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Ichimoku forever

  • #6,761
  • Dec 4, 2009 9:57am Dec 4, 2009 9:57am
Quoting calderone
Death by tray it is but I need brown bread man! Brown bread......looks like.....brown!

by the way, kumo break 1hr.....also if you look at 1hr there is a little head and shoulders that formed before nfp. I wonder if we are seeing a long term trend change?

Green pips all around. Need brown bread for bread gun!! lol
loool yeah brown bread man , yeah for my bread gun hahahahaha

what pair you are talking about with the H&S ??!!!
if it is the USD JPY , i have a great feeling that the 85 we have seen from a week ago will not be seen again till next year or may be in another life hehe
good luck broo
  • #6,762
  • Dec 4, 2009 9:59am Dec 4, 2009 9:59am
Quoting vic_elc
loool yeah brown bread man , yeah for my bread gun hahahahaha

what pair you are talking about with the H&S ??!!!
if it is the USD JPY , i have a great feeling that the 85 we have seen from a week ago will not be seen again till next year or may be in another life hehe
good luck broo
oops! I meant to saye eu1hr !!! lol
  • #6,763
  • Dec 4, 2009 10:36am Dec 4, 2009 10:36am
Quoting gonso
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...
thank you very much
  • #6,764
  • Dec 4, 2009 10:38am Dec 4, 2009 10:38am
close above or below kumo
on 4TF

kinonen
Attached Image (click to enlarge)
Click to Enlarge Name: 4tf cross close.gif Size: 70 KB
Attached File(s)
File Type: ex4 kino_4TF_Ichimoku_Kumo.ex4   7 KB | 843 downloads
  • #6,765
  • Dec 4, 2009 11:04am Dec 4, 2009 11:04am
Hi Guys, after the 200 pips dip in EU I am out of some positions.
here's the latest update on the trades taken two days go:
AU exited second lot @ 0.9211 for+79 SL hit
EJ 1 lot closed @ 134.00 (+444) second still running +419
GJ 1 lot closed @ 148.88 (+646) second still running +596
Gold SL hit exit second lot @ 1200 + 345
AN 2 lots still running +33 SL @ BE near miss by 5 pips.
when EU tanked, so did AU and gold, had it been the other way I would be out on EJ and GJ but still in with the rest, so good to be balanced at all times especially news time.
  • #6,766
  • Dec 4, 2009 11:56am Dec 4, 2009 11:56am
Quoting lbtrader
Hi Guys, after the 200 pips dip in EU I am out of some positions.
here's the latest update on the trades taken two days go:
AU exited second lot @ 0.9211 for+79 SL hit
EJ 1 lot closed @ 134.00 (+444) second still running +419
GJ 1 lot closed @ 148.88 (+646) second still running +596
Gold SL hit exit second lot @ 1200 + 345
AN 2 lots still running +33 SL @ BE near miss by 5 pips.
when EU tanked, so did AU and gold, had it been the other way I would be out on EJ and GJ but still in with the rest, so good to be balanced at all times especially...
LB are you using the breakout in the gold also??!! , i haven't test it till now
  • #6,767
  • Dec 4, 2009 12:05pm Dec 4, 2009 12:05pm
Hey guys

Thanks again for all the valuable information and experience from all the great traders in this room.

From next week I am going to be forward testing the 1h breakout on all pairs

Just a question

Do we need to pay attention to where the Cs is when we take a 1h kumo breakout?

Thanks again guys

Ichi
  • #6,768
  • Edited 12:32pm Dec 4, 2009 12:16pm | Edited 12:32pm
Quoting vic_elc
LB are you using the breakout in the gold also??!! , i haven't test it till now
yes, it's applicable to anything that trends. I actually saw that there was a change in trend yesterday and took 1 lot out, I was hoping the trend would resume today but apparently not so my SL was hit on the news announcement. conspiracy theory would say that the down move was being prepared yesterday, what do you think?
in the picture the CS went thru the price, and the kumo twisted down, plus the TS crossed below KS (this one may not be as important because it is still above kumo, but still should be considered).
Quoting ichidakiller
Do we need to pay attention to where the Cs is when we take a 1h kumo breakout?
yes ichi, especially when you want to decide about exiting or taking profit. it's all in the wiki document.
Attached Image (click to enlarge)
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  • #6,769
  • Dec 4, 2009 12:19pm Dec 4, 2009 12:19pm
Quoting ichidakiller
Hey guys

Thanks again for all the valuable information and experience from all the great traders in this room.

From next week I am going to be forward testing the 1h breakout on all pairs

Just a question

Do we need to pay attention to where the Cs is when we take a 1h kumo breakout?

Thanks again guys

Ichi
No man u will only need the cloud in ur chart , this strategy is a pure trend following so you will not need R/S levels from lower TF u will only consider the daily.
good luck

EDT: I agree with LB about using it as an exit signal , i'll discuss this point in another post
LB UR DAAAA MAAAAAAAAAAAAAAAAN
  • #6,770
  • Dec 4, 2009 12:20pm Dec 4, 2009 12:20pm
Hi vic,
I have been trading Ichi just with the crosses..never saw them as strong or weak..If there is a cloud break even with weak buy signal then I would take this trade..I always look 1hr charts..Is this a good trading practice?..How would you identfy support resistance from the other timeframe?

Thanks for ur support on this thread
  • #6,771
  • Dec 4, 2009 12:31pm Dec 4, 2009 12:31pm
Ok guys let’s talk about profit
As LB mentioned I have noticed that Cs can be used as the early signal to exit the trade.
But the problem I faced while testing was the false signals, when we have a false signal we will exit early and may be soo early, the normal price action then was going down to test SpanB and then resume the main trend in my entry direction.
I started to think with a target for each pair , when thinking I think about how much the pair wave can do pips after any break and take an average as my TP.
I have tested the EURJPY and can see that the max it can make after a cloud break is 1000 pip
But like 90% of the waves make around 400 or 500 pip so I decided the 400 to be my TP all the time in EUR JPY .
The GBP JPY wave can make 1200 to 1400, around 90% of the wave is able to make 600 to 700 pip , decided 600 as my TP all the time in GBP JPY
I haven’t tested the rest of the pairs, so I may ask you anyone wants to offer help to test for us anyother pair and see how much we can get , try to get some pairs that are not related to each other so we can get the best safety when trading .
Please feel free to ask about anything
Have a great weekend all
Vic
  • #6,772
  • Dec 4, 2009 1:43pm Dec 4, 2009 1:43pm
Quoting vic_elc
Ok guys let’s talk about profit
As LB mentioned I have noticed that Cs can be used as the early signal to exit the trade.
But the problem I faced while testing was the false signals, when we have a false signal we will exit early and may be soo early, the normal price action then was going down to test SpanB and then resume the main trend in my entry direction.
I started to think with a target for each pair , when thinking I think about how much the pair wave can do pips after any break and take an average as my TP.
I have tested the EURJPY and...


Hi Vic.
The testing you did for eurjpy and gbpjpy is it on the Kumo breakout of H1 TF or Daily TF?
{Spam Removed}
  • #6,773
  • Dec 4, 2009 1:44pm Dec 4, 2009 1:44pm
Quoting micorocy
Hi Vic.
The testing you did for eurjpy and gbpjpy is it on the Kumo breakout of H1 TF or Daily TF?

On the 1Hr following the main direction of the daily Kumo
good luck
  • #6,774
  • Dec 4, 2009 1:59pm Dec 4, 2009 1:59pm
Vic , for how long have u backtested e/yen and gbp/yen , so that u came up with those TP numbers ?
  • #6,775
  • Edited 4:46pm Dec 4, 2009 2:38pm | Edited 4:46pm
If you are tired to study constantly charts with overloaded indicators,
and just want to trade PA without stress or fear, than...

feel free to study the attached chart.

Template - EA and extra needed indicator are available.
To work with Renko bars in MT4, copy RenkoLiveCharts v3 EA in Expert folder.

See extra EA settings FIRST on attachement !

So :

  1. Open "naked" M1 chart and attach EA, set BarsRange @ 3 (pips)
  2. Open Offline chart M2 from same pair
  3. Load template

Always leave "naked" M1 chart open !

PS. To load Renko data feed, market MUST be OPEN !

EXTRA NOTE : On the chart,where is noted Reversal - this must be Retracement, sorry for that.

Attached Image(s) (click to enlarge)
Click to Enlarge Name: Kumo_cloud_Trading.png Size: 112 KB
Click to Enlarge Name: Settings_EA.png Size: 88 KB
Attached File(s)
File Type: mq4 ###Auto Pivot.mq4   15 KB | 436 downloads
File Type: tpl cloud trading.tpl   4 KB | 577 downloads
File Type: mq4 RenkoLiveChart_v3.0.mq4   11 KB | 471 downloads
File Type: ex4 RenkoLiveChart_v3.0.ex4   10 KB | 429 downloads
  • #6,776
  • Dec 4, 2009 2:46pm Dec 4, 2009 2:46pm
Quoting Iskander
Vic , for how long have u backtested e/yen and gbp/yen , so that u came up with those TP numbers ?
2 years man
  • #6,777
  • Dec 4, 2009 3:53pm Dec 4, 2009 3:53pm
Quoting desander
If you are tired to study constantly charts with overloaded indicators,
and just want to trade PA without stress or fear, than...

feel free to study the attached chart.

Template - EA and extra needed indicator are available.
To work with Renko bars in MT4, copy s-Renko Bars EA in Expert folder.

See extra EA settings FIRST on attachement !


So :

  1. Open "naked" M1 chart and attach EA, set BarsRange @ 3 (pips)
  2. Open Offline chart M2 from same pair
  3. Load template

Always leave "naked" M1 chart open !

PS....


THE S-RENKO INDICATOR YOU HAE POSTED IS A COMMERCIAL ONE. It would be unfair to the developer to have his work posted for free. Please remove this.

I can certainly testify to the efficacy of using renko with ichi, works very very well!

For those that want to use renko, pls either buy the commercial version, or there is a FREE version in programming discussion section on this very forum that works just as well, the latest version 3.2 is very good - have a look.

Pardy
  • #6,778
  • Dec 4, 2009 4:47pm Dec 4, 2009 4:47pm
Quoting Pardy
THE S-RENKO INDICATOR YOU HAE POSTED IS A COMMERCIAL ONE. It would be unfair to the developer to have his work posted for free. Please remove this.

I can certainly testify to the efficacy of using renko with ichi, works very very well!

For those that want to use renko, pls either buy the commercial version, or there is a FREE version in programming discussion section on this very forum that works just as well, the latest version 3.2 is very good - have a look.

Pardy
I made the changes, sorry for that.

Gilbert.
  • #6,779
  • Dec 4, 2009 4:53pm Dec 4, 2009 4:53pm
Quoting Pardy
THE S-RENKO INDICATOR YOU HAE POSTED IS A COMMERCIAL ONE. It would be unfair to the developer to have his work posted for free. Please remove this.

I can certainly testify to the efficacy of using renko with ichi, works very very well!

For those that want to use renko, pls either buy the commercial version, or there is a FREE version in programming discussion section on this very forum that works just as well, the latest version 3.2 is very good - have a look.

Pardy

joining you in your requst
Desander : thanks for the great chart and the great explanation but if you are able to find us something free it will be great , we used to have everything here for free
Thanks again for the good work m wishing you good luck
have a great weekend all
cheers
Vic
  • #6,780
  • Dec 4, 2009 5:31pm Dec 4, 2009 5:31pm
Are we near a trend reversal in here or what ??!!!!!
Attached Image(s) (click to enlarge)
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