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Ichimoku forever

  • #5,221
  • Oct 19, 2009 9:50am Oct 19, 2009 9:50am
Hi guys,

I want to just say that the following is of course my opinions only, simply sharing my experience for what it's worth.

Counter-trend trading puts the odds against you. If you are trading from day to day, you must look at your daily ichimoku. Look at this Daily EUR/USD ichimoku and how bullish it is (Chart Below).

What color are most of the candles? GREEN, I count 9 actually negative candles, where price doesn't form a new high, counting after chikou span clears. Which days will you WIN the most??? There are 22 candles with the bull trend. There are more pips and better chances at winning.

Usually your 3(or 4) hour chart tells you when to get out, if it's risky.

Always look at the Daily trend.

Regards,

Kevin
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  • #5,222
  • Oct 19, 2009 9:59am Oct 19, 2009 9:59am
Quoting SanMiguel
Careful with the USD, news is out in 15mins and when Bernanke opens his mouth you don't want to be in the market.
If PA cannot clear 1.64 and hold above it on 1hr/4hr, I am going to short the hell out of it. It has moved well beyond its daily range in the last few days and is due a retrace.
I did not get this trade (long) cos daily PA is not far from kumo from the bottom... shud be short I feel.
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  • #5,223
  • Oct 19, 2009 10:00am Oct 19, 2009 10:00am
Quoting kharvell
Hi guys,

I want to just say that the following is of course my opinions only, simply sharing my experience for what it's worth.

Counter-trend trading puts the odds against you....

I concur with your analysis on this one.
TRUE MARKET PIRATE FOREVER!!! TAKE WHAT YOU CAN AND GIVE NOTHING BACK!
  • #5,224
  • Oct 19, 2009 10:10am Oct 19, 2009 10:10am
Hi everyone. Have been following this site for years but never had the courage to say anything, but i'VE DECIDED TO TAKE THE PLUNGE. Eur/Usd looks like it has topped and will retrace, but all longer time frames are saying long. Wouldn't short but wait for the stronger road up.
  • #5,225
  • Oct 19, 2009 11:59am Oct 19, 2009 11:59am
Does anybody see a double bottom and probably reversal on 4h USCH?
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  • #5,226
  • Oct 19, 2009 12:39pm Oct 19, 2009 12:39pm
Quoting kharvell
Hi guys,

I want to just say that the following is of course my opinions only, simply sharing my experience for what it's worth.

Counter-trend trading puts the odds against you....
Great to have you back Kevin

Glad your feeling better, missed you man

Ive been missing trades on EURUSD, I need to learn to set pending trades on the bounces. The one thing I want to know is what signs do you look for when its time for a reversal of the main trend, So say you have set a pending trade on a bounce of the Ks or Ts but it carries on down towards the Kumo, would you class it as a reversal if it broke the bottom of the Kumo or what?

Thanks in advance
  • #5,227
  • Oct 19, 2009 1:26pm Oct 19, 2009 1:26pm
Crude oil has broken out...next target $90

U/Cad is now under some heavy pressure...if she breaks 1.0200...thar she goes!
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  • #5,228
  • Oct 19, 2009 1:29pm Oct 19, 2009 1:29pm
Quoting samer960
Hi
i took this trade at a bounce of KS . reaching target soon
regards
you still hunting as usual bro

wishing you all the luck
  • #5,229
  • Oct 19, 2009 1:30pm Oct 19, 2009 1:30pm
Quoting kharvell
Hi everyone,

Back and in action. Pray none of you get swine flu: it sucks. I'm still recovering, but feeling 10 times better. Thanks to everyone for the nice wishes.

samer, nice trade on E/U pal. Took that one myself. Shaved my T/P by 5 pips, then headed down. I bailed out at the orange down arrow. Trying a high risk experiment on this account, which made the trade nice for 10%. Have another long order set for 1.4865 (flat future kumo and flat historic Ks).

Good luck,

Kevin
Welcome back kevin

hope that you feel better now bro
wishing you a nice week
  • #5,230
  • Oct 19, 2009 1:31pm Oct 19, 2009 1:31pm
Quoting kharvell
Hi guys,

I want to just say that the following is of course my opinions only, simply sharing my experience for what it's worth.

Counter-trend trading puts the odds against you....

Wisdom is what my eyes see
  • #5,231
  • Oct 19, 2009 1:32pm Oct 19, 2009 1:32pm
Quoting feri z kosic
Does anybody see a double bottom and probably reversal on 4h USCH?

sharp eyes
am still looking for a long entry also
  • #5,232
  • Oct 19, 2009 1:34pm Oct 19, 2009 1:34pm
Guys am still holding the long view for this pair
i have closed today's positions with 50 pip
and am going long again till the flat Kumo of the 1Hr

have a nice day all
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  • #5,233
  • Oct 19, 2009 1:42pm Oct 19, 2009 1:42pm
Quoting vic_elc
Guys am still holding the long view for this pair
i have closed today's positions with 50 pip
and am going long again till the flat Kumo of the 1Hr

have a nice day all
da Man vic!!


  • #5,234
  • Oct 19, 2009 1:54pm Oct 19, 2009 1:54pm
Quoting golferfx
da Man vic!!


Golf is the closest game to the game we call life. You get bad breaks from good shots; you get good breaks from bad shots - but you have to play the ball where it lies.

- Bobby Jones

enjoy playing forex using the golf rules
  • #5,235
  • Oct 19, 2009 2:08pm Oct 19, 2009 2:08pm
Quoting vic_elc
Golf is the closest game to the game we call life. You get bad breaks from good shots; you get good breaks from bad shots - but you have to play the ball where it lies.

- Bobby Jones

enjoy playing forex using the golf rules


A wonderful man was Bobby Jones...the Tiger Woods of the early 1900's
  • #5,236
  • Oct 19, 2009 2:14pm Oct 19, 2009 2:14pm
Oil,crude, corn, wheat, gold, silver, sugar, coffee are starting to move.

A simple way to play this basket is with " Rogers commodity Index" symbol RJI, a exchanged traded note (ECN) like a ETF.

Jim Rogers has been barking commoditys for all long time now.

Still attractive at current price above the 100sma.

Been buying it since the April.

Just a thought...not 4X related.
  • #5,237
  • Oct 19, 2009 4:19pm Oct 19, 2009 4:19pm
If you are in the camp that think oil is going higher (Japan buying every bucket it can)

Another play on rising oil prices...Cad/Jpy...Cad, major producer (pimp)...Jpy major user (john) ...hhmmmm maybe higher.

Let's be ready.

Breakout of 91

Targets 100/103

Could be a nice trade I think.
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  • #5,238
  • Oct 19, 2009 4:42pm Oct 19, 2009 4:42pm
Quoting feri z kosic
Does anybody see a double bottom and probably reversal on 4h USCH?

Hey Feri,

Not quite yet...but you got the idea...a 4 hr retracement against the daily/weekly is just that a retracement. But stay on it my friend!!
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  • #5,239
  • Edited 5:07pm Oct 19, 2009 4:54pm | Edited 5:07pm
Quoting ichidakiller
Great to have you back Kevin

Glad your feeling better, missed you man

Ive been missing trades on EURUSD, I need to learn to set pending trades on the bounces. The one thing I want to know is what signs do you look for when its time for a reversal of the main trend, So say you have set a pending trade on a bounce of the Ks or Ts but it carries on down towards the Kumo, would you class it as a reversal if it broke the bottom of the Kumo or what?

Thanks in advance
Hello Ichida,

Thanks for the nice words. Good question here. When can you see a reversal of the main trend? Your 3(or 4) hour chart tells you to.

First warning sign is generally TS begins to flatten and/or slope against the trend. KS is usually more important trend indicator, however. So if KS remains flat or with the trend, then worry not. If the KS begins to slope against the trend, then BEGIN to worry. Look at recent high's and lows. Is price just ranging/consolidating or does it look like it's going somewhere unexpected?

Next sign is Chikou span begins to delve under price in the past. This is a warning sign, but not altogether significant by itself.

I've said before, Kumo flat lines make the best Support/resistance. So if you enter a trend and the TS and KS slope against you, your S/L should be reasonable for starters, because eventually you will lose. But also if you can swing your S/L so it is near a Kumo flat line, then odds are your stop won't be hit.

If the Kumo turns to opposite trend color in the future, probably get out. It's not that you're in a bad trade, it's just that you're in a RISKY trade. I like probable trades where I will probably win rather than risky trades. Also, look at Kumo thickness. Thickness determines trend strength.

Hope this helps,

Kevin
  • #5,240
  • Oct 19, 2009 5:35pm Oct 19, 2009 5:35pm
Hey traders,

There are 12 viewing and 8 subscibes on the thread...what is your honest opinion of the thread, because Vic works very hard and I know from my old days of running a floor....we need to hear from you guys.

Is this a thread that you learn something from...or are you just taking signals...it's ok...don't be shy...you might have soooo much to contribute.

Let us know what you think of the thread...hey...let me know if I should stop contributing...sometimes I think I just pontificate!!

golfer
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