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Ichimoku forever

  • #5,621
  • Oct 27, 2009 11:34am Oct 27, 2009 11:34am
Quoting Iskander
So our absolute risk limit is 2,5 % of total equity ? which is 0.5 % per trade ? But in this case we will have 97.5 % of our money available for more trades , dont u think we could use bigger percentage of our total equity ? sorry im a little confused this way of trading just looks so conservative , or maybe im wrong and this is the best way to go .
Yes I agree with you Iskander, It is a very conservative money management except if our friend vic_elc has a very big account
A risk of 1%-2% per trade seems reasonable.
  • #5,622
  • Oct 27, 2009 12:22pm Oct 27, 2009 12:22pm
Quoting samer960
hi
50% fib from 1.4480 (oct 2) and 1.5060 (oct 22) is at 1.4770 witch is in confluence with daily KS . a level to watch carefully for whom might be interested to ride the trend up and reenter long .
maybe it would be a good idea to see it piercing the ks line and we take it long on it is way up . as vic say lets watch the show
regards
So Samer are we waiting on the daily peircing then closing above the Daily Ks?

If so what would be an ideal SL 50 pips below Ks maybe?

Im keeping en eye on this pair so any updates would be cool

Take care
  • #5,623
  • Oct 27, 2009 12:39pm Oct 27, 2009 12:39pm
Quoting ichidakiller
So Samer are we waiting on the daily peircing then closing above the Daily Ks?

If so what would be an ideal SL 50 pips below Ks maybe?

Im keeping en eye on this pair so any updates would be cool

Take care
50 might be close if you look back on the Daily chart the number of times the Ks is pierced back in August.
Although you could argue 50 is safe and you could get them back on a turnaround later...
  • #5,624
  • Oct 27, 2009 1:02pm Oct 27, 2009 1:02pm
Quoting Iskander
So our absolute risk limit is 2,5 % of total equity ? which is 0.5 % per trade ? But in this case we will have 97.5 % of our money available for more trades , dont u think we could use bigger percentage of our total equity ? sorry im a little confused this way of trading just looks so conservative , or maybe im wrong and this is the best way to go .
it is you responsibility to risk more from your account , but always remember if you risk more you will win more and lose more if you are ready to lose more then enjoy
have a nice day
  • #5,625
  • Oct 27, 2009 1:04pm Oct 27, 2009 1:04pm
Quoting Thierry89
Yes I agree with you Iskander, It is a very conservative money management except if our friend vic_elc has a very big account
A risk of 1%-2% per trade seems reasonable.
Nope it is not a big account , if u checked u can see that they are only 1000$ , i think the RM can be applied on any account size,
when thinking RM u don't think of the amount of money you only think of the percentage you are to use
  • #5,626
  • Oct 27, 2009 1:32pm Oct 27, 2009 1:32pm
do gbpusd and eurgbp move together?
  • #5,627
  • Oct 27, 2009 1:34pm Oct 27, 2009 1:34pm
Quoting Iskander
So our absolute risk limit is 2,5 % of total equity ? which is 0.5 % per trade ? But in this case we will have 97.5 % of our money available for more trades , dont u think we could use bigger percentage of our total equity ? sorry im a little confused this way of trading just looks so conservative , or maybe im wrong and this is the best way to go .
Iskander,

I think vic is trying to say risk 2.5% per trade (your stop loss) and if you have 5 trades going that would be 12.5% of the core equity in your account which is very conservative. The more trades you put on the more "heat" your adding to your account.

I would never exceed 20% of your core equity.

2 pips,

golfer
  • #5,628
  • Oct 27, 2009 1:43pm Oct 27, 2009 1:43pm
Quoting golferfx
Iskander,

I think vic is trying to say risk 2.5% per trade (your stop loss) and if you have 5 trades going that would be 12.5% of the core equity in your account which is very conservative. The more trades you put on the more "heat" your adding to your account.

I would never exceed 20% of your core equity.

2 pips,

golfer
Ok we need Vic to clarify this point then . My understanding was 2,5 % of total equity . By the way Vic , in MM finetuning document that u posted , they talk about 6% total risk , in different sectors . So in forex we could use it as 12 slots at 0,5 % each ? sorry for too many questions , this is just a very important factor that we should consider before we can start trading .
  • #5,629
  • Oct 27, 2009 1:54pm Oct 27, 2009 1:54pm
this is just a very important factor that we should consider before we can start trading .[/quote]


agree 100%

And if you need help understanding this IMPORTANT part of trading...pm me and I'll help ya!

golfer
  • #5,630
  • Oct 27, 2009 2:24pm Oct 27, 2009 2:24pm
Quoting Iskander
Ok we need Vic to clarify this point then . My understanding was 2,5 % of total equity . By the way Vic , in MM finetuning document that u posted , they talk about 6% total risk , in different sectors . So in forex we could use it as 12 slots at 0,5 % each ? sorry for too many questions , this is just a very important factor that we should consider before we can start trading .
Well if u checked my previous posts and the Account details you will noticed that any position with a BE SL is considered a free trade , this means a free Slot , this will give u the chance to risk more cause whatever happens you will not lose anything from the opened position .
i'll post an explanation of the whole idea i have about this MM & RM
cheers
  • #5,631
  • Oct 27, 2009 2:28pm Oct 27, 2009 2:28pm
Quoting golferfx
this is just a very important factor that we should consider before we can start trading .

agree 100%

And if you need help understanding this IMPORTANT part of trading...pm me and I'll help ya!

golfer[/quote]

Hey Golfer

how are you??!!, i'd like you to explain more in the thread about the way you MM& RM your account, at the moment i am working on improving my skills in this field, to be honest i don't care more about any technical analysis when trading i trust Ichimoku more than myself so i'll leave the technical analysis to be managed by ichi and i'll find the best way i can manage my money.
show me how you swing
  • #5,632
  • Oct 27, 2009 2:55pm Oct 27, 2009 2:55pm
Quoting vic_elc
agree 100%

And if you need help understanding this IMPORTANT part of trading...pm me and I'll help ya!

golfer
Hey Golfer

how are you??!!, i'd like you to explain more in the thread about the way you MM& RM your account, at the moment i am working on improving my skills in this field, to be honest i don't care more about any technical analysis when trading i trust Ichimoku more than myself so i'll leave the technical analysis to be managed by ichi and i'll find the best way i can manage my money.
show me how you swing [/quote]

Hey vic

I'm not quite sure of your slot trading/allocation...I think I know what your going for.

Mine is simple: I trade, 2% risk per trade with an 3 x ATR 10 from the daily.

I then try to just ride the trend, adjusting the stop as the daily bar closes until I'm stopped out or get a KS/TS cross.

If I have 2 losing trades in a row I stop trading for a few days. If I have 3 losing trades in a row...I kick the dog!

I don't set profit targets...I let ichi worry about that.

For me...I have to keep it simple.

Hope that helps

golfer
  • #5,633
  • Oct 27, 2009 3:01pm Oct 27, 2009 3:01pm
Ok guys to make it easy I’ll show you what is in my mind
-How many indicators i have used through the froex journey
-How strong was this indicator looking like??!!
-It is doing great and at least 85% of the signals are correct !!!!
-I enter very good positions and make a lot of pips
-Still after all my account is in –ve!!!!!!!!!!!!

Although I have a great ichomoku system although I under stand each single line in it although I make great trades still I can’t make money!!!!!!!!

The problem is that we waste our time trying to find the best indicator to use and forget that truth which is MM&RM, all the indicators are based on equations, I am an engineer and understand that equations will never lie and I can assure you that they all do the job, the signal on your MACD is the same signal I see on my Ichimoku is the same signal someone else see on his RSI, etc etc etc .....

So it is very clear to me that the MM&RM are the key, it is not the indicator it is the way we can manage our risk and money

Whatever the signal Ichi gives to me I’ll go with it but I’ll not risk the whole 2.5% in one position I’ll divide them to 5 positions, and any one of them SL reaches BE I consider it a free Slot for another risk , I chosen spanB to be my SL all the time whatever was my entry

See the great example eurjpy shown us on 1Hr

Guys please feel free to discuss this subject; again I believe that this is the key

Have a great week
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  • #5,634
  • Oct 27, 2009 3:03pm Oct 27, 2009 3:03pm
Quoting golferfx

If I have 2 losing trades in a row I stop trading for a few days. If I have 3 losing trades in a row...I kick the dog!
I hope ur a successful trader , otherwise ur dog will be in great pain every day
  • #5,635
  • Oct 27, 2009 3:03pm Oct 27, 2009 3:03pm
Quoting golferfx
Hey Golfer

how are you??!!, i'd like you to explain more in the thread about the way you MM& RM your account, at the moment i am working on improving my skills in this field, to be honest i don't care more about any technical analysis when trading i trust Ichimoku more than myself so i'll leave the technical analysis to be managed by ichi and i'll find the best way i can manage my money.
show me how you swing

Hey vic

I'm not quite sure of your slot trading/allocation...I think I know what your going for.

Mine is simple:...


yes this is the point we dont need to care about the market and what profit we will take, we need to understand how to manage the money we will be working with in the market
wise man you are golfer
thanks for being around
have a nice week
  • #5,636
  • Oct 27, 2009 3:41pm Oct 27, 2009 3:41pm
Ok Vic I think im starting to get this now

So when you say you have 5 positions, some of these positions can be added on to a previous positions, as well as anything other good trades you see,

If you move the SL to break even on any trade, or once a position hit a TP/SL, That then free's up an extra (free) position.

But you never have more then 5 positions open.

I think I get it at last

Thanks Vic
Quoting vic_elc
Ok guys to make it easy I’ll show you what is in my mind
-How many indicators i have used through the froex journey
-How strong was this indicator looking like??!!
-It is doing great and at least 85% of the signals are correct !!!!
-I enter very good positions and make a lot of pips
-Still after all my account is in –ve!!!!!!!!!!!!

Although I have a great ichomoku system although I under stand each single line in it although I make great trades still I can’t make money!!!!!!!!

The problem is that we waste our time trying to find the...
  • #5,637
  • Oct 27, 2009 3:55pm Oct 27, 2009 3:55pm
Quoting ichidakiller
Ok Vic I think im starting to get this now

So when you say you have 5 positions, some of these positions can be added on to a previous positions, as well as anything other good trades you see,

If you move the SL to break even on any trade, or once a position hit a TP/SL, That then free's up an extra (free) position.

But you never have more then 5 positions open.

I think I get it at last

Thanks Vic
No i can have more than 5 positions actually you can ever have whatever number you want as long as you don't exceed the 2.5% , so any position with SL BE is not counted you forget it it is not there and think of others
hope it is some how clear now
  • #5,638
  • Oct 27, 2009 4:00pm Oct 27, 2009 4:00pm
Quoting vic_elc
No i can have more than 5 positions actually you can ever have whatever number you want as long as you don't exceed the 2.5% , so any position with SL BE is not counted you forget it it is not there and think of others
hope it is some how clear now
Vic do u trade on ur live account like this , or ur testing this method on demo at the moment ?
  • #5,639
  • Oct 27, 2009 4:28pm Oct 27, 2009 4:28pm
Quoting Iskander
Vic do u trade on ur live account like this , or ur testing this method on demo at the moment ?
i have my own MM & RM Rules , but am testing the new rules on the demo account . lets give it a month or 2 and see the results , if they are better than what i am using for sure i'll follow it
  • #5,640
  • Oct 27, 2009 4:50pm Oct 27, 2009 4:50pm
Quoting vic_elc
you need to scroll all the TFs in the same window before adding the indicator
Still having issues with this Ichimoku Signal , it all works until I shut down Metatrader and restart it and it will not load sits there thinking but never loads, so I have had to uninstall and reinstal to get it working again. Anyone else have similar issues? Great forum, very happy with this entry. Thanks all.
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