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Ichimoku forever

  • #6,041
  • Nov 11, 2009 10:56am Nov 11, 2009 10:56am
Quoting 4xAddict

Hi Everyone,

Hope you too got in on this trade.

I am now trailing the kumo base on the 4 hour chart with a further 10 pip buffer to cover over night spread blow outs.

Good luck if you are in this one.

Cheers.

4x.
Hi everyone,

As this trade is now over 100pips in the green I am going to move the SL with the 1hr chart Kijun Sen (KS - blue line with standard ichimoku indicator settings).

Keep your SL's tight with the KS as the market looks to have turned at the moment.

Take care.

4x.
  • #6,042
  • Nov 11, 2009 11:04am Nov 11, 2009 11:04am
Hey Vic,

Message me when you are free I have a couple of things to discuss with you!!

400 pages old huh?

My company does manufacture wheelchairs amongst other medical devices so let me know if you need any old boy

Cheers,

4x.
  • #6,043
  • Edited 11:42am Nov 11, 2009 11:23am | Edited 11:42am
philipo - Looking Chikou S on the daily charts, a major resistance for this pair that has been tested multiple time and pair did not breakthrough.

thoughts on why this would breakthrough this time around ?

Quoting philipo
A ts/ks cross have just taken place on Aud/chf 1hr above the kumo. 4hrs & daily are bullish for those who trade 1hr. A good setup? your comments thanks
  • #6,044
  • Nov 11, 2009 11:27am Nov 11, 2009 11:27am
Quoting 4xAddict
Hi everyone,

As this trade is now over 100pips in the green I am going to move the SL with the 1hr chart Kijun Sen (KS - blue line with standard ichimoku indicator settings).

Keep your SL's tight with the KS as the market looks to have turned at the moment.

Take care.

4x.
Interesting idea...which brings me onto my next question - have you added on any trades to this? At what point would you stop adding on?
For example, a new TsKs cross could happen on the 15min soon - would you take that? I don't plan on getting in on this trade as I'm still in others that weren't stopped out at break even by that USD move 30mins ago but the add-on trades is always an interesting topic.
  • #6,045
  • Edited 11:39am Nov 11, 2009 11:28am | Edited 11:39am
4x.
very helpful tip.

I entered USDCAD trade based on 4H TF.
can i apply the same logic for SL to the USDCAD eventhough I entered based on 4H TF ?

I entered with 1 lot. I am struggling with finding a good exit point.


Quoting 4xAddict
Hi everyone,

As this trade is now over 100pips in the green I am going to move the SL with the 1hr chart Kijun Sen (KS - blue line with standard ichimoku indicator settings).

Keep your SL's tight with the KS as the market looks to have turned at the moment.

Take care.

4x.
  • #6,046
  • Nov 11, 2009 11:32am Nov 11, 2009 11:32am
So, here is my analysis with charts attached. Maybe you can help me with it.

I bought at 1.5093 (9:42 GMT) and ran into my stoploss at 1.5033 (10:33 GMT). At first I thought the signal to be a strong one. Obviously it wasn't. Could you please check if my analysis is right? Did I miss something?

Here is why this trade might have gone wrong:
1. As one can see on the 5min there was no real cross of tenken/kijun lines as needed for a good, strong signal. Or could you interpret it as a cross as the lines are parallel and do overlap?
2. The distance of tenken/kijun on the 15min is big. Sign for a pullback?
3. The kijun on the 15min is way to flat for a strong signal.
4. If I would have watched the 30min/1h properly, I would have recognized that price was on top of a channel (showing an even stronger resistance on 4h). I guess that is the reason why the price fell so abruptly.
5. The fact that japanese machine orders rose strongly contributed to this down move, I guess.

I would love to hear your opinions on this trade and my analysis. Thank you very much!

Have a good evening/good night/good day (depending on what side of the globe you live).

Kind regards,
puduman
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  • #6,047
  • Nov 11, 2009 1:02pm Nov 11, 2009 1:02pm
Quoting puduman
So, here is my analysis with charts attached. Maybe you can help me with it.

I bought at 1.5093 (9:42 GMT) and ran into my stoploss at 1.5033 (10:33 GMT). At first I thought the signal to be a strong one. Obviously it wasn't. Could you please check if my analysis is right? Did I miss something?

Here is why this trade might have gone wrong:
1. As one can see on the 5min there was no real cross of tenken/kijun lines as needed for a good, strong signal. Or could you interpret it as a cross as the lines are parallel and do overlap?
2. The [b]distance...
I am Frank, from Slovakia so sorry for my english. But I love Ichimoku too.
You are describing right this problem, as I have sometimes.. Signal is buy buy buy, but price suddenly dropped dooooown and u have no chance to recognized why. Of course we have no chance, but I mean no chance with Ichi. When u use other indis, even trend lines, you can do that.
I do eur usd and right now, its 18.53 on 1hour chart is price just dropping below tenkan two candles around 70 pips... What is beautiful 70 pips isnt it... Tenkan and Kijun , both are flat, and thats maybe a way to find out, or, be very carefully when setting up an orders... What d u mean?
(I am a newbie or noob in this system) but vic, san miguel or kevin ... They are THE guys that can explain us what is the matter...

So, I am always trying to get trade enter at the start of it... Bcause later U have no guarantees that the trade will go upper, or lower...
And, I am not using any other indicators, except ichi... When I miss trade I miss it... Thats it. And, never go against the trend....
  • #6,048
  • Nov 11, 2009 1:27pm Nov 11, 2009 1:27pm
Quoting puduman
So, here is my analysis with charts attached. Maybe you can help me with it.

I bought at 1.5093 (9:42 GMT) and ran into my stoploss at 1.5033 (10:33 GMT). At first I thought the signal to be a strong one. Obviously it wasn't. Could you please check if my analysis is right? Did I miss something?

Here is why this trade might have gone wrong:
1. As one can see on the 5min there was no real cross of tenken/kijun lines as needed for a good, strong signal. Or could you interpret it as a cross as the lines are parallel and do overlap?
2. The [b]distance...

You do know that there was the inflation rate news report at 1030 GMT today? (GBP)
That is an absolutely massive news report for the £ - not a good morning to trade: http://www.forexfactory.com/calendar.php

Even if there hadn't been a news report, the GBPJPY daily chart is in the kumo and bouncing DOWN off the kumo, you should be looking for short opportunities.
  • #6,049
  • Edited 1:50pm Nov 11, 2009 1:37pm | Edited 1:50pm
Just my 2 cents. It seems like you have the right approach and analysis of your trades, but it seems like you made a trade before a major news announcement with the BOE!

Always check the forexfactory calendar before placing trades. especially the red castles major moves on the red castles. I have learned to stay on the side lines and wait.

Tschüs!

Walt
  • #6,050
  • Nov 11, 2009 1:51pm Nov 11, 2009 1:51pm
Hi feriz, thanks for your advise. I will watch out for flat tenken/kijun and always go with the trend.
It's nice to get to know others who try to understand ichimoku. Maybe we can give us a helping hand sometimes.

Quoting SanMiguel
You do know that there was the inflation rate news report at 1030 GMT today? (GBP)
That is an absolutely massive news report for the £ - not a good morning to trade: http://www.forexfactory.com/calendar.php
Damn it, that's what it was! I took a look at the calendar in the morning but somehow ignored the GBP newstimes.

Furthermore my kumo was shifted to the left due to wrong settings. I corrected them. But even if I'd have seen this, I wouldn't have known how to interpret it cause I just started to read this thread.

I hope you don't mind me asking questions that are answered throughout the 400 pages. I'm just too curious...

Thank you very much for your great help!

See you soon,
puduman
  • #6,051
  • Nov 11, 2009 1:53pm Nov 11, 2009 1:53pm
Quoting 4xAddict
Hey Vic,

Message me when you are free I have a couple of things to discuss with you!!

400 pages old huh?

My company does manufacture wheelchairs amongst other medical devices so let me know if you need any old boy

Cheers,

4x.
loool

no mate i think still have sometime for my wheelchair hehe .
i have sent you an email check it . sorry i was away most of the time Bloody Orange is consuming all my time
cheers mate
  • #6,052
  • Edited 2:11pm Nov 11, 2009 1:54pm | Edited 2:11pm
Quoting puduman
So, here is my analysis with charts attached. Maybe you can help me with it.

I bought at 1.5093 (9:42 GMT) and ran into my stoploss at 1.5033 (10:33 GMT). At first I thought the signal to be a strong one. Obviously it wasn't. Could you please check if my analysis is right? Did I miss something?

Here is why this trade might have gone wrong:
1. As one can see on the 5min there was no real cross of tenken/kijun lines as needed for a good, strong signal. Or could you interpret it as a cross as the lines are parallel and do overlap?
2. The...
Hy, my English is not so good too, but I try to give my 2 cens

You need to bedinn from the higher timeframe - 1h/30 min on your chart 1h the movement is not in the begining. You could tryed 3 ours bevor when he candle closes above Kumo. That is very important:
1. You are in the beginning of the movement
2. You are with the trend

or, in German - Du hast die Richtung, Kraft/Beschleunigung und brauchst nur den Anfang, um einzutreten.

After that you go to 5/15 min and trade retest of / pullback to tenkan/kijin or kumo

If you have good 1h signal, it is not important if there is a eal cross of t/k, but it is not good if the price is far away from t/k - your 2. question is right.

It is not a good idea if you trade when there are important news. But in this case in the moment of the news there was not signal on 1 h chart.

For the succesfull trade you need right ruls!
Attached Image(s) (click to enlarge)
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  • #6,053
  • Nov 11, 2009 3:00pm Nov 11, 2009 3:00pm
Quoting Happy68
You need to bedinn from the higher timeframe - 1h/30 min on your chart 1h the movement is not in the begining. You could tryed 3 ours bevor when he candle closes above Kumo. That is very important:
1. You are in the beginning of the movement
2. You are with the trend
Now I got it!

But it seems that you have different ichimoku settings (7,22,48), right? How come?
With the initial settings (9,26,52) the candle you marked is right in the kumo. Now, which settings work better for our needs?

It seems I underestimated the power of the kumo on higher TF. There's a lot left to learn...

Thanks for your help, I learned a lot from it.

Schönen Abend und gute Nacht aus Ludwigsburg
puduman
  • #6,054
  • Nov 11, 2009 3:33pm Nov 11, 2009 3:33pm
Quoting puduman
Now I got it!

But it seems that you have different ichimoku settings (7,22,48), right? How come?
With the initial settings (9,26,52) the candle you marked is right in the kumo. Now, which settings work better for our needs?

It seems I underestimated the power of the kumo on higher TF. There's a lot left to learn...

Thanks for your help, I learned a lot from it.

Schönen Abend und gute Nacht aus Ludwigsburg
puduman
yes, the settings are different - 7,22,44. But that is not important. If you have signal on 1h chart - go to 5/15 min and trade. If there isn't signal - drink Beer
the settings are different because we have now 5 working days in the week, 22 working days in the month. But how exactly 7,22,44 - I don't know. And is not important (for me)

Gute Nacht aus Bulgarien.
  • #6,055
  • Nov 12, 2009 4:51am Nov 12, 2009 4:51am
tks very much

i am watching the " grade of occurrence " means monitoring only strong signals .......

i dont know why but i tought that senkou span cross was the most important indicator because 26 periods ahead it gives a feeling of the future of whats going to go on ....

see you soon

recidiviste
BROKENGLISH
  • #6,056
  • Nov 12, 2009 5:38am Nov 12, 2009 5:38am
i always tried to understand the Ichimoku indicators, thanks for your great article.

Regards
  • #6,057
  • Nov 12, 2009 10:42am Nov 12, 2009 10:42am
Surprised at the USD movements yesterday and today!
Had most of my positions stopped out at breakeven when they were well above 50pips each including AUDUSD, GJ, UCAD, and UCHF. NZDUSD stopped out for a loss.

GBPJPY is still looking good for a short, am waiting for a 1hr cross after it bounced from the kumo and KS.
AUDUSD: at H4 KS now, expecting it to continue up but will wait for confirmation.
USDCAD is a mess the past few days
NZDUSD: thought this would follow AU up but it turned into a temporary retrace. To be fair the CS was showing consolidation but I took a 1hr TS/KS cross up anyway but got stopped out yesterday.
USDCHF: Looked good like UCAD at the beginning of the week but turned around last 2 days.

GBPCHF: undecided. No trades this week.
GBPUSD: undecided. No trades this week.
EURUSD: I'm not trading until it breaks above the daily highs (& yearly highs).
EURJPY: undecided. No trades this week.
  • #6,058
  • Nov 12, 2009 11:10am Nov 12, 2009 11:10am
HI Everyone,

CAD/JPY trade stopped out at the beginning of either the 0800GMT or 0900GMT candle this morning (depending on your platform).

Stopped out for me on the KS +95pips. Hope you all got in on that trade.

Currently looking to buy the GBP/JPY and will post a trade entry signal once entry is completed.

WIll post anyu other pairs that we are liking for potential trades in the next few hours soon.

Cheers,

4x.
  • #6,059
  • Nov 12, 2009 11:16am Nov 12, 2009 11:16am
Quoting 4xAddict

Currently looking to buy the GBP/JPY and will post a trade entry signal once entry is completed.
Interesting.
In line with the 4hr charts?
I'm still looking at the daily expecting a short at some point...
  • #6,060
  • Nov 12, 2009 12:34pm Nov 12, 2009 12:34pm
Hey guys

Thanks for the update on what you are waiting for, Always a great help to me to confirm my possible trade setups

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