating a detailed summary of the ichi system, trade entry, SL movement and exit techniques, risk management and money management systems that we use and it will be finished hopefully by the start of next week.

Cheers.
  • #4,128
  • Sep 28, 2009 1:29pm Sep 28, 2009 1:29pm
Quoting mgs1f
My first rule is to never trade the GU without looking at the direction for Gold and Oil. I would advise only longs on the GY and GU for the comming week.
Hi mgs1f,

I agree that we will see some retracement strength in the GBP pairs in the near future also.

regarding gold an oil, let's not confuse the issue here too much.

your reference obviously refers to weakness in the USD resulting in commodity price increases and increases in riskier currency pairs along with the correlation between risk appetite improving in the markets and the resulting increases in commodities that comes from the expectation that the markets will improve in the future (hence more gold and oil will be used).

what we are trying to achieve and provide is a simple and clear method for trading using only our ichimoku system. whilst we certainly value your input, I am sure as an experienced trader you can understand how making a simple statement without elaborating on the topic serves more to confuse than to assist people who are just learning the system.

Please keep up your posts and feel free to assist new traders however we try to keep a tight policy here and try to limit and expansion of our core discussion topic so that we can produce reliable and replicable trade scenarios based on a clear cut system.

Cheers!
  • #4,129
  • Sep 28, 2009 1:34pm Sep 28, 2009 1:34pm
Quoting SanMiguel
Also, isn't the price above the kumo on the daily chart on the EU or were you just showing what the entry around the Ts SHOULD look like assuming all ideal conditions?
Hi SM,

Exactly, it is purely an example of what a sell trade entry should look like on a lower TF (1min/5min OR 15min) provided the longer TF's are already supporting the trade

How are things with you today? Been in the market or waiting an entry?

Cheers.
  • #4,130
  • Sep 28, 2009 1:41pm Sep 28, 2009 1:41pm
Thanks 4x

Very interesting read, It is also good to know you have made a success from itchi and has rewarded you well.

Looking forward to the "ichi manual" almost feels like christmas

Thanks
  • #4,131
  • Sep 28, 2009 1:57pm Sep 28, 2009 1:57pm
Quoting 4xAddict
Hi SM,

Exactly, it is purely an example of what a sell trade entry should look like on a lower TF (1min/5min OR 15min) provided the longer TF's are already supporting the trade

How are things with you today? Been in the market or waiting an entry?

Cheers.
Yes, not bad - I'm awaiting an entry at the moment
Actually, I trade GBPUSD every day but that's by another method - it's the only pair I trade. I was really looking to Ichi to add something else to my trader knowledge and another format to trade
  • #4,132
  • Sep 28, 2009 2:05pm Sep 28, 2009 2:05pm
Quoting SanMiguel
Yes, not bad - I'm awaiting an entry at the moment
Actually, I trade GBPUSD every day but that's by another method - it's the only pair I trade. I was really looking to Ichi to add something else to my trader knowledge and another format to trade
Mate,

Some guys are applying it quite well to Gold, the Nikkei, Dow etc.

I am not sure where the boundaries are to be honest. For me there are so many pairs that they are offering enough signals to keep me on my toes for the time being. As I slowly push my TFs out further though I will no doubt start looking at other areas to apply it to.

G/U is a great money maker once you get to know it. I follow the GBP pairs every day also, it had been a lean 6 weeks until last week when the bomb went off. There's talk of 150 on cable and 135 on G/Y.

Put me down to a ticket on that train

Cheers.
  • #4,133
  • Edited 3:50pm Sep 28, 2009 2:26pm | Edited 3:50pm
the only strong signal that i've got today was on GBP/CAD .
Attached Image (click to enlarge)
Click to Enlarge Name: d7ggd71ml4q52mkp1nsq.gif Size: 24 KB

Attached Image (click to enlarge)
Click to Enlarge Name: uy26yz8gq8y26qckpio.gif Size: 21 KB

Attached Image (click to enlarge)
Click to Enlarge Name: uuc2l5oz2bnya2ubghg6.gif Size: 26 KB

Attached Image (click to enlarge)
Click to Enlarge Name: mmwupmirzqvqgfee2a2r.gif Size: 24 KB







  • #4,134
  • Edited 3:26pm Sep 28, 2009 3:12pm | Edited 3:26pm
Hello Guys

sorry i was away all day, was in a bloody meeting at in my silly job for more than 4Hrs and was preparing all the day , any way am sure that one day i'll be free , let me get to the point
i see that some have lost money today, very clearly and speaking technical wise the GBP was not ready for more selling today !!!!
yes it was in lowest places seen from a long time during this week and last week.
if we looked at the higher TFs like 4hrs we will see that Ichimoku was not supporting Short position now,
The future Kumo which most of us don't consider was flat so the prices will be attracted to it , the Ks is flat the price will tend to attraction .
very clear.

the picture is an example of GBPUSD this week and last week
see how last week it was attracted by the Ks followed by the Flat Kumo and then started to resume the down move

when bulls trade the buy from dips
when bears trade the sell from highs


Wishing all of us a green week
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenShot001.jpg Size: 84 KB
  • #4,135
  • Sep 28, 2009 3:20pm Sep 28, 2009 3:20pm
Quoting 4xAddict
Hi SM,

Exactly, it is purely an example of what a sell trade entry should look like on a lower TF (1min/5min OR 15min) provided the longer TF's are already supporting the trade

How are things with you today? Been in the market or waiting an entry?

Cheers.
A 4x...a quick question about this again.
If you get a Ts/Ks cross and you are then waiting for a retest of the Ts (say price was far away from the Ts when the cross happened) and a close of the candle below the Ts, do you need another Ts/Ks cross to happen as the signal or you taking the retest as completion of the signal and therefore entering the trade maybe x periods later?
  • #4,136
  • Sep 28, 2009 3:24pm Sep 28, 2009 3:24pm
evening guys , what do u think about this trade ? i entered today once i saw cross , and confirmation by chikou , also cross on weekly , this is supposed to be a long term trade . So far price is ranging .
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eur nok.gif Size: 25 KB
Click to Enlarge Name: eur nok2.gif Size: 24 KB
  • #4,137
  • Sep 28, 2009 3:35pm Sep 28, 2009 3:35pm
looking for money, planning the next positions
1st signal will be looking for is Sell USDJPY
the price started to face the resistance area on 4hrs chart (Ks+Flat kumo) a rejection from this area a rejection from this area with followed by a sell signal on 1Hr will be entry,
if this scenario didn't happen there will no position for me in this pair, i'll be looking for another place to put my money in .

good luck
Attached Image (click to enlarge)
Click to Enlarge Name: usd1hr.gif Size: 19 KB
  • #4,138
  • Sep 28, 2009 3:37pm Sep 28, 2009 3:37pm
Quoting SanMiguel
A 4x...a quick question about this again.
If you get a Ts/Ks cross and you are then waiting for a retest of the Ts (say price was far away from the Ts when the cross happened) and a close of the candle below the Ts, do you need another Ts/Ks cross to happen as the signal or you taking the retest as completion of the signal and therefore entering the trade maybe x periods later?
Hi SM,

One TS/KS cross below the kumo for a sell (or above for a buy) is all that we need. We just wait for the price action to come back and test the TS when possible to reduce any drawdown and reconfirm that the sentiment in the market that caused the cross is still there.

have I explained that clearly?

Cheers?
  • #4,139
  • Edited 3:49pm Sep 28, 2009 3:39pm | Edited 3:49pm
Quoting vic_elc
Hello Guys..
i see that some have lost money today, very clearly and speaking technical wise the GBP was not ready for more selling today !!!!
yes it was in lowest places seen from a long time during this week and last week.
if we looked at the higher TFs like 4hrs we will see that Ichimoku was not supporting Short position now,
The future Kumo which most of us don't consider was flat so the prices will be attracted to it , the Ks is flat the price will tend to attraction .
very clear..
Aha here it's come and post, was looking if u made a post today
You explain it great with ichi , Not sure to post my other reasons if not goes with ichi or not.
Any way I closed my short @1.5850 with nice ++ waiting to short again.But we still in down trend as Daily tf says "Just pick up ur entry".
  • #4,140
  • Sep 28, 2009 3:52pm Sep 28, 2009 3:52pm
Quoting egkid
Aha here it's come and post, was looking if u made a post today
You explain it great with ichi , Not sure to post my other reasons if not goes with ichi or not.
Any way I closed my short @1.5850 with nice ++ waiting to short again.But we still in down trend as Daily tf says "Just pick up ur entry".
Helloo Bro

thanks for your kind words , i was in a meeting for a long time today but at last am home watching my lovely chart again

have a nice week
3 traders viewing now