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Ichimoku forever

  • #7,361
  • Dec 16, 2009 4:38am Dec 16, 2009 4:38am
Quoting Gt3rs
Hi everyone,

This thread moves SO fast, I thought I'd re-post this to try to get an answer!!!

Many thanks in advance!!
Hi Gt3, I have posted my view on taking 1H brakouts that did not agree with the daily, have a look on page 472 and see if makes any sense.
  • #7,362
  • Dec 16, 2009 4:43am Dec 16, 2009 4:43am
Please are the angle KS & TS Crossed has any effect or one of them flat during crossing ? and how this can be useful


Thanks,
Best Regards
  • #7,363
  • Dec 16, 2009 4:44am Dec 16, 2009 4:44am
Quoting Checkz
Can you post a chart showing how you are using cspan. Im trying to get a visual on how everyone is using it. Plus im trying to make sure that I am drawing My trendlines right with it.

I just draw a trend line connecting the troughs (in a buy trend) or the peaks (in a sell trend) and wait for the CSPAN to cut through it signalling a possible end of trend. Its exactly as lb mentioned about 10 pages back.
I cant post a chart right now but can later if you still require one.
  • #7,364
  • Dec 16, 2009 4:46am Dec 16, 2009 4:46am
Quoting lbtrader
there is a strong resistance at 1.7085, I would take profit there or slightly before.
  • #7,365
  • Dec 16, 2009 4:48am Dec 16, 2009 4:48am
Quoting carsomyr
I just draw a trend line connecting the troughs (in a buy trend) or the peaks (in a sell trend) and wait for the CSPAN to cut through it signalling a possible end of trend. Its exactly as lb mentioned about 10 pages back.
I cant post a chart right now but can later if you still require one.
ok
  • #7,366
  • Edited 5:08am Dec 16, 2009 4:54am | Edited 5:08am
Quoting EgyTrader
Please are the angle KS & TS Crossed has any effect or one of them flat during crossing ? and how this can be useful


Thanks,
Best Regards
Hi Egy, the angle is probably not important, but if the KS is flat at the time of crossing then this means there will be some sort of retracement towards the KS and possibly a fake cross especially if the KS remains flat after the cross.
Attached Image (click to enlarge)
Click to Enlarge Name: tskscross.gif Size: 41 KB
  • #7,367
  • Dec 16, 2009 5:02am Dec 16, 2009 5:02am
Quoting lbtrader
Hi Egy, the angle is probably not important, but if the KS is flat at the time of crossing then this means there will be some sort of retracement towards the KS and possibly a fake cross.
thanks brother i will keep this in mind
  • #7,368
  • Dec 16, 2009 6:48am Dec 16, 2009 6:48am
Quoting lbtrader
Hi Gt3, I have posted my view on taking 1H brakouts that did not agree with the daily, have a look on page 472 and see if makes any sense.
Thanks for that - so you are looking at the overall picture on the daily to confirm the lower timeframes. Not JUST checking to see if price is above/below the cloud?

Presume this applies to ALL Ichi strategies?

Thanks again
  • #7,369
  • Dec 16, 2009 6:57am Dec 16, 2009 6:57am
Quoting Gt3rs
Thanks for that - so you are looking at the overall picture on the daily to confirm the lower timeframes. Not JUST checking to see if price is above/below the cloud?

Presume this applies to ALL Ichi strategies?

Thanks again
that's right, provided that you are well aware that this is sort of countertrend trade which makes it risky as compared to the one following the trend, and the fact that I also use the main move indicator for my trend setting whch somtimes disagrees with the kumo but agrees with the breakout direction.
  • #7,370
  • Dec 16, 2009 7:41am Dec 16, 2009 7:41am
Gee this mthread moves along fast. Here are a couple of screen shots from tonight, Australian Time, my time is set to US EST btw.
See how even on the 10tick chart price respects the Kumo. Its amazing it happens again and again and I try to predict it even now and get burned again and again lol. Not so often now but occasionally I still do stupid things. Guess whos in the money tonight?
Current short still running.
Oh just closed because hovering at pivot to long and at bottom of Flat cloud.
Good Trading.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: $EURUSD 16_12_2009 (10 Tick).jpg Size: 112 KB
Click to Enlarge Name: $EURUSD 16_12_2009 (10 Tick)#2.jpg Size: 114 KB
Patience and fortitude conquer all things. Ralph Waldo Emerson
  • #7,371
  • Dec 16, 2009 8:03am Dec 16, 2009 8:03am
Yep turned back into 5 minute cloud.
Amazing
Attached Image(s) (click to enlarge)
Click to Enlarge Name: $EURUSD 16_12_2009 (5 Min).jpg Size: 55 KB
Click to Enlarge Name: $EURUSD 16_12_2009 (10 Tick)#3.jpg Size: 106 KB
Patience and fortitude conquer all things. Ralph Waldo Emerson
  • #7,372
  • Dec 16, 2009 8:10am Dec 16, 2009 8:10am
Not bad in at 64 out at 46 as it retraced at 8.30 and sold again at 47 and out at 40 once it stalled.
4 out of 5 tonight with 42 pips in the bag.
Now its stuck in the cloud on the 5minute its Good Night/Good Morning/Good Afternoon to you all.
Thanks again to Vic, its like magic.
Lets hope the magic lasts for us all.
Patience and fortitude conquer all things. Ralph Waldo Emerson
  • #7,373
  • Dec 16, 2009 8:12am Dec 16, 2009 8:12am
Quoting mach.25
Yep turned back into 5 minute cloud.
Amazing

This is the magic of " Ichimku Kinoku Hyou " , Take care when you hunting on small time frames


Best Regards and Enjoy your hunting
  • #7,374
  • Dec 16, 2009 9:18am Dec 16, 2009 9:18am
hai vic...

tq for your comment....as you mentioned "follow the main trend on the daily chart"

correct me if I am wrong..

if the daily trend show long...wait for long signal at 1H time frame
if the daily trend show short..wait for short signal at 1H time frame
if the daily trend inside kumo...just wait..

for your information I always check 5M time frame...so instead of Daily trend should I follow 1H trend...wait for your comment? tq


Quoting vic_elc
each single one of the 5 can be use as an entry , and when they all confirm the entry you will get the complete picture
all you need to do is following the main trend on the daily chart
good luck
  • #7,375
  • Dec 16, 2009 9:36am Dec 16, 2009 9:36am
hey guys is anyone using heiken ashi candles along with ichi ? they seem a bit delayed , but I find them a lot easier to read . Im looking for heiken ashi candle patterns , if someone has any information , i would appreciate if u share it .
  • #7,376
  • Dec 16, 2009 9:39am Dec 16, 2009 9:39am
Quoting Iskander
hey guys is anyone using heiken ashi candles along with ichi ? they seem a bit delayed , but I find them a lot easier to read . Im looking for heiken ashi candle patterns , if someone has any information , i would appreciate if u share it .
EgyTrader can help you about heiken ashi.

but it is better to use them only for exit.
  • #7,377
  • Dec 16, 2009 9:41am Dec 16, 2009 9:41am
Quoting Iskander
hey guys is anyone using heiken ashi candles along with ichi ? they seem a bit delayed , but I find them a lot easier to read . Im looking for heiken ashi candle patterns , if someone has any information , i would appreciate if u share it .
I use this with Ichimoku
http://rapidshare.com/files/31943155...i_Smoothed.mq4


it is good but remember you can use Ichimoku MTF instead of it and also the relation between CS and Cloud it just visually help
Hope it will help


Best Regards
  • #7,378
  • Dec 16, 2009 9:51am Dec 16, 2009 9:51am
Quoting EgyTrader
I use this with Ichimoku
http://rapidshare.com/files/31943155...i_Smoothed.mq4


it is good but remember you can use Ichimoku MTF instead of it and also the relation between CS and Cloud it just visually help
Hope it will help


Best Regards
i use oanda , so i cant install mt4 indicators , basically i was looking for heiken ashi price action patterns
  • #7,379
  • Dec 16, 2009 9:54am Dec 16, 2009 9:54am
Quoting Iskander
i use oanda , so i cant install mt4 indicators , basically i was looking for heiken ashi price action patterns
Oops ...I would I can help
  • #7,380
  • Dec 16, 2009 10:06am Dec 16, 2009 10:06am
Quoting bmusri
hai vic...

tq for your comment....as you mentioned "follow the main trend on the daily chart"

correct me if I am wrong..

if the daily trend show long...wait for long signal at 1H time frame
if the daily trend show short..wait for short signal at 1H time frame
if the daily trend inside kumo...just wait..

for your information I always check 5M time frame...so instead of Daily trend should I follow 1H trend...wait for your comment? tq
on the 5 mins you can use the 1Hr as your guide of trend, also u shall be aware that 5 mins is made for scalping , means u are in to hunt some pips and get out, don't think of turning a 5 mins position to a long term one, this is not a wise thing to do .
for the 1hr you are correct the daily is your trend to follow
good luck
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