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Ichimoku forever

  • #5,121
  • Oct 15, 2009 9:32am Oct 15, 2009 9:32am
Quoting vic_elc
using the 2.5% rule i go
40% USD JPY
40% GBP USD
20% EUR GBP

2.5% <<<<<<< only nothing more
hi Vic, 2.5% means sigle trade won't not risk more than 2.5% equtity, right?

but if you open 3 trades, what about the total risk? it all stop out, what percentage of your capital would lose? And can you explain a little more about your 4:4:2 allocation?
  • #5,122
  • Oct 15, 2009 9:37am Oct 15, 2009 9:37am
Quoting vic_elc
Are we getting ready for the rest of the day or what ??!!!

hi Vic, what broker are you use, and do you have Sunday bar, what time zone your mt4 server located? Just to better understand your diagram. May open demo account on your broker to follow your chart
  • #5,123
  • Oct 15, 2009 9:43am Oct 15, 2009 9:43am
set a sell limit at G/U and Buy limit at E/G. i saw that one too. just need a confirmation from the masters. thanks vic.
  • #5,124
  • Oct 15, 2009 10:00am Oct 15, 2009 10:00am
Quoting henryloving
hi Vic, 2.5% means sigle trade won't not risk more than 2.5% equtity, right?

but if you open 3 trades, what about the total risk? it all stop out, what percentage of your capital would lose? And can you explain a little more about your 4:4:2 allocation?
Hello Henry

2.5% means total positions don't exceed it.
i don't have sunday bars on my chart , my chart is +1 GMT, u can demo with alpari

have a nice day
  • #5,125
  • Oct 15, 2009 10:20am Oct 15, 2009 10:20am
Quoting vic_elc
Hello Henry

2.5% means total positions don't exceed it.
i don't have sunday bars on my chart , my chart is +1 GMT, u can demo with alpari

have a nice day
Hi Vic,

Nice to see you in the forum during US session. Usually, you are working during this time. Today I have a time off. That's why, trying to see what's going on with any Ichi setup?

Are you getting any Ichi setup this morning?

Thanks,
Apufx
  • #5,126
  • Oct 15, 2009 10:25am Oct 15, 2009 10:25am
Vic,

what are your views on the GBPUSD at the moment. I am using 15min as guidence and 5 min as entry.
  • #5,127
  • Oct 15, 2009 10:40am Oct 15, 2009 10:40am
Guys i have posted my review
http://www.forexfactory.com/showpost...postcount=5119


please check the previous pages for the latest trades and updates
have a nice week
  • #5,128
  • Oct 15, 2009 12:19pm Oct 15, 2009 12:19pm
Ok guys Im a bit confused I really hope someone can help me

I see some of Vics trades he posted earlier go against the trend.

I understand the divergence candles, but I understood they are just another signal with the trend just like the Ks Ts cross.

Are we just trading Divergence candles whenever they appear and using Itchi as nearest support and resistance?

I cant seem to find anywhere explaining trading against the trend Itchi is telling us?!?
  • #5,129
  • Oct 15, 2009 12:33pm Oct 15, 2009 12:33pm
Quoting ichidakiller
Ok guys Im a bit confused I really hope someone can help me

I see some of Vics trades he posted earlier go against the trend.

I understand the divergence candles, but I understood they are just another signal with the trend just like the Ks Ts cross.

Are we just trading Divergence candles whenever they appear and using Itchi as nearest support and resistance?

I cant seem to find anywhere explaining trading against the trend Itchi is telling us?!?
I am confused too. Its becoming complicated. I think I will just stick to the divergence that occurs in favor of the trend.
  • #5,130
  • Edited 2:01pm Oct 15, 2009 12:49pm | Edited 2:01pm
Quoting vic_elc
Guys i have posted my review
http://www.forexfactory.com/showpost...postcount=5119


please check the previous pages for the latest trades and updates
have a nice week
.

Hello vic, Ichikiller and others online. Check this out. Relation to 1hr chart divergence candle. What do you think?
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  • #5,131
  • Oct 15, 2009 1:05pm Oct 15, 2009 1:05pm
Quoting ichidakiller
Ok guys Im a bit confused I really hope someone can help me

I see some of Vics trades he posted earlier go against the trend.

I understand the divergence candles, but I understood they are just another signal with the trend just like the Ks Ts cross.

Are we just trading Divergence candles whenever they appear and using Itchi as nearest support and resistance?

I cant seem to find anywhere explaining trading against the trend Itchi is telling us?!?
You can do what you want.
If you want conservative trades then trade divergence candles only in the direction of the main trend or use them to add to an existing position.
If you know the pair you are trading and know it's S/R points, then use divergence candles to trade with or countertrend.
  • #5,132
  • Oct 15, 2009 1:20pm Oct 15, 2009 1:20pm
Quoting SanMiguel
You can do what you want.
If you want conservative trades then trade divergence candles only in the direction of the main trend or use them to add to an existing position.
If you know the pair you are trading and know it's S/R points, then use divergence candles to trade with or countertrend.
So essentially using divergence for retraces back to support or bounce from resistance, before carrying on the trend

I think I get it now

Thanks
  • #5,133
  • Oct 15, 2009 1:31pm Oct 15, 2009 1:31pm
Yes I think so too. Trading against the trend is risky and sooner or later will bite you in the ass.

Quoting ichidakiller
So essentially using divergence for retraces back to support or bounce from resistance, before carrying on the trend

I think I get it now

Thanks
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  • #5,134
  • Oct 15, 2009 1:43pm Oct 15, 2009 1:43pm
Hi Philipo,

I see that you have an indicator for fractals on your chart, can you please help me with it?

Thanks.

Quoting philipo
.

Hell vic. Check this out. Relation to your 1hr divergence candle. What do you think?
  • #5,135
  • Oct 15, 2009 2:00pm Oct 15, 2009 2:00pm
Quoting antonioforex
Yes I think so too. Trading against the trend is risky and sooner or later will bite you in the ass.
Hi All,

I think before becoming a master of trading, we (new users of Ichi) need to stay with the main trend without thinking about divergence trading. As you know the div.trade sometimes does not work because you are trading against the main trend.

The div. trade may work if you take most of your trades using one-time frame based on some kinds of MA crossover.

Anyway, I am not contemplating GBPUSD short trade yet because I closed my long position from last night.

That's my 2 cents.

Cheers to all Ichi's
  • #5,136
  • Oct 15, 2009 2:30pm Oct 15, 2009 2:30pm
Hi All,

Thanks for sharing this great divergence method. I understand the concepts of this style of trading but I am also somewhat confused on the trend direction. When taking divergence trends on the 1 hour chart, do we need trend confirmation from the 4 hour and Daily or just 4 hour charts?

Are there any set rules or is this just a personal preference i.e maybe more aggressive style just agreement on 4 hour and for more conservative "safe" entries, trend agreement on both 4 hour and Daily?

I also have a question with regard to stops. When in a trade, do you guys adjust your stop just according to the last fractal that appears in the direction of your trade of do you trail your stops on the 1 hour and if so, by how much? Or do you just use KS line to adjust your stop as the trade progresses?

Many thanks and I look forward to your comments,

Alkis
  • #5,137
  • Oct 15, 2009 2:44pm Oct 15, 2009 2:44pm
Kelvin I entered a trade on EURUSD when it bounced of the recent flat Ks and Ts

Is this per your rules?
  • #5,138
  • Oct 15, 2009 6:40pm Oct 15, 2009 6:40pm
Hey guys,

Pretty sure I have swine flu, so I shall not be posting for a little while til I feel better.

Good Luck,

Kevin

PS Ichida sounds like a good trade from my limited time on the chart
  • #5,139
  • Oct 15, 2009 6:43pm Oct 15, 2009 6:43pm
USD JPY... 30 pips so far TP is 91.33
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  • #5,140
  • Oct 15, 2009 7:55pm Oct 15, 2009 7:55pm
hi
try to make it easier for you, so u trade with more confidence . go always with the daily trend and 4 h and fine tune ur entry with m15 , this is safe .
being above the kumo or having a cross on daily this show u the trend , same for 4 h , price above the kumo or a cross confirm the trend on 4 h , than u go to look for m15 and u enter ur trade .
as for divergence i beleive after u are good in ichi the safe way u try divergence on demo .
if u have more questions ask. u will be answered
regards

Quoting ukcool
Vic,

what are your views on the GBPUSD at the moment. I am using 15min as guidence and 5 min as entry.
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