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Ichimoku forever

  • #6,301
  • Nov 19, 2009 6:53pm Nov 19, 2009 6:53pm
Quoting egkid
Thanks vic, I try to do my best
I was sell g/u 1.6850 and closed early 1.6770 and long e/g 0.8835 close 0.8935
Always close early I think it's a prblme need to solve it.
Maybe psychology ,I tell my self i close now on profit better than risk but i need to enhanced this
you can choose either Ks or SpanA orn even spanB to move your SL with , and you have to commit to yourself that this will be the SL all the time whatever happen .
please let me know if you need any help in the SL issue

cheers
  • #6,302
  • Nov 19, 2009 7:00pm Nov 19, 2009 7:00pm
Quoting Dejan
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...
welcome aboard Dejan

have a nice week
  • #6,303
  • Nov 19, 2009 7:44pm Nov 19, 2009 7:44pm
Thinking of long from here , bounce @ Ks daily
any ideas ??!!!
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  • #6,304
  • Nov 19, 2009 7:56pm Nov 19, 2009 7:56pm
hi vic
i m not so used to this pair
but im in with small lot
regards
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  • #6,305
  • Nov 19, 2009 8:31pm Nov 19, 2009 8:31pm
Quoting vic_elc
Thinking of long from here , bounce @ Ks daily
any ideas ??!!!
For me i will not4h under kumo and looks more room to go down
But that depends each one TF and your view
For now i prefer e/g and g/u this my trade for today.
  • #6,306
  • Nov 19, 2009 8:35pm Nov 19, 2009 8:35pm
Quoting samer960
hi vic
i m not so used to this pair
but im in with small lot
regards
you are always there man
never miss a signal
good luck
  • #6,307
  • Nov 19, 2009 8:37pm Nov 19, 2009 8:37pm
Quoting egkid
For me i will not4h under kumo and looks more room to go down
But that depends each one TF and your view
For now i prefer e/g and g/u this my trade for today.
yes the 4Hrs and lower TFs are not supporting this at all , but looking at the daily looks like a good S area ( Ks ) also there is a strong Ks+Ts Cross , this might help the trend to continue
good luck in ur EG and GU
  • #6,308
  • Nov 19, 2009 9:00pm Nov 19, 2009 9:00pm
Quoting vic_elc
yes the 4Hrs and lower TFs are not supporting this at all , but looking at the daily looks like a good S area ( Ks ) also there is a strong Ks+Ts Cross , this might help the trend to continue
good luck in ur EG and GU
Thanks GL bro
  • #6,309
  • Edited Nov 20, 2009 12:41am Nov 19, 2009 11:55pm | Edited Nov 20, 2009 12:41am
Hello friends I am really happy to write my first post in this great topic
and thank for you Vic and many members make this topic useful
and help many traders to use this indicators which many people think it complex and can not read the name of the five lines LOL

I test this indicators many times it is great and I found only the risk if you do not keep your Eye on chart what ever time what ever volatility , I use it in time frame from 1M to 4H best 15M
It give stronger signal to buy or sell if the cross of the two moving average lines tenkan-sen and kujin-sen occur at the cloud

this system is almost perfect but the problem is the exit point is not clear buy signal generated and price rise 150 pips but the cross occur and you get out with 100 only for example.
if you wait another cross to exit trade you maye be lose many pips

So I try hard to find method to get early signal for enter and exit for this charting system.

I use RSI Period 20 , Multi-Bolinger Bands Period 20 ,and Time Frame 15m
and the most important is the central moving average of bolinger.

enter Point When the Bolinger Central MA cross with the tenkan-sen
and also the exit point when it crossed again this generate some times early strong signal to buy or sell according to direction of crossing
Buy = if the tenkan-sen under the bolinger Moving average
Sell = if the tenkan-sen above the bolinger Moving average

and in all crosses we have to ensure RSI 20 is cross the 50 level
you can see the photo and share every one your opinion
Tell us what you think about that

in this photo you will see my theory;

Red arrow refer to the entery point when tenkan-sen cross Bolinger MA
Blue arrow refer to fake exit signal due to at this time RSI not cross the 50 level due to tenkan-sen cross the Bolinger MA again
Orange arrow best exit signal and also RSI cross the 50 level again

THE CROS OF TENKAN-SEN AND BMA IS MORE IMPORTANT THAN RSI

tenkan sen is the red line i add a template to show this deal and indicator to draw bolinger MA

Yellow line is the bolinger MA

for now i use make many back testing and trade live to improve this
not complete yet but is generate strongest signal at squeezing of bolinger and cross of bma with tenkan-sen at same time
I use also the bolinger levels to set the stop loss level
Attached Image (click to enlarge)
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Attached File(s)
File Type: tpl ich1.tpl   3 KB | 562 downloads
File Type: mq4 Bolinger MA.mq4   7 KB | 513 downloads
File Type: ex4 Bolinger MA.ex4   7 KB | 445 downloads
  • #6,310
  • Nov 20, 2009 3:27am Nov 20, 2009 3:27am
Quoting EgyTrader
Hello friends I am really happy to write my first post in this great topic
and thank for you Vic and many members make this topic useful
and help many traders to use this indicators which many people think it complex and can not read the name of the five lines LOL

I test this indicators many times it is great and I found only the risk if you do not keep your Eye on chart what ever time what ever volatility , I use it in time frame from 1M to 4H best 15M
It give stronger signal to buy or sell if the cross of the two moving average lines tenkan-sen...
Hello Egytrader and wellcome to this thread.
as you mentioned early in your statement ichimoku is almost perfect, but no matter how many indicators you add to it it will never be perfect, as it stands, it does not need any other indicator.
the BB and RSI can simply be replaced by reading the ichimoku on lower TF for your earlier entry signal and higher TF for your TP and SL.
in the illustration below you see the 15M GY with a sma20 behaves exactly as the central BB, and the entry and exit signals generated on 15M are nothing but candle crossing the TS on 30M. the same applies for the BB envelope where you can use any higher TF KS or Senkou spanA or B for SL.
try it this way and you will see there is no need for any other indicator, because no matter how many you add, it will solve one problem and create another.

regards.
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  • #6,311
  • Nov 20, 2009 3:33am Nov 20, 2009 3:33am
Quoting lbtrader
and don't forget that the signal started 30 candles ago
So the first good chance to enter on 15min EURJPY would have been a breakout of the range after price broke out of the kumo on 1hr, right? (See attached chart.)

Quoting samer960
hi
u are doing good
just give your trades a room to breath , and trail ur stop once u are in profit the long of KS , i would have trail it using 1 h ks . and u would have made many pips .
u got it man thats very good .
regards
Hello samer, thanks for your kind words and your help.
With a trailing SL above 1hr KS I would have been stopped out with more than -25 pips yesterday 7pm (GMT). Wouldn't it be better if I would have taken profit somewhere near around 132.00? Or is it favorable for one's overall performance to stick with the trailing SL come what may?

Thank you all for your help and your kind words. This thing gets clearer for me with every post I read and every pip I lose.
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  • #6,312
  • Nov 20, 2009 3:46am Nov 20, 2009 3:46am
Quoting puduman
So the first good chance to enter on 15min EURJPY would have been a breakout of the range after price broke out of the kumo on 1hr, right? (See attached chart.)

Thank you all for your help and your kind words. This thing gets clearer for me with every post I read and every pip I lose.
the first good entry was at 1, you entered at 2, if you trailed the 15M KS you would have exited at 3 with +34.
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  • #6,313
  • Nov 20, 2009 4:04am Nov 20, 2009 4:04am
Quoting lbtrader
Hello Egytrader and wellcome to this thread.
as you mentioned early in your statement ichimoku is almost perfect, but no matter how many indicators you add to it it will never be perfect, as it stands, it does not need any other indicator.
the BB and RSI can simply be replaced by reading the ichimoku on lower TF for your earlier entry signal and higher TF for your TP and SL.
in the illustration below you see the 15M GY with a sma20 behaves exactly as the central BB, and the entry and exit signals generated on 15M are nothing but candle crossing...
Thank you for fast replay and useful notes
I am sorry I did not get how you use different TF instead of RSI
and I use BB bands due to cross at squeezing very strong signal

the TS line in your chart is the red and the KS is the blue OK

are you mean by cycle the cross between MA and TS is enter signal and exit when candles cross the KS this is really simple I hope I get it well

and thank you again for you time
  • #6,314
  • Nov 20, 2009 5:10am Nov 20, 2009 5:10am
Quoting lbtrader
the first good entry was at 1, you entered at 2, if you trailed the 15M KS you would have exited at 3 with +34.
Hi lbtrader, well I guess I would not have entered at 1 because at this point price was still in the 1hr kumo. At least on my chart.
And you are right: A 15m KS trailing SL would have made me some nice pips! Will keep that in mind. Thanks for that.
  • #6,315
  • Nov 20, 2009 5:34am Nov 20, 2009 5:34am
Quoting puduman
Hi lbtrader, well I guess I would not have entered at 1 because at this point price was still in the 1hr kumo. At least on my chart.
that's true, but what about the 4H, the candle bounced off the flat kumo below the cloud?, and what about the 30M where you have one weak bearish cross and another kumo bearish breakout?
I think when you see a signal in formation on a particular TF prefferably on a higher TF, then you move to a lower TF and wait for the best entry there, provided that it is along with the trend.
  • #6,316
  • Nov 20, 2009 5:49am Nov 20, 2009 5:49am
Quoting EgyTrader
Thank you for fast replay and useful notes
I am sorry I did not get how you use different TF instead of RSI
and I use BB bands due to cross at squeezing very strong signal
the same signal that RSI gives you on 15M can be given by ichimoku on lower TF, many times we get a signal on 4H and the entry would be on 1H or even 5M, like the example for puduman above.

Quoting EgyTrader
the TS line in your chart is the red and the KS is the blue OK
yes that's right

Quoting EgyTrader
are you mean by cycle the cross between MA and TS is enter signal and exit when candles cross the KS this is really simple I hope I get it well
in your illustration the blue arrow your referred to as a fake exit, well on the 15M chart this is the first circle and it is a very good entry short.
the middle circle is the fake exit according to your TS/BB MA cross and it is a good entry short on ichimoku alone if you missed the first one.
the last circle on 15M it the TS crossing the BB MA and it coincides with the price candle crossing the TS on 30M on ichimoku alone and you can use it for your exit.
what I'm trying to say is, you can use any indicator you want, but you will find that if you really read ichimoku well the signal is there staring at you, even fibonacci and S/R levels, we have demostrated in previous posts they coincide often with KS or kumo on higher TF. best of luck anyway.
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  • #6,317
  • Nov 20, 2009 5:58am Nov 20, 2009 5:58am
Hey guys , didnt post here for a long time . Glad this thread keeps developing , and Vic is showing some amazing results once again . Ive registered at meetpips too , hope to see u all there .

By the way , U/J looks very bearish , though going sideways at the moment . What are ur thoughts ?
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  • #6,318
  • Nov 20, 2009 6:15am Nov 20, 2009 6:15am
I see a TS/KS cross 1-Hr TF Daily support at 131.32 taken from Span A if it breaks that support , I don't see support until 129.69 taken from a Daily CS.

Thoughts?
  • #6,319
  • Nov 20, 2009 8:03am Nov 20, 2009 8:03am
Quoting lbtrader
that's true, but what about the 4H, the candle bounced off the flat kumo below the cloud?, and what about the 30M where you have one weak bearish cross and another kumo bearish breakout?
I think when you see a signal in formation on a particular TF prefferably on a higher TF, then you move to a lower TF and wait for the best entry there, provided that it is along with the trend.
That's a good advice, thanks. I'm still looking at 1hr and 4hr and wait for a signal as described on the first pages of this thread. As I read on I hope to gain more confidence and find better entries.

OMG, how will ever manage all those pairs and timeframes?! Guess I should concentrate on just a few at first...
  • #6,320
  • Nov 20, 2009 9:18am Nov 20, 2009 9:18am
So far the position is holding , any one was in from the daily chart better to move ur SL to today's low

cheers
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