Dislikednot sure if i can post these 2 questioons here
chinkou cross price line = meaning what ?
kijun cross price line = meaning what ?Ignored
regards.
- #4,522
- Oct 3, 2009 7:48am Oct 3, 2009 7:48am
Dudes - I have a pointless question
Is it Chinkou or Chikou - Metatrader says Chinkou with an N and most sites say this as well.
- #4,529
- Oct 3, 2009 11:12pm Oct 3, 2009 11:12pm
File under the "obsessing too much?" category......
So, I'm driving down the highway yesterday and I see this oddly shaped cloud ahead with a flat bottom that kind of tapered down on the right side into a pinch, with a bit of a color change. I couldn't help but wonder if we might be seeing a small reversal and may be in for a little rain.
Thank you Crucial Point, Bleek, Trizzle, Darkstar
Haha thats hilarious but so true. For the last week or so I've been having weird dreams about Ichimoku and also have been analyzing day to day activities with Forex indicators. It is hard to explain but I bet most of you in some way or another connected Forex with your day to day activities. OK, enough for now. Gotta go analyze my charts and be ready for the moves.
Have you checked on a higher time frame?
{Promotion Removed}
Hi Giny,
Here is The IchimokouWiki.pdf that goes into using the C-Span as S & R.
It was posted early in the thread.Have you read the thread? I like your premise though.
The IchimokuWiki is awesome
. I read it again this weekend, particularly the section which talks about using the C-Span as S & R.I am glad to say I have read the thread and been involved since before 100 pages so congratulations to everyone on 300, particularly Vic for starting and 'maintaining' such an awesome thread.
fxScavenger, I wasn't using the C-Span for my entries before, but after seeing your chart and going over the IchimokuWiki again, I think there is definitely justification to use the C-Span S & R in conjunction with daily and weekly lines of equilibrium (TS & KS) to define good entry points for trades of high expectancy (as Sinner put it so aptly).
I will continue to work on defining my method for using S/R to enter trends at pullbacks. In reality, my method will be a slightly altered version of the strategies mentioned in the IchimokuWiki, so it shouldn't be too hard to put together. I will post some charts once I have something that is more concrete and I would then appreciate your opinion and input as you seem to be a knowledgable trader.
Cheers,
Giny
You say "equilibrium is support in a trend" this is wrong, support is support in a trend. When the two zones converge, you are talking about high expectancy trade (as I already said twice), you can even just use S/R without equilibrium but you cannot use equilibrium without S/R (unless you don't care about the outcome).
Using horizontal lines from Chinkou span has been explained a hundred times in this thread already. I am surprised you are willing to put so much work into your concept without even understanding the lines on your chart.
Let...
As always, it is abundandtly clear that you are infinitely more knowledgable than I when it comes to trading and trading methods. I just wanted to ask your opinion on what you said about points of equilibrium not being support. This seems to contradict the IchimokuWiki when it discusses the Kijun Sen:
"Price equilibrium is expressed even more accurately in the kijun sen than in the tenkan sen, given the longer
period of time it considers. Thus, the kijun sen can be relied upon as a significant level of price
support and resistance"
However, I completely agree with you that S/R plus Equilibrium will give you a trade of high expectancy. I am working the use of the C-Span for S & R into my trading strategy 
.
I hope you have had a great weekend. There's nothing more I enjoy than constructive discussions, and I appreciate the fact that you speak your mind as I am sure you appreciate that I ask a question when something is not clear to me .
To the newbies reading this thread, read over the IchimokuWiki a few times before asking a question as you will find most of your answers in there. If you do not find your answer, then feel free to ask anything as there are many experienced traders in here who are very generous with sharing their wisdom 
.
Here is to a week of many green pips!
Giny
- #4,536
- Oct 4, 2009 12:46pm Oct 4, 2009 12:46pm
Chinkou is a typo that someone in the past commited and included it in the metatrader indicator, and people kept perpetuating that error over and over since then. most of the articles about ichimoku have it correctly spelled, "Chikou", especially the main references on this subject: ichimokuwiki and Nicole Elliott's book.
- #4,537
- Oct 4, 2009 4:20pm Oct 4, 2009 4:20pm
- Joined Apr 2009 | Status: RETIRED | 1,947 Posts
Yes Chikou or Chinkou I always forget, thanks for clarify lbtrader
Yes I had a good weekend thanks for asking Giny
I am E/J short and G/U long this morning (non Ichi signals).
Yes I had a good weekend thanks for asking Giny
I am E/J short and G/U long this morning (non Ichi signals).
- #4,539
- Oct 4, 2009 6:18pm Oct 4, 2009 6:18pm
- | Commercial User | Joined Sep 2008 | 2,498 Posts
Hey guys,
I'm back from my hiatus... was very busy at work and couldn't be as active as I once was.
Anything exciting happen while I was away?
God bless,
Doc
welcome back mate , i was facing the same last week , my bloody job is taking my time again
cheers
