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Ichimoku forever

  • #4,141
  • Sep 28, 2009 4:03pm Sep 28, 2009 4:03pm
Quoting vic_elc
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
Hi Vic,

SO if the h1 TK down cross happens you will put your SL above Kumo around 89.93 and Tp where?
fxScavenger Arrogance is just Ignorance misspelled. abso-PIPn-lutely
  • #4,142
  • Sep 28, 2009 4:05pm Sep 28, 2009 4:05pm
Quoting vic_elc
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
Yeah i know that feeling, Welcome home
  • #4,143
  • Sep 28, 2009 4:16pm Sep 28, 2009 4:16pm
Quoting fxScavenger
Hi Vic,

SO if the h1 TK down cross happens you will put your SL above Kumo around 89.93 and Tp where?
the next support will be seen @ 88.22= TP1
then we might see a move till the 87 and 85 on the long run

better to keep move you SL with Ks once the move starts to look stronger for max protection
have a nice day
  • #4,144
  • Sep 28, 2009 4:28pm Sep 28, 2009 4:28pm
Vic , 4x , would u guys enter on a cross , or rather wait for a bounce from kijun ? Any feedback is highly appreciated !
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  • #4,145
  • Sep 28, 2009 4:51pm Sep 28, 2009 4:51pm
Quoting Iskander
Vic , 4x , would u guys enter on a cross , or rather wait for a bounce from kijun ? Any feedback is highly appreciated !
i think it is better to wait the daily close and see how the big picture will look like, the price as far from Ts and might need to normalize before any other down move
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  • #4,146
  • Sep 28, 2009 4:52pm Sep 28, 2009 4:52pm
Hi all

Just want to tell you that I finally finish reading whole thread.

I now go back reread 10 first pages, then I hope I can start do something about trading.

Thanks for so many great post about this setup.

And I really look forward to that book next week

Take care and may the pip go your way.

Peter
  • #4,147
  • Sep 28, 2009 4:57pm Sep 28, 2009 4:57pm
Quoting vic_elc
the next support will be seen @ 88.22= TP1
then we might see a move till the 87 and 85 on the long run

better to keep move you SL with Ks once the move starts to look stronger for max protection
have a nice day
Thank you Vic,

I decided to follow what your doing for a while for better understanding.
If thats ok with you?
I've read and read and read but now I need to fine tune all that I read.

So above the Kumo would just be an intial SL, then once trade gets going, you would move SL down with Ks flats?
fxScavenger Arrogance is just Ignorance misspelled. abso-PIPn-lutely
  • #4,148
  • Sep 28, 2009 4:59pm Sep 28, 2009 4:59pm
Quoting fxScavenger
Thank you Vic,

I decided to follow what your doing for a while for better understanding.
If thats ok with you?
I've read and read and read but now I need to fine tune all that I read.

So above the Kumo would just be an intial SL, then once trade gets going, you would move SL down with Ks flats?

yes this is the best way to save your deal and bank some money , it is like milking the trend

have a nice week
  • #4,149
  • Sep 28, 2009 5:00pm Sep 28, 2009 5:00pm
Quoting fratelli
Hi all

Just want to tell you that I finally finish reading whole thread.

I now go back reread 10 first pages, then I hope I can start do something about trading.

Thanks for so many great post about this setup.

And I really look forward to that book next week

Take care and may the pip go your way.

Peter
Way to go Peter, You Dude.

Dont forget the IchimokuWiki.pdf - Thats gold man - a must read.

I've read it 3 x's and expect to read it again.
fxScavenger Arrogance is just Ignorance misspelled. abso-PIPn-lutely
  • #4,150
  • Sep 28, 2009 5:01pm Sep 28, 2009 5:01pm
Vic, what do you use to draw your pivot lines? I see 2 support lines, one at 88.626 and 88.266. Thank you.

Quoting vic_elc
the next support will be seen @ 88.22= TP1
then we might see a move till the 87 and 85 on the long run

better to keep move you SL with Ks once the move starts to look stronger for max protection
have a nice day
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  • #4,151
  • Sep 28, 2009 5:03pm Sep 28, 2009 5:03pm
What is the take on the EURJPY at the moment?
It looks like price rejected off the 1hr Ks and priced closed below the Ts. However, a few hours later, it moved above the Ts again.
The 4hr chart shows the Ks far away and a flat bearish kumo in the future.
However, price was also rejected off the last chikou span S/R.

I'm thinking go with a 1hr SELL signal. However, the chikou on the 1hr is running flat and will hit price soon.

http://www.sidekicker.net/Ichi/EURJPY_20090928_1.jpg
  • #4,152
  • Sep 28, 2009 5:03pm Sep 28, 2009 5:03pm
Quoting vic_elc
yes this is the best way to save your deal and bank some money , it is like milking the trend

have a nice week
Thanks,

All the Ichi moving parts are starting to come together for me.

Is lionsden Ok? I havn't seen an AUDUSD Weekly Report from him yet.
fxScavenger Arrogance is just Ignorance misspelled. abso-PIPn-lutely
  • #4,153
  • Sep 28, 2009 5:04pm Sep 28, 2009 5:04pm
Quoting vic_elc
i think it is better to wait the daily close and see how the big picture will look like, the price as far from Ts and might need to normalize before any other down move
So u will start looking for a cross on lower tf , after price bounces from daily tenkan ?
  • #4,154
  • Sep 28, 2009 5:09pm Sep 28, 2009 5:09pm
Quoting 4xAddict
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?
Yes. However, one final clarification with an example
In the chart below, EURJPY, you will see the 1hr price bounce from the Ks and then close below the Ts. However, the actual Ts/Ks cross was many hours ago. but on the way down (and I think BULL traded some of these on Friday) you see twice how it bounces off the Ks and closes below the Ts yet the actual cross only happened once way back by the kumo on the 23rd Sep - point A. So, doesn't D qualify as a sell exactly as A, B, and C did? The only difference being the chikou might be heading sideways at point D but it looks similar to how it was moving at point B.

http://www.sidekicker.net/Ichi/EURJPY_20090928_2.jpg
  • #4,155
  • Sep 28, 2009 5:18pm Sep 28, 2009 5:18pm
Quoting Iskander
So u will start looking for a cross on lower tf , after price bounces from daily tenkan ?
yeah this is what i pref, but we have to wait and see what the market will do and then we can decide more what we shall do

cheers
  • #4,156
  • Sep 28, 2009 5:28pm Sep 28, 2009 5:28pm
Quoting vic_elc
yeah this is what i pref, but we have to wait and see what the market will do and then we can decide more what we shall do

cheers
Ok , thanks man , market was so uncertain today , hopefully tomorrow we will have some strong signals
  • #4,157
  • Sep 28, 2009 5:29pm Sep 28, 2009 5:29pm
Quoting fkforex
Well i just got burned today too so don't think you're the only own lol At least you only take 2 steps back. I take one forward and trip on the treadmill and get taken away lol

As far as a Do's & Don'ts list, I think Vic and other warriors are in the process of creating a doc that will help us out. Boy i hope it helps us out lol
I have been reading monitoring this thread for two weeks now and though there are great advice given by most, I sense fustration form the less experienced traders. I was once told by someone in the business that my failure to suceed in this business is due to my lack of a feel for the charts. It is as it you have a pet dog and he give you signals as to his needs. He might bark one way when he want to eat, another way when he wants to go outside for a walk, and yet another way when he wants to play. To a bystander it apairs that he is just barking because he might be hungry and yet the owner can distinguish each from the other.
The person suggest that I watch the chart of a particular pair without any indicators. Doing this will give you a feel for when something unusual is happen without having to monitor the news.
It is easy to explain away why the chart did what it did after the fact, which is what most people do. Just like your pet, you don't know when he might want something before he does but you know once he has given you the signs. Take the time to get a feel for the chart, get to know it's tendencies and let it become like a pet.
  • #4,158
  • Sep 28, 2009 5:31pm Sep 28, 2009 5:31pm
Quoting 4xAddict
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?
Hi 4xAddict,

So we find TS a good measure of resistance when waiting for a retrace to end? And Reverse for shorts of course.
fxScavenger Arrogance is just Ignorance misspelled. abso-PIPn-lutely
  • #4,159
  • Sep 28, 2009 5:35pm Sep 28, 2009 5:35pm
Quoting antonioforex
Vic, what do you use to draw your pivot lines? I see 2 support lines, one at 88.626 and 88.266. Thank you.
i don't use anything do determine the fibo levels and the pivot lines i lean only on Ichimoku to show where are the important S/R levels also by looking at the candles you will be able to get your S/R levels , same as in USD JPY 1Hr

everything is there in the chart , all we need to so is just look and think

feel free to ask about anything

cheers
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  • #4,160
  • Sep 28, 2009 5:41pm Sep 28, 2009 5:41pm
Thank you!


Quoting vic_elc
i don't use anything do determine the fibo levels and the pivot lines i lean only on Ichimoku to show where are the important S/R levels also by looking at the candles you will be able to get your S/R levels , same as in USD JPY 1Hr

everything is there in the chart , all we need to so is just look and think

feel free to ask about anything

cheers
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