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Ichimoku forever

  • #5,741
  • Oct 29, 2009 10:29pm Oct 29, 2009 10:29pm
I am still in the party

Quoting vic_elc
any one was in the party ??!!
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  • #5,742
  • Oct 29, 2009 10:31pm Oct 29, 2009 10:31pm
Quoting Javed
I am still in the party
me to still drinking some beer
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  • #5,743
  • Oct 29, 2009 10:39pm Oct 29, 2009 10:39pm
Quoting vic_elc
Long EUR USD
Vic,

Could you please explain, why it will Long ?
The price is still under the could , only SpanA cross SpanB , SpanA going up.


Thanks.
Best Regards,
- utpala -
  • #5,744
  • Oct 29, 2009 10:44pm Oct 29, 2009 10:44pm
Quoting utpala168
Vic,

Could you please explain, why it will Long ?
The price is still under the could , only SpanA cross SpanB , SpanA going up.


Thanks.
Best Regards,
- utpala -
which cloud u r speaking about the price is under it ??!!
can you please show a chart
  • #5,745
  • Oct 29, 2009 10:47pm Oct 29, 2009 10:47pm
How did you enter so early?

Quoting vic_elc
me to still drinking some beer
  • #5,746
  • Oct 29, 2009 10:55pm Oct 29, 2009 10:55pm
Quoting Javed
How did you enter so early?
if you are asking about the signal as i understand, i think if you looked in the 30mins chart you will notice it was very encouraging with the 1hr Kumo break the trend was supposed to resume it did but it did explode hehe

enjoy
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  • #5,747
  • Oct 29, 2009 11:01pm Oct 29, 2009 11:01pm
Not a very strong signal in my opinion. There is a flat Kumo on the 1H chart which might attract the price.

There might be a long break but price might retrace a good amount before.



Quoting vic_elc
Long EUR USD
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  • #5,748
  • Oct 29, 2009 11:05pm Oct 29, 2009 11:05pm
Quoting antonioforex
Not a very strong signal in my opinion. There is a flat Kumo on the 1H chart which might attract the price.

There might be a long break but price might retrace a good amount before.
this is why my SL is below the flat line and even Ks, my money is able to take this risk, even if i got stopped out my account will not be hurt
it is only a matter of the ability to risk or not to risk
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  • #5,749
  • Oct 29, 2009 11:06pm Oct 29, 2009 11:06pm
gotcha

Quoting vic_elc
this is why my SL is below the flat line and even Ks, my money is able to take this risk, even if i got stopped out my account will not be hurt
it is only a matter of the ability to risk or not to risk
{Promotion Removed}
  • #5,750
  • Oct 30, 2009 12:45am Oct 30, 2009 12:45am
Quoting vic_elc
this is why my SL is below the flat line and even Ks, my money is able to take this risk, even if i got stopped out my account will not be hurt
it is only a matter of the ability to risk or not to risk
It's a matter of whether you take the immediate cloud break or whether you trade more conservatively and wait for price to retrace and you get a kumo bounce.
If you trade more conservatively, yes, you may get in at a better price, and therefore increased trade size for the same SL, but you may miss the move altogether - it is a personal choice.
  • #5,751
  • Oct 30, 2009 12:59am Oct 30, 2009 12:59am
Quoting SanMiguel
It's a matter of whether you take the immediate cloud break or whether you trade more conservatively and wait for price to retrace and you get a kumo bounce.
If you trade more conservatively, yes, you may get in at a better price, and therefore increased trade size for the same SL, but you may miss the move altogether - it is a personal choice.
my thoughts about leaving the chance to win or to lose for my personal choice is very dangerous, a well set MM and RM following a trusted signal like the ones ichimoku provides, set the correct TF with relation to each pair move ( fast slow ), trust your MM RM and signal. Trade it and the job will be done

i need all of you to consider all the strategies can be used from ichimoku as a trade plan and just needs the correct RM and MM

good luck all
  • #5,752
  • Oct 30, 2009 1:00am Oct 30, 2009 1:00am
Hi vic,

May i ask you what type of money management & risk and reward u apply?

need some suggestion about this question.

new to forex

thank you
  • #5,753
  • Oct 30, 2009 1:01am Oct 30, 2009 1:01am
Quoting vic_elc
this is why my SL is below the flat line and even Ks, my money is able to take this risk, even if i got stopped out my account will not be hurt
it is only a matter of the ability to risk or not to risk
vic, at the time of entry, what did the kumo future look like on this?
I know it is bullish now.
Do you take into account the future kumo or are you simply trading cloud exits?
  • #5,754
  • Oct 30, 2009 1:15am Oct 30, 2009 1:15am
Quoting SanMiguel
vic, at the time of entry, what did the kumo future look like on this?
I know it is bullish now.
Do you take into account the future kumo or are you simply trading cloud exits?
i see the complete picture ichimoku provides from all the time frames, i simply use a mix of all signals on each TF to decide my entry.
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  • #5,755
  • Oct 30, 2009 4:11am Oct 30, 2009 4:11am
Quoting vic_elc
Hello

I’ll give you a brief example might help you managing you risk and money.

Assume you have an account with 100$, your risk shall not be more than 2.5% = 2.5$
This 2.5$ is to be divided into several position .the SL is depending on whatever the system you use tells you , Ichimoku said that the SL is the other side of the kumo , but any way let’s forget about the system and see how great it is when dividing your risk on small positions.
Let’s say that we have divided the 2.5% into 5 positions with fixed Risk: Reward 1:1 means that SL is -50...
Hi Vic,

Your MM & RM really impresive, following are few things which I can't understand and also need your help to cfm.

If you are taking 2.5% risk at any point in time & open 5 difference currency pairs. So each trade, you risk 0.5%. The position size for all these 5 pairs will be difference depending on each pair SL, am I right to say that ?

If you place SL beyond the Span B, I realize most of the time the SL can be very big. Am I right to say that ?

You place your SL in future kumo span B or did you plave your SL directly above/below your rntry price ?

Looking forward to hear from you. Thankyou.
  • #5,756
  • Oct 30, 2009 6:34am Oct 30, 2009 6:34am
this CAD started to look very promising
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  • #5,757
  • Oct 30, 2009 7:52am Oct 30, 2009 7:52am
Quoting vic_elc
this CAD started to look very promising
Yes,
I took half off at +100 pips and I will leave the rest to run, I will add on at any appropriate points if it goes further.
  • #5,758
  • Oct 30, 2009 10:26am Oct 30, 2009 10:26am
vic - do you hold trades over the weekend?
The safe way is to close and see what happens on the Sunday night opening in case the market gaps, then re-enter the trade at the price you closed at on Friday evening...
Any thoughts?
  • #5,759
  • Oct 30, 2009 12:11pm Oct 30, 2009 12:11pm
I got it today..........Vic rules!!!!!!!!!

Steve
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  • #5,760
  • Oct 30, 2009 12:22pm Oct 30, 2009 12:22pm
Hey Guys

I use 3 methods with Itchi

The 1h/4h crossover, with Higher TF confirming trend

1h/4h Ts or Ks or Kumo bounce with the trend, with Higher TF confirming trend (similar to kevin's method)

1h/4h Kumo breakouts, need to work on this, having a few more losing trades.

Last week I made a real easy, low stress +150 pips
This week I have taken more trades following my rules exactly and lost -200 pips.

Im sticking to my rules and I have good MM and R:R but lost a little confidence.

Need a little help on the Kumo breakouts I think, especially when it seems to go against the trend
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