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Ichimoku forever

  • #6,001
  • Nov 9, 2009 11:26am Nov 9, 2009 11:26am
Quoting fxScavenger
Hey Vic,

Congrats on your 400th.!!!
thanks bro looking for more 400
wishing you a nice week
  • #6,002
  • Nov 9, 2009 11:27am Nov 9, 2009 11:27am
Quoting recidiviste


recidiviste
Good luck
  • #6,003
  • Nov 9, 2009 12:13pm Nov 9, 2009 12:13pm
For me its been a wonderful day trading;

gbp/usd 80+ pips long
nzd/usd 89+ pips long
usd/cad 74+ pips short
nzd/cad 54- pips short

they are all still running. Hope to close them on a high.

Ichi is great.
  • #6,004
  • Nov 9, 2009 12:49pm Nov 9, 2009 12:49pm
philipo- Awesome!!


FXMEN Thanks for a GREAT THREAD! It's worth going thru the 400 pages

Vic- Congrats!!
  • #6,005
  • Nov 9, 2009 3:55pm Nov 9, 2009 3:55pm
i hope is not a false signal.
im afraid my emotions killing me once trading activated.
spread 10!
Attached Image (click to enlarge)
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  • #6,006
  • Nov 9, 2009 4:11pm Nov 9, 2009 4:11pm
Quoting jalibest
i hope is not a false signal.
im afraid my emotions killing me once trading activated.
spread 10!
wrong signal!
tenkan line crossing on 1 h &daily not in proper order og ichi.
But im stay at this trade as im really obey risking another 2% risk.
  • #6,007
  • Nov 9, 2009 7:50pm Nov 9, 2009 7:50pm
very appreciate MR.VIC Founder of this thread.

I think the best degree was looking ichimoku at w/d/4h/1h level together align with line direction.

MY OPINION.

Anyone can built are dashboard indicator showing these level with all pair in 1 window. It should be great.!!!!!!

HNNNMMM.....SHOULD BE GREAT.
SOMETIMES MY SILLY MISTAKE ARE COUNTERING BIG PERSPECTIVE OF ICHI.
  • #6,008
  • Nov 9, 2009 9:16pm Nov 9, 2009 9:16pm
Quoting vic_elc
Hi Vic,

Happy 400th, I think it will come the 500th in a few weeks
Thanks for your good system Vic ...

Regards,
- utpala -
  • #6,009
  • Nov 9, 2009 11:20pm Nov 9, 2009 11:20pm
Quoting jalibest
i hope is not a false signal.
im afraid my emotions killing me once trading activated.
spread 10!
Hi Jalibest,

That is quite a large spread. Unless there was a major market moving event right then you should question your broker about that.

That size blow out usually only happens between NY close and Asia open.

Check out www.dukascopy.com. This is the broker that I use.

On their main homepage there is a TV channel. If you scroll down there is a segment called spike controller. This shows what the real broker spreads should be as averages and maximums for the previous few hours of trading and is designed to allow other broker's customers to question them if they think the broker is pushing out spreads too far.

Cheers.
  • #6,010
  • Nov 9, 2009 11:56pm Nov 9, 2009 11:56pm
vic
You talked about MM and RM recently.
Since, the profit/loss is always calculated on the 2nd currency in a pair and then converted back at the appropriate rate for whatever currency your account is in, do you change your lot size depending on the pair?
It effectively means that 10pips are worth more/less on some pairs and could win/lose more.
  • #6,011
  • Nov 10, 2009 1:49am Nov 10, 2009 1:49am
Quoting SanMiguel
vic
You talked about MM and RM recently.
Since, the profit/loss is always calculated on the 2nd currency in a pair and then converted back at the appropriate rate for whatever currency your account is in, do you change your lot size depending on the pair?
It effectively means that 10pips are worth more/less on some pairs and could win/lose more.
hey San
good morning , yes you are correct i work on the lot size according to the risk , most of the time i make sure that the Position will not risk more than 2.5% of my account .
hope this did answer ur question

have a nice week
  • #6,012
  • Nov 10, 2009 1:52am Nov 10, 2009 1:52am
Quoting vic_elc
hey San
good morning , yes you are correct i work on the lot size according to the risk , most of the time i make sure that the Position will not risk more than 2.5% of my account .
hope this did answer ur question

have a nice week
Yes but because this changes depending on each currency, we should add something to the calculation. In spot forex, it is not simply 2.5% risk divided by the number of pips we are risking.
We need to put the exchange rates in there somewhere.
This is why we can lose more with EURGBP than with GBPUSD.
  • #6,013
  • Nov 10, 2009 1:54am Nov 10, 2009 1:54am
Quoting vic_elc
Good luck
Congratulations! 400 go go ichi
  • #6,014
  • Nov 10, 2009 2:01am Nov 10, 2009 2:01am
Quoting Joe GX
Congratulations! 400 go go ichi
Hello Joe

thanks Bro, wishing you a nice week
  • #6,015
  • Nov 10, 2009 2:10am Nov 10, 2009 2:10am
Quoting SanMiguel
Yes but because this changes depending on each currency, we should add something to the calculation. In spot forex, it is not simply 2.5% risk divided by the number of pips we are risking.
We need to put the exchange rates in there somewhere.
This is why we can lose more with EURGBP than with GBPUSD.
i make it some how simple, i see how much is the pip and see how many pips i need as my SL (according to the 2.5% rule ) if the SL will exceed the 2.5% i decrease the lot size directly .
am i getting your question correct or i misunderstand ??!!
  • #6,016
  • Nov 10, 2009 4:07am Nov 10, 2009 4:07am
Quoting vic_elc
i make it some how simple, i see how much is the pip and see how many pips i need as my SL (according to the 2.5% rule ) if the SL will exceed the 2.5% i decrease the lot size directly .
am i getting your question correct or i misunderstand ??!!
Example, my account is in GBP.
I'm using round numbers for ease of calculation.
Account size £10,000.
I enter 1 lot buy on GBPUSD with 50pip stop loss.
If I lose 50pips, that would be equivalent to -£500.
However, on GBPUSD the profit or loss is calculated on the 2nd currency and my actual loss is 500/current exchange rate (1.67) = £299.40
So, my actual risk here was 3% not the 5% that most people calculate.
This is good because you are risking less but it means you are not getting appropriate value for your wins.

Account size £10,000.
I enter 1 lot buy on EURGBP with 50pip stop loss.
If I lose 50pips, that would be equivalent to -£500.
However, on EURGBP the profit or loss is calculated on the 2nd currency and my actual loss is 500/current exchange rate (0.89) = £561.80
So, my actual risk here was 5.6% not the 5% that most people calculate.
This is bad because you are risking more than you thought you were.

I am not suggesting we risk 5% here, it is just for ease of calculation.
  • #6,017
  • Nov 10, 2009 7:04am Nov 10, 2009 7:04am
need to doble check that ....

when there is a trend reversal

is this the correct sequence of event inside ichimoku ?


if market is oversold and reverse to bullish ...

1/ senkou span cross = span a goes over span b bullish

2/ kijun sen cross = price go over kinjun sen line

3/ tenkan sen cross kinjun sen

4/ kumo break out

5/ chikou span cross ?? is it the last one to happen

pls can u help VERY important for me to get the good sequence
are they in the correct order ?

tks
recidiviste
BROKENGLISH
  • #6,018
  • Nov 10, 2009 7:33am Nov 10, 2009 7:33am
hi everyone
I am a newbie from Viet Nam, I am trying to find an indicators to rely on I find out Ichimoku is a great Indicator. and i am still learning to use it. So I have some question for myself and for my friends also:
1. Can we use Ichimoku for Gold market? ( In my country, forex trading is a whole new system so they all just focus in Gold)
2. Some say that should set Ichimoku in "7,22,44"?
Thank Vic and all who has build this thread..I am learning a lot from this thread ( just finish 5 pages.... 395 to go...my English's not too good)
  • #6,019
  • Nov 10, 2009 9:00am Nov 10, 2009 9:00am
please read all the following its the "book"

http://www.forexfactory.com/attachme...d=291717&d=Aug 19, 2009 1:01am

day difference is due to history original ichi is 9/26/52

but it means saturday is suppose to be open ... wich is not the case in most markets

anyway pure ichimoku is 9/26/52 ...

tks
recidiviste
BROKENGLISH
  • #6,020
  • Nov 10, 2009 12:30pm Nov 10, 2009 12:30pm
Quoting recidiviste
...
Quoting recidiviste
...
Hi Recidiviste,

1/ senkou span cross = span a goes over span b bullish - normally one of the last things to occur as it takes a significant amount of price action directional change to instigate a reversal in kumo trend.

2/ kijun sen cross = price go over kinjun sen line - tenkan sen (TS) is always lower than kijun sen in oversold scenario so price action will cross TS first on reversal

3/ tenkan sen cross kinjun sen - yes

4/ kumo break out - at some point depends on strength of reversal. If it is a short term reversal then this may not happen on the higher TFs however if it is a genuine longer term trend change then this will eventually occur

5/ chikou span cross ?? is it the last one to happen - not necessarily, depends entirely on previous price action volatility. If very volatile then CS will cross above price action quite early in a reversal.

**************************************************
It is not really possible to set a fixed sequence in which these things happen as it depends entirely on the TF that you are using and how volatile previous price action has been.

In reality as a trader it is not important the order but rather the fact that you have recognised that each of these events is important and required in order for a major trend change to complete!

It is more important to grade each of these occurrences in order of signal strength.

For example a TS/KS cross above a kumo in a bullish trend is much stronger than the fact that the Chikou Span may have cleared above the price action.

As long as you base your trades on the strength of the ichi components supporting your planned trade, you cannot go wrong as ichi will show you the way.

Cheers.

4x.
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