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Ichimoku forever

  • #5,701
  • Oct 28, 2009 3:24pm Oct 28, 2009 3:24pm
Hi vic,
sorry but I am bit confused... Once, I wrote a question about what Ichi settings are guys on this forum using.. Answer was normal.... Thanks for that, but as far as I know, normal for ichi is 9,26,52 but anyway, some writers I ve seen was 7, 22,44...for forex only of course....
I tried both settings, there is no big diference...
So.. would u be so kind and write, what is normal for you vic?
Thanks a lot
  • #5,702
  • Edited 5:35pm Oct 28, 2009 3:32pm | Edited 5:35pm
Guys

i don't want you to be confused, i'll ask you to think about what i am providing as an MM & RM concept not a trading system , i never mentioned what was the signals i took on my trades in the demo account,what i am trying to show is that u can use this MM & RM with any kind of signal or system or whatever is the way you are working in , trending market ranging market .
the only thing i decided is to keep moving my SL with spanB , you can choose whatever signal to exit you can even set a TP . the point is to understand how to risk and manage our money.
again am sure that MM & RM are the key in this market

trade well all
  • #5,703
  • Oct 28, 2009 3:37pm Oct 28, 2009 3:37pm
Quoting vic_elc
any body wanna fight


Good job vic...we'll get you a job on wall street!!!

I do see some counter trends in there...keep those stops up to date...you will need them!!

Let'em run!!

  • #5,704
  • Oct 28, 2009 3:52pm Oct 28, 2009 3:52pm
Hi Ichi traders

I haven't had a chance to follow the thread much for the past several weeks so I was just wondering if anyone has managed to program an alert or something similar for when there is a cross of tenkan sen and kijun sen, and/or when the price crosses the kumo.

If it has been posted I would appreciate it if someone would tell me on which post is located.

thanks

fatmir
  • #5,705
  • Oct 28, 2009 4:45pm Oct 28, 2009 4:45pm
Quoting vic_elc
Guys...
Vic, many thanks for your efforts to teach us ! I want to ask you what TF Span B you are using to move the SL? And for entry a position do you use the 1H TF, or maybe a combination of the original 1 page strategy and some other rules?
Thanks and Greetings from Europe
  • #5,706
  • Oct 28, 2009 5:33pm Oct 28, 2009 5:33pm
Quoting dreamtheater
Vic, many thanks for your efforts to teach us ! I want to ask you what TF Span B you are using to move the SL? And for entry a position do you use the 1H TF, or maybe a combination of the original 1 page strategy and some other rules?
Thanks and Greetings from Europe
Hello Dream

thanks for your kind words
-i am moving my SL with the same TF's spanB of the entry.
-i use either the 1hr of 4Hrs for the entry according to the traded pair moving nature ( fast or slow )

-about the signal i think this something depends upon our personalities and how much we understand and feel the moves with Ichimoku , i am using a mix of ichimoku different strategies cause each pair has its own rules and moves . so its a matter of time and you will find out which signal you will follow

wishing you good trades
  • #5,707
  • Oct 28, 2009 6:01pm Oct 28, 2009 6:01pm
Hey Ichi traders,


We're getting that thrust that I thought we would get into the traffic area of 1.0800/1.0100.

Daily Dec. Crude is coming to reteset its breakout and if she holds and we see a reversal from that trend line we should see a nice move in oil and counter a drop in UsdCad.

We just need to sit on our hands and not get too ambitious...yet.

We still have a long way down I feel on all Usd pairs.

my 2 pips,

golfer
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  • #5,708
  • Oct 28, 2009 9:11pm Oct 28, 2009 9:11pm
Quoting vic_elc
hey kevin bro...
Hi vic and others,

If you are trading the way you are on a demo for experimental purposes, then by all means, I will be looking on with great interest. I simply spoke up for if you trade real money this way or if any other person here trades many, many pairs like this. Sharing experiences

May I bring up an old experiment of mine? So old it was 2007. I called it Pip Farming: An Experiment. It only lasted for 3 pages and one week. If nothing else, this little experiment of mine shall be considered amusing. At one point, in a week's time, I was up over 1300 pips. But I had one MAJOR flaw among others. I was over-correlated. Sure, during the good times, when I was right, I was doing AMAZINGLY. But the bad times were multiplied against me, too, and I ended up suffering.

Consider what I was trading: AUD/USD, NZD/USD, GBP/USD, EUR/USD, EUR/AUD, AUD/JPY. Lot's of USD and AUD. You can get lucky and pick all the right pairs at the right time and win big. But you can also get unlucky, pick all the wrong pairs at the wrong time and lose big. If you are thinking about risk, you should have a similar amount of risk for each currency, as opposed to risking more on a particular currency because a few pairs that are correlated show the good set-up.

Good luck,

Kevin

Quoting SanMiguel
It is true to some extent that as a trend following system, in theory, ichi will not provide the same results in a ranging market because price will oscillate up and down. However, out of all the pairs, there are usually a few showing strong trends and I'm guessing those are the ones to follow.
Of course, a ranging market can be dealt with by completely different tactics including SR, breaks and bounces, picking pairs with higher volatility entering trades taking 50% off and letting the other half run, etc. However, as at present, using the...
San Miguel,

Your bolded statement above, in my opinion, is one of the most important things to grasp about successful trading. Trade the pairs that look most promising. Why limit yourself by saying, "I will only trade these X pairs"?? Trade the BEST trends.

Best of luck,

Kevin
  • #5,709
  • Oct 28, 2009 10:44pm Oct 28, 2009 10:44pm
Has anybody found an EA that manages stops in Ichimoku, I am still trying to get my head around programming but some of you may have seen the cavemanager EA in another forum here in the Forex Factory. It would be nice to have the same idea with Ichimoku so that it could maintain a trailing stop on the edge of Kumo or one of the other indicaters, The EA does not have to open trades just manage the trade once opened closing all the position or part of it at the chosen indicator level if price reaches it.
  • #5,710
  • Oct 29, 2009 12:19am Oct 29, 2009 12:19am
Thanks Kharvell

Very good advice, Pair correlation is something that still confuses me slightly, But it is something I am trying to learn all the time.

I have a question for you Kevin, I remember you say you only really trade EURUSD, im just wondering what your thoughts on this pair are at the moment and if you have been trading it?

Thanks again for your time



Quoting kharvell
Hi vic and others,

If you are trading the way you are on a demo for experimental purposes, then by all means, I will be looking on with great interest....
  • #5,711
  • Oct 29, 2009 1:05am Oct 29, 2009 1:05am
Quoting vic_elc
Hello Dream

thanks for your kind words
-i am moving my SL with the same TF's spanB of the entry.
-i use either the 1hr of 4Hrs for the entry according to the traded pair moving nature ( fast or slow )

-about the signal i think this something depends upon our personalities and how much we understand and feel the moves with Ichimoku , i am using a mix of ichimoku different strategies cause each pair has its own rules and moves . so its a matter of time and you will find out which signal you will follow

wishing you good trades
Hi Vic,

If I'm not wrong, this is what I get (pls correct me if I'm wrong , or add some notes ... ) :

*) The most important is : MM & RM . Just put SL of about 2.5 % of total money in my account
*) Always set the SL level equal to Span B, moving it time to time
*) Using 1 Hr / 4 Hr Time Frame
*) We don't need to care about Pivot, Support & Resistance
*) We don't need to care about the trade Volume (sometimes the BIG player put a big amount to correct the market ... ... this is normally not good for statistical analysis)
*) We don't need to care about the pairs (EUR/USD, GBP/JPY, etc), any pair is accepted

Thanks.
- utpala -
  • #5,712
  • Oct 29, 2009 1:49am Oct 29, 2009 1:49am
Quoting dreamtheater
Vic, many thanks for your efforts to teach us ! I want to ask you what TF Span B you are using to move the SL? And for entry a position do you use the 1H TF, or maybe a combination of the original 1 page strategy and some other rules?
Thanks and Greetings from Europe
The importance of the span B presumably is that when the kumo changes from bullish to bearish or vice versa, you are trailing by the span with the sentiment of your entry.
For example, on a long entry, the future kumo should be bullish therefore span A above span B and you give your trade room to breathe. If at some point, the future kumo becomes bearish, the span B will crossover span A (B now above A) and you therefore gain a few extra pips if the stop loss is hit instead of trailing by the kumo itself.
  • #5,713
  • Oct 29, 2009 2:07am Oct 29, 2009 2:07am
i see the spanB as the limit of the trend , when the price closes above or below it the spanB will be able to hold it in the new direction for at least 24 Hrs and most of the time the price keep trending in the new direction
it is like the point of no turning back for any trend
my 2 cents
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  • #5,714
  • Oct 29, 2009 6:27am Oct 29, 2009 6:27am
Hi Vic and Kumo Warriors,
I want to thank you all for posting on this thread, it helped me a lot. I am watching Forex Factory for more than a year, (mostly for calendar) and this is my first posting. Ichimoku is new for me but it looks very powerful and complex. I am trading with demo and live account, and things are getting better since I found this thread and start to imply Ichi.

What do you think about AUD/JPY? Yesterday I used daily Kijun Sen as an exit (TP) and it made me some pips. Unfortunately I didn’t look at this chart before. At the moment weekly chart with Fibo and Ichi looks very interesting. If the price breaks daily KS I will probably go short.
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  • #5,715
  • Oct 29, 2009 6:45am Oct 29, 2009 6:45am
Hi...samer...
so are you going long GBPUSD?
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...
  • #5,716
  • Oct 29, 2009 7:13am Oct 29, 2009 7:13am
1 Hour chart looking like it may turn bearish pretty soon. Good luck!
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  • #5,717
  • Oct 29, 2009 7:27am Oct 29, 2009 7:27am
Quoting kharvell
1 Hour chart looking like it may turn bearish pretty soon. Good luck!
That EURCAD trade bugged out as well. Things picked up pretty dramatically after the USD GDP report.
If we close above the kumo then could go long again but the 1.59 looks to be strong resistance?
  • #5,718
  • Oct 29, 2009 7:39am Oct 29, 2009 7:39am
Quoting SanMiguel
That EURCAD tarde bugged out as well. Things picked up pretty dramatically after the USD GDP report.
Not giving up on this trade... Still up around 60 pips, but it had been higher.

1-hour ichimoku looks confused, but 3-hour looks fine. Even looks like support at KS, may be a good chance to buy. We will see
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  • #5,719
  • Oct 29, 2009 7:44am Oct 29, 2009 7:44am
any one was in the party ??!!
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  • #5,720
  • Oct 29, 2009 7:45am Oct 29, 2009 7:45am
Quoting kharvell
Not giving up on this trade... Still up around 60 pips, but it had been higher.

1-hour ichimoku looks confused, but 3-hour looks fine. Even looks like support at KS, may be a good chance to buy. We will see
What were your reasons for the BUY at that level out of interest?
I can see the 1hr kumo exit where I bought yesterday but price spiked below the 1hr flat top, which took me out.
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