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Ichimoku forever

  • #5,841
  • Nov 2, 2009 5:02am Nov 2, 2009 5:02am
Currently waiting for a 30min cross short for the GJ.
Daily, H4, H1 trends are down.
Daily shows some nice bounces off kumo resistance.
4hr is about to exit the cloud.
1hr shows a retrace to the Ks, then a close below the Ts.
Those trading shorter timeframes could have probably already taken an entry but I want to see what happens with the £ after the morning's news reports.
  • #5,842
  • Nov 2, 2009 6:37am Nov 2, 2009 6:37am
Update: This trade was stopped out.

Seems it is better to combine the KS support/resistance and Divengen bar. For this trade, since it break KS, should wait it till Kumo bounce and then apply Div bar.

-----------------------------------

Quoting antonioforex
Obviously a bullish divergence on the daily....
  • #5,843
  • Nov 2, 2009 10:35am Nov 2, 2009 10:35am
Quoting SanMiguel
Currently waiting for a 30min cross short for the GJ.
Daily, H4, H1 trends are down.
Daily shows some nice bounces off kumo resistance.
4hr is about to exit the cloud.
1hr shows a retrace to the Ks, then a close below the Ts.
Those trading shorter timeframes could have probably already taken an entry but I want to see what happens with the £ after the morning's news reports.
Hi SM,

The G/Y trade is starting to look more inviting for entry short now given the decent resistance seen on the 4hr chart where the KS and kumo base intersect.

Keeping an eye out for direction from the rest of NY to decide whether it is time for an entry.

Cheers.
  • #5,844
  • Nov 2, 2009 11:23am Nov 2, 2009 11:23am
Quoting 4xAddict
Hi SM,

The G/Y trade is starting to look more inviting for entry short now given the decent resistance seen on the 4hr chart where the KS and kumo base intersect.

Keeping an eye out for direction from the rest of NY to decide whether it is time for an entry.

Cheers.
Same with EJ I guess you could say. Bounce from the H1 kumo, which is also the H4 Ks. Daily trend has been ranging for a while so this might not be a long term trade.
  • #5,845
  • Nov 2, 2009 11:35am Nov 2, 2009 11:35am
I hope you didn't take that trade just because of a daily divergent candle. If you read my post carefully you'd wait for a strong KS TS cross.

Here it is again:

"Obviously a bullish divergence on the daily. I'd wait for a bullish cross on the 4h or the 1h chart. I'd never make a trade decision purely based off of a daily chart, because you can easily make a wrong decision or the market might go 100 or so pips against you before it starts going your way. That's why I'd manage my trade on the lower TF."

Quoting henryloving
Update: This trade was stopped out.

Seems it is better to combine the KS support/resistance and Divengen bar. For this trade, since it break KS, should wait it till Kumo bounce and then apply Div bar.

-----------------------------------
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  • #5,846
  • Nov 2, 2009 12:20pm Nov 2, 2009 12:20pm
Quoting SanMiguel
Same with EJ I guess you could say. Bounce from the H1 kumo, which is also the H4 Ks. Daily trend has been ranging for a while so this might not be a long term trade.
Wishing I took that EJ short now
Missed 100 pips.
  • #5,847
  • Nov 2, 2009 12:46pm Nov 2, 2009 12:46pm
Hi Guys,

Just to let you know, on top of this being a Non Farm Payroll Week,
Which always makes trading a little nuts, it is also an Election Week here in the USA.

03 November 09 we go to the polls and who knows.

So any way the US market is at least 3 fries short of a Happy Meal.
fxScavenger Arrogance is just Ignorance misspelled. abso-PIPn-lutely
  • #5,848
  • Nov 2, 2009 1:32pm Nov 2, 2009 1:32pm
Quoting ichidakiller
Philipo I think Im in
.

Hi. I had problem load this site and some others for the past two days. Thanks responding.
  • #5,849
  • Nov 2, 2009 1:41pm Nov 2, 2009 1:41pm
Quoting dreamtheater
Hi philipo, yesterday I took a long trade position with the kumo break on 1H EUR/USD, the setup looked gut but I suffered a loss. The SL was below the kumo. The trend on 1D is up, but on 4H was down, thats why it's very risky this approach. I must really stick more the signals on 15m, 30m, 1h, 4h, 1d timeframes.
Hey man I had problems with my ISP so could not respond. I agree with you. I saw it and did not take the trade. You know what? If you stick to the rules especially on 4hrs and daily TF though few trades, you will hit some big time moves like I did on two occasions making over 700 and 500pips in 6days.

Cheers man
  • #5,850
  • Nov 2, 2009 1:57pm Nov 2, 2009 1:57pm
Quoting ichidakiller
Thanks San

Looking back at my trades this week most of the losing ones where indeed against the trend, ie strong 1h Kumo breaks, I think from next week I will not place any trade that is against the 4h/daily trend and see how I go

It would be interesting to know your own personal methods on Ichi and if you are getting much success, I do belive strongly in the cross as per Vics rule at the beginning of this thread, but I trade 1h and above and there just does not seem to be enough trades to satisfy my need
.

Apart from the strong signal, I trade ts/ks cross on all currencies on 4hrs/daily TF anywhere I find it above/below the cloud where the trends are fully estabished on daily and price is above/below kumo on wkly TF. If you try this you will find more trades. Success rate have been above 85%
  • #5,851
  • Nov 2, 2009 4:00pm Nov 2, 2009 4:00pm
Quoting philipo
.

Apart from the strong signal, I trade ts/ks cross on all currencies on 4hrs/daily TF anywhere I find it above/below the cloud where the trends are fully estabished on daily and price is above/below kumo on wkly TF. If you try this you will find more trades. Success rate have been above 85%
philipo bro, tell us please a little bit more about this, combination 4h, 1d, 1w.
  • #5,852
  • Nov 3, 2009 12:14am Nov 3, 2009 12:14am
Quoting SanMiguel
Wishing I took that EJ short now
Missed 100 pips.
Hi SM,

Your analysis was really solid, should be more confident in backing yourself

From experience if my immediate reaction to a chart is that "hey that looks like a winner", it is amazing how often I am correct however the normal tendency to question your logic and second guess yourself can easily get the better of you!!

I see it as a good short and got in at 148.30. There is a line of resistance on the 4hr as illustrated on the attached pic as well so we have a number of signals overlapping and suggesting that this is a decent play.

Previous resistance
TS/KS cross
Kumo break

Keep up the great work mate, your logic is good!!

Cheers,

4x.

EDITED - please excuse the demo account trade list in this screen shot. It's unrelated.
Attached Image (click to enlarge)
Click to Enlarge Name: gy 4hr.gif Size: 83 KB
  • #5,853
  • Edited 3:17am Nov 3, 2009 2:55am | Edited 3:17am
Quoting 4xAddict
Hi SM,

Your analysis was really solid, should be more confident in backing yourself

From experience if my immediate reaction to a chart is that "hey that looks like a winner", it is amazing how often I am correct however the normal tendency to question your logic and second guess yourself can easily get the better of you!!

I see it as a good short and got in at 148.30. There is a line of resistance on the 4hr as illustrated on the attached pic as well so we have a number of signals overlapping and suggesting that this is a decent...
True
I took one of the other JPY pair trades instead as I missed the GJ one.
EURJPY closed half on +60pips (30min cross and kumo exit)
CHFJPY closed half on +50pips (30min cross and kumo exit)
  • #5,854
  • Nov 3, 2009 3:48am Nov 3, 2009 3:48am
guys what u think about gbpusd h4 chart?
Number of Days without an idiotic request: 0
  • #5,855
  • Nov 3, 2009 4:28am Nov 3, 2009 4:28am
157 pips; self explanatory.

S
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gj 1h.gif Size: 56 KB
Click to Enlarge Name: gj day.gif Size: 58 KB
  • #5,856
  • Nov 3, 2009 5:31am Nov 3, 2009 5:31am
Please post your losses so we can learn from them. No one wins all the time...no one.

Lessons on this post:
1. Good 1h chart but consider 4h price below its kumo and touching 4h ks strong down trend warning.

2. No one; please don't be fooled by me or anyone else posting...no one knows what will happen next. You can't prevent losses. This Eu could just as much go up as go down.

3. There are lots of smaller targets for nice trades. I picked a big tp partly because I've been winning big lately. If I'd picked the 1h consolidation above my entry I'd had 25 pips of profit to choose a target within but the sl would have felt too close placed below the 1h kumo needed to satisfy proper RM.

4. Never...never...never move your stoploss. Spend intelligent time determining it. tp must be at least equal to sl so I could have spent a little more time determining that there wasn't a suitable target 97 pips away which is where I felt my initial sl needed to be.

Let's learn together.........please be painfully honest.

Steve

PS: I posted the Gj chart first to pre-feed my ego to post this foolish trade.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu.gif Size: 51 KB
Click to Enlarge Name: eu 4h.gif Size: 59 KB
  • #5,857
  • Nov 3, 2009 5:44am Nov 3, 2009 5:44am
this things are going crazy
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdchf.gif Size: 25 KB
Click to Enlarge Name: gbpusd.gif Size: 29 KB
Click to Enlarge Name: audusd.gif Size: 27 KB
  • #5,858
  • Nov 3, 2009 6:13am Nov 3, 2009 6:13am
Hey guys
Hi Vic...
sorry i havent been able to come on FF for the past month or so...
been in some messso havent really traded
anyhow... back in business... been a crazy month... but i wasnt a part of it... so it sux
Vic, u makin pips alright?
  • #5,859
  • Nov 3, 2009 6:30am Nov 3, 2009 6:30am
Quoting stevewide
Please post your losses so we can learn from them. No one wins all the time...no one.

4. Never...never...never move your stoploss. Spend intelligent time determining it. tp must be at least equal to sl so I could have spent a little more time determining that there wasn't a suitable target 97 pips away which is where I felt my initial sl needed to be.
I agree, a good weekly round up could be good but it takes time for people to prepare. Dragging the trade from metatrader account history to the screen can show the entry and exit points.
EURCAD was stopped out for me so far this week but the JPY pairs have been going well.

On point 4, moving the SL to break even and/or trailing by span B or Ks is ok. I assume you mean moving your SL further away than you first placed it?
  • #5,860
  • Nov 3, 2009 6:37am Nov 3, 2009 6:37am
Quoting SanMiguel
I agree, a good weekly round up could be good but it takes time for people to prepare. Dragging the trade from metatrader account history to the screen can show the entry and exit points.

On point 4, moving the SL to break even and/or trailing by span B or Ks is ok. I assume you mean moving your SL further away than you first placed it?
Thanks San:
I didn't know about dragging from history........kool.
Yes, I committed the sin of moving my sl.
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