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Ichimoku forever

  • #7,261
  • Dec 14, 2009 9:57am Dec 14, 2009 9:57am
Quoting lbtrader
I just posted a picture to illustrate the fibo senkouB correlation.
as for GBP/CHF what was your reason for long entry and what was your target?
btw where is your Chikou span?

Because I thought that the daily was about to break out of the cloud. And Daily Kumo was up
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  • #7,262
  • Dec 14, 2009 9:59am Dec 14, 2009 9:59am
Non ichi but bear flag on 4hr as pointed out by clockwork. Be cautious.
  • #7,263
  • Dec 14, 2009 10:14am Dec 14, 2009 10:14am
Quoting Pip26
What do u suggest us for entry rules?
Pip26, the entry rules are very clear, wait for a breakout on 1H in the direction of the daily trend, if it happens to be from a flat kumo then wait for a retrace.

Quoting Chekz
Because I thought that the daily was about to break out of the cloud. And Daily Kumo was up
this is a typical breakout from a flat kumo on the daily only the retrace was very quick, look what happened to the price after the breakout, and btw this was a sunday bar was it not? (not much volume there) you would have been better waiting for a clear breakout and the retrace and then entering there.
  • #7,264
  • Dec 14, 2009 10:23am Dec 14, 2009 10:23am
Helo lbTrader

Yes you are right but today EJ breakout occured on H1, D1 is also bearish kumo, but price retrace back, is it because of flat Ks price attraction?
  • #7,265
  • Dec 14, 2009 10:23am Dec 14, 2009 10:23am
did you note traders how the Cad-Usd reflect from the surface of flat daily kumo

best regards
  • #7,266
  • Dec 14, 2009 10:28am Dec 14, 2009 10:28am
Quoting EgyTrader
did you note traders how the Cad-Usd reflect from the surface of flat daily kumo

best regards
It must be example number 5 or 6
  • #7,267
  • Dec 14, 2009 10:30am Dec 14, 2009 10:30am
Quoting Pip26
Helo lbTrader

Yes you are right but today EJ breakout occured on H1, D1 is also bearish kumo, but price retrace back, is it because of flat Ks price attraction?
I am sorry I don't have access to an EJ chart as I am still at work and cannot run MT4, but several pages back I posted my view on 1H breakouts that did not agree with the daily. you have to see how much room there is for the breakout to move before it hits resistance, if that is enough and suits your risk:reward then take it, otherwise wait for a better one or look for another pair.
  • #7,268
  • Dec 14, 2009 10:32am Dec 14, 2009 10:32am
Quoting lbtrader
Pip26, the entry rules are very clear, wait for a breakout on 1H in the direction of the daily trend, if it happens to be from a flat kumo then wait for a retrace.


this is a typical breakout from a flat kumo on the daily only the retrace was very quick, look what happened to the price after the breakout, and btw this was a sunday bar was it not? (not much volume there) you would have been better waiting for a clear breakout and the retrace and then entering there.

Thanks i'll try to keep that in mind next time. Im still trying to get the hang of using such a great trading tool.
  • #7,269
  • Dec 14, 2009 10:41am Dec 14, 2009 10:41am
Quoting fxpig
Hello IB,
There were excellent exemples, I just missed the interpretation. However do you know of anyone on this board applying Ichimoku on 1M TF or having chat room for this system?
Thank you again as well as several others who help explaining Ichimoku system to us.
Hey fxpig, just checked in after a break and not sure whether anyone answered your question. Originally people here used 1minute chart but changed to 1hr by and large, I use a 10 tick chart very successfully which usually equates to a 1 minute chart on mt4. Be aware though where it sits against the 5 minute chart, ie how close to the cloud PA is. I trade happily on a retrace to the cloud but not usually in the cloud. I use the rules strictly on the 10 tick as laid out in the wiki entry, read it a lot. Then trade it. Only trade active times also, London, Tokyo and New York open for me.
Good Luck and Ninja Trader is best.
Patience and fortitude conquer all things. Ralph Waldo Emerson
  • #7,270
  • Edited 11:02am Dec 14, 2009 10:41am | Edited 11:02am
Quoting lbtrader
Senkou span B is calculated by averaging the highest high and lowest low of the last 52 periods shifted 26 periods forward. fibonacci calculation involves a line between the highest high and lowest low of a breakout so the 50% would be exactly the senkou span B if they happen to fall within 52 periods.
notice in the picture below how we have the same low but three highs, and notice how the corresponding spanB moves higher with newer high along with the 50% fibo level.
Quoting lbtrader
Pip26, the entry rules are very clear, wait for a breakout on 1H in the direction of the daily trend, if it happens to be from a flat kumo then wait for a retrace.


this is a typical breakout from a flat kumo on the daily only the retrace was very quick, look what happened to the price after the breakout, and btw this was a sunday bar was it not? (not much volume there) you would have been better waiting for a clear breakout and the retrace and then entering there.
Truly one of the best
Agree but The question here :
There is flat kumo on 1.6440 on 4H and If we go there, On daily that will break 50% and go consolidation on daily and will make flat kumo on daily and 50% Support That mean more chance Trend reverse to up
But if it's downtrend and current daily flat kumo Resistent as 50% and this breakout we should go down by tomorrow not up BUT this will canceling flat kumo on 1.6440!! puzzle! Unless we see conflict on the news fast up move then down:-)
Wish you all good things
  • #7,271
  • Edited 11:15am Dec 14, 2009 11:00am | Edited 11:15am
Quoting mach.25
Hey fxpig, just checked in after a break and not sure whether anyone answered your question. Originally people here used 1minute chart but changed to 1hr by and large, I use a 10 tick chart very successfully which usually equates to a 1 minute chart on mt4. Be aware though where it sits against the 5 minute chart, ie how close to the cloud PA is. I trade happily on a retrace to the cloud but not usually in the cloud. I use the rules strictly on the 10 tick as laid out in the wiki entry, read it a lot. Then trade it. Only trade active times also,...
Hi Mach.25, I believe the original focus was to determine the trend on higher TF then zoom in on the 5M for the entry. I don't think many, apart from myself took any trades on the 1M, and I still do if I can watch the screen. What you say regarding the 5M is true as this is your closest level of support or resistance and should be watched closely, especially if you scalp, but some 1M trades can net 100 or more pips. It would be nice to see how you trade the 1M equivalent and what is your usual TP, I presume you are using Oanda as your platform?
thanks and hope to see more posts for you here.
  • #7,272
  • Dec 14, 2009 11:22am Dec 14, 2009 11:22am
Ive decided that im just to sleepy to keep watching this computer screen so since the daily kumo is up but a good breakout hasn't happened yet im going to fib the high and low candle that did try to break out and place a buy and sell entry on each end. I firgure that it's going to go up but who knows. I'll check back a little later on. Good morning/Good night!
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  • #7,273
  • Dec 14, 2009 11:27am Dec 14, 2009 11:27am
LB
  • #7,274
  • Dec 14, 2009 11:32am Dec 14, 2009 11:32am
Good to see ya hope all is well. What do you think about my daily chart!!!
  • #7,275
  • Dec 14, 2009 11:33am Dec 14, 2009 11:33am
USD CAD
GBP CHF

trades are unfolding good so far

good luck
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  • #7,276
  • Dec 14, 2009 11:37am Dec 14, 2009 11:37am
Quoting mach.25
Hey fxpig, just checked in after a break and not sure whether anyone answered your question. Originally people here used 1minute chart but changed to 1hr by and large, I use a 10 tick chart very successfully which usually equates to a 1 minute chart on mt4. Be aware though where it sits against the 5 minute chart, ie how close to the cloud PA is. I trade happily on a retrace to the cloud but not usually in the cloud. I use the rules strictly on the 10 tick as laid out in the wiki entry, read it a lot. Then trade it. Only trade active times also,...
Hi mach.25, Always happy to learn from the master.I'll go back reading more as you have recommended. However will you have time to show charts according to your trades? Also which pairs do you follow for taking a position? Many thanks for your kind help.
  • #7,277
  • Dec 14, 2009 11:37am Dec 14, 2009 11:37am
Quoting Checkz
Good to see ya hope all is well. What do you think about my daily chart!!!
Thanks Bro
if you are talking about the GBP CHF , i believe it is a good entry and we might see the daily trend gaining momentum during the upcoming weeks
good luck all
  • #7,278
  • Dec 14, 2009 11:42am Dec 14, 2009 11:42am
Quoting vic_elc
Thanks Bro
if you are talking about the GBP CHF , i believe it is a good entry and we might see the daily trend gaining momentum during the upcoming weeks
good luck all

Thanks and I'll check ya later!
  • #7,279
  • Dec 14, 2009 11:49am Dec 14, 2009 11:49am
Quoting egkid
Truly one of the best
Agree but The question here :
There is flat kumo on 1.6440 on 4H and If we go there, On daily that will break 50% and go consolidation on daily and will make flat kumo on daily and 50% Support That mean more chance Trend reverse to up
But if it's downtrend and current daily flat kumo Resistent as 50% and this breakout we should go down by tomorrow not up BUT this will canceling flat kumo on 1.6440!! puzzle! Unless we see conflict on the news fast up move then down:-)
Wish you all good things
Vic what's your comment about g/u
  • #7,280
  • Dec 14, 2009 11:55am Dec 14, 2009 11:55am
Quoting vic_elc
Hello
here is a link where all the Kumo Warriors are located in
http://www.4shared.com/dir/19807073/...5/sharing.html

you can use ichimoku on 1M or 5 Min TF please check the firest 20 pages of the thread they are all about scalping
also there is a chat room for all of and here is the link
http://www.chatzy.com/366889644961

Good Luck
Hi Vic,
These will keep me busy for a while. Meanwhile I'll join the chat room per your link. Thanks again to you and everyone who contributed to this board.
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