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Ichimoku forever

  • #6,601
  • Nov 30, 2009 12:02pm Nov 30, 2009 12:02pm
Vic:
You boil this down to simple terms anyone can grasp quick. Don't trade inside daily kumo helped me alot.

Thanks,

Steve
  • #6,602
  • Nov 30, 2009 12:07pm Nov 30, 2009 12:07pm
Quoting stevewide
Vic:
You boil this down to simple terms anyone can grasp quick. Don't trade inside daily kumo helped me alot.

Thanks,

Steve
Hey Steve
how are you bog Bro??, Glad the post with simple and helpful
wishing you a nice week
Vic
  • #6,603
  • Nov 30, 2009 12:46pm Nov 30, 2009 12:46pm
So Vic are you trading mainly on the daily and once you see a kumo breakout on the daily you look for a kumo breakout in the same direction on the 1h, Do you then set the SL behind the kumo on the 1h or the daily?

Also when do you decide when you take profit?

And when you say look for a breakout on the daily does the weekly and monthly have to agree and also is it the same rules as before with the Cs clearing the price curve?

Too many questions I know, but I may start trading the daily with very small lot sizes instead of wasting time in the 4h and 1h

Thanks
  • #6,604
  • Nov 30, 2009 12:56pm Nov 30, 2009 12:56pm
salut l'ami
tu es certainement un des meillieurs codeurs ici a FF.
mais est ce que tu penses vraiment que tout ces indicateurs te donne une meilleur vision sure ce que tu dois faire avec ichi .
je t'empris ne prend pas ca pour une critique , je suis entrian de te le demander serieusement .
merci pour tout .
samer

Quoting kinonen
i love ichi ,
when everithing is red !
akai desu oichidesu

82 pips the last trade , & now 15 for now

kino
  • #6,605
  • Edited 1:40pm Nov 30, 2009 1:26pm | Edited 1:40pm
Quoting ichidakiller
So Vic are you trading mainly on the daily and once you see a kumo breakout on the daily you look for a kumo breakout in the same direction on the 1h, Do you then set the SL behind the kumo on the 1h or the daily?

Also when do you decide when you take profit?

And when you say look for a breakout on the daily does the weekly and monthly have to agree and also is it the same rules as before with the Cs clearing the price curve?

Too many questions I know, but I may start trading the daily with very small lot sizes instead of wasting time in...
Hello Killer

we only use the daily as the trend reference , so if the daily is up we shall be looking for long entires from the 1Hr, Your SL shall follow the spanB of the entry TF .

SpanB will decide when to take profit

the weekly and monthly are the bigggggg picture which we work inside it using the daily and the 1hr chart
this strategy is not related to CS by any mean, this is a pure Kumo trend following strategy.

have a nice week
  • #6,606
  • Nov 30, 2009 1:45pm Nov 30, 2009 1:45pm
Quoting chanchu
Hello vic;
Thank you for posting the ichimoku pdf.
I've studied it thoroughly and have set up my templates for both live and demo.

After study the Ichi makes forecasting a breeze.
And thanks for the songs.
i missed this one sorry chanchu

thanks bro , nice to see you around , please feel free to ask about anything
have a great week
Vic
  • #6,607
  • Nov 30, 2009 2:05pm Nov 30, 2009 2:05pm
Hi guys, you are great as this post is too !!! I read some posts before you are talking about to be a all day trader. I am really on the crossroad now like you - to work hard and collect capital for the future forex trade or to invest my time in learning hard and start the all day trading. I know (you know it too) everywhere in the world is the Great Crisis :-), hard to find good job and so on... BUT this is the harvesting time of the clever people !!!!!!!!!! The good think what I see in the forex trading is that it is not affected by the Crisis - UP or DOWN - it doesn't matter, the main thing is to be a MOTION, not a standstill !!!!! The only thing that I am afraid is that on the end not to be the looser.... The good guys will shake my hand and wish me all the best They will say - nice to meet you , it has been a pleasure for us, good bye!
And.. what do you think is a good starting capital, let us collect some useful opinions...
Thank you guys!
  • #6,608
  • Nov 30, 2009 2:25pm Nov 30, 2009 2:25pm
Quoting dreamtheater
Hi guys, you are great as this post is too !!! I read some posts before you are talking about to be a all day trader. I am really on the crossroad now like you -...
we all in the crossroad dream
my advise to you is keep learning and practicing for a good time till you are comfort with the strategy you are going to use , also you must calculate your risk all the time cause this what will saves you all the time, a trader with no MM&RM is simply a gambler.
my opinion about the min to stat with is 1K and never go with more than 1:100 leverage .
wishing you a good luck
cheers
  • #6,609
  • Nov 30, 2009 2:30pm Nov 30, 2009 2:30pm
to echo Vic's presentation its fun today to watch the Euro/Usd and Aud/Usd. both have day, 1h and 30m future kumo crossed up; Now go down to the 5m. It just crossed up. Finally watch 15m when 30m crosses up......BOOM.

Only if is when to get in...........
  • #6,610
  • Nov 30, 2009 2:33pm Nov 30, 2009 2:33pm
Quoting Dejan
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
Thanks Dejan, but I have only been trading ichimoku since June 2008. my first attempts were disastrous to say the least, despite the availability of the ichimokuwiki, I think it took Vic's overall view of the different TF from higher to lower to trigger a better understanding of this method. As much as I would like to trade on higher TF as it fits quite well with my job, I am more of a minute trader. something which I cannot do daily but I do whenever I can. I use 1M, 5M and 1H mostly.
  • #6,611
  • Nov 30, 2009 2:36pm Nov 30, 2009 2:36pm
Quoting stevewide
to echo Vic's presentation its fun today to watch the Euro/Usd and Aud/Usd. both have day, 1h and 30m future kumo crossed up; Now go down to the 5m. It just crossed up. Finally watch 15m when 30m crosses up......BOOM.

Only if is when to get in...........
funny i was just going to post the eur usd daily chart to show how the trend looks like and how we can easily follow it , but hunters like you were already there
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  • #6,612
  • Nov 30, 2009 3:03pm Nov 30, 2009 3:03pm
Quoting vic_elc
we all in the crossroad dream
my advise to you is keep learning and practicing for a good time till you are comfort with the strategy you are going to use , also you must calculate your risk all the time cause this what will saves you all the time, a trader with no MM&RM is simply a gambler.
my opinion about the min to stat with is 1K and never go with more than 1:100 leverage .
wishing you a good luck
cheers
HI Vic, you are really a Pharaoh!
Thanks for your patience and nobility!
  • #6,613
  • Nov 30, 2009 3:09pm Nov 30, 2009 3:09pm
Quoting dreamtheater
HI Vic, you are really a Pharaoh!
Thanks for your patience and nobility!
Thanks for the kind words bro , wishing you the best luck
cheers
  • #6,614
  • Nov 30, 2009 3:22pm Nov 30, 2009 3:22pm
Back to the EUR USD and the KUMO

can you see how many opportunity was there during the last couple of moth
trend following is great it ensure that you are following the correct side , also it is powerful than the counter trend entries , if you are following the main trend market will find a lot of problems to get you out or to stop you

good luck
Attached Image (click to enlarge)
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  • #6,615
  • Nov 30, 2009 3:30pm Nov 30, 2009 3:30pm
Hi Guys, do you see a strong signal on EUR USD on 4H, I think it can be a good deal , except if the Australian bank does something wrong this night
Attached Image (click to enlarge)
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  • #6,616
  • Nov 30, 2009 3:45pm Nov 30, 2009 3:45pm
Quoting dreamtheater
Hi Guys, do you see a strong signal on EUR USD on 4H, I think it can be a good deal , except if the Australian bank does somthing wrong this night

Hi:
I see strong up signal in Eu; the question to me is when do you enter and when do you exit. I entered when 5m kumo crossed(also a ts/ks cross is possible soon) since I was watching it and will exit when 1h kumo crosses unless I experience a big runup and will take it and reenter on retrace.

Entry and exit is hardest part for me...actually exit is hardest part. I tend to think 1h kumo cross for exit but miss it or price takes too much of my profit away so I manually exit with smaller profit just as price is starting to megapip again.

Perhaps Vic has a nugget of gold for us on this. I'm full time so can watch this most of the NY session day. But i'm still not making any big money yet during my education on this thread.

Steve
  • #6,617
  • Nov 30, 2009 4:34pm Nov 30, 2009 4:34pm
Well guys i agree with you about going long EUR USD and the main reason is the daily trend which is up
how to trade this position ??
if i am using the Kumo break out as explained before, i am supposed to be in now , so any close above the Kumo is my entry point ( no brain entry )
i'll set my TP with SpanB current level and keep it moving with spanB (no brain exit )
Ichimoku decided when i am in so i'll let him decides when i am out .
i'll only care about my MM and RM

is it easy now to enter and exit ??

Steve if you wanna me explain more please let me know, i suffered myself before with this subject and i understand how critical it is

cheers
Attached Image (click to enlarge)
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  • #6,618
  • Nov 30, 2009 5:30pm Nov 30, 2009 5:30pm
Quoting vic_elc

Steve if you wanna me explain more please let me know, i suffered myself before with this subject and i understand how critical it is

cheers
Thanks Vic:

I see the 1h kumo cross entry long; it just seems there's some way to avoid almost 100 pips of drawdown. In the past I've bailed at a loss sometimes when this happens but am learning to hang on and it will turn to profits. In the past when it turns to profits I've bailed relieved I got out without a loss but must learn to hang on till the 1h kumoB takes me out, almost always at a large profit.

Is this how its done?

Steve
  • #6,619
  • Nov 30, 2009 5:45pm Nov 30, 2009 5:45pm
Quoting stevewide
Thanks Vic:

I see the 1h kumo cross entry long; it just seems there's some way to avoid almost 100 pips of drawdown. In the past I've bailed at a loss sometimes when this happens but am learning to hang on and it will turn to profits. In the past when it turns to profits I've bailed relieved I got out without a loss but must learn to hang on till the 1h kumoB takes me out, almost always at a large profit.

Is this how its done?

Steve
this is the point , i have tried myself to get the best entry where i can avoid any kind of drawdown but i failed, then i stopped to think like this ,i started to think of dealing with it as if it is a fact , started to think about my profit and how i can manage this entry, just calculate yoru SL(RISK) see if the entry is ok , kiss your money goodbye hit the order , leave the market decides if you gonna win or lose, you already kissed the money goodbye

as long as you are aware of how much you gonna lose and ready to take it, then you are doing great
  • #6,620
  • Nov 30, 2009 6:31pm Nov 30, 2009 6:31pm
The point is no one can predict what's going to happen next so why try? Find a method that is proven and use it. If you can't stand the sl, don't take the trade. Otherwise, let it run and history shows 1h/day kumo crosses pay. What else do you need to know?

S
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