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Ichimoku forever

  • #7,141
  • Dec 13, 2009 2:06am Dec 13, 2009 2:06am
  •  Megara
  • | Joined Sep 2009 | Status: MOMENTUM'S THE GODFATHER OF TRADING | 759 Posts
GoodDay Ichimoku Warriors,

Its already 8 months I learn and practise forex trading,(2months demo and 6 months live)
Allow me to write my thought on ichimoku system from newbie perspective?
Shake it off!Lick the Wound,Prey Again!
  • #7,142
  • Dec 13, 2009 2:08am Dec 13, 2009 2:08am
Quoting Megara
GoodDay Ichimoku Warriors,

Its already 8 months I learn and practise forex trading,(2months demo and 6 months live)
Allow me to write my thought on ichimoku system from newbie perspective?
you are welcome
  • #7,143
  • Dec 13, 2009 2:12am Dec 13, 2009 2:12am
Hello Traders,

IB u explain your entry of Kumo breakout on h1 (bullish) with daily below the cloud I have been trading this way with great success.

Interesting to note is Vic latest post of Kijun cross. I have been combining IB scenario of h1 bullish kumo breakout with daily below or in the cloud, however these entries are taken when Kijun cross occur on the h4 or daily.

Backtest this : a h1 Kumo breakout that occurs with daily not agreeing with h1 will almost always has Kijun cross on a higher TF, and remember the pdf says the most POWERFUL Ichi strategy is the Kijun cross (especially on a higher TF). I do look for entries on 15/30 min when the above criteria plays out.

Vic this post is timely and is testament why u reach annual target 2 months ago (lol). You once said Ichi have so much to offer. I just looked at IB tlb with Chikou and i will be implementing this.

Chngster Congrats (20% ROI)

Good luck traders

Dejan
  • #7,144
  • Dec 13, 2009 5:21am Dec 13, 2009 5:21am
Quoting EgyTrader
Welcome Checkz

I just show the relation between 1H Kumo Breakout and Daily Kumo Trend
and we have to follow the daily trend not trade against it.

this is the position in example 2:

the candle close out if you enter at any candle your stop loss
will be at the Horizontal line see the photo:

If you will trade 1H Breakout against the daily need money management due it is more risky

http://www.viafy.com/uploads/4b81fe30dd.gif

now price under the daily kumo
but how ichimoku tell us about that
there is a strategy LB show to us
when...
Thnx EgyTrader you clarify a lot of things to me... with this post.
  • #7,145
  • Dec 13, 2009 5:34am Dec 13, 2009 5:34am
Quoting Pip26
Thnx EgyTrader you clarify a lot of things to me... with this post.

What ever One say , Ichimoku Magic forever Will Stay

  • #7,146
  • Dec 13, 2009 5:53am Dec 13, 2009 5:53am
Quoting EgyTrader

What ever One say , Ichimoku Magic forever Will Stay

but dont you think we should wait for TS/Ks cross in the direction of breakout for more strong entry???
  • #7,147
  • Dec 13, 2009 6:05am Dec 13, 2009 6:05am
Hello EgyTrader,

What if breakout on H1 is already occured, shall we wait for another Ts/Ks cross to be occure with respect of H4 trend direction for new entry? or we should wait for another kumo breakout?
  • #7,148
  • Dec 13, 2009 6:09am Dec 13, 2009 6:09am
Quoting Pip26
but dont you think we should wait for TS/Ks cross in the direction of breakout for more strong entry???
you are right it is will be a confirmation of cross at 1H
you will enter at the white line

http://www.viafy.com/uploads/94811b822d.gif


but if you check 4H you will see already KS & TS was crossed and this is stronger and also the white line above it


http://www.viafy.com/uploads/c92caaf82d.gif

so we just wait complete candle formed out of 1H TF Kumo as LB show
and note the twisting occur before you can see the KS & TS cross

Enjoy Ichimoku and thanks for your response
Best Regards,
Mohamed Abdelrahman
  • #7,149
  • Dec 13, 2009 6:13am Dec 13, 2009 6:13am
Quoting Pip26
Hello EgyTrader,

What if breakout on H1 is already occured, shall we wait for another Ts/Ks cross to be occure with respect of H4 trend direction for new entry? or we should wait for another kumo breakout?
No need to wait 1H TF cross if already it occur at 4H time frame
and price close above 4H kuji-sen as LB show us

Best Regards
  • #7,150
  • Dec 13, 2009 6:21am Dec 13, 2009 6:21am
Quoting EgyTrader
No need to wait 1H TF cross if already it occur at 4H time frame
and price close above 4H kuji-sen as LB show us

Best Regards
No i meant for a new entry, if we missed the H1 breakout then for new entry with the same circumstances can we re-enter at new Ts/Ks cross?
  • #7,151
  • Dec 13, 2009 6:46am Dec 13, 2009 6:46am
Quoting Pip26
No i meant for a new entry, if we missed the H1 breakout then for new entry with the same circumstances can we re-enter at new Ts/Ks cross?
I think it is better to wait for another chance due to you are now far from stop loss level and will be more more risky due to:
- you will set bigger stop loss.
- and for money management if you catch the best entry and you risk 20$ per trade for 100 pips stop lose pip = 20 cent
but if you late 150 pips of entry your stop will be 250 pips and when you rik only 20$ so pip = 8 cent no need for such trade
you can search for another pair or just wait another chances

Good luck
Best regards,
  • #7,152
  • Dec 13, 2009 6:52am Dec 13, 2009 6:52am
Quoting EgyTrader
I think it is better to wait for another chance due to you are now far from stop loss level and will be more more risky due to:
- you will set bigger stop loss.
- and for money management if you catch the best entry and you risk 20$ per trade for 100 pips stop lose pip = 20 cent
but if you late 150 pips of entry your stop will be 250 pips and when you rik only 20$ so pip = 8 cent no need for such trade
you can search for another pair or just wait another chances

Good luck
Best regards,
Thanks sir for your kind guidence.
  • #7,153
  • Dec 13, 2009 7:47am Dec 13, 2009 7:47am
Hi, I just learned the basics of the method and was looking for a thread to further learn about it.

Out of curiosity, which pairs do you guys trade using Ichimoku? JPY ones only or others too.
  • #7,154
  • Dec 13, 2009 7:57am Dec 13, 2009 7:57am
Quoting lbtrader
perfect timing Vic as usual, always working on something new and exploring the full potential of ichimoku like no one has ever done before.
I have something that I am testing for now and it's mainly for scalping with reasonably high accuracy. I will release it in due course when everybody have had the chance to test and benefit from the kijun sen cross strategy.
keep it up mate.

Thanks LB . good that we are working in parallel , can't wait to see the new strategy your working on , feels like we are the devils of Ichimoku hehe
good luck mate
  • #7,155
  • Dec 13, 2009 8:02am Dec 13, 2009 8:02am
EU Daily

http://www.viafy.com/uploads/2636018584.gif
  • #7,156
  • Dec 13, 2009 8:04am Dec 13, 2009 8:04am
Quoting lbtrader
welcome Larseg and yes, start by using the senkou span line that is furthest from your entry and then follow with senkou span B as the trade unfolds.

Thanks buddy, really needed some help there... My back testing results is looking good now But still hard to find exit rules...

This puzzle can be really irritating sometimes...


I am going to sleep now but for those who are waiting for the market... See attachmnts..
Attached File(s)
File Type: pdf The New Market Wizards by Jack Schwager.pdf   1.1 MB | 1,038 downloads
  • #7,157
  • Dec 13, 2009 8:05am Dec 13, 2009 8:05am
Quoting Megara
GoodDay Ichimoku Warriors,

Its already 8 months I learn and practise forex trading,(2months demo and 6 months live)
Allow me to write my thought on ichimoku system from newbie perspective?
Welcome aboard , feel free to share your thoughts in here, we are all here to help and learn from each other
good luck
  • #7,158
  • Dec 13, 2009 8:09am Dec 13, 2009 8:09am
Quoting Dejan
Hello Traders,

IB u explain your entry of Kumo breakout on h1 (bullish) with daily below the cloud I have been trading this way with great success.

Interesting to note is Vic latest post of Kijun cross. I have been combining IB scenario of h1 bullish kumo breakout with daily below or in the cloud, however these entries are taken when Kijun cross occur on the h4 or daily.

Backtest this : a h1 Kumo breakout that occurs with daily not agreeing with h1 will almost always has Kijun cross on a higher TF, and remember the pdf says the most POWERFUL...
Thanks Dejan for your kind words
Icimoku still has a lot to show us , magic will never end ,
ICHIMOKU FOREVER GUYS
good luck
  • #7,159
  • Dec 13, 2009 8:15am Dec 13, 2009 8:15am
Hello Vic,

do you have any chat room for ichimoku discussion????
  • #7,160
  • Dec 13, 2009 8:20am Dec 13, 2009 8:20am
Quoting Pip26
Hello Vic,

do you have any chat room for ichimoku discussion????
hello Pip

yes we have a chat room from a long time ago
here is the link http://www.chatzy.com/366889644961

am afraid that i'll not be available there now cause i have somethings to do now, i'll try to be there after 4 hrs form now
meanwhile you guys can enjoy chat there
good luck all
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