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Ichimoku forever

  • #5,661
  • Oct 28, 2009 4:30am Oct 28, 2009 4:30am
Quoting vic_elc


me going bananas
Vic
Your trade size is 0.03 regardless of the SL, correct?
Are you doing account size percentages or is your SL always set?
  • #5,662
  • Oct 28, 2009 5:21am Oct 28, 2009 5:21am
Quoting samer960
hi
thank you for wishing me good luck
i am not doing something strange by entering EU long , if you look at it well u will see i am doing the same thing as taking for example daily , 4 h , 15 min . but i am using monthly , weekly , daily and everything is proportional i mean the take profit and stop loss . it can be 50 pip on lower time frame and can be 150 and above for daily And a good MM .
it might be a losing position but i took it following the rules for high time frame . if it lose this is forex .
have a nice day
Did you exit at the kumo top?
EU looks to have bounced from the Ks again but the momentum is not as strong this time.
  • #5,663
  • Oct 28, 2009 5:51am Oct 28, 2009 5:51am
Hi Everyone,

This is a trade that I have just entered around 10.46am GMT today.

After having been away for a few weeks I see that there are a number of different variations to our original system being used.

It will be too confusing to explain my trade logic given how many differing trade methods are currently being discussed.

Hope you are all well and look forward to getting back into things full time.

Cheers, 4x.

EUR/CHF SELL @ 1.5115 ([email protected] and TP @ 1.5060).

R/R is 1:1.25 and I will be using 1% of account equity for this trade.
  • #5,664
  • Oct 28, 2009 6:25am Oct 28, 2009 6:25am
Quoting 4xAddict
Hi Everyone,

This is a trade that I have just entered around 10.46am GMT today.

After having been away for a few weeks I see that there are a number of different variations to our original system being used.

It will be too confusing to explain my trade logic given how many differing trade methods are currently being discussed.

Hope you are all well and look forward to getting back into things full time.

Cheers, 4x.

EUR/CHF SELL @ 1.5115 ([email protected] and TP @ 1.5060).

R/R is 1:1.25 and I will be using 1% of account equity for this trade.

Hi 4xAddict,

Could you please expantiate more on why you took the trade?

Also attached is a USDCAD trade I was contemplating entering based on the cross on the 1hr chart but held back because the Daily chart is still under the cloud. What would you do?

Thanks for your generous contributions and welcome back.

daysey
Attached Image (click to enlarge)
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  • #5,665
  • Oct 28, 2009 6:25am Oct 28, 2009 6:25am
Quoting 4xAddict
Hi Everyone,

This is a trade that I have just entered around 10.46am GMT today.

After having been away for a few weeks I see that there are a number of different variations to our original system being used.

It will be too confusing to explain my trade logic given how many differing trade methods are currently being discussed.

Hope you are all well and look forward to getting back into things full time.

Cheers, 4x.

EUR/CHF SELL @ 1.5115 ([email protected] and TP @ 1.5060).

R/R is 1:1.25 and I will be using 1% of account equity for this trade.
Very slow moving pair this one
I se on the 1hr there were many 1hr candles hugging th bottom of the 1hr kumo and then a break of the kumo.
Daily, 4hr, 1hr trends all down.
  • #5,666
  • Edited 7:31am Oct 28, 2009 6:51am | Edited 7:31am
I am short the GBPUSD from 1.6322.
Points for this trade:
- CS trendline break and CS trendline bounce (1 & 2)
- kumo exit
- CS crosses price span down
- Ts exits cloud
- Daily trend is down including strong bounce from the resistance line at 1.67 on Daily chart

Points against this trade:
- 4hr trend is neutral
- lots of 4hr and 1hr support zones below (negated by the trendline break, which many traders look at)
- 1hr kumo future is bullish and flat suggesting price may retrace

Neutral:
-Ts/Ks cross in the 1hr kumo

I will keep a close eye on this to see what happens.
2 options:
- trade moved to +30 pips so move stop to breakeven and if a retrace takes it out, await another entry at a better price;
- trail by the kumo as usual.
Personally, I used to trade trendline breaks and S/R a while ago and I know a lot of "western technical" methods use these methods on things like GBPUSD. I am more comfortable with pure ichi trading on the JPY pairs - maybe these are the ramblings of a madman

Any thoughts welcome
Attached Image (click to enlarge)
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  • #5,667
  • Oct 28, 2009 7:06am Oct 28, 2009 7:06am
Quoting SanMiguel
I am short the GBPUSD from 1.6322.
Points for this trade:
- CS trendline break and CS trendline bounce (1 & 2)
- kumo exit
- CS crosses price span down
- Ts exits cloud
- Daily trend is down including strong bounce from the resistance line at 1.67 on Daily chart

Points against this trade:
- 4hr trend is neutral
- lots of 4hr and 1hr resistance zones below (negated by the trendline break, which many traders look at)
- 1hr kumo future is bullish and flat suggesting price may retrace

Neutral:
-Ts/Ks cross in the 1hr kumo

I will keep...
Sound logic SM!

I am liking the G/U trade as well. Will be looking to enter on the close of the current 1hr candle outside the kumo.

How have your trades been going lately?

Cheers.

EDITED - just entered

SOLD G/U @ 1.6314 (SL@ 1.6428 TP target is 1.6200). Will move SL with 1hr kumo top. R:R ratio is 1:1. Account equity at risk on this trade 0.5%
  • #5,668
  • Oct 28, 2009 7:27am Oct 28, 2009 7:27am
Quoting 4xAddict
Sound logic SM!

I am liking the G/U trade as well. Will be looking to enter on the close of the current 1hr candle outside the kumo.

How have your trades been going lately?

Cheers.

EDITED - just entered

SOLD G/U @ 1.6314 (SL@ 1.6428 TP target is 1.6200). Will move SL with 1hr kumo top. R:R ratio is 1:1. Account equity at risk on this trade 0.5%
Looks like it hit a support line on the bottom but will see what happens. If it goes back past that down trendline then might not be in too good shape.

Recently, I have been mainly trading the 1hr timeframes and it's going well.
I don't know why I struggle with the 5min entries but I did - perhaps I can see the SR easier when only concentrating on the 1hr, 4hr, and Daily.
I've also cut down the number of pairs I look at, which is helping a lot.
  • #5,669
  • Oct 28, 2009 8:07am Oct 28, 2009 8:07am
UPDATE

SOLD G/U @ 1.6314 (SL@ 1.6472 TP target is 1.6200). Will move SL with 1hr kumo top.

1307GMT
SL moved to 1.6368.
  • #5,670
  • Oct 28, 2009 8:09am Oct 28, 2009 8:09am
im with u guys on this one . I had pending sell order at 1.6361 , but decided to enter now , after price almost touched Ks , with this new 1h candle .

P.S. 4x how u doin man ? Long time no see
Attached Image (click to enlarge)
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  • #5,671
  • Edited 8:42am Oct 28, 2009 8:26am | Edited 8:42am
Quoting 4xAddict
UPDATE

SOLD G/U @ 1.6314 (SL@ 1.6472 TP target is 1.6200). Will move SL with 1hr kumo top.

1307GMT
SL moved to 1.6368.
You moving the SL with the top of the future kumo + a small buffer?
I have mine a bit higher at the 1.64 region though the price action is not looking good at present (possibly the news out for USD though in theory that should have made the USD stronger).
  • #5,672
  • Oct 28, 2009 8:52am Oct 28, 2009 8:52am
Quoting 4xAddict
UPDATE

SOLD G/U @ 1.6314 (SL@ 1.6472 TP target is 1.6200). Will move SL with 1hr kumo top.

1307GMT
SL moved to 1.6368.
So, what do you reckon?
Looks like a fairly strong support line but most of that move was news related.
In theory, we could have waited until a close past the recent low but that misses out on a lot of pips and would have been a poor R:R place to enter.

GJ is in a similar position approaching the 1hr Ks.

Edit: I've been stopped out now as well.
Attached Image (click to enlarge)
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  • #5,673
  • Oct 28, 2009 9:32am Oct 28, 2009 9:32am
Long EUR/CAD anyone? USD/CAD wouldn't be all that bad either.
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  • #5,674
  • Oct 28, 2009 9:50am Oct 28, 2009 9:50am
Quoting kharvell
Long EUR/CAD anyone? USD/CAD wouldn't be all that bad either.
That's weird. On MT4, the candle hasn't even closed outside of the kumo yet whereas your chart shows it outside.
But yes otherwise.
  • #5,675
  • Oct 28, 2009 10:07am Oct 28, 2009 10:07am
Quoting SanMiguel
That's weird. On MT4, the candle hasn't even closed outside of the kumo yet whereas your chart shows it outside.
But yes otherwise.
he use diferent settings ichi
Number of Days without an idiotic request: 0
  • #5,676
  • Oct 28, 2009 10:43am Oct 28, 2009 10:43am
Quoting kharvell
Long EUR/CAD anyone? USD/CAD wouldn't be all that bad either.

Kevin and Warriors --

On EC H1 the bar is almost down to the flat kumo at 1.584 plus on the H3 [oanda platform] the price is around the K-s.

Bounce time? Most other factors point up.

Oh, sorry, my Oanda settings match Kevin's so slightly faster than the 9.26.52 most use on MT4.

Best, Dave
  • #5,677
  • Oct 28, 2009 11:35am Oct 28, 2009 11:35am
Quoting SanMiguel
So, what do you reckon?
Looks like a fairly strong support line but most of that move was news related.
In theory, we could have waited until a close past the recent low but that misses out on a lot of pips and would have been a poor R:R place to enter.

GJ is in a similar position approaching the 1hr Ks.

Edit: I've been stopped out now as well.
Hi SM,

Tightened the stop based on the resistance on the attempt to break and hold 1.6300.

I still think there is a valid case for a sell on the G/U. 1HR shows a strong 100 pip channel having formed and the 4hr has what is beginning to look like a large head & shoulders pattern nearing completion. May have pulled the trigger too early on this one but I think we're right and I am waiting on another candle close below 1hr kumo. The 1hr kumo thickness indicates the market isn't quite sure at the moment though so we may need to wait for the price action to clear the kumo on the 4hr chart to get the support it's looking for.

Regarding MM, that is why I tightened the SL as it just wasn't running like the GBP pairs usually do when they make their minds up. Given how much the kumo has dropped from earlier today I think there will be a great R:R trade on when the move finally breaks.

EUR/CHF trade still open, currently +10pips

Cheers,

4x.
  • #5,678
  • Edited 12:05pm Oct 28, 2009 11:39am | Edited 12:05pm
Quoting kharvell
Long EUR/CAD anyone? USD/CAD wouldn't be all that bad either.
Hi Kevin,

I am looking at this trade as well. Using the standard ichi settings I will need to wait for the next candle to close above however it has the makings of a great trade.

EDITED - I just zoomed in and the latest candle provided it remains bullish will close above the kumo so I will enter on the new candle in 16mins.

EDIT 2 - current candle is can no longer close outside kumo. Will watch from the sidelines at the moment.

Glad you have joined the thread by the way. I have been away on business for a few weeks but have caught up on your work and it's great to see another person giving their time to help others develop their trading.

Nice work!

Cheers.
  • #5,679
  • Oct 28, 2009 12:01pm Oct 28, 2009 12:01pm
Quoting calderone
Thought I would post this for you to evaluate, I would not believe everything I see. Maybe put it on your demo and see if it is any good. The coder is a genius but where money is concerned....lol

Cheers!
Mike

Please use this as an educational tool and not a crutch.
Hi Mike, have you use this alert? does it work? how many percentage and what time frame is best? Thank you. And what are the pros and cons too.
  • #5,680
  • Oct 28, 2009 12:13pm Oct 28, 2009 12:13pm
Quoting 4xAddict
Hi Kevin,

I am looking at this trade as well. Using the standard ichi settings I will need to wait for the next candle to close above however it has the makings of a great trade.

EDITED - I just zoomed in and the latest candle provided it remains bullish will close above the kumo so I will enter on the new candle in 16mins.

EDIT 2 - current candle is can no longer close outside kumo. Will watch from the sidelines at the moment.

Glad you have joined the thread by the way. I have been away on business for a few weeks but have caught up on your...
It's a flat kumo so we might get a retrace but I suppose you have to enter at that point anyway for the times it breaks clear straight away?
Besides, if it returns to the kumo and we see a solid bounce then to me that would indicate a point to perhaps add onto the trade as it is extra confirmation.
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