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Ichimoku forever

  • #4,821
  • Oct 8, 2009 10:56pm Oct 8, 2009 10:56pm
Quoting sinner-
I would like to call today:

Buy the dips on A/J day!

That's right folks, see a down bar? Buy it!

Hi Sinner,

You are a true legend!! Are you able to elaborate further on the analysis behind this call? I would very much like to learn from you. Thanks.
  • #4,822
  • Oct 8, 2009 11:20pm Oct 8, 2009 11:20pm
Quoting pulsescan72
hello all.


I have been quite busy incorporating ICHI into my system so I've spent the last few weeks completing this enourmous task. I am happy to say that the system works perfectly!!!! I only trade off of weekly and daily charts exclusively I do not look at intra-day charts. I don't look at 4hr, 1hr, 30min etc etc. I mainly ONLY enter, exit and place stops based soley on the daily chart. ICHI is "All That"! I really appreciate all of the sharing and input.


lets keep piling on the pips.

Hi Pulsescan72

I am also very interested in using only the daily and weekly charts for long term trading. Do you mind sharing your strategies for Entry and Exit for such a high TF? It is not often that we see the KS & TS cross in the daily charts as most of the pairs have been trending for a while now. How do you re-enter into a trade in such a scenario where the price action no longer close to the TS and KS?

Would appreciate any help you can provide. Thanks.
  • #4,823
  • Oct 8, 2009 11:48pm Oct 8, 2009 11:48pm
Quoting Trade2FI
Hi Sinner,

You are a true legend!! Are you able to elaborate further on the analysis behind this call? I would very much like to learn from you. Thanks.
Analysis? Mate I can smell the "irrational exuberance" from here, what analysis

There was an analysis: it is called, buy on up days and sell on down days
  • #4,824
  • Oct 8, 2009 11:55pm Oct 8, 2009 11:55pm
Quoting philipo
Hello kelvin. I have been following your comment. Your setup is very interesting. I have been trying to see how I can set my order with ichi and expect it to be filled.

Please can you give me some graphical examples of your trades involving orders you set and they were filled. This particular one you presented, I could not really get where you entered and exited.

Thanks in anticipation.
Hi philipo,

Setting orders is easier than you think. Just think of flat lines of the ichimoku(mainly daily chart or higher) as key areas of support/resistance. Then ascertain the main trend and trade with it only. Set a reasonable stop/loss of a nearby flat line (could be in the past, too). Set a reasonable target the same way. Chikou span peaks make good support/resistance targets if you can't think of any.

I don't have time to spoon feed with examples, just try it on a demo, you will get better; good luck, man.

Quoting red01
Hi Kevin,

Nice to know you are also using higher time frames. I also use higher time frames usually 4h, sometimes 1h. I agree that daily and weekly should always be considered when entering any trade. I hate the noise of lower of time frames. I also use a 100 to 150 SL.

Goodluck!
Hey red,

Sounds like you've got a sound plan. The beauty of the ichimoku is it allows flexibility. Thanks for speaking up, and feel free to contribute in the future.

Best of luck
  • #4,825
  • Oct 8, 2009 11:59pm Oct 8, 2009 11:59pm
Quoting sinner-
Analysis? Mate I can smell the "irrational exuberance" from here, what analysis

There was an analysis: it is called, buy on up days and sell on down days

I guess this is what they call 'experience'.
A newbie like me could never tell if it is going to be an up or down day!!
  • #4,826
  • Oct 9, 2009 12:02am Oct 9, 2009 12:02am
Quoting Trade2FI
I guess this is what they call 'experience'.
A newbie like me could never tell if it is going to be an up or down day!!
Look at your daily chart more often.
  • #4,827
  • Oct 9, 2009 12:08am Oct 9, 2009 12:08am
Hi guys,

I want to give you an example of trading expectancy which a wise man once told me.

For the years 2007-2008 the SPI futures contract (a futures contract for the ASX 200 index) this contract went up by approximately 1000 points.

The main trading hours for the SPI is when the Sydney Futures Exchange is open, from 8-4 Sydney time I believe.

Despite this 1000 points, and an essentially uninterrupted bull trend, if you had gone long at 8am every morning and closed out at 4pm every day Sydney time for 1 year youre entire yearly profit would be SIX POINTS.
  • #4,828
  • Oct 9, 2009 2:24am Oct 9, 2009 2:24am
hello friends

i am working on a multi time frame ichimoku myself since a few ....months.

i will post when ready but its not yet ok.

3 questions pls

1/ for the side of the kumo cloud : bullish or bearish what is the values you are taking for span A and B ?

is it the forward value 26 period ahead ****or**** the spot value just at the last bar ?

2/ i am working on a congestion data

i monitor how many span are inside each other
fo example i work with 4 time frame
max congestion value is 6 minimum is zero

congestion 6 means all span are inside each other 30m inside 4h inside daily inside weekly !

what do u think about it ? ...normally afther that a big move is suppose to happen !

3/ i am working on a row trading

if i have 4 time frame weekly daily 4h 30 m
i buy when market all red
all 4 kumo red
and 30m is row -3 compare to weekly
and take profit when 30m is row -1 just under weekly ....etc

its a long time frame trading!

what u think about it any comments suggestion please ? :nerd:

*** bravo *** for all the info about ichimoku

lerecidiviste
BROKENGLISH
  • #4,829
  • Oct 9, 2009 12:48pm Oct 9, 2009 12:48pm
Anyone seen Vic!?!
  • #4,830
  • Oct 9, 2009 2:56pm Oct 9, 2009 2:56pm
Quoting kharvell
Hi philipo,

Setting orders is easier than you think....
.

Thanks man. The information you had given here is quite straight forward. I will do exactly what you have explained
  • #4,831
  • Oct 9, 2009 3:37pm Oct 9, 2009 3:37pm
Hi Everyone,

Hope you had a good week.

Apologies for the lack of G/Y reporting. I am in Shanghai on business and have not had the time to get this sorted for you.

Will be back on the 15th of Oct so there will be a daily report again as of the 16th of Oct.

F.Y.I - Vic is in the midst of a project at the moment so he is flat out. Hoping to see him back in form on Monday.

Enjoy your weekends!

Cheers.
  • #4,832
  • Oct 9, 2009 3:50pm Oct 9, 2009 3:50pm
Quoting 4xAddict
Hi Everyone,

Hope you had a good week.

Apologies for the lack of G/Y reporting. I am in Shanghai on business and have not had the time to get this sorted for you.

Will be back on the 15th of Oct so there will be a daily report again as of the 16th of Oct.

F.Y.I - Vic is in the midst of a project at the moment so he is flat out. Hoping to see him back in form on Monday.

Enjoy your weekends!

Cheers.
Have a nice time out there on Business.......... have been learning other forex stuff this week, but keeping an eye on Ichi.

Take it easy
  • #4,833
  • Edited 9:31pm Oct 9, 2009 9:00pm | Edited 9:31pm
Quoting sinner-
Possibly. There is no G/U sellers today at 1.6 it seems, and U/J is trying to hold above 88. If no G/U sellers show up at FO/LO then she should go up to 1.613-23 zone. Who knows about U/J, she can't go up until gold comes off it seems, which might just keep dragging G/J down.

I am trading GBP/CHF at the moment, U/J is making my JPY cross trades more difficult. For good trading on a cross both component pairs need to be moving.
Just been taking a look at GBP/ JPY. On the daily chart the two daily pin bars are real divergent with RSI. On the 15 min we had two of Vics strong buy signals over the past 48 hours and now we could be seeing Vic's strong buy signal possibly about to be posted on the 1h ( Just need a cross up to complete). There are pin bars all over the 5min, the 10 min charts which could give price the required lift up through the 200EMA on the 1h chart. And U/J looks like it could be heading up in tandem with gold loosing it's head of steam. Going to be interesting to see how it all plays out Monday.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Spot FX (mini) GBP_JPY (-).png Size: 30 KB
Click to Enlarge Name: Spot FX daily (mini) GBP_JPY (-).png Size: 29 KB
  • #4,834
  • Oct 9, 2009 9:19pm Oct 9, 2009 9:19pm
Be careful because the main trend is bearish. As long as the 1H is bullish you are allowed to take buy signals but only very strong ones that are on 5 and 15M charts(Just like you pointed out 2 good ones on the 15M chart). That's the way I'd trade this pair for now. Good luck.

Quoting Joe GX
Just been taking a look at GBP/ JPY. On the daily chart the two daily pin bars are real divergent with RSI. On the 15 min we had two of Vics strong buy signals over the past 48 hours and now we could be seeing Vic's strong buy signal possibly about to be posted on the 1h ( Just need a cross up to complete). There are pin bars all over the 5min, the 10 min charts which could give price the required lift up through the 200EMA. And U/J looks like it could be heading up in tandem with gold loosing it's head of steam. Going to be interesting to see how...
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  • #4,835
  • Oct 9, 2009 11:34pm Oct 9, 2009 11:34pm
Quoting antonioforex
Be careful because the main trend is bearish. As long as the 1H is bullish you are allowed to take buy signals but only very strong ones that are on 5 and 15M charts(Just like you pointed out 2 good ones on the 15M chart). That's the way I'd trade this pair for now. Good luck.
Good advice - What are people thinking about Gold - Anybody ready to call short this week. The strong pin bar rejection of 1060 on the 4h could be pretty significant.
  • #4,836
  • Oct 10, 2009 3:21am Oct 10, 2009 3:21am
Quoting Joe GX
Good advice - What are people thinking about Gold - Anybody ready to call short this week. The strong pin bar rejection of 1060 on the 4h could be pretty significant.
Hi Joe,

Maybe not immediately on market open next week however I am definitely not going to be the last one buying into this story.

The G/Y is seeing support off the yen weakening there is little doubt however the GBP is as weak as ever seeing where the G/U and E/G ended the week and any slight continuation in USD weakness will drop it on its head.

Large analysts are starting to call for a meaningful correction with greater regularity each week with latest being BoA and HSBC.

Then there are others like Credit Suisse who are more open about saying they have no idea what is going to occur saying they expect a correction and also for the S&P to potentially hit 1100 by the end of 2009.

Sitting here in my office window in Shanghai I can tell you that Shanghainese shoppers are not all carrying bags which is a strong indicator that retail sales are not booming. There is however buildings going up everywhere and major road works showing both the speed and effectiveness of communist stimulus policy in conjunction with their desire to have everything finished for the Shanghai Expo next year.

This means that lots of migrant workers from out west are all getting paid however they send their money home to their families in the countryside to buy essentials for the year. These guys aren't in BMW, Gome or Best Buy stumping up the dough for LCD TVs.

Bottom line is, there may be another 10% in the market before it corrects however I am not sure at present that the risk:reward play in being long a market that is running out of steam out weighs the potential to miss the downside?

If you are a scalper go for whatever but if you trade longer TFs, look for new sell entries.

Cheers.
  • #4,837
  • Edited 6:38am Oct 10, 2009 5:32am | Edited 6:38am
Quoting 4xAddict
Hi Joe,

Maybe not immediately on market open next week however I am definitely not going to be the last one buying into this story.

The G/Y is seeing support off the yen weakening there is little doubt however the GBP is as weak as ever seeing where the G/U and E/G ended the week and any slight continuation in USD weakness will drop it on its head.

Large analysts are starting to call for a meaningful correction with greater regularity each week with latest being BoA and HSBC.

Then there are others like Credit Suisse who are more open about...

Hi 4xAddict

I get your drift. So a break down of 140 on the G/J - where would that go to? I guess the next support down but I wonder where to after that? Over in Aus talking about the economy as a whole we are told by the Government that things are pretty good and that overall we hear that the world as a whole is recovering but it's still a little delicate. With equity markets the general consensus is there may be another correction (down) but most commentators I hear are talking about it being 10% tops. The SPI is heading towards 5000. Most commentators in the media are saying that definitely the worst is behind us and you might as well pump money into shares!! You obviously think it (correction) could be much bigger. Do currency market movements tend to pre-empt equity market movements I wonder? I've only been following markets with close interest now for six months so no expert here just an interested speculator. Last October the currency moves seemd to coincide with equity market collapse but at the moment we have the situation where equities are booming and currencies other than the AUD are all tanking. Is the down turn in the G/J, E/J & U/J a sign of a bigger crash to come? Are not consumers in Europe, America and Asia beginning to go and spend? If there are plenty of cranes on the sky line and building is solid - won't that feed into the local markets in China or is it just completely divorced from the man on the street. I can't work it out!! Over here Superfunds Banks and the government would have us believe that everything is rosy rosy rosy but as I've said previously I'm not so sure. My post on the G/J was never meant to read "Buy the open on Monday" but more if a strong signal is posted then I would look to buy strong signals within that move should it be up. Just seemd that if we are looking at a change in direction with Gold coming off a little, The US and Euro seeming to find a little support as well as Stirling then maybe a turn is on the cards. The market never moves in one direction without a breather and the G/J and the U/J & E/J just on the size of the move down all look like they need to take breath.
I guess my main question is if equity markets now correct where will currencies go? and is the current down move of currencies just a precursor to larger falls and if this is the case and Governments and Banks are aware of this why do they keep talking things up and are not being more circumspect ie Australia putting up interest rates would seem on the face of it foolish and premature. Think I need to read more foreign news papers or blogs. Things seem too positive here compared with your assessments.
Also if equities do correct again then all those doomsayers who keep talking about a super gold spike - maybe they will be correct after all. And i've just always thought they were nutters - you know those web sites and emails that tell you gold is going to hit somewhere between 1500 and 5000 depending on how rabid they are.
  • #4,838
  • Oct 10, 2009 6:52am Oct 10, 2009 6:52am
Quoting Joe GX
Hi 4xAddict

I get your drift. So a break down of 140 on the G/J - where would that go to? I guess the next support down but I wonder where to after that? Over in Aus talking about the economy as a whole we are told by the Government that things are pretty good and that overall we hear that the world as a whole is recovering but it's still a little delicate. With equity markets the general consensus is there may be another correction (down) but most commentators I hear are talking about it being 10% tops. The SPI is heading towards 5000. Most...

Hi 4x
Think I can answer my own question, Just stuck some dates on the U/J daily chart - August 07 was first big equity correction and the U/J had started to fall from end of June 07. Then in January 08 there was another down turn and the U/J had been falling the entire month preceding. Then in October 08 we had the big one and on that occasion the U/J had been falling since August. And now we find ourselves with the USD having fallen since August this year also so on that basis alone we are due any minute for a big correction - Thanks 4x for making me think a bit.
  • #4,839
  • Oct 10, 2009 9:39am Oct 10, 2009 9:39am
the site seems not being updated. I tried to register but alway got error message. Can anyone have a copy and share with me?

I am new to this thread. It is a wonderful system. Will follow along this thread.

Quoting calderone
I don't know if you guys picked up on this but there is a video you need to watch that will help you with this system. It is free.

http://www.eiicapital.com/webinar/fr...imok101_2.html

It has a lot of good info and is a must for us.



Good luck all!
  • #4,840
  • Edited 3:45pm Oct 11, 2009 3:14pm | Edited 3:45pm
Hello Guys
sorry I was away the last week, Bloody work is consuming all my time, this week I’ll be off and will be in the thread like 24 hrs daily , I’d like to welcome the new faces in the thread, I see that more experts started to contribute and this is very nice, I have checked the posts I missed and seems it is now the time to move with this thread another step.
Most of you now are very aware about Ichimoku and how to use it especially on high TFs and S/R game, during the last couple of weeks myself also started to test the S/R game using Ichimoku, Sinner has opened my eyes to the divergence candle method + Bill Williams Chaos, I have applied them on Ichimoku and the result was great. I have explained everything in the PDF file attached in here and will start providing new examples.

@Sinner, thanks you mate for your great mind and for all of your advises which helped me and everyone in here

@Kharvell, nice to see you around, seems that great minds started to gather together

@everyone, thank you guys for everything , your great minds helped me a lot I think you will see this in the new strategy .


Wishing you all a nice week
Vic
Attached File(s)
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