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Ichimoku forever

  • #4,421
  • Oct 1, 2009 3:46pm Oct 1, 2009 3:46pm
Quoting vic_elc
Hey Panhandler
welcome back , if you check my last post you will see an example of the Cs crossing , this is a famous strategy using Ichi, do you like more examples ??!!

cheers
Hey Vic, thanks for the welcome lol. I mean when the future kumo crosses from bearish sentiment to bullish. For example, the red vert line on the left shows a senkou span cross, and the red vert line on the right shows the corresponding entry (-26periods). It is has confirmation of bearish TsKs and it spent a few days below the kumo.
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Live From Los Angeles
  • #4,422
  • Oct 1, 2009 3:51pm Oct 1, 2009 3:51pm
Quoting vic_elc
I've been watching ichimoku daily for the last couple of years , i think you can use each single line as an entry and the others as stop, it is fantastic what these lines do, some people work only on the Cs breaking the Price Curve or the kumo and use the Kumo as a stop, i think any one of us can make his own strategy using Ichi, but i love the complete picture cause it is the sum of all the other strategies, ONE RING TO RULE THEM ALL lol.
enjoy live with ichimoku
Why the entry at the 1st circle?
The 2nd one I understand because it breaks the kumo.
  • #4,423
  • Oct 1, 2009 3:52pm Oct 1, 2009 3:52pm
Quoting panhandler
Hey Vic, thanks for the welcome lol. I mean when the future kumo crosses from bearish sentiment to bullish. For example, the red vert line on the left shows a senkou span cross, and the red vert line on the right shows the corresponding entry (-26periods). It is has confirmation of bearish TsKs and it spent a few days below the kumo.
this is the same as Kumo breakout , same concept , when the Price break out the Kumo there will be a cross in the future kumo , you can use the same examples i posted regarding the Kumo breakout , if it is not clear please let me know

wishing you a green day
  • #4,424
  • Oct 1, 2009 3:54pm Oct 1, 2009 3:54pm
Quoting SanMiguel
Why the entry at the 1st circle?
The 2nd one I understand because it breaks the kumo.
this example shows the Cs breakout to the Price curve as an entry or a break out to the kumo as an entry

is it clear, i can explain more

have a nice day
  • #4,425
  • Oct 1, 2009 3:55pm Oct 1, 2009 3:55pm
Quoting vic_elc
this is the same as Kumo breakout , same concept , when the Price break out the Kumo there will be a cross in the future kumo , you can use the same examples i posted regarding the Kumo breakout , if it is not clear please let me know

wishing you a green day
AHA! I see now lol, thanks Vic
Live From Los Angeles
  • #4,426
  • Oct 1, 2009 4:18pm Oct 1, 2009 4:18pm
EURJPY has a 15min crossover bu the 1hr Ks and future kumo is flat yet again
Is there ever a lower TF cross where the higher TF doesn't indicate retrace?
Maybe I'm not cut out for this short TF trading thing - the 4hr, 1hr, daily Ts crosses seem much simpler
  • #4,427
  • Oct 1, 2009 4:19pm Oct 1, 2009 4:19pm
Hey Vic

Hope you didnt work too hard today.....

Quick question........on the GBPUSD everything seems to be pointing bearish again, a cross is close on M5 and then completes the picture for a possible short, although there is a massive flat top on the Kumo there, so could still be a bit dodgey. However two days ago we had a large downward pin bar on the Daily that to me is a pretty good sign that the price will drop further, just from a price action/candle formation point of view.

But with Ichi being involed in the equation now for me, I would be right in saying that I would want price to break below 1.5769 on the Daily for confirmation of the resuming down trend on this pair ?

I say break below or should it be close below ?

Cheers

ab1
  • #4,428
  • Oct 1, 2009 6:25pm Oct 1, 2009 6:25pm
Quoting ab1
Hey Vic

Hope you didnt work too hard today.....

Quick question........on the GBPUSD everything seems to be pointing bearish again, a cross is close on M5 and then completes the picture for a possible short, although there is a massive flat top on the Kumo there, so could still be a bit dodgey. However two days ago we had a large downward pin bar on the Daily that to me is a pretty good sign that the price will drop further, just from a price action/candle formation point of view.

But with Ichi being involed in the equation now for me, I...
Yeah was wishing he be here to tell his point of view.
For me took short 1.5925
  • #4,429
  • Oct 1, 2009 6:52pm Oct 1, 2009 6:52pm
Is it strong signal sell?
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  • #4,430
  • Oct 1, 2009 7:28pm Oct 1, 2009 7:28pm
Quoting egkid
Yeah was wishing he be here to tell his point of view.
For me took short 1.5925
I'd like to see it retest the 4hr Ks. Got an entry sell at 15936. Thinking Euro session could take it up there before dropping the bomb
  • #4,431
  • Oct 1, 2009 7:31pm Oct 1, 2009 7:31pm
Good MAE everyone,

I have entered a long trade on the eurusd based on S/R.

Entry: 1.4541

Explanation: PA is above the weekly and daily kumo in strong up trend. 4hr KS was broken and the daily KS is the significant level for a pullback. Price has already bounced off it once, entry just above recent bounce level looking to go long towards recent high at 1.4847 and beyond.

Please note: This trade is based on S/R using Ichimoku and does not follow Vic's strong signal method. Also, I am in on this trade with my demo account, if you are live please proceed with caution.
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  • #4,432
  • Oct 1, 2009 7:33pm Oct 1, 2009 7:33pm
It's looking like both pairs are bouncing off their Ks for a second straight day. Is there anything to lead us to believe that the Ks won't hold tonight?
  • #4,433
  • Oct 1, 2009 7:38pm Oct 1, 2009 7:38pm
Quoting ab1
Hey Vic

Hope you didnt work too hard today.....

Quick question........on the GBPUSD everything seems to be pointing bearish again, a cross is close on M5 and then completes the picture for a possible short, although there is a massive flat top on the Kumo there, so could still be a bit dodgey. However two days ago we had a large downward pin bar on the Daily that to me is a pretty good sign that the price will drop further, just from a price action/candle formation point of view.

But with Ichi being involed in the equation now for me, I...
My opinion on the question : going short blindly when Ts/Ks cross occurs on H4 .
  • #4,434
  • Oct 1, 2009 7:40pm Oct 1, 2009 7:40pm
I hope some of you caught this 50 pip move on EUR/JPY 15M. http://img604.imageshack.us/content..../eurjpy15m.jpg


http://img18.imageshack.us/img18/3086/eurjpy15m.jpg http://img18.imageshack.us/img18/eur...jpg/1/w968.png
{Promotion Removed}
  • #4,435
  • Oct 1, 2009 8:06pm Oct 1, 2009 8:06pm
Quoting antonioforex
I hope some of you caught this 50 pip move on EUR/JPY 15M. http://img604.imageshack.us/content..../eurjpy15m.jpg
I caught that too , very nice and easy move .

now i'm waiting to catch the big one----> GBP-USD
  • #4,436
  • Oct 1, 2009 8:10pm Oct 1, 2009 8:10pm
I thought I would put up the eurjpy chart as an example of the power of the weekly KS as a point of resistance and/or support. In this case, the PA flew through the weekly KS and has now bounced off it three times.

The perfect trader could have picked up 436 pips. However, a more realistic profit might have been 346 pips if you took your profit at a 30 pip pullback on each of the moves.

Many green pips for all!
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  • #4,437
  • Oct 1, 2009 11:05pm Oct 1, 2009 11:05pm
Quoting Giny
I thought I would put up the eurjpy chart as an example of the power of the weekly KS as a point of resistance and/or support. In this case, the PA flew through the weekly KS and has now bounced off it three times.

The perfect trader could have picked up 436 pips. However, a more realistic profit might have been 346 pips if you took your profit at a 30 pip pullback on each of the moves.

Many green pips for all!
Giny

I've watched your S/L trades over the past 2 weeks with interest, and I think you're definitely on to something here. Price action does have a tendency to respect these support and resistances, although trading off this method with any consistency is a problem I have at the moment. I haven't done as much work that this aspect of ichi strategy which is why I am still rather cautious about using this and getting faked out on false rebounds.

My question is regarding the calculation of the weekly & daily kijun. On the 1H chart, the setting for the daily K should be 624 (26 x 24) and for the weekly should be 3120 (26 x 24 x 5). Is that right?

Secondly, have you done any work on using daily & weekly tenkans for support & resistance (on the 1H)? I imagine these S/Ls would be weaker, but perhaps good for reentries on highly or fast trending moments.

Cheers,
Chngster
Thank you Crucial Point, Bleek, Trizzle, Darkstar
  • #4,438
  • Oct 1, 2009 11:14pm Oct 1, 2009 11:14pm
Quoting chngster
trading off this method with any consistency is a problem I have at the moment.

Cheers,
Chngster
Because it is gambling.
  • #4,439
  • Oct 2, 2009 12:15am Oct 2, 2009 12:15am
Quoting chngster
Giny

I've watched your S/L trades over the past 2 weeks with interest, and I think you're definitely on to something here. Price action does have a tendency to respect these support and resistances, although trading off this method with any consistency is a problem I have at the moment. I haven't done as much work that this aspect of ichi strategy which is why I am still rather cautious about using this and getting faked out on false rebounds.

My question is regarding the calculation of the weekly & daily kijun. On the 1H chart, the setting...
Hi Chngster,

I am still on a demo account as I have mentioned so I am still testing this strategy as well . The Ichimoku is all about equilibrium in the market and I think there is a lot of potential using the significant S/R areas on the longer TFs of the Ichi to plan entering trends at pullbacks.

As of yet, I haven't altered anything with the Ichimoku indicator. If I want to see the daily KS or weekly KS lines on the shorter TFs, I will manually go to those TFs and draw a horizontal line in at where they are.

I'm sorry but I am not exactly sure what you mean in your second question? I am still putting a strategy together using S/R and at the moment I am focussing on the weekly and daily KS lines as entries and the 4hourly KS line as an entry in certain conditions. I think these are the significant levels to look at. I hope that answers your question, if I've missed the point, then please rephrase and I apologise .

I am not interested in a S/R strategy which allows the user to justify any trade based on a few pretty lines. I think this is the real weakness of using S/R with Ichimoku. Honestly, it is very similar to the way everyone trades Vic's method of strong signal. There is a signal everywhere if you are looking for a reason to enter. However, if you are looking for a strong signal which will give you a high probability of a profit rather than just a trade then we will succeed. That is why Vic's method is brilliant.

I am in the process of writing a method for S/R trading with Ichimoku which focuses again on the strong signals. This is where the potential is.

Sorry to babble, but I am very excited about the S/R method using Ichimoku and about defining a disciplined method of using this method.

Cheers,

Giny
  • #4,440
  • Oct 2, 2009 12:20am Oct 2, 2009 12:20am
Quoting sinner-
Because it is gambling.
Hi Sinner,

My hat goes off to you for your ability to be concise . Everyone in this thread, including myself, has a lot of respect for your opinion so I would like to hear more about what you think of using S/R with Ichimoku?

In my opinion, Ichimoku is all about equilibrium, so finding very significant points of equilibrium in the middle of strong trends has a lot of merit.

I await your response with anticipation .
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