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Ichimoku forever

  • #4,201
  • Sep 29, 2009 4:16am Sep 29, 2009 4:16am
Quoting krmo
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..
So, was point B yet that was a sell on Friday I believe.

Quoting 4xAddict
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.
Yes, sorry.
  • #4,202
  • Sep 29, 2009 4:24am Sep 29, 2009 4:24am
Giny: Great trading..........again.
4xAddict & other warriers.....great teamwork.

Thought I should cheer as you teach me more.

Steve
  • #4,203
  • Sep 29, 2009 5:10am Sep 29, 2009 5:10am
Strong Signal in 5m.

http://www.novinupload.com/images/ey...0iod0180oo.gif
  • #4,204
  • Sep 29, 2009 5:30am Sep 29, 2009 5:30am
Quoting stevewide
Giny: Great trading..........again.
4xAddict & other warriers.....great teamwork.

Thought I should cheer as you teach me more.

Steve
No problems Steve, glad you are with us and enjoying it.
  • #4,205
  • Sep 29, 2009 5:30am Sep 29, 2009 5:30am
4x , take a look please
Attached Image(s) (click to enlarge)
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  • #4,206
  • Sep 29, 2009 5:48am Sep 29, 2009 5:48am
Hi All

I need a bit help about entry, Hope its ok for a newbee to this thread.

This morning on cable TF 5M I saw TS cros below KS, but it was a weak cross because it happen above the KUMO. So its a no go.

Then price went threw kumo and made a huge move down. So now I can start to look for an valid signal to go short. I look for price retrace back above TS maybee all the way up to KS or Kumo. After that retracement I look for price to cross TS again for giving me a entry.

When that cross happen I look at 15M timeframe to see how that look. Is TS below KS is price below Kumo is Cspan below price line. If that ok we give a go from m timeframe.

Then I go to 1H to look how that looks.
If TS is below KS and price is below Kumo and Cspan is below priceline I give it a go and pull the trigger. Is that correct.?? when I look for short term trade from 5M timeframe.

In this case 5M looks ok, 15M looks ok, but 1Hour looks bad- Ts above KS and Cspan messing around in the price action. So that would be a no go trade.

I was aware of the news coming so I would never pull the trigger just misn before news. And looking in hindsight that was A great decission.

But its more how I analyse I want your help with.

Look at my picture below and see where I would have pulled the trigger if all analusing was giving me a go and no high impact news right away.

I hope some of this give meaning to you and excuse my English.

regards

Peter
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  • #4,207
  • Sep 29, 2009 5:54am Sep 29, 2009 5:54am
Quoting krmo
Could you ask your question again please....
OK ) I just want to know how read rigth the signals of indicator "Ichimoku Signal v2"
We can see this indicator at other ppl ))) each use it.
  • #4,208
  • Sep 29, 2009 6:01am Sep 29, 2009 6:01am
Quoting Iskander
4x , take a look please
Sorry for my post, I see your trade, and want to tell you, why u sell on the low? I think the better will be wait the pullback to UP, and look for sell-position on the HIGH SWING LEVEl!
It's clear with out Ichimoku system.
Try to draw trendline and u can see, where your mistake.
  • #4,209
  • Sep 29, 2009 6:06am Sep 29, 2009 6:06am
Quoting fxairy
Sorry for my post, I see your trade, and want to tell you, why u sell on the low? I think the better will be wait the pullback to UP, and look for sell-position on the HIGH SWING LEVEl!
It's clear with out Ichimoku system.
Try to draw trendline and u can see, where your mistake.
Thanks , ive already figured out my mistakes on that particular trade
  • #4,210
  • Sep 29, 2009 6:08am Sep 29, 2009 6:08am
2 Iskander Also, u try sell on the Week resistance, PPZ (Pivote Price Zone)
I think, that Ichimoku System mean use pullbacks
For example for buy, Cross TsxKs -> wait pullback, when Ts or Ks will be resistance, and go long. May be when Ks will be resistance it's better then Ts, becouse Ks have larger period. And of course , how I understand if we can find candle pattern, good pattern, it's will be good trade
What do u think ?


Cheers
  • #4,211
  • Sep 29, 2009 6:23am Sep 29, 2009 6:23am
Quoting fratelli
Hi All

I need a bit help about entry, Hope its ok for a newbee to this thread.

This morning on cable TF 5M I saw TS cros below KS, but it was a weak cross because it happen above the KUMO. So its a no go.

Then price went threw kumo and made a huge move down. So now I can start to look for an valid signal to go short. I look for price retrace back above TS maybee all the way up to KS or Kumo. After that retracement I look for price to cross TS again for giving me a entry.

When that cross happen I look at 15M timeframe to see how that...
Hi Peter,

Good to see you back again!

Normally we will look at trades from the long TF first and then down to the shortest TF's to provide an entry signal.

When we start with the longer time frames first this allows us to find the longer term trend (daily), confirm that trend has support (4hr) wait for the 1hr chart TS/KS to cross in the direction that we want and at this time we then look at the 5min and 15 min charts to see where there is an entry signal.

This saves us a lot of time because you can quickly see on the D,4h,1h charts if it is looking ready for a trade. If not then you can have a coffee or do something else for a while.

Once they have lined up and are ready then we sit patiently waiting in front of the 5 min or 15 min chart waiting for an entry signal.

Does that make sense?

Cheers.
  • #4,212
  • Sep 29, 2009 6:29am Sep 29, 2009 6:29am
This is an example of waiting for the price action to retest the TS and then close back below the TS to provide a sell entry on the 5 min chart.

***NOTE for anyone reading this that was not in the chat room conversation, this is live NOT a trade entry signal - it is an example********

Cheers.
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  • #4,213
  • Sep 29, 2009 6:39am Sep 29, 2009 6:39am
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 San Miguel,

I just read your post, let me tell you some comments.

You're right I trade last Friday based on these hourly chart, using 5m as an entry chart.

As you described on your picture, Point A it's the Cross, the first one and the valid cross; if you use these chart for entry, the next candle after the cross at point A was you entry point, and you hold the position until the price break the Kijun sen plus a little buffer, these occurred a candle before the point D.

If you use this strategy for exit, when the price bounce the Ks at point B & C you don't close the trade, you hold it and take the maximum profit.

Now, after point D, you must to take a look of the Chikou Span, at these moment (like now) it's above the Price Curve, and Ts don't cross again the Ks, then you don't have a valid signal there to sell.

Also in points B & C you don't a a cross, the only that you've it's the price bouncing the Ks. Sometimes, at these points it's a very good point to add a position following our main trade (point A), but this is an advanced technique.

I hope that my answer can help you, please if you've any question don't hesitate to ask.

Bull
  • #4,214
  • Sep 29, 2009 6:59am Sep 29, 2009 6:59am
He everybody,

Here you've the Daily Report for EURJPY

The big picture show us a clear bearish moment, but we must to wait for a clear signal on hourly....
Attached File(s)
File Type: pdf Daily0929.pdf   114 KB | 405 downloads
  • #4,215
  • Sep 29, 2009 7:29am Sep 29, 2009 7:29am
God bless the Asian session New rules for me, not going to trade before 11am from now on. Made all by 8 pips back from a brutal butt kicking yesterday Will keep an eye on things to see how they're developing, but until all the craziness of the news passes, I'm just a spectator.
I'll post if I see any potential entries GL today all
  • #4,216
  • Sep 29, 2009 7:36am Sep 29, 2009 7:36am
It is well worth the time to read and copy 4xaddicts comments in chat. Its very clear what he teaches us to do.

Link:
http://www.chatzy.com/366889644961
  • #4,217
  • Sep 29, 2009 7:46am Sep 29, 2009 7:46am
Hi everyone,

G/Y Daily report is attached.

We are currently retracing from last weeks brutal sell off and looking for a new entry to sell short again.

Some of you may choose to play the see-saw game trying to pull a few pips out here and there as it makes its way up however I am going to sit with my feet up and watch a couple of other pairs while this consolidates.

Cheers.
  • #4,218
  • Sep 29, 2009 7:47am Sep 29, 2009 7:47am
Hi again

Yes your comment make some sence, but I am still a bit confused.

Lets look at EURUSD.

Dayli is up but price is below TS and price moved down now for several days.
4Hour has give weak downsignal and now price is below kumo so I concider this for short.
1hour strong down signal.

And looking at 15M chart I would take a trade short on the close of that candle with the vertical line look below.

I know that KS on dayli sit at 1.4511 so I know that around this level price can start go up again, but anyway I think it would be a great trade because I rerach my 30 pip profit level.

so to sum it up if 4H and hour agree in short and 5 or 15 mins give signal to go short can we take it even that trend on Dayli is up but price is below TS line.

Hope it make sence to you.

Peter
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  • #4,219
  • Edited 8:35am Sep 29, 2009 8:11am | Edited 8:35am
Hi Peter,

yes this makes sense. we normally try to make longer term trades which is why I refer to the daily chart.

that said, if you are only looking for 30 pips then you should be fine.

There looks like a short opportunity building on the 5 min chart at the moment. When the next 5min candle closes back below the kumo we may see a bearish TS/KS cross and the price action will drop back down again.

I would use that for the entry signal and then place your SL on top of the 5 min kumo (approx 30 pips away).

Cheers.

Quoting fratelli
Hi again

Yes your comment make some sence, but I am still a bit confused.

Lets look at EURUSD.

Dayli is up but price is below TS and price moved down now for several days.
4Hour has give weak downsignal and now price is below kumo so I concider this for short.
1hour strong down signal.

And looking at 15M chart I would take a trade short on the close of that candle with the vertical line look below.

I know that KS on dayli sit at 1.4511 so I know that around this level price can start go up again, but anyway I think it would be a...
  • #4,220
  • Sep 29, 2009 9:16am Sep 29, 2009 9:16am
It is always hard to sit and wait for trades to develope but this is what you have to learn...is to sit on your hands until a great trade sets up for you.

Too many new warriors I am reading are so itchy to trade and this will lead to nothing but a depleted account.

Try to trade a daily chart for the next couple on months...then if you are successful at making money...then move to a 4hr and trade that for a few months.

Ichi is a patient trading style and must be used with discipline and money management.

Just trying to help you see the bigger picture.
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