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Ichimoku forever

  • #6,101
  • Nov 13, 2009 8:37am Nov 13, 2009 8:37am
Quoting SanMiguel

Waiting:
AU 1hr cross
EU 4hr: missed the trade so waiting for a 1hr entry

Are you looking for EU H1 kumo break north? or bounce off kumo for continuation of the counter trend? (which would be opposed to D1 trend)
Either way sounds risky. How do you decide when this strong counter trend off the psychological 1.50 level is done?
  • #6,102
  • Nov 13, 2009 8:42am Nov 13, 2009 8:42am
Quoting PipDreamz
Are you looking for EU H1 kumo break north? or bounce off kumo for continuation of the counter trend? (which would be opposed to D1 trend)
Either way sounds risky. How do you decide when this strong counter trend off the psychological 1.50 level is done?
Yep, you're correct about the 1.5 level, which is why I'm not taking a kumo breakout for it but waiting on a strong 1hr Ts/Ks cross above the kumo, which will likely be above the 1.5 level (D1 is UP, H4 is UP) at present.
Until price is either below the H4 or the future kumo is bearish, I'm not thinking about EU shorts though in theory many traders have been looking to short the EU for weeks now.
  • #6,103
  • Nov 13, 2009 8:43am Nov 13, 2009 8:43am
EUR/GBP - currently +50. Might be worth changing the TP now to 89.05 as there seems to be some really solid support clustered around 89.00.

I will be taking half off at 89.05 now and then letting the other half run with SL trailing 1hr KS (kijun sen) - SL currently at 89.65

SELL - now at market (0.8967)
SL - Trail 1hr chart Kijun Sen (KS) currently SL should be at approximately 0.8975 - (SL WAS AT 0.9020)
TP - 89.00
(take profit on half position, move SL to 89.80 and trail price action on 1hr KS)


[color="Black"]GBP/CHF - currently +55. Targets still remain as planned.

For those of you who took this trade it has been up over 65 pips in the past few hours and is currently looking to retest the 1hr TS before continuing forward. Provided this current 1hr candle does not close below 1.6900 I will commence moving SL with 1hr Kijun Sen (KS).

Looks like the risk trade is coming off again now with the NY opening bell.

I am really liking USD/CAD for a buy at the moment. Key US data being released at 2.55pm. If the current 1hr candle holds above the kumo I will be looking to buy the USD/CAD with a view up to 1.0670-1.0700 area.

Cheers,

4x.
  • #6,104
  • Nov 13, 2009 8:46am Nov 13, 2009 8:46am
"CS can provide some insight into trend direction when a trend line is drawn across the most recent CS highs (or lows depending on market direction)."


sry can u explain this in greater details ................

i amtrying to find lb comment inside the thread

tks
recidiviste
BROKENGLISH
  • #6,105
  • Edited 9:09am Nov 13, 2009 8:47am | Edited 9:09am
Bear all through the TF a cross of TS/ks on 1hr. Hope you guys are in this trade. Though I have been in this trade since on the 6th of this month with a 270+ pips. I am getting in on this setup to add to what is still running.

A wonderful pair to trade. Reason? Aud economy has been on the ascendancy while the economic outlook in Europe generally is on the downside.
  • #6,106
  • Nov 13, 2009 8:56am Nov 13, 2009 8:56am
Quoting 4xAddict

Looks like the risk trade is coming off again now with the NY opening bell.

I am really liking USD/CAD for a buy at the moment. Key US data being released at 2.55pm. If the current 1hr candle holds above the kumo I will be looking to buy the USD/CAD with a view up to 1.0670-1.0700 area.

Cheers,

4x.
4X,

Now that's what I'm talking about. You have no problem going long with the D1 & H4 below the kumo? And what's tipping you off on the risk trade coming off? And how are you determining 1.067 & 1.070? Thanx
  • #6,107
  • Nov 13, 2009 9:08am Nov 13, 2009 9:08am
Quoting recidiviste
"CS can provide some insight into trend direction when a trend line is drawn across the most recent CS highs (or lows depending on market direction)."


sry can u explain this in greater details ................

i amtrying to find lb comment inside the thread

tks
recidiviste
Connect the highs or connect the lows just like you would on candles, it is the spikes you are looking for to gain maximum pips out of a move - haven't seen lb post in a while...
All the CS is the closing price of that candle but it serves as a good indication of when the trend is retracing and/or continuing.
If you were to trade 1 pair like this you could make use of trendlines bounces and early exit points to get more pips if you know the pair well.
For example with this EJ move, you could exit your position on the first TL break, then re-enter when PA bounces from the KS and closes below the TS & breaks the new TL that you draw.
...best used on the higher timeframes H1 and above bu no reason you couldn't use it below that but the KS is a better indicator on the quicker timeframes.
Example:
Attached Image (click to enlarge)
Click to Enlarge Name: EJ.jpg Size: 127 KB
  • #6,108
  • Nov 13, 2009 9:21am Nov 13, 2009 9:21am
tks for your fast reply

recidiviste
BROKENGLISH
  • #6,109
  • Nov 13, 2009 9:33am Nov 13, 2009 9:33am
Quoting recidiviste
tks for your fast reply

recidiviste
SM is spot on with that explanation.

A signal arises basically when the current CS moves back either down through the CS trend line in a bull trend or up through the CS trend line in a bear trend.

It is not a trade entry signal but does provide a strong support indicator that a trend move may be changing.

Cheers,

4x.
  • #6,110
  • Nov 13, 2009 9:42am Nov 13, 2009 9:42am
Quoting PipDreamz
4X,

Now that's what I'm talking about. You have no problem going long with the D1 & H4 below the kumo? And what's tipping you off on the risk trade coming off? And how are you determining 1.067 & 1.070? Thanx
Hi PipDreamz,

I hope my trade method is not frustrating you if you're using a purist ichi trading technique.

I trade a combination of tech and fundy analysis.

My USD/CAD call is based on, break through 1hr kumo, the current risk aversion creeping back into the market, an expectation that the US data today would be poor and that there would be an excess build up in Natural Gas holdings in the US which is regularly CAD negative as Canada is the primary Natural gas supplier into the US market. The gas build up logic is due to the economy's poor performance lately including job losses, trade balance, consumer sentiment etc.

We are also seeing price action divergences on the Daily and Monthly TFs for this pair.

Price targets are kumo base and kumo top on 4hr chart.

Cheers,

4x.
  • #6,111
  • Nov 13, 2009 9:54am Nov 13, 2009 9:54am
philipoeur/aud 1hr TF trade setup short position
Bear all through the TF a cross of TS/ks on 1hr. Hope you guys are in this trade. Though I have been in this trade since on the 6th of this month with a 270+ pips. I am getting in on this setup to add to what is still running.

A wonderful pair to trade. Reason? Aud economy has been on the ascendancy while the economic outlook in Europe generally is on the downside

Philipo- In this pair do you see the next major support being 1.5659 taken from the chikou span from the weekly TF?
  • #6,112
  • Nov 13, 2009 10:21am Nov 13, 2009 10:21am
A ts/ks cross have taken place on 4hrs TF(There is also a kumo cross. This must be a strong signal). Watch out for a close of the candle to get in. Daily and wkly tf bullish.
  • #6,113
  • Nov 13, 2009 10:29am Nov 13, 2009 10:29am
Quoting wat
philipoeur/aud 1hr TF trade setup short position
Bear all through the TF a cross of TS/ks on 1hr. Hope you guys are in this trade. Though I have been in this trade since on the 6th of this month with a 270+ pips. I am getting in on this setup to add to what is still running.

A wonderful pair to trade. Reason? Aud economy has been on the ascendancy while the economic outlook in Europe generally is on the downside

Philipo- In this pair do you see the next major support being 1.5659 taken from the chikou span from the weekly TF?
If price reaches that level there might be a purse then a continuation of the trend as long as the current economic outlook hold. Nevertheless am a trend trader. I will only get out of this trade when Ichi tells me to.
  • #6,114
  • Nov 13, 2009 10:37am Nov 13, 2009 10:37am
Quoting philipo
If price reaches that level there might be a purse then a continuation of the trend as long as the current economic outlook hold. Nevertheless am a trend trader. I will only get out of this trade when Ichi tells me to.
Thanks for your thoughts and Reply.

May the trend be with you
  • #6,115
  • Nov 13, 2009 10:50am Nov 13, 2009 10:50am
Watch out for yet another trade setup. ts/ks cross have taken place. Get in after a close of the candle. This is as well a strong signal. Daily and wkly bearish to support this trade if the candle closes. Though I have already entered this trade on a break of the Kumo. check my previous post of the kumo break on the 9th of this month.

Have a wonderful trade.
  • #6,116
  • Nov 13, 2009 10:52am Nov 13, 2009 10:52am
Quoting SanMiguel
How have you drawn your box range on the GBPUSD daily?
That's a difficult one as it's not as flat as the EURJPY range.
More important are the kumo futures on H4, Daily, and weekly - all bullish but I'd want to see it clear 1.7 before holding onto any long term trades.
Thanks for that. I see them everywhere as I suspected.

You're all very active for a friday. At least compared to other threads I've read so far. What is your experience, does ichimoku work on fridays as well as it does on other days (besides the lower volume) or are you just willing to take risks?
  • #6,117
  • Nov 13, 2009 10:54am Nov 13, 2009 10:54am
Quoting vic_elc
Hello

as promised i was working on the guidelines, am sorry i couldn't finish it during the weekend but i promise you it will be a piece of art .
thanks everyone sent me FAQ.
any one have any questions , please send them to [email protected]
Sub:FAQ, i'll make sure to include them in the FAQ
have a nice week

Vic



Gold http://dc127.4shared.com/download/13...5-sep-2009.pdf

Productivity:http://dc148.4shared.com/download/13...oductivity.pdf...
Vic-

Is there a chance of getting these guidlines again?

Thanks.
Walt
  • #6,118
  • Nov 13, 2009 11:06am Nov 13, 2009 11:06am
Quoting 4xAddict

I trade a combination of tech and fundy analysis.

My USD/CAD call is based on, break through 1hr kumo, the current risk aversion creeping back into the market, an expectation that the US data today would be poor and that there would be an excess build up in Natural Gas holdings in the US which is regularly CAD negative as Canada is the primary Natural gas supplier into the US market. The gas build up logic is due to the economy's poor performance lately including job losses, trade balance, consumer sentiment etc.


Cheers,

4x.
Exactly the type of response I was looking for. I usually don't go against the D1 PA/kumo trend and hate to sit aside while very nice counter trends go by. The risk, obviously, is getting into a false counter trend or getting in at the end.
In general, what do you look for when deciding the sentiment and turning points of global risk appetite, or do you strictly use ccy specific fundy for ea. ccy
  • #6,119
  • Nov 13, 2009 11:07am Nov 13, 2009 11:07am
Quoting puduman
Thanks for that. I see them everywhere as I suspected.

You're all very active for a friday. At least compared to other threads I've read so far. What is your experience, does ichimoku work on fridays as well as it does on other days (besides the lower volume) or are you just willing to take risks?
Puduman-

Here in the United States Friday's are usaully busy until 12 PM est and then the market is pretty much dead.

I guess the Big Boys want an early weekend!
  • #6,120
  • Nov 13, 2009 11:11am Nov 13, 2009 11:11am
Do you guys generally hold onto trades over the weekend?
I usually close on Friday and then re-open on Sunday if all looks well to avoid a random market crash over the weekend and the Sunday gap issue.
I'm wondering if it's really worth the trouble though...

NU +80 (about to close 50%)
UCAD +30
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