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Ichimoku forever

  • #6,241
  • Nov 18, 2009 12:04pm Nov 18, 2009 12:04pm
Hi,

Anyone using this system on day trading? maybe on smaller time frame, like M1 or M5 or even on tick charts?

Cheers...
"Hands that help are holier than lips that pray" Shirdi Sai Baba
  • #6,242
  • Nov 18, 2009 12:05pm Nov 18, 2009 12:05pm
Quoting SanMiguel
Check with some of the long term traders like washo, etc. but I think to trade bounces you should trade the longer timeframes. I would trade the H4 and look for a candle pattern for this.
I think if you are trading the H1 TF, then best to follow the standard ichi signals or TsKs cross plus others...
To trade bounces try trading long running trends like AU, NU, etc.
Yes, that's what I thought after this trade: maybe you should stick with the original ichimoku rules. I guess I just needed my daily fix of trading (seems this attitude never leads to wins).

Thanks for your advice. Your posts are a great help to me.
  • #6,243
  • Nov 18, 2009 12:08pm Nov 18, 2009 12:08pm
Quoting drwasho
Hey Vic,

How you doing dude? Are you on Meetpips?

God bless,

Doc
Hey doc

I sent you a friends request on meetpips, my meetpips name is chris p

Thanks man
  • #6,244
  • Nov 18, 2009 12:09pm Nov 18, 2009 12:09pm
Quoting puduman
GBPCHF was stopped out at 1.6910 (see attachement).

What have I done wrong?

 

  1. "...the trader should bear in mind any significant levels of support/resistance near the cross and consider getting a close above those levels before executing their order." From IchiWiki. In this case 1.7000!!! (Is there a way to make these numbers blink?)
  2. No clear signal on 1hr. In fact it was the opposite.
  3. Trade was too risky.

What was good?
[list][*]Nothing, except that I am a novice and won't learn a thing without...

Not your stoploss was arong - your entry is against the trading rules:

  1. below 1,7
  2. below KS
  3. without reversal candle
  4. in the middle/end of the movement

  • #6,245
  • Nov 18, 2009 12:10pm Nov 18, 2009 12:10pm
Welcome back Vic

Your results are fantastic especially with all the losing trades you had to, still made a huge profit, goes to show that good MM is the real holy grail!

I can test a pair for a year no problem, its just I havent been having much success with ichi, so if you give me a strategy and a pair I will test them for you and pass on the results

Thanks
  • #6,246
  • Nov 18, 2009 12:16pm Nov 18, 2009 12:16pm
Quoting ichidakiller
I sent you a friends request on meetpips, my meetpips name is chris p
I see vic_elc has created an Ichimoku Forever group. Hope to see you there.
  • #6,247
  • Nov 18, 2009 12:18pm Nov 18, 2009 12:18pm
Quoting Happy68
Not your stoploss was arong - your entry is against the trading rules:

  1. below 1,7
  2. below KS
  3. without reversal candle
  4. in the middle/end of the movement

Yes, you are right. I thought this to be the end of a pullback and entered. Still learning (and failing) here.

Thanks for you help.
  • #6,248
  • Nov 18, 2009 1:55pm Nov 18, 2009 1:55pm
Quoting ichidakiller
Welcome back Vic

Your results are fantastic especially with all the losing trades you had to, still made a huge profit, goes to show that good MM is the real holy grail!

I can test a pair for a year no problem, its just I havent been having much success with ichi, so if you give me a strategy and a pair I will test them for you and pass on the results

Thanks
thanks for the nice words

you can use any strategy you like , as you mentioned you are not having much success with Ichi so i believe it is better that you use the complete signal as posted in the first pages , you choose any pair you like , and you are not testing it for me man , this is something you will do for yourself it will help you sharpen your skills and trust your system .
so it is up to you if you wanna test ichi or not

have a nice day
  • #6,249
  • Nov 18, 2009 4:36pm Nov 18, 2009 4:36pm
Quoting vic_elc
Guys the Tester is great , i agreed with steve that we will test more pairs using a single entry all the time
so if any one is interested to make a work group with us and start testing more Ichimoku signals it will be great
if so please send a PM with the pair and the entry signal you will use
have a nice day all
I would have loved to. I tried testing E/u 4hrs but got stock. Once I close my trade and open it later on to continue from where I stop, it starts all over from square 1 by loading the chart. Or may be there is something am not doing right? Please let me know. By the way your results were great. you should start trading full time right away.
  • #6,250
  • Nov 18, 2009 5:03pm Nov 18, 2009 5:03pm
Excellent... a whole bunch of us are on meetpips, Giny is on there too. I've joined the Ichimoku Forever group, I'll catch up with most of you there.

So what's the deal with this simulator thing?

God bless,

Doc
  • #6,251
  • Nov 18, 2009 5:56pm Nov 18, 2009 5:56pm
hi
i think u are saying u took a long and your trade failed right ? is this what u are asking why the long failed ? if this is your question this is my answer .
i will tell u how the best set up for breakout should look like and u will know what u did wrong.

take a look at your 4 h chart , u see the last cross below the cloud and the price has cleared chinkou span and price break the cloud ,this is the safest breakout . keep this 4 h breakout in your head and if u want to trade the breakout do it the same way .
all the signal generated by ichi meet in a way or in a another :
1- cross above the cloud
2- cross below the cloud or into the cloud, entry at breakout of the cloud should be confirmed by price clearing chinkou span and u r not facing ks or ts just a few pips away .
3- bounce at 4 h ks or daily ks . (always confirmed by chinkou span) and in direction with the longer term trend .
these are the 3 ways i use ichi .
hope this help if not ask again . if not me maybe another one will give u a better answer .
regards

Quoting puduman
GBPCHF was stopped out at 1.6910 (see attachement).

What have I done wrong?

 

  1. "...the trader should bear in mind any significant levels of support/resistance near the cross and consider getting a close above those levels before executing their order." From IchiWiki. In this case 1.7000!!! (Is there a way to make these numbers blink?)
  2. No clear signal on 1hr. In fact it was the opposite.
  3. Trade was too risky.

What was good?
[list][*]Nothing, except that I am a novice and won't learn a thing without...

  • #6,252
  • Edited 1:30am Nov 19, 2009 1:17am | Edited 1:30am
I've entered long on Gold. SL of 20, TP of 50.

Will post a photo in a sec.

Chngster

Edit: went in with 0.05 lot on an experimental trade. Let's see what happens...

Edit 2: Trade hits 20+, I add a trailing of 20. Trade is now risk free. Regardless of what happens now, Im pretty satisfied with the way I executed that one. I'm heading off to dinner... Trade hit a top of 22+ and now sitting at around +15.
Attached Image (click to enlarge)
Click to Enlarge Name: Chngster A.jpg Size: 66 KB
Thank you Crucial Point, Bleek, Trizzle, Darkstar
  • #6,253
  • Nov 19, 2009 3:41am Nov 19, 2009 3:41am
Quoting chngster
I've entered long on Gold. SL of 20, TP of 50.

Will post a photo in a sec.

Chngster

Edit: went in with 0.05 lot on an experimental trade. Let's see what happens...

Edit 2: Trade hits 20+, I add a trailing of 20. Trade is now risk free. Regardless of what happens now, Im pretty satisfied with the way I executed that one. I'm heading off to dinner... Trade hit a top of 22+ and now sitting at around +15.
Hi Chngster, well, no argument about your gain, but I think you were lucky. what was the basis of your trade, the TP and SL? I think this was on 5M TF if I am correct, and looks like it was a bounce off the kumo, but what about the higher TF? was there any bullishness higher up?
the down move so far has made over 100 pips from the top.
Attached Image (click to enlarge)
Click to Enlarge Name: gold191109.gif Size: 42 KB
  • #6,254
  • Nov 19, 2009 4:13am Nov 19, 2009 4:13am
Quoting lbtrader
Hi Chngster, well, no argument about your gain, but I think you were lucky. what was the basis of your trade, the TP and SL? I think this was on 5M TF if I am correct, and looks like it was a bounce off the kumo, but what about the higher TF? was there any bullishness higher up?
the down move so far has made over 100 pips from the top.
Hi lb
What signals did you use for the short? I ask because Gold is obviously in a long run up...
I'm looking for 1 pair to trade by itself using a combination of CSTL breaks and the usual ichi signals.
The rest I am looking to trade long term on 4hr and Daily with maybe 1hr entries/4hr bounces from Ks points.
I have other systems I use to day trade (not ichi) but I would like to include it and I don't feel comfortable trading many pairs on the 5min timeframes so I just want to concentrate on 1...maybe GOLD, maybe GBCHF, not sure yet...
  • #6,255
  • Nov 19, 2009 4:44am Nov 19, 2009 4:44am
Quoting vic_elc
thanks for the nice words

you can use any strategy you like , as you mentioned you are not having much success with Ichi so i believe it is better that you use the complete signal as posted in the first pages , you choose any pair you like , and you are not testing it for me man , this is something you will do for yourself it will help you sharpen your skills and trust your system .
so it is up to you if you wanna test ichi or not

have a nice day
hey VIC..


I am going to Ask a Weird Question .. sorry for that



does Ichi Work on 1 minute chart and 5 minute chart?


thanks
DRAGON-TECHNICAL ANALYSIS!
  • #6,256
  • Nov 19, 2009 4:46am Nov 19, 2009 4:46am
Hi SM
if you r trading trendlines , watch AJ ,Its approching a trand line on daily coming from 2/2/2009 .
anyway this is not ichi , just giving u a hint .
regards
REGARDS
Quoting SanMiguel
Hi lb
What signals did you use for the short? I ask because Gold is obviously in a long run up...
I'm looking for 1 pair to trade by itself using a combination of CSTL breaks and the usual ichi signals.
The rest I am looking to trade long term on 4hr and Daily with maybe 1hr entries/4hr bounces from Ks points.
I have other systems I use to day trade (not ichi) but I would like to include it and I don't feel comfortable trading many pairs on the 5min timeframes so I just want to concentrate on 1...maybe GOLD, maybe GBCHF, not sure yet...
  • #6,257
  • Nov 19, 2009 5:33am Nov 19, 2009 5:33am
Quoting vincy balboa
hey VIC..


I am going to Ask a Weird Question .. sorry for that



does Ichi Work on 1 minute chart and 5 minute chart?


thanks
hello Vincy

yes bro it does, you can check the first pages of the thread you will se how it works and some more examples they will help
cheers
  • #6,258
  • Nov 19, 2009 5:34am Nov 19, 2009 5:34am
Quoting SanMiguel
Hi lb
What signals did you use for the short? I ask because Gold is obviously in a long run up...
I'm looking for 1 pair to trade by itself using a combination of CSTL breaks and the usual ichi signals.
The rest I am looking to trade long term on 4hr and Daily with maybe 1hr entries/4hr bounces from Ks points.
I have other systems I use to day trade (not ichi) but I would like to include it and I don't feel comfortable trading many pairs on the 5min timeframes so I just want to concentrate on 1...maybe GOLD, maybe GBCHF, not sure yet...
HI SM
it was a kumo bearish breakout on 15 and 30 min and weak TS/KS cross on 1H. gold is in an up general move but CSTLB can put you in position for correctional moves. better be careful though of the spread with your broker. Any pair can be used provided you know what you're doing, and I can see you do.
Attached Image (click to enlarge)
Click to Enlarge Name: goldcstlb.gif Size: 42 KB
  • #6,259
  • Nov 19, 2009 5:35am Nov 19, 2009 5:35am
Quoting drwasho
Excellent... a whole bunch of us are on meetpips, Giny is on there too. I've joined the Ichimoku Forever group, I'll catch up with most of you there.

So what's the deal with this simulator thing?

God bless,

Doc
Doc , you must use the tester it will save you a lot of time and a lot of money
if you need to know anything about it let me know
cheers
  • #6,260
  • Nov 19, 2009 6:34am Nov 19, 2009 6:34am
Quoting vic_elc
Doc , you must use the tester it will save you a lot of time and a lot of money
if you need to know anything about it let me know
cheers
Vic much respect to you SanMiguel, Ibtrader, Bones and other members who have made this thread a success. I start reading the thread and have gone through over 40 pages and will try and complete my reading by next week.

I have also started reading the pdf, which I will complete today......Ichi is sooo amazing and will be making it my new tradin strategy.....it forces one to be patient/discipline and to follow the rules. I notice that you guys have a few update to how you trade, example automatic KS lines fr daily or other TF.

What is the tester or where can I jump to to add it to my chart. How do I join the ichi group you created.

Very impressive. I see members speaking of stayin in front screen constantly if lower TF is traded. I would like to suggest every1 backtest to confirm that the mkt move primarily between : 1 hour b4 each mkt open and 2 - 2 1/2 hours after open.

Loooking forward to joining this group.

regards
Dejan
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