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Ichimoku forever

  • #6,581
  • Nov 29, 2009 5:12pm Nov 29, 2009 5:12pm
Thanks Vic,
Something I am working on currently with Money/ Trade management is
building a longer term position on the 4 hour or daily charts with the runners from Intraday trades (5 min).
The idea being banking daily profits to live from while building the long term.
Having the cake with icing on top!!!!
Attitude can reflect outcome in life and trading!
  • #6,582
  • Nov 29, 2009 5:29pm Nov 29, 2009 5:29pm
Hey guys

Been following this thread for a long time now, watching and biding my time, so much awesome info and glad to hear your all still doing well, those of you who havent finished for the year anyway

Just curious, has anyone thought of setting up a myfxbook?
Would be awesome to have one of the more experienced traders of ichi such as Vic trading using it so we can watch
  • #6,583
  • Nov 29, 2009 5:47pm Nov 29, 2009 5:47pm
[
YES AM NOT CRAZY , YES IT IS THAT SIMPLE, and if you don’t believe me the chart is very clear and you all can test what I just said , am sure you will end in +ve and more +ve than you imagine
All what you need is a good MM & RM (just know how you will manage your money, close your eyes and follow the trend).


Vic is dead on.

3 or 4 trades per year "following trends" beats staring at your charts all day.

Good job vic !!!

golferfx

  • #6,584
  • Nov 29, 2009 8:44pm Nov 29, 2009 8:44pm
First of all I must thank Vic and all other contributers to this thread. I have been trading the cloud (off and on) for the last 2-3 years. Every time I try some other stratagy I always seem to come back to the ichi !
I found this thread about 2 months ago and read the first 20 pages (or so) and the last 10 pages, and wonder why I stop using the Ichi at all ! Today is Sunday Nov. 29 and the market opened about 3 hours ago. I checked the daily and 4 hr. on the EUR/USD and saw the price was above the cloud on both charts, so I waited for a buy signal on the 15 min. chart. At 00:30 GMT there was a strong buy signal. I bought at 1.4994 and had 55 pips profit in less than 1/2 hour. I think I've learned my lesson (finally) and will stay a ichi forever.
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  • #6,585
  • Nov 30, 2009 1:36am Nov 30, 2009 1:36am
a wise decision
happy trading
samer

Quoting mprincehorn
First of all I must thank Vic and all other contributers to this thread. I have been trading the cloud (off and on) for the last 2-3 years. Every time I try some other stratagy I always seem to come back to the ichi !
I found this thread about 2 months ago and read the first 20 pages (or so) and the last 10 pages, and wonder why I stop using the Ichi at all ! Today is Sunday Nov. 29 and the market opened about 3 hours ago. I checked the daily and 4 hr. on the EUR/USD and saw the price was above the cloud on both charts, so I waited for a buy signal...
  • #6,586
  • Nov 30, 2009 3:32am Nov 30, 2009 3:32am
Quick question.

There were a couple of possible positions this morning however almost all of them had the hourly within the kumo. Personally I wouldn't trade this as I wait for all of the TF's to be on the correct side of the kumo before entering on the 5min however I've heard people mention just checking the 4H and daily for trend confirmation.

In these situations I would of waited for at least a break beneath the kumo before considering.

How important do you think the hourly is when entering on the 5min?
  • #6,587
  • Nov 30, 2009 7:03am Nov 30, 2009 7:03am
...
Some pursue happiness, others create it.
  • #6,588
  • Nov 30, 2009 8:02am Nov 30, 2009 8:02am
Hello, everyone...

I've used Ichimoku on and off for several years now. I have been away from Forex Factory for several months, and I was very surprised to see such an active Ichimoku thread upon my return. I have been wanting to get back to trend trading (trying to catch market reversals is too time consuming), and this seems like the perfect time.

I have attached a screenshot of a trade I took last night on the GBP/CHF. The Daily and H4 were both down, so I was looking for a short entry on the M5. I know that this isn't completely following the "rules", as the TS/KS cross was above the kumo, and therefore a weak signal, but with the chikou span below price and kumo, as well as a bearish kumo, I figured it was safe.
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  • #6,589
  • Nov 30, 2009 8:10am Nov 30, 2009 8:10am
Thank you for this.

GE.

Quoting krmo
Hello Traders,
I know we have beaten this to death.
But I truly believe that to be a successful trader Money Management/ Risk Exposure is the key.
As we do have a lot of newbies I want to make sure they have plenty of info to make the proper decisions.

Just like we try to refine our entry and exit strategies I think we should be looking at refining our MM.

Here is a little study I did for myself.
I hope it will enlighten you as it did I.

In my opinion Risk has nothing to do with your strategy. It has to do with your personal comfort level.

That...
Some pursue happiness, others create it.
  • #6,590
  • Nov 30, 2009 8:48am Nov 30, 2009 8:48am
Quoting Tommy_C
Hello, everyone...

I've used Ichimoku on and off for several years now. I have been away from Forex Factory for several months, and I was very surprised to see such an active Ichimoku thread upon my return. I have been wanting to get back to trend trading (trying to catch market reversals is too time consuming), and this seems like the perfect time.

I have attached a screenshot of a trade I took last night on the GBP/CHF. The Daily and H4 were both down, so I was looking for a short entry on the M5. I know that this isn't completely following...
Hello Tommy_C and wellcome to this thread, I'm sure you will find quite a large community of trend traders here. good call on your trade (call it a weak TS/KS or bearish kumo breakout doesn't matter) , but my question is why did you exit where you did, especially that you just had a strong TS/KS bearish cross one candle before? personally I would have used this confirmation to add to my position and bag some more pips.
  • #6,591
  • Nov 30, 2009 8:50am Nov 30, 2009 8:50am
Quoting lbtrader
Hello Tommy_C and wellcome to this thread, I'm sure you will find quite a large community of trend traders here. good call on your trade (call it a weak TS/KS or bearish kumo breakout doesn't matter) , but my question is why did you exit where you did, especially that you just had a strong TS/KS bearish cross one candle before?
Good question. I happened to be asleep at the time! I placed the trade right before bed and didn't want to stay awake to babysit it.
  • #6,592
  • Nov 30, 2009 8:54am Nov 30, 2009 8:54am
Quoting Tommy_C
Good question. I happened to be asleep at the time! I placed the trade right before bed and didn't want to stay awake to babysit it.
  • #6,593
  • Nov 30, 2009 9:15am Nov 30, 2009 9:15am
Hey Vic, nice chart view from far . Can you immagine sitting on three or four of these from the start of the trend and just watching your account grow and grow?
  • #6,594
  • Nov 30, 2009 10:21am Nov 30, 2009 10:21am
i love ichi ,
when everithing is red !
akai desu oichidesu

82 pips the last trade , & now 15 for now

kino
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  • #6,595
  • Nov 30, 2009 10:22am Nov 30, 2009 10:22am
IBtrader,

Your eyes are so sharp with the market analysis....How long have you been trading Ichi and how is your success with it.

Are you also mainly on the higher TF now.

Dejan
  • #6,596
  • Nov 30, 2009 10:45am Nov 30, 2009 10:45am
Quoting lbtrader
Hey Vic, nice chart view from far . Can you immagine sitting on three or four of these from the start of the trend and just watching your account grow and grow?
Hey Bro
how are you today ??, yeah seeing the big picture is the best thing to do ,can you imagine a long position with each day close , this gonna make tons of money hehe
good luck bro and a nice week
cheers
  • #6,597
  • Nov 30, 2009 10:47am Nov 30, 2009 10:47am
Quoting Tommy_C
Hello, everyone...

I've used Ichimoku on and off for several years now....
Hey Tommy

nice to see you back in FF , i agree with you trying to catch reversals is a waste of time and money also , wishing good luck and welcome aboard bro
cheers
  • #6,598
  • Nov 30, 2009 10:59am Nov 30, 2009 10:59am
Quoting mprincehorn
First of all I must thank Vic and all other contributers to this thread. I have been trading the cloud (off and on) for the last 2-3 years. Every time I try some other stratagy I always seem to come back to the ichi !
I found this thread about 2 months ago and read the first 20 pages (or so) and the last 10 pages, and wonder why I stop using the Ichi at all ! Today is Sunday Nov. 29 and the market opened about 3 hours ago. I checked the daily and 4 hr. on the EUR/USD and saw the price was above the cloud on both charts, so I waited for a buy signal...
Welcome aboard bro

wishing you a great week
cheers
  • #6,599
  • Edited 3:11pm Nov 30, 2009 11:34am | Edited 3:11pm
I have been reading since page one and have been trying to follow, but I wanted to ask a question I am a newbie and am slowly starting to learn.

1. The Cross of Kijun (blue) and Tenkan (red):
Long: When the blue crosses ABOVE the red, does this signal a possible entry long (as long as all of the other criterias match)?
Short: When the red crosses BELOW the blue, does this signal a possible entry short (as long as all of the other criterias match)?

2. Checking longer time frames:
Long: (On 5min chart) does price need to be above the kumo on 4hr,1hr, 30min, 15min for this to signal me to look for a entry LONG on a 5min?
Short: (on 5min chart) does price need to be below the kumo on 4hr,1hr, 30min, 15min for this to signal me to look for a entry Short on a 5min?

WHAT IF:
What if price is above on 4hr and 1hr but is below on 30min and 15min? Does this mean I need to stay out because the 4hr and 1hr price do not agree?
What if the price is above the 4hr, 30min and 15min, but is BELOW the kumo on 1hr?

3. The "Price Curve"
You state that the Chinkou Span price must be below the "price curve" to go short... does this mean that the CS needs to be below the price directly above it?

Thank you for your help, I am a firm believer in Karma, and because of all that you(Vic and other members) have done for others, I know you will be rewarded (hopefully with millions of pips!)
  • #6,600
  • Nov 30, 2009 11:35am Nov 30, 2009 11:35am
More KUMO

Here is the question
I have seen your AUD USD chart and it looks awesome but I don’t trade on the daily chart what shall I do???
The answer is very simple,


-29-07-2008 the price broke the daily kumo and started to trend down (Down trend-people are selling)
-Switch to your 1Hr chart and take only any kumo break to the down (sell with the people)

-19-03-2009 the price broke above the kumo (Up Trend – people are buying)
-Switch to your 1Hr chart and take only any kumo break to the up (Buy with the people).

Rules
-Don’t trade when price is inside the daily kumo.
-Only take the break out following the main direction of the daily Kumo .
-Set your Sl with the current spanB value.
-Keep moving your Sl with SpanB .


You are a now a trend follower, trend following will ensure you the maximum profit and minimum loses.
Please feel free to ask about anything
Have a great week
Cheers
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