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Ichimoku forever

  • #4,741
  • Oct 7, 2009 8:57am Oct 7, 2009 8:57am
Here you go.

Quoting Iskander
Hi , what indicator do u use for those pivot points ?
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  • #4,742
  • Oct 7, 2009 9:05am Oct 7, 2009 9:05am
Quoting lbtrader
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.
Hey man , CSTLB looks very promising , im practising it on different currencies at the moment , I would very much appreciate if u could post more examples , especially with live developing trades . Keep up the good work
  • #4,743
  • Oct 7, 2009 9:05am Oct 7, 2009 9:05am
Quoting antonioforex
Here you go.
Thanks man
  • #4,744
  • Oct 7, 2009 9:39am Oct 7, 2009 9:39am
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
I took a GBPJPY one as well, cloud exit, bounce from CS resistance. After 40 pips, I started trailing the KS but was stopped out by the spike, which is a bit annoying given where it has moved to now. A larger buffer might have helped me.
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  • #4,745
  • Oct 7, 2009 9:39am Oct 7, 2009 9:39am
Quoting Iskander
Hey man , CSTLB looks very promising , im practising it on different currencies at the moment , I would very much appreciate if u could post more examples , especially with live developing trades . Keep up the good work
Hi Iskander,
start from page 299 and onwards, you'll find many examples I have posted including an NFP live trade.
  • #4,746
  • Oct 7, 2009 9:40am Oct 7, 2009 9:40am
Quoting SanMiguel
I took a GBPJPY one as well, cloud exit, bounce from CS resistance. After 40 pips, I started trailing the KS but was stopped out by the spike, which is a bit annoying given where it has moved to now. A larger buffer might have helped me.
well done SM, you're getting the hang of it, keep it up.
  • #4,747
  • Oct 7, 2009 9:47am Oct 7, 2009 9:47am
Quoting lbtrader
well done SM, you're getting the hang of it, keep it up.
If you're away from the computer would you trail by anything? With a 4hr trade, trailing by the Ks...it's not going to go very fast and in this instance got me stopped out but I think my buffer was too small for the GJ - I only had a 25pip buffer above the KS.
  • #4,748
  • Oct 7, 2009 9:57am Oct 7, 2009 9:57am
Quoting SanMiguel
If you're away from the computer would you trail by anything? With a 4hr trade, trailing by the Ks...it's not going to go very fast and in this instance got me stopped out but I think my buffer was too small for the GJ - I only had a 25pip buffer above the KS.
I'm affraid I've been there mate, and each time I upped my SL I get a higher spike to stop me out. I think if you are on a 4H TF, it's unlikely that you will have a serious change in trend on a regular day before you had the chance to spot it, so I would use the kumo, but man what's the problem, you already bagged your pips, be happy and wait for a re-entry or a countertrend (not to try before you master the re-entries), there's always one around the corner.
  • #4,749
  • Oct 7, 2009 10:07am Oct 7, 2009 10:07am
Quoting lbtrader
Hi Iskander,
start from page 299 and onwards, you'll find many examples I have posted including an NFP live trade.
Is this something that ur doing ?
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  • #4,750
  • Oct 7, 2009 10:14am Oct 7, 2009 10:14am
Quoting Iskander
Is this something that ur doing ?
absolutely, you can use every single formation in the book and play it (wedges, ascending, descending triangles, H&S, ....).
  • #4,751
  • Oct 7, 2009 10:23am Oct 7, 2009 10:23am
Quoting lbtrader
absolutely, you can use every single formation in the book and play it (wedges, ascending, descending triangles, H&S, ....).
Just hit my tp on support 1
Looks like a very interesting method , i have a question regarding SL though , where do u place ur stops in such cases ?
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  • #4,752
  • Edited 10:40am Oct 7, 2009 10:27am | Edited 10:40am
Quoting Iskander
Just hit my tp on support 1
Looks like a very interesting method , i have a question regarding SL though , where do u place ur stops in such cases ?
well done, and as I mentioned, I use the kumo mostly, but if I am not attending the trade like leaving it overnight, I use a constant like 20-30 pips trailing stop. if you entered this trade at the break then I will use the previous swing high, but in this case my first TP would be the KS, then when it develops into a kumo bearish breakout I would use the kumo as SL and let it run.
  • #4,753
  • Oct 7, 2009 10:49am Oct 7, 2009 10:49am
Quoting lbtrader
well done, and as I mentioned, I use the kumo mostly, but if I am not attending the trade like leaving it overnight, I use a constant like 20-30 pips trailing stop. if you entered this trade at the break then I will use the previous swing high, but in this case my first TP would be the KS, then when it develops into a kumo bearish breakout I would use the kumo as SL and let it run.
Got it , thanks . Do u trade following major trend , or u take countertrend trades too ? Because such entry could easily develop into longterm trade , if everything goes well of course
  • #4,754
  • Edited 11:13am Oct 7, 2009 10:59am | Edited 11:13am
Quoting Iskander
Got it , thanks . Do u trade following major trend , or u take countertrend trades too ? Because such entry could easily develop into longterm trade , if everything goes well of course
my first entry would be with the trend starting with the strong TS/KS cross, if that doesn't happen then I look for a kumo breakout, then a KS cross then a CS cross or a kumo twist, but as the trend ends, there comes the countertrend and here comes the CSTLB into play big time, by first exiting my position and preparing for the countertrend entry. I have posted a few examples of countertrend, especially the exhaustion entry a page back. my first TP in this case would be the nearest of the three,(TS,KS or Kumo).
  • #4,755
  • Oct 7, 2009 11:17am Oct 7, 2009 11:17am
Quoting kharvell
Just wanted to explain my long E/U bias.

Chart #2 - 3 hour

 

  1. Price breaks out of Kumo which is green in the future (bullish)
  2. Good place to enter long is at previous long flat kumo lines and/or recent flat Kijun-sen (red, indicates support)
  3. These flat lines are considered discount prices for a good trade; i.e. you are entering with the trend at a better price.


Good luck

I know no body here trades quite the way I do, but just in case there's someone who does not want to sit around their computer all day:

Following up here with another 3-hour chart. Set an order at recent Kijun-sen flat lines and flat Kumo lines in the past. Was in long previously and am now red on it, but ichimoku tells me I am still in the trend, so I just added to my position at a better deal as price moved against me.

If price breaks below 1.4643 (Tuesday's Low), I am wrong, and it may go down.
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  • #4,756
  • Edited 12:06pm Oct 7, 2009 11:31am | Edited 12:06pm
Quoting kharvell
I know no body here trades quite the way I do, but just in case there's someone who does not want to sit around their computer all day:

Following up here with another 3-hour chart. Set an order at recent Kijun-sen flat lines and flat Kumo lines in the past. Was in long previously and am now red on it, but ichimoku tells me I am still in the trend, so I just added to my position at a better deal as price moved against me.

If price breaks below 1.4643 (Tuesday's Low), I am wrong, and it may go down.
Hi kevin,
using your settings, I think I would not have entered long before the chikou span cleared the flat kumo. and using the CSTLB that would be between 1.4695 and 1.4705. you also have to overcome the TS line although it is not a very strong resistance.
now using ichimoku with the standard settings, that is another story, the H1 TF is showing weak bearish TS/KS cross that has entered the kumo, and the H4 looks like the end of a weak bullish TS/KS cross that has retraced into the kumo now and heading towards a flat KS, so in both cases no trade.
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  • #4,757
  • Oct 7, 2009 12:32pm Oct 7, 2009 12:32pm
Quoting Iskander
Just hit my tp on support 1
Looks like a very interesting method , i have a question regarding SL though , where do u place ur stops in such cases ?
I think be careful placing a sell above the kumo even though there is a TL breakout, not sure where you entered in this case. Once it crosses through the kumo and the CS crossed price (& CS exited cloud with), that would have been a good place...well a safe place.

http://cdn.forexfactory.com/attachme...1&d=1254928977
  • #4,758
  • Oct 7, 2009 12:45pm Oct 7, 2009 12:45pm
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.
Hello lbtrader, what do you mean by vic's strong signal strategy?
  • #4,759
  • Oct 7, 2009 1:03pm Oct 7, 2009 1:03pm
Quoting Thierry89
Hello lbtrader, what do you mean by vic's strong signal strategy?
page 1 of this thread.
  • #4,760
  • Oct 7, 2009 1:11pm Oct 7, 2009 1:11pm
Quoting SanMiguel
I think be careful placing a sell above the kumo even though there is a TL breakout, not sure where you entered in this case. Once it crosses through the kumo and the CS crossed price (& CS exited cloud with), that would have been a good place...well a safe place.

http://cdn.forexfactory.com/attachme...1&d=1254928977
I agree , i think I sold after doji candle close below kumo , i was just testing this method , I also think that kumo doest act as strong on 1min chart as on higher timeframes , but its true that it is a lot safer to be on the right side of the kumo , especially when they all line up with higher TF . Also do u guys us CSTLB , as a confirmation after TsKs cross ?
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