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Ichimoku forever

  • #5,561
  • Edited 12:48am Oct 26, 2009 12:26am | Edited 12:48am
Quoting samer960
hi mate
this EU do not want to stop at our station . so i moved up and i ride it higher , are u in ?
regards
Hi samer,

Hope your weekend was good. I would be weary of what price you buy EUR/USD at. There is strong resistance at 1.5050 (horizontal blue line) do not buy near this level; forms quadruple top. I personally still think the trend may still be up, so am only planning to buy if it's cheap at 1.4966 (order set at horizontal green line); based on very flat KS and flat future kumo at this level.

Things that are concerning: chikou span going under price, not huge, but meaningful. All and all trend still seems up to me though (most lines sloping up).

I'm wondering if 1.5000 wouldn't be a bad level to buy at, just depends how quickly it goes up.

Some people say I rely on luck, but I'm not. I'm relying on simple common sense. If something is cheap, you buy it. I don't accept any level but the order I put in. I choose the best risk points.

Later dude,

Kevin
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  • #5,562
  • Edited 1:24am Oct 26, 2009 1:09am | Edited 1:24am
hi kevin
thanks for your reply
i am aware of this resistence and the Resistance was my target . the train left us at the station on Friday . so today i have decided to long it at the first sign of bounce near by KS and this is what i did . and i closed the trade + 43 .
as for u relying on luck , i don't personally think so . ur way of trading is the same as vic presented.
u don't switch to a lower time frame but u wait for a bounce or retrace on ks with is almost the same thing, sometimes it put u in a trade a bit before so or u make a few more pips or u suffer a small draw down before joining the one who trade with switching TF . this is the only difference . and i have posted with a chart before showing why it is the same . thats why i adopted ur way of entering trades at a single difference i do not use pending orders i prefer to see how the candle react on ks .
anyway now i am waiting for it to retrace again to relong it at ks .
regards and happy trading
samer

Hope your weekend was good. I would be weary of what price you buy EUR/USD at. There is strong resistance at 1.5050 (horizontal blue line) do not buy near this level; forms quadruple top. I personally still think the trend may still be up, so am only planning to buy if it's cheap at 1.4966 (order set at horizontal green line); based on very flat KS and flat future kumo at this level.

Things that are concerning: chikou span going under price, not huge, but meaningful. All and all trend still seems up to me though (most lines sloping up).

I'm wondering if 1.5000 wouldn't be a bad level to buy at, just depends how quickly it goes up.

Some people say I rely on luck, but I'm not. I'm relying on simple common sense. If something is cheap, you buy it. I don't accept any level but the order I put in. I choose the best risk points.

Later dude,

Kevin[/quote]
  • #5,563
  • Oct 26, 2009 2:07am Oct 26, 2009 2:07am
Quoting krmo
I hope this helps a few of you out there.!!!
This is just my take on the Risk Exposure and Trade management.

KRMO Risk Management and Trade Management

Risk Management

I figure my risk from a per trade view point.
That risk is 1.5% per trade.
But the caveat is that the 1.5% is from the balance (free margin)

So if I start with a $1,000 balance with a mini account then:

_my first trade risk = 1.5% of $1,000 = $15

_second trade risk = 1.5% of $985 (1,000 – 15 (1st trade risk) =...

Hi Krmo,

Many thanks for your explanation. This is very helpful.

Thanks.
Regards,
- utpala -
  • #5,564
  • Oct 26, 2009 2:10am Oct 26, 2009 2:10am
Quoting vic_elc
Hello...
Hi Vic,

Many ... many .. thanks for your informations.

Best Regards,
- utpala -
  • #5,565
  • Oct 26, 2009 2:16am Oct 26, 2009 2:16am
Quoting SanMiguel
$50 is the maximum you are willing to lose on any trade. This means that if you enter a trade and your stop loss is 50 pips away, you should risk $50 over that 50 pips ie $1 per pip.
5 lots is much much more, it is equivalent to about $50 per pip (depending on the currency) and over 50 pips you would therefore lose $2500.
Hi SanMiguel,

Thanks for your information.

Best Regards,
- utpala -
  • #5,566
  • Oct 26, 2009 4:42am Oct 26, 2009 4:42am
Hello Samer,
What do you say about the Ts and Ks cross on the daily chart of GBPUSD?

Thanks

Quoting samer960
hi
i am using same settings as u . i restarted my platform and gave me now same chart as yours . sorry for posting the previous chart i will delete it as i didn't pay attention it gave me until NOV 2008, because other time frames were OK .
my opinion remain the same.
as u have said lets wait for 4 h cross for u to change your mind and i will wait for a weekly break of s.span to change mine
thank you .
  • #5,567
  • Oct 26, 2009 5:05am Oct 26, 2009 5:05am
hi javed
thats a weak bullish signal as there is a cross under the cloud , last week i went long on UJ with a signal like this on daily but i had a cross on H4 and a bounce on ks lower time frame
in our case here the daily is not even closed above the cross .
Javed for me there is no sign what so ever that GU is bullish now to enter a long position and i might be wrong .
we need much more than what we have now to consider going long . but remember in my first post in replying to you i have said we might see a retracement after almost 400 pip drop witch is normal .
all this said i might be wrong but this is how i see GU now .
regards
Quoting Javed
Hello Samer,
What do you say about the Ts and Ks cross on the daily chart of GBPUSD?

Thanks
  • #5,568
  • Oct 26, 2009 5:14am Oct 26, 2009 5:14am
Quoting vic_elc
no man it is not per trade it is the total risk i can make with money
2.5% of total balance is the best thing to do , you can divide them into positions . and the position you move its SL to BE you can droop it from your RM calculation and look for another position (risk). i think this the best thing to done
have a nice weekend
cheers
But Vic, the 2% or 2.5% MM I know and have read several times is per trade. For example if you get into a trade and 1pip is equal to 1dollar, you set your stops at 20pips or 25pips (account is 1000 dollars). That means if you have several opportunities you can take them and set their stops as well to 2% or 2.5%. Now ponder over this question. You took a trade and hit your MM limit according to your rule. And there is another good trade. what do you do? Will you leave it to just go like that because you have hit your MM already?

Then secondly the amount you are will to loose has to do with your stops rather than your lot size which must not exceed 2% or 2.5% of your account.

Except there are other variation you are explaining to us which is new to me.
  • #5,569
  • Oct 26, 2009 5:26am Oct 26, 2009 5:26am
Thanks Samer,
I almost forgot that should wait for the close of candle.
So we wait for H4 cross


Quoting samer960
hi javed
thats a weak bullish signal as there is a cross under the cloud , last week i went long on UJ with a signal like this on daily but i had a cross on H4 and a bounce on ks lower time frame
in our case here the daily is not even closed above the cross .
Javed for me there is no sign what so ever that GU is bullish now to enter a long position and i might be wrong .
we need much more than what we have now to consider going long . but remember in my first post in replying to you i have said we might see a retracement after almost 400 pip...
  • #5,570
  • Oct 26, 2009 6:16am Oct 26, 2009 6:16am
Quoting philipo
But Vic, the 2% or 2.5% MM I know and have read several times is per trade. For example if you get into a trade and 1pip is equal to 1dollar, you set your stops at 20pips or 25pips (account is 1000 dollars). That means if you have several opportunities you can take them and set their stops as well to 2% or 2.5%. Now ponder over this question. You took a trade and hit your MM limit according to your rule. And there is another good trade. what do you do? Will you leave it to just go like that because you have hit your MM already?

Then secondly...
If you are going to risk 2.5% of your money in each position and opened 2 and lost them then you have lost 5% not 2.5% also you will be looking only for positions with SL not exceeding 2.5% of your account , what if you see a good position with SL 4% of your account !!! Are you gonna miss it cause of the SL??!!!
What I am doing is dividing the risk of the 2.5% into several positions, means that if the position requires more than the 2.5% SL I’ll use a smaller lot size in it .
Example:
1000$ account, pip=1 USD
2.5% = 25USD = 25 pip
This means that your SL will never exceed 25 pip, but what if there was a good entry with SL = 100 pip!!!! You will use ¼ of the 2.5% in the lot then pip = 0.25USD . if your position hit the SL all what you lost is the normal 25 USD .
I believe that Dividing the risk into several position is the best thing to do , I know you will not be making tons of money but also you will not be losing tons, and the odds that you lose all your positions are so rare .
I hope it is somehow clear now.
Please feel free to ask about anything
Nice week to you all
  • #5,571
  • Oct 26, 2009 7:36am Oct 26, 2009 7:36am
Quoting vic_elc
If you are going to risk 2.5% of your money in each position and opened 2 and lost them then you have lost 5% not 2.5% also you will be looking only for positions with SL not exceeding 2.5% of your account , what if you see a good position with SL 4% of your account !!! Are you gonna miss it cause of the SL??!!!
What I am doing is dividing the risk of the 2.5% into several positions, means that if the position requires more than the 2.5% SL I’ll use a smaller lot size in it .
Example:
1000$ account, pip=1 USD
2.5% = 25USD = 25 pip
This...


Excellent vic,

And if I might add to K.I.S.S. Per trade 2% of the money in your account (equity ) for your stop loss then you have your "get me out" stop"

If you are new or do not like risk...never exceed 20% of all your money (equity) on your basket of trades. If your wrong on ALL your trades you still have enought to fight another day.

Pick a basket of pairs that are non-correlated...and I mean non-correlated and only trade those pairs. Then, when they breakout and start to trend you will already have your plan in place and you will trade with more confidence.

Keep it simple...trade with confidence...dont chase the dog's.

just my two pips,

golfer
  • #5,572
  • Oct 26, 2009 10:28am Oct 26, 2009 10:28am
Guys am long USD CHF . am sorry am not able to post my original chart cause am at work now
i have also some other positions will post them all from the demo account once am able to

have a nice day all
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  • #5,573
  • Oct 26, 2009 10:31am Oct 26, 2009 10:31am
Short EUR USD
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  • #5,574
  • Oct 26, 2009 10:35am Oct 26, 2009 10:35am
Quoting vic_elc
Guys am long USD CHF . am sorry am not able to post my original chart cause am at work now
i have also some other positions will post them all from the demo account once am able to

have a nice day all
Counter trend trade?
  • #5,575
  • Oct 26, 2009 10:38am Oct 26, 2009 10:38am
Quoting SanMiguel
Counter trend trade?
1Hr cloud break out , i'll move my SL with spanB and lets see what are the results of my new MM and RM rules .

cheers
  • #5,576
  • Oct 26, 2009 10:57am Oct 26, 2009 10:57am
Quoting vic_elc
Hello
Thank you all for your concern about ichimoku , I have started this thread upon your request , I’ll start to make this one different than any other thread , I’ll explain first what is ichi and which signal we shall follow and then will be updating the thread with real deals so we can share experience, success and failure so it will benefit for all of us .Enough talk lets fight , in the battle you better use a Japanese sword and not any one it is an ichimoku sword bladed in Okinawa .
The Ichimoku chart is composed of five (5) separate indicator...
I know I'm late buy thank you for this post. I leared a lot from it.
  • #5,577
  • Oct 26, 2009 11:14am Oct 26, 2009 11:14am
GBPJPY 1hr seems to have bounced off the 1hr kumo future and this is the same for the Daily chart. The 4hr is the only one not agreeing with the main trend at present. I am thinking about shorting if the 1hr closes below the Ts and as long as the Cs crosses back below price. Any thoughts?
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  • #5,578
  • Oct 26, 2009 11:52am Oct 26, 2009 11:52am
It was a very nice short
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  • #5,579
  • Oct 26, 2009 12:18pm Oct 26, 2009 12:18pm
Quoting SanMiguel
GBPJPY 1hr seems to have bounced off the 1hr kumo future and this is the same for the Daily chart. The 4hr is the only one not agreeing with the main trend at present. I am thinking about shorting if the 1hr closes below the Ts and as long as the Cs crosses back below price. Any thoughts?

SM -- I see the future kumo is signaling short, and, for what it is worth, we had a bearish Div Bar at the lower kumo bounce [H1]. Would be better to see the C span drop below prices . . . pretty quiet in the market now. Wouldn't take much of a drop for the T-S to X the K-S which might be around the point the C span drops below prices. The set up is there. Time for a little waiting, I guess. I'm watching with you.
  • #5,580
  • Oct 26, 2009 12:23pm Oct 26, 2009 12:23pm
Hey SM, Eegle and the rest of you kumo stars on-line now --

How many pairs do you try to keep track of at one time. I think Vic has pared his watching down to 5 pairs.

I seem to miss things trying to keep an eye on too many things at once.

What's working for you?
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