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Ichimoku forever

  • #7,521
  • Dec 18, 2009 8:58am Dec 18, 2009 8:58am
This why i don't like fridays, all the rules can be broken , but the smart trader will know when to bank his pips , i think this short made around 130 pip, i am sure most of you banked some of them
good luck biggg boyysssss
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  • #7,522
  • Dec 18, 2009 9:00am Dec 18, 2009 9:00am
Quoting lbtrader
for those of you who took short, this long position wasn't too bad either, time to TP
OMG you are a hunter man a goooood hunter , i was never going to take the long entry .
man you damnnn goooooooooooooooooooood
  • #7,523
  • Edited 9:52am Dec 18, 2009 9:01am | Edited 9:52am
Quoting Checkz
should i still be long on gbp/jpy
Remember, in a countertrend trade always TP at the key S/R. on the 1H price is stalling, on the 4H price seems to be retracing towards flat kumo, and on the daily you have a thick flat kumo as your ceiling. So the answer is no.
P.S. I just noticed that you took the long at the time I was taking profit. what was your reason to enter long Checkz?
  • #7,524
  • Dec 18, 2009 10:31am Dec 18, 2009 10:31am
Quoting lbtrader
remember, in a countertrend trade always tp at the key s/r. On the 1h price is stalling, on the 4h price seems to be retracing towards flat kumo, and on the daily you have a thick flat kumo as your ceiling. So the answer is no.
P.s. I just noticed that you took the long at the time i was taking profit. What was your reason to enter long checkz?
i thought that when i saw the first candle open and close above the kumo and i saw the kumo twist that i was suppose to go long
  • #7,525
  • Dec 18, 2009 11:02am Dec 18, 2009 11:02am
Quoting Checkz
i thought that when i saw the first candle open and close above the kumo and i saw the kumo twist that i was suppose to go long
Ok, let's see, the daily price was under the thick kumo = bearish,
the 4H was retracig a 120 pip bar which did not close yet and was emerging from a flat kumo, plus the TS crossing below KS = bearish, on the 1H the candle closed outside the kumo and over a flat kumo so a retrace was on the way, if you wanted to go long you would have waited for the retrace, but by then you would have realized that it was not going to go long and it was retracing not just to the kumo but also to the flat KS below the kumo.
All in all vic was right when he called for a short, and my trade as I indicated was a countetrend which had a ceiling, the daily kumo.
Remember, stay on the side of the daily trend and take into consideration all the little bits that tend to make your breakout a fake.
Oh and I almost forgot, it was Friday, vic does not trade Fridays because unexpected things tend to happen.
  • #7,526
  • Dec 18, 2009 11:09am Dec 18, 2009 11:09am
Quoting lbtrader
Ok, let's see, the daily price was under the thick kumo = bearish,
the 4H was retracig a 120 pip bar which did not close yet and was emerging from a flat kumo, plus the TS crossing below KS = bearish, on the 1H the candle closed outside the kumo and over a flat kumo so a retrace was on the way, if you wanted to go long you would have waited for the retrace, but by then you would have realized that it was not going to go long and it was retracing not just to the kumo but also to the flat KS below the kumo.
All in all vic was right when he called...

WILL REMEMBER THAT
  • #7,527
  • Dec 18, 2009 11:15am Dec 18, 2009 11:15am
Quoting lbtrader
ok, let's see, the daily price was under the thick kumo = bearish,
the 4h was retracig a 120 pip bar which did not close yet and was emerging from a flat kumo, plus the ts crossing below ks = bearish, on the 1h the candle closed outside the kumo and over a flat kumo so a retrace was on the way, if you wanted to go long you would have waited for the retrace, but by then you would have realized that it was not going to go long and it was retracing not just to the kumo but also to the flat ks below the kumo.
All in all vic was right when he called...

i was orginally short with my stoploss above te kumo cloud(where the gray line is) when it took out my stoploss i just kind of thought that maybe it was time to go long my bad!
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  • #7,528
  • Dec 18, 2009 11:18am Dec 18, 2009 11:18am
Quoting lbtrader
Oh and I almost forgot, it was Friday, vic does not trade Fridays because unexpected things tend to happen.
you know what i think am gonna change my mind , seeing you making a lot of pip gonna drive me crazy
i think i'll scalp on fridays hehe
kiddin man , still holding my rules no entries on fridays
you are a great warrior LB
my Flu is clearing now and there will be nothing to resist my action , next week we will be ready with our surprise
good luck Brooo
wishing you a looootttttttt oooffffff pipppppppppppppppps

happy new year
  • #7,529
  • Dec 18, 2009 11:21am Dec 18, 2009 11:21am
Quoting Checkz
i was orginally short with my stoploss above te kumo cloud(where the gray line is) when it took out my stoploss i just kind of thought that maybe it was time to go long my bad!
an advise from a brother to you , i believe you still affected by your emotions, things are out of control , try to practice for a while, choose a pair and choose only one signal to follow , don't keep going up and down with the price for no reason , don't go against the daily trend unless you are very strong or your name is LBtrader

good luck it is just a matter of time and everything will be ok

P.S. don't trade on fridays even if it was Vic who provided the signal.

happy new year
  • #7,530
  • Dec 18, 2009 11:29am Dec 18, 2009 11:29am
Quoting Checkz
i was orginally short with my stoploss above te kumo cloud(where the gray line is) when it took out my stoploss i just kind of thought that maybe it was time to go long my bad!
another point which is the way you gonna manage your trade
this entry was taken approx in the 24Hrs of the week, means that the trade was not meant to stay more than 24Hrs , your TP should be in th range of 100 to 150 pip , what more is expected in the last 24Hrs !!!!!!

2 entries offered with TP more than 100 for both , it was an easy 100 pip man

i understand that you still new and i know that by time you will be able to learn and master all the elements in the big equation .
wishing you a good luck
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  • #7,531
  • Dec 18, 2009 11:36am Dec 18, 2009 11:36am
Quoting vic_elc
another point which is the way you gonna manage your trade
this entry was taken approx in the 24hrs of the week, means that the trade was not meant to stay more than 24hrs , your tp should be in th range of 100 to 150 pip , what more is expected in the last 24hrs !!!!!!

2 entries offered with tp more than 100 for both , it was an easy 100 pip man

i understand that you still new and i know that by time you will be able to learn and master all the elements in the big equation .
Wishing you a good luck

thanks for helping me be a better trader
  • #7,532
  • Dec 18, 2009 11:40am Dec 18, 2009 11:40am
Quoting Checkz
thanks for helping me be a better trader
Man this is my duty to help people and one day it will be your duty also , i just wish that you still using a practice account and this is not real money.
if not , please try to use the practice for the next 3 month and keep following us .we are working on some PDFs that will be very helpful to understand the system, all you need is some time to practice and everything will be ok
it is just a matter of time and then Boooooom

good luck
  • #7,533
  • Dec 18, 2009 12:52pm Dec 18, 2009 12:52pm
Hi LBtrader, how did you decide to take today a counter trend long position on GBPJPY, it was very dangerous, last night I took a short position and it has been on a good profit in the night, BUT in the morning - opposite
Good that now was a good retrace and closed on zero
  • #7,534
  • Dec 18, 2009 1:10pm Dec 18, 2009 1:10pm
Quoting egkid
On Daily
Price cloud:Bullish
Ts/Ks: Bullish (crossed)
Cs Bullish But on strong resistant (Yellow arrow on my chart)
Future cloud: Bullish
Long situation:Very Good
But Cs on strong R and my harmonic say strong R if fail to break before daily close we might retrace down tomorrow to maybe 1.0610

I will wait till Asia session and see where we will close (Above 1.0750 or....)
My daily candle close 7 am by Egypt time
How are you guys,Wish all fine and make nice++ pipsss
As i thought we went down to 1.0625 and bouncing
My position closed Today early with positive ++
The great thing i notice since 3 years E/U pair like mother's of all pairs she go and lead all the sons and daughters behind her in her way lol
I Still think we will go 1.48 as far we didn't go lower of today.

Good luck all and Happy new Year to Vic and all the brothers here
  • #7,535
  • Dec 18, 2009 1:17pm Dec 18, 2009 1:17pm
Quoting dreamtheater
Hi LBtrader, how did you decide to take today a counter trend long position on GBPJPY, it was very dangerous, last night I took a short position and it has been on a good profit in the night, BUT in the morning - opposite
Good that now was a good retrace and closed on zero
first when I take countertrend trades it is always with the understanding that it is quite risky, second I would have taken the short if I was watching my screen when it bounced off that flat KS on the 1H, but I was working and when I came back it had already touched that uptrending line signalling a reversal of the days move which was up on my indicator, and so I dropped to 15M and took the breakout with a SL of 26 pips only and with a TP of 130-150 when it stalled.
  • #7,536
  • Dec 18, 2009 1:18pm Dec 18, 2009 1:18pm
Quoting egkid
How are you guys,Wish all fine and make nice++ pipsss
As i thought we went down to 1.0625 and bouncing
My position closed Today early with positive ++
The great thing i notice since 3 years E/U pair like mother's of all pairs she go and lead all the sons and daughters behind her in her way lol
I Still think we will go 1.48 as far we didn't go lower of today.

Good luck all and Happy new Year to Vic and all the brothers here
Good Work Bro

i believe the last 3 month was like a bless for most of us in the thread, i haven seen a lot of green pips around the posts . good work guys

Thank you all for being around , thanks for the great experiance we all share in here

good luck and a happy new year
  • #7,537
  • Dec 18, 2009 1:32pm Dec 18, 2009 1:32pm
hey vic
this thread is so active for an old man like me , so many posts to catch up .
need to update your first post VIC . thats a must now .
best wishes to all of u guys
samer
  • #7,538
  • Dec 18, 2009 1:38pm Dec 18, 2009 1:38pm
Quoting samer960
hey vic
this thread is so active for an old man like me , so many posts to catch up .
need to update your first post VIC . thats a must now .
best wishes to all of u guys
samer
Hey Samer Big Bro

nice to see you around, i agree with you about the 1st post, i am working on it now i was supposed to finish it this week but i got some flu and it cause the delay, ISA i'll be finishing it by next week, if you have any comments or any thing to be added there please let me know.
have a great weekend
  • #7,539
  • Dec 18, 2009 1:46pm Dec 18, 2009 1:46pm
Hi lbtrader,

Did you also notice that the author has mentioned optimized settings (based on 4H timeframe) for different pairs:


Pair Time SSP SSK
EURGBP 4H 44 38
CADCHF 4H 62 52
CADJPY 4H 48 36
GBPUSD 4H 44 36
GBPCHF 4H 34 29
GBPJPY 4H 36 29
EURUSD 4H 34 34
EURCHF 4H 72 50
EURJPY 4H 72 36
USDCAD 4H 24 60
USDCHF 4H 34 29
USDJPY 4H 34 29

This has been on my mind since a long time now as I feel we definitely need to find optimized settings (instead of 9, 26, 52) for different pairs based on their fundamentals, historical moves, and daily range.

I somehow feel difficult to digest that how come the same setting be good enough for EURGBP as well as GBPJPY or AUDNZD ... the pairs are way different in nature.

But I dont think sitting down and coming up with a fix number for each pair is a good idea. What I think is that it should be based on a some kind of formula which may even have a flexibility to change the settings when the conditions change.

By the way, some of my Japanese friends use 7, 22,44 and 9, 21, 63 and quite recently I've started applying 5, 13, 65 and that seems to be quite interesting ...

So anymore help regarding Alternative Ichimoku ? I know Author has focused on 4H but I've been looking at charts on 15Mn and there seems to be interesting results on Future Indices ...

Quoting lbtrader
yes ichi360, I read his post and was interested how he plotted the SSP and SSK parameters. perhaps you can shed some light on that as it seems interesting. Here's the pdf articles for those who are interested.
The indicator is in russian.
  • #7,540
  • Dec 18, 2009 1:54pm Dec 18, 2009 1:54pm
Vincy,

How are you mate ? havent seen you around for a while, busy ?

BTW, sorry I missed you skype call the other day.

ichi360V6, yes I'm still working on it and I reckon I'm a few weeks away from having the final version. The improvements I'm trying are % based Barrowmeter and more graphical objects rather than too much text to read for. Also, an email alert feature where (customizable to whether we want only strong signal or all) crossover signals can be emailed.

And in terms of GU, yes I'm holding a lot of positions right now. I took some profits on GU earlier but then re-entered at a.164 when Daily just couldnt break TS. Also holding, EURUSD, EURJPY, AUDUSD, NZDUSD, AUDNZD, USDSGD, USDZAR, USDNOK and USDSEK.

Vincy, just wondering if you happen to have an EW count for USD Index ? Last I've is from Bob Precter where he had mentioned the possible end od Wave-5 a couple of months ago ...

Quoting vincy balboa
you can try


http://tinypic.com/


Just Upload it

and then you will Get a FORUM Code


Just Copy and Past Here

Normally!!!

Cheer

Hey Ash.

I have seen in your chart ICHI360v6


But i couldn't Find out in Your Blog ..




cheer vb
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