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Ichimoku forever

  • #4,641
  • Oct 6, 2009 1:28am Oct 6, 2009 1:28am
Quoting kharvell
Hello everyone,

I am back from a loooong absence at Forex Factory....
Hey Kevin welcome back

Your thread was the first thing I read about itchi, which led me to this great thread, Thanks for starting my interest in this great indicator.

I would love to know if you still use Itchi and how it is effecting your trades, also how you personally use it, still finding success?

Hope your well
  • #4,642
  • Edited 1:42am Oct 6, 2009 1:36am | Edited 1:42am
Quoting ichidakiller
Hey Kevin welcome back

Your thread was the first thing I read about itchi, which led me to this great thread, Thanks for starting my interest in this great indicator.

I would love to know if you still use Itchi and how it is effecting your trades, also how you personally use it, still finding success?

Hope your well
Hi ichidakiller,

Thanks for the welcome back; glad my time was of good use to some.

Primarily, I use the Ichimoku on the Daily time frame. It is the only indicator I use. Trust me when I tell you I have tried a lot; it works best for me. Everyone is different though, so everyone likes different things.

Example: Long EUR/USD due to bounce off of long red flat support lines. Aim targets for blue flat bumps acting as potential resistance. Stopped out initially, never give up.

EDIT: I should add that all other signs point to bull (Cloud green, chikou above price, tenkan-kijun cross bull). Picking the right trades can be huge. Also, some people forget chikou span peaks and valleys make good support/resistance levels. Good luck
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  • #4,643
  • Edited 2:04am Oct 6, 2009 1:52am | Edited 2:04am
Quoting ;3118929
Originally Posted by sinner- http://cdn.forexfactory.com/images/buttons/viewpost.gif
vic I am really thinking another rule should be added to the "strong sell signal" set of rules.

1. TS/KS cross
2. Price below kumo
3. Chikou span outside the price curve
4. Senkou A must be over Senkou B
-------------------------------------------------------------------------------------------------------------------
Originally...
I believe this question about the best signal is answered Here by Vic back in Post 26 page 2 where he talks about trading in the direction of the Kumo Twist, as well as posts the following attached chart.

Hello Samer

Regarding the signal, I use only the full complete strong signal , this means that this means for a long trade i go when the price is above the cloud (Kumo crossed+ cloud break out ) and then i wait till senken + Kijun cross on the direction of the trend ,also SPAN will be above the price curve , all the charts i provided contain this strong signal and the pic here shows it also .

My entry point will be always after senken kijun cross

regrding the next week i said at the start of the week i'll not look for a long position as long as the price is under the cloud ( it is confirmed in all the TFs ) if the price pops up the cloud i'll look for a long position

feel free to ask about anything
wishing you luck Vic elc

Am I correct Vic? Because this is what I have been looking for. - fxScavenger
Attached Image
fxScavenger Arrogance is just Ignorance misspelled. abso-PIPn-lutely
  • #4,644
  • Oct 6, 2009 2:00am Oct 6, 2009 2:00am
Bingo fxScavenger. vic has already mentioned this, but since it is not included in the "list" on the first post thought I would remind him.
  • #4,645
  • Oct 6, 2009 2:05am Oct 6, 2009 2:05am
Quoting kharvell
Hi ichidakiller,

Thanks for the welcome back; glad my time was of good use to some.

Primarily, I use the Ichimoku on the Daily time frame. It is the only indicator I use. Trust me when I tell you I have tried a lot; it works best for me. Everyone is different though, so everyone likes different things.

Example: Long EUR/USD due to bounce off of long red flat support lines. Aim targets for blue flat bumps acting as potential resistance. Stopped out initially, never give up.

EDIT: I should add that all other signs point to bull (Cloud green,...
Hi Kevin.
Welcome back. I hope you continue to contribute here. Some may not realise how much knowledge you bring with you. If I remember correctly you stopped posting due to starting college. how did it go?
Andy
  • #4,646
  • Oct 6, 2009 2:09am Oct 6, 2009 2:09am
Quoting sinner-
Looks like we had a rate rise. I demand naked 4xAddict!

drwasho, I use IG markets and don't trust them any further than I can throw them. But which other broker lets you run leveraged shorts against London house prices and long against Corn in the same breath? Spreads aren't too bad (although definitely not variable like MT4 brokers during liquid periods they can still narrow down a little) but it works both ways. During London open my spread will be 3 or 2 on G/U whereas on my Go account it will be 0.5 or something, but right before the news...

Hi Sinner

I use IG as well. Do you use their charting package or another?

thanks mate appreciate any advice
  • #4,647
  • Oct 6, 2009 2:16am Oct 6, 2009 2:16am
Quoting sinner-
Bingo fxScavenger. vic has already mentioned this, but since it is not included in the "list" on the first post thought I would remind him.
Hey Sinner,

Good Idea, and review doesn't hurt at all, you had me going there for a minute though, I thought maybe I had misunderstood Vics post 26.

How's the program going, getting any time to work on it?

Did you get your home internet connection up and running yet?
fxScavenger Arrogance is just Ignorance misspelled. abso-PIPn-lutely
  • #4,648
  • Oct 6, 2009 2:38am Oct 6, 2009 2:38am
I use both the IG charting package and MT4 depending entirely on the system. I have several MT4 demos depending on the system too. For example, I use IBFX solely for VSA.

No internet at home yet, no work done on the EA yet. Been busy, but thanks for reminding me I totally forgot.
  • #4,649
  • Oct 6, 2009 3:59am Oct 6, 2009 3:59am
Quoting sinner-
I use both the IG charting package and MT4 depending entirely on the system. I have several MT4 demos depending on the system too. For example, I use IBFX solely for VSA.

No internet at home yet, no work done on the EA yet. Been busy, but thanks for reminding me I totally forgot.
How'd you go with that E/G trade? - looked like a bumpy ride. I notice it just moved down to the previous 1 hour cross and then took off like a rocket again. I set my stop loss down there but lost my nerve and exited earlier today.
  • #4,650
  • Oct 6, 2009 4:00am Oct 6, 2009 4:00am
aUSTRALIAN BANKS ARE A LICENSE TO PRINT MONEY........


Our government here will never let the big 4 go under as they underpinned all of them during the economic crisis of last year, vouching for there security if they run in to trouble. As much as governments and central banks like to pull levers, our banks are virtually indestructible.

Regardless of the stimulus, be very wary because no one knows the outcome
of the next 6 months, no economy is 100% per cent safe. And no system is without flaws including ichi. Our economy is directly linked to the chinese, and europe is a basket case at the moment and so is the USA which very nearly missed catostrophic consequences last year.


Do not put all ur eggs in one basket ladies and gentlemen.

Hope Rip's foot is a lot better Sinner


Simon
  • #4,651
  • Oct 6, 2009 4:10am Oct 6, 2009 4:10am
Simply i lv ichi+ trust= generosity reward
  • #4,652
  • Oct 6, 2009 5:47am Oct 6, 2009 5:47am
51 pips overnight for Ucad 30m ts/ks cross short.

Note expert's comments on Post#4586 about caution shorting into the consolidation when I entered this trade.

My TP was set to the 4h double bottom and a previous chikou point shown in 2nd chart. I could have gotten much more but was conservative since I went to bed and couldn't manage it manually.

Steve
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  • #4,653
  • Oct 6, 2009 5:58am Oct 6, 2009 5:58am
Quoting stevewide
51 pips overnight for Ucad 30m ts/ks cross short.

Note expert's comments on Post#4586 about caution shorting into the consolidation when I entered this trade.

My TP was set to the 4h double bottom and a previous chikou point shown in 2nd chart. I could have gotten much more but was conservative since I went to bed and couldn't manage it manually.

Steve
Good job man , i see u prefer short term intraday trading ?
  • #4,654
  • Oct 6, 2009 6:20am Oct 6, 2009 6:20am
Quoting Iskander
Good job man , i see u prefer short term intraday trading ?
Still learning how to trade ichi; I prefer holding longer but thought since I left it by itself while sleeping placed a conservative target.

Please offer any suggestions how this trade could have been managed better at approximately 2:00 GMT, or 9pm EST when I went to bed.

Thanks for your help,

Steve
  • #4,655
  • Oct 6, 2009 7:32am Oct 6, 2009 7:32am
sold gold at 1029...close to historical high.... gonna hold till im green or bankrupt
  • #4,656
  • Oct 6, 2009 8:10am Oct 6, 2009 8:10am
Quoting $maker
sold gold at 1029...close to historical high.... gonna hold till im green or bankrupt
What's your exit strategy at this stage?
Thank you Crucial Point, Bleek, Trizzle, Darkstar
  • #4,657
  • Oct 6, 2009 8:17am Oct 6, 2009 8:17am
hi kevin, i noticed that your settings for ichi is 7,22,44 , can i ask why do you use this settings?

Quoting kharvell
Hi ichidakiller,

Thanks for the welcome back; glad my time was of good use to some.

Primarily, I use the Ichimoku on the Daily time frame....
  • #4,658
  • Oct 6, 2009 8:38am Oct 6, 2009 8:38am
Quoting andypips
Hi Kevin.
Welcome back. I hope you continue to contribute here. Some may not realise how much knowledge you bring with you. If I remember correctly you stopped posting due to starting college. how did it go?
Andy
Hello Andy,

College has been good, thanks for asking; I am taking the slow and steady path, enjoying life while I am young. I've been on several backpacking and rock climbing adventures, as this is truly my passion. College-wise, I'm studying to become a psychologist/counselor; would really like to help people get better.

I remember talking with you a while back, hope you are equally well, and having good luck with forex.

Take care man,

Kevin
  • #4,659
  • Oct 6, 2009 8:56am Oct 6, 2009 8:56am
BTW, I received my copy of:

Trend Following: How Great Traders Make Millions in Up or Down Marketshttp://pics.ebaystatic.com/aw/pics/s.gif
(Hardcover, 2005)

Author: Michael Covel


awesome reading;

bought it cheap here: http://product.half.ebay.com/Trend-F...oQQprZ47030374

Makes you realize how ichi is the way..........

S
  • #4,660
  • Oct 6, 2009 9:25am Oct 6, 2009 9:25am
Post 4652 shows my Ucad trade I won with pride. Glad to wake up to 51 pips. Pleased...

However, I traded into the toughest part of the support setting my tp close to its bottom when I went to bed last night. 15m Chart shows the red line where I exited and the other 100 pips afterwards so far.

Question: How to you become a wise man and go to bed last night with knowledge that its going to break that support? Could it be easily determined then or would it just be wild speculation?

Just trust Ichi isn't too bad of an answer because there were day, 30m and lower perfect entry signals in progress when I went to bed and I recall being in 30 pips profit at that time (around 9pm EST). However, I have been depending on the 1h to be my overall guide when trading lower TF's and it had a weak signal short.
Thanks for your help warriers,

Steve
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