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Ichimoku forever

  • #4,381
  • Oct 1, 2009 7:24am Oct 1, 2009 7:24am
Quoting philipo
hi vic and others.

Pls check out the chf/jpy 1 hr chart. A setup is unfolding for a short any moment from now. 4hrs & daily charts are bulish. What do you think?

But the time you get this it must have taken place

I Dont think Ive made too much of a mistake with my entry on the CHFJPY. Its just retracraced but is head south again now. I was in at 84.26.

Great signals from all time frames except the Kumo is flat, so I think I just stay in until it hits S1 at 86.06..... 20 pips is better than nothing !
  • #4,382
  • Oct 1, 2009 7:25am Oct 1, 2009 7:25am
Bull:
Thanks; precise, just the facts.
Appreciate your hard work to determine the relevant facts.
Steve
  • #4,383
  • Oct 1, 2009 7:29am Oct 1, 2009 7:29am
Discipline. Discipline. Discipline. What can I do to get this into my head. Took trades during the US session, and took a bit of a beating, then took a trade during the Asian, and owned it. I find it hard to stay away from the market. It draws me in like a snake to a forbidden apple tree lol

Anyway, all I wanted to say, directed mostly to new traders, is be disciplined. If one session is working for you, stick with it, and branch out to other times of day slowly. Ichi is very powerful and something to be used over a long time. Take your time. The money will come but not over night. The market pays those who are patient and disciplined. Unfortunately I'm a slow learner and have lost money to understand this.

I hope that if you're new you head the warnings and take your time. Write out the criteria and follow them. You'll be rewarded in the long run.

FkFx
  • #4,384
  • Oct 1, 2009 7:38am Oct 1, 2009 7:38am
Hi everyone,

heading into the chatroom now to discuss the CHF/JPY situation.

Cheers.
  • #4,385
  • Oct 1, 2009 7:43am Oct 1, 2009 7:43am
Following on the 4 Hr. Chart we can saw:

Price below Kumo and Kijun sen, clear bearish moment.
Kumo Future also bearish;
Chikou Span below price curve

All show us a clear Bearish Trend
Attached Image (click to enlarge)
Click to Enlarge Name: chfjpyh4.gif Size: 31 KB
  • #4,386
  • Edited 7:56am Oct 1, 2009 7:55am | Edited 7:56am
Quoting ab1
I Dont think Ive made too much of a mistake with my entry on the CHFJPY. Its just retracraced but is head south again now. I was in at 84.26.

Great signals from all time frames except the Kumo is flat, so I think I just stay in until it hits S1 at 86.06..... 20 pips is better than nothing !
Hi Ab1,

This trade definitely has all the right indicators pointing it in the downward direction.

My primary concern is the shape of the kumos across numerous TFs being so flat on top and also very thin which suggests the market is a bit undecided what to do next.

With the SNB selling CHF yesterday to deflate it against the EUR and now the ECB coming out today and saying they don't like a high valued EUR either the market is stuck in a holding pattern.

Take care in this one

Cheers.
  • #4,387
  • Oct 1, 2009 9:45am Oct 1, 2009 9:45am
Quoting 4xAddict
Hi Ab1,

This trade definitely has all the right indicators pointing it in the downward direction.

My primary concern is the shape of the kumos across numerous TFs being so flat on top and also very thin which suggests the market is a bit undecided what to do next.

With the SNB selling CHF yesterday to deflate it against the EUR and now the ECB coming out today and saying they don't like a high valued EUR either the market is stuck in a holding pattern.

Take care in this one

Cheers.
Hey hows it going !

I realised my mistake after I was in with regard the flat Kumo. But stayed in because the indicator was giving me all the right signal bearish and all the TF's lined up too. Looking at S/R I figured if priced would make it down to yesterdays low and MS2. But so far its failed to get below that so I bailed with 27 pips. Better than nothing !

Looking at it right now and of course its flown past MS2....anyone got a crystal ball please !
Attached Image (click to enlarge)
Click to Enlarge Name: chfjpy m5.gif Size: 32 KB
  • #4,388
  • Oct 1, 2009 9:52am Oct 1, 2009 9:52am
Im going to watch this one and might re-enter on th M1 pull back, lets see if it bounces off MS2
  • #4,389
  • Edited 1:19pm Oct 1, 2009 10:51am | Edited 1:19pm
i'm out of this trade with vic's famouse +50 pips daily
when you analyze all of time frame , it's also possible to trade against daily sentiment.

Attached Image (click to enlarge)
Click to Enlarge Name: tviae9whagsqjijjpv2.gif Size: 30 KB

  • #4,390
  • Oct 1, 2009 11:03am Oct 1, 2009 11:03am
Quoting ab1
Im going to watch this one and might re-enter on th M1 pull back, lets see if it bounces off MS2
Hi Ab1,

Look you took your money and had clear targets for TPs so your trade had good merit to it.

My only concern was on entry, the real entry signal was two candles later when it held below the TS but you were in and trusted your research which is why you are up today.
  • #4,391
  • Oct 1, 2009 11:36am Oct 1, 2009 11:36am
Quoting SanMiguel
This is a situation that comes up often. The actual cross here on EURJPY is in the kumo here so we're not looking to sell short yet but it looks like it might be a while until it retests the Ts if at all. So, do we wait for a retest and then look for 5min entries? The cloud is pretty thin though but it has passed support from the previous few days. However, the 5min chart has had a perfect run down for over 100pips with a few possible add to positions as well.
Hey Sm , where did u get ichi signal with ADR ?
  • #4,392
  • Oct 1, 2009 11:39am Oct 1, 2009 11:39am
Quoting Iskander
Hey Sm , where did u get ichi signal with ADR ?
It's my own programmed indicator, not quite finished yet but it does fine for me for alerts and no need to scroll through the charts as it's live information. I need to work on it a bit more though. I didn't realise there was an Ichi signal when I designed this otherwise I probably wouldn't have done
  • #4,393
  • Oct 1, 2009 11:45am Oct 1, 2009 11:45am
Quoting SanMiguel
It's my own programmed indicator, not quite finished yet but it does fine for me for alerts and no need to scroll through the charts as it's live information. I need to work on it a bit more though. I didn't realise there was an Ichi signal when I designed this otherwise I probably wouldn't have done
Thats cool ! Please post it here once ur finished sounds very helpful .
  • #4,394
  • Oct 1, 2009 11:56am Oct 1, 2009 11:56am
Quoting 4xAddict
Hi Ab1,

Look you took your money and had clear targets for TPs so your trade had good merit to it.

My only concern was on entry, the real entry signal was two candles later when it held below the TS but you were in and trusted your research which is why you are up today.
Well Ive learnt again from you, I never considered that price needed to close below the TS to confirm the continuation of the down trend.....Ill mark that down and use it on future trades.

And no I didnt re-enter, resisted for once ! Im learning ....
  • #4,395
  • Oct 1, 2009 12:13pm Oct 1, 2009 12:13pm
Hey Guys Heads Up
Could be about to get another sell entry on the AUD/USD 3m
  • #4,396
  • Oct 1, 2009 12:14pm Oct 1, 2009 12:14pm
Quoting oromek
you are completly right, everytime when i see good setup i always find something against looking throught higher timeframes, and i'm always unsure even if i still training ichi on demo. But i hope confidence will come with experience.
regards
Lol, same here eveytime there is a 1hr cross, it seems the kumo future is flat indicating a retrace. I must be missing a vital piece of information to initiate a trade because my understanding is that if the kumo future is flat then we shouldn't trade?
  • #4,397
  • Oct 1, 2009 12:18pm Oct 1, 2009 12:18pm
Quoting ab1
Well Ive learnt again from you, I never considered that price needed to close below the TS to confirm the continuation of the down trend.....Ill mark that down and use it on future trades.

And no I didnt re-enter, resisted for once ! Im learning ....
Hi mate,

you are doing great

it's very clear that your understanding of the ichi system has and is growing rapidly.

keep up the great work. by posting your ideas and throwing it out there you learn the fastest way possible.

Cheers!
  • #4,398
  • Oct 1, 2009 12:24pm Oct 1, 2009 12:24pm
Hey guys

I am back from work, Just been catching up on the thread, It looks like there was no clear trades today either?

Ichi is a very patient game, But im sure its been 2 weeks without a clear trade?!?
  • #4,399
  • Oct 1, 2009 12:28pm Oct 1, 2009 12:28pm
Quoting ichidakiller
Hey guys

I am back from work, Just been catching up on the thread, It looks like there was no clear trades today either?

Ichi is a very patient game, But im sure its been 2 weeks without a clear trade?!?
Hey

Been a few trades today, how many pairs do you monitor ?

Also do any of you guys actually trade full time for a living.......lol..
  • #4,400
  • Oct 1, 2009 12:31pm Oct 1, 2009 12:31pm
Quoting ab1
Hey

Been a few trades today, how many pairs do you monitor ?

Also do any of you guys actually trade full time for a living.......lol..
How many were official full setups?
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