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Ichimoku forever

  • #4,721
  • Oct 7, 2009 2:28am Oct 7, 2009 2:28am
Quoting fxScavenger
Hey Joe.

Yes a bounce off the cloud on the 30m and a bounce off TS on the H1.

If the PA breaks todays high with some mom comitment I might go in.

But I'm waiting to see the euro session open. We have a saying here in California.

What the Asian Session giveth the Euro Session taketh away.

And The asians hve given us a lot since Sunday.
lOOKING GOOD NOW SCAVENGER
Hey Sinner is spot on with the snakes. My daughters always think I'm looking at worms. But Ichy is the beast that tames the worm!
  • #4,722
  • Oct 7, 2009 2:58am Oct 7, 2009 2:58am
Quoting sinner-
I want to go home guys. I will try and think some more about explaining this because am afraid my E/G example might confused you.
Sinner

I've been hyperventilating from your comments over the past 1-2 weeks, the depth of knowledge you've demonstrated has shown how much more ground I've got to cover, esp. your macroeconomic foundation. I need more time!! More than the 2 weeks holiday break I've got at the moment. Keep up the good work.

Chngster
Thank you Crucial Point, Bleek, Trizzle, Darkstar
  • #4,723
  • Oct 7, 2009 3:19am Oct 7, 2009 3:19am
Quoting chngster
Sinner

I've been hyperventilating from your comments over the past 1-2 weeks, the depth of knowledge you've demonstrated has shown how much more ground I've got to cover, esp. your macroeconomic foundation. I need more time!! More than the 2 weeks holiday break I've got at the moment. Keep up the good work.

Chngster
thanks bro. Funny, because my dad is actually a Macroeconomics/Finance/Accounting lecturer and we disagree on everything!

Guys, E/J H4 looking like it's gearing up for a sell on the news. I can't say "short here" but this looks like one of those times where the H4 signal will come from a big spike down.

I have been selling for a couple of days and holding positions at 131.379 and also from during todays Tokyo at 130.667. I would like to see the price move up here to confirm a downmove on the news, but U/J is holding the thing down.
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  • #4,724
  • Oct 7, 2009 3:44am Oct 7, 2009 3:44am
Exit shorts here before the news in 15 minutes.
  • #4,725
  • Oct 7, 2009 3:47am Oct 7, 2009 3:47am
Quoting 4xAddict
Hi Joe,

Sinner is working on some newer mechanical trading systems that he has been developing and they will often present him with countertrend opportunities within the larger trend.

My opinion is that the U/J is in a very clear cut down trend and that the 91.50-92.00 area marks the absolute top of this range.

Unless we see a sustained hold above that level I am inclined to hold a bearish view. If we see a break of 90, because of the psycholigical significance of that round number meaning there is a high likelihood that larger institutional...
Hi 4xAddict
Thanks for the nude run. Nice ass!! I trade loads of pairs. So far none too succesfully. I win some, I loose some and had just about given up on trading completely when I dicovered you guys. Like I said in a previous post this whole ichi thing is just incredible and the breadth & depth of kowledge displayed by Vic, Sinner, yourself, and others is just a complete mind blower.
I would trade G/J mostly cause I reckon it gives us best bang for our buck. My first ever forex trade was G/J 30th march this year just based on S/R and trend lines - I thought I was a genius!! Walked into work 5.00pm Eastern Australia time to polish the floor opened a chart and thought "buy"/ How lucky is that! I didn't realize I had just lucked on to one of the biggest moves this year and I thought 4x was easy. ha ha haa!!!
Really greatful of all the advice you guys are imparting. This thread should be by subscription only!!
  • #4,726
  • Oct 7, 2009 5:29am Oct 7, 2009 5:29am
I have been having some good successes at kumo trading lately and using lbtrader's trendline breaks.
Here is a 4hr GBPCHF trade good for 100 pips: entry when the Ts exits the cloud and price is still close to the kumo, CS crosses down at the same time. I exited on the trendline break but would have thought about holding it but because of the interest rate decision today on GBP, I decided to definitely close.
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  • #4,727
  • Edited 6:15am Oct 7, 2009 5:57am | Edited 6:15am
Quoting 4xAddict
Hi Everyone,

As promised, I am hereby running nude through the thread based on my miscalculated perception that the RBA was intelligent enough to keep interest rates on hold.

I also apolgise for any copyrights infringed by this failed bet.

Please take a moment with me to spare a thought for the Aus consumer, Aus housing market and the ASX in the coming weeks. This cannot bode well.

Otherwise, good luck and green pips to you!

4x.
Hey 4x
Today in the Australian Financial Review the headline tonight was Share market surges, Housing Finance falls and today in my restaurant i served 2 customers - yes the consumer has been STUNG. The RBA is the Grinch that ruined Christmas in Australia 2009 for sure. We shall see how it pans out but i bet this is a flash in the pan and "market data moving forwards" will make them retract this one. Fingures crossed big time.
I have always found my business to be a little canary in the coal mine so to speak and my canary senses tell me there is gas in the mine. Cough Cough.
  • #4,728
  • Edited 6:45am Oct 7, 2009 6:29am | Edited 6:45am
OK so there is no news so what is the huge spike in the USD and Euro all about except to empty a few weak shorts - anybody got info or ideas or is this just the banks and trade houses being arse holes - excuse the french.
Maybe an earthquake just hit Japan. This is enough to put a cloud over anybody's Kumo
  • #4,729
  • Oct 7, 2009 7:12am Oct 7, 2009 7:12am
Quoting SanMiguel
I have been having some good successes at kumo trading lately and using lbtrader's trendline breaks.
Here is a 4hr GBPCHF trade good for 100 pips: entry when the Ts exits the cloud and price is still close to the kumo, CS crosses down at the same time. I exited on the trendline break but would have thought about holding it but because of the interest rate decision today on GBP, I decided to definitely close.
don't worry, if the price continues downward, you know ho to re-enter. you could have played the countertrend move prior to this oneeither from bottom to the KS line or play it as a kijun sen cross to the kumo.
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  • #4,730
  • Oct 7, 2009 7:19am Oct 7, 2009 7:19am
Quoting lbtrader
don't worry, if the price continues downward, you know ho to re-enter. you could have played the countertrend move prior to this oneeither from bottom to the KS line or play it as a kijun sen cross to the kumo.
Do you concentrate on a few pairs doing this? Seems it would be harder keeping track of all the different moves over mutliple pairs.
I guess one problem I could see with the Ks crosses is that sometimes the price will cross the Ks a little bit but then bounce back - you ever have that?
So far I have only taken trades with the trend using kumo breakouts.
Anyway, to re-enter this trade, the current trendline on the CS is running horizontal.
  • #4,731
  • Oct 7, 2009 7:28am Oct 7, 2009 7:28am
Quoting SanMiguel
Do you concentrate on a few pairs doing this? Seems it would be harder keeping track of all the different moves over mutliple pairs.
I guess one problem I could see with the Ks crosses is that sometimes the price will cross the Ks a little bit but then bounce back - you ever have that?
So far I have only taken trades with the trend using kumo breakouts.
Anyway, to re-enter this trade, the current trendline on the CS is running horizontal.
I know, it's crazy how many moves you get from all the pairs, but if you're following the 4H TF then you'll have ample time to check on each and every one of them. the KS cross is like the kumo breakout, needs to fulfill all its criteria to be successful. like with your trade, you had the chikou crossing the price curve, yes, but it also cleared the key resistance clearly shown, so if it did not, your trade would be a bust, if it was a breakout thru a flat bottom, then also it would retrace back before going down if any.
for the re-entry you will need an elevation of the price to form a higher peak so that you can use the last trough, and so on and so forth.
  • #4,732
  • Oct 7, 2009 7:32am Oct 7, 2009 7:32am
Quoting lbtrader
I know, it's crazy how many moves you get from all the pairs, but if you're following the 4H TF then you'll have ample time to check on each and every one of them. the KS cross is like the kumo breakout, needs to fulfill all its criteria to be successful. like with your trade, you had the chikou crossing the price curve, yes, but it also cleared the key resistance clearly shown, so if it did not, your trade would be a bust.
for the re-entry you will need an elevation of the price to form a peak so that you can use the last trough, and so on and...
When you say cleared resistance do you mean where it bounced off in the cloud? That was one of the reasons I took it but didn't see any close support below either.

Can you run flat trendlines or do you always like an angle to it? For example, at present, there are 2 troughs but running flat...

I take some 1hr kumo breakouts as wlel but nothing lower...
  • #4,733
  • Edited 8:56am Oct 7, 2009 7:48am | Edited 8:56am
Quoting SanMiguel
When you say cleared resistance do you mean where it bounced off in the cloud? That was one of the reasons I took it but didn't see any close support below either.

Can you run flat trendlines or do you always like an angle to it? For example, at present, there are 2 troughs but running flat...

I take some 1hr kumo breakouts as wlel but nothing lower...
No I meant the chikou span resistance.
you cannot run flat lines, it has to form an angle, otherwise you will start immagining trendline breaks re-entry is at the break of the new trend line.
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  • #4,734
  • Oct 7, 2009 7:52am Oct 7, 2009 7:52am
Quoting lbtrader
I know, it's crazy how many moves you get from all the pairs, but if you're following the 4H TF then you'll have ample time to check on each and every one of them. the KS cross is like the kumo breakout, needs to fulfill all its criteria to be successful. like with your trade, you had the chikou crossing the price curve, yes, but it also cleared the key resistance clearly shown, so if it did not, your trade would be a bust, if it was a breakout thru a flat bottom, then also it would retrace back before going down if any.
for the re-entry you will...
Hi lbtrader and San,

I think KS cross appears to be powerfull assuming all the other conditions are properly met.

Over the last 2 days I had two trades one for AUD/USD(4hr) and GBP/JPY(4hr). Both trades were successful. I think for aussie I got about 90 and GBP/JPY is close to 200 pips.

Thanks,
Cheers to all Ichis
  • #4,735
  • Edited 8:18am Oct 7, 2009 8:01am | Edited 8:18am
Quoting ApuFx
Hi lbtrader and San,

I think KS cross appears to be powerfull assuming all the other conditions are properly met.

Over the last 2 days I had two trades one for AUD/USD(4hr) and GBP/JPY(4hr). Both trades were successful. I think for aussie I got about 90 and GBP/JPY is close to 200 pips.

Thanks,
Cheers to all Ichis
Apu, all the strategies are powerful provided you stick to the rules and don't try to fit your own into the system. one must have a deep grasp of the significance of all the components and their limitations (hey nothing is perfect).
that's why if you want to use ichimoku for your trading you'll never run out of opportunities for entry and profit. here, I'll throw this chart to illustrate.
How I would play it? I would be using all three entries to add to my position.
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  • #4,736
  • Oct 7, 2009 8:20am Oct 7, 2009 8:20am
Would someone teach us how they scalp the 1m time frame since we are venturing far away from Vic's perfect signal?
Thanks,
Steve
  • #4,737
  • Oct 7, 2009 8:25am Oct 7, 2009 8:25am
Quoting stevewide
Would someone teach us how they scalp the 1m time frame since we are venturing far away from Vic's perfect signal?
Thanks,
Steve
Hi Steve, I don't know if you can call it a scalp, but you can take anywhere between 20 and 100 pips on 1M using vic's strong signal strategy or any other strategy, I think I posted a few charts in the pdf document EJM1CSTLB.pdf a few pages back.
  • #4,738
  • Edited 8:51am Oct 7, 2009 8:34am | Edited 8:51am
Another decent move on a 5M chart. Exit at the touch of the Pivot line.

NOTE: this was a riskier trade because it was against the main trend.

http://img17.imageshack.us/img17/1849/eurgbpm5.jpg

@Stevewide: here is a chart which shows a strong signal for the same trade that I took on a 5M chart. Same thing, I would exit with the help of the pivot.

http://img195.imageshack.us/img195/303/eurgbpm1.jpg
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  • #4,739
  • Oct 7, 2009 8:52am Oct 7, 2009 8:52am
hmm, the cstlb makes sense. tnx.

Quoting lbtrader
Hi Steve, I don't know if you can call it a scalp, but you can take anywhere between 20 and 100 pips on 1M using vic's strong signal strategy or any other strategy, I think I posted a few charts in the pdf document EJM1CSTLB.pdf a few pages back.
  • #4,740
  • Oct 7, 2009 8:54am Oct 7, 2009 8:54am
Quoting antonioforex
Another decent move on a 5M chart. Exit at the touch of the Pivot line.

NOTE: this was a riskier trade because it was against the main trend.

http://img17.imageshack.us/img17/1849/eurgbpm5.jpg

@Stevewide: here is a chart which shows a strong signal for the same trade that I took on a 5M chart. Same thing, I would exit with the help of the pivot.

http://img195.imageshack.us/img195/303/eurgbpm1.jpg
Hi , what indicator do u use for those pivot points ?
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