DislikedAll ichi lines are S/R , Span B is the strongest one , this is why we put our SL thereIgnored
are you think ichi need another indicator to improve like I ad sma 20 ?
- #6,404
- Nov 22, 2009 10:58am Nov 22, 2009 10:58am
the same thing that happens when you get stopped outright in a losing trade, they are bound to happen you know. The total of the three positions is equal to how much you are willing to lose on that trade, so when you open a trade you already kissed that money goodbye if you are to remain emotionally detached.
1. If we close 2 lots at 50% of the stop, we cover only 2/3 of the position. If the rest ( 1 lot) is in (-) it will be (-). We need to close the 2 lots at 66% of the stop to cover the whole position.
2. For exsample: Our risk is 30 usd (each lot 10 usd)
The first trade is (-) => we have -30 usd
The second is (+), ok, but: when we close the 2 lots at 50%, we win 10 usd. The 3 lt have to made alone at least R:R 1:1 to cover the minus from the first trade and to have something in (
. What happens if it can not do that? -20 usd from the first trade is still there. And what hapens if the second trade is in (-) too? I mean - very, very big problem.I think, this strategy is not good, better is to have proper entry.
- #6,406
- Nov 22, 2009 1:46pm Nov 22, 2009 1:46pm
I explane what I mean:
1. If we close 2 lots at 50% of the stop, we cover only 2/3 of the position. If the rest ( 1 lot) is in (-) it will be (-). We need to close the 2 lots at 66% of the stop to cover the whole position.
2. For exsample: Our risk is 30 usd (each lot 10 usd)
The first trade is (-) => we have -30 usd
The second is (+), ok, but: when we close the 2 lots at 50%, we win 10 usd. The 3 lt have to made alone at least R:R 1:1 to cover the minus from the first trade and to have something in (
if the third lot is stopped out then it's 30 * -1 = -30 . -30 + 30 = 0 so you are break even.
if you are stopped out for all three lots then you lose 30.
if you have 1 lot for the same risk (30$) and you are stopped out then you also lose 30.
if you have 1 lot and let it run, then your profit may be 30, 60, 90.. depending on your RR 1:1, 1:2, 1:3....
I am not saying this is a good strategy, in fact in the picture I showed that you get half of your potential gain if you use this strategy, but it could be seen as a conservative strategy as some people would like to bag some pips rather that lose them all to break even.
- #6,407
- Edited 2:31pm Nov 22, 2009 2:20pm | Edited 2:31pm
the same thing that happens when you get stopped outright in a losing trade, they are bound to happen you know
let's take for argument's sake the opposite view.
in the example below is a bearish kumo breakout on 1H TF. entry is @ 1.4967, SL @ the upper kumo 1.5000, and TP is a@ the 4H kumo 1.4843. we will open 3 minilots for each. Managing the trade...
Stop goes in normal place as per ichi rules.
Say it's 30 pips away.
As soon as the trade has moved ONLY 15 PIPS[!!!!] in your direction, you close out 2/3rds of your position. So, after only moving a very small amount in your favour, you are in the trade RISK FREE.......... PLUS, you are able to give it the room to breathe by leaving your stop in a sensible place.
How many times have you seen your position move into profit, only to tighten up your stop and get stopped out?? I'll bet EVERYONE on this forum has done that at some time or another.
But hey! It's only a suggestion. Each to his own, but I can tell you one thing, I have never had such stress free trading as using this stop loss technique...... Another benefit is that it makes it psychologically easier to "let your profits run........."
If you really THINK about this method, you will see it for the brilliantly simple genius that it truly is [and I'm not claiming any credit here, cos I didn't invent it!]. Protect your capital! Number 1 rule.
Anyway - I don't want to get this thread off topic. I was merely trying to contribute a brilliant money management rule for anyone who wishes to use it. Of course, you can simply ignore it altogether if that's what you want to do.
Let's get back to ichi anyway! ;-)
Happy trading!
- #6,411
- Nov 22, 2009 5:08pm Nov 22, 2009 5:08pm
- | Commercial User | Joined Sep 2008 | 2,498 Posts
the same thing that happens when you get stopped outright in a losing trade, they are bound to happen you know
let's take for argument's sake the opposite view.
in the example below is a bearish kumo breakout on 1H TF. entry is @ 1.4967, SL @ the upper kumo 1.5000, and TP is a@ the 4H kumo 1.4843. we will open 3 minilots...
as usual a great Trader you are LB
wishing you all the luck Bro
- #6,414
- Nov 22, 2009 5:39pm Nov 22, 2009 5:39pm
- | Commercial User | Joined Sep 2008 | 2,498 Posts
Hey guys
What clues does ichi gives us to spot a ranging market?
- #6,415
- Nov 22, 2009 5:51pm Nov 22, 2009 5:51pm
- Joined Apr 2008 | Status: Trader | 9,414 Posts
The Kumo is the place to avoid while trading Ichimoku ,but as long as the price is out this means a trend . following the high TFs will help you determine the ranging market from the trending one
Happy week full of Joy +++
- #6,416
- Nov 22, 2009 6:34pm Nov 22, 2009 6:34pm
- | Commercial User | Joined Sep 2008 | 2,498 Posts
Hello bro
Happy week full of Joy +++
wishing you a nice week full of ++
am out this week and till the end of the year , having a long vacation 
Calm down mate...
I can see this is an excellent thread. That's why I read the first SIXTY pages!!!
and that's exactly the reason why I was so disappointed that my first post was shot down in flames!!!I wanted to join in, learn something and also contribute.
Anyway, let's forget all that and get on with some ichi trading!
Do you guys still avoid the London session?
- #6,419
- Nov 23, 2009 1:54am Nov 23, 2009 1:54am
I can see this is an excellent thread. That's why I read the first SIXTY pages!!!
I wanted to join in, learn something and also contribute.
Anyway, let's forget all that and get on with some ichi trading!
Do you guys still avoid the London session?
TBH, I'm trying to move a little more to the commodities (Oil, gold) and indices (FTSE, SP500) as I already trade GBPUSD on an intraday basis. I just want something that allows me to trade longer term.