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Ichimoku forever

  • #5,281
  • Oct 19, 2009 8:51pm Oct 19, 2009 8:51pm
First and foremost, glad everyone (ichida, scavenger, vic, philipo, golfer, steve, and anyone else I missed) is having some successes with ichimoku. It's pretty easy when applied in a high probability fashion. Keep it up people!

Quoting ichidakiller
Excellent and clear reply Kevin thanks

One more question

We confirm the trend with the daily and weekly TF, Then do we watch for bounces from the mainly the Ts or the Ks

Or do we wait for bounces from the Ts for entry but use the Ks as the stop loss?

Also I am now following E/U, But I would like to follow 2 more pairs, Any suggestions?

Thanks for your time Kevin always appreciated
Hi ichida, you are getting it man, good job. Don't over complicate it though. It's easier than it looks. Just be reasonable. Shoot for 50-100 pips, sometimes more, make a good S/L that is either of the flat lines you mention or support/resistance. Usually 50-150 pips depending on my target.

What other pairs? Anything that looks good and has a decent spread, dude. It's all game if you want, as long as there is a trend. The important thing is to not over-invest in a particular currency. Diversity can save you some money during tough times. By looks good I am referring to: it has a good, strong daily trend, and 3 hour chart looks decent. Of course there are extenuating circumstances. i.e. This EUR/GBP trade I just took where 3-hour looks not the greatest, but it's a good price, worth the risk. Good luck, vic Hopefully we have a winner, it looks very naiice
  • #5,282
  • Oct 19, 2009 9:01pm Oct 19, 2009 9:01pm
Quoting fxScavenger
Hi Kevin,

I'v been following your method a bit now with your remarks RE: Kumo thickness determines trend strength. I've attached a Daily chart for the AUDUSD, and I want to draw your attention to not so much the thickness of the kumo but rather it's rate of expansion as a indication of accelleration and momentum. It Seems to me the faster span A is pulling Away from span B the greater the accelleration and as span B begins to flatten while span A continues it's rise, this would be an indication of moving into an over bought or over sold condition...
Scavenger,

Spot on, man. Check out how on October 13, I notice a very fat future kumo in this post. Quoted below for convenience:

Quote
Daily chart SCREAMING bull on EUR/USD. Very fat bullish future kumo; may be overbought, trade with care.

There after, two doji candles come (chart below).

I find it helpful to compare the thickness with that of in the past. Generally thick is better than thin, but too thick is a little scary.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_212.png Size: 63 KB
  • #5,283
  • Oct 19, 2009 9:14pm Oct 19, 2009 9:14pm
Quoting kharvell
First and foremost, glad everyone (ichida, scavenger, vic, philipo, golfer, steve, and anyone else I missed) is having some successes with ichimoku. It's pretty easy when applied in a high probability fashion. Keep it up people!



Hi ichida, you are getting it man, good job. Don't over complicate it though. It's easier than it looks. Just be reasonable. Shoot for 50-100 pips, sometimes more, make a good S/L that is either of the flat lines you mention or support/resistance. Usually 50-150 pips depending on my target.

What other pairs?...
Well I've got to report it.

I've pulled down a little over 200pips since about 6am pdt playing the AUDUSD and The NZDUSD. Both long both off a Ts bounce on an H10 chart. I've been playing around with these off standard TF's and having good luck finding good entry points. I took a third off each early on (I love that instant gratification ), I took off another hunk more than a third of each position about 40 pips later and am letting the last ride. My first good set of trades (trades I actually felt confident about making) since July of this year. Thanks Guy's your the best. Sorry, again I didn't keep good documentation when I got in. To be honest I wasn't thinking about that part. I was checking out that expanding kumo theory of mine and I swear it looked so much like a HORN of PLENTY, Honest, I just got too excited. Horn of Plenty I like that, sounds like the name of a new ICHI strategy.

fxScavenger Arrogance is just Ignorance misspelled. abso-PIPn-lutely
  • #5,284
  • Oct 19, 2009 9:26pm Oct 19, 2009 9:26pm
Quoting kharvell
Scavenger,

Spot on, man. Check out how on October 13, I notice a very fat future kumo in this post. Quoted below for convenience:



There after, two doji candles come (chart below).

I find it helpful to compare the thickness with that of in the past. Generally thick is better than thin, but too thick is a little scary.
Thanks Kevin, Your a real confidence builder.

Man the more I study this Ichi the more I dis-regard other indicators.
fxScavenger Arrogance is just Ignorance misspelled. abso-PIPn-lutely
  • #5,285
  • Oct 19, 2009 9:39pm Oct 19, 2009 9:39pm
Quoting fxScavenger
Thanks Vic,

Now I Know I'm on the right track. I've been watching the kumo and saying to myself there is more to this kumo than just an attraction point for support or resistance.

I just want to take this time to thank all who have been contributing to this thread. I feel renewed. All those new NFA rules had left me dejected , rejected, confused and abused, and down right stumped. I'm back in the saddle again. YeeHaw!
Welcome to the club
  • #5,286
  • Oct 19, 2009 9:42pm Oct 19, 2009 9:42pm
Quoting kharvell
Scavenger,

Spot on, man. Check out how on October 13, I notice a very fat future kumo in this post. Quoted below for convenience:



There after, two doji candles come (chart below).

I find it helpful to compare the thickness with that of in the past. Generally thick is better than thin, but too thick is a little scary.
Hi Kevin,

Here is the cloud expansion I've been trading.

It's kick ass man.
Attached Image (click to enlarge)
Click to Enlarge Name: The Horn of Plenty ScreenHunter_01 Oct. 19 19.37.gif Size: 55 KB
fxScavenger Arrogance is just Ignorance misspelled. abso-PIPn-lutely
  • #5,287
  • Oct 19, 2009 9:47pm Oct 19, 2009 9:47pm
Quoting fxScavenger
Hi Kevin,

Here is the cloud expansion I've been trading.

It's kick ass man.
Very nice! You call it the horn of plenty, I call it the kumo cross with good trending kumo lines. As long as we both get paid $$$!
  • #5,288
  • Edited 9:50pm Oct 19, 2009 9:47pm | Edited 9:50pm
Quoting vic_elc
Welcome to the club
Thank you Vic,

I'm so glad you started this thread.

Dude you Rock.

You see Mirai Bushi under fxScavenger, It means Future Warrior in Japanese.
fxScavenger Arrogance is just Ignorance misspelled. abso-PIPn-lutely
  • #5,289
  • Oct 19, 2009 9:51pm Oct 19, 2009 9:51pm
Quoting kharvell
First and foremost, glad everyone (ichida, scavenger, vic, philipo, golfer, steve, and anyone else I missed) is having some successes with ichimoku. It's pretty easy when applied in a high probability fashion. Keep it up people!
Kevin

you are a real Ichimoku warrior , being around us helped the army to sharpen the swords ,thank you bro , thanks everyone again i see we are doing a great work in here .
for the EUR GBP i can't resist such a cheap price at the moment , its like a rolls royce phantom with 50,000$ haha . i hope it will move in our direction
good luck for and good luck for everyone
  • #5,290
  • Oct 19, 2009 9:53pm Oct 19, 2009 9:53pm
Quoting kharvell
Very nice! You call it the horn of plenty, I call it the kumo cross with good trending kumo lines. As long as we both get paid $$$!
Ain't that the truth, and as you say, "It's not just the pips, It's How much cash they put in your pocket" or something to that effect. (please excuse the paraphrase)
fxScavenger Arrogance is just Ignorance misspelled. abso-PIPn-lutely
  • #5,291
  • Edited 10:22pm Oct 19, 2009 10:21pm | Edited 10:22pm
Well guys here are what i think of this position at the moment

1Hr chart

Ts is to support the price and keep moving it up
Ks is the resistance we have at the moment if it is broke the 4hrs Ts will be broke also and will open the way to the 4Hrs targets which are the same falt SpanB on the 1Hr
SpanA on 1hr also showing a good support

a close below Kumo will be very risky , i'll keep a close eye on this , if it broke the 1Hr Kumo i'll stop this position and will decide what to do again
please share your thoughts with me

p.s i'd like to see the GBP USD going down , this will support this position cause the GBP will be under pressure , what do you think ??!!
Attached Image (click to enlarge)
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  • #5,292
  • Oct 19, 2009 10:29pm Oct 19, 2009 10:29pm
analyzing you hair cut is very easy like the thing we do using Ichimoku

what do you think
Attached Image
  • #5,293
  • Oct 19, 2009 10:39pm Oct 19, 2009 10:39pm
Quoting vic_elc
analyzing you hair cut is very easy like the thing we do using Ichimoku

what do you think
bahaha, or you can just make more pips so you can stop getting those $20 hair cuts, vic!
  • #5,294
  • Oct 19, 2009 10:48pm Oct 19, 2009 10:48pm
As far as EUR/GBP is concerned, the daily chart says bullish, we are getting a good deal on it. If we lose, so be it. My stop is at .9050. Kumo cloud getting a little bit large in the future, but positive sloping.

3-hour chart future kumo looking pretty oversold, flat lining senkou b, ts-ks cross, chikou approaching price.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: Screenshot_215.png Size: 61 KB
  • #5,295
  • Oct 19, 2009 10:50pm Oct 19, 2009 10:50pm
Quoting kharvell
bahaha, or you can just make more pips so you can stop getting those $20 hair cuts, vic!
hehe yeah i need more pips it might help me to improve the curve of my haircut trading
  • #5,296
  • Oct 19, 2009 10:53pm Oct 19, 2009 10:53pm
Quoting vic_elc
Well guys here are what i think of this position at the moment

1Hr chart

Ts is to support the price and keep moving it up
Ks is the resistance we have at the moment if it is broke the 4hrs Ts will be broke also and will open the way to the 4Hrs targets which are the same falt SpanB on the 1Hr
SpanA on 1hr also showing a good support

a close below Kumo will be very risky , i'll keep a close eye on this , if it broke the 1Hr Kumo i'll stop this position and will decide what to do again
please share your thoughts with me

p.s i'd like...
Well it looks like the M30 TS is supporting your position. at least for the moment. A little ify yet for my taste. A ballsy move Vic.
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP M30.gif Size: 63 KB
fxScavenger Arrogance is just Ignorance misspelled. abso-PIPn-lutely
  • #5,297
  • Oct 19, 2009 10:53pm Oct 19, 2009 10:53pm
Quoting kharvell
As far as EUR/GBP is concerned, the daily chart says bullish, we are getting a good deal on it. If we lose, so be it. My stop is at .9050. Kumo cloud getting a little bit large in the future, but positive sloping.

3-hour chart future kumo looking pretty oversold, flat lining senkou b, ts-ks cross, chikou approaching price.
my daily chart showing a good support area, but am using the default settings i think this is the reason of the difference between our chart .

good luck for both of us
Attached Image (click to enlarge)
Click to Enlarge Name: daily.gif Size: 18 KB
  • #5,298
  • Oct 19, 2009 10:58pm Oct 19, 2009 10:58pm
Quoting fxScavenger
Well it looks like the M30 TS is supporting your position. at least for the moment. A little ify yet for my taste. A ballsy move Vic.
On my H1 The PA has already crossed up over the Kumo span B.
But TS is below KS and flat and the PA is stuck in between.
Attached Image (click to enlarge)
Click to Enlarge Name: EUGBP H1.gif Size: 51 KB
fxScavenger Arrogance is just Ignorance misspelled. abso-PIPn-lutely
  • #5,299
  • Oct 19, 2009 11:03pm Oct 19, 2009 11:03pm
Quoting vic_elc
my daily chart showing a good support area, but am using the default settings i think this is the reason of the difference between our chart .

good luck for both of us
That D1 looks promising, If the PA retraces that inside bar from yesterday, theres your 61 pips or so. The first test as I see it is the top of the Kumo, Take profit there and let the rest ride to the flat TS. Completion of that right shoulder of the H & S formation could take you there.

Your thoughts.
fxScavenger Arrogance is just Ignorance misspelled. abso-PIPn-lutely
  • #5,300
  • Oct 19, 2009 11:08pm Oct 19, 2009 11:08pm
Quoting fxScavenger
That D1 looks promising, If the PA retraces that inside bar from yesterday, theres your 61 pips or so. The first test as I see it is the top of the Kumo, Take profit there and let the rest ride to the flat TS. Completion of that right shoulder of the H & S formation could take you there.

Your thoughts.
yeah the daily is very promising but the weekly makes me very afraid , i see a very good divergence candle
Attached Image (click to enlarge)
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