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Ichimoku forever

  • #4,181
  • Sep 29, 2009 2:38am Sep 29, 2009 2:38am
Quoting carsomyr
Cheers for that krmo.
Watching the 5min with you for that entry
Remember our Ichi rules... we want to see Chinkou comfirmation on the 1 hour and 30 min....
We would also like to see a TsKs cross on the 1 hour...this cross may not be a Strong signal it could be a neutral...but the trend is strong enough I may not be concerned with that... wait and see...!!!

Also be careful as news in 45 minutes...may be best to wait...
Attitude can reflect outcome in life and trading!
  • #4,182
  • Sep 29, 2009 2:57am Sep 29, 2009 2:57am
Quoting Giny
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...
Hi Giny,
An excellent explanation of and use of the Kumo and Kinku-sen as to Equilibrium and their relation to time. WOW thats powerful!! I don't know if I wuld ever have made that conection. A new viewpoint for me. Thanks for letting me see it through your eyes
fxScavenger Arrogance is just Ignorance misspelled. abso-PIPn-lutely
  • #4,183
  • Sep 29, 2009 3:00am Sep 29, 2009 3:00am
Quoting 4xAddict
Ab,

You sound like you've got yourself a bit worked up which happens to all of us however...
Man. You have hit the nail on the head. That's a wonderful piece of advice. hope this will stick to us.
  • #4,184
  • Sep 29, 2009 3:00am Sep 29, 2009 3:00am
Quoting fxScavenger
Hi Giny,
An excellent explanation of and use of the Kumo and Kinku-sen as to Equilibrium and their relation to time. WOW thats powerful!! I don't know if I wuld ever have made that conection. A new viewpoint for me. Thanks for letting me see it through your eyes
The kinku-sen - what's that?????
  • #4,185
  • Sep 29, 2009 3:06am Sep 29, 2009 3:06am
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....
As 4x showed in his EurUsd trade entry example!!!!!!
Hi krmo,

Couldn't you take the signal that just occured on the M1? OOps as I type I see why not.
fxScavenger Arrogance is just Ignorance misspelled. abso-PIPn-lutely
  • #4,186
  • Sep 29, 2009 3:09am Sep 29, 2009 3:09am
Quoting SanMiguel
The kinku-sen - what's that?????
I guess I need to get my Kinku freak on. Kijun-sen -

Hey SM - How are you?
fxScavenger Arrogance is just Ignorance misspelled. abso-PIPn-lutely
  • #4,187
  • Sep 29, 2009 3:10am Sep 29, 2009 3:10am
Quoting fxScavenger
Hi krmo,

Couldn't you take the signal that just occured on the M1?
Where would you place your stop?
Price just made a big move, it needs to find equilibrium...
If you wait for a pullback then you do not need to live/ stress thru a draw down.....As you can see it is now pulling back...
Attitude can reflect outcome in life and trading!
  • #4,188
  • Sep 29, 2009 3:10am Sep 29, 2009 3:10am
Quoting 4xAddict
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

Cheers.

Morning 4XAddict

Really appreciate the time you guys are putting in to explain things.....good job !

Ok, the ab1 logic behind the entry.

The Daily showed me that we are bearish, as did all time frames except the 15M which was above the Kumo. Although I checked other time frames I wasnt really thinking it was a concern I was only focused I suppose on the Daily for trend reference, I didnt really consider the other time frames were important............sounds like mistake number 1 !

I got the cross over, I thought It was strong just below the Kumo and the future kumo was Bearish. The span was way below price action and although there was a flat on the adjacent bullish Kumo, I thought it was far enough away not to be drawn back to it.

I also used the Daily to calculate any S/R levels and to also plan my possible targets for profit taking. To me it looked a sure fire banker !

anyway thats about it, I can see from the comments that I made mistakes by not using other time frames for reference to Kumo and S/R levels.

ab1
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd m5.jpg Size: 99 KB
  • #4,189
  • Sep 29, 2009 3:16am Sep 29, 2009 3:16am
Quoting fxairy
I mean the interpretation signals of this indicator
May be my question was not important (but , how i understandting, the indicator just show cross TS, KS etc) and show direction
  • #4,190
  • Edited 3:22am Sep 29, 2009 3:17am | Edited 3:22am
Quoting krmo
Where would you place your stop?
Price just made a big move, it needs to find equilibrium...
If you wait for a pullback then you do not need to live/ stress thru a draw down.....As you can see it is now pulling back...
Yeah I saw my error as I was typing. The m1 TK has crossed up as we speak, s your absulutely correct.
fxScavenger Arrogance is just Ignorance misspelled. abso-PIPn-lutely
  • #4,191
  • Sep 29, 2009 3:24am Sep 29, 2009 3:24am
Quoting fxairy
May be my question was not important (but , how i understandting, the indicator just show cross TS, KS etc) and show direction
Could you ask your question again please....
Attitude can reflect outcome in life and trading!
  • #4,192
  • Sep 29, 2009 3:24am Sep 29, 2009 3:24am
Quoting SanMiguel
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...
Hi SM,

I think we are saying the same thing.

As long a one TS/KS cross has occurred and the TS/KS does not cross back the other way, all we need is for the price action to test or close above the TS and then close again below it to signal trade continuation and another entry signal.

We only need one TS/KS cross. It is the price action crossing above the TS and then crossing below the TS again that provides the entry signals.

Cheers.
  • #4,193
  • Sep 29, 2009 3:27am Sep 29, 2009 3:27am
Quoting fxScavenger
Yeah I saw my error as I was typing. The m1 TK has crossed up as we speak, s your absulutely correct.
Also remember to look at the hourly...it is not there yet though close...
News in just a few minutes....

Spread is widening
Attitude can reflect outcome in life and trading!
  • #4,194
  • Sep 29, 2009 3:44am Sep 29, 2009 3:44am
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

Hello Vic. I have been following this move for sometime now. Though am new. I have understood the setup of ichimoku to take a good trade. Please keep us posted as soon as the setup takes effect. If not we look elswhere. I took the daily g/u about five days ago. Am over 390+ right now. Am still holding on.
  • #4,195
  • Sep 29, 2009 3:55am Sep 29, 2009 3:55am
Quoting 4xAddict
Hi SM,

I think we are saying the same thing.

As long a one TS/KS cross has occurred and the TS/KS does not cross back the other way, all we need is for the price action to test or close above the TS and then close again below it to signal trade continuation and another entry signal.

We only need one TS/KS cross. It is the price action crossing above the TS and then crossing below the TS again that provides the entry signals.

Cheers.
Ok, but on that EURJPY chart I had, point D looks very similar to point B so shouldn't it qualify as an entry?
A few periods before the Ts crosses back over the Ks, price actually bounced off the Ks and closed below the Ts indicating a sell?

http://www.sidekicker.net/Ichi/EURJPY_20090928_2.jpg
  • #4,196
  • Sep 29, 2009 3:58am Sep 29, 2009 3:58am
Quoting SanMiguel
Ok, but on that EURJPY chart I had, point D looks very similar to point B so shouldn't it qualify as an entry?
A few periods before the Ts crosses back over the Ks, price actually bounced off the Ks and closed below the Ts indicating a sell?

http://www.sidekicker.net/Ichi/EURJPY_20090928_2.jpg
Hi SM,

Can you attached the image to your message rather than copying it into the message body. I can't expand it up to full size and have no idea which TF it is

I need to zoom in so I can see what you are referring to.

Cheers.
  • #4,197
  • Sep 29, 2009 3:59am Sep 29, 2009 3:59am
Quoting SanMiguel
Ok, but on that EURJPY chart I had, point D looks very similar to point B so shouldn't it qualify as an entry?
A few periods before the Ts crosses back over the Ks, price actually bounced off the Ks and closed below the Ts indicating a sell?

http://www.sidekicker.net/Ichi/EURJPY_20090928_2.jpg
Were you looking for a long trade? You have a bullish TsKs, so if you were looking for a short then no....

Also looking at the 30 min. you were bullish with the TsKs at the time you might have taken this...
The 15min was not below the Kumo..

So all said there was not a strong setup....
Attitude can reflect outcome in life and trading!
  • #4,198
  • Sep 29, 2009 4:03am Sep 29, 2009 4:03am
Quoting krmo
Were you looking for a long trade? You have a bullish TsKs, so if you were looking for a short then no....
No, just before the Ts crosses the Ks price has bounced off the Ks and closed below the Ts exactly the same as at point A, B, and C making D a valid signal for a short. Of course, a few periods later we get the bullish cross.

Quoting 4xAddict
Hi SM,

Can you attached the image to your message rather than copying it into the message body. I can't expand it up to full size and have no idea which TF it is

I need to zoom in so I can see what you are referring to.

Cheers.
Can't unfortunately but if you press CTL and + on your browser it might zoom in for you - or view zoom. This is the 1hr chart.
  • #4,199
  • Sep 29, 2009 4:07am Sep 29, 2009 4:07am
Quoting SanMiguel
No, just before the Ts crosses the Ks price has bounced off the Ks and closed below the Ts exactly the same as at point A, B, and C making D a valid signal for a short. Of course, a few periods later we get the bullish cross.



Can't unfortunately but if you press CTL and + on your browser it might zoom in for you - or view zoom. This is the 1hr chart.
Look at the 30 min. you were bullish with the TsKs at the time you might have taken this...
The 15min was not below the Kumo..
Attitude can reflect outcome in life and trading!
  • #4,200
  • Sep 29, 2009 4:09am Sep 29, 2009 4:09am
Quoting SanMiguel
No, just before the Ts crosses the Ks price has bounced off the Ks and closed below the Ts exactly the same as at point A, B, and C making D a valid signal for a short. Of course, a few periods later we get the bullish cross.



Can't unfortunately but if you press CTL and + on your browser it might zoom in for you - or view zoom. This is the 1hr chart.
SM,

Can you go into the chat room. We're starting to fill up the thread.

http://www.chatzy.com/366889644961

I need to know the candle time and date so that I can replicate this situation on my own MT4 and then post the chart properly.

cheers.
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