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Ichimoku forever

  • #6,721
  • Dec 4, 2009 4:42am Dec 4, 2009 4:42am
Hello Traders Any one catch this sharp GBP/USD Kumo Breakout I hope all did

more than 80 pips till now


Good Luck All and best regards
Attached Image (click to enlarge)
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  • #6,722
  • Dec 4, 2009 4:47am Dec 4, 2009 4:47am
Quoting Iskander
Vic 1h kumo breakout looks great , ive tried it before but now ill focus more on it . Im just still in a mac adaptation phase , so cant post any charts yet
A new MAC , a shift to the future hehe ,i'll catch you very soon , enough silly Microsoft
cheers
  • #6,723
  • Dec 4, 2009 4:48am Dec 4, 2009 4:48am
Just out of interest to those of you with long term positions: are you thinking of booking profits before NFP?

Chngster
Thank you Crucial Point, Bleek, Trizzle, Darkstar
  • #6,724
  • Dec 4, 2009 4:55am Dec 4, 2009 4:55am
Quoting chngster
Gday mate, no this is the first time I've heard about it....

well if you missed it here sure there will a break there , this why i was telling the guys that we need to monitor at least 7 to 10 pairs, it will ensure at least 3 entries each week following the trend , and if you missed one you can take from another Kumo Bounce. but i pref to follow the new breakouts only it is better and for sure will extended for a good amount of pips
regarding the MM here is my idea about it
http://www.forexfactory.com/showpost...postcount=6649

Please let me know if you need any help
cheers
  • #6,725
  • Dec 4, 2009 4:56am Dec 4, 2009 4:56am
Quoting EgyTrader
Hello Traders Any one catch this sharp GBP/USD Kumo Breakout I hope all did

more than 80 pips till now


Good Luck All and best regards
Great entry
but are you in or not in ??!!
  • #6,726
  • Dec 4, 2009 5:04am Dec 4, 2009 5:04am
Quoting EgyTrader
thanks and I respect your opinion

Mr. Goichi Hosoda use Ichimoku in many tradeable markets has been used successfully to trade currencies, commodities, futures, and stocks, But I think most of traders here focus on Forex Market
Yes. I have used ichimoku in forex, in 5minutes frame, and it's quite ok. Now i don't use it because i have better results using the SPGM and Force5Minutes systems. But for higher timeframes, it's simply fantastic. And this is the case, as you quote, for almost all markets. In fact, in the IBEX35 future it also works very well.

My comment was only on the options as the key factor in options is not trend, nor momentum, etc. The key factor is volatility. The thickness of the kumo is supposed to be a good indicator of volatility. I just don't share that statement. From my point of view, the indicator for volatility is historic volatility, more precisely the HV(10)/HV(90). -HV is history volatility, last 10 days and last 90 days. Just that.

Best Regards,

Gonso
  • #6,727
  • Dec 4, 2009 5:17am Dec 4, 2009 5:17am
An interesting theory of mine.

I've been studying a bit of price action behind the scenes and I've come to realise that the major rally of the day (in 80% of the time) will come from the London open.

Look at the picture (this is a 1H chart), the pink vertical strip zones represent 7am to 9am London time. Notice how the major rally of the day seems start from the pink zone?

If you use Vic's kumo breakout tactic, the best entry is 4 days ago when the price clears the cloud -- wait for it...out of the London open springbox! 3 days ago it rallied for a second day. But, 2 days ago, it hit the cloud. Today, it is consolidating inside the cloud.

My suggestion is to say, "Bugger it, why not drop down from 1H to 15M. Then, on a intraday basis, ONLY TRADE SIGNALS GENERATED IN THE LONDON OPEN SESSION. The chances that you are riding the start of the intraday rally is around 80%.

Today, I caught the start of G/U & G/J on 15M using this method. (But I chickened out after 25pip due to poor MM. That's a separate story).

What u guys think?

Chngster
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Thank you Crucial Point, Bleek, Trizzle, Darkstar
  • #6,728
  • Edited 6:11am Dec 4, 2009 5:31am | Edited 6:11am
Quoting vic_elc
Great entry
but are you in or not in ??!!

LOL I did not get But I forecast it will happen hehehe I was Sleeping
But I get it on GPBJPY

About GBPUSD As you see it make 100 pips then get down
then find support at ks then rise up again to 1.6640 as before

What you think about how to deal with this situation ?

Have trader to get out when momentum decrease when TS & KS start to flat or trendless (not vertical) as I understand maximum Momentum when ichi MA is vertical

or just move stop lose few pips under KS?

About GPBJPY I make pending order and it activated
And I use Trailing Stop with it, it now 98 pips profit
the cross between vertical and horizontal is my entry point

Some time I need different steps of trailing stops
1 step move 30 pips
2 step move 50 pips and so on can you help me about that ?

this topic is massive information one why we collect it in a pdf document better it will be better any book "Just Idea if you or any one else interest and can help"


sorry and thanks for your time

Best Regards,
Mohamed
Attached Image (click to enlarge)
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  • #6,729
  • Dec 4, 2009 5:36am Dec 4, 2009 5:36am
Quoting chngster
An interesting theory of mine.

I've been studying a bit of price action behind the scenes and I've come to realise that the major rally of the day (in 80% of the time) will come from the London open.

Look at the picture (this is a 1H chart), the pink vertical strip zones represent 7am to 9am London time. Notice how the major rally of the day seems start from the pink zone?

If you use Vic's kumo breakout tactic, the best entry is 4 days ago when the price clears the cloud -- wait for it...out of the London open springbox! 3 days ago it rallied...
I think that's a great idea Chngster, this an example from yesterday and today on EURGBP.
exit could be when the kumo changes direction (twist) or before that, when price stalls at some S/R level.
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  • #6,730
  • Dec 4, 2009 5:39am Dec 4, 2009 5:39am
Quoting ichidakiller
Nice work LB

Where these all taken with the 1h breakout method?
thanks ichi, yes they were all 1H breakouts, but I use a slightly different indicator of trend, I use the main move of the day/week/month/year, but most of the time this agrees quite well with the daily kumo direction.
  • #6,731
  • Dec 4, 2009 5:40am Dec 4, 2009 5:40am
Quoting chngster
An interesting theory of mine.

I've been studying a bit of price action behind the scenes and I've come to realise that the major rally of the day (in 80% of the time) will come from the London open.

Look at the picture (this is a 1H chart), the pink vertical strip zones represent 7am to 9am London time....
I have noticed the London point also myself , but about the 15 Mins i have't back test it before , it might work also good, i think LB used to work through the 15 mins and lower with the breakout , may be we can check with him the results it might be helpful .
what do you think about TP after the break ??!!, do you have any ideas ??!!

EDT:I just said LB and here is the man answering the question hehe
great
  • #6,732
  • Edited 6:17am Dec 4, 2009 5:44am | Edited 6:17am
Quoting EgyTrader
Any one read this book before ?!
Nicole Elliott's book deals with a more complicated aspect of ichimoku, namely price target calculations and duration of a trend calculation. the japanese seem to have mastered the art of forcasting the start, the amplitude and the duration of a trend, all from ichimoku analysis.
  • #6,733
  • Dec 4, 2009 5:52am Dec 4, 2009 5:52am
Quoting vic_elc
I have noticed the London point also myself , but about the 15 Mins i have't back test it before , it might work also good, i think LB used to work through the 15 mins and lower with the breakout , may be we can check with him the results it might be helpful .
what do you think about TP after the break ??!!, do you have any ideas ??!!

EDT:I just said LB and here is the man answering the question hehe
great
hey Vic, speaking of the devil, yeah,
the kumo breakouts are much more reliable than TS/KS cross on lower TF because most of the time the cross is weak or neutral, and therefor the next event that occurs after a TS/KS cross is the kumo breakout which occurs on the right side of the kumo.
entry is usually possible anywhere after the initial breakout because invariably there is a retest of the kumo, especially a flat one, so place a limit or a stop order and wait, you don't have to sit on your screen, but remember to place your SL, which on 15M should be manageable to most of you guys.
for exit, this is a little bit more complicated and I would like people to look at patterns associated with reversal or fading of a breakout and let's see if you see what I have noticed .
  • #6,734
  • Dec 4, 2009 5:55am Dec 4, 2009 5:55am
Quoting lbtrader
hey Vic, speaking of the devil, yeah,
the kumo breakouts are much more reliable than TS/KS cross on lower TF because most of the time the cross is weak or neutral, and therefor the next event that occurs after a TS/KS cross is the kumo breakout which occurs on the right side of the kumo.
entry is usually possible anywhere after the initial breakout because invariably there is a retest of the kumo, especially a flat one, so place a limit or a stop order and wait, you don't have to sit on your screen, but remember to place your SL, which on 15M...
you are always the devil man
i think i'll follow you guys in the 15 mins also , why not to do some scalp when free
Good Luck
  • #6,735
  • Dec 4, 2009 6:05am Dec 4, 2009 6:05am
Quoting lbtrader
Nicole Elliott's book deals with a more complicated aspectof ichimoku, namely price target calculations and duration of a trend calculation. the japanese seem to have mastered the art of forcasting the start, the amplitude and the duration of a trend, all from ichimoku analysis.
Thanks for this information
Best Regards
  • #6,736
  • Dec 4, 2009 6:18am Dec 4, 2009 6:18am
hey vic
u so lazy man . what for such a holiday , come back to trade man.kidding, as i have said u are a winner so u deserve a vacation ,
u take care
samer
  • #6,737
  • Dec 4, 2009 6:22am Dec 4, 2009 6:22am
Quoting samer960
hey vic
u so lazy man . what for such a holiday , come back to trade man.kidding, as i have said u are a winner so u deserve a vacation ,
u take care
samer

Oohhhh i see that the old soldiers are gathered here today , hey samer , LB calderone, Chngester , are we gonna enjoy the NFP together today or what hehe

i party for a week now guys hehe and will keep party till the new year is on
cheers big bro
  • #6,738
  • Edited 6:45am Dec 4, 2009 6:34am | Edited 6:45am
Quoting vic_elc
you are always the devil man
i think i'll follow you guys in the 15 mins also , why not to do some scalp when free
Good Luck
Just remember this, I think 15M scalping the london open is best left to the opening 2 to 3 hours ONLY. You will note from backtesting that the rallies often last for 2hours, maybe up to 4 if your lucky.

Zoom back out to 1H after this period, and just don't take any more 15M signals outside the 7am-9am London time.

Trust me, I have been burnt to a crisp many many times over the last 3 weeks trading by over-trading the 15M into the worst part of the day -- the London-New York overlap (i.e. feel like I missed the rally, "damn!" impatient to get back in, etc...)

Chngster
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Thank you Crucial Point, Bleek, Trizzle, Darkstar
  • #6,739
  • Dec 4, 2009 6:39am Dec 4, 2009 6:39am
Quoting chngster
Just remember this, I think 15M scalping the london open is best left to the opening 2 to 3 hours ONLY....
this is why i love the 1Hr , i don't care if it is london or NY or whatever , the trend on the 1Hr is sooo great and very hard to be broken , i think i'll use the 15 mins in the early morning for some scalp in case i was not in any trend from the 1Hr
good lcukkk
  • #6,740
  • Dec 4, 2009 6:51am Dec 4, 2009 6:51am
Hi guys, I'm new to this forum. I enjoy your input re the Ichimoku.

Im trading the pound/jen, which time frames would you consider best for activating trades?

Can you use the same relevant time frame parameters on the graphs the same, or do you alter it? eg If for example I trade on 10/26/65 on 5 min, the same time frame equals 50/130/325 on one minute. Can you do it this way, or do you simply prefer the same parameters on different time frames?

Regards
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