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Ichimoku forever

  • #5,861
  • Nov 3, 2009 7:33am Nov 3, 2009 7:33am
Thanks, I was just demo trading to gain more feeling on Ichi. Just want to learn the way Bull and Vic showed with divengence bar.

waiting for strong KS/TS cross in Daily Chart might be not realistic. these kind of signal might be just a few. what you do if you miss them?


Quoting antonioforex
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."
  • #5,862
  • Edited 9:33am Nov 3, 2009 9:19am | Edited 9:33am
CHFJPY and EURJPY have come back to the 30min Ks now. If there is a close below the Ts, would anyone consider an add-on trade? The safest way of course is to wait for a return to the kumo area again and trade from there, that gives the best R:R if the stop is always behind the kumo but misses out on some strong trends.
I may wait for the 1hr Ks as that is better confirmation of a retrace for me...
These are the 2nd half of my earlier trades still left open.
CHFJPY currently at +60
EURJPY currently at +80

USDJPY is another that I am keeping my eye on at present.
Attached Image (click to enlarge)
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  • #5,863
  • Nov 3, 2009 9:51am Nov 3, 2009 9:51am
Quoting SanMiguel
CHFJPY and EURJPY have come back to the 30min Ks now. If there is a close below the Ts, would anyone consider an add-on trade? The safest way of course is to wait for a return to the kumo area again and trade from there, that gives the best R:R if the stop is always behind the kumo but misses out on some strong trends.
I may wait for the 1hr Ks as that is better confirmation of a retrace for me...
These are the 2nd half of my earlier trades still left open.
CHFJPY currently at +60
EURJPY currently at +80

USDJPY is another that I am keeping my...
Hey San,

Whats the objective...short term or long term.
  • #5,864
  • Nov 3, 2009 10:03am Nov 3, 2009 10:03am
Quoting golferfx
Hey San,

Whats the objective...short term or long term.
Well, all my trades are with the Daily and H4 trends so I'm hoping to hold them medium term. However, I usually close 50% at the nearest S/R area and those are the short term half of the trade to take some profit.
To me, it seems the best R:R points are trades originating from the kumo. However, EURCAD 1hr from the end of Oct, is a perfect example of how Ks bounces could be used to add on to existing trades. The risk of course, is that your additional trade is stopped out cancelling the profit from your original trade.
  • #5,865
  • Nov 3, 2009 10:09am Nov 3, 2009 10:09am
Quoting SanMiguel
Well, all my trades are with the Daily and H4 trends so I'm hoping to hold them medium term. However, I usually close 50% at the nearest S/R area and those are the short term half of the trade to take some profit.
To me, it seems the best R:R points are trades originating from the kumo. However, EURCAD 1hr from the end of Oct, is a perfect example of how Ks bounces could be used to add on to existing trades. The risk of course, is that your additional trade is stopped out cancelling the profit from your original trade.

Medium term like 85.50 chfjpy
130. eurjpy

Yea...I like that thinking.

Go for it!
  • #5,866
  • Nov 3, 2009 10:52am Nov 3, 2009 10:52am
Quoting dreamtheater
philipo bro, tell us please a little bit more about this, combination 4h, 1d, 1w.
Note that price action gives you the psych of traders. The higher the time frame the stronger the sentiment. So 4h especially 1d and 1w gives you a stronger view of a trend. Then, you have less noise. The only draw back is that when there is trend reversal, you will likely not know on time. Well If you are a trend trader you should be ready to sacrifice some pips, because you don't try to guess a change in trend you confirm a trend is on and jump on the trend and ride on it till the sentiment changes, While that is happening you look for confirmation, thereby loosing some pips. And Ichimoku gives you all these. If you stick to Ichi rules, you can ride a trend a long time getting 700 to 1000s of pips(I got over 500 twice last month). This is how I trade. I look for signal on 4hrs, then check daily & weekly if the trend is in my favor. (some times the weekly mght not be but it is far away from the kumo/Ks/Ts). If I must trade daily the weekly trend must be in my favor. If everthing is right, I jump in. If there is somthing else I have not explained here let me know. My trade personality suites these time frames. Since I started, I have been doing well. I have been crossing 100s of pips which I never got using lower time frames. I only set stop loss. I don't set profit. I allow Ichi to tell me to get out.
  • #5,867
  • Nov 3, 2009 11:06am Nov 3, 2009 11:06am
I don't set profit. I allow Ichi to tell me to get out.[/quote]



Good phil...a true trend follower!!!
  • #5,868
  • Nov 3, 2009 11:54am Nov 3, 2009 11:54am
Quoting golferfx
Medium term like 85.50 chfjpy
130. eurjpy

Yea...I like that thinking.

Go for it!
PA is a bit swingy at the moment so I've decided to leave it and not increase my risk at present. I'll take a trade nearer the kumo if it keeps moving in my favour.
  • #5,869
  • Nov 3, 2009 12:49pm Nov 3, 2009 12:49pm
Evening Guys

Could anyone give some advice on USDJPY?
  • #5,870
  • Nov 3, 2009 1:16pm Nov 3, 2009 1:16pm
Quoting ichidakiller
Evening Guys

Could anyone give some advice on USDJPY?
On 1hr price is ranging and narrowing forming a symetrical triangle. On 4hr Price is under the kumo (bearish). On daily price is bearish is hanging on the ks flat line which is serving as a resistance, even on 1hr. Looking for price to break down and ts crosses ks and the candles closses below. wkly Tf is bearish as well. Lets watchout and see what happens. We will need to wait for a while patience and discipline is the key. Most likely it would be a big move as a result of the big cloud. If this does not happen look elsewhere. For those who know how to trade channel should expect a break down the triangle on 1hr. For me, I will wait for the daily ts/ks cross.
  • #5,871
  • Nov 3, 2009 1:29pm Nov 3, 2009 1:29pm
Quoting philipo
On 1hr price is ranging and narrowing forming a symetrical triangle. On 4hr Price is under the kumo (bearish). On daily price is bearish is hanging on the ks flat line which is serving as a resistance, even on 1hr. Looking for price to break down and ts crosses ks and the candles closses below. wkly Tf is bearish as well. Lets watchout and see what happens. We will need to wait for a while patience and discipline is the key. Most likely it would be a big move as a result of the big cloud. If this does not happen look elsewhere. For those who know...
Spot on, Thanks for this, helped me a lot and confirmed what I had been thinking myself, Great reply and analysis

Thanks
  • #5,872
  • Edited 1:52pm Nov 3, 2009 1:30pm | Edited 1:52pm
Quoting SanMiguel
CHFJPY and EURJPY have come back to the 30min Ks now. If there is a close below the Ts, would anyone consider an add-on trade? The safest way of course is to wait for a return to the kumo area again and trade from there, that gives the best R:R if the stop is always behind the kumo but misses out on some strong trends.
I may wait for the 1hr Ks as that is better confirmation of a retrace for me...
These are the 2nd half of my earlier trades still left open.
CHFJPY currently at +60
EURJPY currently at +80

USDJPY is another that I am keeping my eye...
Well, that's the 2nd 50% of EJ and CHFJ stopped out at b/e. I will be looking for a re-entry under the right conditions.
Now I could have left the stop on this in it's original place instead of moving to b/e but the trades were far in the +pips at one stage. Perhaps I should have taken the re-crossing of the Ks as a bad sign?
  • #5,873
  • Nov 3, 2009 1:53pm Nov 3, 2009 1:53pm
Quoting SanMiguel
Well, that's the 2nd 50% of EJ and CHFJ stopped out at b/e. I will be looking for a re-entry under the right conditions.
Would you say a close under the 4h Ks on eurjpy would be a good sell? or is the daily which is trying to close in the Kumo a warning sign?
  • #5,874
  • Nov 3, 2009 1:59pm Nov 3, 2009 1:59pm
Quoting ichidakiller
Would you say a close under the 4h Ks on eurjpy would be a good sell? or is the daily which is trying to close in the Kumo a warning sign?
I think as it is just at the bottom of the kumo, it may be ok. The warning sign is the bounce from the support area on H4. I'll still take a 30min Ts/Ks cross if applicable and if CS stays below price curve but I'm not entering unless I get a Ts/Ks cross at present.

GJ looks poised for which I will await a 30min cross as well.
  • #5,875
  • Nov 3, 2009 2:45pm Nov 3, 2009 2:45pm
Hi Vic. Nice to have you around. If I may ask, what opportunities can you see on your trade platform
  • #5,876
  • Nov 3, 2009 4:55pm Nov 3, 2009 4:55pm
Several of us have been impressed with Philipo's great results trading Ts-Ks crosses anywhere on the chart in higher TFs: H4, D and (gulp) possibly W.

When he enters it is always with the trend of the higher TFs.

This is a little test for me to check my understanding of your approach.

Take UCd --
Weekly: strong down trend (no surprise there)
Daily: grinding down since early July and just bounced down off the lower kumo

so far so good, then

H4: we are very close to a X on this TF around 1.0750.

Issues:
1) price is 90 pips below the potential X point
2) price has arrived at the upper edge of the kumo on H4
3) current kumo is bullish
4) chikou has now gone bearish

The H4 issues gives me a sense of caution, BUT I don't see much about that in your posts.

In fact, the higher TFs say down, and H4 *may* soon cross down, too.

So, maestro Philipo, share your knowledge. Use this as a teaching case and share your thoughts.

Any others, maybe GU, worth a comment?

Best regards, Forest
  • #5,877
  • Nov 3, 2009 5:00pm Nov 3, 2009 5:00pm
Quoting Forest-Sea
Several of us have been impressed with Philipo's great results trading Ts-Ks crosses anywhere on the chart in higher TFs:...
I'm interested in the actual technicals of above but a word of warning...2 words of warning...NFP Friday - . I wouldn't be getting into any long term trades on USD pairs unless I could get my stop to break even on Friday morning and even that's a risk due to slippage if the trade were to be stopped out. Expect a 100+pip move in any direction when that report is released. Same goes for any £ pairs with the BoE interest rate meeting on Thursday.
  • #5,878
  • Nov 3, 2009 5:29pm Nov 3, 2009 5:29pm
Quoting SanMiguel
I wouldn't be getting into any long term trades on USD pairs unless I could get my stop to break even on Friday morning and even that's a risk due to slippage if the trade were to be stopped out. Expect a 100+pip move in any direction when that report is released. Same goes for any £ pairs with the BoE interest rate meeting on Thursday.
Cheers, and a great reminder a day or two out from these potentially ugly events for unwary traders.

Thanks, Forest
  • #5,879
  • Nov 3, 2009 5:34pm Nov 3, 2009 5:34pm
Quoting philipo
Note that price action gives you the psych of traders. The higher the time frame the stronger the sentiment. So 4h especially 1d and 1w gives you a stronger view of a trend. .................
Hey philipo, thank you for your perfect answer. With my previous question I wanted to know little more about TS/Ks cross on the 4h chart, because you told us you take every TS/Ks cross on 4h, no matter if it's strong or weak.
What i have understood until now is that this cross must be in the direction of the 1D and 1W chart (am I right?)
By the way very very rear it can be seen a strong TS/Ks cross on daily and weekly charts.
Have a profitable week !
  • #5,880
  • Nov 3, 2009 7:15pm Nov 3, 2009 7:15pm
Hey vic,

You thinking of buying the EurGbp???? .8840 maybe??

What do ya think.

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