Ichimoku forever | Page 334 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

4% A Day Forever 1,433 replies

an EA that worked forever 29 replies

Forever Demo Account 9 replies

Attachments: Ichimoku forever
Exit Attachments

Ichimoku forever

  • #6,661
  • Dec 1, 2009 5:28pm Dec 1, 2009 5:28pm
Quoting vic_elc
Great you like ichimoku , great to see you around
the answers for your question are

1- always use spanB cause it acts as the point of no return , if it will exceed your risk rule don't enter the trade and look for another pair

2- back test the JPY pairs you will notice that the eur can offer around 700 pip in one break out and the gbp can reach the 1200 pip,, what we will do is take the average or we can exit on the strong S/R levels,

managing the money is not something to be said , cause each position is unique by itself and needs another...
Thanks big guy, I guess I have 2 follow up questions

1 - do you personally take trades where you have span B nearer price action that spanA?

2 - what do you rely on, if anything, to determine s/r levels?
There's nothing new in trading. You buy, you sell, that's it....
  • #6,662
  • Dec 1, 2009 6:52pm Dec 1, 2009 6:52pm
Quoting vic_elc
Great you like ichimoku , great to see you around
the answers for your question are

1- always use spanB cause it acts as the point of no return , if it will exceed your risk rule don't enter the trade and look for another pair

Vic

I either misunderstand what "span b" is or have misunderstood your strategy. If you are trading a 1h kumo breakout of a pair long, and the PA is above the cloud on the daily as well, but "span b" happens to be greater than "span a" at the time of the breakout, how could you use "span b" as your stop? It would be much too close to the PA, would it not?
I would think that the stop should always be the bottom of the cloud when going long, and the top when short, it could either be "span a" or "span b" depending on which way the kumo is twisted at the time of the break out. Please correct me if I've not understood something.
  • #6,663
  • Dec 1, 2009 7:34pm Dec 1, 2009 7:34pm
I'll try to make this brief since I see a lot of questions in here. With the multi timeframe ichi indicator that is posted in this thread, is there an easy way (or even a hard way) to convert it from MT4 to CTL (visual basic). My charts are CTL based and I think this tool is vital to the strategy. Any coders on this forum, please let me know. I'll repost this every few days until I get a response. thanks.
Did I ever tell you how I got these pips?
  • #6,664
  • Dec 1, 2009 10:45pm Dec 1, 2009 10:45pm
An interesting ichi indicator I found over in another forum. The indicator analyzes for TK crosses, and provides an alert plus draws a cross-hair where you should enter. Note you should still have your standard ichi on - this latest one is just an overlay.

I haven't had much of a chance to test it out yet, but it looks useful. Attached for your convenience.

Chngster
Attached Image (click to enlarge)
Click to Enlarge Name: Chngster A.jpg Size: 170 KB
Attached File(s)
File Type: ex4 ichi360V5.ex4   24 KB | 569 downloads
Thank you Crucial Point, Bleek, Trizzle, Darkstar
  • #6,665
  • Dec 2, 2009 5:12am Dec 2, 2009 5:12am
Quoting chngster
An interesting ichi indicator I found over in another forum. The indicator analyzes for TK crosses, and provides an alert plus draws a cross-hair where you should enter. Note you should still have your standard ichi on - this latest one is just an overlay.

I haven't had much of a chance to test it out yet, but it looks useful. Attached for your convenience.

Chngster
Thanks Chngster,

It does help to have an overview of the price level.

Thanks mate.
  • #6,666
  • Dec 2, 2009 5:14am Dec 2, 2009 5:14am
Quoting Forex Fred72
I'll try to make this brief since I see a lot of questions in here. With the multi timeframe ichi indicator that is posted in this thread, is there an easy way (or even a hard way) to convert it from MT4 to CTL (visual basic). My charts are CTL based and I think this tool is vital to the strategy. Any coders on this forum, please let me know. I'll repost this every few days until I get a response. thanks.
CTL is not Visual Basic as far as I am aware and CTL is a dog of a language to get right. I presume you have GFT if it's CTL so you can try on their forum but I personally would just monitor it in metatrader. You can do so much more with the C# type languages.
  • #6,667
  • Edited 8:41am Dec 2, 2009 7:15am | Edited 8:41am
Hi Guys,
five trades taken as per Vic's latest recommendations.
+1182 pips in 24 hours and still going. this is only with one entry, but as you can see, there were opportunities for more than one entry as long as there was no reason to activate your stoploss, which means the gain could be easily doubled or trippled.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: aubuy301109.gif Size: 32 KB
Click to Enlarge Name: ejbuy011209.gif Size: 38 KB
Click to Enlarge Name: gcbuy011209.gif Size: 48 KB
Click to Enlarge Name: gjbuy011209.gif Size: 37 KB
Click to Enlarge Name: goldbuy301109.gif Size: 32 KB
  • #6,668
  • Dec 2, 2009 7:35am Dec 2, 2009 7:35am
Hi all --

Here is what I see:

Recent H1 kumo break
Current (possible) kumo bounce on retest
Both D and H4 are above kumo
CS is signaling up
T x K in kumo suggesting up

For you experienced pros, is this a decent position to take?

I would set SL at Span A (on the bottom of the kumo) or around 1.2710.

I do see the D resistance not too far overhead so not likely any huge potential here. Just checking the entry signals.

Thanks for your thoughts.

Thanks and best to all, Forest
Attached Image (click to enlarge)
Click to Enlarge Name: aud nzd 02dec.gif Size: 20 KB
  • #6,669
  • Dec 2, 2009 7:44am Dec 2, 2009 7:44am
Quoting lbtrader
Hi Guys,
five trades taken as per Vic's latest recommendations.
+1182 pips in 24 hours and still going. this is only with one entry, but as you can see, there were opportunities for more than one entry as long as there was no reason to activate your stoploss, which means the gain could be easily doubled or trippled.

. . . but then again, LB just followed the rules.

Great job! I think we all could/should have done this.

Forest
  • #6,670
  • Dec 2, 2009 8:13am Dec 2, 2009 8:13am
hai all senior trader...

I still try mastering this ichimoku system...
...
as per Vic system....example long entry..5M....price above kumo...tenkan and kijun cross same trend..span also above kumo...

but suddenly it's reverse....

How to confirm which time is the best? Do we need need to confirm 30M, 1H, 4H...same trend only we enter in 5M..

maybe somebody can explain..

tq
  • #6,671
  • Dec 2, 2009 8:41am Dec 2, 2009 8:41am
Quoting GeigerB
Thanks big guy, I guess I have 2 follow up questions

1 - do you personally take trades where you have span B nearer price action that spanA?

2 - what do you rely on, if anything, to determine s/r levels?
VIC,

I have the same doubts....and when we open orders using Span B as our SL reference point and that SpanB is further away from the entry donīt you think the relation between the sl and tp would not be disproportionate (SL/ TP = 2:1; 3:1...)?

Thank you...
If I Change, the whole World changes!
  • #6,672
  • Dec 2, 2009 11:30am Dec 2, 2009 11:30am
Quoting stevewide
dakiller:
Heck, we all give up occasionally...glad you fessed up to it.
Hope you can relate to my situation and start over...one more time.....
Steve
My na me is frank,even I posted here a few times, I did not introduce myself... sorry.. But..
I found this bloody FANTASTIC thread few month ago.. posted some stupid questions, read a loooot of posts learn... and still losing... Why???
I started in this time FOURTH time with live trading, because I am sick of demos... I blown ma three accounts, because of my HEAD! Better said cos WHAT IS IN!!
Since I found an ICHIMOKU and YOU, guys posted here, I lost 100 dollars from my account, not cos ichi is bad or oyur post is wrong... Cos I made my own rules, but I did NOT OBEY them... And Sample...
.....NO signal for sell, eurusd pair, trend up... And my BRAIN telling me ...
"after such jump UP GO SHORT... IT MUST GO DOWN!!! Just this bloody pair is going UP a long time!! come on boy!! go shooooort!!!"...
What , do you mean, I did???
I went SHORT.... And what was my profit??? Just guess...
Minus 80dollars, from my 300 usd account!! Funny??
Where was my SL?
It WAS! But I MOVED IT, HOPING, blody eur will go down for some tens of pips... It did not... It was a long time ago... for me... that was my last drowdown i have, since this time I had and I always have proper SL.. 1,5 - 2% of my balance, I never do anything else except I write to my rules, I am saving money week after week, I reading this thread and learn.. a lot..
And my account is very close to 700 USD now!!!
Thanks everybody, thank VIC that he has had this FANTASTIC IDEA to write first post... Thank to you, that you adding your opinions..
I love this thread, cos my confidence is a LOT UPPER then few months ago...
  • #6,673
  • Dec 2, 2009 11:34am Dec 2, 2009 11:34am
Quoting Forest-Sea
Hi all --

Here is what I see:

Recent H1 kumo break
Current (possible) kumo bounce on retest
Both D and H4 are above kumo
CS is signaling up
T x K in kumo suggesting up

For you experienced pros, is this a decent position to take?

I would set SL at Span A (on the bottom of the kumo) or around 1.2710.

I do see the D resistance not too far overhead so not likely any huge potential here. Just checking the entry signals.

Thanks for your thoughts.

Thanks and best to all, Forest
Hey Forest, did you do something about it? took it on retest of the flat kumo 1.27404 .
Attached Image (click to enlarge)
Click to Enlarge Name: anbuy021209 .gif Size: 48 KB
  • #6,674
  • Dec 2, 2009 11:45am Dec 2, 2009 11:45am
Quoting lbtrader
Hi Guys,
five trades taken as per Vic's latest recommendations.
+1182 pips in 24 hours and still going. this is only with one entry, but as you can see, there were opportunities for more than one entry as long as there was no reason to activate your stoploss, which means the gain could be easily doubled or trippled.
Great trades. Am in four of them. I noticed you took about three of them against the trend which is against Vic's rule. Was there something else your saw. E.g Candle formation on daily TF?

I noticed that one can easily set pending order with it. I did it on one which I could not wait to trade. And am in the green. I think this strategy is about riding the main trend while it last.

Is there anyone who can program a robot to take this trade and let's see how it goes. Especially for those who do not have the time because of work etc.

Vic Thanks a lot for this strategy. It is stress free, it give you peace of mind with your rm/mm intact.
  • #6,675
  • Edited 12:25pm Dec 2, 2009 11:56am | Edited 12:25pm
Quoting philipo
Great trades. Am in four of them. I noticed you took about three of them against the trend which is against Vic's rule. Was there something else your saw. E.g Candle formation on daily TF?

I noticed that one can easily set pending order with it. I did it on one which I could not wait to trade. And am in the green. I think this strategy is about riding the main trend while it last.

Is there anyone who can program a robot to take this trade and let's see how it goes. Especially for those who do not have the time because of work etc.

Vic Thanks...
I don't know which trend you are referring to. some of the trades were taken on 30/11, and some yesterday and in all of them the main movement of the day was up, and the future kumo was bullish.
I agree with you about the pending order, that last one AUDNZD was a buy limit wich triggered when price tested the flat kumo.
P.S. sorry, I must change the statement above, you are right some of the trades were against the ichimoku trend, I took the main move of the day/week/month as my reference, a slightly different view of trend, my bad...
  • #6,676
  • Dec 2, 2009 12:06pm Dec 2, 2009 12:06pm
What d u mean guys about to enter now LONG? On H4
Or wait for cross on M30? Any ideas?
D1 is above the KUMO as well as W and M..
Attached Image(s) (click to enlarge)
Click to Enlarge Name: audusdH4.jpg Size: 183 KB
Click to Enlarge Name: audusdM30.jpg Size: 182 KB
  • #6,677
  • Edited 12:39pm Dec 2, 2009 12:24pm | Edited 12:39pm
Quoting feri z kosic
What d u mean guys about to enter now LONG? On H4
Or wait for cross on M30? Any ideas?
D1 is above the KUMO as well as W and M..
I'd say the picture is looking bearish at the moment, I exited one lot on the 1H TS/KS cross and waiting to see if price will bounce off the kumo. the 30M does not look good either, I would wait if you want to enter long for a better signal.
  • #6,678
  • Dec 2, 2009 12:30pm Dec 2, 2009 12:30pm
Quoting lbtrader
I'd say the picture is looking bearish at the moment, I exited one lot on the 1H TS/KS cross and waiting to see if price will bounce off the kumo. the 30M does not look good either, I would wait if you ant to enter long for a better signal.
It would be better to get KS TS cross up on D1 for go long, isnt it?
  • #6,679
  • Dec 2, 2009 12:38pm Dec 2, 2009 12:38pm
Quoting feri z kosic
It would be better to get KS TS cross up on D1 for go long, isnt it?
that might take a day or two.
  • #6,680
  • Dec 2, 2009 1:03pm Dec 2, 2009 1:03pm
Quoting lbtrader
that might take a day or two.
Oh yes mate... I can wait. I ll have a look on another pairs..
5 traders viewing now