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Ichimoku forever

  • #5,921
  • Nov 5, 2009 9:16am Nov 5, 2009 9:16am
Quoting philipo
Candle closes above the kumo which is flat on 4hrs TF and this coinsides with a flat ks line as well , Chikou span is above price, daily is bullish. Remember your risk management. 30mins TF is showing a ts/ks cross. What do you guys think?
The news probably caused that to trigger upwards.
I agree the trend looks bullish but I would want candles to close above the Ts again on the 30min.
Also, this is fine if you are going for a short term trade but there probably won't be a great deal of market movement tomorrow.
  • #5,922
  • Nov 5, 2009 9:24am Nov 5, 2009 9:24am
Quoting SanMiguel
The news probably caused that to trigger upwards.
I agree the trend looks bullish but I would want candles to close above the Ts again on the 30min.
Also, this is fine if you are going for a short term trade but there probably won't be a great deal of market movement tomorrow.
I wonder if the pair heads toward 1.5 again. If you look at 4hrs carefully, you can see an inverted Head and Shoulder formation. If you believe that, then the pair is trading close to or above the neckline.

My 2 cents.

Cheers
  • #5,923
  • Nov 5, 2009 9:31am Nov 5, 2009 9:31am
Quoting SanMiguel
The news probably caused that to trigger upwards.
I agree the trend looks bullish but I would want candles to close above the Ts again on the 30min.
Also, this is fine if you are going for a short term trade but there probably won't be a great deal of market movement tomorrow.
.

Thanks for your observation. I greatly appreciate it.
  • #5,924
  • Nov 5, 2009 9:50am Nov 5, 2009 9:50am
Quoting ichidakiller
Hey fxs

Yes the trade simulator is a great help, Im learning a lot how price reacts to the different ichi signals. A good 6 months of testing and I should be on my way....hopefully

I havent checked out the risk reward indicator yet, you have a link?

Thanks
Hey ichidakiller,

I thought I got it off this site but I can't find the post but here is the indicator. Once loaded you can double click on the Entry, SL & TP lines and slide them where you want and watch the RR self adjust.
Attached File(s)
File Type: mq4 Risk vs Reward Ratio.mq4   8 KB | 580 downloads
fxScavenger Arrogance is just Ignorance misspelled. abso-PIPn-lutely
  • #5,925
  • Nov 5, 2009 10:06am Nov 5, 2009 10:06am
Quoting ApuFx
I wonder if the pair heads toward 1.5 again. If you look at 4hrs carefully, you can see an inverted Head and Shoulder formation. If you believe that, then the pair is trading close to or above the neckline.

My 2 cents.

Cheers
Thanks for your contribution as well. The trade is based on purely ichi with my risk intact. You win most you loose less, with your RM intact your profit will grow
  • #5,926
  • Nov 5, 2009 10:14am Nov 5, 2009 10:14am
I am looking to enter the gbpusd again but will first look closely for a better entrance. I think it will try to retest the 1.6640 level.
{Promotion Removed}
  • #5,927
  • Nov 5, 2009 10:21am Nov 5, 2009 10:21am
hey guys what's your outlook of aud/nzd 1hr, 4hrs & daily tf?
  • #5,928
  • Nov 5, 2009 10:24am Nov 5, 2009 10:24am
EUR/JPY showing strong buy signal on 5 min chart with price currently at Senkou Span A line, allowing for tight SL placement......

Going long looking for 40 pips.....
  • #5,929
  • Nov 5, 2009 11:12am Nov 5, 2009 11:12am
Quoting philipo
hey guys what's your outlook of aud/nzd 1hr, 4hrs & daily tf?
It seems to me that most of the AUD pairs are in uptrend. And Aussie Central Bank has increased their rate as well. But if you look at the weekly chart, it seems to me that the pair is very extended. I assume at some point it has to come down.

But the AUD/NZD appears to be heading towards the triple top in the near future.

I wonder if it is a long-term play at this moment.

I would like other experienced folks to comment on this pair.

My 2 cents.

Cheers to all Ichi's
  • #5,930
  • Nov 5, 2009 12:15pm Nov 5, 2009 12:15pm
Quoting antonioforex
I am looking to enter the gbpusd again but will first look closely for a better entrance. I think it will try to retest the 1.6640 level.
Antonioforex,

I am also looking to get in around the same price and this idea is also supported by a reliable analyst over at dailyfx.com called Joel Krueger.

Keep up the good work, your analysis is spot on!

Cheers,

4x.

Below is an excerpt from the dailyfx site that you can find under their analysts picks section - http://www.dailyfx.com/analyst_picks/

***This is referenced from the aforementioned site for educational purposes only******

Site - Dailyfx.com
TECHNICAL STRATEGIST - JOEL KRUGER
Expertise: Technical Analysis

Trade Suggestion: SELL GBP/USD @1.6650
Average Time Frame of Trades: 1-3 Days

Trade Logic
Is in the process of consolidating the heavy setbacks seen on 23Oct after failing by formidable internal range resistance in the 1.6700 area. Any recovery rallies are now expected to be well capped in the 1.6500-6600’s, with a lower top sought out ahead of a fresh downside extension through next key support at 1.6240. Using a daily ATR (Average True Range) analysis, we project a potential high by 1.6655 today which we will be happy to sell into. Look for a break below initial support at 1.6400 to accelerate.

STRATEGY
SELL @1.6650 FOR AN OPEN OBJECTIVE; STOP 1.6810. RECOMMENDATION TO BE REMOVED IF NOT TRIGGERED BY NEW YORK CLOSE (5PM ET) ON THURSDAY.
  • #5,931
  • Nov 5, 2009 12:23pm Nov 5, 2009 12:23pm
Quoting ApuFx
Hi Ichidakiller,

I have seen a lot of your posts where you have mentioned you have been testing the currency pairs with the trade simulator.

Let's say, you are running the simulator on 1 hr TF.

Can you put all kinds of conditions such as say, TS/KS cross above Kumo, what are the conditions in at least Daily and 4hr TF at the moment of crossing without looking at higher TFs manually?

If you can put those conditions, it would be very good to build a system around the simulator.

Your comments would be highly appreciated.


Due...
Sorry didnt reply earlier was busy most of the day.

The simulator basically takes actual past Mt4 data from between the dates you ask for, it then plays it like a movie, you can adjust the speed the price moves at and even pause it, it then lets you place trades just like you would normally but with the bonus of speeding and slowing the price, because it is actual data you get a real good idea to how price reacts on certain pairs, obviously you load up the Ichi template so all your indicators are there as well.

The one floor it doesnt let you do is adjust between time frames, but if you use the itchi signal indicator you can see the higher TF's at a glance which works perfectly.

So you are basically trading ichi with past data but speeded up

I havent had a chance to do more testing but I hope to do a load this weekend

Take care

Ichi
  • #5,932
  • Nov 5, 2009 12:23pm Nov 5, 2009 12:23pm
Quoting fxScavenger
Hey ichidakiller,

I thought I got it off this site but I can't find the post but here is the indicator. Once loaded you can double click on the Entry, SL & TP lines and slide them where you want and watch the RR self adjust.
Brilliant thanks Fxs, Ill check this out
  • #5,933
  • Nov 5, 2009 12:27pm Nov 5, 2009 12:27pm
Quoting SanMiguel
Did you take the EURJPY bounce?
If not it's a bit too late now with the ECB conference coming up later.
Hey San

I didnt take the bounce, I am sitting back from the market till next week now

Hope you been pippin today
  • #5,934
  • Nov 5, 2009 1:57pm Nov 5, 2009 1:57pm
Quote

Originally Posted by fxScavenger http://cdn.forexfactory.com/images/buttons/viewpost.gif Hey ichidakiller,

I thought I got it off this site but I can't find the post but here is the indicator. Once loaded you can double click on the Entry, SL & TP lines and slide them where you want and watch the RR self adjust.

post 5939, page 390 shows a thread discussing this kool indy to practice MM and RM.

Steve
  • #5,935
  • Nov 5, 2009 5:25pm Nov 5, 2009 5:25pm
Quoting stevewide
post 5939, page 390 shows a thread discussing this kool indy to practice MM and RM.

Steve
Thanks Steve,

Good stuff.
fxScavenger Arrogance is just Ignorance misspelled. abso-PIPn-lutely
  • #5,936
  • Nov 5, 2009 7:42pm Nov 5, 2009 7:42pm
Quoting ichidakiller
Brilliant thanks Fxs, Ill check this out
Your Welcome.
fxScavenger Arrogance is just Ignorance misspelled. abso-PIPn-lutely
  • #5,937
  • Nov 5, 2009 7:45pm Nov 5, 2009 7:45pm
Is no one trading the Asian Session anymore? The silence is deafening.
fxScavenger Arrogance is just Ignorance misspelled. abso-PIPn-lutely
  • #5,938
  • Nov 5, 2009 8:50pm Nov 5, 2009 8:50pm
Hey vic,

I have started a new thread on futures trading (commodities thread)

I will be highlighting other products and simple S/R techniques to trade them.

Will also include ichi and simple ways to look at chart trading for longer term time frames.

Good luck guys/gals,

golfer
  • #5,939
  • Nov 6, 2009 3:10am Nov 6, 2009 3:10am
for those interested by my new indic ; I writed it yesterday =
crossing T/K on 4 consecutive TF ; i think it's useful & visual
(actual TF is below = the 4th line)
kinonen
Attached Image (click to enlarge)
Click to Enlarge Name: crosses tk kino4tf ichimoku.gif Size: 54 KB
Attached File(s)
File Type: ex4 kino_4TF_Ichimoku.ex4   7 KB | 495 downloads
  • #5,940
  • Nov 6, 2009 3:57am Nov 6, 2009 3:57am
my week is done
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu.gif Size: 25 KB
Click to Enlarge Name: gu.gif Size: 26 KB
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