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Ichimoku forever

  • #4,161
  • Sep 28, 2009 6:39pm Sep 28, 2009 6:39pm
Good morning warriors,

What do you think of the AUD/USD M15 chart? Do you think it is too late to go long based on it?

Thanks.
Attached Image (click to enlarge)
Click to Enlarge Name: aud_usd_m15.jpg Size: 103 KB
  • #4,162
  • Sep 28, 2009 6:48pm Sep 28, 2009 6:48pm
Hey 4XAddict

Been out and just got back in, I see everyone has been very helpful regarding my GBPUSD loss today....thank you appreciated.

Ill read up in the morning and maybe ask a few questions. One thing I did note was that you used the EURUSD as an example of what a good entry should look like and wondered if you could comment directly off the chart I submitted of my failed trade and illustrate what was wrong with that set up please.

I do understand money management an that stop loss size is irrelevant whether its 10 pips or 110 pips, if your money management is correct the loss should be identical....your trade set up should be based on that rule, which a lot of people dont seem to get ! and I would only ever risk 2 to 3 % of my account on anyone trade. .....I just dont like losing !

Anyway cheers Mate until tomorrow

ab1
  • #4,163
  • Sep 28, 2009 9:09pm Sep 28, 2009 9:09pm
Hi guys,

I entered a short trade on the usdjpy last Monday the 21.09.09 that I have just exited. Please note: this is a S/R trade and does not follow Vic's strong signal method.

Entry 21.09.09: 92.45
Exit 29.09.09: 90.20

Profit: 225 pips

Explanation: Entry at 92.45 based on a pullback to the daily KS line before a continuation of the trend. SL initially followed the 15m KS + buffer until approximately 90.00. Then, SL was based on the 4hourly KS + buffer.

Mistake: In hindsight, the recent low at 90.11 should have signalled a SL higher than 90.20. However, I missed this and as a result, I was potentially stopped out at the top of a pullback . As you will see, the total move was more than 400 pips all the way down to 88.24. My goal was to see a move down to 87.10 and possibly beyond.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdjpy daily.gif Size: 16 KB
Click to Enlarge Name: usdjpy hourly.gif Size: 21 KB
  • #4,164
  • Sep 28, 2009 9:13pm Sep 28, 2009 9:13pm
Quoting Trade2FI
Good morning warriors,

What do you think of the AUD/USD M15 chart? Do you think it is too late to go long based on it?

Thanks.

Hi Warriors

Would appreciate any feedback you have on this AUD/USD M15 long? Here's the latest screenshot. Thanks

P/S. I am still a junior member and my message appears about 45 mins later.
  • #4,165
  • Sep 28, 2009 9:14pm Sep 28, 2009 9:14pm
Sorry. Forgot the attachment of the screenshot.
Attached Image (click to enlarge)
Click to Enlarge Name: aud_usd_m15.jpg Size: 89 KB
  • #4,166
  • Sep 28, 2009 10:02pm Sep 28, 2009 10:02pm
I was wondering if someone can take a quick look at USDCAD for me and give me their opinion. To me 1.0825 looks like an interesting area. Possibly going up from there. Any thoughts are appreciated.

BTW, have been watching this thread for some time now just taking it in and trying to understand as I am fairly new to ICHI. I like what I see, good job guys, keep it up.
  • #4,167
  • Sep 28, 2009 10:17pm Sep 28, 2009 10:17pm
Looking to get long in AUD/CHF M5 as soon as the chikou span gets above the candle. I think it is a safe trade but I may be missing something as I am very new. Any comments from our warriors?

P/S. Yippee I have just been upgraded to a member. Thanks, administrator.
  • #4,168
  • Sep 28, 2009 10:18pm Sep 28, 2009 10:18pm
Attachment of AUD/CHF 5M Chart.
Attached Image (click to enlarge)
Click to Enlarge Name: aud_chf_m5.jpg Size: 90 KB
  • #4,169
  • Edited 12:23am Sep 29, 2009 12:22am | Edited 12:23am
Hi guys,

I have only just gone over the last few pages. Vic and 4x are very experienced guys with the ichi and their advice is spot on. I thought some of you who were burnt by the gbpusd yesterday would be interested to see a S/R long trade setup that I had for the gbpusd which might give you some insight into why the market moved the way it did yesterday.

Entry: 1.5730
SL: 1.5660

Result: The price bottomed at 1.5769, 39 pips from my entry so I did not enter the trade.

Explanation: On the weekly chart, the trend over the last 6 months has been long. Recently, price touched the top of the weekly kumo (senkou span B) which is one year of equilibrium. At the moment, it is unclear as to whether the long trend is reversing or if the long trend has been in a very strong pullback to the weekly ks at 1.5710 (effectively 6 months of equilibrium). My trade is based on the support of the weekly ks with the potential to continue the long trend if it can break the weekly kumo at 1.7000 area. As I am writing this, the gbpusd is at 1.5955 which would have been more than 200 pips in profit if my trade had been activated.

Please note: This trade is based on S/R using the Ichimoku and is not based on Vic's strong signal method.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd daily.gif Size: 25 KB
  • #4,170
  • Sep 29, 2009 12:28am Sep 29, 2009 12:28am
Quoting Iskander
Vic , 4x , would u guys enter on a cross , or rather wait for a bounce from kijun ? Any feedback is highly appreciated !
Hi 2 All. Guys, can you describe, how does work the indicator Ichimoku Signal v.2 I try understand, but something....not udertsanding for me
Thanks
  • #4,171
  • Sep 29, 2009 12:35am Sep 29, 2009 12:35am
I mean the interpretation signals of this indicator
  • #4,172
  • Sep 29, 2009 1:33am Sep 29, 2009 1:33am
Hey Vic

Just out of interest, has there been any official kumo warriors trades this week so far?

Thanks
  • #4,173
  • Sep 29, 2009 1:58am Sep 29, 2009 1:58am
Quoting fxScavenger
Hi 4xAddict,

So we find TS a good measure of resistance when waiting for a retrace to end? And Reverse for shorts of course.
Hi FxS,

This is correct and is applicable only for entry signals on the lower TF's.

This provides us with confirmation that the trend is continuing in the short term and will not cause us extra draw down.

Even if price breaks TS and then bounces off KS or even the kumo, as long as the TS and KS have not crossed the wrong way, the next candle to break the TS is an entry signal.

Does that make sense?

Cheers.
  • #4,174
  • Sep 29, 2009 2:18am Sep 29, 2009 2:18am
Looks like things could be resuming that bearish trend
  • #4,175
  • Sep 29, 2009 2:19am Sep 29, 2009 2:19am
Hello Traders,
Please take a look at my Daily review...
I have tried to show you what I am waiting for...
Which will hopefully help add to the other explanations recently posted by 4xAddict...

As I post this price action is falling below the 1 hour Ks and the 30min. Kumo...
I will be looking for a good signal on the 5 min..

Remember to wait for a pullback, do not just jump in because price in moving....
As 4x showed in his EurUsd trade entry example!!!!!!
Attached File(s)
File Type: pdf GBPUSDdaily28-Sep-2009.pdf   139 KB | 455 downloads
Attitude can reflect outcome in life and trading!
  • #4,176
  • Sep 29, 2009 2:23am Sep 29, 2009 2:23am
Quoting ab1
Hey 4XAddict

Been out and just got back in, I see everyone has been very helpful regarding my GBPUSD loss today....thank you appreciated.

Ill read up in the morning and maybe ask a few questions. One thing I did note was that you used the EURUSD as an example of what a good entry should look like and wondered if you could comment directly off the chart I submitted of my failed trade and illustrate what was wrong with that set up please.

I do understand money management an that stop loss size is irrelevant whether its 10 pips or 110 pips,...
Hi Mate,

No problems.

I have attached your trade chart with comments for you.

Not having the other charts that made up this trade I can only provide feedback on your entry signal as posted. Regardless of what the other charts were saying, the entry signal didn't give you a full confirmation which explains the 5 min price action anyway.

Can you explain for me the logic that you were using when you decided to enter at that point? This would be more helpful so that I can understand what you saw at the time and we can work out where the differences in out logic are located.

Sorry about the mark up, I am all thumbs with photoshop

Cheers.
Attached Image (click to enlarge)
Click to Enlarge Name: AB1 gbpusd m5 failed trade feedback with comments.jpg Size: 433 KB
  • #4,177
  • Sep 29, 2009 2:23am Sep 29, 2009 2:23am
Hi Warriors and fellow Kumo traders. I have found this cool indicator Stratman-Minichart_v12. I think it's a great addition to Ichimoku signal indicator. It doesn't take much space as it fits under the Ichi signal indicator. If someone tells me how to post a chart I am happy to post it here so everyone can see if they would like it on the charts.
  • #4,178
  • Sep 29, 2009 2:23am Sep 29, 2009 2:23am
Quoting 4xAddict
Hi FxS,

This is correct and is applicable only for entry signals on the lower TF's.

This provides us with confirmation that the trend is continuing in the short term and will not cause us extra draw down.

Even if price breaks TS and then bounces off KS or even the kumo, as long as the TS and KS have not crossed the wrong way, the next candle to break the TS is an entry signal.

Does that make sense?

Cheers.
Yes I believe so. A very handy thing to understand.

I'm watching The NZDUSD M30 & lower as we speak, and playing small little 5 pip scalps to get a feel for it. took 4, 5 pip scalps off the Nzd$ and 1 off the Aud$ in the last couple of hours. all long entries.
fxScavenger Arrogance is just Ignorance misspelled. abso-PIPn-lutely
  • #4,179
  • Sep 29, 2009 2:27am Sep 29, 2009 2:27am
Quoting krmo
Hello Traders,
Please take a look at my Daily review...
I have tried to show you what I am waiting for...
Which will hopefully help add to the other explanations recently posted by 4xAddict...

As I post this price action is falling below the 1 hour Ks and the 30min. Kumo...
I will be looking for a good signal on the 5 min..

Remember to wait for a pullback, do not just jump in because price in moving....
Cheers for that krmo.
Watching the 5min with you for that entry
  • #4,180
  • Sep 29, 2009 2:28am Sep 29, 2009 2:28am
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
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